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5400 Cottonwood Creek Circle

5400 Cottonwood Creek Circle, Norman, OK 73069
Property in Cleveland
Sold May 24, 2018
$780,000
$280,000 by Simmons Bank
Mortgage Due Mar 01, 2053
Sold Sep 14, 2015
$120,000
$96,000 by First United Bank & Trust Co
Mortgage Due Sep 05, 2025
Local assessors in Norman, OK have categorized 5400 Cottonwood Creek Circle as a residential type of property. The home was built in 2017 and is 7 years old. The property's lot size has been calculated to be 88,427 square feet. 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 5 full bathrooms. There are also 6 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 5400 Cottonwood Creek Circle has a total of 4,209 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. 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. The building has a hip style roof that was made of asphalt. Lots of unknown were used in the construction of the exterior walls of the home. 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, 5400 Cottonwood Creek Circle sold most recently in May 21, 2018 for a total of $780,000. If you work out the math, that's approximately a cost of $151.37 per sqft. Before that, the property was also sold for $120,000 in Aug 28, 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 $11,473 in taxes each year. 5400 Cottonwood Creek Circle was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $96,448. If we break it down further, the land itself was valued at $15,713. Improvements to the property, however, were assessed at a total of $80,735. 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: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: Average
  • Construction Type: Steel
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 88,427
  • Total Building Area: 5,153
  • Building Area: 4,209
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,209
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COTTONWOOD CREEK
  • Land Acres: 2.03
  • Standard Land Use Code: Single family residential
  • Legal Description 1: COTTONWOOD CREEK LOT 3

Ownership

  • Current Owner : SAUMUR MICHAEL JOHN
  • Current Owner 2: SAUMUR CHRISTINA ELIZABETH
  • Previous Owner : GUDGEL JASON L
  • Previous Owner 2: GUDGEL RENEE M
  • Owner Before Previous Owner: LOHMAN INVESTMENTS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Moore Public Schools
  • School Tax School District: MOORE SD
  • Census Tract: 201509

Geography

  • Account Number: 167808
  • Parcel: R0167808
  • Lot: 3
  • Meridian: SEC 01 TWN 09 RNG 03W
  • Municipality: MOORE SD-NORMAN
  • Latitude: 35.2855
  • Longitude: -97.4757

    Address

  • Full Address: 5400 Cottonwood Creek Cir
  • Address - House Number: 5400
  • Address - Street Name: Cottonwood Creek
  • Address - Suffix Type: Cir
  • State: OK
  • City Name: Norman
  • Carrier Code: R016
  • 4-Digit Zip Code: 8529
  • Zip Code: 73069

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $11,473
  • Tax Rate Code Area: NCC2

    Appraisal Valuation

  • Standard Deviation: 0.1408
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 83
  • Final Value: 769,820
  • High Value: 878,212
  • Low Value: 661,428

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $280,000
  • First Open Lien Mortgage Lender: SIMMONS BANK
  • First Open Lien Mortgage Recording Date: Apr 04, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $280,000
  • 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: Mar 01, 2053

    Market Valuation

  • Market Total Value: $882,278
  • Market Land Value: $143,746
  • Market Improvement Value: $738,532

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $96,448
  • Assessed Land Value: $15,713
  • Assessed Improvements Value: $80,735

    Sales

  • Current Sale Contract Date: May 21, 2018
  • Current Sale Recording Date: May 24, 2018
  • Current Sale Transaction ID: 11467685691
  • Current Sale Price: $780,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R 2018 15968
  • Previous Sale Recording Date: Sep 14, 2015
  • Previous Sale Contract Date: Aug 28, 2015
  • Previous Sale Amount: $120,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK SNB
  • First Mortgage Transaction Date: May 24, 2018
  • First Mortgage Loan Amount: $741,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jun 01, 2048

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: FIRST UNITED BANK & TRUST CO
  • Previous Mortgage Transaction Date: Sep 14, 2015
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $96,000
  • Previous Mortgage Term: 120
  • Previous Mortgage Loan Type: Credit Line (Revolving)
  • Previous Mortgage Loan Due Date: Sep 05, 2025

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Frequently Asked Questions

What neighborhood is 5400 Cottonwood Creek Circle located in?
The 5400 Cottonwood Creek Circle is a located in the neighborhood of Cleveland in Norman, Norman.
What is the average sales price for listings in 5400 Cottonwood Creek Circle?
The average sales price for units in 5400 Cottonwood Creek Circle is $0 currently.

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