NOT LISTED FOR SALE

Estimated Value: $336,547 - $499,000

7 Beds
4 Baths
2,434 Sq Ft
$172/Sq Ft Est. Value

Last Sold January 13, 2020

Current estimated payment $2,573/month

75 Days on Market

Highlights

  • Property fronts an inlet
  • City Lights View
  • Baseboard Heating
  • Gruening Middle School Rated A-

About This Home

As of January 2020

3X Income! This may be an older property but it produces with minimal expense. Located in the heart of Eagle River on quiet residential street. Largest unit has 4 BRs, approx 1900 sqft & currently rents for $1700. Unit 2 has 2 BRs, washer/dryer, updated bathroom, approx 600 sqft & rents for $950. Unit 3 is 1 BR w/office, shed & carport,approx 600 sqft, rents for $650.BTV all.

Last Agent to Sell the Property

Kathy Geraci

Great Land Property Management, LLC License #5973 Listed on: 05/28/2019

Last Buyer's Agent

Keira Dreher

Keller Williams Realty Alaska Group of Eagle River License #500057

Keller Williams Realty Alaska Group of Eagle River

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,465

Year Built

  • Built in 1963

Lot Details

  • 7,841 Sq Ft Lot
  • Property fronts an inlet

Parking

  • 7 Parking Spaces

Home Design

  • Triplex
  • Wood Frame Construction

Interior Spaces

  • 2,434 Sq Ft Home
  • Laminate Flooring
  • City Lights Views

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Schools

  • Eagle River Elementary School
  • Gruening Middle School
  • Eagle River High School

Utilities

  • Baseboard Heating

Listing and Financial Details

  • Total Actual Rent $3,300

Community Details

Overview

  • 3 Units

Building Details

  • Fuel Expense $2,264
  • Insurance Expense $2,200
  • Professional Management Expense $3,960
  • Water Sewer Expense $936
  • New Taxes Expense $4,683
  • Operating Expense $10,663
  • Gross Income $39,640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,465

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.18
  • Road Frontage Type: Dedicated Road
  • Road Surface Type: Paved
  • Professional Management Expense: 3960
  • Directions: Old Glenn to Coronado St (Starbucks on corner) to Dawn go right unit is on the left.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Triplex
  • Year Built: 1963
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Full Bathrooms: 4
  • Total Bedrooms: 7
  • Flooring: Laminate
  • Living Area: 2434

Exterior Features

  • Lot Features: City Lot
  • Topography: Level
  • View: City Lights, Inlet, Mountain(s)
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Unknown, Wood Frame - 2x4
  • Property Condition: Existing Structure

Garage/Parking

  • Attached Garage: No
  • Parking Features: RV Access/Parking, No Carport, No Garage
  • Total Parking Spaces: 7

Utilities

  • Laundry Features: Common Area, Washer/Dryer HkUp
  • Security: Carbon Monoxide Detector(s)
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Fee Information

  • Annual Fuel Expense: 2264
  • Annual Water Sewer Expense: 936

Schools

  • Elementary School: Eagle River
  • High School: Eagle River
  • Middle Or Junior School: Gruening

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 7840.8
  • Mobile Dim Units: Feet
  • Zoning Description: Two Family Residential
  • Zoning: CE-R-2D
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 39640
  • Insurance Expense: 2200
  • Annual Operating Expense: 10663
  • Total Actual Rent: 3300

Tax Info

  • New Taxes Expense: 4683
  • Tax Annual Amount: 4465
  • Tax Map Number: N/A
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 16, 2019
Sold by
Mccarthy Patrick M and Mccarthy Katrin S
Bought by
Lowry Emily
Current Estimated Value
$400,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,489
Interest Rate
3.6%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 4, 2010
Sold by
Mccarthy Patrick M
Bought by
Mccarthy Patrick M and Mccarthy Katrin S

Purchase Details

Closed on
Jan 28, 2009
Sold by
Mccormick Robin C
Bought by
Mccarthy Patrick M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,000
Interest Rate
5.14%
Source: Public Records

Range of Values:

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Average Value
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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
Lowry Emily -- None Available
Mccarthy Patrick M -- Accommodation
Mccarthy Patrick M -- Atga
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lowry Alek M $77,000
Open Lowry Alek M $280,500
Previous Owner Lowry Emily $244,489
Previous Owner Mccarthy Patrick M $203,000
Previous Owner Mccarthy Patrick M $167,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2020 01/13/20 Sold -- -- --
08/12/2019 08/12/19 Pending -- -- --
05/28/2019 05/28/19 For Sale $315,000 0.0% $129 / Sq Ft
07/05/2017 07/05/17 Rented -- -- --
07/05/2017 07/05/17 Under Contract -- -- --
06/01/2017 06/01/17 For Rent $1,750 -- --
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 $4,868 $408,700 $118,600 $290,100
2024 $4,868 $379,800 $104,800 $275,000
2023 $6,001 $364,800 $100,200 $264,600
2022 $4,775 $337,800 $94,900 $242,900
2021 $5,222 $295,200 $94,900 $200,300
2020 $4,768 $298,000 $94,900 $203,100
2019 $4,747 $295,600 $94,900 $200,700
2018 $4,464 $277,800 $74,900 $202,900
2017 $4,683 $296,000 $74,900 $221,100
2016 $3,855 $280,300 $74,900 $205,400
2015 $3,855 $280,800 $74,900 $205,900
2014 $3,855 $268,600 $73,100 $195,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alaska Multiple Listing Service

MLS Number: 19-8450

Alaska Multiple Listing Service

APN: 05015512000