NOT LISTED FOR SALE

8591 Palermo Dr Edmond, OK 73034

Estimated Value: $434,889 - $472,000

4 Beds
3 Baths
2,440 Sq Ft
$185/Sq Ft Est. Value

Last Sold March 13, 2020

Last sale price $309,500 $127 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $2,696/month

7 Days on Market

Highlights

  • Modern Farmhouse Architecture
  • Wood Flooring
  • Outdoor Water Feature
  • Heritage Elementary School Rated A
  • Whirlpool Bathtub
  • Double Oven

About This Home

As of March 2020

URBAN FARMHOUSE ON SLIGHTLY LESS THAN AN ACRE! This is a well loved, & sharply customized home, be sure to count all the many customized features! There is plentiful wood trim-work, moldings & appointments lean towards a "Western" motif. Options for your furniture arrangement will find splendid views at every angle!! Whether peering out through a plethora of windows, or sitting out on your ample sized covered wood deck, You must agree that the WOODED Landscape provides a sense of scenic tranquility. The Kitchen is warm & open & the Master offers a generously portioned retreat. There is an oversized 3 car garage with "Walk-in Storm Shelter". This Cheerful dwelling is situated on the Addition's most desireable lot - which extends to include a charming bridge, occasional creek & is bordered by a loose chain & post fence. Price to Sell!

Last Agent to Sell the Property

Leslie Lynn

Chinowth & Cohen Listed on: 02/06/2020

Last Buyer's Agent

Luke Walker

Ariston Realty LLC

Ariston Realty LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2005

Lot Details

  • 0.86 Acre Lot
  • East Facing Home
  • Chain Link Fence
  • Interior Lot

HOA Fees

  • $45 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Modern Farmhouse Architecture
  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Stone

Interior Spaces

  • 2,440 Sq Ft Home
  • 1-Story Property
  • Metal Fireplace
  • Inside Utility
  • Washer and Dryer

Kitchen

  • Double Oven
  • Electric Oven
  • Built-In Range
  • Recirculated Exhaust Fan
  • Dishwasher
  • Wood Stained Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Whirlpool Bathtub

Home Security

  • Home Security System
  • Fire and Smoke Detector

Accessible Home Design

  • Handicap Accessible

Outdoor Features

  • Covered Deck
  • Outdoor Water Feature

Schools

  • Heritage Elementary School
  • Sequoyah Middle School
  • North High School

Utilities

  • Central Heating and Cooling System
  • Aerobic Septic System
  • Cable TV Available

Community Details

  • Association fees include greenbelt, maintenance common areas, pool
  • Mandatory home owners association

Listing and Financial Details

  • Legal Lot and Block Pts of Lot 5 & / 1

Home Details

Home Type

Single Family

Year Built

Built in 2005

Lot Details

0.86 Acres

HOA Fees

$45 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Style: Modern Farmhouse, Traditional
  • Property Sub Type: Single Family
  • Association Fee Includes: Greenbelt, Maintenance Common Areas, Pool
  • Handicap Yn: Yes
  • Inlaw Plan Yn: Yes
  • Legal Addition: Cascata Falls Add Ph 1
  • Mandatory Association Dues Yn: Yes
  • Mechanical Features: Garage Door Lift, Kitchen External Exhaust, Security System, Smoke Alarm
  • Oven Energy: Electric
  • Property Faces: East
  • Property Level: One
  • Range Energy: Gas
  • School Junior High: Sequoyah MS
  • Section: 30
  • Special Zoning District Yn: No
  • Storm Shelter: Above Ground, Safe Room, Yes
  • Third Party Comments: No
  • Year Built: 2005
  • Year Built Type: Existing
  • Special Features: None

Interior Features

  • Floors: Carpet, Tile, Wood
  • Fireplace Description: Metal Insert
  • Appliances: Dishwasher, Disposal, Refrigerator, Washer/Dryer
  • Interior Amenities: Stained Wood, Whirlpool
  • Fireplaces: 1
  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Other Rooms: Inside Utility, Optional Living Area
  • Oven Type: Dbl Ovens
  • Range Type: Builtin
  • Total Sq Ft: 2440

Exterior Features

  • Construction: Brick, Stone
  • Pool: No
  • Exterior Features: Covered Deck, Water Feature
  • Fence: Chain, All
  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Garage Capacity: 3
  • Garage Description: Attached

Utilities

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

Condo/Co-op/Association

  • Association Fee: 540

Schools

  • Elementary School: Heritage ES
  • High School: North HS

Lot Info

  • Acres: 0.8600
  • Land Sq Ft: 37462
  • Lot Description: Interior

Tax Info

  • Tax Block: 1
  • Tax Lot: Pts of Lot 5 &

MLS Schools

  • School District: Edmond

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2020
Closed on
Mar 13, 2020
Sold by
Beverly Binkowski 2017 Revocable Trust
Bought by
Fite Weston Alan and Fite Tiffany Marie
Seller's Agent
Leslie Lynn
Chinowth & Cohen
Buyer's Agent
Luke Walker
Ariston Realty LLC
List Price
$319,900
Sold Price
$309,500
Premium/Discount to List
-$10,400
-3.25%
Current Estimated Value
$451,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,722
Avg. Annual Appreciation
6.54%
Original Mortgage
$247,600
Outstanding Balance
$218,813
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$232,409

Purchase Details

Closed on
Apr 27, 2017
Sold by
Binkowski Beverly F and Binkcwski Beverly
Bought by
Binkowski Beverly and Beverly Binkowski 2017 Revocable Trust

Purchase Details

Closed on
Apr 28, 2006
Sold by
Craftsman Custom Homes Inc
Bought by
Binkowski Beverly F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2005
Sold by
C & M Land Development Co Llc
Bought by
Craftsman Custom Family Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,925
Interest Rate
5.92%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Fite Weston Alan $309,500 Oklahoma City Abstract & Ttl
Binkowski Beverly -- None Available
Binkowski Beverly F $265,000 None Available
Craftsman Custom Family Homes Inc $30,500 Capitol Abstract And Title C
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fite Weston Alan $247,600
Previous Owner Binkowski Beverly F $180,000
Previous Owner Craftsman Custom Family Homes Inc $195,925
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2020 03/13/20 Sold $309,500 -3.3% $127 / Sq Ft
02/13/2020 02/13/20 Pending -- -- --
02/06/2020 02/06/20 For Sale $319,900 -- $131 / Sq Ft
Source: MLSOK

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
2025 $3,913 $37,545 $7,561 $29,984
2024 $3,803 $36,452 $7,561 $28,891
2023 $3,803 $35,390 $7,561 $27,829
2022 $3,558 $35,183 $7,561 $27,622
2021 $3,440 $34,158 $7,561 $26,597
2020 $3,230 $31,901 $7,561 $24,340
2019 $3,242 $31,901 $7,561 $24,340
2018 $3,223 $31,570 $7,418 $24,152
2017 $3,122 $30,651 $7,019 $23,632
2016 $3,007 $29,757 $6,251 $23,506
2014 $3,160 $31,323 $6,249 $25,074
2013 -- $33,176 $3,600 $29,576
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSOK

MLS Number: OKC898973

MLSOK

APN: 420046170

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