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3105 Terrace Park Trail

3105 Terrace Park Trail, Norman, OK 73069
Property in Cleveland
Sold Nov 01, 2017
$300,000
$263,300 by 1st Capital Mortgage Llc
Mortgage Due Dec 01, 2035
Local assessors in Norman, OK have categorized 3105 Terrace Park Trail as a residential type of property. The home was built in 2016 and is 8 years old. The property's lot size has been calculated to be 9,932 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, 3 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 2 full bathrooms. There are also 3 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 3105 Terrace Park Trail has a total of 2,243 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 662 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 a unknown so you'll have a great option in the front 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 hip 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, 3105 Terrace Park Trail sold most recently in Oct 26, 2017 for a total of $300,000. If you work out the math, that's approximately a cost of $103.27 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 $4,827 in taxes each year. 3105 Terrace Park Trail was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $40,199. 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 $33,599. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 662
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,932
  • Total Building Area: 2,905
  • Gross Building Area: 2,905
  • Building Area: 2,243
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,243
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HIGHLAND VILLAGE 7
  • Land Acres: 0.228
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HIGHLAND VILLAGE 7 LOT 5 BLOCK 2

Ownership

  • Current Owner : BOSTON JONATHAN
  • Current Owner 2: BOSTON JANELLE
  • Previous Owner : BROOKFIELD CUSTOM HOMES LLC
  • 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: 201509

Geography

  • Account Number: 168483
  • Parcel: R0168483
  • Block: 2
  • Lot: 5
  • Meridian: SEC 18 TWN 09 RNG 02W
  • Municipality: NORMAN SD
  • Latitude: 35.2558
  • Longitude: -97.4475

    Address

  • Full Address: 3105 Terrace Park Trl
  • Address - House Number: 3105
  • Address - Street Name: Terrace Park
  • Address - Suffix Type: Trl
  • State: OK
  • City Name: Norman
  • Carrier Code: R032
  • 4-Digit Zip Code: 7585
  • Zip Code: 73069

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,827
  • Tax Rate Code Area: NC29

    Appraisal Valuation

  • Standard Deviation: 0.1608
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 79
  • Final Value: 390,655
  • High Value: 453,510
  • Low Value: 327,800

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $263,300
  • First Open Lien Mortgage Lender: 1ST CAPITAL MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Dec 02, 2020
  • First Open Lien Mortgage Loan Amount: $263,300
  • 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: Dec 01, 2035

    Market Valuation

  • Market Total Value: $334,994
  • Market Land Value: $55,000
  • Market Improvement Value: $279,994

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,199
  • Assessed Land Value: $6,600
  • Assessed Improvements Value: $33,599

    Sales

  • Current Sale Contract Date: Oct 26, 2017
  • Current Sale Recording Date: Nov 01, 2017
  • Current Sale Transaction ID: 11303497727
  • Current Sale Price: $300,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: R 2017 36109

    Last Sale Mortgage

  • First Mortgage Lender: CHURCHILL MORTGAGE CORP
  • First Mortgage Transaction Date: Nov 01, 2017
  • First Mortgage Loan Amount: $269,910
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2047

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Frequently Asked Questions

What neighborhood is 3105 Terrace Park Trail located in?
The 3105 Terrace Park Trail is a located in the neighborhood of Cleveland in Norman, Norman.
What is the average sales price for listings in 3105 Terrace Park Trail?
The average sales price for units in 3105 Terrace Park Trail is $0 currently.

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