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1827 N Steven Dr, Hobbs, NM, 88240

4beds
2baths
1,412sqft
$130,000
$92price/sqft
$994/moest. monthly cost
$39,760/yrincome needed

About This Home

4 bed, 1.5 baths home. Property to be Sold in as is condition the seller will do no repairs.

Getting Around

16
WalkingCar-Dependent
0
TransitVery Limited Transit
32
BikeSomewhat Bikeable

Schools

5/10
Taylor Elementary SchoolGrades PK-50.3 mi
4/10
--

Construction

Condition

  • Year built: 1960

Materials

  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1
  • Partial bathrooms: 1

Features

  • Ceiling Fan(s)
  • Flooring: Carpet,Tile
  • Number of fireplaces: 1
  • Fireplace features: Living Room
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Central Air,Window Unit(s)

Interior Area

  • Total structure area: 1,412
  • Total interior livable area: 1,412 sqft

Property

Details

  • Parcel number: 15387

Features

  • Stories: 1
  • Fencing: Chain Link,Cross Fenced
  • Topography of land: Chain Link, Cross Fenced

Lot

  • Lot size: 7,840 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Lightning
    LightningVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Wildfire
    WildfireRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Cold Wave
Hail
Strong Wind
Wildfire
Winter Weather
Heat Wave
Ice Storm
Tornado

FEMA Declared Disasters in Lea County and New Mexico

Fire
Flood
Mud Landslide
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $657$7,884
Home Insurance *$133$1,596
Property Taxes $56$672
Electricity $148$1,780
Total$994$11,928
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$34,080/yr
40% on housing$29,820/yr
45% on housing$26,506/yr

New Mexico FAIR Plan Programs

New Mexico Property Insurance Program

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,506Commercial: 306
Total Premiums$5.96M
Total Exposure$950.67M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.1%
10.1%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 3.5%
3.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$92This listing

vs Other Active Listings

Avg $/sqft

ZIP 88240$154
Lea County$157

vs Homes Sold Last Month

Median $/sqft

ZIP 88240$152
Lea County$152

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-07Pending sale$130,000
2026-08-02Listed for sale$130,000
2026-07-11Pending sale$130,000
2026-07-06Listed for sale$130,000
2015-10-12Sold--

For Sale by Agent

AgentMartha Thomas
BrokerageCasa Oasis Realty

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