NOT LISTED FOR SALE

2548 Somerset Place Oklahoma City, OK 73116

Estimated Value: $1,609,000 - $1,831,889

4 Beds
4.5 Baths
4,536 Sq Ft
$377/Sq Ft Est. Value

Last Sold December 13, 2021

Last sale price $1,550,000 $342 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $10,654/month

Highlights

  • New Construction
  • Wood Flooring
  • Covered Patio or Porch
  • Traditional Architecture
  • Bonus Room
  • Double Oven

About This Home

As of December 2021

MAJESTIC HOMES has done it again!! Fabulous new construction-estimated completion is late September.
Owners suite and guest bedroom downstairs plus 2 additional guest bedrooms upstairs with a large bonus room too! Each bedroom has a private bath.

Somerset Pl is a quiet street tucked in between Grand Blvd and Wilshire-The Nichols Hills location without the NH taxes and water.

Last Agent to Sell the Property

Laura Terlip

Covington Company Listed on: 03/29/2021

Last Buyer's Agent

Chuck Covington

Covington Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,374

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 96x173
  • North Facing Home
  • Wood Fence
  • Interior Lot

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

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

Interior Spaces

  • 4,536 Sq Ft Home
  • 2-Story Property
  • Fireplace Features Masonry
  • Double Pane Windows
  • Bonus Room
  • Fire and Smoke Detector

Kitchen

  • Double Oven
  • Gas Oven
  • Gas Range
  • Free-Standing Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Covered Patio or Porch

Schools

  • Nichols Hills Elementary School
  • John Marshall Middle School
  • John Marshall High School

Utilities

  • Zoned Heating and Cooling
  • Cable TV Available

Listing and Financial Details

  • Tax Block 116

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,374

Year Built

Built in 2021 | New Construction

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Style: Traditional
  • Property Sub Type: Single Family
  • Senior Community: No
  • Dining Areas: 2
  • Handicap Yn: No
  • Land Dimensions: 96X173
  • Legal Addition: Nichols Hills Suburban TR
  • Mandatory Association Dues Yn: No
  • Mechanical Features: Garage Door Lift, Smoke Alarm
  • Oven Energy: Gas
  • Property Faces: North
  • Property Level: Two
  • Range Energy: Gas
  • Roof Year: 2021
  • School Junior High: John Marshall MS
  • Special Zoning District Yn: No
  • Storm Shelter: No
  • Third Party Comments: Yes
  • Year Built: 2021
  • Year Built Type: New Home
  • Special Features: NewHome

Interior Features

  • Floors: Tile, Wood
  • Fireplace Description: Masonry
  • Appliances: Dishwasher, Disposal
  • Fireplaces: 1
  • Total Bedrooms: 4
  • Total Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Living Areas: 2
  • Other Rooms: Bonus
  • Oven Type: Dbl Ovens
  • Range Type: Free Stand
  • Total Sq Ft: 4536

Exterior Features

  • Construction: Brick
  • Pool: No
  • Exterior Features: Covered Patio
  • Fence: Wood, All
  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Garage Capacity: 3
  • Garage Description: Attached

Utilities

  • Cooling System: Zoned Electric
  • Heat System: Zoned Gas
  • Utilities Available: Cable, Electric, Gas

Schools

  • Elementary School: Nichols Hills ES
  • High School: John Marshall HS

Lot Info

  • Acres: 0.3800
  • Land Sq Ft: 16553
  • Lot Description: Interior

Green Features

  • Energy: Double Glazed Windows

Tax Info

  • Tax Block: 116
  • Tax Lot: 000

MLS Schools

  • School District: Oklahoma City

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2021
Closed on
Dec 13, 2021
Sold by
Jcm Enterprises Llc
Bought by
Baber Usman and Baber Sarah
Seller's Agent
Laura Terlip
Covington Company
Buyer's Agent
Chuck Covington
Covington Company
List Price
$1,595,000
Sold Price
$1,550,000
Premium/Discount to List
-$45,000
-2.82%
Current Estimated Value
$1,712,296

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,296
Avg. Annual Appreciation
4.34%
Original Mortgage
$472,498
Outstanding Balance
$439,788
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$1,379,135

