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307 Hoffman Drive

307 Hoffman Drive, Norman, OK 73026
Property in Cleveland
Sold Mar 29, 2021
$305,000
$289,750 by United Wholesale Mortgage
Mortgage Due Apr 01, 2051
Local assessors in Norman, OK have categorized 307 Hoffman Drive as a residential type of property. The home was built in 1973 and is 51 years old. The property's lot size has been calculated to be 210,830 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 307 Hoffman Drive has a total of 2,060 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 418 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with steel control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable style roof that was made of asphalt. Lots of a combination of material were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 307 Hoffman Drive sold most recently in Mar 25, 2021 for a total of $305,000. If you work out the math, that's approximately a cost of $123.08 per sqft. 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 $4,050 in taxes each year. 307 Hoffman Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $34,735. If we break it down further, the land itself was valued at $1,916. Improvements to the property, however, were assessed at a total of $32,819. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Steel
  • Building Style: Unknown
  • Exterior Walls Type: Combination
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 418
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 210,830
  • Total Building Area: 2,478
  • Gross Building Area: 2,478
  • Building Area: 2,060
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,060
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HOFFMAN HEIGHTS
  • Land Acres: 4.84
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HOFFMAN HEIGHTS LOT 6

Ownership

  • Current Owner : PHELPS DEAN
  • Current Owner 2: PHELPS TAMMY
  • Previous Owner : STACY MARY K
  • Previous Owner 2: STACY BRET WAYNE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Norman Public Schools
  • School Tax School District: NORMAN SD
  • Census Tract: 202403

Geography

  • Assessors Map Reference: 9N-1W-32-NE
  • Account Number: 36131
  • Parcel: R0036131
  • Lot: 6
  • Meridian: SEC 32 TWN 09 RNG 01W
  • Municipality: NORMAN SD
  • Latitude: 35.2152
  • Longitude: -97.3244

    Address

  • Full Address: 307 Hoffman Dr
  • Address - House Number: 307
  • Address - Street Name: Hoffman
  • Address - Suffix Type: Dr
  • State: OK
  • City Name: Norman
  • Carrier Code: R008
  • 4-Digit Zip Code: 3718
  • Zip Code: 73026

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,050
  • Tax Rate Code Area: NC29

    Appraisal Valuation

  • Standard Deviation: 0.1383
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 83
  • Final Value: 408,104
  • High Value: 464,578
  • Low Value: 351,629

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $289,750
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: Mar 29, 2021
  • First Open Lien Mortgage Loan Amount: $289,750
  • 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, 2051

    Market Valuation

  • Market Total Value: $289,459
  • Market Land Value: $15,972
  • Market Improvement Value: $273,487

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,735
  • Assessed Land Value: $1,916
  • Assessed Improvements Value: $32,819

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 25, 2021
  • Current Sale Recording Date: Mar 29, 2021
  • Current Sale Transaction ID: 11828979119
  • Current Sale Price: $305,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R 2021 12084

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Mar 29, 2021
  • First Mortgage Loan Amount: $289,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

About Norman



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Frequently Asked Questions

What neighborhood is 307 Hoffman Drive located in?
The 307 Hoffman Drive is a located in the neighborhood of Cleveland in Norman, Norman.
What is the average sales price for listings in 307 Hoffman Drive?
The average sales price for units in 307 Hoffman Drive is $0 currently.

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