NOT LISTED FOR SALE

Estimated Value: $341,000 - $623,000

3 Beds
2 Baths
1,785 Sq Ft
$295/Sq Ft Est. Value

Last Sold September 05, 2024

Current estimated payment $3,408/month

15 Days on Market

Highlights

  • Deck
  • Granite Countertops
  • Tile Flooring
  • Service High School Rated A-
  • 3 Car Attached Garage
  • Attached Carport

About This Home

As of September 2024

Welcome to the epitome of elegance and comfort in the sought-after Terraces community! This traditional Ranch home, a prized ''Summerland'' layout by Merit Homes, sits on a delightful corner lot and has been maintained with exemplary care by its single owner. Boasting three well-appointed bedrooms and two bathrooms, this property is now on the market for sale.Entertain in style within the open Great room with vaulted ceilings and enjoy cozy evenings by the fireplace. The master suite is an absolute retreat, featuring a jetted tub, separate shower, and a spacious walk-in closet for all your wardrobe needs.
The home is designed with tile in the entry, laminate flooring for easy upkeep, and carpet in two bedrooms for that touch of warmth. Your culinary adventures will be a delight in a kitchen equipped with granite countertops, stainless steel appliances, a pantry, and soft-close cabinet drawers and doors.

Lighting is all about ambiance with dimmable switches throughout the home, the exterior with a fresh coat of paint from 2022 and some of the best landscaping in the neighborhood. Other upgrades include a furnace with an upgraded motor, double hot water heaters, flat-panel LED lights in the garage, laundry, and closets, a home filter reverse osmosis system, and Hunter Douglas top-down/bottom-up window treatments.

Storage won't be a concern as you make use of the spacious mudroom leading to a 3-car garage. Every detail is crafted for your comfort and convenience, ensuring this home is a place where memories will flourish. Don't miss the chance to call this impeccable house your new home. Schedule a showing today!

Last Agent to Sell the Property

Elisabeth Wilson

RE/MAX Dynamic Properties License #103257 Listed on: 07/25/2024

RE/MAX Dynamic Properties

Last Buyer's Agent

Lorrie Seward

Real Broker Alaska License #102352

Real Broker Alaska

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,365

Year Built

  • Built in 2011

Lot Details

  • 8,276 Sq Ft Lot
  • Property is zoned R1A, Single Family Residential

HOA Fees

  • $30 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Attached Carport
  • Open Parking

Home Design

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

Interior Spaces

  • 1,785 Sq Ft Home
  • Gas Fireplace
  • Fire and Smoke Detector
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

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

Additional Features

  • Deck
  • Forced Air Heating System

Community Details

  • The Terraces Association, Phone Number (907) 308-9212
  • Built by Merit Homes, LLC

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,365

Year Built

Built in 2011

Lot Details

0

HOA Fees

$30 per month

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.19
  • Road Surface Type: Paved
  • Directions: From O'Malley Rd, head South on Lake Otis, Left on Mona Ave, Left on Tulin Park Lp, Left on Gladys Marie Circle. Property on the corner.
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Property Attached Yn: No
  • Structure Type: Single Family Res
  • Year Built: 2011
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator, Washer &/Or Dryer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Carpet, Laminate, Tile
  • Interior Amenities: Granite Counters, Pantry
  • Living Area: 1785
  • Window Features: Window Coverings

Exterior Features

  • Lot Features: Covenant/Restriction, Landscaped, Corner Lot
  • View: No
  • Waterfront Features: None, No Access
  • Waterfront: No
  • Home Warranty: No
  • Builder Name: Merit Homes, LLC
  • Common Walls: No Common Walls
  • Construction Type: Frame, Wood Siding
  • 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: Paved, Attached, Heated Garage, No Carport
  • Total Parking Spaces: 3

Utilities

  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 30
  • Association Fee Frequency: Monthly
  • Association Name: The Terraces
  • Phone: 907-308-9212
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Schools

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

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 8276.4
  • Mobile Dim Units: Feet
  • Zoning Description: Single Family Residential
  • Zoning: R1A
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

Tax Info

  • Tax Annual Amount: 8364.73
  • Tax Map Number: N/A
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2024
Closed on
Sep 4, 2024
Sold by
Barnwell David M and Barnwell Cynthia L
Bought by
Tarr Michael
Seller's Agent
Elisabeth Wilson
RE/MAX Dynamic Properties
Buyer's Agent
Lorrie Seward
Real Broker Alaska
List Price
$629,900
Views
15
Current Estimated Value
$526,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.64%

Purchase Details

Closed on
Oct 18, 2011
Sold by
Merit Homes Llc
Bought by
Barnwell David M and Barnwell Cynthia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,925
Interest Rate
4.05%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Tarr Michael -- None Listed On Document
Barnwell David M -- Fidelity Title Agency Of Ak
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barnwell David M $329,925
Previous Owner Merit Homes Llc $328,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2024 09/05/24 Sold -- -- --
08/10/2024 08/10/24 Pending -- -- --
08/08/2024 08/08/24 Price Changed $615,500 -2.3% $345 / Sq Ft
07/25/2024 07/25/24 For Sale $629,900 -- $353 / 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
2025 $7,154 $543,800 $118,300 $425,500
2024 $7,154 $518,100 $118,300 $399,800
2023 $7,982 $468,700 $118,300 $350,400
2022 $6,920 $460,900 $118,300 $342,600
2021 $7,844 $435,300 $118,300 $317,000
2020 $6,436 $428,900 $118,300 $310,600
2019 $6,138 $425,200 $118,300 $306,900
2018 $6,053 $419,100 $118,300 $300,800
2017 $6,388 $427,900 $118,300 $309,600
2016 $6,301 $449,900 $118,300 $331,600
2015 $6,301 $428,200 $118,300 $309,900
2014 $6,301 $421,000 $119,900 $301,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alaska Multiple Listing Service

MLS Number: 24-9357

Alaska Multiple Listing Service

APN: 01553404000