NOT LISTED FOR SALE

247 Patterson St Anchorage, AK 99504

Northeast Anchorage Neighborhood

Estimated Value: $122,000 - $355,944

3 Beds
2 Baths
1,230 Sq Ft
$196/Sq Ft Est. Value

Last Sold December 11, 2023

Current estimated payment $1,739/month

62 Days on Market

About This Home

As of December 2023

Perfect Opportunity for First-Time Homebuyers and Savvy Investors! Fully remodeled gigantic ranch on a huge flat lot. Backyard is level and usable. Completely remodeled from studs out! Walk through and your buyers will fall in love. Vacant and easy to show! Please use showing time to schedule.Welcome to this fully remodeled and spacious ranch-style home. Situated on a generously sized, level lot, this property boasts modern upgrades throughout.

Key Features for First-Time Homebuyers:

- Turnkey Living: This home is move-in ready, featuring fully remodeled bathrooms, kitchen flooring, and windows. You'll enjoy the comfort and convenience of a newly renovated space.
- Spacious and Stylish: The open layout of this ranch provides ample room for comfortable living, making it an ideal choice for those seeking a spacious and stylish home.
- Inviting Backyard: Step into the large backyard, perfect for outdoor enjoyment, whether you're hosting gatherings, gardening, or simply unwinding in your own outdoor oasis.
- Convenient Location: Close to essential amenities and the base, you'll appreciate the convenience and of easy access.


Key Features for Investors:

- Investment Potential: With its prime location and recent renovations, this property offers outstanding investment potential. It's ready to attract reliable tenants to generate rental income.
- Modern Upgrades: Explore the comprehensive list of upgrades in the documents section, highlighting the new appliances, flooring, and windows that enhance the property's appeal to potential renters.
- Proximity to JBER: This property distinguishes itself from the competition, making it a top choice for military personnel and JBER employees seeking quality housing.
- Low Vacancy Rate: With its move-in ready condition and desirable location, you can expect a low vacancy rate and consistent rental income.
Property is on an R-4 multifamily lot, so the lot can be upgraded in the future to support a duplex up to a 4plex!

Don't Miss Your Chance:

This fully remodeled ranch is a perfect fit for both first-time homebuyers looking for a comfortable and stylish home and investors seeking a property with strong income potential. Seize this rare opportunity - schedule a showing today through Showing Time and discover how this property can fulfill your homeownership dreams or investment goals.

Last Agent to Sell the Property

Buyers Real Estate Team

Buyers Real Estate, LLC License #500091 Listed on: 09/02/2023

Last Buyer's Agent

Precision Home Group

RE/MAX - Precision Home Group License #500058

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,742

Year Built

  • Built in 1946

Lot Details

  • 9,583 Sq Ft Lot
  • Property is zoned R2M, Multi Family Residential

Home Design

  • 1,230 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Btv-Undiscl By Ll Elementary And Middle School
  • Btv-Undiscl By Ll High School

Utilities

  • Forced Air Heating System

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,742

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.22
  • Co List Office Mls Id: 839
  • Co List Office Phone: 907-561-2227
  • Directions: Take Boundary Ave between Turpin and Muldoon to Patterson Street.
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Property Attached Yn: No
  • Structure Type: Single Family Res
  • Year Built: 1946
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1230

Exterior Features

  • Topography: Level
  • Waterfront Features: None, No Access
  • Waterfront: No
  • Home Warranty: No
  • Common Walls: No Common Walls
  • Foundation Details: Unknown - BTV
  • Property Condition: Existing Structure

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, No Carport

Utilities

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

Schools

  • Elementary School: BTV-Undiscl by LL
  • High School: BTV-Undiscl by LL
  • Middle Or Junior School: BTV-Undiscl by LL

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 9583.2
  • Mobile Dim Units: Feet
  • Zoning Description: Multi Family Residential
  • Zoning: R2M
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

