NOT LISTED FOR SALE

Estimated Value: $521,000 - $752,861

4 Beds
2.5 Baths
2,730 Sq Ft
$244/Sq Ft Est. Value

Last Sold September 27, 2017

Current estimated payment $4,294/month

14 Days on Market

Highlights

  • Newly Remodeled
  • Spa
  • Granite Countertops
  • Service High School Rated A-
  • Deck
  • Fireplace

About This Home

As of September 2017

COMPLETE & READY TO MOVE IN! ''The Newport''- 4 beds, 2.5 baths on 7,000+ sqft in The Terraces Subdivision. Tile in entry, mudroom and all baths. Laminate flooring thru-out. SS appliances in kitchen with granite countertops. Master suite complete with vaulted ceilings, jetted tub with sep shower and WIC. Don't miss out on this coveted plan from Merit Homes!

Last Agent to Sell the Property

Miche Petersen

Herrington and Company, LLC License #15262 Listed on: 06/26/2017

Herrington and Company, LLC

Last Buyer's Agent

Brian Roit

RE/MAX Dynamic Properties License #12739

RE/MAX Dynamic Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,383

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • 7,841 Sq Ft Lot
  • Property is zoned R1, Single Family Residential

Parking

  • 3 Car Attached Garage
  • Attached Carport
  • Open Parking

Home Design

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

Interior Spaces

  • 2,730 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fireplace
  • Family Room
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Spa Bath

Outdoor Features

  • Spa
  • Deck

Schools

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

Utilities

  • Forced Air Heating System

Community Details

  • Property has a Home Owners Association
  • The Terraces Association
  • Built by Merit Homes,John C Petersen

Listing and Financial Details

  • Home warranty included in the sale of the property

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,383

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.18
  • Road Surface Type: Paved
  • Directions: South on Lake Otis from O'Malley. Left on Tulin Park Drive to Morgan Loop.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: Yes
  • Property Attached Yn: No
  • Building Stories: 2
  • Structure Type: Single Family Res
  • Year Built: 2016
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Owner
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Spa Features: Bath
  • Private Spa: Yes
  • Appliances: Dishwasher, Disposal, Microwave, Range/Oven
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Flooring: Carpet, Laminate
  • Interior Amenities: Ceiling Fan(s), Family Room, Granite Counters
  • Living Area: 2730

Exterior Features

  • Lot Features: Covenant/Restriction
  • View: No
  • Waterfront Features: None, No Access
  • Waterfront: No
  • Home Warranty: Yes
  • Builder Name: Merit Homes,John C Petersen
  • Foundation Details: Block
  • Patio And Porch Features: Deck/Patio
  • Property Condition: New Construction
  • 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, No Carport
  • Total Parking Spaces: 3

Utilities

  • Laundry Features: Washer &/Or Dryer Hookup
  • Security: Smoke Detector(s)
  • Heating: Fireplace(s), Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • 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: 7840.8
  • Mobile Dim Units: Feet
  • Zoning Description: Single Family Residential
  • Zoning: R1
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

Tax Info

  • Tax Annual Amount: 6383.02
  • Tax Map Number: N/A
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2017
Closed on
Sep 22, 2017
Sold by
Merit Homes Llc
Bought by
Chong Woo Jin
Seller's Agent
Miche Petersen
Herrington and Company, LLC
Buyer's Agent
Brian Roit
RE/MAX Dynamic Properties
List Price
$549,900
Current Estimated Value
$664,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.41%
Original Mortgage
$319,900
Outstanding Balance
$267,707
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$397,247

Purchase Details

Closed on
Nov 18, 2016
Sold by
First National Bank Alaska
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
$399,000
Interest Rate
3.42%
Mortgage Type
Construction
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
Chong Woo Jin -- Atga
Merit Homes Llc -- Atga
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chong Woo Jin $319,900
Previous Owner Merit Homes Llc $399,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2017 09/27/17 Sold -- -- --
07/11/2017 07/11/17 Pending -- -- --
06/26/2017 06/26/17 For Sale $549,900 -- $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
2025 $9,388 $691,300 $114,200 $577,100
2024 $9,388 $656,500 $114,200 $542,300
2023 $9,985 $586,300 $114,200 $472,100
2022 $8,779 $571,300 $114,200 $457,100
2021 $9,763 $541,800 $114,200 $427,600
2020 $8,131 $528,600 $114,200 $414,400
2019 $7,670 $518,800 $114,200 $404,600
2018 $7,487 $506,500 $114,200 $392,300
2017 -- $407,600 $114,200 $293,400
2016 -- $114,200 $114,200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alaska Multiple Listing Service

MLS Number: 17-10513

Alaska Multiple Listing Service

APN: 01553522000