Description
The First Million Dollar House in Oak Tree is back on the market for the first time in 9 years. When you approach the house, you will be taken back by the open portico entrance and the view of the pool from the front door. To the left you will find the residential side of the property with the oversized master bedroom (with fireplace) and the jack and jill style additional bedrooms along with stairs up to the additional bedroom and deck overlooking the pool. To the right you have one of the better entertainment spaces you could design and a large kitchen area. There are two doors to the pool area from the master bedroom and there are two from the living area. The property sits on 0.9 acres behind the gates of Oak Tree and even though the land borders Kelly the foliage creates an incredibly private space. If the new owner chooses to become a member of either of the two country clubs in this neighborhood, they are minutes' walk or golf cart ride from either one. This is a truly unique property and unique opportunity. This house is listed at $499,000 because that is the lowest bid the seller would possibly consider but it is not expected to sell for that price. This house is 5180 square feet in a neighborhood that the average price per foot is $181 per square foot and if you do that math, it’s $937,580. If you were able to get this house for $120 per square foot, it would be $621,600. If you buy this house for the current conservative county assessment of $752,000 you would have paid $145.17 per square foot. PROPERTY WILL NOT BE SHOWN IN THE TRADITIONAL WAY. THERE WILL BE NO PRIVATE SHOWINGS BUT WILL HAVE AN EXTENDED OPEN HOUSE ON SUNDAY JULY 6TH, SATURDAY JULY 12TH, & SUNDAY JULY 13TH FROM NOON - 3PM. STARTING JULY 14TH, WE WILL REVIEW ALL OFFERS & GIVE INTERESTED PARTY THAT HAS PLACED AN OFFER ANOTHER OPPORTUNITY TO REVISE THEIR OFFER AND WE WILL CONTINUE THIS PROCESS UNTIL BEST OFFER IS DETERMINED. SELLER RESERVES RIGHT TO ACCEPT ANY OFFER AT ANY TIME
Details
| MLS # | 1175544 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| HOA Dues | $1,850 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1981 |
| Days On Site | 21 |
| Listing Provided By | eXp Realty, LLC | Rick McCormick |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 5,184 |
| Garage | 2 |
| Pool | Yes |
| Acreage | 0.90 |
| Golf Course | Yes |
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Learn More About This Property
| State | OK |
|---|---|
| County | Oklahoma |
| City | Edmond |
| Zip Code | 73025 |
| School District | Oklahoma |
| School District | Edmond |
| Elementary School | Cross Timbers ES |
| Middle School | Cheyenne MS |
| High School | North HS |
