NOT LISTED FOR SALE

2303 Riva Way Arcadia, OK 73007

East Edmond Neighborhood

Estimated Value: $1,530,000 - $1,713,639

5 Beds
4.5 Baths
6,029 Sq Ft
$268/Sq Ft Est. Value

Last Sold March 28, 2017

Last sale price $1,050,000 $174 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $9,959/month

77 Days on Market

Highlights

  • Concrete Pool
  • 5.05 Acre Lot
  • Traditional Architecture
  • Will Rogers Elementary School Rated A-
  • Wooded Lot
  • Wood Flooring

About This Home

As of March 2017

Must see home in one of NE Edmond’s most coveted gated communities. Set on five acres among a gorgeous, forested landscape, this home offers all the charm and privacy of country living, with only a few miles commute to I-35 and minutes from Edmond’s quintessential downtown. A custom build with only one owner, the home boasts hand-scraped wood flooring, custom shutters, and an open-floor plan complete with large kitchen island, theater room, second living area with built in bar, and exercise facility for all your entertaining and hosting needs. You will fall in love with the resort-worthy backyard, equipped with a salt-water diving pool, spa, waterfall, outdoor kitchen, and s’mores ready fire pit for Oklahoma’s long summers. Bonus features: five-car garage with boat storage and a safe room adjacent to the master bath. Book your showing today. This elegant gem will sell fast!

Last Agent to Sell the Property

Sara Reinhart

West and Main Homes Listed on: 01/05/2017

Last Buyer's Agent

Tracy Marchese

Metro First Realty

Metro First Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,491

Year Built

  • Built in 2011

Lot Details

  • 5.05 Acre Lot
  • Fenced
  • Sprinkler System
  • Wooded Lot

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • 5 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 6,029 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Self Contained Fireplace Unit Or Insert
  • Metal Fireplace
  • Double Pane Windows
  • Window Treatments
  • Bonus Room
  • Game Room
  • Utility Room with Study Area
  • Laundry Room
  • Inside Utility
  • Home Gym

Kitchen

  • Built-In Oven
  • Electric Oven
  • Built-In Range
  • Indoor Grill
  • Microwave
  • Dishwasher
  • Wood Stained Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Whirlpool Bathtub

Home Security

  • Home Security System
  • Fire and Smoke Detector

Pool

  • Concrete Pool
  • Spa

Outdoor Features

  • Balcony
  • Covered patio or porch
  • Outdoor Kitchen
  • Fire Pit

Utilities

  • Zoned Heating and Cooling
  • Power Generator
  • Well
  • Tankless Water Heater
  • Septic Tank

Community Details

  • Association fees include gated entry, greenbelt
  • Mandatory home owners association
  • Greenbelt

Listing and Financial Details

  • Tax Lot 21

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,491

Year Built

Built in 2011

Lot Details

0

HOA Fees

$83 per month

Parking

5

Listing Details

  • Property Type: Residential
  • Style: Traditional
  • Property Sub Type: Single Family
  • Association Fee Includes: Gated Entry, Greenbelt
  • Dining Areas: 1
  • Handicap Yn: No
  • Inlaw Plan Yn: Yes
  • Legal Addition: Riva Ridge
  • Mandatory Association Dues Yn: Yes
  • Mechanical Features: Garage Door Lift, Generator, Security System, Smoke Alarm, Tankless Hot Water, Underground Sprinkler
  • Oven Energy: Electric
  • Property Level: Two
  • Range Energy: Gas
  • Roof Year: 2011
  • Section: 19
  • Special Zoning District Yn: No
  • Storm Shelter: Yes
  • Third Party Comments: No
  • Year Built: 2011
  • Year Built Type: Existing
  • Special Features: None

Interior Features

  • Floors: Carpet, Tile, Wood
  • Fireplace Description: Metal Insert
  • Appliances: Dishwasher, Disposal, Grill, Microwave
  • Interior Amenities: Combo Woodwork, Laundry Room, Stained Wood, Whirlpool, Window Treatment
  • Fireplaces: 1
  • Total Bedrooms: 5
  • Total Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Living Areas: 2
  • Other Rooms: Bonus, Exercise Room, Game Room, Inside Utility, Study
  • Oven Type: Builtin
  • Range Type: Builtin
  • Total Sq Ft: 6029

