NOT LISTED FOR SALE

503 Hanging Elm Dr Norman, OK 73071

Northeast Norman Neighborhood

Estimated Value: $181,000 - $217,000

3 Beds
2 Baths
1,500 Sq Ft
$134/Sq Ft Est. Value

Last Sold September 01, 2022

Last sale price $160,000 $107 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $1,210/month

6 Days on Market

Highlights

  • Traditional Architecture
  • 2 Car Attached Garage
  • Tile Flooring
  • Jefferson Elementary School Rated A-
  • Interior Lot
  • 1-Story Property

About This Home

As of September 2022

INCREDIBLE INVESTMENT OPPORTUNITY AVAILABLE WITH THIS TERRIFIC HANDYMAN SPECIAL!!! This 3 bed, 2 bath Norman starter home features a CLASSIC CONTEMPORARY STYLE complete with an over-sized driveway, adult trees, and cute courtyard. Spacious living are with vaulted ceilings, updated tile flooring, LARGE STONE FIREPLACE, and FORMAL DINING SPACE. Functional kitchen with tile countertops, BIG PANTRY, and matching appliances. Bedrooms are all good-sized with PLENTY OF STORAGE SPACE AVAILABLE. GREAT BACKYARD WITH LARGE BACK PATIO. Roof updated 2021. Close to good schools with quick access to the highway and Tinker AFB. The home is being SOLD "AS-IS" and just needs a little TLC to make for a wonderful home!

Last Agent to Sell the Property

Wally Kerr

Kerr Team Real Estate Listed on: 08/05/2022

Co-Listed By

Scott Bacon

Kerr Team Real Estate

Last Buyer's Agent

Kevin Scoggin

eXp Realty, LLC

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,704

Year Built

  • Built in 1976

Lot Details

  • 8,712 Sq Ft Lot
  • Wood Fence
  • Interior Lot

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Stone

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property
  • Metal Fireplace
  • Tile Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Jefferson Elementary School
  • Longfellow Middle School
  • Norman North High School

Utilities

  • Heat Pump System

Listing and Financial Details

  • Legal Lot and Block 12 / 11

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,704

Year Built

Built in 1976

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Style: Traditional
  • Property Sub Type: Single Family
  • Dining Areas: 1
  • Handicap Yn: No
  • Inlaw Plan Yn: No
  • Legal Addition: Woodcrest Estates 6
  • Mandatory Association Dues Yn: No
  • Oven Energy: Electric
  • Property Level: One
  • Range Energy: Electric
  • Roof Year: 2021
  • School Junior High: Longfellow MS
  • Special Zoning District Yn: No
  • Storm Shelter: No
  • Third Party Comments: No
  • Year Built: 1976
  • Year Built Type: Existing
  • Special Features: None

Interior Features

  • Floors: Tile
  • Fireplace Description: Metal Insert
  • Appliances: Dishwasher
  • Interior Amenities: Paint Woodwork
  • Fireplaces: 1
  • Room Count: 7
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Living Areas: 1
  • Oven Type: Builtin
  • Range Type: Builtin
  • Total Sq Ft: 1500

Exterior Features

  • Construction: Frame, Stone
  • Pool: No
  • Exterior Features: None
  • Fence: Wood, All
  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Garage Capacity: 2
  • Garage Description: Attached
  • Parking: Concrete Drive

Utilities

  • Cooling System: Heat Pump
  • Heat System: Heat Pump
  • Utilities Available: Public Utilities

Schools

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

Lot Info

  • Acres: 0.2000
  • Land Sq Ft: 8712
  • Lot Description: Interior

Tax Info

  • Tax Block: 11
  • Tax Lot: 12

MLS Schools

  • School District: Norman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2022
Closed on
Sep 6, 2022
Sold by
Elizabeth Brown Rachel and Elizabeth Melvin Barry
Bought by
Gatlin Leah Helen
Seller's Agent
Wally Kerr
Kerr Team Real Estate
Buyer's Agent
Kevin Scoggin
eXp Realty, LLC
List Price
$160,000
Sold Price
$160,000
Total Days on Market
6
Views
12
Current Estimated Value
$201,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,327
Avg. Annual Appreciation
8.62%
Original Mortgage
$113,400
Outstanding Balance
$108,704
Interest Rate
4.75%
Mortgage Type
New Conventional
Estimated Equity
$92,623

