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1040 South West 110th Terrace

1040 South West 110th Terrace, Oklahoma City, OK 73170
Property in Kingsridge
Sold Jul 17, 2020
$290,000
$261,000 by Financial Concepts Mortgage Ll
Mortgage Due Jul 01, 2050
Sold Jul 17, 2020
$435,000
1040 South West 110th Terrace has been categorized by the local assessors in Oklahoma City, OK as a residential type of property. The building on the property was first built in 2018 and is 6 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1040 South West 110th Terrace has 2,022 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,098 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with steel control joints. The building has a hip style roof made of asphalt. The exterior walls of the building are made of a combination of material. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1040 South West 110th Terrace sold most recently in Jun 19, 2020 for a total of $290,000. If you work out the math, that's approximately a cost of $114.17 per sqft. Before that, the property was also sold for $435,000 in Jun 19, 2020. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $4,454 in taxes each year. 1040 South West 110th Terrace was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $36,430. If we break it down further, the land itself was valued at $4,966. Improvements to the property, however, were assessed at a total of $31,464. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Steel
  • Exterior Walls Type: Combination
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,098
  • Total Building Area: 2,540
  • Building Area: 2,022
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,022
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MEADOWLAKE FARMS 6
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MEADOWLAKE FARMS 6 LOT 4 BLOCK 12

Ownership

  • Current Owner : WESTFALL STEPHEN
  • Previous Owner : PERRY L PHILLIPS LLC
  • Owner Before Previous Owner: PERRY L PHILLIPS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Moore Public Schools
  • School Tax School District: MOORE SD
  • Census Tract: 201802

Geography

  • Account Number: 165839
  • Parcel: R0165839
  • Block: 12
  • Lot: 4
  • Meridian: SEC 08 TWN 10 RNG 03W
  • Municipality: MOORE SD-OKC
  • Latitude: 35.3562
  • Longitude: -97.5349

    Address

  • Full Address: 1040 Sw 110th Ter
  • Address - House Number: 1040
  • Street Direction: SW
  • Address - Street Name: 110th
  • Address - Suffix Type: Ter
  • State: OK
  • City Name: Oklahoma City
  • Carrier Code: R032
  • 4-Digit Zip Code: 7035
  • Zip Code: 73170

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,454
  • Tax Rate Code Area: OCC2

    Appraisal Valuation

  • Standard Deviation: 0.1421
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 83
  • Final Value: 369,451
  • High Value: 421,970
  • Low Value: 316,933

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $261,000
  • First Open Lien Mortgage Lender: FINANCIAL CONCEPTS MORTGAGE LL
  • First Open Lien Mortgage Recording Date: Jul 17, 2020
  • First Open Lien Mortgage Loan Amount: $261,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2050

    Market Valuation

  • Market Total Value: $323,462
  • Market Land Value: $44,100
  • Market Improvement Value: $279,362

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,430
  • Assessed Land Value: $4,966
  • Assessed Improvements Value: $31,464

    Sales

  • Current Sale Contract Date: Jun 19, 2020
  • Current Sale Recording Date: Jul 17, 2020
  • Current Sale Transaction ID: 11773742207
  • Current Sale Price: $290,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R 2020 23745
  • Previous Sale Recording Date: Jul 17, 2020
  • Previous Sale Contract Date: Jun 19, 2020
  • Previous Sale Amount: $435,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCIAL CONCEPTS MORTGAGE LL
  • First Mortgage Transaction Date: Jul 17, 2020
  • First Mortgage Loan Amount: $261,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2050

About South Oklahoma City



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Frequently Asked Questions

What neighborhood is 1040 South West 110th Terrace located in?
The 1040 South West 110th Terrace is a located in the neighborhood of Kingsridge in South Oklahoma City, Oklahoma City.
What is the average sales price for listings in 1040 South West 110th Terrace?
The average sales price for units in 1040 South West 110th Terrace is $0 currently.

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