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1924 N Vega Dr, Hobbs, NM, 88240

4beds
4baths
7,694sqft
$600,000
$78price/sqft
$4,455/moest. monthly cost
$178,200/yrincome needed

About This Home

Large home with so many amenities and options! Extra Large primary suite with Large bath offering 2 huge walk-in closets and multiple toilet areas, vanity, separate shower and stand alone tub & access off bath to Pergola covered hot tub. Hot tub area has slats on one side to provide a more private area to enjoy. Home has a double sided fireplace which opens to the family room and the Primary bedroom. Two separate living areas and bedrooms situated with 2 on each side of the home. One living area has a wet bar with sonic ice maker. Three full baths and one half bath. The extremely large kitchen is conveniently located in the middle of the home with easy access and a large island as well as large pantry areas. There is even a hidden panic room. Formal dining area and very large utility room. This home has a 3 car garage on one side and the carport has been turned into a 2 car on the other side of the home as well as a large circle drive out front. Large covered patio in the back yard to enjoy the water feature and even a storage area under roof. This home is a must see for your family providing separate living areas for entertaining divided by the large kitchen. Call us to set up your viewing. Disclaimer: floor plan attached is for purposes of layout only and room measurements have not been verified as exact. Floorplan was provided through an app and not physically measured.

Getting Around

47
WalkingCar-Dependent
0
TransitVery Limited Transit
43
BikeSomewhat Bikeable

Schools

5/10
Sanger Elementary SchoolGrades K-50.3 mi
4/10
8/10
Hobbs High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 1982

Materials

  • Roof: Pitched
  • Construction materials: Brick

Type & Style

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

Interior

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1
  • Partial bathrooms: 1

Features

  • Ceiling Fan(s),Fireplace,Pantry,Walk-In Closet(s),Wet Bar
  • Flooring: Carpet,Laminate,Tile
  • Number of fireplaces: 2
  • Fireplace features: Living Room
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 7,694
  • Total interior livable area: 7,694 sqft

Property

Details

  • Parcel number: 4000072370001

Features

  • Stories: 1
  • Patio & porch: Patio Covered
  • Exterior features: Sidewalk,Water Feature
  • Has spa: Yes
  • Fencing: Block,Cross Fenced
  • Frontage length: 170.0
  • Topography of land: Block, Cross Fenced, Sprinklers In Front, Sprinklers In Rear

Lot

  • Lot size: 0.45 Acres
  • Lot size dimensions: 170.0x115.0

Parking

  • Total spaces: 3
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

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

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 $3,033$36,396
Home Insurance *$615$7,380
Property Taxes $260$3,120
Electricity $547$6,564
Total$4,455$53,460
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$152,742/yr
40% on housing$133,650/yr
45% on housing$118,800/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

$78This 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
2026-07-01Price change$600,000
2026-05-29Price change$615,000
2026-04-08Price change$625,000
2026-02-24Price change$650,000
2026-01-06Price change$670,000
2025-11-06Price change$699,000
2025-09-22Price change$724,000
2025-09-03Listed for sale$739,000
2020-01-09Sold--
2019-09-13Price change$495,000
2019-04-29Listed for sale$513,500
2018-10-01Listing removed$696,400
2018-05-02Listed for sale$696,400
2018-01-01Listing removed$696,400
2017-07-19Price change$696,400
2017-04-24Listed for sale$893,000

For Sale by Agent

AgentTracy Coleman
BrokerageEdge Realty Group

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