NOT LISTED FOR SALE

Estimated Value: $509,000 - $731,000

0.16 Acre
$3,938,312 Price per Acre
7,000 Sq Ft Lot

Last Sold August 12, 2016

Last sale price $118,750 $67 Per Sq Ft

Est. 431% increase in value since last sale

Current estimated payment $3,995/month

38 Days on Market

Highlights

  • Interior Lot
  • Lincoln Elementary School Rated A-
  • 1-minute walk to The Park At First Baptist Church Norman

About This Lot

As of August 2016

Vacant lot zoned R3 with both street & alley access. R3 zoning allows for multi-family construction. 5 blocks to University of OK and 1 block to downtown.

Last Listed By

John Lungren

Lungren Real Estate Listed on: 06/03/2016

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,601

Year Built

  • 1920

Lot Details

  • 7,000 Sq Ft Lot
  • Interior Lot
  • Finished Lot(s)

Listing and Financial Details

  • Legal Lot and Block 7 / 85

Property Details

Property Type

Land

Est. Annual Taxes

$5,601

Year Built

1920

Lot Details

0

Listing Details

  • Property Type: Vacant Land
  • Property Sub Type: Lot
  • Existing House Yn: No
  • Legal Addition: Original Town
  • Mobile Homes Allowed Yn: No
  • Subdivide Yn: No
  • Third Party Comments: No
  • Special Features: None
  • Year Built: 1920

Lot Info

  • Land Sq Ft: 7000
  • Lot Description: Campus Area, Interior
  • Mineral Rights: No
  • Zoning: Residential

Tax Info

  • Tax Block: 85
  • Tax Lot: 7

MLS Schools

  • School District: Cleveland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2016
Closed on
Aug 25, 2016
Sold by
Boomer Sooner Real Estate Llc
Bought by
Lungren John and Lungren Sherri
Seller's Agent
John Lungren
Lungren Real Estate
Buyer's Agent
John Lungren
Lungren Real Estate
List Price
$160,000
Sold Price
$118,750
Premium/Discount to List
-$41,250
-25.78%
Total Days on Market
38
Current Estimated Value
$630,130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$511,380
Avg. Annual Appreciation
21.16%
Original Mortgage
$410,000
Interest Rate
3.43%
Mortgage Type
Construction

Purchase Details

Listed on
Jun 3, 2016
Closed on
Aug 12, 2016
Sold by
Mccown Tamera and Mccown Randall
Bought by
Boomer Sooner Real Estate Llc
Seller's Agent
John Lungren
Lungren Real Estate
Buyer's Agent
John Lungren
Lungren Real Estate
List Price
$160,000
Sold Price
$118,750
Premium/Discount to List
-$41,250
-25.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
3.43%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 14, 2016
Sold by
Remy Dorella M
Bought by
Mccown Tamera and Mccown Randall

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
3.72%
Mortgage Type
Future Advance Clause Open End Mortgage

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
Lungren John -- None Available
Boomer Sooner Real Estate Llc $119,000 Cleveland County Asbstract C
Mccown Tamera $80,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lungren John $388,000
Closed Lungren John $410,000
Closed Lubgren John $410,000
Previous Owner Mccown Tamera $64,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2016 08/12/16 Sold $118,750 -25.8% $67 / Sq Ft
07/11/2016 07/11/16 Pending -- -- --
06/03/2016 06/03/16 For Sale $160,000 -- $90 / 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 $5,601 $47,759 $6,002 $41,757
2023 $5,448 $46,368 $5,986 $40,382
2022 $5,069 $45,018 $970 $44,048
2021 $5,184 $43,707 $985 $42,722
2020 $4,922 $42,434 $937 $41,497
2019 $4,856 $41,198 $910 $40,288
2018 $4,570 $39,998 $1,200 $38,798
2017 $143 $1,200 $0 $0
2016 $943 $7,824 $1,092 $6,732
2015 -- $7,452 $655 $6,797
2014 -- $7,098 $624 $6,474
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSOK

MLS Number: 731883

MLSOK

APN: R0024493