$435,000
SOLD DEC 9, 2016
8 Beds
5 Baths
3,264 Sq Ft
7,000 Sq Ft Lot

Recently Sold

$133 Per Sq Ft

33% Below List Price

158 Days on Market

Highlights

  • Central Heating and Cooling System
  • Washer and Dryer
  • 1-Story Property
  • Lincoln Elementary School Rated A-
  • Historic Home

About This Home

As of November 2020

Great Investment Opportunity as close to campus as you can get! The home is a 5 bedroom home with 2 full bathrooms. The kitchen come equipped with a refrigerator, washer/dryer, dishwasher. The bedrooms each rent for $600/month and currently lease through May of 2017. Directly behind the home are 3 (1 bedroom/1 bathroom) efficiency apartments. They rent for $600/month. Total monthly income is $4800 and the yearly income is $57,600. The roof was replaced May of 2016 and many more updates that are attached to this listing. Please call for more information.

Last Agent to Sell the Property

Devrie Peoples

525 Realty Group LLC Listed on: 06/01/2016

Last Buyer's Agent

Raphala Taylor

Ariston Realty LLC

Ariston Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,131

Year Built

  • Built in 1930

Lot Details

  • 7,000 Sq Ft Lot
  • Historic Home

Home Design

  • Combination Foundation
  • Brick Frame
  • Composition Roof

Interior Spaces

  • 3,264 Sq Ft Home
  • 1-Story Property
  • Fireplace Features Masonry
  • Washer and Dryer

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Full Bathrooms

Parking

  • 8 Parking Spaces
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Water Heater

Community Details

  • 2 Units
  • Gross Income $57,600

Listing and Financial Details

  • Legal Lot and Block 23 / 3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,131

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Style: Historical
  • Property Sub Type: More Than 4 Units
  • Gross Expense: 600
  • Legal Addition: Larshs University
  • Number1 Br Units: 5
  • Stories: 1.0000
  • Third Party Comments: Yes
  • Year Built: 1930
  • Year Built Type: Existing
  • Special Features: None

Interior Features

  • Fireplace Description: Masonry
  • Appliances: Dishwasher, Disposal, Refrigerator, Washer/Dryer, Water Heater
  • Fireplaces: 1
  • Total Bedrooms: 8
  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Total Sq Ft: 3264

Exterior Features

  • Construction: Brick & Frame
  • Foundation: Combination
  • Roof: Composition

Garage/Parking

  • Total Parking: 8
  • Parking: Concrete Drive

Utilities

  • Cooling System: Central Elec
  • Heat System: Central Gas

Lot Info

  • Land Sq Ft: 7000

Rental Info

  • Rent: 600.00

Multi Family

  • Number Efficiency Units: 3
  • Number Of Units: 2

Tax Info

  • Tax Block: 3
  • Tax Lot: 23

MLS Schools

  • School District: Norman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2020
Closed on
Nov 17, 2020
Sold by
Fmf Ok Investments Llc
Bought by
Rickyson 62Nd Llc
Seller's Agent
Richard Jennings
Richard Jennings Real Estate
Buyer's Agent
Richard Jennings
Richard Jennings Real Estate
List Price
$559,900
Sold Price
$510,000
Premium/Discount to List
-$49,900
-8.91%
Current Estimated Value
$703,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,543
Avg. Annual Appreciation
6.20%
Original Mortgage
$357,000
Outstanding Balance
$214,463
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$459,776

Purchase Details

Listed on
Jun 1, 2016
Closed on
Dec 8, 2016
Sold by
You Charles Ah and You Katherine C Ah
Bought by
Fmf Ok Investments Llc
Seller's Agent
Devrie Peoples
525 Realty Group LLC
Buyer's Agent
Raphala Taylor
Ariston Realty LLC
List Price
$650,000
Sold Price
$435,000
Premium/Discount to List
-$215,000
-33.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.11%
Original Mortgage
$304,500
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2015
Sold by
Mccown Randall G and Mccown Tammy G
Bought by
You Charles Ah and You Katherine C Ah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2012
Sold by
Schickedanz David K and Schickedanz Sandra K
Bought by
Mccown Randall G and Ah You Jr Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
4.02%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $510,000 First American Title Ins Co
Warranty Deed $435,000 Old Republic Title
Quit Claim Deed -- Cleveland County Abstract Co
Warranty Deed $255,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $357,000 Commercial
Previous Owner $304,500 New Conventional
Previous Owner $185,000 New Conventional
Previous Owner $484,000 Construction
Previous Owner $191,250 New Conventional
Previous Owner $30,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2020 11/19/20 Sold $510,000 -8.1% $156 / Sq Ft
07/14/2020 07/14/20 Pending -- -- --
07/03/2020 07/03/20 Price Changed $555,000 +0.9% $170 / Sq Ft
05/12/2020 05/12/20 Price Changed $550,000 -1.8% $169 / Sq Ft
03/02/2020 03/02/20 For Sale $559,900 +28.7% $172 / Sq Ft
12/09/2016 12/09/16 Sold $435,000 -33.1% $133 / Sq Ft
11/06/2016 11/06/16 Pending -- -- --
06/01/2016 06/01/16 For Sale $650,000 -- $199 / 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 $5,131 $42,847 $12,602 $30,245
2023 $4,899 $40,807 $12,000 $28,807
2022 $7,237 $62,843 $12,000 $50,843
2021 $7,430 $61,200 $8,400 $52,800
2020 $6,015 $50,634 $8,400 $42,234
2019 $6,037 $49,960 $8,288 $41,672
2018 $5,576 $47,582 $4,800 $42,782
2017 $5,638 $47,582 $0 $0
2016 $3,564 $29,596 $4,800 $24,796
2015 -- $29,596 $4,800 $24,796
2014 -- $29,596 $4,800 $24,796
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSOK

MLS Number: 731892

MLSOK

APN: R0038027