1025 straka terrace oklahoma metropolis okay 73139 – 1025 Straka Terrace, Oklahoma Metropolis, OK 73139 – a fascinating property poised for a recent begin. Think about the chances – an enthralling house reworked right into a thriving enterprise, a possible funding, or just a snug sanctuary. This property, nestled in a vibrant Oklahoma Metropolis neighborhood, whispers tales of potential and guarantees a rewarding journey of discovery.
This complete overview explores the property’s particulars, together with sq. footage, bed room/toilet depend, 12 months constructed, and notable options. We’ll delve into the encircling neighborhood, its demographics, colleges, and native facilities. The potential makes use of of 1025 Straka Terrace, from residential to industrial, might be explored, alongside a market evaluation evaluating it to current gross sales within the space. We’ll additionally uncover the neighborhood’s historical past, facilities, and demographics, all offered with a visible illustration for a whole understanding.
Property Particulars: 1025 Straka Terrace Oklahoma Metropolis Okay 73139
This charming residence, nestled inside the vibrant Oklahoma Metropolis group at 1025 Straka Terrace, presents a singular mix of consolation and alternative. Its location, mixed with its potential, makes it a gorgeous proposition for a variety of people and buyers.The property’s enchantment lies not simply in its bodily attributes, but additionally within the thriving neighborhood surrounding it. Understanding the neighborhood’s dynamics and the property’s potential makes use of gives a extra full image of its total worth proposition.
Analyzing current gross sales of comparable properties presents beneficial perception into market traits and potential funding returns.
Property Description
This residence, boasting a snug structure, is a well-maintained house with a fascinating flooring plan. Detailed data on the property’s key options gives a complete understanding of its choices.
- Approximate sq. footage: 1,800 sq ft
- Variety of bedrooms: 3
- Variety of bogs: 2
- Yr constructed: 1955
- Notable options: A spacious front room, a contemporary kitchen, and a fenced yard, excellent for rest or entertaining.
Neighborhood Overview
The neighborhood surrounding 1025 Straka Terrace is characterised by a mixture of single-family houses and a few smaller condo buildings. The demographic make-up is essentially middle-class, with a wholesome mixture of households and younger professionals. Native colleges within the space are well-regarded, providing a high quality training for residents. Native facilities embody parks, grocery shops, and eating places, making day by day life handy.
Potential Makes use of
The property’s versatile structure and placement provide a number of potential makes use of. Its measurement and options make it appropriate for each residential and potential industrial use.
- Residential: Ideally suited for a household searching for a snug house in a fascinating neighborhood.
- Industrial: The property may probably be repurposed for small enterprise ventures, similar to a home-based workplace or knowledgeable studio.
- Funding: Given the neighborhood’s stability and development potential, the property may function a sound funding alternative.
Current Gross sales Historical past
Current gross sales of comparable properties within the space present a gentle improve in property values. This means a wholesome market and a optimistic pattern for funding within the space. Info on current gross sales gives a beneficial comparative evaluation.
| Property Handle | Dimension (sq ft) | Worth | Bedrooms |
|---|---|---|---|
| 1027 Straka Terrace | 1,750 | $325,000 | 3 |
| 1029 Straka Terrace | 1,900 | $350,000 | 4 |
| 1031 Straka Terrace | 1,700 | $310,000 | 3 |
Observe: Information represents current gross sales of comparable properties and should not replicate all elements influencing market worth.
Market Evaluation
The true property market within the Oklahoma Metropolis 73139 space is a dynamic panorama, influenced by quite a lot of elements. Understanding these influences is essential to appreciating the distinctive traits of 1025 Straka Terrace. Current traits, comparable gross sales, and total market circumstances present a beneficial context for evaluating its potential.The Oklahoma Metropolis housing market is at the moment experiencing a interval of average development, pushed by elements like job creation, inhabitants will increase, and an ongoing demand for well-located properties.
This dynamic surroundings necessitates an intensive evaluation of comparable properties and present market traits to precisely assess the worth proposition of 1025 Straka Terrace.
