NOT LISTED FOR SALE

Estimated Value: $332,000 - $422,743

4 Beds
3 Baths
1,940 Sq Ft
$195/Sq Ft Est. Value

Last Sold September 15, 2020

Current estimated payment $2,451/month

57 Days on Market

Highlights

  • Fireplace
  • Shed
  • Forced Air Heating System
  • West High School Rated A
  • Fire Pit
  • 4-minute walk to Woodland Park

About This Home

As of September 2020

1950's Triple forsale in the Woodland Park neighborhood of Spenard and west Anchorage: Quiet and secluded location with unique rental property accessed from Willow Street and Kirby Place. The residence on Willow Street is the original cabin for the property.It is a 700 sq ft, 2 bedroom/1 bath home which has beenremodeled inside. New kitchen and bath, paint, flooring, washer and dryer onsite.HasallthebestSpenardfeaturesincluding
slightlyslopingfloors,smalladditions,great"SpanishGarden"onthesouthside,
charmandcharacter!
TheKirbyPlacebuildingisasidebysideduplexwitheachunitbeinga625sqft,1
bedroom/1bathresidence.Bothunitsareremodeledandeachunithasawasher
anddryer.Newinsulationwasinstalledintheroofduringthefallof2019foran
energyefficiencyupgrade.
Allunitsfeatureoffstreetparking,sharedfencedincourtyardbetweenthe
buildings,lockablebike/storagelockers,andlong-termtenants.Thisisanicely
performinginvestmentproperty.Amazingopportunityforanowner-occupier!Live
intheSFRcottageandstillrent2unitsinthedetachedduplex.It'slikebuying2
separatepropertiesforthepriceofone!Trulyliverent/mortgagefree!
Rents:
3500KirbyA=$960/month +G&E
3500KirbyB=$1050/month +E
3501WillowStreet=$1350/month +G&E
CurrentGrossrents:$3360
TypicalLandlordExpenses:
-336 vacancy/capitalimprovements/repairs(10%ofgrossrents)
-100 waterandsewer
-175 Internet
-33 garbage
-75 3500Bgas(possibletorenegotiatewithaleaseamendment)
=-$719/monthexpenses
Costtocloseestimatesenclosed.

Last Agent to Sell the Property

Rick Davids

Sun Properties, LLC License #13871 Listed on: 06/04/2020

Last Buyer's Agent

Jeff Davis

Real Estate Brokers of Alaska License #16915

Real Estate Brokers of Alaska

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,188

Year Built

  • Built in 1959

Lot Details

  • 6,534

Parking

  • 4 Parking Spaces

Home Design

  • Triplex

Interior Spaces

  • 1,940 Sq Ft Home
  • Fireplace
  • Washer and Dryer

Flooring

  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Fire Pit
  • Shed

Schools

  • Northwood Elementary School
  • Romig Middle School
  • West Anchorage High School

Additional Features

  • 6,534 Sq Ft Lot
  • Forced Air Heating System

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Fuel Expense $900
  • Maintenance Expense $3,632
  • Manager Expense $396
  • Other Expense $2,100
  • Water Sewer Expense $1,200
  • New Taxes Expense $5,172
  • Operating Expense $13,800
  • Gross Income $41,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,188

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Directions: Head towards the airport on Spenard Rd., R on Woodland Park, L on w 36th, R on Willow St. to 3501 Willow, 3500 Kirby Pl. is one block to the east
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Triplex
  • Year Built: 1959
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Appliances: Washer/Dryer
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Fire Pit
  • Fireplace: Yes
  • Flooring: Laminate, Linoleum
  • Interior Amenities: Storage
  • Living Area: 1940

Exterior Features

  • Lot Features: City Lot
  • Topography: Level
  • View: No
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Wood Siding, Frame
  • Other Structures: Shed(s)
  • Property Condition: Existing Structure

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage
  • Total Parking Spaces: 4

Utilities

  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Annual Fuel Expense: 900
  • Annual Water Sewer Expense: 1200

Schools

  • Elementary School: Northwood
  • High School: West Anchorage
  • Middle Or Junior School: Romig

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 6534
  • Mobile Dim Units: Feet
  • Zoning Description: Single Family Residential
  • Zoning: R1
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 41400
  • Maintenance Expense: 3632
  • Resident Manager Expense: 396
  • Annual Operating Expense: 13800
  • Income And Expenses Vacancy Allowance: 400

Tax Info

  • New Taxes Expense: 5172
  • Tax Map Number: N/A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2020
Closed on
Sep 4, 2020
Sold by
Harry & Courtney Brod Family Trust
Bought by
Spangler Allao R and Schwinghammer Nina D
Seller's Agent
Rick Davids
Sun Properties, LLC
Buyer's Agent
Jeff Davis
Real Estate Brokers of Alaska
List Price
$320,000
Sold Price
$302,000
Premium/Discount to List
-$18,000
-5.62%
Current Estimated Value
$377,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,372
Avg. Annual Appreciation
2.39%
Original Mortgage
$241,600
Outstanding Balance
$219,689
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$118,311

Purchase Details

Closed on
Sep 3, 2004
Sold by
Kim Francoise
Bought by
Wills Timothy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
5.37%
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
Spangler Allao R -- Fidelity Ttl Agcy Of Ak Llc
Wills Timothy S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spangler Allao R $241,600
Previous Owner Wills Timothy S $162,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2020 09/15/20 Sold -- -- --
08/02/2020 08/02/20 Pending -- -- --
06/05/2020 06/05/20 For Sale $320,000 -- $165 / 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 $4,188 $259,400 $86,900 $172,500
2023 $4,155 $244,000 $86,900 $157,100
2022 $4,072 $241,800 $86,900 $154,900
2021 $4,182 $232,100 $86,900 $145,200
2020 $3,903 $229,600 $86,900 $142,700
2019 $3,678 $224,800 $86,900 $137,900
2018 $3,631 $221,400 $86,900 $134,500
2017 $3,572 $228,100 $86,900 $141,200
2016 $3,864 $220,500 $84,500 $136,000
2015 $3,864 $272,200 $84,500 $187,700
2014 $3,864 $272,800 $84,500 $188,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alaska Multiple Listing Service

MLS Number: 20-8036

Alaska Multiple Listing Service

APN: 01009225000