713 W Kara St, Hobbs, NM, 88242
About This Home
Turnkey opportunity to acquire a multi-parcel, income-capable property in Hobbs. This offering includes four separate parcels totaling approximately 4.47 acres. Here you will find a commercial building; 5206 N Grimes St. for a business and 713 W Kara St. a 4 bedroom, 2 bathroom residential property. Property highlights include: 20+ kennels Right off a main road for easy access and visibility 2 brand new AC units New wiring Large 4-bedroom, 2-bath home with a beautiful backyard Large barn behind the house with 10 covered stalls Second barn with 8 attached stalls 2 large riding arenas 2 horse turnouts Greenhouse Multiple fenced yards for dogs or livestock. Opportunities like this combining land, infrastructure, and multiple parcels are rare in this market. Call today to schedule a tour!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1980
Materials
- Roof: Metal
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Tile
- Number of fireplaces: 1
- Fireplace: Yes
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 2,226
- Total interior livable area: 2,226 sqft
Property
Details
- Parcel number: 4000777680001
Features
- Stories: 1
- Exterior features: Dog Run
- Fencing: Cross Fenced
- Topography of land: Cross Fenced, Irregular Lot
Lot
- Lot size: 4.47 Acres
Parking
- Total spaces: 2
- Parking features: Garage,Open
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
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
- Heat Wave
- 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 | $12,641 | $151,692 |
| Home Insurance * | $2,369 | $28,428 |
| Property Taxes | $1,083 | $12,996 |
| Electricity | $158 | $1,899 |
| Total | $16,251 | $195,012 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-19 | Listed for sale | $2,500,000 |
| 2018-03-14 | Sold | -- |
| 2018-01-12 | Listing removed | $1,500 |
| 2017-12-12 | Listed for rent | $1,500 |
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