NOT LISTED FOR SALE

16928 Mercy Dr Eagle River, AK 99577

Eagle River Neighborhood

Estimated Value: $392,285 - $413,000

4 Beds
2 Baths
1,983 Sq Ft
$203/Sq Ft Est. Value

Last Sold August 02, 2023

Current estimated payment $2,583/month

Highlights

  • Views
  • Baseboard Heating
  • Carpet
  • Shed

About This Home

As of August 2023

Fully fenced separately. Units have been updated in the last few years. Separate furnaces and washer and dryer. Wood burning fireplaces.Owner only pays water and sewer, tenant pays all other.

Last Agent to Sell the Property

Kathy Geraci

Great Land Property Management, LLC License #5973 Listed on: 06/06/2023

Co-Listed By

Melinda Pedersen

Great Land Property Management, LLC License #158349

Last Buyer's Agent

Alaska Realty Experts

EXP Realty LLC - Midtown Anchorage License #500074

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,362

Year Built

  • Built in 1983

Lot Details

  • 10,454

Parking

  • 3 Parking Spaces

Home Design

  • 1,983 Sq Ft Home
  • Duplex
  • Wood Frame Construction
  • Shingle Roof

Flooring

  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Fire Lake Elementary School
  • Mirror Lake Middle School
  • Chugiak High School

Additional Features

  • Shed
  • 10,454 Sq Ft Lot
  • Baseboard Heating
  • Property Views

Community Details

  • 2 Units
  • Gross Income $2,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,362

Year Built

Built in 1983

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.24
  • Road Frontage Type: Dedicated Road
  • Road Surface Type: Paved
  • Co List Office Phone: 907-694-1221
  • Directions: Old Glenn Hwy to Mercy Dr, go west, unit is 2nd on the left. Unit on the left has a covered porch.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Duplex
  • Year Built: 1983
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Flooring: Carpet, Linoleum
  • Living Area: 1983

Exterior Features

  • Lot Features: City Lot
  • Topography: Level
  • View: Mountain(s)
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame - 2x4
  • Other Structures: Shed(s)
  • Property Condition: Existing Structure
  • Roof: Shingle

Garage/Parking

  • Parking Features: RV Access/Parking
  • Total Parking Spaces: 3

Utilities

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

Schools

  • Elementary School: Fire Lake
  • High School: Chugiak
  • Middle Or Junior School: Mirror Lake

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 10454.4
  • Mobile Dim Units: Feet
  • Zoning Description: Single and Two Family Residential
  • Zoning: CE-R-2A
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 2600

Tax Info

  • Tax Annual Amount: 5362
  • Tax Map Number: N/A
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2023
Closed on
Jul 7, 2023
Sold by
Brooks Andrew J and Brooks Maureen L
Bought by
Watson Joseph and Watson Melissa R
Seller's Agent
Kathy Geraci
Great Land Property Management, LLC
Buyer's Agent
Alaska Realty Experts
EXP Realty LLC - Midtown Anchorage
List Price
$365,000
Views
1
Current Estimated Value
$402,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.79%
Original Mortgage
$273,750
Outstanding Balance
$265,675
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$136,968

Purchase Details

Closed on
Sep 4, 2003
Sold by
Fouts Ricky L and Fouts Denise D
Bought by
Brooks Andrew J and Brooks Maureen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 1999
Sold by
Karban Robert and Karban Mary L
Bought by
Fouts Ricky L and Fouts Denise D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,141
Interest Rate
6.78%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 9, 1994
Sold by
Banner John F and Banner Lynda N
Bought by
Melcher Ronald L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,730
Interest Rate
8.57%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 27, 1987
Sold by
City Federal S & L Association and City Federal Savings Bank
Bought by
Banner John F and Banner Lynda N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,100
Interest Rate
11.64%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Watson Joseph -- None Listed On Document
Brooks Andrew J -- --
Fouts Ricky L -- --
Melcher Ronald L -- --
Melcher Ronald L -- --
Banner John F -- --
Banner John F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Watson Joseph $273,750
Previous Owner Brooks Andrew J $156,000
Previous Owner Fouts Ricky L $148,141
Previous Owner Melcher Ronald L $108,730
Previous Owner Banner John F $71,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2023 08/02/23 Sold -- -- --
06/07/2023 06/07/23 For Sale $365,000 -- $184 / Sq Ft
06/06/2023 06/06/23 Pending -- -- --
Source: Alaska Multiple Listing Service

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 $5,580 $362,500 $109,000 $253,500
2024 $5,580 $349,400 $109,000 $240,400
2023 $5,598 $340,300 $109,000 $231,300
2022 $5,362 $323,200 $109,000 $214,200
2021 $5,093 $287,900 $109,000 $178,900
2020 $4,606 $287,900 $109,000 $178,900
2019 $4,628 $288,200 $109,000 $179,200
2018 $4,670 $290,600 $109,600 $181,000
2017 $4,646 $293,700 $104,000 $189,700
2016 $3,718 $282,300 $104,000 $178,300
2015 $3,718 $271,200 $94,800 $176,400
2014 $3,718 $257,300 $87,600 $169,700
Source: Public Records

Agents Affiliated with this Home

  • Kathy Geraci

    Seller's Agent in 2023

    Kathy Geraci

    Great Land Property Management, LLC

    (907) 242-5276

    22 in this area

    73 Total Sales

    Kathy Geraci
    Section Image

  • M

    Seller Co-Listing Agent in 2023

    Melinda Pedersen

    Great Land Property Management, LLC

    (907) 388-2868

    2 in this area

    3 Total Sales

    Melinda Pedersen
    Section Image

  • A

    Buyer's Agent in 2023

    Alaska Realty Experts

    EXP Realty LLC - Midtown Anchorage

See All Agents

Map

Source: Alaska Multiple Listing Service

MLS Number: 23-6196

Alaska Multiple Listing Service

APN: 05003518000

Alaska Anchorage Borough Eagle River 99577 Eagle River

16928 Mercy Dr, Eagle River, AK

Not Listed for Sale

MultiFamily

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