501 E Palace Ave
Hobbs, NM 88240
2
Bed
1
Bath
998Sqft
This charming 2-bedroom, 1-bath home in Hobbs, NM has been completely updated throughout the interior, including a brand-new roof for added peace of mind. Step inside to find a fresh, modern interior with updated finishes, a bright and inviting living space, and a functional layout perfect for everyday living. The renovated kitchen and bathroom add style and convenience, making this home ideal for first-time buyers, downsizers, or investors. Don’t miss this turnkey opportunity!
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bedroom Information
Total beds: 2Bathroom Information
Total Baths: 1 Full Baths: 1 -
Heating & Cooling
Has Heating: Yes Heating: Forced Air Has Cooling: Yes Cooling: Electric, Central Air
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Building Information
Year Built: 1960 Building Area Total: 998 Construction Materials: Stucco Stories: 1 Private Pool: No
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Lot Information
Lot Description: Irregular Lot
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Listing Price Information
Listing Price: $172000 Original Price: $180000 Cash, Conventional, VA Loan
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Tax Information
Parcel Number: 4000106920001 Tax Year: 2025 Annual Tax: $430.19 Tax Legal Desc: LAUGHLIN ADD UNIT 2 BLOCK 3 LOT 1
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Parking Information
No Garage
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Utility Information
Electricity Connected -
Location Information
WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2904 E Church Drive, Hobbs, NM, 88240 | $245,000 | 3 | 2 | 1,301 | 1,301 SqFt |
| 2121 E Cliffwood Circle, Hobbs, NM, 88240 | $490,000 | 4 | 4 | 2,294 | 2,294 SqFt |
| 2706 N Wedgewood Drive, Hobbs, NM, 88240 | $510,000 | 5 | 3 | 2,930 | 2,930 SqFt |
| 2137 E Sanger Street, Hobbs, NM, 88240 | $450,000 | 2 | 1 | 1,261 | 1,261 SqFt |
| 1733 Highwood Avenue, Hobbs, NM, 88240 | $559,900 | 5 | 4 | 2,886 | 2,886 SqFt |
| 1801 E Highland Drive, Hobbs, NM, 88240 | $290,000 | 3 | 2 | 2,628 | 2,628 SqFt |
| 1728 E Tanglewood Avenue, Hobbs, NM, 88240 | $419,000 | 4 | 3 | 2,601 | 2,601 SqFt |
| 2907 N Del Sol Circle, Hobbs, NM, 88240 | $425,000 | 4 | 2 | 2,039 | 2,039 SqFt |
| 1136 E Aventura Lane, Hobbs, NM, 88240 | $395,000 | 4 | 3 | 2,075 | 2,075 SqFt |
| 900 N Pecan Drive, Hobbs, NM, 88240 | $397,000 | 3 | 2 | 3,942 | 3,942 SqFt |
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MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the New Mexico Association of Realtors.
ByOwner last updated this listing 07/25/2026 @ 17:31
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