NOT LISTED FOR SALE
12 Beds
8 Baths
5,280 Sq Ft
6,534 Sq Ft Lot

Sale Details

Date Sold: April 17, 2024

About This Home

Introducing an unparalleled investment opportunity: a rare 4-plex situated in the heart of Eagle River, a location marked by its scarcity of multi-family units and historically low vacancy factor. This property not only stands out for its rarity but also offers a compelling value proposition for investors keen on tapping into a high-demand area.With an average rental rate of $1,765 per unit. Each unit, featuring three bedrooms and 2 baths and an exclusive washer and dryer in each unit, ensuring high tenant satisfaction and retention. This 4-plex is not just a real estate asset; it represents a scarce investment in a prime location with a strong income stream, low vacancy risk, and high tenant appeal. It's an exceptional addition to any investment portfolio, offering a solid blend of income stability and growth potential in Eagle River's thriving rental market. Capitalize on this unique opportunity to invest in a property that promises both immediate returns and long-term value appreciation.

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Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2024
Closed on
Apr 11, 2024
Sold by
Jones Nichole and Jones Cordell
Bought by
Seller's Agent
Justin McGhee
Real Broker Alaska
Buyer's Agent
Unity Home Group
Keller Williams Realty Alaska Group
List Price
$750,000
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Outstanding Balance
$549,304
Interest Rate
6.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2022
Sold by
Jones Matthew A and Jones Meme A
Bought by
Jones Nichole and Jones Cordell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,110,000
Interest Rate
5.3%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 1, 2002
Sold by
Jones Robert O
Bought by
Jones Matthew A and Jones Meme A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
6.84%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Eagle River, AK

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
Jones Nichole -- Collier Law
Jones Matthew A -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $562,500
Previous Owner Jones Nichole $1,110,000
Previous Owner Jones Matthew A $276,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/17/2024 04/17/24 Sold -- -- -- View Prior Sale
03/11/2024 03/11/24 Pending -- -- --
03/06/2024 03/06/24 For Sale $750,000 0.0% $142 / Sq Ft
12/11/2018 12/11/18 Rented -- -- --
12/11/2018 12/11/18 Under Contract -- -- --
09/04/2018 09/04/18 For Rent $1,600 -- --

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,830 $494,950 $322,004 $172,946
2024 $5,830 $485,246 $315,691 $169,555
2023 $5,482 $475,732 $309,501 $166,231
2022 $5,472 $466,404 $303,432 $162,972
2021 $5,442 $457,259 $297,482 $159,777
2020 $5,336 $452,573 $294,433 $158,140
2019 $5,089 $443,700 $288,660 $155,040
2018 $5,053 $435,000 $283,000 $152,000
2017 $1,273 $91,837 $43,277 $48,560
2016 $1,210 $90,037 $42,429 $47,608
2015 $1,173 $88,687 $41,793 $46,894
2014 $3,316 $286,042 $143,021 $143,021
Source: Public Records

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