NOT LISTED FOR SALE

2705 Summit Terrace Dr Norman, OK 73071

Southeast Norman Neighborhood

Estimated Value: $278,000 - $318,000

4 Beds
2 Baths
1,801 Sq Ft
$165/Sq Ft Est. Value

Last Sold July 06, 2018

Last sale price $219,000 $122 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,908/month

37 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Covered Patio or Porch
  • Washington Elementary School Rated A-
  • Whirlpool Bathtub
  • 3 Car Attached Garage

About This Home

As of July 2018

The second you walk into this fabulous home you'll be hooked! The dark, rich hardwood floor & stacked stone fireplace in the living room are warm & inviting. And the outstanding kitchen w/ its matching stainless appliances, beautiful granite counters, & unique backsplash, is perfect for preparing those special meals & holiday dinners. Soak your cares away in the deep, jetted tub after a long, hard day, & get your best night's sleep ever in the private master suite. Or start your day with an invigorating shower. And the 10x7 master closet is begging you to go shopping & fill it up. And on top of that, it leads directly into the laundry room. Two guest bedrooms & a guest bathroom are on the opposite side of the house so everyone has their own space & privacy, while the study (or 4th bedroom if you prefer) has gorgeous bay windows & is connected to the rest of the house through beautiful French doors. And the covered patio is waiting for you to break out grill & invite the neighbors over.

Last Agent to Sell the Property

LaNell White

McGraw Davisson Stewart LLC Listed on: 04/28/2018

Last Buyer's Agent

Zandrea Waldenville

Meraki Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,137

Year Built

  • Built in 2014

Lot Details

  • 8,429 Sq Ft Lot
  • South Facing Home
  • Wood Fence
  • Interior Lot
  • Sprinkler System

HOA Fees

  • $28 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

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

Interior Spaces

  • 1,801 Sq Ft Home
  • 1-Story Property
  • Gas Log Fireplace
  • Double Pane Windows
  • Window Treatments
  • Utility Room with Study Area
  • Inside Utility

Kitchen

  • Gas Oven
  • Gas Range
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Wood Stained Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Washer and Dryer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Association fees include greenbelt
  • Mandatory home owners association

Listing and Financial Details

  • Legal Lot and Block 3 / 4

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,137

Year Built

Built in 2014

Lot Details

0

HOA Fees

$28 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Style: Traditional
  • Property Sub Type: Single Family
  • Senior Community: No
  • Association Fee Includes: Greenbelt
  • Dining Areas: 1
  • Inlaw Plan Yn: Yes
  • Legal Addition: Summit Lakes 8
  • Mandatory Association Dues Yn: Yes
  • Mechanical Features: Garage Door Lift, Security System, Smoke Alarm, Underground Sprinkler
  • Oven Energy: Gas
  • Property Faces: South
  • Property Level: One
  • Range Energy: Gas
  • Roof Year: 2014
  • Special Zoning District Yn: No
  • Storm Shelter: No
  • Third Party Comments: No
  • Year Built: 2014
  • Year Built Type: Existing
  • Special Features: None

Interior Features

  • Floors: Carpet, Tile, Wood
  • Fireplace Description: Gas Logs
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Washer/Dryer
  • Interior Amenities: Laundry Room, Stained Wood, Whirlpool, Window Treatment
  • Fireplaces: 1
  • Room Count: 8
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Living Areas: 1
  • Other Rooms: Inside Utility, Study
  • Oven Type: Free Stand
  • Range Type: Free Stand
  • Total Sq Ft: 1801

Exterior Features

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

Garage/Parking

  • Garage Capacity: 3
  • Garage Description: Attached
  • Parking: Concrete Drive

Utilities

  • Cooling System: Central Elec
  • Heat System: Central Gas
  • Utilities Available: Cable, Public Utilities

Condo/Co-op/Association

  • Association Fee: 330

Lot Info

  • Acres: 0.1900
  • Land Sq Ft: 8429
  • Lot Description: Interior

Green Features

  • Energy: Double Glazed Windows

Tax Info

  • Tax Block: 4
  • Tax Lot: 3

MLS Schools

  • School District: Norman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2022
Sold by
Gerkins Timothy C
Bought by
Gerkins Timothy C and Skelton Gina Lane
Current Estimated Value
$297,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,615
Interest Rate
3.09%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 16, 2020
Sold by
Gerkins Timothy C
Bought by
Gerkins Timothy C and Olsen Wendy Lynne