Tax Info

  • Tax Annual Amount: 3741.85
  • Tax Map Number: N/A
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2023
Closed on
Dec 6, 2023
Sold by
Johnson Joshua
Bought by
Schrage Benjamin and Schrage Douglas R
Seller's Agent
Buyers Real Estate Team
Buyers Real Estate, LLC
Buyer's Agent
Precision Home Group
RE/MAX - Precision Home Group
List Price
$349,900
Sold Price
$341,500
Premium/Discount to List
-$8,400
-2.4%
Total Days on Market
62
Views
130
Current Estimated Value
$241,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$100,264
Avg. Annual Appreciation
-20.81%
Original Mortgage
$307,350
Outstanding Balance
$303,734
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
-$62,498

Purchase Details

Closed on
Feb 9, 2022
Sold by
Alaska Usa Federal Credit Union
Bought by
Secretary Of Housing And Urban Development

Purchase Details

Closed on
Jan 20, 2020
Sold by
Simpson Thomas R
Bought by
Alaska Usa Federal Credit Union

Purchase Details

Closed on
Nov 14, 2017
Sold by
Simpson Thomas R
Bought by
Alaska Housing Finance Corporation

Purchase Details

Closed on
Aug 6, 2009
Sold by
Smith Michael D and Smith Melissa F
Bought by
Simpson Thomas R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,133
Interest Rate
5.37%
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
Schrage Benjamin -- None Listed On Document
Secretary Of Housing And Urban Development -- None Listed On Document
Alaska Usa Federal Credit Union $186,750 None Available
Alaska Housing Finance Corporation -- None Available
Simpson Thomas R -- Atga
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schrage Benjamin $307,350
Previous Owner Simpson Thomas R $204,133
Previous Owner Smith Michael B $60,000
Previous Owner Smith Michael Brent $79,028
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2023 12/11/23 Sold -- -- --
11/06/2023 11/06/23 Pending -- -- --
10/20/2023 10/20/23 Price Changed $339,900 -1.4% $276 / Sq Ft
09/29/2023 09/29/23 Price Changed $344,900 -1.4% $280 / Sq Ft
09/04/2023 09/04/23 For Sale $349,900 +125.7% $284 / Sq Ft
10/17/2022 10/17/22 Sold -- -- --
09/16/2022 09/16/22 Pending -- -- --
08/16/2022 08/16/22 For Sale $155,000 -- $126 / 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 $4,622 $286,300 $96,900 $189,400
2023 $4,482 $248,700 $96,900 $151,800
2022 $4,239 $251,700 $96,900 $154,800
2021 $4,004 $222,200 $96,900 $125,300
2020 $3,708 $218,100 $96,900 $121,200
2019 $3,571 $218,300 $96,900 $121,400
2018 -- $221,400 $89,300 $132,100
2017 $3,248 $227,400 $89,300 $138,100
2016 -- $221,000 $88,400 $132,600
2015 $2,840 $210,700 $88,400 $122,300
2014 $2,840 $217,100 $88,400 $128,700
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Buyers Real Estate Team

    Buyers Real Estate, LLC

  • P

    Buyer's Agent in 2023

    Precision Home Group

    RE/MAX - Precision Home Group

  • H

    Seller's Agent in 2022

    Huntley & Associates

    Keller Williams Realty Alaska Group

  • Jesse Knight

    Buyer's Agent in 2022

    Jesse Knight

    Real Estate Brokers of Alaska

    (907) 223-0558

    6 in this area

    81 Total Sales

    Jesse Knight
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Map

Source: Alaska Multiple Listing Service

MLS Number: 23-10927

Alaska Multiple Listing Service

APN: 00603211000

Alaska Anchorage Borough Anchorage 99504 Northeast Anchorage

247 Patterson St, Anchorage, AK

This home is located at 247 Patterson St, Anchorage, AK 99504 since 02 September 2023 and is currently estimated at $241,236, approximately $196 per square foot. This property was built in 1946. 247 Patterson St is a home located in Anchorage Municipality with nearby schools including Creekside Park Elementary School, Nicholas J. Begich Middle School, and Bartlett High School.

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