Oklahoma City, Oklahoma · MLS #1250011
500 SW 62nd Terrace
Updated 3-bedroom brick ranch on a corner lot in south Oklahoma City
$149,900
Also available rent-to-own — $5,000 down, $1,500/mo
What is for sale at 500 SW 62nd Terrace, Oklahoma City?
500 SW 62nd Terrace, Oklahoma City, OK 73139 is a 3-bedroom, 1.5-bathroom home of 1,080 square feet, renovated and listed by Rose Rock Realty at $149,900. It is also available on rent-to-own terms at $5,000 down and $1,500 per month over 5 years. The full renovation list — 2 documented items — is published below. Call (405) 692-0663 to see it.
The details
| List price | $149,900 |
|---|---|
| Bedrooms | 3 |
| Bathrooms | 1.5 |
| Living area | 1,080 sqft |
| Year built | 1961 |
| Lot size | 8,041 sqft |
| Property tax (annual) | $1,328 |
| MLS # | 1250011 |
A single-story brick ranch on a corner lot in south Oklahoma City's Southwood Hills addition, freshly painted with new flooring throughout. The kitchen looks across a breakfast bar into the open living and dining area, and has a built-in wall oven with a separate cooktop. Behind the house is a covered patio and a wood-privacy-fenced yard with mature shade trees, and the two-car garage is attached.
What we replaced
- New interior paint
- New flooring
Anything not on this list was left as it was. We would rather tell you that than let you assume otherwise — and you should still have your own inspector look at all of it.
Other features
- Corner lot
- Covered front porch
- Covered back patio
- Wood privacy fence
- 2-car attached garage with opener
- Central heat and air
- Breakfast bar open to the living area
- Built-in wall oven with separate cooktop
More about Oklahoma City.
Your options
Two ways to buy this home
You can buy it outright, or on rent-to-own terms if conventional financing is not available to you yet. Same house, same price, different path.
Buy it outright
$149,900
A conventional purchase, cash or financed. Bring your own agent; it costs you nothing and we will work with them.
Rent-to-own
$5,000 down$1,500/mo for 5 years
Lease-option. You would lease the home with a separate option to buy it during the term. Until you exercise that option you are a tenant under Oklahoma's Residential Landlord and Tenant Act, and only the option money plus any rent credit written into the agreement counts toward the price.
Over the 5-year term that is $5,000 up front plus $90,000 in monthly payments. Whether that retires the full $149,900 price or leaves a balance owing at the end depends on the contract — ask us to walk you through it, and be sure you know whether there is a balloon payment before you sign. Take the contract to an Oklahoma attorney, and read how the two structures differ.
Ask about 500 SW 62nd Terrace
Tell us when you could see it. If you have an agent, bring them — we will work with them.