NOT LISTED FOR SALE

1318 Commerce Dr Unit 1320 Norman, OK 73071

Southeast Norman Neighborhood

Estimated Value: $270,038 - $307,000

6 Beds
4 Baths
2,248 Sq Ft
$128/Sq Ft Est. Value

Last Sold January 29, 2021

Last sale price $204,000 $91 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $1,878/month

95 Days on Market

Highlights

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

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

1 Duplex units 1318 & 1320

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

Bowers Realty Group Listed on: 09/01/2020

Last Buyer's Agent

Non MLS Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,299

Year Built

  • Built in 2004

Lot Details

  • 0.32

Parking

  • Driveway

Home Design

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

Interior Spaces

  • 2,248 Sq Ft Home
  • 1-Story Property
  • Dishwasher
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Schools

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

Additional Features

  • 0.32 Acre Lot
  • Central Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 5C / 3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,299

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Style: Traditional
  • Property Sub Type: Duplex
  • Legal Addition: East Lindsey Plaza 3
  • Misc Features: Tenant Pays Utils
  • Number3 Br Units: 2
  • 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: 6
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Total Sq Ft: 2248

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: 14118

Multi Family

  • Number Of Units: 2

Tax Info

  • Tax Block: 3
  • Tax Lot: 5C

MLS Schools

  • School District: Norman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2020
Closed on
Jan 28, 2021
Sold by
Samuel Properties Llc
Bought by
Marzullo Melissa A and Marzullo Jason
Seller's Agent
Cara Springer
Bowers Realty Group
Buyer's Agent
Non MLS Member
List Price
$230,000
Sold Price
$204,000
Premium/Discount to List
-$26,000
-11.3%
Current Estimated Value
$287,760

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,760
Avg. Annual Appreciation
8.04%
Original Mortgage
$153,000
Outstanding Balance
$138,177
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$148,278

Purchase Details

Closed on
Feb 2, 2016
Sold by
Mudd Michael J and Mudd Linda Lee
Bought by
Samuel Properties Llc
Source: Public Records

Similar Homes in Norman, OK

  • 1309 Eastgate Dr Unit 1311, Norman, OK 73071

    $265,000

    • 4 Beds
    • 6 Baths
    • 2,664 Sq Ft
    • 1309 Eastgate Dr
    • Unit 1311
    • Norman, OK

    Fantastic Investment Opportunity Near OU!Don’t miss this well-designed townhome-style duplex just minutes from the University of Oklahoma. The spacious floorplan features a large living room with a cozy fireplace, wet bar, and an open dining area — perfect for entertaining. The kitchen and convenient half bath are also located on the main level.Upstairs, you’ll find two generously sized bedrooms,

    Kelley Baca Baca Realty Group LLC

    Section Image
  • 500 Sinclair Dr Unit 502, Norman, OK 73071

    $288,000

    • 4 Beds
    • 4 Baths
    • 2,312 Sq Ft
    • 500 Sinclair Dr
    • Unit 502
    • Norman, OK

    Great investment opportunity or future owner-occupant property! This well-maintained duplex is tucked away in a quiet cul-de-sac in Norman, OK. Each side features 2 spacious bedrooms and 1.5 bathrooms, offering comfortable living. Enjoy the easy upkeep of no carpet throughout the home, plus the added character of beautiful wooden stairs. Step outside to a private, fenced backyard—perfect for

    Madison Vincent Draper Realty LLC

    Section Image
  • 306 E Hughbert St Unit 12, Norman, OK 73069

    $367,000

    • 4 Beds
    • 3 Baths
    • 1,719 Sq Ft
    • 306 E Hughbert St
    • Unit 12
    • Norman, OK

    All units are leased! Prime Investment in Norman’s Old Silk-Stocking Neighborhood! These newly updated multi-family properties feature three rentals. A charming, 2-bed/1-bath cottage and a two-level ADU (Accessory Dwelling Unit) with two spacious studio apartments. The upstairs studio has a wraparound balcony! Four designated parking spaces in back! Walk to downtown Norman’s great restaurants,

    Mark Calhoun RE/MAX First

    Section Image
  • 627 W Acres St, Norman, OK 73069

    $325,000

    • 6 Beds
    • 5 Baths
    • 2,892 Sq Ft
    • 627 W Acres St
    • Norman, OK

    Fantastic investment opportunity 1 mile from campus in Norman. 5 units total, 2 are currently rented. 3 of 5 units have been recently renovated, and the property has a new roof as of August 2024. Nice backyard area with storage. Amazing cashflow potential with a little renovation and updating. Properties like this don't come along often- check it out today!

    Lauren Durmus LIME Realty

    Section Image
  • 125 N Creekdale Dr Unit 127, Norman, OK 73072

    $325,000

    • 6 Beds
    • 4 Baths
    • 2,618 Sq Ft
    • 125 N Creekdale Dr
    • Unit 127
    • Norman, OK

    Fully Remodeled Duplex with Private Yards & Garages – Ideal for Investors or House Hackers!This stunning, fully updated duplex is the investment opportunity you’ve been waiting for! Each side has been thoughtfully remodeled from top to bottom, offering modern finishes, spacious layouts, and the comfort of private fenced-in backyards—perfect for relaxing, entertaining, or letting pets roam free.

    Taylor Embery Stephens Real Estate

    Section Image
See All Homes in Norman

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Marzullo Melissa A $204,000 Nations Title Of Okc
Samuel Properties Llc $1,245,000 Stewart Ab Stract & Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marzullo Melissa A $153,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2021 01/29/21 Sold $204,000 0.0% $91 / Sq Ft
12/05/2020 12/05/20 Pending -- -- --
09/25/2020 09/25/20 Price Changed $204,000 -11.3% $91 / Sq Ft
09/22/2020 09/22/20 For Sale $230,000 0.0% $102 / Sq Ft
09/15/2020 09/15/20 Pending -- -- --
09/01/2020 09/01/20 For Sale $230,000 -- $102 / Sq Ft
Source: MLSOK

Tax History Compared to Growth

Source: Public Records

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 $3,299 $27,547 $3,164 $24,383
2023 $3,150 $26,235 $3,396 $22,839
2022 $2,877 $24,986 $4,134 $20,852
2021 $2,943 $24,250 $4,134 $20,116
2020 $2,850 $23,992 $4,134 $19,858
2019 $2,783 $23,040 $1,404 $21,636
2018 $2,700 $23,040 $1,405 $21,635
2017 $2,730 $23,040 $0 $0
2016 $2,775 $23,040 $1,405 $21,635
2015 -- $23,040 $1,405 $21,635
2014 -- $23,040 $1,405 $21,635
Source: Public Records

Agents Affiliated with this Home

  • Cara Springer

    Seller's Agent in 2021

    Cara Springer

    Bowers Realty Group

    (405) 252-0131

    6 in this area

    35 Total Sales

    Cara Springer
    Section Image

  • N

    Buyer's Agent in 2021

    Non MLS Member

See All Agents

Map

Source: MLSOK

MLS Number: 925894

MLSOK

APN: R0138714

Oklahoma Cleveland County Norman 73071 Southeast Norman

1318 Commerce Dr Unit 1320, Norman, OK

This home is located at 1318 Commerce Dr Unit 1320, Norman, OK 73071 since 01 September 2020 and is currently estimated at $287,760, approximately $128 per square foot. This property was built in 2004. 1318 Commerce Dr Unit 1320 is a home located in Cleveland County with nearby schools including Kennedy Elementary School, Irving Middle School, and Norman High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSOK IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market.
Copyright 2025 MLSOK, Inc. All rights reserved.

Nearby Homes