This property presents a great investment opportunity in Spencer, OK. Previously leased as a Section 8 rental, it successfully passed all Section 8 inspections and requirements, making it an attractive option for investors seeking stable rental income. The current Section 8 rental rate for this home is $990 per month, providing a reliable cash flow potential. Well-maintained and tenant-ready, this property is ideal for buyers looking to enter or expand in the rental market with a home that has a proven history of compliance and steady income.
Sold for $45,000
$45,000
8821 NE 50th St, Spencer, OK 73084
1beds
528sqft
Single Family Residence
Built in 1937
6,969 Square Feet Lot
$45,500 Zestimate®
$85/sqft
$751 Estimated rent
Home value
$45,500
$43,000 - $49,000
$751/mo
Zestimate® history
Owner options
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$751/mo
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$751/mo
Rent Zestimate®
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$229/mo
Est. payment
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$229/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Brooklyn Frazier 405-283-8805,
The Brokerage
Bought with:
Brooklyn Frazier, 200337
The Brokerage
Source: MLSOK/OKCMAR as distributed by MLS GRID,MLS#: 1176231
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Other
Cooling
- Window Unit(s)
Features
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 528
- Total interior livable area: 528 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: None
Lot
- Size: 6,969 Square Feet
- Features: Corner Lot
Details
- Parcel number: 8821NE50th73084
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1937
Community & HOA
Location
- Region: Spencer
Financial & listing details
- Price per square foot: $85/sqft
- Tax assessed value: $14,324
- Annual tax amount: $163
- Date on market: 6/18/2025
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2025 | Sold | $45,000-18.2%$85/sqft |
Source:  MLSOK/OKCMAR as distributed by MLS GRID #1176231 Report a problem | ||
| 6/24/2025 | Pending sale | $55,000$104/sqft |
Source: MLSOK/OKCMAR as distributed by MLS GRID #1176231 Report a problem | ||
| 6/20/2025 | Price change | $55,000-15.4%$104/sqft |
Source: MLSOK/OKCMAR as distributed by MLS GRID #1176231 Report a problem | ||
| 6/18/2025 | Listed for sale | $65,000$123/sqft |
Source: MLSOK/OKCMAR as distributed by MLS GRID #1176231 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $170 +3.8% | $1,575 +5% |
| 2024 | $163 +5.9% | $1,500 +5% |
| 2023 | $154 +11.2% | $1,429 +5.2% |
| 2022 | $139 +4.1% | $1,359 +4.9% |
| 2021 | $133 +4.1% | $1,295 +4.9% |
| 2020 | $128 +16.2% | $1,234 +4.9% |
| 2019 | $110 +5% | $1,176 +5% |
| 2018 | $105 +0.6% | $1,120 +5.2% |
| 2017 | $104 | $1,065 +4.9% |
| 2016 | $104 +4.4% | $1,015 +5.1% |
| 2015 | $100 +10.5% | $966 +4.9% |
| 2014 | $91 | $921 -15.2% |
| 2013 | -- | $1,086 -5.9% |
| 2012 | -- | $1,154 -32.4% |
| 2011 | -- | $1,708 -2.5% |
| 2010 | -- | $1,752 -4.5% |
| 2009 | -- | $1,835 +5% |
| 2008 | -- | $1,747 +5% |
| 2007 | -- | $1,664 +5% |
| 2006 | -- | $1,585 +5% |
| 2005 | -- | $1,510 -88.5% |
| 2004 | $146 | $13,080 +809.6% |
| 2003 | -- | $1,438 -10.3% |
| 2002 | -- | $1,603 -3% |
| 2001 | -- | $1,653 +28.6% |
| 2000 | -- | $1,285 +45.5% |
| 1999 | -- | $883 |
Find assessor info on the county website
Neighborhood: 73084
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Nearby schools
GreatSchools rating
- 2/10Spencer Elementary SchoolGrades: 2-4Distance: 0.1 mi
- NAStar Spencer Middle SchoolGrades: 8Distance: 1.5 mi
- 3/10Star Spencer High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Spencer ES
- Middle: Star Spencer MS
- High: Star Spencer HS
Source: MLSOK/OKCMAR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$45,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$45,500
- Oklahoma
- Oklahoma County
- Spencer
- 73084
- 8821 NE 50th St
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