NOT LISTED FOR SALE

Estimated Value: $441,000 - $1,163,329

8 Beds
12 Baths
4,176 Sq Ft
$222/Sq Ft Est. Value

Last Sold May 10, 2024

Last sale price $1,070,000 $256 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $5,064/month

5 Days on Market

About This Home

As of May 2024

Located one block west of Oklahoma City University, opportunity to purchase two new construction duplexes (four units). Three units are currently leased at $1,700 per month (one unit is held for investor tours) and when the final unit is leased, this project is expected to gross $6,800 per month. Designed specifically for investor clients, this property has no HOA, no carpet (all durable laminate flooring) and features very favorable insurance pricing. These residences include tankless hot water heaters, upgraded quartz countertops with waterfall edges in the kitchen and each unit includes its own washer and dryer. Easy to rent given the proximity to OCU's campus, the Paseo and Midtown, this property includes four reserved parking spaces between the two buildings. Discounted 4.75 property management services are being offered with the sale of this property. Additionally, this project offers significant cost segregation tax benefits for anyone looking to reduce their 2024 taxable income.

Last Agent to Sell the Property

John Read

Read Realty LLC Listed on: 04/05/2024

Last Buyer's Agent

Brandon Just

Homestead + Co

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $676

Year Built

  • Built in 2024

Lot Details

  • Infill Lot

Parking

  • 4 Parking Spaces

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Brick Frame
  • Composition Roof

Interior Spaces

  • 4,176 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms

Schools

  • Eugene Field Elementary School
  • Moon Middle School
  • Douglass High School

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$676

Year Built

Built in 2024

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Style: Contemporary
  • Property Sub Type: Other
  • Legal Addition: West Lawn Park
  • Mandatory Association Dues Yn: No
  • School Junior High: Moon MS
  • Stories: 2.0000
  • Third Party Comments: No
  • Year Built: 2024
  • Special Features: NewHome

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 8.40
  • Full Bathrooms: 8
  • Half Bathrooms: 4
  • Total Sq Ft: 4176

Exterior Features

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

Garage/Parking

  • Total Parking: 4

Schools

  • Elementary School: Eugene Field ES
  • High School: Douglass HS

Lot Info

  • Lot Description: Infill

Multi Family

  • Number Of Units: 4

MLS Schools

  • School District: Oklahoma City

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2024
Closed on
May 15, 2024
Sold by
Ocu Duplexes Llc
Bought by
Lacey Robert S and Lacey Candice
Seller's Agent
John Read
Read Realty LLC
Buyer's Agent
Brandon Just
Homestead + Co
List Price
$1,099,000
Sold Price
$1,070,000
Premium/Discount to List
-$29,000
-2.64%
Views
39
Current Estimated Value
$926,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$143,668
Avg. Annual Appreciation
-10.27%
Original Mortgage
$802,500
Outstanding Balance
$792,598
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$133,734

Purchase Details

Listed on
Dec 18, 2022
Closed on
Feb 28, 2023
Sold by
Caerus Investments Llc
Bought by
Ocu Duplexes Llc
Seller's Agent
Shawn Lawrence
Carpe Diem Equities LLC
Buyer's Agent
Shawn Lawrence
Carpe Diem Equities LLC
List Price
$80,000
Sold Price
$75,000
Premium/Discount to List
-$5,000
-6.25%
Views
133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
833.29%
Original Mortgage
$750,000
Interest Rate
6.33%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 15, 2021
Closed on
Aug 6, 2021
Sold by
Ranca Properties Llc
Bought by
Caerus Investments Llc
Seller's Agent
Christy Hawkins
KW Summit
Buyer's Agent
Shawn Lawrence
Carpe Diem Equities LLC
List Price
$55,000
Sold Price
$50,000
Premium/Discount to List
-$5,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.05%
Original Mortgage
$40,000
Interest Rate
3%
Mortgage Type
Construction

Purchase Details

Listed on
Jun 15, 2021
Closed on
Jul 13, 2021
Sold by
Ranca Properties Llc
Bought by
Caerus Investments Llc
Seller's Agent
Christy Hawkins
KW Summit
Buyer's Agent
Shawn Lawrence
Carpe Diem Equities LLC
List Price
$55,000
Sold Price
$50,000
Premium/Discount to List
-$5,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
3%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 10, 2019
Sold by
Korkolis Miltiadis and Korkolis Konstantina
Bought by
Ranca Properties Llc
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
Lacey Robert S $1,070,000 American Security Title
Ocu Duplexes Llc $75,000 American Eagle Title Group
Caerus Investments Llc $50,000 American Eagle
Caerus Investments Llc $50,000 American Eagle Title Group
Ranca Properties Llc $43,000 Oklahoma City Abstract & Ttl
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lacey Robert S $802,500
Previous Owner Ocu Duplexes Llc $750,000
Previous Owner Caerus Investments Llc $40,000
Previous Owner Caerus Investments Llc $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2024 05/10/24 Sold $1,070,000 -2.6% $256 / Sq Ft
04/10/2024 04/10/24 Pending -- -- --
04/05/2024 04/05/24 For Sale $1,099,000 +1365.3% $263 / Sq Ft
03/03/2023 03/03/23 Sold $75,000 -6.3% $96 / Sq Ft
12/26/2022 12/26/22 Pending -- -- --
12/18/2022 12/18/22 For Sale $80,000 +60.0% $102 / Sq Ft
07/29/2021 07/29/21 Sold $50,000 -9.1% $64 / Sq Ft
07/20/2021 07/20/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $55,000 -- $70 / 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 $676 $8,250 $8,250 --
2023 $676 $5,500 $5,500 $0
2022 $647 $5,500 $5,500 $0
2021 $272 $2,310 $2,310 $0
2020 $871 $7,315 $2,063 $5,252
2019 $552 $4,639 $1,360 $3,279
2018 $501 $4,419 $0 $0
2017 $477 $4,208 $1,548 $2,660
2016 $455 $4,007 $1,086 $2,921
2015 $437 $3,816 $1,143 $2,673
2014 $414 $3,634 $1,050 $2,584
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSOK

MLS Number: 1106840

MLSOK

APN: 052353025