1404 W College Ln, Hobbs, NM, 88242
About This Home
Imagine fresh strawberry jam from your very own garden, fresh eggs from your chickens and even fresh milk from your own milking station...sounds amazing! All of this located on 5+ acres with a gorgeous 5 bedroom, 3 bath home. Enjoy easy outdoor living under the canopied patio or relax at the end of a long day in the hot tub surrounded by the sunset. Call today to see this unique, one of a kind home.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1975
Materials
- Foundation: Slab
- Roof: Tin
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Cooktop,Dishwasher,Disposal,Oven
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Features
- Ceiling Fan(s),Pantry,Walk-In Closet(s)
- Flooring: Carpet,Laminate
- Number of fireplaces: 1
- Fireplace features: Family Room,Wood Burning
- Fireplace: Yes
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Electric,Central Air
Interior Area
- Total structure area: 3,613
- Total interior livable area: 3,613 sqft
Property
Details
- Parcel number: 4000403940001
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Has spa: Yes
- Spa features: Private
- Fencing: Back Yard,Front Yard,Fenced
- Horses can be raised: Yes
Lot
- Lot size: 5.40 Acres
- Features: Irregular Lot
- Lot size dimensions: 5.40 acres appro x
Parking
- Total spaces: 2
- Parking features: Attached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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
- Lightning
- Wildfire
- Winter Weather
- Cold Wave
- Hail
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters in Lea County and New Mexico
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,045 | $48,540 |
| Home Insurance * | $758 | $9,096 |
| Property Taxes | $346 | $4,152 |
| Electricity | $256 | $3,082 |
| Total | $5,405 | $64,860 |
Income You'd Need if You Spent...
New Mexico FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-08 | Price change | $800,000 |
| 2026-03-28 | Listed for sale | $850,000 |
| 2026-03-17 | Listing removed | -- |
| 2026-02-23 | Price change | $850,000 |
| 2025-11-21 | Listed for sale | $925,000 |
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