NOT LISTED FOR SALE

Estimated Value: $302,331 - $337,000

4 Beds
2 Baths
1,877 Sq Ft
$171/Sq Ft Est. Value

Last Sold July 28, 2014

Last sale price $193,000 $103 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $2,065/month

42 Days on Market

Highlights

  • Dallas Architecture
  • Wood Flooring
  • Covered patio or porch
  • Washington Elementary School Rated A-
  • Whirlpool Bathtub
  • Cul-De-Sac

About This Home

As of July 2014

Gorgeous nearly new construction on quiet cul de sac in back of Summit lakes close to ponds. Home features picturesque covered front porch with stone accents as well as covered back patio. Split bedroom plan with 4th bed/study option at front of home. Enormous master closet with entry directly into utility room & kitchen with two pantries!

Last Listed By

Wendy Foreman

eXp Realty, LLC Listed on: 05/07/2014

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,980

Year Built

  • Built in 2009

Lot Details

  • 9,583 Sq Ft Lot
  • Cul-De-Sac
  • Interior Lot
  • Sprinkler System

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Dallas Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Tilt Up Walls
  • Brick Frame
  • Frame Construction
  • Architectural Shingle Roof
  • Steel Beams
  • Pre-Cast Concrete Construction
  • Stone Veneer

Interior Spaces

  • 1,877 Sq Ft Home
  • 1-Story Property
  • Self Contained Fireplace Unit Or Insert
  • Gas Log Fireplace
  • Double Pane Windows
  • Window Treatments
  • Utility Room with Study Area
  • Inside Utility

Kitchen

  • Electric Range
  • Free-Standing Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Whirlpool Bathtub

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Covered patio or porch

Utilities

  • Central Heating and Cooling System
  • Municipal Trash
  • Cable TV Available

Community Details

  • Association fees include maintenance
  • Mandatory home owners association

Listing and Financial Details

  • Legal Lot and Block 15 / 3

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,980

Year Built

Built in 2009

Lot Details

0

HOA Fees

$25 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Style: Dallas
  • Property Sub Type: Single Family
  • Association Fee Includes: Maintenance
  • Inlaw Plan Yn: Yes
  • Legal Addition: SUMMIT LAKES 7
  • Mandatory Association Dues Yn: Yes
  • Mechanical Features: Garage Door Lift, Security System, Smoke Alarm, Underground Sprinkler
  • Property Level: One
  • Range Energy: Electric
  • Section: 34
  • Stories: 1.0000
  • Year Built: 2009
  • Special Features: None

Interior Features

  • Floors: Carpet, Tile, Wood
  • Fireplace Description: Gas Logs
  • Appliances: Dishwasher, Microwave
  • Interior Amenities: Whirlpool, Window Treatment
  • Fireplaces: 1
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Living Areas: 1
  • Other Rooms: Inside Utility, Study
  • Range Type: Free Stand
  • Total Sq Ft: 1877

Exterior Features

  • Construction: Brick, Brick & Frame, Concrete, Frame, Steel, Tilt Up, Veneer
  • Exterior Features: Covered Patio, Covered Porch
  • Fence: Other
  • Fenced: Yes
  • Foundation: Slab
  • Roof: Architectual Shingle

Garage/Parking

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

Utilities

  • Cooling System: Central Elec
  • Garbage: Public
  • Gas: Natural
  • Heat System: Central Gas
  • Utilities Available: Cable, Gas, Public Utilities
  • Water: Public

Condo/Co-op/Association

  • Association Fee: 300

Lot Info

  • Acres: 0.2200
  • Land Sq Ft: 9583
  • Lot Description: Cul-de-Sac, Interior

Green Features

  • Energy: Double Glazed Windows, Fireplace Insert

Tax Info

  • Tax Block: 3
  • Tax Lot: 15

MLS Schools

  • School District: Norman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2014
Closed on
Jul 23, 2014
Sold by
Rhoads Kevin A and Rhoads Deborah
Bought by
Busma Wayne R and Busma Vicky L
Seller's Agent
Wendy Foreman
eXp Realty, LLC
Buyer's Agent
Andy Newman
Community Real Estate
List Price
$200,000
Sold Price
$193,000
Premium/Discount to List
-$7,000
-3.5%
Total Days on Market
42
Current Estimated Value
$320,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,083
Avg. Annual Appreciation
4.63%
Original Mortgage
$154,400
Outstanding Balance
$119,815
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$195,162

Purchase Details

Closed on
May 27, 2010
Sold by
First Oklahoma Construction Inc
Bought by
Rhoads Kevin A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,207
Interest Rate
5%
Mortgage Type
FHA

Purchase Details

Closed on
May 24, 2010
Sold by
Summit Lakes Llc
Bought by
Summit Lakes Llc and Don Cies Real Estate Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,207
Interest Rate
5%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 5, 2009
Sold by
Palm Builders Llc
Bought by
First Oklahoma Construction Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,160
Interest Rate
5.03%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 29, 2008
Sold by
Summit Lakes Llc
Bought by
Mcsha Homes Inc

Purchase Details

Closed on
Jun 21, 2006
Sold by
Summit Lakes Llc
Bought by
Mcsha Homes Inc

Range of Values:

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Average Value
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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
Busma Wayne R $193,000 Fatco
Rhoads Kevin A $197,000 Fa
Summit Lakes Llc -- Fa
First Oklahoma Construction Inc $42,500 None Available
Mcsha Homes Inc -- None Available
Mcsha Homes Inc $35,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Busma Wayne R $154,400
Previous Owner Rhoads Kevin A $191,207
Previous Owner First Oklahoma Construction Inc $165,160
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2014 07/28/14 Sold $193,000 -3.5% $103 / Sq Ft
06/18/2014 06/18/14 Pending -- -- --
05/07/2014 05/07/14 For Sale $200,000 -- $107 / 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 $2,980 $25,883 $4,478 $21,405
2023 $2,898 $25,129 $4,889 $20,240
2022 $2,694 $24,397 $4,746 $19,651
2021 $2,754 $23,687 $4,200 $19,487
2020 $2,695 $23,687 $4,200 $19,487
2019 $2,741 $23,687 $4,200 $19,487
2018 $2,657 $23,687 $4,200 $19,487
2017 $2,688 $23,687 $0 $0
2016 $2,732 $23,687 $4,200 $19,487
2015 $2,674 $23,892 $4,200 $19,692
2014 $2,866 $24,303 $4,200 $20,103
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSOK

MLS Number: 271578A

MLSOK

APN: R0146619