Rowland Hills — Oklahoma City, OK
5005 S By Pass Terrace, Oklahoma City, OK 73119
3 BD · 2 BA · 1,206 sq ft · Built 1964
The details
About this home
Opportunity is knocking with this 3-bedroom, 2-bath home offering 1,206 square feet, a 2-car garage, and a fenced backyard. Priced significantly below comparable sales to allow room for updating and repairs, this property presents an excellent opportunity for investors, flippers, or buyers looking to build equity with improvements. The functional layout includes a primary bedroom with private ensuite bath, two additional bedrooms, and a second full bathroom featuring new fixtures. The living space flows comfortably into the kitchen and dining area, creating a practical floor plan with great potential for modernization and value enhancement. Major updates already completed include a brand new roof installed in May 2025, offering peace of mind for years to come. The property also features an in-ground storm shelter, an added benefit for Oklahoma weather. Outside, the fenced backyard provides space for pets, play, or future outdoor enhancements. With solid fundamentals, a desirable layout, and key improvements already in place, this home is positioned for a quick sale. Being sold AS IS, this is a prime opportunity to renovate and resell or update and hold as a rental. Don’t miss your chance to secure a property priced to move in today’s market.
Price history
History from MLS records since this home was listed.
Monthly cost
— / month
Principal, interest, taxes, insurance, and HOA.
Assumes a $125,000 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
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- Property taxes
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- Home insurance
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- HOA
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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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Liberty Link Group · licensed insurance agency
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Kurt Swink · Financial Concepts Mortgage
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Kurt Swink, NMLS #207515 · Financial Concepts Mortgage, NMLS #181632.
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Equal Housing Opportunity.
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Recently sold nearby
Sold
Sold
Sold
Sold
Sold
Sold
Listing provided courtesy of Wenona R Jones, Chinowth & Cohen (405-330-0031). Status: Sold.
Listings courtesy of MLSOK as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of Jun 11, 2026, 10:01 PM 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 Jun 11, 2026, 10:01 PM CT. MLS # 1213979. Homestead & Co is a licensed Oklahoma real estate brokerage.
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