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1021 W Cambridge St, Hobbs, NM, 88242

4beds
2baths
2,473sqft
$685,000
$277price/sqft
$4,583/moest. monthly cost
$183,320/yrincome needed

About This Home

Are you looking for a new, custom home with contemporary amenities? Look no more this Beautiful, Westminster home is just what you have been waiting for. This home features beautiful Black & Gold appliances and accents throughout. An Open floor plan open to the formal dining, large kitchen and living area and all looking out to a covered patio complete with an outdoor kitchen & fireplace! This amazing kitchen features a gas range top, lower pull out microwave, custom cabinets and pull outs, an amazing sink with multiple water fall options and removable sections, a large walk-in pantry and rough in for RO in kitchen. The laundry room has an abundance of storage and there is a built-in hall tree/mud room area as you walk in from the garage. This home also features an isolated main bedroom suite with double vanities, walk in closet, stand alone tub and walk through shower the length of the bathroom! This can be 3 bedrooms and an office or 4 bedrooms. Water heater has a recirculating system with instant hot water throughout home. Home has a rough in for water softener. You really must come see this one and all of the amenities before it is scooped up!

Getting Around

5
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

6/10
3/10
--

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2026

Materials

  • Foundation: Slab
  • Roof: Metal,Pitched,Shingle
  • Construction materials: Stucco

Type & Style

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

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Microwave,Range Hood,Refrigerator

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Ceiling Fan(s),Pantry,Walk-In Closet(s)
  • Flooring: Carpet,Tile
  • Number of fireplaces: 1
  • Fireplace features: Living Room,Electric
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Electric,Central Air,Refrigerated

Interior Area

  • Total structure area: 2,473
  • Total interior livable area: 2,473 sqft

Master Bathroom

  • Features: Double Sinks, Separate Shower

Property

Details

  • Parcel number: 4921215081951

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Patio Covered
  • Exterior features: Outdoor Kitchen
  • Fencing: Block,Fenced

Lot

  • Features: Irregular Lot,Sidewalk

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage Door Opener
  • 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
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Wildfire
    WildfireRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Wildfire
Winter Weather
Cold Wave
Hail
Strong Wind

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 $3,463$41,556
Home Insurance *$649$7,788
Property Taxes $296$3,552
Electricity $175$2,109
Total$4,583$54,996
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$157,131/yr
40% on housing$137,490/yr
45% on housing$122,213/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

$277This listing

vs Other Active Listings

Avg $/sqft

ZIP 88242$303
Lea County$155

vs Homes Sold Last Month

Median $/sqft

ZIP 88242$179
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)

Price History

DateEventPrice
2026-05-01Listed for sale$685,000
2026-04-15Pending sale$685,000
2026-02-09Listed for sale$685,000

New Construction

AgentTracy Coleman
BrokerageEdge Realty Group

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