NOT LISTED FOR SALE

425 Summit Way Norman, OK 73071

Southeast Norman Neighborhood

Estimated Value: $384,000 - $393,000

4 Beds
2.5 Baths
2,435 Sq Ft
$159/Sq Ft Est. Value

Last Sold February 06, 2023

Last sale price $362,500 $149 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,494/month

22 Days on Market

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 2023

Beautiful 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!

Last Agent to Sell the Property

Tom Gotcher

Metro First Realty Listed on: 10/26/2022

Metro First Realty

Last Buyer's Agent

Melissa Wolfe

Whittington Realty LLC

Whittington Realty LLC

Home Details

Home Type

  • Single Family

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

Home Details

Home Type

Single Family

Year Built

Built in 2005

Lot Details

0

HOA Fees

$33 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Style: Dallas
  • Property Sub Type: Single Family
  • Association Fee Includes: Greenbelt
  • Inlaw Plan Yn: Yes
  • Legal Addition: Summit Lakes 6
  • Mandatory Association Dues Yn: Yes
  • Mechanical Features: Garage Door Lift, Security System
  • Oven Energy: Electric
  • Property Level: One
  • Range Energy: Electric
  • School Junior High: Longfellow MS
  • Special Zoning District Yn: No
  • Storm Shelter: No
  • Third Party Comments: No
  • Year Built: 2005
  • Year Built Type: Existing
  • Special Features: None

Interior Features

  • Floors: Carpet, Tile
  • Fireplace Description: Gas Logs
  • Appliances: Dishwasher, Disposal, Microwave
  • Interior Amenities: Ceiling Fan, Laundry Room
  • Fireplaces: 1
  • Total Bedrooms: 4
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Oven Type: Builtin
  • Range Type: Builtin
  • Total Sq Ft: 2435

Exterior Features

  • Construction: Brick
  • Pool Type: Vinyl Lined
  • Pool: No
  • Exterior Features: Covered Porch, Outbuildings, Workshop
  • Fence: Wood, All
  • Foundation: Slab
  • Roof: Composition

Garage/Parking

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

Utilities

  • Cooling System: Central Elec
  • Heat System: Central Gas
  • Utilities Available: Cable, Electric, Gas, Public Utilities

Condo/Co-op/Association

  • Association Fee: 399

Schools

  • Elementary School: Eisenhower ES
  • High School: Norman North HS

Lot Info

  • Acres: 0.2600
  • Land Sq Ft: 11326
  • Lot Description: Cul-de-Sac

Tax Info

  • Tax Block: 3
  • Tax Lot: 30

MLS Schools

  • School District: Norman

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%
Views
79
Current Estimated Value
$386,998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,498
Avg. Annual Appreciation
2.30%
Original Mortgage
$212,500
Outstanding Balance
$205,539
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$181,459

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
$205,539
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$181,459

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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 Ron E $149,100
Previous Owner Sheridan Corp $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $5,206 $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

    50 Total Sales

    Tom Gotcher
    Section Image
  • Melissa Wolfe

    Buyer's Agent in 2023

    Melissa Wolfe

    Whittington Realty LLC

    (405) 802-3252

    3 in this area

    81 Total Sales

    Melissa Wolfe
    Section Image
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Map

Source: MLSOK

MLS Number: 1036523

MLSOK

APN: R0141390

Oklahoma Cleveland County Norman 73071 Southeast Norman

425 Summit Way, Norman, OK

Not Listed for Sale

Detached

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