NOT LISTED FOR SALE

Estimated Value: $378,192

0.16 Acre
$2,363,700 Price per Acre
6,970 Sq Ft Lot

Last Sold December 15, 2021

Last sale price $320,000 $270 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,472/month

179 Days on Market

About This Lot

As of December 2021

"This type of opportunity comes around once in a lifetime!" This amazing location is in the heart of the University of Oklahoma campus has so much potential. The home that sits on the lot has no value because of the rezoning it can not be rebuilt as a single family structure. The new zoning requires a commercial type build on the ground floor and it does allow for residential dwelling to be in the upper floors. Please let me know if you would like a copy of the document sent to you regarding all of the details of the rezoning of this lot. The house is being sold "as is" where is. The Seller will not be responsible for the demo of the home or the detached garage. Please do not bother the tenant.

Last Agent to Sell the Property

Karen McIntosh

Dillard Cies Real Estate Listed on: 05/03/2021

Dillard Cies Real Estate

Last Buyer's Agent

Robert Marriott

Old Town, REALTORS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $33,854

Lot Details

  • 6,970 Sq Ft Lot
  • Finished Lot(s)
  • Property is zoned Commercial

Schools

  • Lincoln Elementary School
  • Irving Middle School
  • Norman High School

Utilities

  • Municipal Trash

Listing and Financial Details

  • Legal Lot and Block 18 & 19 / 3

Property Details

Property Type

Land

Est. Annual Taxes

$33,854

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • Property Sub Type: Lot
  • Existing House Yn: Yes
  • Legal Addition: State University 1
  • Mobile Homes Allowed Yn: No
  • Road Access: Public
  • Road Maintenance: City
  • School Junior High: Irving MS
  • Subdivide Yn: No
  • Third Party Comments: Yes
  • Special Features: None

Exterior Features

  • Road Frontage: City Road
  • Road Surface: Concrete

Utilities

  • Electric: Public
  • Garbage: Public
  • Gas: Public
  • Sewer: Public
  • Water: Public

Schools

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

Lot Info

  • Acres: 0.1600
  • Land Sq Ft: 6970
  • Lot Description: Campus Area
  • Mineral Rights: No
  • Zoning: Commercial

Tax Info

  • Tax Block: 3
  • Tax Lot: 18 & 19

MLS Schools

  • School District: Norman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2021
Closed on
Dec 15, 2021
Sold by
Norman Campus Rental Properties Llc
Bought by
Yeah Boyd Llc
Seller's Agent
Karen McIntosh
Dillard Cies Real Estate
Buyer's Agent
Robert Marriott
Old Town, REALTORS
List Price
$499,900
Sold Price
$320,000
Premium/Discount to List
-$179,900
-35.99%
Current Estimated Value
$378,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,192
Avg. Annual Appreciation
4.79%
Original Mortgage
$512,000
Interest Rate
2.38%

Purchase Details

Closed on
Apr 30, 2016
Sold by
Rutherford Steven M
Bought by
Norman Campus Rental Properties Llc

Purchase Details

Closed on
May 27, 2005
Sold by
Rutherford Carolyn Jean
Bought by
Carolyn Jean Rutherford Trust
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
Yeah Boyd Llc $320,000 Chicago Title Oklahoma Co
Norman Campus Rental Properties Llc -- None Available
Carolyn Jean Rutherford Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yeah Boyd Llc $2,806,000
Closed Yeah Boyd Llc $512,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2021 12/15/21 Sold $320,000 -36.0% $270 / Sq Ft
10/29/2021 10/29/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $499,900 -- $422 / 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 $33,854 $282,662 $18,000 $264,662
2023 $1,441 $12,000 $12,000 $0
2022 $4,202 $36,480 $12,000 $24,480
2021 $1,241 $10,219 $5,314 $4,905
2020 $1,157 $9,732 $5,039 $4,693
2019 $1,120 $9,269 $4,856 $4,413
2018 $1,034 $8,828 $2,618 $6,210
2017 $996 $14,162 $0 $0
2016 $964 $8,007 $2,375 $5,632
2015 -- $7,626 $2,262 $5,364
2014 -- $7,263 $2,154 $5,109
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSOK

MLS Number: 955907

MLSOK

APN: R0045585