NOT LISTED FOR SALE

7006 Lago Ranchero Dr Norman, OK 73026

Franklin-Denver Neighborhood

Estimated Value: $567,000 - $658,000

5 Beds
3 Baths
3,542 Sq Ft
$175/Sq Ft Est. Value

Last Sold October 06, 2021

Last sale price $525,000 $148 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,115/month

31 Days on Market

Highlights

  • Stables
  • Lake, Pond or Stream
  • Traditional Architecture
  • Washington Elementary School Rated A-
  • Wooded Lot
  • Game Room

About This Home

As of October 2021

Custom home on 5 acres in Norman with a 36X36 stable with tack room built in 2017 and 30X50 workshop with loft storage. Recently remolded kitchen complete with induction cooktop, spice racks, and double ovens. Enjoy entertaining on the covered back patio (complete with ceiling fans and speakers)measuring ~13x24 overlooking the back of the property and pond. Merry-go-round, circle driveway, two master bedrooms, bonus storage, and large jetted tub. Many updates to property since 2013: new carpet on stairs 6/21, new deck stain 7/21, new flowerbeds on upper level 2021, new interior paint in most rooms 6/21, kitchen remodel completed 6/2021, pond expansion, tree clearing 4/21, and new dishwasher ~2020 to name a few updates. *Some reserved items

Last Listed By

Sarah McKinney

Independent, REALTORS Listed on: 07/27/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,683

Year Built

  • Built in 1978

Lot Details

  • 5 Acre Lot
  • Northeast Facing Home
  • Cross Fenced
  • Interior Lot
  • Wooded Lot

HOA Fees

  • $8 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 3,542 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Ceiling Fan
  • Game Room
  • Workshop
  • Laundry Room
  • Basement

Kitchen

  • Double Oven
  • Electric Oven
  • Built-In Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Possible Extra Bedroom
  • 3 Full Bathrooms

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • Detached Garage
  • Circular Driveway
  • Additional Parking

Outdoor Features

  • Lake, Pond or Stream
  • Covered Deck
  • Covered patio or porch
  • Separate Outdoor Workshop

Schools

  • Washington Elementary School
  • Irving Middle School
  • Norman High School

Utilities

  • Central Heating and Cooling System
  • Programmable Thermostat
  • Propane
  • Well
  • Water Heater
  • Water Softener
  • Septic Tank

Additional Features

  • Pasture
  • Stables

Community Details

  • Association fees include maintenance common areas
  • Mandatory home owners association

Listing and Financial Details

  • Legal Lot and Block 16 / 2

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,683

Year Built

Built in 1978

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Property Type: Residential
  • Style: Traditional
  • Property Sub Type: Single Family
  • Association Fee Includes: Maintenance Common Areas
  • Dining Areas: 1
  • Legal Addition: LAGO RANCHERO
  • Mandatory Association Dues Yn: Yes
  • Mechanical Features: Security System, Smoke Alarm, Water Softener
  • Oven Energy: Electric
  • Property Faces: North East
  • Property Level: Two
  • Range Energy: Electric
  • School Junior High: Irving MS
  • Special Zoning District Yn: No
  • Storm Shelter: Below Ground, Other
  • Third Party Comments: No
  • Year Built: 1978
  • Year Built Type: Existing
  • Special Features: None

Interior Features

  • Floors: Combo, Carpet, Tile
  • Fireplace Description: None
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Water Heater
  • Interior Amenities: Ceiling Fan, Combo Woodwork, Laundry Room
  • Room Count: 11
  • Total Bedrooms: 5
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Living Areas: 2
  • Other Rooms: Basement, Game Room, Optional Bedroom, Optional Living Area, Workshop
  • Oven Type: Dbl Ovens
  • Range Type: Builtin
  • Total Sq Ft: 3542

Exterior Features

  • Construction: Brick, Concrete, Stucco
  • Pool: No
  • Exterior Features: Covered Deck, Covered Patio, Pond, Stable, Workshop
  • Fence: Cross Fenced
  • Foundation: Slab
  • Roof: Composition

