8501 N Matt Dr, Hobbs, NM, 88242
About This Home
Amazing custom-built country home that offers beauty and functionality + horse facilities and 30'x40' insulated metal shop building with overhead door and electricity...all situated on 1.25 acres north of Hobbs in the College Lane Elementary/Del Norte Middle School districts. Built in 2019, this desirable property also boasts a front sprinkler system and turf in the back yard with 5 mature trees and plenty of covered porch and patio space for comfortable outdoor enjoyment. Perimeter fencing is metal, wood and wire. All rooms are oversized with 10/11/16 foot ceilings; recessed lighting and 8' doors are among the many additional attributes along with his/her closets with built-in dressers, a Roman shower with two separate shower controls/6 shower heads, a large soaking tub, urinals in both bathrooms, a large basin wash tub in the laundry room, spacious kitchen pantry, and an attic space with a pull-down stair accessible from "his" closet. Primary ensuite and common areas have separate HVAC controls. Whirlpool kitchen appliances (gas stove) are included. This is a "must see" for those wanting country living at its best!!!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2019
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Concrete
Heating & Cooling
- Heating features: Electric,Forced Air,Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 2,599
- Total interior livable area: 2,599 sqft
Property
Details
- Parcel number: 205005
Features
- Stories: 1
- Fencing: Wood
- Has view: Yes
- Frontage length: 330.0
- Topography of land: Wire, Wood, Sprinklers In Front
Lot
- Lot size: 1.25 Acres
- Lot size dimensions: 330.0x165.0
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
- Wildfire
- Cold Wave
- Drought
- Hail
- Inland Flooding
- Lightning
- Strong Wind
- Winter Weather
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 | $2,755 | $33,060 |
| Home Insurance * | $516 | $6,192 |
| Property Taxes | $236 | $2,832 |
| Electricity | $184 | $2,217 |
| Total | $3,691 | $44,292 |
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 |
|---|---|---|
| 2026-07-24 | Listed for sale | $545,000 |
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