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501 Terrace Pl; Norman, OK Property Details

501 Terrace Pl, Norman, OK is a Single Family that was built in 1960. This property is not for sale. Our records show that 501 Terrace Pl has 3 bedrooms, and 2 bathrooms, and a total of 2,624 square feet. The lot size of 501 Terrace Pl is 21,780 square feet.

Off market
501 Terrace Pl Norman, OK 73069
$22,282 Estimated Value
3 Beds
2 Baths
2,624 SqFt
Property Details

Summary

  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1960
  • Open Loans / Balance: 1 / $11,406
  • Est. Equity / %: $314,594 / 96.5%
  • Gross Yield: 9.998%
  • APN: R0039728
  • Situs County: Cleveland

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: Hip
  • Roof Cover Type: Asphalt
  • Sewer Type: Municipal
  • Water Source: Municipal

Measurements

  • Total: 2,624/SqFt
  • Lot: 21,780/SqFt
  • Gross: 3,176/SqFt
  • Garage: 552/SqFt
  • Living: 2,624/SqFt
  • Basement: 210/SqFt
  • Building: 3,176/SqFt
  • Ground: 2,414/SqFt
  • Basement Finished: 210/SqFt

Legal Description

  • Description: NORMANDY PARK LOT 6 BLK 3
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: AE / High Risk
  • School District: Norman Public Schools
  • Lat / Lon: 35.212753 / -97.47825
  • Subdivision: Normandy Park
  • Property Class: Residential
  • Zoning: R1
  • County Use Code: SF

Amenities

  • Plus Four: 5034
  • Bathroom Fixtures: 10
  • Cooling: Central
  • Garage: Attached Garage
  • Heating: Central
  • Parking: 2

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

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

Taxes

501 Terrace Pl has 10 associated Taxes items

501 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 $22,282. The APN we've located for 501 Terrace Pl is R0039728.

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Taxes
  • Assessed Value:  $22,282
  • Assessed Year:  2025
  • Assessed County:  Cleveland
  • APN:  R0039728
  • Assessed Land Value:  4161
  • Market Land Value:  48939
  • Tax Amount:  2554
  • Tax Year:  2025
  • Market Value:  262046
  • Market Year:  2025

Tax History

501 Terrace Pl has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $22,282 Land Value $4,161 Improvement Value $18,121 Tax Amount $2,554 Change Rate +0.03359% Assessed CR Tax Rate +0.114622%
Year 2024 Assessed Value $21,633 Land Value $3,513 Improvement Value $18,120 Tax Amount $2,471 Change Rate +0.028726% Assessed CR Tax Rate +0.114224%
Year 2023 Assessed Value $21,003 Land Value $3,537 Improvement Value $17,466 Tax Amount $2,402 Change Rate +0.076165% Assessed CR Tax Rate +0.114365%
Year 2022 Assessed Value $20,391 Land Value $2,400 Improvement Value $17,991 Tax Amount $2,232 Change Rate -0.051827% Assessed CR Tax Rate +0.10946%
Year 2021 Assessed Value $20,391 Land Value $2,400 Improvement Value $17,991 Tax Amount $2,354 Change Rate +0.022145% Assessed CR Tax Rate +0.115443%
Year 2020 Assessed Value $20,391 Land Value $2,400 Improvement Value $17,991 Tax Amount $2,303 Change Rate -0.016652% Assessed CR Tax Rate +0.112942%
Year 2019 Assessed Value $20,391 Land Value $2,400 Improvement Value $17,991 Tax Amount $2,342 Change Rate +0.060208% Assessed CR Tax Rate +0.114855%
Year 2018 Assessed Value $19,850 Land Value $2,336 Improvement Value $17,514 Tax Amount $2,209 Change Rate +0.019852% Assessed CR Tax Rate +0.111285%
Year 2017 Assessed Value $20,392 Land Value Improvement Value Tax Amount $2,166 Change Rate +0.014995% Assessed CR Tax Rate +0.106218%
Year 2016 Assessed Value $18,710 Land Value $2,202 Improvement Value $16,508 Tax Amount $2,134 Change Rate +0.064297% Assessed CR Tax Rate +0.114057%
Year 2015 Assessed Value $18,165 Land Value $2,151 Improvement Value $16,014 Tax Amount $2,005.08 Change Rate +0.021822% Assessed CR Tax Rate +0.110382%
Year 2014 Assessed Value $17,636 Land Value $2,088 Improvement Value $15,548 Tax Amount $1,962.26 Change Rate Assessed CR Tax Rate +0.111264%