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5551 Northwest 5th Street

5551 Northwest 5th Street, Oklahoma City, OK 73127
1 Units For Sale
Unit for sale at 5551 NW 5th Street, Oklahoma City, OK 73127

$1,600,000

  • Commercial
5551 NW 5th Street, Oklahoma City, OK 73127 Listing by Victoria Dang

5551 Northwest 5th Street in Oklahoma City, OK was first built in 1963 and is 61 years old. Although, the building on the property was most recently renovated and altered in 1975. This has been categorized as a industrial property type. For those interested in architecture, the building on the property was built in a unknown style. It is a single story home. 5551 Northwest 5th Street has 30,600 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 134,828 square feet.

Learn more about the property and building on this page. The building type has been coded as 4. The code stands for buildings that have wood or wood and steel frames.. The home has a flat style roof made of asphalt and ply sheets in a built-up roof style. 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 wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as fair. The exterior walls of the home are made of materials we are unsure of. As for heating, the home is utilizing a space/suspended heating system. The property was last sold in Dec 8, 2023 for $1,450,000. That's $47.39 per sqft. Prior to that sales transaction, the property was also sold in Mar 24, 2021 for $1,600,000. 5551 Northwest 5th Street was last assessed in 2023. The total value of the property was assessed at $176,041. Specifically, the land the property is located on was valued at $40,785. While improvements on the property were assessed at a total of $135,256. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $21,461. The initial tax year of delinquency was in 2022. 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.

Building Features

Exterior

Brick Exterior
Metal Exterior
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20201219
12/19/2020
Loft
-
30600 ft²
$5,000,000
bedrooms
Loft
bathrooms
-
square feet
30600 ft²
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Unknown
  • Exterior Walls Type: Other
  • Roof Shape Type: Flat
  • Roof Cover Type: Built-up
  • Floor Count: 1
  • Living Units: 1
  • Business/Commerical Units Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 134,828
  • Total Building Area: 30,600
  • Gross Building Area: 30,600
  • Building Area: 30,600
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Space/suspended
  • Heated Square Feet: 30,600
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Wood &/or steel frames
  • Property Class: Industrial
  • Subdivision: UNPLTD PT SEC 34 12N 4W
  • Land Acres: 3.095
  • Standard Land Use Code: Light industrial
  • Legal Description 1: UNPLTD PT SEC 34 12N 4W 000 000 PT NW4 SEC 34 12N 4W BEG 1420.23FT NELY ALONG N LINE NW 5TH ST & W LINE NW4 TH NWLY414.40FT W150.90FT N329.80FT E239.14FT SELY723.06FT SWLY145FT TO BEG SUBJ TO ESMTS

Ownership

  • Current Owner : NEW ROAD LLC
  • Previous Owner : 4M1W REAL ESTATE LLC
  • Owner Before Previous Owner: BENT WOOD CREEK LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Putnam City Public Schools
  • School Tax School District: PUTNAM CITY SD
  • Census Tract: 106913

Geography

  • Assessors Map Reference: 12N-4W-34-NW
  • Account Number: R147819555
  • Parcel: 147819555
  • Meridian: NW4 SEC 34 TWN 12N RNG 04W
  • Municipality: OKLAHOMA CITY
  • Latitude: 35.4739
  • Longitude: -97.6141

    Address

  • Full Address: 5551 Nw 5th St
  • Address - House Number: 5551
  • Street Direction: NW
  • Address - Street Name: 5th
  • Address - Suffix Type: St
  • State: OK
  • City Name: Oklahoma City
  • Carrier Code: C051
  • 4-Digit Zip Code: 5811
  • Zip Code: 73127

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $21,461
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 501

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,150,000
  • First Open Lien Mortgage Lender: FIRST NAT'L BANK OF OKLAHOMA
  • First Open Lien Mortgage Recording Date: Dec 08, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,150,000
  • First Open Lien Mortgage Term: 142
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 30, 2035

    Market Valuation

  • Market Total Value: $1,600,380
  • Market Land Value: $370,777
  • Market Improvement Value: $1,229,603

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $176,041
  • Assessed Land Value: $40,785
  • Assessed Improvements Value: $135,256

    Sales

  • Current Sale Contract Date: Dec 08, 2023
  • Current Sale Recording Date: Dec 08, 2023
  • Current Sale Transaction ID: 11917774232
  • Current Sale Price: $1,450,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 160534
  • Previous Sale Recording Date: Apr 08, 2021
  • Previous Sale Contract Date: Mar 24, 2021
  • Previous Sale Amount: $1,600,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST NAT'L BANK OF OKLAHOMA
  • First Mortgage Transaction Date: Dec 08, 2023
  • First Mortgage Loan Amount: $1,150,000
  • First Mortgage Terms: 142
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 30, 2035

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Central Oklahoma City



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Frequently Asked Questions

What neighborhood is 5551 Northwest 5th Street located in?
The 5551 Northwest 5th Street is a commercial located in the neighborhood of Central Oklahoma City in Central Oklahoma City, Oklahoma City.
How many listings are currently for sale in 5551 Northwest 5th Street?
This is a single-family home. The property is currently on the market for sale.
What is the average sales price for listings in 5551 Northwest 5th Street?
The average sales price for units in 5551 Northwest 5th Street is $1,600,000 currently.

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