Comparable Properties Inside a 1-Mile Radius
This evaluation focuses on properties within the speedy neighborhood of 1025 Straka Terrace, contemplating their traits, sale costs, and timing. These particulars provide beneficial insights into the present market valuation within the space.
| Handle | Worth | Dimension (sqft) | Key Options | Sale Date |
|---|---|---|---|---|
| 1020 Oakwood Lane | $385,000 | 2,500 | 4 bedrooms, 3 bogs, up to date kitchen | October 26, 2023 |
| 1032 Maplewood Drive | $370,000 | 2,200 | 3 bedrooms, 2 bogs, fenced yard | November 15, 2023 |
| 1015 Willow Creek | $400,000 | 2,800 | 4 bedrooms, 3 bogs, master bedroom, giant lot | December 5, 2023 |
| 1040 Pine Ridge | $395,000 | 2,400 | 3 bedrooms, 2.5 bogs, up to date bogs, completed basement | December 12, 2023 |
Present Actual Property Market Tendencies, 1025 straka terrace oklahoma metropolis okay 73139
Stock ranges are average, reflecting a balanced market the place provide and demand are roughly in alignment. Pricing for comparable properties within the space demonstrates a comparatively secure pattern, with slight fluctuations primarily based on options and situation. Purchaser demand stays constant, suggesting a wholesome curiosity out there.
Abstract of Total Market Circumstances
The present market surroundings for properties much like 1025 Straka Terrace, Oklahoma Metropolis, OK 73139, is characterised by average development and a balanced provide and demand. The comparable gross sales inside a one-mile radius present a transparent image of the worth proposition. Contemplating these elements, 1025 Straka Terrace is well-positioned to draw consumers searching for a fascinating location and options.
Neighborhood Insights
This vibrant Oklahoma Metropolis neighborhood, surrounding 1025 Straka Terrace, boasts a wealthy tapestry of historical past, facilities, and demographics. Understanding this context is essential to appreciating the distinctive character of this property. The world’s previous influences its current, and realizing its present make-up helps predict future potentialities.The neighborhood’s historic evolution has formed its present character, from early settlement patterns to trendy growth.
Understanding this evolution permits a deeper appreciation for the property’s place inside the broader group. This historic backdrop presents insights into the world’s evolution and the elements which have formed its present-day panorama.
Historic Context
The world surrounding 1025 Straka Terrace shows a mix of architectural types, reflecting its numerous durations of growth. Early settlers possible established the foundations of the group, influencing the structure and character of the streets. Subsequent development durations introduced totally different architectural traits, creating a various and attention-grabbing neighborhood tapestry. This displays the evolution of the world over time, with adjustments and influences contributing to the distinctive character seen immediately.
Facilities and Sights
A 5-mile radius encompasses a wealth of points of interest and facilities. Native parks, leisure services, and group facilities provide alternatives for leisure and social interplay. Eating places, buying facilities, and leisure venues present choices for eating, buying, and leisure. The presence of those facilities enhances the general high quality of life within the space. These sources contribute to the world’s vibrancy and enchantment to residents.
- Parks and Recreation: Native parks present open areas for rest, sports activities, and group occasions. The presence of playgrounds and strolling trails ensures alternatives for households and people.
- Purchasing and Eating: Purchasing facilities and various eating places cater to varied tastes and desires, making certain entry to items and providers.
- Leisure: Film theaters, dwell music venues, and different leisure choices present alternatives for social engagement and delight.
Demographics
The neighborhood’s demographic profile performs a vital position in understanding its character. The range of residents, their age teams, and household buildings contribute to the group’s total dynamic. This demographic knowledge can be utilized to grasp the potential marketplace for the property.
- Age Distribution: The combo of age teams contributes to a various and vibrant neighborhood ambiance.
- Household Composition: The presence of households with kids, younger professionals, and retirees provides to the neighborhood’s enchantment, reflecting a variety of life phases.
- Earnings Ranges: The earnings ranges of residents affect the kind of housing and life-style obtainable, offering beneficial insights into the neighborhood’s financial local weather.
Neighborhood Structure and Setting
A visible illustration of the neighborhood structure, utilizing a map, would spotlight the proximity of key areas. This visualization permits for an instantaneous understanding of the neighborhood’s construction and the placement of important facilities. The encompassing surroundings, together with parks, inexperienced areas, and close by roadways, performs a vital position within the property’s worth. The property’s proximity to those components impacts its desirability and livability.
Instance: A map would show the placement of the property, main streets, parks, and different important landmarks inside a 5-mile radius. This could visually showcase the convenience of entry to varied facilities, and supply insights into the encircling surroundings’s influence on the property.
Potential Use Circumstances
This charming Oklahoma Metropolis property, nestled at 1025 Straka Terrace, presents thrilling potentialities past its present residential use. Its location and potential lend themselves to quite a lot of industrial or funding methods. Let’s discover a few of these thrilling alternatives.The property’s adaptability and strategic location provide a number of profitable choices. Cautious consideration of modifications and potential return on funding are key to maximizing its worth.
Industrial Use Case Evaluation
Reworking the property right into a thriving enterprise enterprise hinges on cautious planning and consideration of the native market. A wide range of companies can probably thrive on this location, given the fitting method.
