503 Hanging Elm Dr Norman, OK 73071
Northeast Norman Neighborhood
3
Beds
2
Baths
1,500
Sq Ft
8,750
Sq Ft Lot
Highlights
- Contemporary Architecture
- 2 Car Attached Garage
- Open Patio
- Jefferson Elementary School Rated A-
- Interior Lot
- Tile Flooring
About This Home
As of September 2022Great contemporary home. Open & airy, lots of light. Flooring has been updated. Roof and some siding replaced due to storm in 2011. Quiet neighborhood. Inside utility room. Just repeated the interior. Nice stone fireplace.SELLER MOTIVATED!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,704
Year Built
- Built in 1976
Lot Details
- 8,750 Sq Ft Lot
- Wood Fence
- Interior Lot
Parking
- 2 Car Attached Garage
- Garage Door Opener
Home Design
- Contemporary Architecture
- Slab Foundation
- Composition Roof
- Stone
Interior Spaces
- 1,500 Sq Ft Home
- 1-Story Property
- Fireplace Features Masonry
- Washer
Kitchen
- Electric Oven
- Electric Range
- Free-Standing Range
- Dishwasher
- Disposal
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Open Patio
Utilities
- Central Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 12 / 11
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
46
Views
12
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
$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
Similar Homes in Norman, OK
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $162,000 | 1St Rate Title | |
| Warranty Deed | -- | 1St Rate Title | |
| Warranty Deed | $123,000 | None Available | |
| Warranty Deed | $56,500 | None Available | |
| Warranty Deed | $56,500 | None Available | |
| Warranty Deed | $104,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $113,400 | New Conventional | |
| Previous Owner | $116,653 | FHA | |
| Previous Owner | $120,772 | FHA | |
| Previous Owner | $110,135 | FHA | |
| Previous Owner | $5,000 | Stand Alone Second |
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
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
-
Scott Bacon
S
Seller Co-Listing Agent in 2022
Scott Bacon
Kerr Team Real Estate
(405) 589-0885
19 in this area
241 Total Sales
-
Kevin Scoggin
Buyer's Agent in 2022
Kevin Scoggin
eXp Realty, LLC
16 in this area
178 Total Sales
-
Tracey Veal
Seller's Agent in 2014
Tracey Veal
Metro Brokers Progressive
(405) 833-5475
9 in this area
101 Total Sales
-
Steve Morren
Seller's Agent in 2012
Steve Morren
Sterling Real Estate
(405) 250-3000
56 in this area
302 Total Sales
Map
Source: MLSOK
MLS Number: 543164
APN: R0050651
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