1220 Meadow Avenue, Fairview, OK 73737

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$300,000 Sold Price
Sold on 9/08/2023
3 Beds
2.5 Baths
2489 SF
 
Listing ID 11151481
Property Type House (Attached)
County Major
FEMA Flood Map fema.gov/portal
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The Seller marked the initial listing price from $350,000 to $300,000 for the sole purpose of getting liquidity out of the sale of the home to use the proceeds in Seller's businesses. Seller runs other businesses and Seller has used a large portion of its available working capital invested in this home (which is owned by Seller with no mortgage) and in the purchase of another home. Seller mistakenly thought this property was going to be sold before it was listed and based on Seller's mistake, Seller paid cash for another home in a part of Oklahoma closer to Seller's business interests resulting in Seller having a considerable amount of its' working capital in two homes that are paid with no mortgage on either home. Seller needs to replenish its working capital by selling this property and decided to mark this property down by $50,000 in lieu of Seller selling a portion of its stock portfolio to replenish its working capital, which would require a capital gains tax and income tax burden. Seller opted to pass this benefit to a Buyer rather than pay it in taxes and offer a Buyer a lower price by the decrease of $50,000. A unique window of opportunity for any prospective Buyer. This house was built by one of the founders of the T.H. Rogers Lumber chain in NW Oklahoma. You may find a prettier house, but not one as well built. Custom built home on corner lot in great neighborhood, ~2489 square feet, 3 bedrooms, 2.5 baths and oversized utility room, 707 square feet garage with storm, shelter, large, decked attic area, house is wired for generator for power outages (generator comes with the house), all new vinyl windows with tilt feature for cleaning, 30-year roof (qualifies for discount on homeowner's insurance) installed in 2020 with low profile vents, flashing and skylight were replaced when the new roof was installed, new 3" gutters and downspouts, 10'X30' enclosed back porch with heat and air, and all new 2" blinds and paint currently being used as a home office, U shaped kitchen with custom wood cabinets and stainless-steel appliances, 5 burner gas stove, built in oven, cement countertops in kitchen, large living areas, entire fireplace wall in brick with custom built in wood cabinets, (and built-in safe) built in shelves, hearth, and thermostatically controlled gas log fireplace which heats the entire house, his and her custom built closets/shelving/cabinets in master bedroom, new granite counter tops and rectangular sinks and fixtures in all bathrooms and laundry room, fresh paint and wallpaper throughout house, new flooring in master bath, ceiling fans throughout, all lighting throughout with LED, premium hand scraped engineered wood floors in all living areas, including bedrooms, with custom apothecary chest in the center in the his area of the master bath, all outdoor wood siding covered with insulated vinyl siding, and all other painted wood surfaces on west side of house with metal trim, 12' X 16' custom built shop, with heat and air comes with all the goodies and has a 220V connection on outside of shop to accommodate generator, and 110V connection on outside, large custom patio cover built to match architectural design of house, perimeter footing area beds lined with weed barrier and filled with 15 tons of medium river rock, light pole as well as motion sensor lights on patio and backyard installed for security, repaired or poured new sidewalks/driveway where need for access and cosmetic appeal. The list goes on, but it need to be seen for it all to be appreciated.
Property Details
  • 3 Total Bedrooms
  • 2 Full Baths
  • 1 Half Bath
  • 2489 SF
  • 1 Story
Interior Features
  • Open Kitchen
  • Oven/Range
  • Dishwasher
  • Garbage Disposal
  • Washer
  • Dryer
  • Stainless Steel
  • Carpet Flooring
  • Ceramic Tile Flooring
  • Entry Foyer
  • Living Room
  • Dining Room
  • Den/Office
  • Primary Bedroom
  • Kitchen
  • Laundry
  • 1 Fireplace
  • Natural Gas Avail
  • Central A/C
Exterior Features
  • Brick Siding
  • Attached Garage
  • 2 Garage Spaces
  • Municipal Water
  • Municipal Sewer
  • Patio
  • Open Porch
  • Enclosed Porch
  • Shed
Sale Information
  • Sold on 9/08/2023
  • Sold for $300,000
  • Buyer's Agent: Elaine Flaming
  • Company: Flaming Real Estate
Previously Listed By
Mark Martens
Flaming Real Estate
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