$618,000
SOLD APR 10, 2025

1300 Commerce Dr Unit 1302 & 1215/1217 Eas Norman, OK 73071

Southeast Norman Neighborhood
16 Beds
8 Baths
5,368 Sq Ft
0.5 Acres

Recently Sold

$115 Per Sq Ft

3% Below List Price

23 Days on Market

Highlights

  • 0.5 Acre Lot
  • Traditional Architecture
  • Central Heating and Cooling System
  • Norman High School Rated A-
  • Interior Lot
  • 1-Story Property

About This Home

As of April 2025

GREAT INVESTMENT OPPORTUNITY. Two buildings! 4 units. Excellent rental history. 1217 Eastgate is rented for $1300 through 7/31/25, 1302 Commerce is rented through 5/31/27 with a current rent of $1345 which increases to $1350 on 6/1/25 and to $1395 on 6/1/26. All electric. Tenants pay their own utility bills (electric/water). Easy access to OU and anywhere in the OKC Metro area. Layout is amazing. All units have 4 bedrooms, 2 bathrooms and an oversized one car attached garage. Call today for your private viewing. Units at 1215 Eastgate and 1300 Commerce are vacant for showings. All of the units are similar. Once offer is approved, other units can be viewed with 48 hour notice

Last Agent to Sell the Property

Clay Russell

PPMG of Texas LLC

Last Buyer's Agent

Benjamin Michaud

Brix Realty

Brix Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,450

Year Built

  • Built in 2006

Lot Details

  • 0.5 Acre Lot
  • Interior Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 5,368 Sq Ft Home
  • 1-Story Property

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway

Schools

  • Kennedy Elementary School
  • Irving Middle School
  • Norman High School

Utilities

  • Central Heating and Cooling System

Community Details

  • 4 Units

Listing and Financial Details

  • Legal Lot and Block 1 / 3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,450

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Style: Traditional
  • Property Sub Type: Duplex
  • Legal Addition: East Lindsey Plaza 3
  • Property Level: One
  • School Junior High: Irving MS
  • Section: 366
  • Stories: 1.0000
  • Third Party Comments: No
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace Description: None
  • Appliances: Dishwasher, Disposal, Microwave
  • Total Bedrooms: 16
  • Total Bathrooms: 8.00
  • Full Bathrooms: 8
  • Total Sq Ft: 5368

Exterior Features

  • Construction: Brick
  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Total Parking: 4
  • Parking: Concrete Drive

Utilities

  • Cooling System: Central Elec
  • Heat System: Central Electric

Schools

  • Elementary School: Kennedy ES
  • High School: Norman HS

Lot Info

  • Acres: 0.4986
  • Land Sq Ft: 21720
  • Lot Description: Interior

Multi Family

  • Number Of Units: 4

Tax Info

  • Tax Block: 3
  • Tax Lot: 1

MLS Schools

  • School District: Norman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2025
Closed on
Apr 4, 2025
Sold by
Stoehr Troy and Stoehr Janalynn L
Bought by
Thottathil Christo and Mathew Ann Maria
Seller's Agent
Clay Russell
PPMG of Texas LLC
Buyer's Agent
Benjamin Michaud
Brix Realty
List Price
$639,900
Sold Price
$618,000
Premium/Discount to List
-$21,900
-3.42%
Total Days on Market
23
Views
37

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.06%
Original Mortgage
$453,750
Outstanding Balance
$453,750
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$178,590

Purchase Details

Closed on
Apr 6, 2022
Sold by
Cargill David W and Cargill Jana L
Bought by
Stoehr Troy and Stoehr Janalynn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2022
Sold by
Cargill David W and Cargill Jana L
Bought by
Stoehr Troy and Stoehr Janalynn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2021
Sold by
Saleemi Saira M and Saleemi Mudassir
Bought by
Sf Township Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 16, 2016
Closed on
Feb 21, 2017
Sold by
Williams Isaac E and Williams Evelyn R
Bought by
Cargill David W and Cargill Jana L
Seller's Agent
Angela Rogers
RE/MAX Gemini
Buyer's Agent
Angela Rogers
RE/MAX Gemini
List Price
$490,000
Sold Price
$440,000
Premium/Discount to List
-$50,000
-10.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.49%
Original Mortgage
$330,000
Interest Rate
4.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 5, 2014
Sold by
Williams Isaac E and Williams Evelyn R
Bought by
Isaac E And Evelyn R Williams 2014 Trust

Purchase Details

Closed on
Mar 30, 2007
Sold by
Powell Suzanne and Powell Dan
Bought by
Williams Issac E and Williams Evelyn R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,750
Interest Rate
6.24%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 2004
Sold by
City National Bk & Tr Co-Trust
Bought by
Powell Suzanne

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $618,000 Chicago Title
Warranty Deed $618,000 Chicago Title
Warranty Deed $560,000 American Security Title
Warranty Deed $560,000 American Security Title
Warranty Deed -- Chicago Title Oklahoma Co
Warranty Deed $440,000 None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $425,000 None Available
Warranty Deed $140,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $453,750 New Conventional
Closed $453,750 New Conventional
Previous Owner $420,000 New Conventional
Previous Owner $126,000 New Conventional
Previous Owner $330,000 Commercial
Previous Owner $295,470 Commercial
Previous Owner $308,750 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2025 04/10/25 Sold $618,000 -3.4% $115 / Sq Ft
03/05/2025 03/05/25 Pending -- -- --
03/03/2025 03/03/25 For Sale $639,900 0.0% $119 / Sq Ft
03/03/2025 03/03/25 Pending -- -- --
02/25/2025 02/25/25 Price Changed $639,900 -1.6% $119 / Sq Ft
02/10/2025 02/10/25 For Sale $650,000 +47.7% $121 / Sq Ft
02/24/2017 02/24/17 Sold $440,000 -10.2% $82 / Sq Ft
02/17/2017 02/17/17 Pending -- -- --
05/16/2016 05/16/16 For Sale $490,000 -- $91 / Sq Ft
Source: MLSOK

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,450 $70,557 $4,273 $66,284
2023 $8,069 $67,197 $4,594 $62,603
2022 $6,055 $52,576 $5,442 $47,134
2021 $6,079 $50,073 $5,355 $44,718
2020 $5,665 $47,688 $5,161 $42,527
2019 $5,488 $45,418 $5,212 $40,206
2018 $5,321 $45,418 $5,213 $40,205
2017 $5,382 $45,418 $0 $0
2016 $0 $45,418 $5,213 $40,205
2015 -- $45,418 $5,213 $40,205
2014 -- $45,418 $5,213 $40,205
Source: Public Records

Source: MLSOK

MLS Number: 1154998

MLSOK

APN: R0032419

Oklahoma Cleveland County Norman 73071 Southeast Norman

1300 Commerce Dr Unit 1302 & 1215/1217 Eas, Norman, OK

Homes for Sale in Norman, OK

This home is located at 1300 Commerce Dr Unit 1302 & 1215/1217 Eas, Norman, OK 73071 and is currently priced at $618,000, approximately $115 per square foot. This property was built in 2006. 1300 Commerce Dr Unit 1302 & 1215/1217 Eas is a home located in Cleveland County with nearby schools including Kennedy Elementary School, Irving Middle School, and Norman High School.

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