NOT LISTED FOR SALE

1113 Selief Ln Kodiak, AK 99615

Estimated Value: $673,000 - $807,000

22 Beds
11 Baths
6,300 Sq Ft
$120/Sq Ft Est. Value

Last Sold November 01, 2023

Current estimated payment $4,352/month

6 Days on Market

About This Home

As of November 2023

Great Investment! 11-plex (all 2-bedroom, 1 bath units), central laundry room and tenant storage. Set up your showing today!

Last Agent to Sell the Property

Melanie Calderon Ladislao

Associated Island Brokers License #17774 Listed on: 08/11/2023

Last Buyer's Agent

Melanie Calderon Ladislao

Associated Island Brokers License #17774 Listed on: 08/11/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,710

Year Built

  • Built in 1988

Lot Details

  • 0.32

Parking

  • 15 Parking Spaces

Home Design

  • 6,300 Sq Ft Home
  • Shingle Roof
  • Composition Roof
  • Asphalt Roof

Bedrooms and Bathrooms

  • 22 Bedrooms
  • 11 Full Bathrooms

Schools

  • North Star Elementary School
  • Kodiak Middle School
  • Kodiak High School

Additional Features

  • 0.32 Acre Lot
  • Baseboard Heating

Listing and Financial Details

  • Total Actual Rent $13,145

Community Details

Overview

  • 11 Units

Building Details

  • Electric Expense $6,000
  • Fuel Expense $15,500
  • Insurance Expense $4,200
  • Maintenance Expense $10,000
  • Professional Management Expense $17,000
  • Trash Expense $7,000
  • Water Sewer Expense $6,000
  • New Taxes Expense $2,510
  • Operating Expense $98,000
  • Gross Income $170,000
  • Net Operating Income $157,740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,710

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.32
  • Road Frontage Type: Government
  • Road Surface Type: Paved
  • Professional Management Expense: 17000
  • Directions: From Maple Street, turn right on to Selief Lane, 2nd building on your left.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Multi Family
  • Year Built: 1988
  • ResoPropertyType: ResidentialIncome
  • Special Features: RealEstateOwned

Interior Features

  • Number Of Buildings: 1
  • Full Bathrooms: 11
  • Total Bedrooms: 22
  • Interior Amenities: Storage
  • Living Area: 6300

Exterior Features

  • Lot Features: City Lot
  • Topography: Level
  • View: No
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Wood Siding
  • Foundation Details: Concrete Perimeter
  • Property Condition: Existing Structure
  • Roof: Asphalt, Composition, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Carport, No Garage
  • Total Parking Spaces: 15

Utilities

  • Laundry Features: Common Area
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Annual Fuel Expense: 15500
  • Trash Expense: 7000
  • Annual Water Sewer Expense: 6000

Schools

  • Elementary School: North Star
  • High School: Kodiak
  • Middle Or Junior School: Kodiak

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 13939.2
  • Mobile Dim Units: Feet
  • Zoning Description: Multi-Family
  • Zoning: R3
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 11
  • Electric Expense: 6000
  • Annual Gross Income: 170000
  • Insurance Expense: 4200
  • Maintenance Expense: 10000
  • Property Net Operating Income: 157740
  • Annual Operating Expense: 98000
  • Total Actual Rent: 13145
  • Income And Expenses Vacancy Allowance: 5975

Tax Info

  • New Taxes Expense: 2510
  • Tax Annual Amount: 6710.33
  • Tax Map Number: N/A
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2023
Closed on
Oct 26, 2023
Sold by
Bayview Loan Servicing Llc
Bought by
Royal Salute Holdings Llc
Seller's Agent
Melanie Calderon Ladislao
Associated Island Brokers
Buyer's Agent
Melanie Calderon Ladislao
Associated Island Brokers
List Price
$429,000
Views
38
Current Estimated Value
$756,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.71%
Original Mortgage
$632,000
Outstanding Balance
$547,299
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$208,850

Purchase Details

Closed on
Jul 14, 2023
Sold by
Clear Recon Corporation
Bought by
Bayview Loan Servicing Llc and Community Loan Servicing Llc

Purchase Details

Closed on
Apr 16, 2008
Sold by
Venture Pacific Llc
Bought by
Selief Lane Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 27, 2001
Sold by
Selief Properties
Bought by
Venture Pacific Llc
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
Royal Salute Holdings Llc -- None Listed On Document
Bayview Loan Servicing Llc $326,292 None Listed On Document
Selief Lane Apartments Llc -- None Available
Venture Pacific Llc -- --
Venture Pacific Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Royal Salute Holdings Llc $632,000
Previous Owner Selief Lane Apartments Llc $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2023 11/01/23 Sold -- -- --
08/18/2023 08/18/23 Pending -- -- --
08/11/2023 08/11/23 For Sale $429,000 -- $68 / 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
2025 $4,491 $746,900 $65,800 $681,100
2024 $4,491 $399,200 $65,800 $333,400
2023 $6,447 $526,300 $54,800 $471,500
2022 $6,710 $526,300 $54,800 $471,500
2021 $6,710 $526,300 $54,800 $471,500
2020 $6,710 $526,300 $54,800 $471,500
2019 $6,710 $526,300 $54,800 $471,500
2018 $6,710 $526,300 $54,800 $471,500
2017 $6,710 $526,300 $54,800 $471,500
2016 -- $526,300 $54,800 $471,500
2015 -- $526,300 $54,800 $471,500
2014 -- $526,300 $54,800 $471,500
2013 -- $482,300 $54,800 $427,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alaska Multiple Listing Service

MLS Number: 23-9807

Alaska Multiple Listing Service

APN: R1425010030

Alaska Kodiak Island Borough Kodiak 99615

1113 Selief Ln, Kodiak, AK

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