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Front exterior — 12400 Thelmas Way, Edmond, OK 73013
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12400 Thelmas Way, Edmond, OK 73013
Photo 1 — 12400 Thelmas Way, Edmond, OK 73013
Photo 2 — 12400 Thelmas Way, Edmond, OK 73013
Photo 3 — 12400 Thelmas Way, Edmond, OK 73013
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Photo 10 — 12400 Thelmas Way, Edmond, OK 73013

Spencerville — Edmond, OK

$139,900 −6.7% since listing

12400 Thelmas Way, Edmond, OK 73013

219
days listed
1
acre lot
Type
Lot
School district
Oakdale
MLS #
1217009

RARE 1-ACRE OAKDALE HOMESITE WITH WALK-OUT POTENTIAL – MINIMAL DIRTWORK! This beautiful wooded 1-acre homesite offers a unique opportunity to build your custom dream home in the highly desirable Oakdale School District. A builder has evaluated and shot the elevations on the property, confirming the natural topography is ideally suited for a walk-out lower level with minimal dirtwork needed. The natural elevation is a major advantage—not a difficult slope down to the driveway—providing an excellent opportunity to design a home that takes advantage of the property's terrain and wooded setting. Unlike a typical lot that slopes toward the street/driveway, this property's elevation provides an opportunity to take advantage of the natural grade toward the rear of the homesite. The result could be a custom home with a lower level that opens naturally to the wooded backyard that could be an oasis with a pool and patio. Imagine a custom home with a lower level opening directly to the wooded backyard, creating additional natural-light living space and seamless indoor/outdoor living, and an area for a walk-in storm shelter. What makes this property truly exceptional is the protected land it backs up to—private land belonging to Lake Arcadia and Army Corps of Engineers. This means your view, privacy, and sense of seclusion will be preserved for years to come. This is a rare opportunity to enjoy a tranquil lifestyle while still being close to everything you need. Conveniently located near I-35 and I-44, the property allows for easy commutes into Edmond, Oklahoma City, and surrounding areas—offering the perfect balance between quiet living and accessibility. If you've been looking for a special Oakdale homesite where you can build the home you've always wanted, this is an opportunity to create something truly unique. Buyer to independently verify all building, zoning, utility, drainage and construction requirements.

Price reduced$139,900
Oct 8, 2026 · −$10,100 (6.7%)
Listed for sale$150,000
Mar 3, 2026

History from MLS records since this home was listed.

Market context, not advice — your agent will help you decide.

If this home sells the way similar homes here did

$113,000 – $133,000

80.8% – 94.7% of the $139,900 list price

94.7%
median sale-to-list
97
median days on market
219
days this home has been listed
How we got this
  • Similar homes in ZIP 73013 sold for a median 94.7% of their final list price (9 sales).
  • 33% of them sold at or above list price.
  • They took a median 97 days to go under contract and close. This home has been listed 219 days.
  • The price has been reduced once (6.7% below its original price).
  • Homes that sit longer or take price cuts have often sold below list here, so the range leans lower.

Source: MLSOK closed sales in ZIP 73013 with similar bedrooms and size, Jun 2026–Sep 2026 (9 sales). Sale-to-list uses each home's final list price. Condition, upgrades, terms and timing matter as much as price. This is not an appraisal or a valuation of this home.

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Monthly cost

— / month

Principal, interest, taxes, insurance, and HOA.

Assumes a $139,900 price, 20% down, 30-year fixed rate at 7.24% (APR 7.24%). Includes taxes and insurance; mortgage insurance not included. APR assumed equal to the rate; actual APR will be higher with lender fees. Estimate only. Not a loan offer or commitment.

Principal & interest
—
Property taxes
—
Home insurance
—
HOA
—

Planning estimate, not a quote. Rate and insurance are editable assumptions. Taxes can change after purchase; confirm HOA dues and their frequency. Mortgage insurance, closing costs, and maintenance are not included.

Rate: Freddie Mac Primary Mortgage Market Survey 30-year fixed average for the week of Oct 29, 2026, via FRED. An average, not a quote.

Insurance: about $5,800/yr for a $300,000 Oklahoma home, scaled by price (Oklahoma average, InsuranceNewsNet and Insurify 2026 studies). Your quote depends on the home, roof, deductible and insurer.

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MLSOK Listing provided courtesy of James Hugo, Keller Williams Central OK ED (405-330-2626). Status: Active.

Listings courtesy of MLSOK as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of Oct 8, 2026, 9:22 AM CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

Properties displayed may be listed or sold by various participants in the MLS, as established by the applicable MLS Governing Documents.

The listing information provided here is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use or search of this data other than by a consumer looking to purchase real estate is prohibited.

Data last updated Oct 8, 2026, 9:22 AM CT. MLS # 1217009. Homestead & Co is a licensed Oklahoma real estate brokerage.

$139,900 −6.7%

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Edmond · $118,000–$161,000

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