$498,000
SOLD FEB 28, 2019
Last list price
4 Beds
2.5 Baths
2,284 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$218 Per Sq Ft

19 Days on Market

Highlights

  • Property fronts an inlet
  • Spa
  • Vaulted Ceiling
  • Service High School Rated A-
  • Deck
  • Granite Countertops

About This Home

As of May 2023

Better than new construction! Enter into a beautifully finished home with tiled entry, 9' ceilings, two-story great room, inlet and mountain views, mudroom and granite throughout. This functional floor-plan features a main-floor office with 4 bedrooms and laundry on the upper-level including a master with ensuite, walk-in closet, tub and walk-in shower. Great value in the Terraces!

Last Agent to Sell the Property

Sarah Bradbury

RE/MAX Dynamic Properties License #16111 Listed on: 01/09/2019

Last Buyer's Agent

Chuck Scherbaum

Coldwell Banker Endeavor Realty License #16332

Coldwell Banker Endeavor Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,659

Year Built

  • Built in 2015

Lot Details

  • 6,970 Sq Ft Lot
  • Property fronts an inlet
  • Fenced
  • Sprinkler System
  • Property is zoned R1, Single Family Residential

Parking

  • 2 Car Attached Garage
  • Attached Carport
  • Open Parking

Home Design

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

Interior Spaces

  • 2,284 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace
  • Family Room
  • Den
  • Fire and Smoke Detector
  • Property Views

Kitchen

  • Double Oven
  • 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
  • Electricity To Lot Line

Community Details

  • Property has a Home Owners Association
  • The Terraces HOA

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,659

Year Built

Built in 2015

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • Road Surface Type: Paved
  • Directions: South on Lake Otis from O'Malley. Left on Tulin Park Drive. Right on Morgan Loop.
  • 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: 2015
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2

Interior Features

  • Spa Features: Bath
  • Private Spa: Yes
  • Appliances: Dishwasher, Disposal, Double Oven, Microwave, Range/Oven, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Flooring: Carpet, Laminate
  • Interior Amenities: Ceiling Fan(s), Den &/Or Office, Family Room, Granite Counters, Vaulted Ceiling(s)
  • Living Area: 2284
  • 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: Inlet, Mountain(s)
  • View: Yes
  • Waterfront Features: None, No Access
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Inground Sprnklr Sys
  • 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: 2
  • Garaged Spaces: 2
  • Open Parking: Yes
  • Parking Features: Garage Door Opener, Paved, Attached, Heated Garage, No Carport
  • Total Parking Spaces: 2

Utilities

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

Condo/Co-op/Association

  • Association Fee: 30
  • Association Name: The Terraces HOA
  • 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: 6969.6
  • Mobile Dim Units: Feet
  • Zoning Description: Single Family Residential
  • Zoning: R1
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

Tax Info

  • Tax Annual Amount: 7658.79
  • Tax Map Number: N/A
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2023
Closed on
Mar 31, 2023
Sold by
Lucas Christopher S and Lucas Edy
Bought by
Potter Jeremy D and Potter Katelyn
Seller's Agent
Team Dimmick
Keller Williams Realty Alaska Group
Buyer's Agent
Team Dimmick
Keller Williams Realty Alaska Group
List Price
$600,000
Current Estimated Value
$568,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.39%
Original Mortgage
$582,000
Outstanding Balance
$568,101
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$715

Purchase Details

Listed on
Jan 9, 2019
Closed on
Feb 21, 2019
Sold by
Weichert Workforce Mobility Inc
Bought by
Lucas Christopher S and Lucas Edy
Seller's Agent
Sarah Bradbury
RE/MAX Dynamic Properties
Buyer's Agent
Chuck Scherbaum
Coldwell Banker Endeavor Realty
List Price
$498,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.49%
Original Mortgage
$515,467
Interest Rate
4.4%
Mortgage Type
VA

Purchase Details

Listed on
Oct 12, 2015
Closed on
Apr 27, 2016
Sold by
Merit Homes Llc
Bought by
Leemhuis Jacob C and Leemhuis Adlena M
Seller's Agent
Miche Petersen
Herrington and Company, LLC
List Price
$514,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.10%
Original Mortgage
$489,155
Interest Rate
3.73%
Mortgage Type
New Conventional
Source: Public Records

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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
Special Warranty Deed -- None Available
Warranty Deed -- Atga
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $582,000 New Conventional
Previous Owner $522,218 VA
Previous Owner $523,454 VA
Previous Owner $515,467 VA
Previous Owner $489,155 New Conventional
Previous Owner $378,750 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2023 05/19/23 For Sale $600,000 +20.5% $263 / Sq Ft
05/12/2023 05/12/23 Sold -- -- --
03/27/2023 03/27/23 Pending -- -- --
02/28/2019 02/28/19 Sold -- -- --
01/29/2019 01/29/19 Pending -- -- --
01/09/2019 01/09/19 For Sale $498,000 -3.3% $218 / Sq Ft
04/27/2016 04/27/16 Sold -- -- --
03/14/2016 03/14/16 Pending -- -- --
10/12/2015 10/12/15 For Sale $514,900 -- $229 / 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 $9,648 $597,600 $110,500 $487,100
2023 $8,312 $536,200 $110,500 $425,700
2022 $7,943 $521,700 $110,500 $411,200
2021 $8,992 $499,000 $110,500 $388,500
2020 $7,490 $490,900 $110,500 $380,400
2019 $7,007 $478,300 $110,500 $367,800
2018 $6,839 $467,000 $110,500 $356,500
2017 $7,045 $469,900 $110,500 $359,400
2016 -- $424,000 $110,500 $313,500
2015 -- $110,500 $110,500 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alaska Multiple Listing Service

MLS Number: 19-300

Alaska Multiple Listing Service

APN: 01553464000