NOT LISTED FOR SALE

2901 Summit Terrace Dr Norman, OK 73071

Southeast Norman Neighborhood

Estimated Value: $295,000 - $350,000

4 Beds
2 Baths
1,800 Sq Ft
$175/Sq Ft Est. Value

Last Sold August 21, 2018

Last sale price $215,000 $119 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $2,022/month

28 Days on Market

Highlights

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

About This Home

As of August 2018

Enter the Addition off of Alameda in order to drive past the beautiful lakes and other important features. Shows like "NEW"! You are greeted by a large covered front porch and beautiful landscaping. Family room is spacious with a fireplace and is open to the Kitchen which features a large eating area. Study/4th bedroom, 2 bedrooms on the East side of the home with a full bath. Spacious Laundry room, large master bedroom with full bath and large master closet. 3 car garage is spacious and features a under ground storm shelter.
Nice backyard and patio.

You'll love the attention to detail throughout this home. Don't miss out as it won't last long!!!

Last Agent to Sell the Property

Tony Graham

Weichert Realtors Centennial Listed on: 06/25/2018

Weichert Realtors Centennial

Last Buyer's Agent

Terry Saxon

Saxon Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,270

Year Built

  • Built in 2013

Lot Details

  • 8,060 Sq Ft Lot
  • South Facing Home
  • Wood Fence
  • Interior Lot

HOA Fees

  • $30 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Driveway

Home Design

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

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Metal Fireplace
  • Laundry Room

Kitchen

  • Built-In Oven
  • Electric Oven
  • Built-In Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Covered Patio or Porch
  • Central Heating and Cooling System

Community Details

  • Association fees include greenbelt
  • Mandatory home owners association

Listing and Financial Details

  • Legal Lot and Block 06 / 03

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,270

Year Built

Built in 2013

Lot Details

0

HOA Fees

$30 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Style: Dallas, Traditional
  • Property Sub Type: Single Family
  • Association Fee Includes: Greenbelt
  • Handicap Yn: No
  • Inlaw Plan Yn: Yes
  • Land Dimensions: 127'x65' (mol)
  • Legal Addition: Summit Lakes 8
  • Mandatory Association Dues Yn: Yes
  • Oven Energy: Electric
  • Property Faces: South
  • Property Level: One
  • Range Energy: Electric
  • Roof Year: 2015
  • Section: 34
  • Special Zoning District Yn: No
  • Storm Shelter: Garage Floor, Yes
  • Third Party Comments: No
  • Year Built: 2013
  • Year Built Type: Existing
  • Special Features: None

Interior Features

  • Floors: Carpet, Tile
  • Fireplace Description: Metal Insert
  • Appliances: Dishwasher, Disposal, Microwave
  • Interior Amenities: Laundry Room
  • Fireplaces: 1
  • Room Count: 6
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Living Areas: 1
  • Oven Type: Builtin
  • Range Type: Builtin
  • Total Sq Ft: 1800

Exterior Features

  • Construction: Brick & Frame, Stucco
  • Pool: No
  • Exterior Features: Covered Patio, Covered Porch
  • Fence: Wood, All
  • Foundation: Slab
  • Roof: Heavy Comp

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association Fee: 363

Lot Info

  • Acres: 0.1900
  • Land Sq Ft: 8060
  • Lot Description: Interior

Tax Info

  • Tax Block: 03
  • Tax Lot: 06

MLS Schools

  • School District: Norman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2018
Closed on
Aug 21, 2018
Sold by
Brown Stewart A and Brown Sharon K
Bought by
Droscher Todd and Droscher Deborah
Seller's Agent
Tony Graham
Weichert Realtors Centennial
Buyer's Agent
Terry Saxon
Saxon Realty Group
List Price
$215,000
Sold Price
$215,000
Current Estimated Value
$315,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,551
Avg. Annual Appreciation
5.42%
Original Mortgage
$172,000
Outstanding Balance
$151,219
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$160,252

Purchase Details

Listed on
Jun 6, 2013
Closed on
Dec 19, 2013
Sold by
Legacy Homes Construction Llc
Bought by
Brown Stewart A and Brown Sharon K
Seller's Agent
Mahnaz Saadat-Partou
Dillard Cies Real Estate
Buyer's Agent
Tony Graham
Weichert Realtors Centennial
List Price
$198,000
Sold Price
$204,900
Premium/Discount to List
$6,900
3.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.04%
Original Mortgage
$104,900
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 6, 2013
Closed on
Dec 17, 2013
Sold by
Summit Lakes Llc
Bought by
Legacy Homes Construction Llc
Seller's Agent
Mahnaz Saadat-Partou
Dillard Cies Real Estate
Buyer's Agent
Tony Graham
Weichert Realtors Centennial
List Price
$198,000
Sold Price
$204,900
Premium/Discount to List
$6,900
3.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,900
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2012
Sold by
Summit Lakes Llc
Bought by
Legacy Homes Construction Llc
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
Droscher Todd $215,000 First American Title
Brown Stewart A $205,000 None Available
Legacy Homes Construction Llc -- None Available
Legacy Homes Construction Llc $39,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Droscher Deborah $17,000
Open Droscher Todd $172,000
Previous Owner Brown Stewart A $104,900
Previous Owner Legacy Homes Construction Llc $158,643
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2018 08/21/18 Sold $215,000 0.0% $119 / Sq Ft
07/23/2018 07/23/18 Pending -- -- --
06/25/2018 06/25/18 For Sale $215,000 +4.9% $119 / Sq Ft
12/20/2013 12/20/13 Sold $204,900 +3.5% $114 / Sq Ft
11/07/2013 11/07/13 Pending -- -- --
06/06/2013 06/06/13 For Sale $198,000 -- $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 $3,270 $27,308 $4,910 $22,398
2023 $3,123 $26,007 $5,294 $20,713
2022 $2,853 $24,769 $5,039 $19,730
2021 $2,863 $23,589 $4,200 $19,389
2020 $2,801 $23,589 $4,200 $19,389
2019 $2,851 $23,589 $4,200 $19,389
2018 $2,646 $23,590 $4,200 $19,390
2017 $2,677 $23,590 $0 $0
2016 $2,720 $23,590 $4,200 $19,390
2015 -- $23,788 $4,200 $19,588
2014 -- $23,757 $4,740 $19,017
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    Tony Graham

    Weichert Realtors Centennial

    (405) 740-2034

    10 in this area

    58 Total Sales

    Tony Graham
    Section Image
  • Terry Saxon

    Buyer's Agent in 2018

    Terry Saxon

    Saxon Realty Group

    (405) 361-3380

    16 in this area

    280 Total Sales

    Terry Saxon
    Section Image
  • Mahnaz Saadat-Partou

    Seller's Agent in 2013

    Mahnaz Saadat-Partou

    Dillard Cies Real Estate

    (405) 979-7462

    53 in this area

    62 Total Sales

    Mahnaz Saadat-Partou
    Section Image
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Map

Source: MLSOK

MLS Number: 825482

MLSOK

APN: R0165993

Oklahoma Cleveland County Norman 73071 Southeast Norman

2901 Summit Terrace Dr, Norman, OK

This home is located at 2901 Summit Terrace Dr, Norman, OK 73071 since 25 June 2018 and is currently estimated at $315,551, approximately $175 per square foot. This property was built in 2013. 2901 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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