Seller's Agent in 2016
Rick Davids
Sun Properties, LLC
(907) 242-6446
1 in this area
278 Total Sales
11161 Ridgecrest Dr Anchorage, AK 99516
Mid-Hillside NeighborhoodEstimated Value: $534,000 - $658,747
4
Beds
3
Baths
3,060
Sq Ft
$200/Sq Ft
Est. Value
Highlights
- Ocean View
- Property fronts an inlet
- Deck
- O'Malley Elementary School Rated A-
- Spa
- Vaulted Ceiling
About This Home
As of December 2016Sprawling layout with 3 living rooms and a mother-in-law apartment with own entrance and driveway that can pay nearly half of your payment. Amazing half acre with trees and privacy.Partial water view, amazing sunsets, Denali. Updated plumbing, heating, some windows, roof, just purchased high-end appliances in the main house (not shown in the pictures).The apartment rents for $1,100 per month. The passive cash flow will pay nearly half the mortgage payment, making this home unbelievably affordable. How much house can be purchased in Anchorage with a $1,400 to $1,500 monthly payment (including principal, interest, taxes, insurance, escrow, etc.)?
The answer is about $245,000.
Want a $437,000 home, with a payment equal to what you'd have on a $245,000 home? You can with this property because the apartment generates a passive cash flow of more than $13,000 a year.
The apartment can be used as an office, a business with a separate driveway and entrance, a "mother-in-law's" home, or continue renting it and use the passive cash flow to pay off a 30 year mortgage in about 17 years.
A four-level split on the mid hillside on a quiet dead-end street that provides easy access to all of Anchorage. It feels like you're in the country, but you're only 15 minutes from the Ted Stevens Airport, only 20 minutes from downtown, only 30 minutes from Eagle River, and just 1 hour from Whittier.
Main House: 3 Bedrooms / 2 Bathrooms / 3 Living Rooms / 2 Car Garage
Apartment: 1 Bedroom / 1 Office or 5th Bedroom / 1 Bathroom / 1 Laundry -- Storage room / 1 Carport
3,060 square feet
Updated: Plumbing and heating, some windows, a roof, and new high-end appliances in the main house (new appliances are not shown in the pictures).
Wonderful appliances included in the sale, to include both laundry rooms.
Oversized 2 car garage attached to the main house on driveway #1.
Carport attached to the apartment on driveway #2.
Last Agent to Sell the Property
Sun Properties, LLC License #13871 Listed on: 08/19/2016
Last Buyer's Agent
The Anderson Group Alaska
RE/MAX Dynamic Properties - Eagle River Branch
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,920
Year Built
- Built in 1964
Lot Details
- 0.51 Acre Lot
- Property fronts an inlet
- Gentle Sloping Lot
- Private Yard
- Suitable for Bed and Breakfast
- Property is zoned R6, Suburban Residential
Parking
- 2 Car Attached Garage
- 1 Attached Carport Space
Property Views
- Ocean
- Bay
- City Lights
- Peek-A-Boo
Home Design
- Block Foundation
- Slab Foundation
- Shingle Roof
- Composition Roof
- Asphalt Roof
Interior Spaces
- 3,060 Sq Ft Home
- Vaulted Ceiling
- Ceiling Fan
- Fireplace
- Family Room
- Fire and Smoke Detector
- Washer and Dryer
Kitchen
- Oven or Range
- <<microwave>>
- Dishwasher
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- In-Law or Guest Suite
- 3 Full Bathrooms
- Spa Bath
Outdoor Features
- Spa
- Deck
- Shed
Schools
- O'malley Elementary School
- Hanshew Middle School
- Service High School
Utilities
- Baseboard Heating
- Private Water Source
- Septic Tank
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 19, 2016
Closed on
Nov 28, 2016
Sold by
Smith Gregory A and Smith Jenny L
