$599,000
SOLD SEP 19, 2024
Last list price

122 W West Fairview Ave Homer, AK 99603

6 Beds
4 Baths
3,270 Sq Ft
0.28 Acres

Recently Sold

$183 Per Sq Ft

265 Days on Market

Highlights

  • Views of a Glacier
  • Property fronts an inlet
  • Carpet
  • Homer Middle School Rated A-
  • Washer and Dryer
  • Radiant Heating System

About This Home

As of September 2024

Great Income Opportunity - Own Your Very Own Fourplex! Don't miss out on this amazing chance to invest in a prime real estate gem! Own a fourplex that offers a fantastic income potential, right in the heart of town. This is the perfect opportunity for investors and aspiring landlords. Laundry available in Main upstairs unit. 72 HR notice for showings.Property Highlights:
Conveniently located, offering a beautiful view and close proximity to town amenities.
Within close distance to shops, restaurants, and entertainment hubs, ensuring high tenant demand.
Four units, each providing excellent rental income opportunities.
Parking available for tenants.
Whether you're a seasoned investor or just starting your real estate journey, this fourplex is an exceptional opportunity. Start generating passive income and build long-term wealth with this remarkable income-generating property.
Unit A-$1,500 per month
Unit B-$1,200 per month
Unit C-$2,000 per month
Unit D-$850 Per month
Don't wait! Act now and secure your financial future with your very own fourplex.
Do not disturb tenants.

Last Agent to Sell the Property

Hionia Kalugin

Berkshire Hathaway HomeServices Alaska Realty License #153205 Listed on: 11/09/2023

Berkshire Hathaway HomeServices Alaska Realty

Last Buyer's Agent

Hionia Kalugin

Berkshire Hathaway HomeServices Alaska Realty License #153205 Listed on: 11/09/2023

Berkshire Hathaway HomeServices Alaska Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,400

Year Built

  • Built in 1970

Lot Details

  • 0.28 Acre Lot
  • Property fronts an inlet

Property Views

  • Bay
  • Glacier
  • City Lights

Home Design

  • 3,270 Sq Ft Home
  • Quadruplex
  • Metal Roof

Flooring

  • Carpet
  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • 6 Parking Spaces
  • 1 Carport Space

Schools

  • Paul Banks/Homer Elementary School
  • Homer Middle School
  • Homer High School

Additional Features

  • Washer and Dryer
  • Radiant Heating System

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,400

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.28
  • Road Surface Type: Paved
  • Directions: From Homer Turn onto Main St, Turn Left on to West Fairview Ave. Blue Building to the right. Sign Posted.
  • Carport Y N: Yes
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Quadruplex
  • Year Built: 1970
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Washer/Dryer
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Flooring: Carpet, Laminate, Linoleum, Luxury Vinyl
  • Living Area: 3270

Exterior Features

  • Lot Features: Covenants, City Lot
  • Topography: Level
  • View: Bay, City Lights, Glacier, Inlet, Mountain(s)
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Frame
  • Foundation Details: Concrete Perimeter
  • Property Condition: Existing Structure
  • Roof: Metal

Garage/Parking

  • Carport Spaces: 1
  • Covered Parking Spaces: 1
  • Parking Features: No Carport
  • Total Parking Spaces: 6

Utilities

  • Laundry Features: Washer/Dryer HkUp
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Heating: Radiant
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Paul Banks/Homer
  • High School: Homer
  • Middle Or Junior School: Homer

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 12196.8
  • Mobile Dim Units: Feet
  • Zoning Description: Residential Office
  • Zoning: RO
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Map Number: N/A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2023
Closed on
Sep 17, 2024
Sold by
Kim Tae Gon and Cho Jung Hee
Bought by
Kulikov Maria and Mcgregor Austin
Seller's Agent
Hionia Kalugin
Berkshire Hathaway HomeServices Alaska Realty
Buyer's Agent
Hionia Kalugin
Berkshire Hathaway HomeServices Alaska Realty
List Price
$615,000
Views
91
Current Estimated Value
$622,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.60%
Original Mortgage
$588,150
Outstanding Balance
$584,898
Interest Rate
6.47%
Mortgage Type
FHA
Estimated Equity
$10,878

Purchase Details

Closed on
Jun 14, 2005
Sold by
Brown Farrell S
Bought by
Evarts Ray

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
5.72%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 10, 2004
Sold by
Brown Florence M
Bought by
Brown Farrell S
Source: Public Records

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Range of Values:

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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 Type Sale Price Title Company
Warranty Deed -- First American Title
Warranty Deed -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $588,150 FHA
Previous Owner $134,700 New Conventional
Previous Owner $80,000 Unknown
Previous Owner $40,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2024 09/19/24 Sold -- -- --
08/01/2024 08/01/24 Pending -- -- --
06/25/2024 06/25/24 Price Changed $599,000 -2.6% $183 / Sq Ft
11/09/2023 11/09/23 For Sale $615,000 -- $188 / 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 $3,400 $331,400 $56,500 $274,900
2023 $2,813 $257,600 $49,900 $207,700
2022 $2,877 $256,000 $41,900 $214,100
2021 $2,696 $241,400 $40,700 $200,700
2020 $2,650 $231,600 $40,300 $191,300
2019 $2,701 $234,900 $40,300 $194,600
2018 $2,696 $234,400 $39,800 $194,600
2017 $2,626 $232,400 $38,800 $193,600
2016 $2,187 $193,500 $43,300 $150,200
2015 $2,251 $185,200 $43,300 $141,900
2014 $2,251 $200,000 $43,300 $156,700
Source: Public Records

Agents Affiliated with this Home

  • Hionia Kalugin

    Seller's Agent in 2024

    Hionia Kalugin

    Berkshire Hathaway HomeServices Alaska Realty

    (907) 399-6815

    7 in this area

    79 Total Sales

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Map

Source: Alaska Multiple Listing Service

MLS Number: 23-13433

Alaska Multiple Listing Service

APN: 175-063-15

Alaska Kenai Peninsula Borough Homer 99603

122 W West Fairview Ave, Homer, AK

This home is located at 122 W West Fairview Ave, Homer, AK 99603 and is currently estimated at $599,000, approximately $183 per square foot. This property was built in 1970. 122 W West Fairview Ave is a home located in Kenai Peninsula Borough with nearby schools including Paul Banks Elementary School, West Homer Elementary School, and Homer Middle School.

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