Purchase Details

Listed on
Feb 7, 2014
Closed on
Apr 12, 2014
Sold by
Sullivan Adam R and Edwards Aloma F
Bought by
Brown Rachel Elizabeth and Hall Roger William
Seller's Agent
Tracey Veal
Metro Brokers Progressive
Buyer's Agent
Scott Bacon
Kerr Team Real Estate
List Price
$122,500
Sold Price
$123,000
Premium/Discount to List
$500
0.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.20%
Original Mortgage
$120,772
Interest Rate
4.36%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 12, 2011
Closed on
Feb 3, 2012
Sold by
Searle Travis E and Searle Travis Edward
Bought by
Sullivan Adam R and Edwards Aloma F
Seller's Agent
Steve Morren
Sterling Real Estate
Buyer's Agent
Tracey Veal
Metro Brokers Progressive
List Price
$115,000
Sold Price
$113,000
Premium/Discount to List
-$2,000
-1.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.91%
Original Mortgage
$110,135
Interest Rate
3.95%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 13, 2011
Sold by
Shannon Kathleen and Shannon Jeremy
Bought by
Sullivan Adam R and Edwards Aloma F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,135
Interest Rate
3.95%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 10, 2004
Sold by
Fry Connie L
Bought by
Searle Travis E and Searle Thomas-Searle, K
Source: Public Records

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Range of Values:

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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
Gatlin Leah Helen $162,000 1St Rate Title
Brown Rachel Elizabeth -- 1St Rate Title
Brown Rachel Elizabeth $123,000 None Available
Sullivan Adam R $56,500 None Available
Sullivan Adam R $56,500 None Available
Searle Travis E $104,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gatlin Leah Helen $113,400
Previous Owner Brown Rachel Elizabeth $116,653
Previous Owner Brown Rachel Elizabeth $120,772
Previous Owner Sullivan Adam R $110,135
Previous Owner Sullivan Adam R $5,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2022 09/01/22 Sold $160,000 0.0% $107 / Sq Ft
08/11/2022 08/11/22 Pending -- -- --
08/05/2022 08/05/22 For Sale $160,000 +30.1% $107 / Sq Ft
05/01/2014 05/01/14 Sold $123,000 +0.4% $82 / Sq Ft
03/25/2014 03/25/14 Pending -- -- --
02/07/2014 02/07/14 For Sale $122,500 +8.4% $82 / Sq Ft
02/15/2012 02/15/12 Sold $113,000 -1.7% $76 / Sq Ft
01/10/2012 01/10/12 Pending -- -- --
08/12/2011 08/12/11 For Sale $115,000 -- $77 / 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 $1,704 $14,224 $2,745 $11,479
2023 $1,628 $13,547 $3,000 $10,547
2022 $1,560 $13,547 $3,000 $10,547
2021 $1,646 $13,547 $3,000 $10,547
2020 $1,609 $13,547 $3,000 $10,547
2019 $1,638 $13,547 $3,000 $10,547
2018 $1,589 $13,548 $3,000 $10,548
2017 $1,606 $13,548 $0 $0
2016 $1,632 $13,548 $3,000 $10,548
2015 $1,582 $13,548 $3,000 $10,548
2014 $1,598 $13,548 $3,000 $10,548
Source: Public Records

Agents Affiliated with this Home

  • Wally Kerr

    Seller's Agent in 2022

    Wally Kerr

    Kerr Team Real Estate

    (405) 330-4000

    36 in this area

    625 Total Sales

    Wally Kerr
    Section Image

  • S

    Seller Co-Listing Agent in 2022

    Scott Bacon

    Kerr Team Real Estate

    (405) 589-0885

    19 in this area

    241 Total Sales

    Scott Bacon
    Section Image
  • Kevin Scoggin

    Buyer's Agent in 2022

    Kevin Scoggin

    eXp Realty, LLC

    16 in this area

    178 Total Sales

    Kevin Scoggin
    Section Image
  • Tracey Veal

    Seller's Agent in 2014

    Tracey Veal

    Metro Brokers Progressive

    (405) 833-5475

    9 in this area

    101 Total Sales

    Tracey Veal
    Section Image
  • Steve Morren

    Seller's Agent in 2012

    Steve Morren

    Sterling Real Estate

    (405) 250-3000

    56 in this area

    302 Total Sales

    Steve Morren
    Section Image
See All Agents

Map

Source: MLSOK

MLS Number: 1024374

MLSOK

APN: R0050651

Oklahoma Cleveland County Norman 73071 Northeast Norman

503 Hanging Elm Dr, Norman, OK

This home is located at 503 Hanging Elm Dr, Norman, OK 73071 since 05 August 2022 and is currently estimated at $201,327, approximately $134 per square foot. This property was built in 1976. 503 Hanging Elm Dr is a home located in Cleveland County with nearby schools including Jefferson Elementary School, Longfellow Middle School, and Norman North High School.

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