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3102 Terrace Park Trail

3102 Terrace Park Trail, Norman, OK 73069
Property in Cleveland
Sold Jul 21, 2017
$390,500
$380,000 by Exchange Bank & Trust Company
Mortgage Due Sep 01, 2051
Sold Apr 21, 2015
$58,000
$264,245 by Midfirst Bank
Mortgage Due Apr 19, 2016
Local assessors in Norman, OK have categorized 3102 Terrace Park Trail as a residential type of property. The home was built in 2015 and is 9 years old. The property's lot size has been calculated to be 11,369 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional 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, 4 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 single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3102 Terrace Park Trail has a total of 2,421 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 694 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 roof that is 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, 3102 Terrace Park Trail sold most recently in Jul 18, 2017 for a total of $390,500. If you work out the math, that's approximately a cost of $125.36 per sqft. Before that, the property was also sold for $58,000 in Apr 20, 2015. 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 $5,714 in taxes each year. 3102 Terrace Park Trail was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $47,594. If we break it down further, the land itself was valued at $6,600. Improvements to the property, however, were assessed at a total of $40,994. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 2015
  • Effective Year Built: 2015
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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 Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 694
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 11,369
  • Total Building Area: 3,115
  • Gross Building Area: 3,115
  • Building Area: 2,421
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,421
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HIGHLAND VILLAGE 7
  • Land Acres: 0.261
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HIGHLAND VILLAGE 7 LOT 4 BLOCK 4

Ownership

  • Current Owner : STANEK MATTHEW P
  • Current Owner 2: STANEK SHEILA J
  • Previous Owner : BROOKFIELD CUSTOM HOMES LLC
  • Owner Before Previous Owner: HIGHLAND HILLS LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Norman Public Schools
  • School Tax School District: NORMAN SD
  • Census Tract: 201509

Geography

  • Account Number: 168511
  • Parcel: R0168511
  • Block: 4
  • Lot: 4
  • Meridian: SEC 18 TWN 09 RNG 02W
  • Municipality: NORMAN SD
  • Latitude: 35.2558
  • Longitude: -97.4481

    Address

  • Full Address: 3102 Terrace Park Trl
  • Address - House Number: 3102
  • Address - Street Name: Terrace Park
  • Address - Suffix Type: Trl
  • State: OK
  • City Name: Norman
  • Carrier Code: R032
  • 4-Digit Zip Code: 7586
  • Zip Code: 73069

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,714
  • Tax Rate Code Area: NC29

    Appraisal Valuation

  • Standard Deviation: 0.1608
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 79
  • Final Value: 488,449
  • High Value: 567,038
  • Low Value: 409,859

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $380,000
  • First Open Lien Mortgage Lender: EXCHANGE BANK & TRUST COMPANY
  • First Open Lien Mortgage Recording Date: Aug 19, 2021
  • First Open Lien Mortgage Loan Amount: $380,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2051

    Market Valuation

  • Market Total Value: $396,618
  • Market Land Value: $55,000
  • Market Improvement Value: $341,618

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $47,594
  • Assessed Land Value: $6,600
  • Assessed Improvements Value: $40,994

    Sales

  • Current Sale Contract Date: Jul 18, 2017
  • Current Sale Recording Date: Jul 21, 2017
  • Current Sale Transaction ID: 1590345005
  • Current Sale Price: $390,500
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: R 2017 23861
  • Previous Sale Recording Date: Apr 21, 2015
  • Previous Sale Contract Date: Apr 20, 2015
  • Previous Sale Amount: $58,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: EXCHANGE BANK & TRUST CO
  • First Mortgage Transaction Date: Jul 21, 2017
  • First Mortgage Loan Amount: $370,500
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2037

    Previous Mortgages

  • Previous Mortgage Lender: MIDFIRST BANK
  • Previous Mortgage Transaction Date: Apr 21, 2015
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $264,245
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Apr 19, 2016

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Frequently Asked Questions

What neighborhood is 3102 Terrace Park Trail located in?
The 3102 Terrace Park Trail is a located in the neighborhood of Cleveland in Norman, Norman.
What is the average sales price for listings in 3102 Terrace Park Trail?
The average sales price for units in 3102 Terrace Park Trail is $0 currently.

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