NOT LISTED FOR SALE

718 Terrace Place Norman, OK 73069

Southwest Norman Neighborhood

Estimated Value: $256,000 - $296,000

3 Beds
2.5 Baths
2,054 Sq Ft
$137/Sq Ft Est. Value

Last Sold February 23, 2024

Last sale price $260,000 $127 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,877/month

51 Days on Market

Highlights

  • Traditional Architecture
  • Whirlpool Bathtub
  • 2 Car Attached Garage
  • Norman High School Rated A-
  • Covered patio or porch
  • Interior Lot

About This Home

As of February 2024

This recently updated home has neutral tones throughout and plenty of space! Boasting two living areas as well as two dining spaces there are multiple options for space usage in this home. Some of the recent upgrades include fresh paint throughout interior, new lighting fixtures, new plumbing fixtures, and wood-look tile in entry, hall and living areas. The kitchen has ample storage including a pantry, new leathered marble countertops, new marble tile backsplash, new sink & faucet, new built-in stovetop, and new vent hood. All three bedrooms have upgraded, new padding and carpet as well as new ceiling fans with remotes. There are two full bathrooms and one half bathroom; each has new leathered marble counter tops, new sinks & faucets, and new lighting fixtures. Additionally, full barrier termite treatment, new French drain and new hot water tank have recently been done as well. All updates have been complete in the last 6 months. Seller is a licensed Realtor.

Last Agent to Sell the Property

Heather Schleeper

Heather & Company Realty Group Listed on: 12/01/2023

Last Buyer's Agent

Jennifer Duncan

Sage Sotheby's Realty

Sage Sotheby's Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,613

Year Built

  • Built in 1971

Lot Details

  • 9,583 Sq Ft Lot
  • Southeast Facing Home
  • Wood Fence
  • Interior Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Brick Frame
  • Composition Roof

Interior Spaces

  • 2,054 Sq Ft Home
  • 1-Story Property
  • Fireplace Features Masonry
  • Window Treatments
  • Inside Utility
  • Laundry Room
  • Storm Doors

Kitchen

  • Built-In Oven
  • Electric Oven
  • Built-In Range
  • Dishwasher
  • Wood Stained Kitchen Cabinets
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Whirlpool Bathtub

Outdoor Features

  • Covered patio or porch
  • Rain Gutters

Schools

  • Monroe Elementary School
  • Alcott Middle School
  • Norman North High School

Utilities

  • Central Heating and Cooling System
  • Programmable Thermostat
  • Water Heater

Listing and Financial Details

  • Legal Lot and Block 26 / 4

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,613

Year Built

Built in 1971

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Style: Traditional
  • Property Sub Type: Single Family
  • Senior Community: No
  • Dining Areas: 2
  • Inlaw Plan Yn: No
  • Legal Addition: Normandy Manor
  • Mandatory Association Dues Yn: No
  • Mechanical Features: Garage Door Lift
  • Oven Energy: Electric
  • Property Faces: South East
  • Property Level: One
  • Range Energy: Electric
  • Roof Year: 2021
  • School Junior High: Alcott MS
  • Special Zoning District Yn: No
  • Storm Shelter: No
  • Third Party Comments: Yes
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Floors: Carpet, Tile
  • Fireplace Description: Masonry
  • Appliances: Dishwasher, Disposal, Refrigerator, Water Heater
  • Interior Amenities: Laundry Room, Stained Wood, Whirlpool, Window Treatment
  • Fireplaces: 1
  • Room Count: 8
  • Total Bedrooms: 3
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Living Areas: 2
  • Other Rooms: Inside Utility
  • Oven Type: Builtin
  • Range Type: Builtin
  • Total Sq Ft: 2054

Exterior Features

  • Construction: Brick & Frame
  • Pool: No
  • Exterior Features: Covered Patio, Covered Porch, Rain Gutters
  • Fence: Wood, All
  • Foundation: Slab
  • Roof: Composition