Exterior Features

  • Construction: Brick
  • Pool Type: Concrete
  • Pool: Yes
  • Exterior Features: Balcony, Covered Patio, Fire Pit, Hot Tub/Spa, Outdoor Kitchen
  • Fence: Combination
  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Garage Capacity: 5
  • Garage Description: Attached
  • Parking: Concrete Drive

Utilities

  • Cooling System: Zoned Electric
  • Heat System: Zoned Gas
  • Utilities Available: Electric, Gas, Septic Tank, Private Well

Condo/Co-op/Association

  • Association Fee: 1000

Lot Info

  • Acres: 5.0500
  • Land Sq Ft: 219978
  • Lot Description: Green Belt, Wooded

Green Features

  • Energy: Double Glazed Windows, Fireplace Insert

Tax Info

  • Tax Block: 000
  • Tax Lot: 21

MLS Schools

  • School District: Edmond

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2017
Closed on
Mar 28, 2017
Sold by
Farischon Chad S and Farischon Julie S
Bought by
Farischon Chad Shannon and Farischon Julie Suzanne
Seller's Agent
Sara Reinhart
West and Main Homes
Buyer's Agent
Tracy Marchese
Metro First Realty
List Price
$1,145,000
Sold Price
$1,050,000
Premium/Discount to List
-$95,000
-8.3%
Total Days on Market
77
Current Estimated Value
$1,617,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$567,660
Avg. Annual Appreciation
5.54%
Original Mortgage
$525,000
Outstanding Balance
$440,747
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$1,191,539

Purchase Details

Listed on
Jan 5, 2017
Closed on
Mar 24, 2017
Sold by
Reinhart John K and Reinhart Julie G
Bought by
Farischon Chad S and Farischon Julie S
Seller's Agent
Sara Reinhart
West and Main Homes
Buyer's Agent
Tracy Marchese
Metro First Realty
List Price
$1,145,000
Sold Price
$1,050,000
Premium/Discount to List
-$95,000
-8.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Outstanding Balance
$440,747
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$1,191,539

Purchase Details

Closed on
Nov 22, 2010
Sold by
Holloway Resources Llc
Bought by
Reinhart John K and Reinhart Julie G

Purchase Details

Closed on
Apr 28, 2006
Sold by
Arcadia Properties Inc
Bought by
Holloway Resources Llc
Source: Public Records

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Range of Values:

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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
Farischon Chad Shannon -- American Eagle Title Group
Farischon Chad S $1,050,000 American Eagle Title Group
Reinhart John K $147,500 American Eagle Title Ins Co
Holloway Resources Llc $135,000 Lawyers Title Of Ok City Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farischon Chad S $525,000
Previous Owner Reinhart John K $611,300
Previous Owner Reinhart John K $960,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2017 03/28/17 Sold $1,050,000 -8.3% $174 / Sq Ft
03/23/2017 03/23/17 Pending -- -- --
01/05/2017 01/05/17 For Sale $1,145,000 -- $190 / 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 $15,491 $156,040 $17,501 $138,539
2023 $15,491 $148,610 $13,351 $135,259
2022 $12,853 $122,834 $14,702 $108,132
2021 $12,184 $116,985 $15,831 $101,154
2020 $12,240 $116,120 $15,670 $100,450
2019 $11,713 $110,591 $15,513 $95,078
2018 $11,222 $105,325 $0 $0
2017 $11,241 $105,985 $16,225 $89,760
2016 $11,199 $106,810 $16,225 $90,585
2015 $11,025 $105,291 $16,225 $89,066
2014 $10,903 $104,281 $16,181 $88,100
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Sara Reinhart

    West and Main Homes

  • T

    Buyer's Agent in 2017

    Tracy Marchese

    Metro First Realty

    (405) 514-8368

    1 in this area

    36 Total Sales

    Tracy Marchese
    Section Image
See All Agents

Map

Source: MLSOK

MLS Number: 755644

MLSOK

APN: 180214150

Oklahoma Oklahoma County Arcadia 73007 East Edmond

2303 Riva Way, Arcadia, OK

This home is located at 2303 Riva Way, Arcadia, OK 73007 since 05 January 2017 and is currently estimated at $1,617,660, approximately $268 per square foot. This property was built in 2011. 2303 Riva Way is a home located in Oklahoma County with nearby schools including Will Rogers Elementary School, Central Middle School, and Memorial High School.

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