Bought by
Dow Sarah Lynne and Dow Brian Robert
Seller's Agent
Rick Davids
Sun Properties, LLC
Buyer's Agent
The Anderson Group Alaska
RE/MAX Dynamic Properties - Eagle River Branch
List Price
$437,000
Sold Price
$427,000
Premium/Discount to List
-$10,000
-2.29%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,916
Avg. Annual Appreciation
3.98%
Original Mortgage
$405,650
Outstanding Balance
$329,640
Interest Rate
3.47%
Mortgage Type
New Conventional
Estimated Equity
$267,604
Purchase Details
Listed on
Feb 23, 2015
Closed on
Jul 14, 2015
Sold by
Vander Bie Matthew J and Vander Bie Karla K H
Bought by
Smith Gregory A and Smith Jenny L
Seller's Agent
The Huntley Team
Keller Williams Realty Alaska Group
List Price
$389,000
Sold Price
$396,000
Premium/Discount to List
$7,000
1.8%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.45%
Original Mortgage
$376,200
Interest Rate
3.85%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 27, 2003
Sold by
Vanderbie Matthew J and Vanderbie Karla K
Bought by
Vander Bie Matthew J and Vander Bie Karla
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 24, 2003
Sold by
Vanderbie Matthew J and Vanderbie Karla K H
Bought by
Vanderbie Matthew J and Vanderbie Karla K H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dow Sarah Lynne | -- | Sta | |
| Smith Gregory A | -- | United Title Guaranty | |
| Vander Bie Matthew J | -- | -- | |
| Vander Bie Matthew J | -- | -- | |
| Vanderbie Matthew J | -- | First American Title Of Alas |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dow Sarah Lynne | $405,650 | |
| Previous Owner | Smith Gregory A | $376,200 | |
| Previous Owner | Vander Ble Matthew J | $273,000 | |
| Previous Owner | Vander Bie Matthew J | $214,620 | |
| Previous Owner | Vander Bie Karla K H | $50,000 | |
| Previous Owner | Vander Bie Matthew J | $160,000 | |
| Previous Owner | Vanderbie Matthew J | $160,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/14/2016 12/14/16 | Sold | -- | -- | -- |
| 10/06/2016 10/06/16 | Pending | -- | -- | -- |
| 08/20/2016 08/20/16 | For Sale | $437,000 | +12.3% | $143 / Sq Ft |
| 07/15/2015 07/15/15 | Sold | -- | -- | -- |
| 05/24/2015 05/24/15 | Pending | -- | -- | -- |
| 02/23/2015 02/23/15 | For Sale | $389,000 | -- | $127 / Sq Ft |
Source: Alaska Multiple Listing Service
Tax History Compared to Growth
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 | $5,920 | $510,800 | $102,900 | $407,900 |
| 2023 | $6,713 | $474,400 | $98,900 | $375,500 |
| 2022 | $5,833 | $457,900 | $98,900 | $359,000 |
| 2021 | $6,561 | $424,100 | $98,900 | $325,200 |
| 2020 | $5,086 | $415,300 | $98,900 | $316,400 |
| 2019 | $4,954 | $410,300 | $98,900 | $311,400 |
| 2018 | $4,362 | $367,500 | $95,000 | $272,500 |
| 2017 | $4,884 | $383,400 | $91,100 | $292,300 |
| 2016 | $4,168 | $397,700 | $91,100 | $306,600 |
| 2015 | $4,168 | $387,500 | $86,200 | $301,300 |
| 2014 | $4,168 | $367,300 | $83,100 | $284,200 |
Source: Public Records
Agents Affiliated with this Home
-
Rick Davids
-
T
Buyer's Agent in 2016
The Anderson Group Alaska
RE/MAX
-
T
Seller's Agent in 2015
The Huntley Team
Keller Williams Realty Alaska Group
Map
Source: Alaska Multiple Listing Service
MLS Number: 16-13688
APN: 01551101000
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The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than Ten-X are marked with either the listing brokerage’s logo or the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Copyright 2025 Alaska Multiple Listing Service, Inc. All rights reserved.
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