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705 Sedona Drive

705 Sedona Drive, Norman, OK 73071
Property in Cleveland
Sold Sep 25, 2017
$279,000
$237,145 by Cwm Partners Lp
Mortgage Due Oct 01, 2032
Sold May 08, 2017
$34,000
$20,000,000 by Wells Fargo Bank Na
Mortgage
Local assessors in Norman, OK have categorized 705 Sedona Drive 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 8,233 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, 4 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 2 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 705 Sedona Drive has a total of 2,077 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 a combination of material 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, 705 Sedona Drive sold most recently in Sep 22, 2017 for a total of $279,000. If you work out the math, that's approximately a cost of $100.61 per sqft. Before that, the property was also sold for $34,000 in May 4, 2017. 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 $3,939 in taxes each year. 705 Sedona Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $33,795. If we break it down further, the land itself was valued at $5,084. Improvements to the property, however, were assessed at a total of $28,711. 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. 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.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: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Steel
  • Exterior Walls Type: Combination
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,233
  • Total Building Area: 2,773
  • Building Area: 2,077
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,077
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RED CANYON RANCH 5
  • Land Acres: 0.189
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RED CANYON RANCH 5 LOT 35 BLOCK 1

Ownership

  • Current Owner : GIBSON CHRISTOPHER
  • Current Owner 2: GIBSON STEPHANIE
  • Previous Owner : IDEAL HOMES OF NORMAN LP
  • Owner Before Previous Owner: SWEETGRASS PARTNERS LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Norman Public Schools
  • School Tax School District: NORMAN SD
  • Census Tract: 201403

Geography

  • Account Number: 170483
  • Parcel: R0170483
  • Block: 1
  • Lot: 35
  • Meridian: SEC 08 TWN 09 RNG 02W
  • Municipality: NORMAN SD
  • Latitude: 35.2635
  • Longitude: -97.4302

    Address

  • Full Address: 705 Sedona Dr
  • Address - House Number: 705
  • Address - Street Name: Sedona
  • Address - Suffix Type: Dr
  • State: OK
  • City Name: Norman
  • Carrier Code: R037
  • 4-Digit Zip Code: 9507
  • Zip Code: 73071

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,939
  • Tax Rate Code Area: NC29

    Appraisal Valuation

  • Standard Deviation: 0.1416
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 83
  • Final Value: 376,673
  • High Value: 430,028
  • Low Value: 323,317

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $237,145
  • First Open Lien Mortgage Lender: CWM PARTNERS LP
  • First Open Lien Mortgage Recording Date: Sep 25, 2017
  • First Open Lien Mortgage Loan Amount: $237,145
  • 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: Oct 01, 2032

    Market Valuation

  • Market Total Value: $334,970
  • Market Land Value: $50,400
  • Market Improvement Value: $284,570

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,795
  • Assessed Land Value: $5,084
  • Assessed Improvements Value: $28,711

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 22, 2017
  • Current Sale Recording Date: Sep 25, 2017
  • Current Sale Transaction ID: 1397553713
  • Current Sale Price: $279,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: R 2017 31777
  • Previous Sale Recording Date: May 08, 2017
  • Previous Sale Contract Date: May 04, 2017
  • Previous Sale Amount: $34,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CWM PARTNERS LP
  • First Mortgage Transaction Date: Sep 25, 2017
  • First Mortgage Loan Amount: $237,145
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2032

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: May 08, 2017
  • Previous Mortgage Loan Amount: $20,000,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan

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Frequently Asked Questions

What neighborhood is 705 Sedona Drive located in?
The 705 Sedona Drive is a located in the neighborhood of Cleveland in Norman, Norman.
What is the average sales price for listings in 705 Sedona Drive?
The average sales price for units in 705 Sedona Drive is $0 currently.

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