NOT LISTED FOR SALE

2817 Summit Terrace Dr Norman, OK 73071

Southeast Norman Neighborhood

Estimated Value: $291,000 - $307,000

4 Beds
2 Baths
1,741 Sq Ft
$173/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $235,000 $135 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,978/month

2 Days on Market

Highlights

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

About This Home

As of August 2021

Come take a look at this home located in the beautiful Summit Lakes addition. The subdivision features a few ponds, side walks, and a large playground. The home itself welcomes you starting with the covered patio area and large entry way. When you step inside there are wood floors in the common areas, tile in the utility and bathrooms, and carpet in the bedrooms. This home features a split floor plan and has a 4th bedroom that could double as an office, if desired. The living room has a fireplace with gas logs to create that cozy feel on colder nights. Since the floor plan is open concept you won't miss a beat! There is an island with counter height seating, a dining room that can accommodate a 4-6 person table and an oversized pantry. The main bedroom connects to a large bathroom and walk-in closet. The garage has plenty of room for all of those odds and ends. Relax on the covered patio or watch the sunset fall off on the horizon and know that you finally found "home".

Last Agent to Sell the Property

Meghan Groff

Listed on: 07/07/2021

Co-Listed By

Megan Bunger

AIM Real Estate LLC

Last Buyer's Agent

Cristal Escobar

Escobar Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,685

Year Built

  • Built in 2014

Lot Details

  • 7,597 Sq Ft Lot
  • South Facing Home
  • Wood Fence
  • Interior Lot

HOA Fees

  • $30 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Brick Frame
  • Composition Roof

Interior Spaces

  • 1,741 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 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 maintenance common areas
  • Mandatory home owners association

Listing and Financial Details

  • Legal Lot and Block 7 / 3

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,685

Year Built

Built in 2014

Lot Details

0

HOA Fees

$30 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Style: Traditional
  • Property Sub Type: Single Family
  • Senior Community: No
  • Association Fee Includes: Maintenance Common Areas
  • Dining Areas: 1
  • Handicap Yn: No
  • Inlaw Plan Yn: Yes
  • Legal Addition: Summit Lakes 8
  • Mandatory Association Dues Yn: Yes
  • Mechanical Features: Garage Door Lift, Smoke Alarm
  • Oven Energy: Electric
  • Property Faces: South
  • Property Level: One
  • Range Energy: Gas
  • School Junior High: Irving MS
  • Special Zoning District Yn: No
  • Storm Shelter: Garage Floor
  • 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
  • Interior Amenities: Ceiling Fan, Laundry Room
  • Fireplaces: 1
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Living Areas: 1
  • Oven Type: Free Stand
  • Range Type: Free Stand
  • Total Sq Ft: 1741

Exterior Features

  • Construction: Brick & Frame
  • 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: Electric, Gas, Public Utilities

Condo/Co-op/Association

  • Association Fee: 360

Schools

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

Lot Info

  • Acres: 0.1744
  • Land Sq Ft: 7597
  • Lot Description: Interior

Tax Info

  • Tax Block: 3
  • Tax Lot: 7

MLS Schools

  • School District: Norman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2021
Closed on
Aug 31, 2021
Sold by
Wilson Michelle D
Bought by
Velasquez Adrian C and Castillo Sauk Delgado
Seller's Agent
Meghan Groff
Buyer's Agent
Cristal Escobar
Escobar Realty
List Price
$230,000
Sold Price
$235,000
Premium/Discount to List
$5,000
2.17%
Current Estimated Value
$301,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,246
Avg. Annual Appreciation
6.46%
Original Mortgage
$230,743
Outstanding Balance
$211,951
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$89,295

Purchase Details

Listed on
Jun 24, 2013
Closed on
Apr 1, 2014
Sold by
Skyridge Homes Inc
Bought by
Wilson Michelle D
Seller's Agent
Mahnaz Saadat-Partou
Dillard Cies Real Estate
Buyer's Agent
Mahnaz Saadat-Partou
Dillard Cies Real Estate
List Price
$197,670
Sold Price
$203,900
Premium/Discount to List
$6,230
3.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.93%
Original Mortgage
$155,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 24, 2013
Closed on
Mar 31, 2014
Sold by
Summit Lakes Llc
Bought by
Skyridge Homes Inc
Seller's Agent
Mahnaz Saadat-Partou
Dillard Cies Real Estate
Buyer's Agent
Mahnaz Saadat-Partou
Dillard Cies Real Estate
List Price
$197,670
Sold Price
$203,900
Premium/Discount to List
$6,230
3.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2013
Sold by
Summit Lakes Llc
Bought by
Skyridge Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
3.34%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Velasquez Adrian C $235,000 Chicago Title Oklahoma Co
Wilson Michelle D $204,000 None Available
Skyridge Homes Inc -- None Available
Skyridge Homes Inc $26,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velasquez Adrian C $230,743
Previous Owner Wilson Michael E D $164,000
Previous Owner Wilson Michelle D $155,000
Previous Owner Skyridge Homes Inc $184,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2021 08/31/21 Sold $235,000 +2.2% $135 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
07/07/2021 07/07/21 For Sale $230,000 +12.8% $132 / Sq Ft
04/02/2014 04/02/14 Sold $203,900 +3.2% $113 / Sq Ft
03/04/2014 03/04/14 Pending -- -- --
06/24/2013 06/24/13 For Sale $197,670 -- $110 / 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 $3,685 $30,762 $5,491 $25,271
2023 $3,518 $29,297 $5,969 $23,328
2022 $3,374 $29,297 $5,969 $23,328
2021 $2,818 $23,212 $4,200 $19,012
2020 $2,757 $23,212 $4,200 $19,012
2019 $2,805 $23,212 $4,200 $19,012
2018 $2,721 $23,212 $4,200 $19,012
2017 $2,751 $23,212 $0 $0
2016 $2,796 $23,212 $4,200 $19,012
2015 -- $23,212 $4,200 $19,012
2014 -- $371 $371 $0
Source: Public Records

Agents Affiliated with this Home

  • Meghan Groff

    Seller's Agent in 2021

    Meghan Groff

    (405) 371-9323

    6 in this area

    298 Total Sales

    Section Image

  • M

    Seller Co-Listing Agent in 2021

    Megan Bunger

    AIM Real Estate LLC

    Section Image
  • Cristal Escobar

    Buyer's Agent in 2021

    Cristal Escobar

    Escobar Realty

    (405) 933-8604

    6 in this area

    184 Total Sales

    Section Image
  • Mahnaz Saadat-Partou

    Seller's Agent in 2014

    Mahnaz Saadat-Partou

    Dillard Cies Real Estate

    (405) 979-7462

    53 in this area

    62 Total Sales

    Section Image
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Map

Source: MLSOK

MLS Number: 965372

MLSOK

APN: R0165994

Oklahoma Cleveland County Norman 73071 Southeast Norman

2817 Summit Terrace Dr, Norman, OK

This home is located at 2817 Summit Terrace Dr, Norman, OK 73071 since 07 July 2021 and is currently estimated at $301,246, approximately $173 per square foot. This property was built in 2014. 2817 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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