NOT LISTED FOR SALE

1312 Commerce Dr Norman, OK 73071

Southeast Norman Neighborhood

Estimated Value: $455,000 - $646,000

12 Beds
8 Baths
4,918 Sq Ft
$115/Sq Ft Est. Value

Sale Details

Date Sold: January 29, 2021

Last sale price $446,000 $91 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $3,695 / mo

95 Days on Market

Highlights

  • 20,682 Sq Ft lot
  • Traditional Architecture
  • 1-Story Property
  • Norman High School Rated A
  • Central Heating and Cooling System

About This Home

As of January 2021

Great Investment Opportunity very close to The University of Oklahoma

LOCATION, LOCATION, LOCATION

Close to Shopping and Dining

Always Leased

Owner Currently Pays for Lawn Maintenance

***DO NOT DISTURB TENANTS***

New Roofs 2016

Vaulted Ceilings in Living room and Master

Attached 1 car garage

Enclosed yard with small patio

Split Floor Plan

Each Unit has 3 bedrooms, 2 Bathrooms, Washer and Dryer Connections in Units

100% Occupied

Turn Key Investment

Two Duplexes, 2 units each -1310 & 1312, 1314 & 1316

This is a MULTI DUPLEX SALE Package PRICE IS $650K which Includes MLS #'s 925893 (4Units) AND MLS # 925894 (2 units) (total of 6 Units)

Don’t miss out on the opportunity to Own an income producing property near the University of Oklahoma.

Open Concept Living and Dining room

Appliances included: Refrigerator, Stove and Dishwasher

9 Units are MONTH-MONTH , making these Units a very APPEALING TURN KEY Investment!!!

Last Agent to Sell the Property

Cara Springer

Listed on: 09/01/2020

Last Buyer's Agent

Non MLS Member

Non-Member Firm

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2004

Lot Details

  • 0.47

Parking

  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation
  • Brick Frame
  • Composition Roof

Interior Spaces

  • 4,918 Sq Ft Home
  • 1-Story Property
  • Dishwasher
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Full Bathrooms

Schools

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

Additional Features

  • 20,682 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 4 Units

Listing and Financial Details

  • Legal Lot and Block 4C / 3

Property Details

Home Type

Multi-Family

Year Built

Built in 2004

Lot Details

0.47 Acres

Listing Details

  • Property Type: MultiFamily
  • Style: Traditional
  • Property Sub Type: Duplex
  • Legal Addition: East Lindsey Plaza 3
  • Number3 Br Units: 4
  • Property Level: One
  • School Junior High: Irving MS
  • Stories: 1.0000
  • Third Party Comments: Yes
  • Year Built: 2004
  • Year Built Type: Existing
  • Special Features: None

Interior Features

  • Features: Washer/Dryer Hookup
  • Appliances: Dishwasher, Refrigerator
  • Total Bedrooms: 12
  • Total Bathrooms: 8.00
  • Full Bathrooms: 8
  • Total Sq Ft: 4918

Exterior Features

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

Garage/Parking

  • Parking: Concrete Drive

Utilities

  • Cooling System: Central Elec
  • Heat System: Central Gas

Schools

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

Lot Info

  • Land Sq Ft: 20682

Multi Family

  • Number Of Units: 4

Tax Info

  • Tax Block: 3
  • Tax Lot: 4C

MLS Schools

  • School District: Norman

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2020
Closed on
Jan 28, 2021
Sold by
Bought by
Seller's Agent
Cara Springer
Buyer's Agent
Non MLS Member
Non-Member Firm
List Price
$460,000
Sold Price
$446,000
Premium/Discount to List
-$14,000
-3.04%
Current Estimated Value
$566,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,488
Avg. Annual Appreciation
4.54%
Original Mortgage
$334,500
Outstanding Balance
$237,127
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$329,361

Purchase Details

Closed on
Nov 29, 2004
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$446,000 Nations Title Of Okc
$385,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $334,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/29/2021 01/29/21 Sold $446,000 0.0% $91 / Sq Ft
12/05/2020 12/05/20 Pending -- -- --
09/25/2020 09/25/20 Price Changed $446,000 -3.0% $91 / Sq Ft
09/22/2020 09/22/20 For Sale $460,000 0.0% $94 / Sq Ft
09/15/2020 09/15/20 Pending -- -- --
09/01/2020 09/01/20 For Sale $460,000 -- $94 / Sq Ft
Source: MLSOK

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $7,688 $60,798 $4,187 $56,611
2023 $6,622 $55,145 $3,894 $51,251
2022 $6,048 $52,519 $5,513 $47,006
2021 $6,065 $49,958 $5,417 $44,541
2020 $5,652 $47,579 $5,513 $42,066
2019 $5,567 $46,080 $1,649 $44,431
2018 $5,400 $46,080 $1,649 $44,431
2017 $5,459 $46,080 $0 $0
2016 $5,549 $46,080 $1,649 $44,431
2015 -- $46,080 $1,649 $44,431
2014 -- $46,080 $1,649 $44,431
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Cara Springer

    Section Image

  • N

    Buyer's Agent in 2021

    Non MLS Member

    Non-Member Firm

    83 in this area

    6,310 Total Sales

    Non MLS Member
    Section Image
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Map

Source: MLSOK

MLS Number: 925893

MLSOK

APN: R0138713

Oklahoma Cleveland County Norman 73071 Southeast Norman

1312 Commerce Dr, Norman, OK

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Listings courtesy of MLSOK as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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