NOT LISTED FOR SALE
10 Beds
8 Baths
8,040 Sq Ft
0.39 Acre Lot

Sale Details

Date Sold: August 3, 2020

265 Days on Market

Highlights

  • City Lights View
  • Vaulted Ceiling
  • Carpet
  • 0.39 Acre Lot
  • Baseboard Heating

About This Home

As of August 2020

Building Upgrades 3609 Richmond Avenue Anchorage, Alaska 99508 This 7 Plex has undergone extensive and complete renovations since May 2019 including the following: 6 One Bed 1 Bath Units with 4 End Units of 550 Square Foot and 2 Center Units of 600 Square foot each.144 Cubic Feet Storage units one each for units One Laundry Room for Shared Use on 6 Units One Owners 4 Bedroom 2 1/2 Bath Unit Located on 3 Levels containing 1650 SQF per floor or a Total of 4950 Square Foot. Setting on one 16,879 square foot well Landscaped and Mature Treed R-4 Zoned Lot New Natural Gas Boiler 250,000 Btu. New Side Arm Endless on Demand Hot Water Supply System. New Outside Electrical Box Panel and Meters. New All-Weather Wood back yard Kitchen Entry Porch All New Double Thermo Pane Windows Throughout Complex. New Interiors and Exterior Doors Throughout Complex. New Sliding Glass Door off Master Bedroom Owners Unit Balcony New Floor Covering including Vinyl and Carpet throughout complex New Cabinets and Counter Tops and all new Closet Shelves All New Bathrooms with New Toilets. Sinks, Showers, Mirrors, Cabinets, Flooring & Paint. New GFI and Digital Thermostats throughout New Hot water Baseboard heat registers in Total Complex New Gas Stoves & Stainless-Steel Refrigerators Throughout New Paint Exterior and Interior. This represents a renovation investment of approximately $350,000 Total Package is Listed at $849,000 with possible owner finance OAC and a delayed closing until May 2020 Owner will accept $4300.00 per month on a Lease purchase based on NNN Lease at 6% interest over 30 Years amortize note

Last Agent to Sell the Property

Stewart Smith

SSS Commercial Real Estate License #6724 Listed on: 10/25/2019

Last Buyer's Agent

Mark Ha

Real Estate Brokers of Alaska License #17221

Real Estate Brokers of Alaska
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,000

Year Built

  • Built in 1972

Lot Details

  • 0.39

Home Design

  • Asphalt Roof
  • Block Exterior
  • Concrete Block And Stucco Construction

Interior Spaces

  • 8,040 Sq Ft Home
  • Vaulted Ceiling
  • Carpet
  • City Lights Views
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Full Bathrooms

Parking

  • 10 Parking Spaces
  • Paved Parking
  • Open Parking

Schools

  • William Tyson Elementary School
  • Clark Middle School
  • Bettye Davis East Anchorage High School

Additional Features

  • 16,988 Sq Ft Lot
  • Baseboard Heating

Community Details

Overview

  • 7 Units
  • Built by ACMLLC

Building Details

  • Operating Expense $40,000
  • Gross Income $122,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,000

Year Built

Built in 1972

Lot Details

0.39 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.39
  • Road Frontage Type: Dedicated Road
  • Directions: Behind Carwash Mountain View Commercial Drive Nice Area
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Multi Family
  • Year Built: 1972
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Full Bathrooms: 8
  • Total Bedrooms: 10
  • Flooring: Carpet, See Remarks
  • Interior Amenities: Storage, Vaulted Ceiling(s)
  • Living Area: 8040

Exterior Features

  • Topography: Level
  • View: City Lights, Mountain(s)
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Builder Name: ACMLLC
  • Construction Type: Stucco, Block, Concrete
  • Foundation Details: Concrete Perimeter
  • Property Condition: Existing Structure
  • Roof: Asphalt

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Paved, RV Access/Parking
  • Total Parking Spaces: 10

Utilities

  • Laundry Features: Common Area, Washer/Dryer HkUp
  • Security: Smoke Detector(s)
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: William Tyson
  • High School: Bettye Davis East Anchorage
  • Middle Or Junior School: Clark

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 16988.4
  • Mobile Dim Units: Feet
  • Zoning Description: Multiple Family Residential
  • Zoning: R4
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 7
  • Annual Gross Income: 122500
  • Annual Operating Expense: 40000

Tax Info

  • Tax Annual Amount: 8000
  • Tax Map Number: N/A
  • Tax Year: 2019

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,348
Interest Rate
4.07%

Purchase Details

Closed on
Sep 7, 2018
Sold by
Bought by

Purchase Details

Closed on
Nov 29, 2012
Sold by
Bought by

Purchase Details

Closed on
Feb 28, 2008
Sold by
Bought by

Purchase Details

Closed on
Jan 10, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,200
Interest Rate
5.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 2, 2004
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
$421,104 None Available
-- None Available
-- First American Title Ins Co
-- --
-- Alyeska Title Guaranty Agenc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $607,000
Closed $607,080
Closed $165,348
Previous Owner $383,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/03/2020 08/03/20 Sold -- -- --
07/17/2020 07/17/20 Pending -- -- --
10/25/2019 10/25/19 For Sale $849 -- $0 / Sq Ft
Source: Alaska Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,374 $720,300 $71,000 $649,300
2024 $10,294 $637,600 $71,000 $566,600
2023 $10,417 $611,700 $71,000 $540,700
2022 $8,622 $512,000 $71,000 $441,000
2021 $9,133 $506,800 $71,000 $435,800
2020 $9,277 $545,700 $81,300 $464,400
2019 $9,091 $555,700 $81,300 $474,400
2018 $9,031 $550,700 $81,300 $469,400
2017 $8,657 $552,800 $81,300 $471,500
2016 $7,232 $566,000 $81,300 $484,700
2015 $7,232 $539,000 $81,300 $457,700
2014 $7,232 $510,600 $81,300 $429,300
Source: Public Records

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Map

Source: Alaska Multiple Listing Service

MLS Number: 19-17696

Alaska Multiple Listing Service
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