7020 Lago Ranchero Dr Norman, OK 73026
Franklin-Denver Neighborhood
4
Beds
3.5
Baths
2,598
Sq Ft
5
Acres
Highlights
- 5 Acre Lot
- Deck
- Covered Patio or Porch
- Washington Elementary School Rated A-
- Traditional Architecture
- Circular Driveway
About This Home
As of June 2025Welcome home! Sitting on a sprawling 5 acre lot with a creek, gated entry, extended circle drive, and over sized shop this beautifully remodeled home left nothing untouched. Step through the front door and into the expansive entry way that opens to the full dinning room. Fresh paint, high ceilings, ceramic tile floors, and large windows throughout allow the space to fill with natural light. The dinning room opens to both the kitchen and the living room to the east with the master and down stairs guest bedroom located on the west side of the home. The living room is spacious, hosts new carpet, gas fire place, vaulted ceilings, and back patio access with a beautiful view of the back of the property. The kitchen is massive with an oversized eating nook large enough for a full size table and lined with floor to ceiling windows providing a full view of the front of the property. The kitchen hosts double built in ovens, electric cook top, built in wine rack, large center island with electric, plenty of cabinet space, countertops for days, a large over the sink window, and space for 3 bar stools on one end. Off the kitchen a full size laundry room and half bathroom can be found with access into the 2 car garage.
Located on the west side of the home, the master is good sized with its own patio and private entry over looking the back of the property.. The master bath is open and spacious with private water closet, oversized jetted tub, walk in shower, and large walk in closet. Across from the master a full size bathroom and good sized down stairs guest bedroom can be found. Walk up the stairs to find a large shared secondary living space, access to a private patio and full bathroom situated between two good sized bedrooms making this the perfect upstairs apartment. A 24’ x 29’ shop with electric, oversized lean too, fenced in pen, and extra storage shed for land management. Home sits on a fully fenced 5 acre lot with a creek and bridge spanning the west corner.
Last Buyer's Agent
Non MLS Member
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,567
Year Built
- Built in 2002
Lot Details
- 5 Acre Lot
- North Facing Home
- Chain Link Fence
- Interior Lot
HOA Fees
- $13 Monthly HOA Fees
Parking
- 2 Car Garage
- Garage Door Opener
- Circular Driveway
Home Design
- Traditional Architecture
- Slab Foundation
- Brick Frame
- Architectural Shingle Roof
Interior Spaces
- 2,598 Sq Ft Home
- 2-Story Property
- Gas Log Fireplace
- Laundry Room
Kitchen
- Built-In Oven
- Gas Oven
- Built-In Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
Outdoor Features
- Deck
- Covered Patio or Porch
- Separate Outdoor Workshop
- Outbuilding
Schools
- Lakeview Elementary School
- Longfellow Middle School
- Norman North High School
Utilities
- Central Heating and Cooling System
- Well
- Septic Tank
Community Details
- Association fees include maintenance
- Mandatory home owners association
Listing and Financial Details
- Legal Lot and Block 17 / 2
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 9, 2025
Closed on
Jun 24, 2025
Sold by
Proformance Strategies Inc
Bought by
Cunningham Matthew and Cunningham Shawna
Seller's Agent
Sarah King
Community Real Estate
Buyer's Agent
Non MLS Member
List Price
$486,000
Sold Price
$483,000
Premium/Discount to List
-$3,000
-0.62%
Total Days on Market
58
Views
225
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.57%
Original Mortgage
$483,000
Outstanding Balance
$483,000
Interest Rate
6.81%
Mortgage Type
VA
Estimated Equity
-$3,323
Purchase Details
Closed on
Feb 18, 2025
Sold by
Russell Donald J and Russell Donna M
Bought by
Proformance Strategies Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,500
Interest Rate
6.93%
Mortgage Type
Construction
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 | $483,000 | Chicago Title | |
| Warranty Deed | $483,000 | Chicago Title | |
| Warranty Deed | $404,000 | Old Republic Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $483,000 | VA | |
| Closed | $483,000 | VA | |
| Previous Owner | $332,500 | Construction | |
| Previous Owner | $218,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/25/2025 06/25/25 | Sold | $483,000 | -0.6% | $186 / Sq Ft |
| 06/06/2025 06/06/25 | Pending | -- | -- | -- |
| 04/09/2025 04/09/25 | For Sale | $486,000 | -- | $187 / 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 | $1,567 | $14,075 | $900 | $13,175 |
| 2023 | $1,570 | $14,075 | $900 | $13,175 |
| 2022 | $3,023 | $27,251 | $900 | $26,351 |
| 2021 | $3,188 | $27,251 | $900 | $26,351 |
| 2020 | $3,119 | $27,251 | $900 | $26,351 |
| 2019 | $3,172 | $27,251 | $900 | $26,351 |
| 2018 | $3,076 | $27,252 | $900 | $26,352 |
| 2017 | $3,111 | $27,252 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Sarah King
Seller's Agent in 2025
Sarah King
Community Real Estate
(405) 596-1330
1 in this area
81 Total Sales
-
N
Buyer's Agent in 2025
Non MLS Member
Map
Source: MLSOK
MLS Number: 1163840
APN: R0037083
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