NOT LISTED FOR SALE

1502 Oakwood Dr Norman, OK 73069

Southwest Norman Neighborhood

Estimated Value: $249,000 - $300,000

5 Beds
1.5 Baths
1,876 Sq Ft
$147/Sq Ft Est. Value

Last Sold September 09, 2022

Last sale price $225,000 $120 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,787/month

70 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Corner Lot
  • 1-Story Property
  • Norman High School Rated A-
  • Covered Patio or Porch
  • Central Heating and Cooling System

About This Home

As of September 2022

Come see this updated corner house in Norman! Only 1 mile away from OU and lots of restaurants and shopping. House has so many possibilities. Listing as 5 beds but could be 4 and a huge office, theater room, or mother in law suite. Could be used for a large family or a fantastic investment property with its location! Don't miss this property because it won't last long!!

Last Agent to Sell the Property

Steven McKenzie

MK Partners INC Listed on: 05/31/2022

Last Buyer's Agent

Ryan Broyles

405 Realty Ventures, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,499

Year Built

  • Built in 1961

Lot Details

  • 10,019 Sq Ft Lot
  • Corner Lot

Home Design

  • Midcentury Modern Architecture
  • Combination Foundation
  • Brick Frame
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,876 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms

Schools

  • Jackson Elementary School
  • Alcott Middle School
  • Norman High School

Additional Features

  • Covered Patio or Porch
  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 1 / 3

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,499

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Mid Century
  • Property Sub Type: Single Family
  • Legal Addition: Lydicks Second
  • Mandatory Association Dues Yn: No
  • Property Level: One
  • School Junior High: Alcott MS
  • Special Zoning District Yn: No
  • Storm Shelter: Outdoors
  • Third Party Comments: No
  • Year Built: 1961
  • Year Built Type: Existing
  • Special Features: None

Interior Features

  • Fireplace Description: None
  • Total Bedrooms: 5
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Living Areas: 1
  • Total Sq Ft: 1876

Exterior Features

  • Construction: Brick & Frame, Vinyl
  • Pool: No
  • Exterior Features: Covered Porch
  • Foundation: Combination
  • Roof: Composition

Garage/Parking

  • Garage Description: None

Utilities

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

Schools

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

Lot Info

  • Acres: 0.2300
  • Land Sq Ft: 10019
  • Lot Description: Corner

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
May 31, 2022
Closed on
Sep 15, 2022
Sold by
Tier 1 Properties Llc
Bought by
Lynch Patrick and Lynch Marsha
Seller's Agent
Steven McKenzie
MK Partners INC
Buyer's Agent
Ryan Broyles
405 Realty Ventures, LLC
List Price
$230,000
Sold Price
$225,000
Premium/Discount to List
-$5,000
-2.17%
Views
25
Current Estimated Value
$276,394

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,394
Avg. Annual Appreciation
8.83%
Original Mortgage
$168,750
Outstanding Balance
$162,044
Interest Rate
4.99%
Mortgage Type
New Conventional
Estimated Equity
$127,999

Purchase Details

Listed on
Aug 9, 2020
Closed on
Sep 3, 2020
Sold by
Omerta Zerboni Property Management Llc
Bought by
Tier 1 Properties Llc
Seller's Agent
Kristi Hutton
Whittington Realty
Buyer's Agent
Carson Speer
Brown Dog Realty
List Price
$150,000
Sold Price
$150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.47%
Original Mortgage
$0
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 9, 2020
Closed on
Aug 31, 2020
Sold by
Omerta Zerboni Property Management Llc
Bought by
Tier 1 Properties Llc
Seller's Agent
Kristi Hutton
Whittington Realty
Buyer's Agent
Carson Speer
Brown Dog Realty
List Price
$150,000
Sold Price
$150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2014
Sold by
Johnston Janet S
Bought by
Omerta Zerboni Property Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,800
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2004
Sold by
Blough Joe R
Bought by
Johnston Janet S
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Lynch Patrick $225,000 American Eagle
Tier 1 Properties Llc $1,147,500 Lincoln Title
Tier 1 Properties Llc $1,147,500 Lincoln Title
Omerta Zerboni Property Management Llc $129,000 Cleveland County Abstract Co
Johnston Janet S $122,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lynch Patrick $168,750
Previous Owner Tier 1 Properties Llc $0
Previous Owner Omerta Zerboni Property Management Llc $100,798
Previous Owner Omerta Zerboni Property Management Llc $280,800
Previous Owner Omerta Zerboni Property Management Llc $100,800
Closed Tier 1 Properties Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2022 09/09/22 Sold $225,000 -2.2% $120 / Sq Ft
08/09/2022 08/09/22 Pending -- -- --
08/02/2022 08/02/22 For Sale $230,000 0.0% $123 / Sq Ft
07/16/2022 07/16/22 Pending -- -- --
07/11/2022 07/11/22 Price Changed $230,000 -4.2% $123 / Sq Ft
06/17/2022 06/17/22 For Sale $240,000 0.0% $128 / Sq Ft
06/07/2022 06/07/22 Pending -- -- --
05/31/2022 05/31/22 For Sale $240,000 +60.0% $128 / Sq Ft
09/08/2020 09/08/20 Sold $150,000 0.0% $80 / Sq Ft
08/09/2020 08/09/20 For Sale $150,000 0.0% $80 / Sq Ft
08/09/2018 08/09/18 Rented $1,400 0.0% --
08/05/2018 08/05/18 Under Contract -- -- --
07/09/2018 07/09/18 For Rent $1,400 -- --
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 $3,499 $29,215 $5,536 $23,679
2023 $3,342 $27,824 $4,807 $23,017
2022 $1,717 $14,909 $1,800 $13,109
2021 $1,809 $14,909 $1,800 $13,109
2020 $1,771 $14,909 $1,800 $13,109
2019 $1,802 $14,909 $1,800 $13,109
2018 $1,747 $14,910 $1,800 $13,110
2017 $1,766 $14,910 $0 $0
2016 $1,796 $14,910 $1,800 $13,110
2015 $1,742 $14,910 $1,800 $13,110
2014 $1,651 $14,999 $1,183 $13,816
Source: Public Records

Agents Affiliated with this Home

  • Steven McKenzie

    Seller's Agent in 2022

    Steven McKenzie

    MK Partners INC

    (405) 314-6399

    2 in this area

    192 Total Sales

    Steven McKenzie
    Section Image
  • Ryan Broyles

    Buyer's Agent in 2022

    Ryan Broyles

    405 Realty Ventures, LLC

    (405) 310-7525

    12 in this area

    80 Total Sales

    Ryan Broyles
    Section Image
  • Kristi Hutton

    Seller's Agent in 2020

    Kristi Hutton

    Whittington Realty

    (405) 209-8891

    1 in this area

    24 Total Sales

    Kristi Hutton
    Section Image

  • C

    Buyer's Agent in 2020

    Carson Speer

    Brown Dog Realty

    Section Image
  • Clay Speer

    Seller's Agent in 2018

    Clay Speer

    Brown Dog Realty

    (405) 830-2057

    44 Total Sales

    Clay Speer
    Section Image
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Map

Source: MLSOK

MLS Number: 1011598

MLSOK

APN: R0038459

Oklahoma Cleveland County Norman 73069 Southwest Norman

1502 Oakwood Dr, Norman, OK

This home is located at 1502 Oakwood Dr, Norman, OK 73069 since 31 May 2022 and is currently estimated at $276,394, approximately $147 per square foot. This property was built in 1961. 1502 Oakwood Dr is a home located in Cleveland County with nearby schools including Jackson Elementary School, Alcott Middle School, and Norman High School.

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