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520 South Timber Lane

520 South Timber Lane, Oklahoma City, OK 73130
Property in Oklahoma
Sold Dec 26, 2007
$115,000
$113,173 by Citimac Mortgage Solutions Llc
Mortgage Due Jan 01, 2038
Sold Jun 02, 1999
$74,000
520 South Timber Lane has been categorized by the local assessors in Oklahoma City, OK as a residential type of property. The building on the property was first built in 1973 and is 51 years old. However, we must point out that the home was most recently renovated and altered in 2007. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 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, 520 South Timber Lane has 1,470 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 36,242 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler 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 529 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 fair. 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 frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a hip style roof made of composition shingle. The exterior walls of the building are made of a combination of material. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 520 South Timber Lane was last sold in Dec 14, 2007 for $115,000. According to our calculations, that's $78.23 per sqft. Prior to that sales transaction, the property was sold for $74,000 in May 28, 1999. Current property owners are expected to pay $1,982 in taxes per year. The property on 520 South Timber Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $16,424. To break that down further, the land itself was valued at $3,196. While improvements to the property were assessed at a total of $13,228. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or 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: 2007
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Combination
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 529
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 36,242
  • Total Building Area: 1,470
  • Gross Building Area: 1,470
  • Building Area: 1,470
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,470
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: UNPLTD PT SEC 06 11N 1W
  • Land Acres: 0.832
  • Standard Land Use Code: Single family residential
  • Legal Description 1: UNPLTD PT SEC 06 11N 1W 000 000 PT NE4 SEC 6 11N 1W BEING LOT 17 GLENDALE ACR UNREC

Ownership

  • Current Owner : KRUSE KEVIN
  • Current Owner 2: KRUSE BRENDA
  • Previous Owner : CHAPTER KATHLEEN M
  • Owner Before Previous Owner: SPENCER LESLIE T
  • Owner Before Previous Owner 2: SPENCER TRACIE L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Choctaw/Nicoma Park Schools
  • School Tax School District: CHOCTAW-NPARK S
  • Census Tract: 108706

Geography

  • Assessors Map Reference: 11N-1W-06-NE
  • Account Number: R155900512
  • Parcel: 155900512
  • Lot: 17
  • Meridian: NE4 SEC 06 TWN 11N RNG 01W
  • Municipality: MIDWEST CITY
  • Latitude: 35.4611
  • Longitude: -97.3435

    Address

  • Full Address: 520 S Timber Ln
  • Address - House Number: 520
  • Street Direction: S
  • Address - Street Name: Timber
  • Address - Suffix Type: Ln
  • State: OK
  • City Name: Oklahoma City
  • Carrier Code: C060
  • 4-Digit Zip Code: 5031
  • Zip Code: 73130

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,982
  • Tax Rate Code Area: 604

    Appraisal Valuation

  • Standard Deviation: 0.2056
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 72
  • Final Value: 213,003
  • High Value: 256,806
  • Low Value: 169,199

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $113,173
  • First Open Lien Mortgage Lender: CITIMAC MORTGAGE SOLUTIONS LLC
  • First Open Lien Mortgage Recording Date: Dec 26, 2007
  • First Open Lien Mortgage Loan Amount: $113,173
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2038

    Market Valuation

  • Market Total Value: $197,500
  • Market Land Value: $38,432
  • Market Improvement Value: $159,068

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,424
  • Assessed Land Value: $3,196
  • Assessed Improvements Value: $13,228

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 14, 2007
  • Current Sale Recording Date: Dec 26, 2007
  • Current Sale Transaction ID: 1084344435
  • Current Sale Price: $115,000
  • Current Sale Document Type: Joint Tenancy Deed
  • Current Sale Input Document Number: 2007181710
  • Previous Sale Recording Date: Jun 02, 1999
  • Previous Sale Contract Date: May 28, 1999
  • Previous Sale Amount: $74,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIMAC MORTGAGE SOLUTIONS LLC
  • First Mortgage Transaction Date: Dec 26, 2007
  • First Mortgage Loan Amount: $113,173
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2038

About Midwest City



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Frequently Asked Questions

What neighborhood is 520 South Timber Lane located in?
The 520 South Timber Lane is a located in the neighborhood of Oklahoma in Midwest City, Oklahoma City.
What is the average sales price for listings in 520 South Timber Lane?
The average sales price for units in 520 South Timber Lane is $0 currently.

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