NOT LISTED FOR SALE

201 E Lake Dr Medicine Park, OK 73557

Estimated Value: $328,000 - $392,000

2 Beds
2.5 Baths
2,400 Sq Ft
$146/Sq Ft Est. Value

Last Sold April 17, 2023

Last sale price $320,000 $133 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,177/month

121 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Double Pane Windows
  • Deck
  • Storm Windows
  • Utility Room Bathroom

About This Home

As of April 2023

This unique property is now being sold separately. Zoned for commercial, residential or multi-family and could not be situated in a better location in the beautiful quaint town of Medicine Park. So much potential for a restaurant, air bnb, or even multiple retail spaces! The historic “Red Bird "Cabin was originally built in the 1920s and then rebuilt in the 1990s with the metal framed structure leaving the original cabin walls that can be seen today in the first-floor gallery. The first floor features a large rustic designer retail space and a half bath. This area could be used as 3 separate retail spaces. This would make the perfect area for a restaurant,coffee shop, bike shop, art gallery, or boutique. The remaining two floors are completely separate from the downstairs retail space and were used as the owner’s residence and would make a perfect air bnb. Featuring an open concept with panoramic views. Potentially 3bedrooms upstairs, one bedroom features a murphy bed, and another has a built-in desk. A laundry room with a stackable washer and dryer that stay with the property. Quality workmanship and special touches can be seen throughout including an antique stained-glass window, custom metal gates, doors and so much more. (don’t miss the bird's nest on the 4th level!)Gorgeous views from every window! There are speakers in the gallery and upstairs. The beautiful multi-level deck (maintenance free Trex decking) is the perfect place for outdoor dining and to view all of the happenings in Medicine Park. Since purchasing the property the owner worked diligently restoring the property, added a bathroom with a huge walk-in shower, kitchen with custom cabinets and a pantry, heat and air, new plumbing and updated electrical. New roof in 2013. This is a rare opportunity to own apiece of Medicine Park! Vacant lot next door is also for sale and would be a great area to add an outdoor space for entertaining, outdoor seating, or more parking. See listing # 162440. Call Lorie at 580-591-2982 to view this property

Last Agent to Sell the Property

Lorie Canada

TOWN & COUNTRY HOME PROS, LLC. License #143874 Listed on: 10/21/2022

Last Buyer's Agent

FABIENNE Gibson

TULIP LANE REALTY License #200509

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,228

Year Built

  • Built in 1922 | Remodeled

Lot Details

  • 2,570

Parking

  • 1 Carport Space

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof

Interior Spaces

  • 2,400 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Double Pane Windows
  • Window Treatments
  • Combination Dining and Living Room

Kitchen

  • Stove
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2.5 Bathrooms
  • Utility Room Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Storm Doors

Schools

  • Elgin Elementary And Middle School
  • Elgin High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Deck
  • Lot Dimensions are 47x40x55x63

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,228

Year Built

Built in 1922 | Remodeled

Lot Details

0

Listing Details

  • Age: 65+
  • Class: RESIDENTIAL
  • Type: SINGLE FAMILY RESIDENCE
  • Condition: Remodeled
  • Dining Areas: Living/Dining
  • Inside Inclusions: Window Covering, Washer Connection, Dryer Connection
  • Living Areas: One
  • Road Access: City Street
  • Year Built: 1922
  • Second Address Number: 201
  • Geo Longitude: -98.499486
  • Geo Subdivision: OK
  • OFFICELIST_STATE: OK
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Electric, Freestanding Stove, Vent Hood, Microwave, Dishwasher, Garbage Disposal, Refrigerator, Washer, Dryer
  • Estimated Sq Ft: 2400
  • Bathrooms: 2 - 1/2
  • Bedrooms: 2
  • Floors: Hardwood, Stained Concrete
  • Square Footage: 2400

Exterior Features

  • Exterior Finish: Wood/Frame
  • Foundation: Slab
  • Patio Deck: Open Deck
  • Roof: Metal

Garage/Parking

  • Carport: 1

Utilities

  • Air Conditioner: Central-Electric
  • Electricity: Public Service OK
  • Heating: Central
  • Sewer: City
  • Utility: Bathroom
  • Water: City
  • Water Heater: Electric

Schools

  • Elementary School: Elgin
  • Middle School: Elgin
  • High School: Elgin
  • Elementary School: Elgin
  • Middle School: Elgin
  • Senior High School: Elgin

Lot Info

  • Estimated Lot Size: 47x40x55x63

Green Features

  • Energy Features: Double Pane, Storm Windows, Storm Doors, Ceiling Fan

Tax Info

  • Annual Taxes: 1228

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2022
Closed on
Mar 14, 2023
Sold by
Wedel James Lee and Wedel Denise
Bought by
Holt Timothy and Holt Sondra
Seller's Agent
Lorie Canada
TOWN & COUNTRY HOME PROS, LLC.
Buyer's Agent
FABIENNE Gibson
TULIP LANE REALTY
List Price
$340,000
Sold Price
$320,000
Premium/Discount to List
-$20,000
-5.88%
Views
279
Current Estimated Value
$351,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,522
Avg. Annual Appreciation
4.10%
Original Mortgage
$304,000
Outstanding Balance
$296,969
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$55,568

Purchase Details

Closed on
Apr 9, 2004
Sold by
Blevins John W
Bought by
Wedel James Lee

Purchase Details

Closed on
Oct 10, 2001
Sold by
Medicine Creek Dev Assoc

Purchase Details

Closed on
Jun 20, 2000
Sold by
Mccoy David L and Mccoy Candace L
Source: Public Records

Range of Values:

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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
Holt Timothy $320,000 Nations Title
Wedel James Lee $63,000 --
-- $29,000 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holt Timothy $304,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2023 04/17/23 Sold $320,000 -5.9% $133 / Sq Ft
02/19/2023 02/19/23 Pending -- -- --
10/21/2022 10/21/22 For Sale $340,000 -- $142 / Sq Ft
Source: Lawton Board of REALTORS®

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 $3,329 $34,238 $4,002 $30,236
2023 $1,472 $16,202 $2,917 $13,285
2022 $1,422 $15,731 $4,207 $11,524
2021 $1,313 $15,272 $4,174 $11,098
2020 $1,273 $14,828 $3,976 $10,852
2019 $1,228 $14,396 $3,788 $10,608
2018 $1,119 $13,977 $3,615 $10,362
2017 $997 $13,570 $3,459 $10,111
2016 $720 $9,897 $2,053 $7,844
2015 $672 $9,609 $579 $9,030
2014 $648 $9,329 $579 $8,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lawton Board of REALTORS®

MLS Number: 162443

Lawton Board of REALTORS®

APN: 83094