Purchase Details

Listed on
Apr 28, 2018
Closed on
Jun 29, 2018
Sold by
Johnson Janeen M
Bought by
Gerkins Timothy C and Gerkins Katherine M
Seller's Agent
LaNell White
McGraw Davisson Stewart LLC
Buyer's Agent
Zandrea Waldenville
Meraki Real Estate
List Price
$219,000
Sold Price
$219,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.16%
Original Mortgage
$215,033
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 2, 2015
Closed on
Jul 30, 2015
Sold by
First Oklahoma Construction Inc
Bought by
Johnson Janeen M
Seller's Agent
Mahnaz Saadat-Partou
Dillard Cies Real Estate
Buyer's Agent
LaNell White
McGraw Davisson Stewart LLC
List Price
$204,900
Sold Price
$205,900
Premium/Discount to List
$1,000
0.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.12%
Original Mortgage
$212,694
Interest Rate
4.07%
Mortgage Type
VA

Purchase Details

Listed on
Jan 2, 2015
Closed on
Jul 28, 2015
Sold by
Summit Lakes Llc
Bought by
First Oklahoma Construction Inc
Seller's Agent
Mahnaz Saadat-Partou
Dillard Cies Real Estate
Buyer's Agent
LaNell White
McGraw Davisson Stewart LLC
List Price
$204,900
Sold Price
$205,900
Premium/Discount to List
$1,000
0.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,694
Interest Rate
4.07%
Mortgage Type
VA

Purchase Details

Closed on
Feb 6, 2014
Sold by
Summit Lakes L L C
Bought by
First Oklahoma Construction Inc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Gerkins Timothy C -- None Listed On Document
Gerkins Timothy C -- None Listed On Document
Gerkins Timothy C -- None Listed On Document
Gerkins Timothy C -- None Listed On Document
Gerkins Timothy C $219,000 First American Title
Johnson Janeen M $206,000 Cleveland County Abstract Co
First Oklahoma Construction Inc -- None Available
First Oklahoma Construction Inc $28,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gerkins Timothy C $208,615
Previous Owner Gerkins Timothy C $215,033
Previous Owner Johnson Janeen M $212,694
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2018 07/06/18 Sold $219,000 0.0% $122 / Sq Ft
06/04/2018 06/04/18 Pending -- -- --
04/28/2018 04/28/18 For Sale $219,000 +6.4% $122 / Sq Ft
07/30/2015 07/30/15 Sold $205,900 +0.5% $114 / Sq Ft
06/26/2015 06/26/15 Pending -- -- --
01/02/2015 01/02/15 For Sale $204,900 -- $114 / 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 $3,137 $27,188 $4,977 $22,211
2023 $3,049 $26,396 $5,495 $20,901
2022 $2,836 $25,627 $5,335 $20,292
2021 $2,899 $24,881 $4,200 $20,681
2020 $2,837 $24,881 $4,200 $20,681
2019 $2,885 $24,881 $4,200 $20,681
2018 $2,721 $23,217 $4,200 $19,017
2017 $2,751 $23,217 $0 $0
2016 $2,797 $23,217 $4,200 $19,017
2015 -- $9,509 $371 $9,138
2014 -- $371 $371 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    LaNell White

    McGraw Davisson Stewart LLC

    Section Image
  • Zandrea Waldenville

    Buyer's Agent in 2018

    Zandrea Waldenville

    Meraki Real Estate

    (405) 401-0448

    36 in this area

    332 Total Sales

    Zandrea Waldenville
    Section Image
  • Mahnaz Saadat-Partou

    Seller's Agent in 2015

    Mahnaz Saadat-Partou

    Dillard Cies Real Estate

    (405) 979-7462

    53 in this area

    62 Total Sales

    Mahnaz Saadat-Partou
    Section Image
See All Agents

Map

Source: MLSOK

MLS Number: 817390

MLSOK

APN: R0166001

Oklahoma Cleveland County Norman 73071 Southeast Norman

2705 Summit Terrace Dr, Norman, OK

This home is located at 2705 Summit Terrace Dr, Norman, OK 73071 since 28 April 2018 and is currently estimated at $297,157, approximately $164 per square foot. This property was built in 2014. 2705 Summit Terrace Dr is a home located in Cleveland County with nearby schools including Washington Elementary School, Irving Middle School, and Norman High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSOK IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market.
Copyright 2025 MLSOK, Inc. All rights reserved.

Nearby Homes