NOT LISTED FOR SALE

Estimated Value: $162,000 - $978,783

5 Beds
4.5 Baths
4,328 Sq Ft
$168/Sq Ft Est. Value

Last Sold September 29, 2017

Current estimated payment $5,087/month

26 Days on Market

Highlights

  • Heated Spa
  • Unobstructed Views
  • Deck
  • Rogers Park Elementary School Rated A
  • Waterfront
  • Vaulted Ceiling

About This Home

As of September 2017

This large family home w/ traditional floor plan offers the rare opportunity to live on the shores of Otis Lake. 5 spacious bedrooms all upstairs include a master suite with study, a guest bdrm w/ensuite bath & all feature upgraded windows. A paneled 6th bdrm/den in the walk-out bsmt is perfect for a guest, library or Man Cave! The vaulted family room enjoys views of Otis Lake & the Chugach Range.The U-shaped kitchen features ceramic tiled floors, slab granite counter tops, double ovens plus a microwave and a stunning view of Otis Lake and the Chugach Range. There are lots of areas for family activities with a hobby room with built-in sink and storage cabinets, a large rec room with more built-in storage and a bonus room with even more built-ins. This sprawling home features 3 fireplaces, a large matching shed, a covered hot tub, wonderful views and serene lakefront living.

Last Agent to Sell the Property

Bethany Weiser

RE/MAX Dynamic Properties License #500052 Listed on: 08/10/2017

RE/MAX Dynamic Properties

Last Buyer's Agent

Robert Baer

RE/MAX Dynamic Properties License #2667

RE/MAX Dynamic Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,972

Year Built

  • Built in 1970

Lot Details

  • 0.29 Acre Lot
  • Waterfront
  • Fenced
  • Private Yard
  • Property is zoned R1, Single Family Residential

Parking

  • 2 Car Attached Garage
  • Attached Carport
  • Open Parking

Property Views

  • Lake Views
  • Unobstructed Views

Home Design

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

Interior Spaces

  • 4,328 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace
  • Family Room
  • Den
  • Finished Basement

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Spa Bath

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Heated Spa
  • Deck
  • Shed

Schools

  • Rogers Park Elementary School
  • Wendler Middle School
  • Bettye Davis East Anchorage High School

Utilities

  • Baseboard Heating
  • Electricity To Lot Line

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,972

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.29
  • Road Surface Type: Paved
  • Water Body Name: Otis Lake
  • Co List Office Mls Id: 85
  • Co List Office Phone: 907-865-4700
  • Directions: East on Northern Lights from Seward Hwy, R. on Princeton, home on the left in front of lake.
  • 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: 1970
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Spa Features: Bath, Heated
  • Private Spa: Yes
  • Appliances: Dishwasher, Disposal, Double Oven, Microwave, Range/Oven
  • Has Basement: Finished
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood
  • Interior Amenities: Basement, Ceiling Fan(s), Central Vacuum, Den &/Or Office, Family Room, Vaulted Ceiling(s)
  • Living Area: 4328
  • Window Features: Window Coverings

Exterior Features

  • Fencing: Fenced
  • Lot Features: Covenant/Restriction, Fire Service Area, City Lot, Landscaped, Parkside, Road Service Area, Views
  • Topography: Level,Sloping
  • View: Lake, Mountain(s), Unobstructed
  • View: Yes
  • Waterfront Features: Waterfront, Waterfront Access, Lake Front, Lake Privileges
  • Waterfront: Yes
  • Disclosures: Prop Discl Available
  • Home Warranty: No
  • Construction Type: Frame, Masonry, Wood Siding
  • Exterior Features: Private Yard
  • Foundation Details: Block
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck/Patio
  • Property Condition: Existing Structure
  • Roof: Asphalt, Composition, Shingle

Garage/Parking

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

Utilities

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

Schools

  • Elementary School: Rogers Park
  • High School: Bettye Davis East Anchorage
  • Middle Or Junior School: Wendler

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 12632.4
  • Mobile Dim Units: Feet
  • Zoning Description: Single Family Residential
  • Zoning: R1
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

Tax Info

  • Tax Annual Amount: 11972
  • Tax Map Number: N/A
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2020
Sold by
Shulman Mark
Bought by
Shulman Mark Steven
Total Days on Market
26
Current Estimated Value
$725,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$539,753
Interest Rate
3.3%
Mortgage Type
VA
Estimated Equity
$187,631

Purchase Details

Listed on
Aug 10, 2017
Closed on
Sep 25, 2017
Sold by
Brookfield Global Relocation Services Ll
Bought by
Shulman Mark
Seller's Agent
Bethany Weiser
RE/MAX Dynamic Properties
Buyer's Agent
Robert Baer
RE/MAX Dynamic Properties
List Price
$685,000
Sold Price
$575,000
Premium/Discount to List
-$110,000
-16.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.08%
Original Mortgage
$546,250
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2008
Sold by
Gilson George J and Gilson Grace M
Bought by
Brown David W and Brown Karen B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 6, 2005
Sold by
Peoples Bank & Trust
Bought by
Dittrich J Paul

Purchase Details

Closed on
Jun 15, 2004
Sold by
John Paul Dittrich Restated Declaration
Bought by
Gilson George J and Gilson Grace M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage
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
Shulman Mark Steven -- None Available
Shulman Mark -- First American Title Ins Co
Brown David W -- None Available
Dittrich J Paul -- --
Gilson George J -- Stewart Title Of Alaska
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shulman Mark Steven $20,000
Open Shulman Mark Steven $600,000
Closed Shulman Mark $23,999
Closed Shulman Mark $546,250
Previous Owner Brown David W $463,588
Previous Owner Brown David W $480,000
Previous Owner Gilson George J $440,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2017 09/29/17 Sold -- -- --
09/06/2017 09/06/17 Pending -- -- --
08/10/2017 08/10/17 For Sale $685,000 -- $158 / 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 $12,742 $864,200 $273,700 $590,500
2023 $13,387 $786,100 $273,700 $512,400
2022 $12,231 $776,300 $273,700 $502,600
2021 $13,077 $725,700 $273,700 $452,000
2020 $10,940 $693,800 $273,700 $420,100
2019 $9,834 $651,100 $304,100 $347,000
2018 $9,840 $650,000 $304,100 $345,900
2017 $11,972 $764,500 $304,100 $460,400
2016 $9,940 $751,300 $313,700 $437,600
2015 $9,940 $678,400 $268,900 $409,500
2014 $9,940 $652,500 $259,900 $392,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alaska Multiple Listing Service

MLS Number: 17-13818

Alaska Multiple Listing Service

APN: 00321618000