$740,000
SOLD JAN 10, 2025
Last list price
5 Beds
3.5 Baths
3,395 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$218 Per Sq Ft

41 Days on Market

Highlights

  • Spa
  • Deck
  • Granite Countertops
  • Service High School Rated A-
  • Vaulted Ceiling
  • Private Yard

About This Home

As of January 2025

Welcome to this stunning single-family home in the desirable Terraces subdivision! This spacious residence features 5 sizable bedrooms, 4 conveniently located on the same floor. Enter through the grand foyer with its soaring vaulted ceiling and discover a beautifully designed main floor including the kitchen with granite countertops, stainless steel appliances, and a pantry. Enjoy formal diningand an open living space that seamlessly flow to a flat, usable backyard, perfect for outdoor entertaining. The main level also includes a half bath and a generous mudroom off the garage. On the second floor, the primary suite awaits, complete with an ensuite bathroom featuring a double vanity, jetted tub, water closet, and a walk-in closet. Three additional bedrooms, a full bathroom, and a laundry room complete this level. Venture to the third floor to find a versatile flex space with mountain views, ideal for a playroom, office, or media room, along with another bedroom. Additional highlights include granite finishes in all bathrooms, Corian window sills, fresh interior paint in 2024, exterior paint in 2023, and new garage opener in 2023. Don't miss this exceptional home!

Last Agent to Sell the Property

Cher Shaw

RE/MAX Dynamic Properties License #500080 Listed on: 11/02/2024

RE/MAX Dynamic Properties

Last Buyer's Agent

Roy Briley Real Estate Gr

Real Estate Brokers of Alaska License #500063

Real Estate Brokers of Alaska

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,419

Year Built

  • Built in 2013

Lot Details

  • 8,712 Sq Ft Lot
  • Fenced
  • Private Yard
  • Property is zoned R1, Single Family Residential

Parking

  • 3 Car Attached Garage
  • Attached Carport
  • Tandem Parking
  • Open Parking

Home Design

  • Block Foundation
  • Shingle Roof
  • Composition Roof
  • Asphalt Roof

Interior Spaces

  • 3,395 Sq Ft Home
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Family Room
  • Fire and Smoke Detector
  • Property Views

Kitchen

  • Double Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Spa Bath

Outdoor Features

  • Spa
  • Deck

Schools

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

Utilities

  • Humidifier
  • Forced Air Heating System
  • Electricity To Lot Line

Community Details

  • Property has a Home Owners Association
  • The Terraces Association
  • Built by Merit Homes

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,419

Year Built

Built in 2013

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.2
  • Road Surface Type: Paved
  • Directions: S. on Lake Otis, past O'Malley, L on Tulin Park Lp, R. on Morgan Lp
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Tri-Level
  • New Construction: No
  • Property Attached Yn: No
  • Structure Type: Single Family Res
  • Year Built: 2013
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None

Interior Features

  • Spa Features: Bath
  • Private Spa: Yes
  • Appliances: Dishwasher, Disposal, Double Oven, Gas Cooktop, Humidifier, Microwave, Range/Oven, Refrigerator
  • Other Equipment: Air Exchanger
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Carpet, Laminate, Tile
  • Interior Amenities: Ceiling Fan(s), Family Room, Granite Counters, Pantry, Vaulted Ceiling(s)
  • Living Area: 3395
  • Window Features: Window Coverings

Exterior Features

  • Fencing: Fenced
  • Lot Features: Covenant/Restriction, Fire Service Area, City Lot, Landscaped, Road Service Area, Views
  • Topography: Level
  • View: Mountain(s)
  • View: Yes
  • Waterfront Features: None, No Access
  • Waterfront: No
  • Home Warranty: No
  • Builder Name: Merit Homes
  • 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: Asphalt, Composition, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 3
  • Garaged Spaces: 3
  • Open Parking: Yes
  • Parking Features: Garage Door Opener, Paved, Attached, Heated Garage, Tandem, No Carport
  • Total Parking Spaces: 3

Utilities

  • Laundry Features: Washer &/Or Dryer Hookup
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Heating: Forced Air
  • Heating Yn: Yes
  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Utilities: Electric, Phone Connected, Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 30
  • Association Name: The Terraces
  • 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: 8712
  • Mobile Dim Units: Feet
  • Zoning Description: Single Family Residential
  • Zoning: R1
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

Tax Info

  • Tax Annual Amount: 11419.37
  • Tax Map Number: N/A
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2013
Closed on
Jan 31, 2014
Sold by
Merit Homes Llc
Bought by
Ferebauer Robert L and Ferebauer Michelle G
Seller's Agent
Miche Petersen
Herrington and Company, LLC
Buyer's Agent
Sarah Bradbury
RE/MAX Dynamic Properties
List Price
$624,900
Current Estimated Value
$719,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.21%
Original Mortgage
$499,600
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 19, 2013
Sold by
Ingrim William Paul
Bought by
Merit Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,000
Interest Rate
3.38%
Mortgage Type
Construction
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 -- Atga
Warranty Deed -- Atga
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $589,600 New Conventional
Closed $444,000 New Conventional
Closed $453,700 Adjustable Rate Mortgage/ARM
Closed $499,600 Adjustable Rate Mortgage/ARM
Previous Owner $467,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2025 01/10/25 Sold -- -- --
12/18/2024 12/18/24 Pending -- -- --
12/05/2024 12/05/24 Price Changed $740,000 -0.7% $218 / Sq Ft
11/18/2024 11/18/24 Price Changed $745,000 -2.0% $219 / Sq Ft
11/06/2024 11/06/24 For Sale $760,000 +21.6% $224 / Sq Ft
02/03/2014 02/03/14 Sold -- -- --
12/12/2013 12/12/13 Pending -- -- --
06/25/2013 06/25/13 For Sale $624,900 -- $181 / 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 $10,208 $707,300 $120,300 $587,000
2023 $10,751 $631,300 $120,300 $511,000
2022 $9,478 $612,800 $120,300 $492,500
2021 $10,563 $586,200 $120,300 $465,900
2020 $8,947 $576,600 $120,300 $456,300
2019 $8,519 $570,700 $120,300 $450,400
2018 $8,313 $556,900 $120,300 $436,600
2017 $8,536 $565,100 $120,300 $444,800
2016 $1,867 $598,100 $120,300 $477,800
2015 $1,867 $566,800 $120,300 $446,500
2014 $1,867 $553,600 $119,900 $433,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alaska Multiple Listing Service

MLS Number: 24-13782

Alaska Multiple Listing Service

APN: 01553221000