$562,500
SOLD JUL 11, 2023
Last list price
4 Beds
2.5 Baths
2,172 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$259 Per Sq Ft

1 Day on Market

Highlights

  • Deck
  • Wood Flooring
  • Solid Surface Countertops
  • Service High School Rated A-
  • Private Yard
  • Fireplace

About This Home

As of July 2023

Really nice floor plan in this traditional two story home in the Terraces. Open concept in the kitchen/main living area, lots of windows to let in natural light, newer S/S appliances, comfortable living room with gas fireplace that leads to the back deck. Full southern exposure & a great fenced backyard for this neighborhood. Master suite, all beds + laundry upstairs, & desirable school district!

Last Agent to Sell the Property

Hunter Burton

RE/MAX Dynamic Properties License #18004 Listed on: 06/02/2023

RE/MAX Dynamic Properties

Last Buyer's Agent

Matthew Miller

Real Broker Alaska License #18323

Real Broker Alaska

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,176

Year Built

  • Built in 2005

Lot Details

  • 10,019 Sq Ft Lot
  • Fenced
  • Private Yard
  • Property is zoned R1, Single Family Residential

Parking

  • 2 Car Attached Garage
  • Attached Carport
  • Open Parking

Home Design

  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 2,172 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Family Room
  • Home Security System
  • Washer and Dryer

Kitchen

  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Spring Hill Elementary School
  • Hanshew Middle School
  • Service High School

Additional Features

  • Deck
  • Forced Air Heating System

Community Details

  • Property has a Home Owners Association
  • The Terraces Association, Phone Number (907) 345-4110

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,176

Year Built

Built in 2005

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.23
  • Road Surface Type: Paved
  • Directions: South on Lake Otis from O'Malley, then left on Tulin Park Dr. at T take right, turn right on Morgan Loop, home is on the right.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Structure Type: Single Family Res
  • Year Built: 2005
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Washer &/Or Dryer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood
  • Interior Amenities: Family Room, Solid Surface Counter
  • Living Area: 2172

Exterior Features

  • Fencing: Fenced
  • Lot Features: Covenant/Restriction
  • Topography: Level,Sloping
  • View: No
  • Waterfront Features: None, No Access
  • Waterfront: No
  • Home Warranty: No
  • Common Walls: No Common Walls
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Private Yard
  • Foundation Details: Block
  • Patio And Porch Features: Deck/Patio
  • Property Condition: Existing Structure
  • Roof: Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garaged Spaces: 2
  • Open Parking: Yes
  • Parking Features: Garage Door Opener, Paved, Attached, Heated Garage, No Carport
  • Total Parking Spaces: 2

Utilities

  • Security: Security System
  • Heating: Fireplace(s), Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 30
  • Association Name: The Terraces
  • Phone: 907-345-4110
  • Association: Yes

Schools

  • Elementary School: Spring Hill
  • High School: Service
  • Middle Or Junior School: Hanshew

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 10018.8
  • Mobile Dim Units: Feet
  • Zoning Description: Single Family Residential
  • Zoning: R1
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

Tax Info

  • Tax Map Number: N/A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2023
Closed on
Jun 26, 2023
Sold by
Jackson Zaira A Olvera and Jackson Jason E
Bought by
Balbarino Kim Gerald Salud and Balbarino Timoteo
Seller's Agent
Hunter Burton
RE/MAX Dynamic Properties
Buyer's Agent
Matthew Miller
Real Broker Alaska
List Price
$562,500
Sold Price
$564,500
Premium/Discount to List
$2,000
0.36%
Views
50
Current Estimated Value
$518,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$45,963
Avg. Annual Appreciation
-4.51%
Original Mortgage
$536,275
Outstanding Balance
$531,164
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
-$16,655

Purchase Details

Listed on
Apr 20, 2018
Closed on
May 29, 2018
Sold by
Anderson Ryan Michael and Anderson Amy Elizabeth
Bought by
Jackson Zaira Olvera and Jackson Jason E
Seller's Agent
Mary Stephens
Keller Williams Realty Alaska Group
Buyer's Agent
Ryan Bozarth
Keller Williams Realty Alaska Group
List Price
$436,000
Sold Price
$436,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.17%
Original Mortgage
$445,374
Interest Rate
4.4%
Mortgage Type
VA

Purchase Details

Closed on
Jan 5, 2018
Sold by
Anderson Bryan M and Anderson Amy E
Bought by
Anderson Amy E and Anderson Bryan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.95%

Purchase Details

Closed on
Feb 7, 2012
Sold by
Anderson Bryan M
Bought by
Anderson Bryan M and Anderson Amy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2011
Sold by
Mac Freddie
Bought by
Anderson Bryan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,800
Interest Rate
4.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 2011
Sold by
Wells Fargo Bank N A
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Aug 30, 2006
Sold by
Powell Rodney N and Powell Tamara D
Bought by
Smith Michael J and Smith Diana J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,750
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 4, 2005
Sold by
Henry Robert Mason
Bought by
Powell Rodney N and Powell Tamara D

Purchase Details

Closed on
Sep 28, 2005
Sold by
Plooy Thomas R
Bought by
Henry Robert Mason
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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- None Available
Deed -- --
Interfamily Deed Transfer -- None Available
Warranty Deed -- Fatic
Special Warranty Deed -- Auta
Trustee Deed $422,996 Auta
Warranty Deed -- None Available
Warranty Deed -- Alyeska Title Guaranty Agenc
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $536,275 New Conventional
Previous Owner $433,811 VA
Previous Owner $445,374 VA
Previous Owner -- No Value Available
Previous Owner $136,000 Credit Line Revolving
Previous Owner $320,000 New Conventional
Previous Owner $320,800 Purchase Money Mortgage
Previous Owner $403,750 Purchase Money Mortgage
Previous Owner $137,000 Unknown
Previous Owner $177,300 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2023 07/11/23 Sold -- -- --
06/04/2023 06/04/23 Pending -- -- --
06/02/2023 06/02/23 For Sale $562,500 +29.0% $259 / Sq Ft
05/30/2018 05/30/18 Sold -- -- --
04/22/2018 04/22/18 Pending -- -- --
04/20/2018 04/20/18 For Sale $436,000 -- $201 / 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 $8,176 $506,400 $126,000 $380,400
2023 $7,830 $459,800 $126,000 $333,800
2022 $4,185 $448,500 $126,000 $322,500
2021 $7,538 $418,300 $126,000 $292,300
2020 $3,548 $409,900 $126,000 $283,900
2019 $5,908 $411,100 $126,000 $285,100
2018 $5,792 $403,200 $126,000 $277,200
2017 $6,136 $411,800 $126,000 $285,800
2016 $5,395 $408,300 $126,000 $282,300
2015 $5,395 $397,600 $126,000 $271,600
2014 $5,395 $383,400 $119,900 $263,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alaska Multiple Listing Service

MLS Number: 23-5986

Alaska Multiple Listing Service

APN: 01553141000