NOT LISTED FOR SALE

1067 Ocean Dr Homer, AK 99603

Estimated Value: $736,145

3 Beds
3.5 Baths
4,800 Sq Ft
$153/Sq Ft Est. Value

Last Sold March 31, 2021

Current estimated payment $4,280/month

196 Days on Market

Highlights

  • Lake View
  • Washer and Dryer
  • Heating Available
  • Homer Middle School Rated A-

About This Home

As of March 2021

A mixed use, cash flowing opportunity! Located in a high visibility, high exposure commercial area - this fully occupied mixed use property boasts 3 updated one bedroom apartments with views of Beluga Lake (W/D in units!), and a 2,300sf office/retail commercial space below. Multi family tenants pay ALL utilities. Commercial tenants pay electric, gas & refuse.

Last Agent to Sell the Property

Valerie Buss

Kachemak Keller Williams Realty Alaska Group License #156938 Listed on: 07/30/2020

Kachemak Keller Williams Realty Alaska Group

Last Buyer's Agent

Joseph Miller

RE/MAX Dynamic Properties License #11361

RE/MAX Dynamic Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,923

Year Built

  • Built in 1979

Lot Details

  • 0.64

Parking

  • 1 Car Garage

Home Design

  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 4,800 Sq Ft Home
  • Lake Views
  • Washer and Dryer

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • West Homer Elementary School
  • Homer Middle School
  • Homer High School

Additional Features

  • 0.64 Acre Lot
  • Heating Available

Community Details

  • 4 Units
  • Gross Income $52,380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,923

Year Built

Built in 1979

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.64
  • Directions: From Lake Street to Ocean Drive, property immediately on right hand side. Just after Beluga Lake Lodge
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Up and Down
  • Year Built: 1979
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Washer/Dryer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Luxury Vinyl
  • Living Area: 4800

Exterior Features

  • Topography: Level
  • View: Lake
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Metal
  • Foundation Details: Slab
  • Property Condition: Existing Structure
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1
  • Garaged Spaces: 1
  • Parking Features: No Carport, No Garage
  • Total Parking Spaces: 16

Utilities

  • Security: Carbon Monoxide Detector(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: West Homer
  • High School: Homer
  • Middle Or Junior School: Homer

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 27878.4
  • Mobile Dim Units: Feet
  • Zoning Description: General Commercial 1
  • Zoning: GC1
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 52380

Tax Info

  • Tax Annual Amount: 2923
  • Tax Map Number: N/A
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2024
Sold by
Rural Energy Enterprises Inc
Bought by
Homer Property Llc
Total Days on Market
196
Current Estimated Value
$736,145

Purchase Details

Listed on
Jul 30, 2020
Closed on
Mar 24, 2021
Sold by
Mastolier Properties Llc
Bought by
Rural Energy Enterprises Inc
Seller's Agent
Valerie Buss
Kachemak Keller Williams Realty Alaska Group
Buyer's Agent
Joseph Miller
RE/MAX Dynamic Properties
List Price
$595,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.23%

Purchase Details

Closed on
Nov 25, 2011
Sold by
Brefeld Lois E
Bought by
Mastolier Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.06%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 24, 2009
Sold by
Locicero Jane C
Bought by
Brefeld Lois E
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Homer Property Llc -- None Listed On Document
Rural Energy Enterprises Inc -- None Listed On Document
Mastolier Properties Llc -- None Available
Brefeld Lois E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mastolier Properties Llc $387,000
Previous Owner Mastolier Properties Llc $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2021 03/31/21 Sold -- -- --
02/13/2021 02/13/21 Pending -- -- --
07/31/2020 07/31/20 For Sale $595,000 -- $124 / Sq Ft
Source: Alaska Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,989 $291,300 $103,700 $187,600
2023 $3,043 $278,700 $91,800 $186,900
2022 $2,850 $253,600 $91,800 $161,800
2021 $3,069 $246,500 $87,800 $158,700
2020 $2,923 $255,500 $87,800 $167,700
2019 $1,493 $259,700 $87,800 $171,900
2018 $3,069 $266,900 $87,800 $179,100
2017 $3,008 $266,200 $87,800 $178,400
2016 $3,156 $279,300 $124,700 $154,600
2015 $2,865 $283,000 $124,700 $158,300
2014 $2,865 $288,600 $124,700 $163,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alaska Multiple Listing Service

MLS Number: 20-11893

Alaska Multiple Listing Service

APN: 177-178-02