NOT LISTED FOR SALE

Estimated Value: $380,446 - $571,000

4 Beds
5 Baths
4,493 Sq Ft
$100/Sq Ft Est. Value

Last Sold December 30, 2021

Current estimated payment $3,033/month

Highlights

  • Home fronts a creek
  • 0.39 Acre Lot
  • Attached Carport
  • West High School Rated A
  • 10 Car Attached Garage
  • 3-minute walk to Wilson Park

About This Home

As of December 2021

This home is located at 1501 W 40th Ave, Anchorage, AK 99503 since 19 December 2020 and is currently estimated at $450,815, approximately $100 per square foot. This property was built in 1961. 1501 W 40th Ave is a home located in Anchorage Municipality with nearby schools including Willow Crest Elementary School, Romig Middle School, and West High School.

Last Agent to Sell the Property

Gary Cox

Real Estate Brokers of Alaska License #18039 Listed on: 12/19/2020

Real Estate Brokers of Alaska

Last Buyer's Agent

Keenan Fitzpatrick

Real Broker Alaska License #18901

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,140

Year Built

  • Built in 1961

Lot Details

  • 0.39 Acre Lot
  • Home fronts a creek

Home Design

  • 4,493 Sq Ft Home
  • Side-by-Side

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Full Bathrooms

Parking

  • 10 Car Attached Garage
  • Attached Carport

Schools

  • Willow Crest Elementary School
  • Romig Middle School
  • West Anchorage High School

Utilities

  • Heating Available

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,140

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.39
  • Carport Y N: Yes
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Side by Side
  • Year Built: 1961
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Full Bathrooms: 5
  • Total Bedrooms: 4
  • Living Area: 4493

Exterior Features

  • View: No
  • Waterfront Features: Creek Access, Creek
  • Waterfront: Yes
  • Construction Type: Frame
  • Property Condition: Existing Structure

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Attached Carport, Attached
  • Total Parking Spaces: 10

Utilities

  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Willow Crest
  • High School: West Anchorage
  • Middle Or Junior School: Romig

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 16988.4
  • Mobile Dim Units: Feet
  • Zoning Description: Multi Family Residential
  • Zoning: R2M
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Map Number: N/A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2025
Sold by
Byler Contracting and Byler Dennis E
Bought by
Fitzpatrick Keenan
Total Days on Market
0
Current Estimated Value
$450,815

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,188,000
Outstanding Balance
$1,188,000
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
-$733,139

Purchase Details

Closed on
Jun 7, 2024
Sold by
Fitzpatrick Keenan
Bought by
Byler Dennis E and Byler Dennis E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.95%
Mortgage Type
Construction

Purchase Details

Listed on
Dec 19, 2020
Closed on
Dec 27, 2021
Sold by
Michael Kleinman
Bought by
Fitzpatrick Keenan
Seller's Agent
Gary Cox
Real Estate Brokers of Alaska
Buyer's Agent
Keenan Fitzpatrick
Real Broker Alaska
List Price
$150,000
Sold Price
$150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.93%
Original Mortgage
$120,000
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 1, 2012
Sold by
Pluto Enterprises Llc
Bought by
Kleinman Michael

Purchase Details

Closed on
Jun 23, 2005
Sold by
Kleinman Michael
Bought by
Pluto Enterprises Llc
Source: Public Records

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Range of Values:

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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
Fitzpatrick Keenan -- None Listed On Document
Byler Dennis E -- None Listed On Document
Fitzpatrick Keenan -- Collier Law
Kleinman Michael -- None Available
Pluto Enterprises Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fitzpatrick Keenan $1,188,000
Previous Owner Byler Contracting $900,000
Previous Owner Fitzpatrick Keenan $120,000
Previous Owner Kleinman Michael $194,000
Previous Owner Pluto Enterprises Llc $225,000
Previous Owner Kleinman Michael $178,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2021 12/30/21 Sold -- -- --
12/21/2020 12/21/20 Pending -- -- --
12/21/2020 12/21/20 For Sale $150,000 -- $33 / 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 $6,140 $380,300 $126,300 $254,000
2023 $4,654 $273,300 $129,600 $143,700
2022 $4,490 $266,600 $126,400 $140,200
2021 $4,646 $257,800 $126,400 $131,400
2020 $4,345 $255,600 $126,400 $129,200
2019 $4,111 $251,300 $126,400 $124,900
2018 $4,092 $249,500 $122,700 $126,800
2017 $6,724 $429,400 $122,700 $306,700
2016 $4,504 $462,200 $125,500 $336,700
2015 $4,504 $459,300 $125,500 $333,800
2014 $4,504 $427,100 $125,500 $301,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alaska Multiple Listing Service

MLS Number: 20-18408

Alaska Multiple Listing Service

APN: 01011207000