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505 Lone Oak Dr; Norman, OK Property Details

505 Lone Oak Dr, Norman, OK is a Single Family that was built in 2003. This property is currently a cash purchase and is not for sale. Our records show that 505 Lone Oak Dr has 3 bedrooms, and 2 bathrooms, and a total of 1,524 square feet. The lot size of 505 Lone Oak Dr is 7,405 square feet.

Off market
505 Lone Oak Dr Norman, OK 73071
$147,900 Listing Price
3 Beds
2 Baths
1,524 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 2003
  • Purchase Price: $146,500
  • Open Loans / Balance: 1 / $93,267
  • Est. Equity / %: $148,733 / 61.46%
  • Gross Yield: 7.81%
  • APN: R0115334
  • Situs County: Cleveland
  • Length Of Ownership: 16 years, 3 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 5

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: 1,524/SqFt
  • Lot: 7,405/SqFt
  • Gross: 2,058/SqFt
  • Garage: 534/SqFt
  • Living: 1,524/SqFt
  • Building: 2,058/SqFt
  • Ground: 1,524/SqFt
  • Price Per Square Foot: $96.13

Legal Description

  • Description: ROYAL OAKS SEC 7 LOT 2 BLOCK 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: 35.223682 / -97.40498
  • Subdivision: Royal Oaks
  • Property Class: Residential
  • County Use Code: SF

Amenities

  • Plus Four: 2166
  • Bathroom Fixtures: 10
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Central
  • Parking: 2

HOA

  • H O A One: $180
  • H O A Amount: $180
  • H O A One Frequency: Annual
  • H O A One Name: Royal Oaks Home Owners Assoc
  • H O A One Type: Home Owner Association
  • H O A Two Name: Royal Oaks Sec 8 Homeowners Assoc
  • H O A Two Type: Home Owner Association

Ownership Info

505 Lone Oak Dr has no associated ownership info
505 Lone Oak Dr has no associated ownership info.

Taxes

505 Lone Oak Dr has 10 associated Taxes items

505 Lone Oak 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 $21,299. The APN we've located for 505 Lone Oak Dr is R0115334.

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Taxes
  • Assessed Value:  $21,299
  • Assessed Year:  2025
  • Assessed County:  Cleveland
  • APN:  R0115334
  • Assessed Land Value:  3444
  • Market Land Value:  35518
  • Tax Amount:  2556
  • Tax Year:  2025
  • Market Value:  219652
  • Market Year:  2025

Tax History

505 Lone Oak Dr has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $21,299 Land Value $3,444 Improvement Value $17,855 Tax Amount $2,556 Change Rate +0.051852% Assessed CR Tax Rate +0.120006%
Year 2024 Assessed Value $20,285 Land Value $3,363 Improvement Value $16,922 Tax Amount $2,430 Change Rate +0.046963% Assessed CR Tax Rate +0.119793%
Year 2023 Assessed Value $19,319 Land Value $3,777 Improvement Value $15,542 Tax Amount $2,321 Change Rate +0.095845% Assessed CR Tax Rate +0.120141%
Year 2022 Assessed Value $18,399 Land Value $3,594 Improvement Value $14,805 Tax Amount $2,118 Change Rate -0.004231% Assessed CR Tax Rate +0.115115%
Year 2021 Assessed Value $17,523 Land Value $3,718 Improvement Value $13,805 Tax Amount $2,127 Change Rate +0.072617% Assessed CR Tax Rate +0.121383%
Year 2020 Assessed Value $16,689 Land Value $2,640 Improvement Value $14,049 Tax Amount $1,983 Change Rate -0.016857% Assessed CR Tax Rate +0.118821%
Year 2019 Assessed Value $16,689 Land Value $2,640 Improvement Value $14,049 Tax Amount $2,017 Change Rate +0.031714% Assessed CR Tax Rate +0.120858%
Year 2018 Assessed Value $16,689 Land Value $2,640 Improvement Value $14,049 Tax Amount $1,955 Change Rate -0.011628% Assessed CR Tax Rate +0.117143%
Year 2017 Assessed Value $16,689 Land Value Improvement Value Tax Amount $1,978 Change Rate -0.01592% Assessed CR Tax Rate +0.118521%
Year 2016 Assessed Value $16,689 Land Value $2,640 Improvement Value $14,049 Tax Amount $2,010 Change Rate +0.049329% Assessed CR Tax Rate +0.120439%
Year 2015 Assessed Value $16,398 Land Value $2,640 Improvement Value $13,758 Tax Amount $1,915.51 Change Rate -0.009555% Assessed CR Tax Rate +0.116814%
Year 2014 Assessed Value $16,397 Land Value $2,640 Improvement Value $13,757 Tax Amount $1,933.99 Change Rate Assessed CR Tax Rate +0.117948%