NOT LISTED FOR SALE

2805 Summit Terrace Dr Norman, OK 73071

Southeast Norman Neighborhood

Estimated Value: $272,000 - $294,000

3 Beds
2 Baths
1,531 Sq Ft
$184/Sq Ft Est. Value

Last Sold March 24, 2023

Last sale price $260,000 $170 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,862/month

2 Days on Market

Highlights

  • Traditional Architecture
  • Covered Patio or Porch
  • Interior Lot
  • Washington Elementary School Rated A-
  • 2 Car Attached Garage
  • Home Security System

About This Home

As of March 2023

****MULTIPLE OFFERS** Sellers are requesting final and best by Monday at 7pm. Sellers will decide at 730pm Monday. Welcome home to this 3 bed, 2 bath home in the sought after Summit Lakes Addition. As you walk into the home you will be greeted by the warm and elegant woodwork, tall ceilings and crown molding in the large living area with a show stopping fire place. The kitchen is functional yet stunning featuring beautiful granite and cabinets. Home has a large main bedroom and spacious main bathroom that includes double vanity, jetted tub, tile shower and TWO WALK IN CLOSETS! Spare bathroom also includes granite. Walk out the back door and find a perfectly sized patio for entertaining or relaxing and enjoying your large back yard. With only one owner, this home has been very well maintained. Don't miss out on the opportunity to own this home! Buyer to verify all information.

Last Agent to Sell the Property

Melissa Murchison

MK Partners INC Listed on: 02/26/2023

Last Buyer's Agent

Cindi Tuccillo

Metro Brokers of Ok Connect

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,686

Year Built

  • Built in 2014

Lot Details

  • 9,975 Sq Ft Lot
  • Wood Fence
  • Interior Lot

HOA Fees

  • $33 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

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

Interior Spaces

  • 1,531 Sq Ft Home
  • 1-Story Property
  • Gas Log Fireplace
  • Home Security System

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Washington Elementary School
  • Irving Middle School
  • Norman High School

Additional Features

  • Covered Patio or Porch
  • Central Heating and Cooling System

Community Details

  • Association fees include greenbelt, maintenance common areas
  • Mandatory home owners association

Listing and Financial Details

  • Legal Lot and Block 10 / 3

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,686

Year Built

Built in 2014

Lot Details

0

HOA Fees

$33 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Style: Traditional
  • Property Sub Type: Single Family
  • Association Fee Includes: Greenbelt, Maintenance Common Areas
  • Dining Areas: 1
  • Legal Addition: Summit Lakes 8
  • Mandatory Association Dues Yn: Yes
  • Mechanical Features: Security System
  • Property Level: One
  • School Junior High: Irving MS
  • Special Zoning District Yn: No
  • Storm Shelter: No
  • Third Party Comments: No
  • Year Built: 2014
  • Special Features: None

Interior Features

  • Fireplace Description: Gas Logs
  • Fireplaces: 1
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Living Areas: 1
  • Total Sq Ft: 1531

Exterior Features

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

Garage/Parking

  • Garage Capacity: 2
  • Garage Description: Attached
  • Parking: Concrete Drive

Utilities

  • Cooling System: Central Elec
  • Heat System: Central Gas

Condo/Co-op/Association

  • Association Fee: 399

Schools

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

Lot Info

  • Acres: 0.2290
  • Land Sq Ft: 9975
  • Lot Description: Interior

Tax Info

  • Tax Block: 3
  • Tax Lot: 10

MLS Schools

  • School District: Norman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2023
Closed on
Apr 4, 2023
Sold by
Weidman Mark and Weidman Kathy
Bought by
Sutter Terese A
Seller's Agent
Melissa Murchison
MK Partners INC
Buyer's Agent
Cindi Tuccillo
Metro Brokers of Ok Connect
List Price
$240,000
Sold Price
$260,000
Premium/Discount to List
$20,000
8.33%
Views
26
Current Estimated Value
$279,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,376
Avg. Annual Appreciation
2.43%
Original Mortgage
$175,000
Outstanding Balance
$170,821
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$104,617

Purchase Details

Listed on
Jan 24, 2014
Closed on
Jan 2, 2015
Sold by
Florida Construction Inc
Bought by
Weidman Mark and Weidman Kathy
Seller's Agent
Mahnaz Saadat-Partou
Dillard Cies Real Estate
Buyer's Agent
Non MLS Member
List Price
$173,000
Sold Price
$173,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.07%
Original Mortgage
$169,866
Interest Rate
4.01%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 24, 2014
Closed on
Dec 30, 2014
Sold by
Summit Lakes Llc
Bought by
Florida Construction Inc
Seller's Agent
Mahnaz Saadat-Partou
Dillard Cies Real Estate
Buyer's Agent
Non MLS Member
List Price
$173,000
Sold Price
$173,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,866
Interest Rate
4.01%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 22, 2013
Sold by
Summit Lakes L L C
Bought by
Florida Construction Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,200
Interest Rate
3.94%
Mortgage Type
Construction
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
Sutter Terese A $260,000 First American Title
Weidman Mark $173,000 Cleveland County Abstract Co
Florida Construction Inc -- None Available
Florida Construction Inc $28,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sutter Terese A $175,000
Previous Owner Weidman Mark $169,866
Previous Owner Florida Construction Inc $133,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2023 03/24/23 Sold $260,000 +8.3% $170 / Sq Ft
02/28/2023 02/28/23 Pending -- -- --
02/26/2023 02/26/23 For Sale $240,000 +38.7% $157 / Sq Ft
01/02/2015 01/02/15 Sold $173,000 0.0% $113 / Sq Ft
11/20/2014 11/20/14 Pending -- -- --
01/24/2014 01/24/14 For Sale $173,000 -- $113 / 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 $3,686 $30,782 $6,509 $24,273
2023 $2,785 $23,191 $5,616 $17,575
2022 $2,544 $22,087 $5,348 $16,739
2021 $2,554 $21,035 $4,200 $16,835
2020 $2,499 $21,035 $4,200 $16,835
2019 $2,541 $21,035 $4,200 $16,835
2018 $2,465 $21,036 $4,200 $16,836
2017 $2,491 $21,036 $0 $0
2016 $2,534 $21,036 $4,200 $16,836
2015 -- $8,832 $371 $8,461
2014 -- $371 $371 $0
Source: Public Records

Agents Affiliated with this Home

  • Melissa Murchison

    Seller's Agent in 2023

    Melissa Murchison

    MK Partners INC

    (405) 308-5251

    5 in this area

    83 Total Sales

    Section Image

  • C

    Buyer's Agent in 2023

    Cindi Tuccillo

    Metro Brokers of Ok Connect

    (661) 816-1003

    1 in this area

    10 Total Sales

    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

    Section Image

  • N

    Buyer's Agent in 2015

    Non MLS Member

See All Agents

Map

Source: MLSOK

MLS Number: 1048480

MLSOK

APN: R0165997

Oklahoma Cleveland County Norman 73071 Southeast Norman

2805 Summit Terrace Dr, Norman, OK

This home is located at 2805 Summit Terrace Dr, Norman, OK 73071 since 26 February 2023 and is currently estimated at $281,023, approximately $183 per square foot. This property was built in 2014. 2805 Summit Terrace Dr is a home located in Cleveland County with nearby schools including Washington Elementary School, Irving Middle School, and Norman High School.

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