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1229 Loftin Drive

1229 Loftin Drive, Oklahoma City, OK 73130
Property in Oklahoma
Sold Feb 08, 2022
$109,500
$126,400 by Gateway First Bank
Mortgage Due Feb 04, 2032
Sold Oct 06, 2000
$75,000
$75,000 by Tinker Fcu
Mortgage Due Nov 01, 2030
1229 Loftin Drive in Oklahoma City, OK was first built in 1953 and is 71 years old. Although, the building on the property was most recently renovated and altered in 1980. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. There are a total of 7 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 1229 Loftin Drive has 2,006 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 23,522 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a hip style roof made of composition shingle. For those who need parking, there is a carport. The garage is 400 sqft. There are a total of 8 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of a combination of material. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. 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, 1229 Loftin Drive sold most recently in Feb 4, 2022 for a total of $109,500. If you work out the math, that's approximately a cost of $54.59 per sqft. Before that, the property was also sold for $75,000 in Oct 5, 2000. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,055 in taxes each year. 1229 Loftin Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $17,765. If we break it down further, the land itself was valued at $2,405. Improvements to the property, however, were assessed at a total of $15,360. 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 possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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: 1953
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Combination
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Type: Attached
  • Garage Type: Carport
  • Garage Square Area: 400
  • Parking Space Count: 8

    Dimensions

  • Lot Size Square Feet: 23,522
  • Total Building Area: 2,006
  • Gross Building Area: 2,006
  • Building Area: 2,006
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,006
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LOFTIN ACRES ADD
  • Land Acres: 0.54
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOFTIN ACRES ADD 001 001

Ownership

  • Current Owner : OKLAHOMA HOME OPTIONS LLC
  • Previous Owner : VANMARTIN
  • Previous Owner 2: PATTI
  • Owner Before Previous Owner: BELCHER LINDA LOU
  • Owner Before Previous Owner 2: JOHNSON VICKY S
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Oklahoma City Public Schools
  • School Tax School District: OKLA CITY SD -
  • Census Tract: 108010

Geography

  • Assessors Map Reference: 12N-2W-25-SW
  • Account Number: R154701005
  • Parcel: 154701005
  • Block: 1
  • Lot: 1
  • Meridian: SW4 SEC 25 TWN 12N RNG 02W
  • Municipality: MIDWEST CITY
  • Latitude: 35.482
  • Longitude: -97.3678

    Address

  • Full Address: 1229 Loftin Dr
  • Address - House Number: 1229
  • Address - Street Name: Loftin
  • Address - Suffix Type: Dr
  • State: OK
  • City Name: Oklahoma City
  • Carrier Code: C052
  • 4-Digit Zip Code: 1221
  • Zip Code: 73130

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,055
  • Tax Rate Code Area: 589

    Appraisal Valuation

  • Standard Deviation: 0.2389
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 66
  • Final Value: 182,222
  • High Value: 225,771
  • Low Value: 138,672

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $126,400
  • First Open Lien Mortgage Lender: GATEWAY FIRST BANK
  • First Open Lien Mortgage Recording Date: Feb 08, 2022
  • First Open Lien Mortgage Loan Amount: $126,400
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 04, 2032

    Market Valuation

  • Market Total Value: $161,500
  • Market Land Value: $21,870
  • Market Improvement Value: $139,630

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,765
  • Assessed Land Value: $2,405
  • Assessed Improvements Value: $15,360

    Sales

  • Current Sale Contract Date: Feb 04, 2022
  • Current Sale Recording Date: Feb 08, 2022
  • Current Sale Transaction ID: 11879352531
  • Current Sale Price: $109,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20331
  • Previous Sale Recording Date: Oct 06, 2000
  • Previous Sale Contract Date: Oct 05, 2000
  • Previous Sale Amount: $75,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GATEWAY FIRST BANK
  • First Mortgage Transaction Date: Feb 08, 2022
  • First Mortgage Loan Amount: $126,400
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 04, 2032

    Previous Mortgages

  • Previous Mortgage Lender: TINKER FCU
  • Previous Mortgage Transaction Date: Oct 06, 2000
  • Previous Mortgage Loan Amount: $75,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Nov 01, 2030

About Midwest City



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Frequently Asked Questions

What neighborhood is 1229 Loftin Drive located in?
The 1229 Loftin Drive is a located in the neighborhood of Oklahoma in Midwest City, Oklahoma City.
What is the average sales price for listings in 1229 Loftin Drive?
The average sales price for units in 1229 Loftin Drive is $0 currently.

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