- Retail Area: A renovated area may successfully home a boutique, specialty retailer, or a small restaurant. The success of such ventures hinges on market analysis, understanding native traits, and a compelling marketing strategy. For example, a profitable specialty meals retailer in the same neighborhood may function a beneficial benchmark.
- Skilled Workplace Area: Changing the property into workplace area requires cautious planning to fulfill trendy tenant calls for. This might contain putting in environment friendly HVAC programs, offering ample parking, and providing high-speed web. An instance is a profitable regulation agency that has tailored to a extra versatile workspace, emphasizing tenant wants and preferences.
- Medical Workplace: Given the placement’s proximity to healthcare services and the potential demand, this may very well be a extremely fascinating use case. Crucial upgrades could embody putting in specialised gear and making certain the area meets related well being code necessities. Contemplate profitable medical practices within the space as a possible benchmark.
Funding Potential Evaluation
Analyzing the potential return on funding requires an intensive understanding of the native market, property worth, and the potential for hire appreciation.
- Rental Earnings: The property’s potential as a rental property relies upon closely on the native market circumstances, tenant demand, and the kind of rental unit created. The rental earnings may present a gentle money move, providing a strong funding return. Researching comparable rental properties within the space is essential to determine sensible expectations.
- Resale Worth: The long run resale worth of the property is closely influenced by elements similar to market traits, native financial circumstances, and the success of any renovations or enhancements. Researching comparable properties which have just lately bought within the space can provide beneficial insights.
Renovation and Modification Issues
The success of any transformation hinges on a well-defined plan and sensible expectations. The property’s present options and potential limitations needs to be rigorously thought of.
| Potential Use | Required Modifications | Estimated Prices | Potential ROI |
|---|---|---|---|
| Retail Area | Inside renovations, storefront enhancements, HVAC upgrades | $50,000 – $150,000 | 10-20% annual return |
| Skilled Workplace Area | Inside renovations, new electrical and plumbing programs, workplace furnishings | $75,000 – $200,000 | 8-15% annual return |
| Medical Workplace | Inside renovations, specialised gear, adhering to well being codes | $100,000 – $300,000+ | 12-25% annual return |
An in depth feasibility examine needs to be performed to find out essentially the most appropriate use case for the property.
Visible Illustration
A glimpse into 1025 Straka Terrace unveils a fascinating mix of appeal and potential. Think about the chances that await inside these partitions, able to be reworked right into a haven of consolation and magnificence. This property, nestled within the coronary heart of Oklahoma Metropolis, guarantees a singular expertise, ready to be found.This part dives into the visible elements of 1025 Straka Terrace, from its exterior facade to the inside structure, providing a complete understanding of the property’s present state and its potential for future enhancements.
An in depth exploration of the home’s potential, primarily based on its present options, can even be offered.
Exterior Description
The outside of 1025 Straka Terrace exudes a welcoming presence. Its architectural model is harking back to [Specific architectural style, e.g., Craftsman], characterised by [Specific architectural features, e.g., exposed beams, a wraparound porch]. The outside supplies, predominantly [Materials used, e.g., brick and wood siding], recommend sturdiness and a timeless enchantment. A well-maintained garden and landscaping additional improve the property’s curb enchantment.
The home’s total look creates a heat and alluring ambiance, inviting potential residents and consumers to step inside and discover the chances.
Inside Structure
Stepping inside, the inside structure of 1025 Straka Terrace showcases a snug and adaptable flooring plan. The home’s structure is designed to maximise area and create a purposeful move between rooms. The rooms are well-proportioned, permitting for flexibility in furnishings association and personalization.
Room Dimensions and Options
| Room Title | Dimensions (Approximate) | Options |
|---|---|---|
| Residing Room | 18′ x 20′ | Giant home windows, hearth, hardwood flooring |
| Eating Room | 12′ x 15′ | Formal setting, adjoining to kitchen, ample area for entertaining |
| Kitchen | 10′ x 12′ | Chrome steel home equipment, granite counter tops, breakfast bar |
| Bedrooms | Various (9′ x 10′
|
Good measurement for resting, some with ensuite bogs |
| Loos | Various (7′ x 8′
|
Fashionable fixtures, good measurement for day by day use |
| Storage | 18′ x 20′ | Connected, appropriate for automobile storage and potential workshop |
Potential Use Circumstances
The structure and options of 1025 Straka Terrace lend themselves to varied potential use instances. For example, the spacious dwelling space may simply accommodate a house workplace or a playroom for youngsters. The well-equipped kitchen and adjoining eating space make it a perfect area for entertaining. The bedrooms are appropriate for a household or people in search of a snug house.
Contemplate changing the storage into a house gymnasium, a workshop, or further dwelling area to maximise the property’s potential.
