NOT LISTED FOR SALE

8026 S 437 Rd Locust Grove, OK 74352

Estimated Value: $171,000 - $694,000

120 Acres
$3,604 Price per Acre
5,227,200 Sq Ft Lot

Last Sold October 02, 2023

Last sale price $642,500

Est. 33% decrease in value since last sale

Current estimated payment $2,468/month

40 Days on Market

Highlights

  • 120 Acre Lot
  • Livestock
  • Property is Fully Fenced
  • 70 Acres of Pasture

About This Lot

As of October 2023

120 +/- acres situated west of Locust Grove, just a short 5-minute drive away, you'll enjoy convenient access to all the amenities the town has to offer. Additionally, the pristine waters of Lake Hudson are only 10 minutes away, providing ample recreational opportunities. For those with industrial interests, the renowned Mid America Industrial Park is a mere 15-minute drive, making this property an ideal location for a quick commute. The vibrant city of Tulsa is within a 45-minute commute, ensuring easy access to urban amenities and entertainment. Two water wells provide a reliable water source, while electricity, propane, natural gas and fiber optic connectivity are already in place, facilitating seamless modern living or business operations. The entire perimeter is securely fenced with 6-strand barbed wire. Two ponds, one of which is spring-fed. Approximately 70 acres of bermuda/fescue pasture and an additional 50 acres of timber, the farm presents opportunities for farming, ranching, or recreational activities. Prominently positioned, the farm enjoys frontage along Highway 412A on the north side, ensuring excellent visibility and accessibility. Furthermore, N4370 blacktop frontage on the east enhances convenience and ease of transportation. Completing this remarkable offering are two existing structures: a 2-bedroom/1-bathroom garage apartment and the old Sam's Corner store, both sold "AS-IS / WHERE-IS.” These structures provide potential for renovation, repurposing, or as additional living or storage spaces. Embrace the endless possibilities that this 120 +/- acre farm presents, combining a prime location, natural beauty, essential amenities, and versatile infrastructure. Don't miss out on this remarkable investment opportunity.

Last Agent to Sell the Property

Kevin Williams

Midwest Land Group License #182495 Listed on: 07/11/2023

Midwest Land Group

Last Buyer's Agent

Chloe Hoang

Platinum Realty, LLC. License #201796

Platinum Realty, LLC.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $603

Lot Details

  • 120 Acre Lot
  • Property fronts a highway
  • Property is Fully Fenced
  • Zoning described as TM

Farming

  • 70 Acres of Pasture
  • Livestock

Utilities

  • Agricultural Well Water Source
  • Septic Tank

Community Details

  • Mayes Co Unplatted Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$603

Lot Details

0

Listing Details

  • Directions: POB - Highway 82 and Highway 412 E travel approximately 4 miles west on Highway 412 E to the northeast corner of the property
  • Prop. Type: Land
  • Lot Size Acres: 120.0
  • Road Frontage Type: County Road, Highway
  • Road Surface Type: Paved
  • Subdivision Name: Mayes Co Unplatted
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: Barbed Wire, Full
  • Lot Features: Acreage

Utilities

  • Sewer: Septic Tank
  • Utilities: Natural Gas Available
  • Water Source: Rural, Well

Schools

  • Junior High Dist: Locust Grove - Sch Dist (M4)

Lot Info

  • Current Use: Livestock
  • Lot Size Sq Ft: 5227200.0
  • Pasture Area: 70.0
  • Wooded Area: 50.0
  • Additional Parcels: No
  • Zoning Description: TM
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 603.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2023
Closed on
Sep 28, 2023
Sold by
Delmer C And Lawanda L Dean Revocable Tr
Bought by
Madison J Bowers Trust
Seller's Agent
Kevin Williams
Midwest Land Group
Buyer's Agent
Chloe Hoang
Platinum Realty, LLC.
List Price
$720,000
Sold Price
$642,500
Premium/Discount to List
-$77,500
-10.76%
Views
28
Current Estimated Value
$432,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$210,000
Avg. Annual Appreciation
-20.04%

Purchase Details

Closed on
Mar 26, 2010
Sold by
Dean Lawanda Lee and Dean Delmer C
Bought by
Dean Delmer C and Dean Lawande L
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Madison J Bowers Trust $642,500 Apex Title
Madison J Bowers Trust $642,500 Apex Title
Dean Delmer C -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2023 10/02/23 Sold $642,500 -10.8% --
08/20/2023 08/20/23 Pending -- -- --
08/03/2023 08/03/23 For Sale $720,000 +12.1% --
07/31/2023 07/31/23 Off Market $642,500 -- --
07/11/2023 07/11/23 For Sale $720,000 -- --
Source: MLS Technology

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 $961 $10,335 $5,631 $4,704
2023 $961 $6,890 $4,153 $2,737
2022 $603 $6,688 $4,005 $2,683
2021 $598 $6,494 $3,839 $2,655
2020 $597 $6,383 $3,830 $2,553
2019 $691 $7,383 $3,830 $3,553
2018 $690 $7,229 $3,830 $3,399
2017 $671 $7,018 $3,830 $3,188
2016 $636 $6,814 $3,830 $2,984
2015 $637 $6,616 $3,830 $2,786
2014 $619 $6,423 $3,830 $2,593
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Technology

MLS Number: 2324235

MLS Technology

APN: 0000-25-20N-19E-1-001-00