Purchase Details

Listed on
Jun 23, 2020
Closed on
Jul 30, 2020
Sold by
Thompson Cynthia L and The Cynthia L Thompson Revocab
Bought by
Jcm Enterprises Llc
Seller's Agent
Anne Covington
Covington Company
Buyer's Agent
Laura Terlip
Covington Company
List Price
$375,000
Sold Price
$325,000
Premium/Discount to List
-$50,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
212.76%
Original Mortgage
$905,996
Interest Rate
3.1%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 26, 2015
Sold by
Thompson Cynthia L
Bought by
Thompson Cynthia L and Thompson Cynthia L Revocable T

Purchase Details

Closed on
Jul 21, 2011
Sold by
Thompson Cynthia L
Bought by
Thompson Cynthia L and Thompson Revocable T Cynthia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
4.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2011
Sold by
Thompson Cynthia L
Bought by
Thompson Cynthia L and Thompson Revocable T Cynthia L

Purchase Details

Closed on
Sep 14, 2004
Sold by
Thompson Eric H
Bought by
Thompson Cynthia L
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
Baber Usman $1,550,000 Old Republic Title Co Of Ok
Jcm Enterprises Llc $325,000 Chicago Title Oklahoma Co
Thompson Cynthia L -- Stewart Abstract Title
Thompson Cynthia L -- Stewart Abstract & Title
Thompson Cynthia L -- Capitol Abstract & Title Com
Thompson Cynthia L -- Capitol Abstract & Title Co
Thompson Cynthia L -- None Available
Thompson Cynthia L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baber Usman $100,000
Open Baber Usman $472,498
Previous Owner Jcm Enterprises Llc $905,996
Previous Owner Thompson Cynthia L $135,000
Previous Owner Thompson Cynthia L $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2021 12/13/21 Sold $1,550,000 -2.8% $342 / Sq Ft
04/02/2021 04/02/21 Pending -- -- --
03/29/2021 03/29/21 For Sale $1,595,000 +390.8% $352 / Sq Ft
07/30/2020 07/30/20 Sold $325,000 -13.3% $131 / Sq Ft
06/23/2020 06/23/20 Pending -- -- --
06/23/2020 06/23/20 For Sale $375,000 -- $151 / 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 $18,374 $157,080 $31,000 $126,080
2023 $18,374 $149,600 $20,790 $128,810
2022 $19,855 $168,795 $20,790 $148,005
2021 $4,208 $35,750 $35,750 $0
2020 $4,111 $35,519 $4,324 $31,195
2019 $3,985 $34,484 $10,919 $23,565
2018 $3,685 $33,480 $0 $0
2017 $3,571 $32,504 $11,221 $21,283
2016 $3,466 $31,558 $10,658 $20,900
2015 $3,394 $30,638 $9,049 $21,589
2014 $3,272 $29,746 $8,335 $21,411
Source: Public Records

Agents Affiliated with this Home

  • Laura Terlip

    Seller's Agent in 2021

    Laura Terlip

    Covington Company

    (405) 834-0805

    53 in this area

    127 Total Sales

    Laura Terlip
    Section Image
  • Chuck Covington

    Buyer's Agent in 2021

    Chuck Covington

    Covington Company

    (405) 842-3809

    21 in this area

    51 Total Sales

    Chuck Covington
    Section Image

  • A

    Seller's Agent in 2020

    Anne Covington

    Covington Company

    (405) 808-9599

    2 in this area

    16 Total Sales

    Anne Covington
    Section Image
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Map

Source: MLSOK

MLS Number: 950993

MLSOK

APN: 087347300

Oklahoma Oklahoma County Oklahoma City 73116

2548 Somerset Place, Oklahoma City, OK

This home is located at 2548 Somerset Place, Oklahoma City, OK 73116 since 29 March 2021 and is currently estimated at $1,712,296, approximately $377 per square foot. This property was built in 2021. 2548 Somerset Place is a home located in Oklahoma County with nearby schools including Nichols Hills Elementary School, John Marshall Middle School, and John Marshall High School.

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