NOT LISTED FOR SALE

385 Lee Dr Homer, AK 99603

Estimated Value: $370,000 - $2,041,000

3 Beds
2 Baths
1,944 Sq Ft
$439/Sq Ft Est. Value

Last Sold January 21, 2025

Current estimated payment $4,688/month

67 Days on Market

Highlights

  • Washer and Dryer
  • Gentle Sloping Lot
  • 5-minute walk to Kachemak Bay State Park
  • Homer Middle School Rated A-
  • Heating Available

About This Home

As of January 2025

This duplex in downtown Homer, AK is a fantastic investment opportunity! The combination of its tucked-away location on a dead-end street, along with the .38-acre lot and 960 sq. ft. shop, adds significant value. The layout,1 bedroom and 1 bath in the top unit with a peekaboo view of Kachemak Bay, and 2 bedrooms and 1 bath in the lower unit, both equipped with laundry rooms, offers greatflexibility for either living in one unit and renting the other or renting both for additional income while keeping the shop for personal or business use. The south-facing deck on the upper unit sounds lovely for catching glimpses of the bay!
To make this duplex is even more appealing are the additional updates and features. Being hooked up to natural gas is a huge plus, offering energy efficiency and lower heating costs. The new roof, gutters, fresh exterior paint, and skirting and ample parking. Large yard space which is great for tenants or an owner-occupant who enjoys outdoor space, making it an even more attractive rental or personal property. This is definitely a turnkey investment opportunity!

Last Agent to Sell the Property

Amanda Miotke

Story Real Estate License #18439 Listed on: 09/30/2024

Last Buyer's Agent

Amanda Miotke

Story Real Estate License #18439 Listed on: 09/30/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 0.38 Acre Lot
  • Gentle Sloping Lot

Parking

  • 4 Parking Spaces

Home Design

  • 1,944 Sq Ft Home
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Block Exterior

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Paul Banks/Homer Elementary School
  • Homer Middle School
  • Homer High School

Additional Features

  • Washer and Dryer
  • Heating Available

Community Details

  • 2 Buildings
  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0.38 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.38
  • Road Frontage Type: Government
  • Road Surface Type: Gravel
  • Directions: From downtown Homer on Pioneer turn up Kachemak Dr. Left on Lee Dr. Third property on the left.
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Up and Down
  • Year Built: 1990
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Appliances: Washer/Dryer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Luxury Vinyl
  • Living Area: 1944

Exterior Features

  • Lot Features: City Lot
  • Topography: Gently Rolling
  • View: No
  • Waterfront Features: Bay Access, None
  • Waterfront: No
  • Construction Type: Metal, Wood Siding, Block, Frame
  • Foundation Details: Block, Concrete Perimeter
  • Property Condition: Existing Structure
  • Roof: Asphalt, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Carport, Other
  • Total Parking Spaces: 4

Utilities

  • Laundry Features: Washer/Dryer HkUp
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Water Delivered

Schools

  • Elementary School: Paul Banks/Homer
  • High School: Homer
  • Middle Or Junior School: Homer

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 16552.8
  • Mobile Dim Units: Feet
  • Zoning Description: Urban Residential
  • Zoning: UR
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Map Number: N/A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2024
Closed on
Jan 17, 2025
Sold by
Callahan Ashton G
Bought by
Switzer Ashley Nicole
Seller's Agent
Amanda Miotke
Story Real Estate
Buyer's Agent
Amanda Miotke
Story Real Estate
List Price
$420,000
Views
7
Current Estimated Value
$853,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
121.19%
Original Mortgage
$272,600
Outstanding Balance
$269,914
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$583,556

Purchase Details

Closed on
Mar 23, 2023
Sold by
Callahan Leeta A
Bought by
Callahan Ashton G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Switzer Ashley Nicole -- None Listed On Document
Callahan Ashton G -- First American Title
Callahan Ashton G -- Accommodation/Courtesy Recordi
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Switzer Ashley Nicole $272,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2025 01/21/25 Sold -- -- --
12/06/2024 12/06/24 Pending -- -- --
12/06/2024 12/06/24 Price Changed $350,000 -16.7% $180 / Sq Ft
12/06/2024 12/06/24 For Sale $420,000 0.0% $216 / Sq Ft
11/24/2024 11/24/24 Pending -- -- --
10/31/2024 10/31/24 Price Changed $420,000 -6.7% $216 / Sq Ft
09/30/2024 09/30/24 For Sale $450,000 -- $231 / Sq Ft
Source: Alaska Multiple Listing Service

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 $3,496 $362,900 $58,700 $304,200
2024 $3,496 $340,700 $55,600 $285,100
2023 $1,147 $285,600 $49,200 $236,400
2022 $1,098 $271,700 $41,200 $230,500
2021 $999 $263,300 $40,000 $223,300
2020 $1,070 $263,600 $39,700 $223,900
2019 $1,026 $255,500 $39,700 $215,800
2018 $999 $250,400 $38,800 $211,600
2017 $940 $242,600 $38,000 $204,600
2016 $341 $245,700 $50,900 $194,800
2015 $214 $220,100 $50,900 $169,200
2014 $214 $221,300 $50,900 $170,400
Source: Public Records

Agents Affiliated with this Home

  • Amanda Miotke

    Seller's Agent in 2025

    Amanda Miotke

    Story Real Estate

    (907) 299-3063

    63 in this area

    108 Total Sales

    Amanda Miotke
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Map

Source: Alaska Multiple Listing Service

MLS Number: 24-12775

Alaska Multiple Listing Service

APN: 177-201-23

Alaska Kenai Peninsula Borough Homer 99603

385 Lee Dr, Homer, AK

Not Listed for Sale

MultiFamily

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