Property being sold as Commercial and AS-IS. The possibilities are endless with this property. Situated in a growing area with I35 frontage, just off Ladd Rd exit, and the possibility of more on/off ramp as I35 expands. Spanning 23.38 acres, it encompasses a 2890 sq ft house built in 1975 with multiple structures including two barns. Zoned IP with established utilities, it offers flexibility. Additionally, it features an owned billboard that can generate up to $1100/month in revenue and receives $500/month in dividends from Lamar for the lease of the other billboard. Currently, the owner resides in the house, operating an equestrian business. There's ample opportunity to repurpose the house for commercial use, adding to the property's potential. 8 minutes south of Norman.
Directions: Going southbound from US-77, take exit 101 for Ladd Rd, sharp left onto 280th St/E Ladd Rd, turn right onto Martingale Blvd, left onto 279th St, right onto Ridge Rd, follow to gate entrance
Price Information
Listing Price Info
Price Summary:
List Price: $4,600,000
Price Per SqFt: $1,592/SqFt
Tax Information:
Annual Amount: $2,517
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Washington, OK.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$23K
Per Month
Principal & Interest
$22.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$13.8K
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
John K Hubbard Elementary School
1104 E Maguire Rd
Distance between this listing and this school3.34 miles
Public District Grades 1-3
6
/10
Pioneer Elementary School
611 Ash St
Distance between this listing and this school3.37 miles
Public District Grades 4-5
8
/10
Washington Elementary School
101 E Kirby St
Distance between this listing and this school4.62 miles
Public District Grades PK-5
Nearby Schools
5
/10
Curtis Inge Middle School
1201 N 8th St
Distance between this listing and this school4.04 miles
Public District Grades 6-8
6
/10
Washington Middle School
101 E Kirby St
Distance between this listing and this school4.60 miles
Public District Grades 6-8
4
/10
Purcell Jr High School
2010 N Green Ave
Distance between this listing and this school6.16 miles
Public District Grades 6-8
Nearby Schools
5
/10
Noble High School
4601 E Etowah Rd
Distance between this listing and this school4.45 miles
Public District Grades 9-12
9
/10
Washington High School
101 E Kirby St
Distance between this listing and this school4.62 miles
Public District Grades 9-12
8
/10
Purcell High School
2020 N Green Ave
Distance between this listing and this school6.06 miles
The neighbors living near this home have an average income of $56,921. Residents of Washington, OK typically earn between $35k-100k each year. Most families are married, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 27557 Ridge Rd
What is the listing price of this property?
The listing price of 27557 Ridge Rd property is $4,600,000.
What type of property is this?
The property 27557 Ridge Rd is a house located in Washington, Oklahoma, 73093.
Is this property for sale now?
Active Listing: 27557 Ridge Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $2,517 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on September 23, 2020 for $430,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 27557 Ridge Rd has 4 bedrooms and 3 bathrooms.
What is the square footage of this property?
The property 27557 Ridge Rd is 2,890 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 27557 Ridge Rd is 1975.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 27557 Ridge Rd in Washington, OK and zip code 73093. This 2,890 square foot home, which was built in 1975, sits on a 23.38 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 08, 2024 and is currently priced at $4,600,000.
Washington, OK housing market in November 2024 saw over 0 listings sold above listed price, more than 2 sold at listed price and over 1 sold below. The number of homes for sale in Washington, OK increased by 23.7% between October 2024 and November 2024. While the average time on the market in November 2024 was 64 days, the median list price was $284,776.
From Rocket Homes Real Estate and based on county public records data.