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500 Terrace Pl; Norman, OK Property Details

500 Terrace Pl, Norman, OK is a Single Family that was built in 1960. This property is currently Financed and is not for sale. Our records show that 500 Terrace Pl has 3 bedrooms, and 2 bathrooms, and a total of 2,364 square feet. The lot size of 500 Terrace Pl is 12,632 square feet.

Off market
500 Terrace Pl Norman, OK 73069
$288,500 Listing Price
3 Beds
2 Baths
2,364 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1960
  • Purchase Price: $288,500
  • Open Loans / Balance: 1 / $229,563
  • Est. Equity / %: $135,437 / 37.11%
  • Gross Yield: 8.104%
  • APN: R0039718
  • Situs County: Cleveland
  • Length Of Ownership: 5 years, 5 months

Rooms

  • Bedrooms: 3
  • 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: Gable
  • Roof Cover Type: Asphalt
  • Sewer Type: Municipal
  • Water Source: Municipal
  • Deck: true

Measurements

  • Total: 2,364/SqFt
  • Lot: 12,632/SqFt
  • Gross: 2,848/SqFt
  • Garage: 484/SqFt
  • Living: 2,364/SqFt
  • Building: 2,848/SqFt
  • Ground: 2,364/SqFt
  • Price Per Square Foot: $122.04

Legal Description

  • Description: NORMANDY PARK LOT 9 BLK 2
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: 35.212772 / -97.47875
  • Subdivision: Normandy Park
  • Property Class: Residential
  • County Use Code: SF

Amenities

  • Plus Four: 5035
  • Bathroom Fixtures: 12
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Central
  • Parking: 2

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

500 Terrace Pl has no associated ownership info
500 Terrace Pl has no associated ownership info.

Taxes

500 Terrace Pl has 10 associated Taxes items

500 Terrace Pl, 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 $34,555. The APN we've located for 500 Terrace Pl is R0039718.

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Taxes
  • Assessed Value:  $34,555
  • Assessed Year:  2025
  • Assessed County:  Cleveland
  • APN:  R0039718
  • Assessed Land Value:  6261
  • Market Land Value:  52175
  • Tax Amount:  4027
  • Tax Year:  2025
  • Market Value:  287959
  • Market Year:  2025

Tax History

500 Terrace Pl has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $34,555 Land Value $6,261 Improvement Value $28,294 Tax Amount $4,027 Change Rate +0.013847% Assessed CR Tax Rate +0.116539%
Year 2024 Assessed Value $34,163 Land Value $4,467 Improvement Value $29,696 Tax Amount $3,972 Change Rate +0.028216% Assessed CR Tax Rate +0.116266%
Year 2023 Assessed Value $33,168 Land Value $4,541 Improvement Value $28,627 Tax Amount $3,863 Change Rate +0.063309% Assessed CR Tax Rate +0.116468%
Year 2022 Assessed Value $32,547 Land Value $2,400 Improvement Value $30,147 Tax Amount $3,633 Change Rate +0.628418% Assessed CR Tax Rate +0.111623%
Year 2021 Assessed Value $19,384 Land Value $2,400 Improvement Value $16,984 Tax Amount $2,231 Change Rate +0.02152% Assessed CR Tax Rate +0.115095%
Year 2020 Assessed Value $19,384 Land Value $2,400 Improvement Value $16,984 Tax Amount $2,184 Change Rate -0.016659% Assessed CR Tax Rate +0.11267%
Year 2019 Assessed Value $19,384 Land Value $2,400 Improvement Value $16,984 Tax Amount $2,221 Change Rate +0.031584% Assessed CR Tax Rate +0.114579%
Year 2018 Assessed Value $19,385 Land Value $2,400 Improvement Value $16,985 Tax Amount $2,153 Change Rate -0.011932% Assessed CR Tax Rate +0.111065%
Year 2017 Assessed Value $19,385 Land Value Improvement Value Tax Amount $2,179 Change Rate -0.015364% Assessed CR Tax Rate +0.112406%
Year 2016 Assessed Value $19,385 Land Value $2,400 Improvement Value $16,985 Tax Amount $2,213 Change Rate +0.030707% Assessed CR Tax Rate +0.11416%
Year 2015 Assessed Value $19,381 Land Value $2,060 Improvement Value $17,321 Tax Amount $2,147.07 Change Rate -0.009668% Assessed CR Tax Rate +0.110782%
Year 2014 Assessed Value $19,381 Land Value $2,060 Improvement Value $17,321 Tax Amount $2,168.03 Change Rate Assessed CR Tax Rate +0.111864%