425 Summit Way Norman, OK 73071
Southeast Norman NeighborhoodEstimated Value: $382,000 - $396,483
4
Beds
2.5
Baths
2,435
Sq Ft
$160/Sq Ft
Est. Value
Highlights
- Dallas Architecture
- Covered patio or porch
- Cul-De-Sac
- Washington Elementary School Rated A-
- Separate Outdoor Workshop
- 3 Car Attached Garage
About This Home
As of February 2023Beautiful one owner home has been well loved & meticulously cared for! Located in very desirable Summit Lakes neighborhood with walking trails, parks and multiple lakes for fishing! Owner says this cul-de-sac has the best neighbors ever! Beautiful in ground pool with pool house surrounded by concrete so very little backyard to mow. Side entry 3 car garage has abundant overflow parking for families or parties & another workshop/storage building! Interior is immaculate! Large formal dining with large kitchen between another good size dining area close to backyard for grilling! Main bedroom has huge, huge en-suite shower, whirlpool tub, double sinks and massive walk-thru closet with built-ins! 2 bedrooms on opposite side of home have wonderful Jack & Jill shared tub/toilet area but each bedroom has its own private sink area! 4th bedroom is currently being used as an office space. Powder room up front for guests!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,206
Year Built
- Built in 2005
Lot Details
- 0.26 Acre Lot
- Cul-De-Sac
- Wood Fence
HOA Fees
- $33 Monthly HOA Fees
Parking
- 3 Car Attached Garage
- Garage Door Opener
- Driveway
- Additional Parking
Home Design
- Dallas Architecture
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
Interior Spaces
- 2,435 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Gas Log Fireplace
- Home Security System
- Laundry Room
Kitchen
- Built-In Oven
- Electric Oven
- Built-In Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
Outdoor Features
- Vinyl Pool
- Covered patio or porch
- Separate Outdoor Workshop
- Outbuilding
Schools
- Eisenhower Elementary School
- Longfellow Middle School
- Norman North High School
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 30 / 3
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 26, 2022
Closed on
Feb 8, 2023
Sold by
Cox Nancy D
Bought by
Gatton Charles Thomas and Gatton Ann
Seller's Agent
Tom Gotcher
Metro First Realty
Buyer's Agent
Melissa Wolfe
Whittington Realty LLC
List Price
$375,000
Sold Price
$362,500
Premium/Discount to List
-$12,500
-3.33%
Total Days on Market
22
Views
79
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,621
Avg. Annual Appreciation
0.79%
Original Mortgage
$212,500
Outstanding Balance
$206,973
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$162,127
Purchase Details
Listed on
Oct 26, 2022
Closed on
Jan 6, 2023
Sold by
Cox Ronnie E
Bought by
Cox Nancy D and Gatton Ann
Seller's Agent
Tom Gotcher
Metro First Realty
Buyer's Agent
Melissa Wolfe
Whittington Realty LLC
List Price
$375,000
Sold Price
$362,500
Premium/Discount to List
-$12,500
-3.33%
Views
79
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,500
Outstanding Balance
$206,973
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$162,127
Purchase Details
Closed on
Dec 7, 2005
Sold by
Sheridan Corp
Bought by
Cox Ron E and Cox Jan M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,100
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Dec 6, 2005
Sold by
Summit Lakes Llc
Bought by
Sheridan Corp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,100
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
May 31, 2005
Sold by
Westpoint Group Inc
Bought by
Sheridan Corp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.76%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Mar 31, 2005
Sold by
Sheridan Corp
Bought by
Westpoint Group Inc
Purchase Details
Closed on
Mar 25, 2005
Sold by
Summit Lakes Llc
Bought by
Sheridan Corp
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
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gatton Charles Thomas | -- | Chicago Title | |
| Cox Nancy D | $362,500 | Chicago Title | |
| Cox Ron E | $2,360,000 | None Available | |
| Sheridan Corp | -- | Allaicne Title Services | |
| Sheridan Corp | -- | None Available | |
| Westpoint Group Inc | -- | Aliance Title Services | |
| Sheridan Corp | $31,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gatton Charles Thomas | $212,500 | |
| Previous Owner | Cox Ronnie Eugene | $135,000 | |
| Previous Owner | Cox Ron E | $149,100 | |
| Previous Owner | Sheridan Corp | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/06/2023 02/06/23 | Sold | $362,500 | -2.0% | $149 / Sq Ft |
| 11/17/2022 11/17/22 | Pending | -- | -- | -- |
| 11/08/2022 11/08/22 | Price Changed | $369,900 | -1.4% | $152 / Sq Ft |
| 10/26/2022 10/26/22 | For Sale | $375,000 | -- | $154 / Sq Ft |
Source: MLSOK
Tax History Compared to Growth
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 | $5,206 | $43,474 | $6,486 | $36,988 |
| 2023 | $3,382 | $29,157 | $4,884 | $24,273 |
| 2022 | $3,145 | $28,307 | $4,742 | $23,565 |
| 2021 | $3,215 | $27,483 | $4,200 | $23,283 |
| 2020 | $3,146 | $27,483 | $4,200 | $23,283 |
| 2019 | $3,200 | $27,483 | $4,200 | $23,283 |
| 2018 | $3,103 | $27,483 | $4,200 | $23,283 |
| 2017 | $3,138 | $27,483 | $0 | $0 |
| 2016 | $3,190 | $27,483 | $4,200 | $23,283 |
| 2015 | $3,176 | $28,191 | $4,200 | $23,991 |
| 2014 | $3,190 | $28,048 | $4,179 | $23,869 |
Source: Public Records
Agents Affiliated with this Home
-
Tom Gotcher
Seller's Agent in 2023
Tom Gotcher
Metro First Realty
(405) 409-0073
1 in this area
53 Total Sales
-
Melissa Wolfe
Buyer's Agent in 2023
Melissa Wolfe
Whittington Realty LLC
(405) 802-3252
3 in this area
76 Total Sales
Map
Source: MLSOK
MLS Number: 1036523
APN: R0141390
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