4

000 MATT Hobbs, NM 88240

$403,500

53.80

Acres

Zoning

44 days

On Website

Active

Status

The original deed on this property was signed by President Woodrow Wilson-it was a creation of the Homestead Act. Surface minerals (sand, gravel, caliche, etc.) go with the property. Geological reserves of 40,000 cubic yds of excellent quality pit-run caliche are exposed in NE corner of property. The "excellent quality" classification was identified and designated by a long-time professional in the road construction business. Excellent pit-run caliche is worth a minimum of $5/cubic yd-total resource value of $200,000. Above the caliche is a topsoil resource. Approximately 4,000 cubic yds of good brown sandy-loam topsoil can be produced by simple screening. Worth-$35/cubic yd-total resource value of $140,000. It must also be mentioned that a manufactured caliche product may be produced by simple crushing. This product would sell for $40/cubic yd-total caliche resource value of $1.6 million. Excellent quality construction materials located in the heart of Hobbs' future growth area.

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Details


Building And Construction
Property Sub Type
Land
Property Type
Land
Structure
No

Exterior And Lot
Lot Size Acres
53.8
Lot Size Square Feet
2343528
Well
N

Utilities
Electricity
N
Gas
N
Septic
N

Area And Schools
City
Hobbs
County Or Parish
Lea County
Subdivision Name
N/A

Financial Info
Auction
No
Owner Financing
No
Short Sale
No
Tax Annual Amount
$3,699.15
Tax Year
2019

Additional Info
FEES
None
FLOOD ZONE
No
GAS
Near-site
IMPROVEMENTS
Fence,none
Internet Y/N
Yes
Lot Size Irregular
Yes
OTHER UTILITIES
None
SOIL TYPE
Loam,sandy
Sq Ft Source
Lea County Assessor & Owner

Listing Office EDGE REALTY GROUP, 575-392-1000

MLS# 20204046

Updated

The data relating to real estate for sale in this website comes in part from the Internet Data Exchange (IDX) program of the New Mexico Multi-Board MLS. Real Estate listings held by brokers other than the brokerage firm owning this website are marked with the IDX Logo. All data in this website is deemed reliable but is not guaranteed. Neither the REALTORS® Association of New Mexico nor the New Mexico Multi-Board MLS guarantees or is in any way responsible for its accuracy. Data maintained by New Mexico Multi-Board MLS may not reflect all real estate activity in the market. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright© 2021 REALTORS® ASSOCIATION OF NEW MEXICO and the NEW MEXICO MULTI-BOARD MLS, INC. All rights reserved.

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