Garage/Parking

  • Garage Description: Detached
  • Parking: Additional, Asphalt, Circle Drive

Utilities

  • Cooling System: Central Elec
  • Heat System: Central Electric
  • Utilities Available: Electric, Propane, Septic Tank, Private Well

Condo/Co-op/Association

  • Association Fee: 100

Schools

  • Elementary School: Washington ES
  • High School: Norman HS

Lot Info

  • Acres: 5.0000
  • Land Sq Ft: 217800
  • Lot Description: Interior, Pasture/Ranch, Wooded

Green Features

  • Energy: Programmable Thermostat

Tax Info

  • Tax Block: 2
  • Tax Lot: 16

MLS Schools

  • School District: Norman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2021
Closed on
Oct 5, 2021
Sold by
Cherokee Landing Trust
Bought by
Jacobs Jasmin G and Jacobs Christopher J
Seller's Agent
Sarah McKinney
Independent, REALTORS
Buyer's Agent
Neal Judisch
Brick and Beam Realty
List Price
$549,950
Sold Price
$525,000
Premium/Discount to List
-$24,950
-4.54%
Total Days on Market
31
Current Estimated Value
$621,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,264
Avg. Annual Appreciation
4.71%
Original Mortgage
$493,750
Outstanding Balance
$456,076
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$162,357

Purchase Details

Closed on
Feb 8, 2013
Sold by
Fitts Donald E
Bought by
Cherokee Landing Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3.38%
Mortgage Type
New Conventional

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jacobs Jasmin G $525,000 First American Title Ins Co
Cherokee Landing Trust -- None Available
Fitts Donald E $296,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jacobs Jasmin G $493,750
Previous Owner Fitts Donald Emmett $30,000
Previous Owner Fitts Donald E $260,000
Previous Owner Wratten William M $50,206
Previous Owner Wratten William M $25,356
Previous Owner Wratten William M $177,500
Previous Owner Wratten William M $170,000
Previous Owner Wratten William M $58,992
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2021 10/06/21 Sold $525,000 0.0% $148 / Sq Ft
08/27/2021 08/27/21 Pending -- -- --
08/22/2021 08/22/21 Price Changed $525,000 -4.5% $148 / Sq Ft
07/27/2021 07/27/21 For Sale $549,950 -- $155 / Sq Ft
Source: MLSOK

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,683 $64,142 $1,800 $62,342
2023 $7,677 $63,933 $1,800 $62,133
2022 $7,224 $62,733 $1,800 $60,933
2021 $4,162 $34,284 $1,800 $32,484
2020 $4,072 $34,284 $1,800 $32,484
2019 $4,143 $34,284 $1,800 $32,484
2018 $4,018 $34,284 $1,800 $32,484
2017 $3,951 $33,351 $0 $0
2016 $4,016 $33,351 $1,800 $31,551
2015 $3,896 $33,351 $1,800 $31,551
2014 $3,934 $33,351 $1,800 $31,551
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sarah McKinney

    Independent, REALTORS

    (405) 205-0324

    1 in this area

    1 Total Sale

    Sarah McKinney
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    Janet Hart

    Independent, REALTORS

  • N

    Buyer's Agent in 2021

    Neal Judisch

    Brick and Beam Realty

    (405) 308-5010

    3 in this area

    29 Total Sales

    Neal Judisch
    Section Image
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Map

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Source: MLSOK

MLS Number: 967442

MLSOK

APN: R0037082

Oklahoma Cleveland County Norman 73026 Franklin-Denver

7006 Lago Ranchero Dr, Norman, OK

Homes for Sale in Norman, OK

This home is located at 7006 Lago Ranchero Dr, Norman, OK 73026 since 27 July 2021 and is currently estimated at $621,264, approximately $175 per square foot. This property was built in 1978. 7006 Lago Ranchero Dr is a home located in Cleveland County with nearby schools including Washington Elementary School, Irving Middle School, and Norman High School.

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