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4801 Wellman Drive

4801 Wellman Drive, Norman, OK 73072
Property in Cleveland
Sold Sep 16, 2020
$375,000
$275,000 by First United Bank & Trust Co
Mortgage Due Oct 01, 2050
Sold Sep 16, 2020
$562,500
$275,000 by First United Bank & Trust Comp
Mortgage
4801 Wellman Drive in Norman, OK was first built in 2008 and is 16 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown style. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 4801 Wellman Drive has 3,266 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. In total, the area measurement of the land is 17,947 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The home has a hip style roof made of asphalt. For those who need parking, there is a attached garage. The garage is 1,024 sqft. There are a total of 4 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 steel 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 good. The exterior walls of the home are made of a combination of material. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. 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. 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, 4801 Wellman Drive sold most recently in Sep 8, 2020 for a total of $375,000. If you work out the math, that's approximately a cost of $87.41 per sqft. Before that, the property was also sold for $562,500 in Jan 1, 1970. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $7,318 in taxes each year. 4801 Wellman Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $60,937. If we break it down further, the land itself was valued at $11,177. Improvements to the property, however, were assessed at a total of $49,760. 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. 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. 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: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Steel
  • Building Style: Unknown
  • Exterior Walls Type: Combination
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 1,024
  • Parking Space Count: 4
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 17,947
  • Total Building Area: 4,290
  • Gross Building Area: 4,290
  • Building Area: 3,266
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,266
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ARBOR LAKE 5
  • Land Acres: 0.412
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ARBOR LAKE SEC 5 LOT 8 BLOCK 2

Ownership

  • Current Owner : WILCOX ERIC
  • Current Owner 2: WILCOX KELLY
  • Previous Owner : INGRAM SANDRA D
  • Previous Owner 2: INGRAM DARRELL L
  • Owner Before Previous Owner: INGRAM SANDRA D
  • Owner Before Previous Owner 2: INGRAM DARRELL L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Revocable Trust

Neighborhood

  • School District Name: Norman Public Schools
  • School Tax School District: NORMAN SD
  • Census Tract: 201514

Geography

  • Assessors Map Reference: 9N-3W-28-NE
  • Account Number: 147816
  • Section: 5
  • Parcel: R0147816
  • Block: 2
  • Lot: 8
  • Meridian: SEC 28 TWN 09 RNG 03W
  • Municipality: NORMAN SD
  • Latitude: 35.2325
  • Longitude: -97.5124

    Address

  • Full Address: 4801 Wellman Dr
  • Address - House Number: 4801
  • Address - Street Name: Wellman
  • Address - Suffix Type: Dr
  • State: OK
  • City Name: Norman
  • Carrier Code: R010
  • 4-Digit Zip Code: 3725
  • Zip Code: 73072

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,318
  • Tax Rate Code Area: NC29

    Appraisal Valuation

  • Standard Deviation: 0.1709
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 543,310
  • High Value: 636,178
  • Low Value: 450,442

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $275,000
  • First Open Lien Mortgage Lender: FIRST UNITED BANK & TRUST CO
  • First Open Lien Mortgage Recording Date: Sep 16, 2020
  • First Open Lien Mortgage Loan Amount: $275,000
  • 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: Oct 01, 2050

    Market Valuation

  • Market Total Value: $527,739
  • Market Land Value: $96,800
  • Market Improvement Value: $430,939

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $60,937
  • Assessed Land Value: $11,177
  • Assessed Improvements Value: $49,760

    Sales

  • Current Sale Contract Date: Sep 08, 2020
  • Current Sale Recording Date: Sep 16, 2020
  • Current Sale Transaction ID: 11787987993
  • Current Sale Price: $375,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R 2020 33224
  • Previous Sale Recording Date: Sep 16, 2020
  • Previous Sale Amount: $562,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST UNITED BANK & TRUST CO
  • First Mortgage Transaction Date: Sep 16, 2020
  • First Mortgage Loan Amount: $275,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: FIRST UNITED BANK & TRUST COMP
  • Previous Mortgage Transaction Date: Sep 16, 2020
  • Previous Mortgage Loan Amount: $275,000
  • Previous Mortgage Loan Type: New Conventional

About Norman



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Frequently Asked Questions

What neighborhood is 4801 Wellman Drive located in?
The 4801 Wellman Drive is a located in the neighborhood of Cleveland in Norman, Norman.
What is the average sales price for listings in 4801 Wellman Drive?
The average sales price for units in 4801 Wellman Drive is $0 currently.

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