Check Availability

2516 Palomino Drive

2516 Palomino Drive, Edmond, OK 73034
House in Oklahoma
Sold Mar 06, 2020
$335,000
$262,500 by Cornerstone Home Lending Inc
Mortgage Due Apr 01, 2050
Sold Sep 27, 2017
$324,000
2516 Palomino Drive in Edmond, OK was first built in 2004 and is 20 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 9 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 2516 Palomino Drive has 2,925 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. The linear feet across the front of the lot is 850 ft and the linear feet between the front and back of the lot is 1,490. In total, the area measurement of the land is 12,676 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 garage. The garage is 708 sqft. There are a total of 2 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 B. 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. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2516 Palomino Drive was last sold in Mar 4, 2020 for $335,000. According to our calculations, that's $114.53 per sqft. Prior to that sales transaction, the property was sold for $324,000 in Sep 19, 2017. Current property owners are expected to pay $4,387 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2017. The property on 2516 Palomino Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $42,081. To break that down further, the land itself was valued at $5,806. While improvements to the property were assessed at a total of $36,275. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Exterior Walls Type: Combination
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 708
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 12,676
  • Lot Size Depth Feet: 1,490
  • Lot Size Frontage Feet: 850
  • Total Building Area: 2,925
  • Gross Building Area: 2,925
  • Building Area: 2,925
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,925
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STEEPLECHASE 8TH
  • Land Acres: 0.291
  • Standard Land Use Code: Single family residential
  • Legal Description 1: STEEPLECHASE 8TH 002 001

Ownership

  • Current Owner : THOMPSON RANDALL DEAN
  • Current Owner 2: THOMPSON AMIE DAWN
  • Previous Owner : ARMSTRONG BUILDING ONE LLC
  • Owner Before Previous Owner: MORRIS JOHN P
  • Owner Before Previous Owner 2: MORRIS KELLY I
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Edmond Public Schools
  • School Tax School District: EDMOND SD - VT2
  • Census Tract: 108106

Geography

  • Assessors Map Reference: 14N-2W-18-NE
  • Account Number: R203721200
  • Parcel: 203721200
  • Block: 2
  • Lot: 1
  • Meridian: NE4 SEC 18 TWN 14N RNG 02W
  • Municipality: EDMOND CITY
  • Latitude: 35.6938
  • Longitude: -97.4473

    Address

  • Full Address: 2516 Palomino Dr
  • Address - House Number: 2516
  • Address - Street Name: Palomino
  • Address - Suffix Type: Dr
  • State: OK
  • City Name: Edmond
  • Carrier Code: R033
  • 4-Digit Zip Code: 5911
  • Zip Code: 73034

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,387
  • Intital Tax Deliquent Year: 2017
  • Tax Rate Code Area: 512

    Appraisal Valuation

  • Standard Deviation: 0.2002
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 73
  • Final Value: 465,646
  • High Value: 558,871
  • Low Value: 372,421

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $262,500
  • First Open Lien Mortgage Lender: CORNERSTONE HOME LENDING INC
  • First Open Lien Mortgage Recording Date: Mar 06, 2020
  • First Open Lien Mortgage Loan Amount: $262,500
  • 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: Apr 01, 2050

    Market Valuation

  • Market Total Value: $459,000
  • Market Land Value: $63,325
  • Market Improvement Value: $395,675

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,081
  • Assessed Land Value: $5,806
  • Assessed Improvements Value: $36,275

    Sales

  • Current Sale Contract Date: Mar 04, 2020
  • Current Sale Recording Date: Mar 06, 2020
  • Current Sale Transaction ID: 11746062194
  • Current Sale Price: $335,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20200306010329290
  • Previous Sale Recording Date: Sep 27, 2017
  • Previous Sale Contract Date: Sep 19, 2017
  • Previous Sale Amount: $324,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CORNERSTONE HOME LENDING INC
  • First Mortgage Transaction Date: Mar 06, 2020
  • First Mortgage Loan Amount: $262,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2050

About Edmond



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 1409 E. Covell Road, Edmond, OK, 73034

$2,195 /mo

  • 3 Beds
  • 2.5 Baths
  • 2,031 ft²
1409 E. Covell Road #1409 E. Covell Road, Edmond, OK, 73034 Listing by Manager
Unit for rent at 2209 Hermoso Way, Edmond, OK, 73034

$2,095 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,830 ft²
2209 Hermoso Way #2209 Hermoso Way, Edmond, OK, 73034 Listing by Manager

Frequently Asked Questions

What neighborhood is 2516 Palomino Drive located in?
The 2516 Palomino Drive is a house located in the neighborhood of Oklahoma in Edmond, Edmond.
What is the average sales price for listings in 2516 Palomino Drive?
The average sales price for units in 2516 Palomino Drive is $0 currently.

Quantcast