Large Location Icon

2701 Summit Terrace Dr; Norman, OK Property Details

2701 Summit Terrace Dr, Norman, OK is a Single Family that was built in 2014. This property is currently Financed,New Construction and is not for sale. Our records show that 2701 Summit Terrace Dr has 4 bedrooms, and 2 bathrooms, and a total of 1,896 square feet. The lot size of 2701 Summit Terrace Dr is 8,407 square feet.

Off market
2701 Summit Terrace Dr Norman, OK 73071
$215,900 Listing Price
4 Beds
2 Baths
1,896 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Trust
  • Owner Status: Trust
  • Year Built: 2014
  • Purchase Price: $216,000
  • Est. Equity / %: $343,000 / 100%
  • Gross Yield: 6.948%
  • APN: R0166002
  • Situs County: Cleveland
  • Length Of Ownership: 11 years, 5 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full Bathrooms: 2

Structure

  • Building Style: Steel
  • Stories: 1
  • Exterior Wall Type: Combination
  • Interior Wall Type: Gypsum Board (Drywall, Sheetrock, etc.)
  • Building Condition: Average
  • Building Quality: C
  • Roof Type: Hip
  • Roof Cover Type: Asphalt

Measurements

  • Total: 1,896/SqFt
  • Lot: 8,407/SqFt
  • Gross: 2,568/SqFt
  • Garage: 672/SqFt
  • Living: 1,896/SqFt
  • Building: 2,568/SqFt
  • Ground: 1,896/SqFt
  • Price Per Square Foot: $113.92

Legal Description

  • Description: SUMMIT LAKES 8 LOT 4 BLOCK 4
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Norman Public Schools
  • Lat / Lon: 35.208782 / -97.40072
  • Subdivision: Summit Lakes 8
  • Property Class: Residential
  • County Use Code: SF

Amenities

  • Plus Four: 7191
  • Bathroom Fixtures: 10
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Central
  • Parking: 2

HOA

  • H O A One: $33
  • H O A Amount: $33
  • H O A One Frequency: Monthly
  • H O A One Name: Summit Lakes Property Owners Assoc
  • H O A One Type: Home Owner Association

Ownership Info

2701 Summit Terrace Dr has no associated ownership info
2701 Summit Terrace Dr has no associated ownership info.

Taxes

2701 Summit Terrace Dr has 10 associated Taxes items

2701 Summit Terrace Dr, Norman, OK pays taxes in Cleveland County, OK. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $27,721. The APN we've located for 2701 Summit Terrace Dr is R0166002.

Unlock the full report
Taxes
  • Assessed Value:  $27,721
  • Assessed Year:  2025
  • Assessed County:  Cleveland
  • APN:  R0166002
  • Assessed Land Value:  4743
  • Market Land Value:  51835
  • Tax Amount:  3205
  • Tax Year:  2025
  • Market Value:  302951
  • Market Year:  2025

Tax History

2701 Summit Terrace Dr has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $27,721 Land Value $4,743 Improvement Value $22,978 Tax Amount $3,205 Change Rate +0.032206% Assessed CR Tax Rate +0.115616%
Year 2024 Assessed Value $26,914 Land Value $4,614 Improvement Value $22,300 Tax Amount $3,105 Change Rate +0.028827% Assessed CR Tax Rate +0.115367%
Year 2023 Assessed Value $26,130 Land Value $5,083 Improvement Value $21,047 Tax Amount $3,018 Change Rate +0.075169% Assessed CR Tax Rate +0.115499%
Year 2022 Assessed Value $25,369 Land Value $4,935 Improvement Value $20,434 Tax Amount $2,807 Change Rate -0.02161% Assessed CR Tax Rate +0.110647%
Year 2021 Assessed Value $24,630 Land Value $4,200 Improvement Value $20,430 Tax Amount $2,869 Change Rate +0.022088% Assessed CR Tax Rate +0.116484%
Year 2020 Assessed Value $24,630 Land Value $4,200 Improvement Value $20,430 Tax Amount $2,807 Change Rate -0.016468% Assessed CR Tax Rate +0.113967%
Year 2019 Assessed Value $24,630 Land Value $4,200 Improvement Value $20,430 Tax Amount $2,854 Change Rate +0.030697% Assessed CR Tax Rate +0.115875%
Year 2018 Assessed Value $24,630 Land Value $4,200 Improvement Value $20,430 Tax Amount $2,769 Change Rate -0.051062% Assessed CR Tax Rate +0.112424%
Year 2017 Assessed Value $24,630 Land Value Improvement Value Tax Amount $2,918 Change Rate -0.016515% Assessed CR Tax Rate +0.118473%
Year 2016 Assessed Value $24,630 Land Value $4,200 Improvement Value $20,430 Tax Amount $2,967 Change Rate Assessed CR Tax Rate +0.120463%
Year 2015 Assessed Value $10,188 Land Value $371 Improvement Value $9,817 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $371 Land Value $371 Improvement Value Tax Amount Change Rate Assessed CR Tax Rate