Garage/Parking

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

Utilities

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

Schools

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

Lot Info

  • Acres: 0.2200
  • Land Sq Ft: 9583
  • Lot Description: Interior

Green Features

  • Energy: Programmable Thermostat, Storm Doors

Tax Info

  • Tax Block: 4
  • Tax Lot: 26

MLS Schools

  • School District: Norman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2023
Closed on
Mar 4, 2024
Sold by
Mhkk Investments Llc
Bought by
Flaherty Shaun Cameron and Flaherty Aletia
Seller's Agent
Heather Schleeper
Heather & Company Realty Group
Buyer's Agent
Jennifer Duncan
Sage Sotheby's Realty
List Price
$275,000
Sold Price
$260,000
Premium/Discount to List
-$15,000
-5.45%
Views
179
Current Estimated Value
$287,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,709
Avg. Annual Appreciation
5.57%
Original Mortgage
$208,000
Outstanding Balance
$205,522
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$75,898

Purchase Details

Closed on
Jun 9, 2014
Sold by
Ellis Mark Bradford and Ellis Amee Dan
Bought by
Danielson Amber Torrance and Danielson Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
4.35%
Mortgage Type
VA

Purchase Details

Closed on
Feb 15, 2013
Sold by
Ellis Mark Bradford and Ellis Amee Dan
Bought by
Ellis Family Revocable Trust

Purchase Details

Closed on
May 7, 2010
Sold by
Pool Maurice G and Pool Sarah M
Bought by
Ellis Mark B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
4.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2009
Sold by
Farrar Blake R and Farrar Cynthia Sue
Bought by
Pool Maurice G and Pool Sarah M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2005
Sold by
Farrar Mary J
Bought by
Farrar Mary J and Farrar Blake R
Source: Public Records

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
Flaherty Shaun Cameron $260,000 Old Republic Title
Danielson Amber Torrance $171,000 Fatco
Ellis Family Revocable Trust -- None Available
Ellis Mark B $155,000 Fa
Pool Maurice G $160,000 None Available
Farrar Mary J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flaherty Shaun Cameron $208,000
Previous Owner Torrance Danielson Amber $159,700
Previous Owner Danielson Amber Torrance $171,000
Previous Owner Ellis Mark B $139,500
Previous Owner Pool Maurice G $25,442
Previous Owner Pool Maurice G $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2024 02/23/24 Sold $260,000 -1.9% $127 / Sq Ft
01/21/2024 01/21/24 Pending -- -- --
01/01/2024 01/01/24 Price Changed $265,000 -1.9% $129 / Sq Ft
12/08/2023 12/08/23 Price Changed $270,000 -1.8% $131 / Sq Ft
12/01/2023 12/01/23 For Sale $275,000 +39.2% $134 / Sq Ft
07/05/2023 07/05/23 Sold $197,500 0.0% $96 / Sq Ft
06/05/2023 06/05/23 Pending -- -- --
06/05/2023 06/05/23 For Sale $197,500 -- $96 / 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 $3,613 $30,158 $4,290 $25,868
2023 $2,361 $19,660 $3,254 $16,406
2022 $2,156 $18,724 $2,400 $16,324
2021 $2,273 $18,724 $2,400 $16,324
2020 $2,224 $18,724 $2,400 $16,324
2019 $2,263 $18,724 $2,400 $16,324
2018 $2,195 $18,724 $2,400 $16,324
2017 $2,219 $18,724 $0 $0
2016 $2,255 $18,724 $2,400 $16,324
2015 $2,202 $18,852 $1,843 $17,009
2014 $2,077 $17,613 $1,771 $15,842
Source: Public Records

Agents Affiliated with this Home

  • Heather Schleeper

    Seller's Agent in 2024

    Heather Schleeper

    Heather & Company Realty Group

    (405) 222-9017

    6 in this area

    236 Total Sales

    Section Image

  • J

    Buyer's Agent in 2024

    Jennifer Duncan

    Sage Sotheby's Realty

    (405) 317-6900

    3 in this area

    126 Total Sales

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Map

Source: MLSOK

MLS Number: 1090166

MLSOK

APN: R0039677

Oklahoma Cleveland County Norman 73069 Southwest Norman

718 Terrace Place, Norman, OK

This home is located at 718 Terrace Place, Norman, OK 73069 since 01 December 2023 and is currently estimated at $280,887, approximately $136 per square foot. This property was built in 1971. 718 Terrace Place is a home located in Cleveland County with nearby schools including Monroe Elementary School, Alcott Middle School, and Norman High School.

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