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2917 Summit Terrace Drive

2917 Summit Terrace Drive, Norman, OK 73071
Property in Cleveland
Sold Aug 07, 2014
$238,500
$196,110 by Better Mortgage Corporation Is
Mortgage Due Feb 01, 2037
Sold Mar 04, 2014
$30,500
$191,200 by Chickasha Bank & Trust Company
Mortgage Due Mar 04, 2015
2917 Summit Terrace Drive has been categorized by the local assessors in Norman, OK as a residential type of property. The building on the property was first built in 2014 and is 10 years old. The home has a total of 4 bedrooms. Residents will have access to 2 full bathrooms. There are 3 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, 2917 Summit Terrace Drive has 2,082 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 9,627 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 635 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. 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. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a hip style roof made of asphalt. The exterior walls of the building are made of a combination of material. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. 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, 2917 Summit Terrace Drive sold most recently in Aug 1, 2014 for a total of $238,500. If you work out the math, that's approximately a cost of $87.78 per sqft. Before that, the property was also sold for $30,500 in Mar 4, 2014. 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 $3,519 in taxes each year. 2917 Summit Terrace Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $29,312. If we break it down further, the land itself was valued at $5,457. Improvements to the property, however, were assessed at a total of $23,855. 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: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Steel
  • Building Style: Conventional
  • Exterior Walls Type: Combination
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 635
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,627
  • Total Building Area: 2,717
  • Gross Building Area: 2,717
  • Building Area: 2,082
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,082
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUMMIT LAKES 8
  • Land Acres: 0.221
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SUMMIT LAKES 8 LOT 2 BLOCK 3

Ownership

  • Current Owner : MARSHALL JASON E
  • Current Owner 2: MARSHALL JESSICA J
  • Previous Owner : DIAMOND HOMES INC
  • Owner Before Previous Owner: SUMMIT LAKES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Norman Public Schools
  • School Tax School District: NORMAN SD
  • Census Tract: 201405

Geography

  • Account Number: 165989
  • Parcel: R0165989
  • Block: 3
  • Lot: 2
  • Meridian: SEC 34 TWN 09 RNG 02W
  • Municipality: NORMAN SD
  • Latitude: 35.2096
  • Longitude: -97.3979

    Address

  • Full Address: 2917 Summit Terrace Dr
  • Address - House Number: 2917
  • Address - Street Name: Summit Terrace
  • Address - Suffix Type: Dr
  • State: OK
  • City Name: Norman
  • Carrier Code: R041
  • 4-Digit Zip Code: 7188
  • Zip Code: 73071

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,519
  • Tax Rate Code Area: NC29

    Appraisal Valuation

  • Standard Deviation: 0.1709
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 320,791
  • High Value: 375,623
  • Low Value: 265,958

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $196,110
  • First Open Lien Mortgage Lender: BETTER MORTGAGE CORPORATION IS
  • First Open Lien Mortgage Recording Date: Mar 17, 2022
  • First Open Lien Mortgage Loan Amount: $196,110
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2037

    Market Valuation

  • Market Total Value: $279,368
  • Market Land Value: $52,017
  • Market Improvement Value: $227,351

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,312
  • Assessed Land Value: $5,457
  • Assessed Improvements Value: $23,855

    Sales

  • Current Sale Contract Date: Aug 01, 2014
  • Current Sale Recording Date: Aug 07, 2014
  • Current Sale Transaction ID: 11465092278
  • Current Sale Price: $238,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R 2014 27241
  • Previous Sale Recording Date: Mar 04, 2014
  • Previous Sale Contract Date: Mar 04, 2014
  • Previous Sale Amount: $30,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST MORTGAGE COMPANY LLC
  • First Mortgage Transaction Date: Aug 07, 2014
  • First Mortgage Loan Amount: $234,032
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2044

    Previous Mortgages

  • Previous Mortgage Lender: CHICKASHA BANK & TRUST COMPANY
  • Previous Mortgage Transaction Date: Mar 04, 2014
  • Previous Mortgage Loan Amount: $191,200
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Previous Mortgage Loan Due Date: Mar 04, 2015

About Norman



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Frequently Asked Questions

What neighborhood is 2917 Summit Terrace Drive located in?
The 2917 Summit Terrace Drive is a located in the neighborhood of Cleveland in Norman, Norman.
What is the average sales price for listings in 2917 Summit Terrace Drive?
The average sales price for units in 2917 Summit Terrace Drive is $0 currently.

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