Large Location Icon

509 Terrace Pl; Norman, OK Property Details

509 Terrace Pl, Norman, OK is a Single Family that was built in 1961. This property is currently Financed and is not for sale. Our records show that 509 Terrace Pl has 3 bedrooms, and 2.5 bathrooms, and a total of 3,039 square feet. The lot size of 509 Terrace Pl is 23,958 square feet.

Off market
509 Terrace Pl Norman, OK 73069
$271,000 Listing Price
3 Beds
2.5 Baths
3,039 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Trust
  • Owner Status: Trust
  • Year Built: 1961
  • Purchase Price: $271,000
  • Est. Equity / %: $385,000 / 100%
  • Gross Yield: 7.998%
  • APN: R0039729
  • Situs County: Cleveland
  • Length Of Ownership: 17 years, 1 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2.5
  • Full Bathrooms: 2
  • Partial Bathrooms: 1

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
  • Pool Type: Yes
  • Roof Cover Type: Asphalt
  • Sewer Type: Municipal
  • Water Source: Municipal
  • Deck: true

Measurements

  • Total: 3,039/SqFt
  • Lot: 23,958/SqFt
  • Gross: 3,785/SqFt
  • Garage: 746/SqFt
  • Living: 3,039/SqFt
  • Building: 3,785/SqFt
  • Ground: 3,039/SqFt
  • Price Per Square Foot: $89.17

Legal Description

  • Description: NORMANDY PARK LOT 7 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: 35.212402 / -97.47828
  • Subdivision: Normandy Park
  • Property Class: Residential
  • County Use Code: SF

Amenities

  • Pool: true
  • Plus Four: 5034
  • Bathroom Fixtures: 11
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Central
  • Parking: 3

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

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

Taxes

509 Terrace Pl has 10 associated Taxes items

509 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 $26,712. The APN we've located for 509 Terrace Pl is R0039729.

Unlock the full report
Taxes
  • Assessed Value:  $26,712
  • Assessed Year:  2025
  • Assessed County:  Cleveland
  • APN:  R0039729
  • Assessed Land Value:  3823
  • Market Land Value:  49411
  • Tax Amount:  3085
  • Tax Year:  2025
  • Market Value:  345171
  • Market Year:  2025

Tax History

509 Terrace Pl has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $26,712 Land Value $3,823 Improvement Value $22,889 Tax Amount $3,085 Change Rate +0.032809% Assessed CR Tax Rate +0.115491%
Year 2024 Assessed Value $25,934 Land Value $3,279 Improvement Value $22,655 Tax Amount $2,987 Change Rate +0.028936% Assessed CR Tax Rate +0.115177%
Year 2023 Assessed Value $25,178 Land Value $3,682 Improvement Value $21,496 Tax Amount $2,903 Change Rate +0.075185% Assessed CR Tax Rate +0.115299%
Year 2022 Assessed Value $24,445 Land Value $2,400 Improvement Value $22,045 Tax Amount $2,700 Change Rate -0.0513% Assessed CR Tax Rate +0.110452%
Year 2021 Assessed Value $24,445 Land Value $2,400 Improvement Value $22,045 Tax Amount $2,846 Change Rate +0.021903% Assessed CR Tax Rate +0.116425%
Year 2020 Assessed Value $24,445 Land Value $2,400 Improvement Value $22,045 Tax Amount $2,785 Change Rate -0.016596% Assessed CR Tax Rate +0.113929%
Year 2019 Assessed Value $24,445 Land Value $2,400 Improvement Value $22,045 Tax Amount $2,832 Change Rate +0.030943% Assessed CR Tax Rate +0.115852%
Year 2018 Assessed Value $24,446 Land Value $2,400 Improvement Value $22,046 Tax Amount $2,747 Change Rate -0.011159% Assessed CR Tax Rate +0.11237%
Year 2017 Assessed Value $24,446 Land Value Improvement Value Tax Amount $2,778 Change Rate -0.01594% Assessed CR Tax Rate +0.113638%
Year 2016 Assessed Value $24,446 Land Value $2,400 Improvement Value $22,046 Tax Amount $2,823 Change Rate +0.028033% Assessed CR Tax Rate +0.115479%
Year 2015 Assessed Value $24,509 Land Value $2,527 Improvement Value $21,982 Tax Amount $2,746.02 Change Rate -0.009665% Assessed CR Tax Rate +0.112041%
Year 2014 Assessed Value $24,509 Land Value $2,527 Improvement Value $21,982 Tax Amount $2,772.82 Change Rate Assessed CR Tax Rate +0.113135%