Seller's Agent in 2017
Stewart Smith
SSS Commercial Real Estate
(907) 727-8686
2 in this area
50 Total Sales
3901 W 86th Ave Anchorage, AK 99502
Sand Lake Neighborhood
22
Beds
20
Baths
7,538
Sq Ft
0.28
Acres
Highlights
- City Lights View
- 8 Car Attached Garage
- Washer and Dryer
- Dimond High School Rated A-
- Handicap Accessible
- Radiant Heating System
About This Home
As of August 2017This property is in an outstanding investment opportunity. The apartment complex is an 8-Plex and was built in 2006. Holy cow, 2006 is like brand new in Anchorage for any building. It was purchased in 2011 to house the Alaska Aces players and now the Aces are gone and it's a splendid opening for a savvy investor to step up and reap the rewards. The three-story building has; Two 2br/1bath and Swo 2br/1bath and Six 3br/2bath units. Complex has, an elevator, is handicapped accessible, each unit has Gas Detectors and the complex was built to a 5-Star energy rating. And, an added bonus, all the units are fully furnished. Beds, linens, dining table and chairs, sofa, washer & dryer, TV and all the extras like; towels/dishes/utensils and on and on. There is covered/garage-type parking along with plenty of exterior parking. The complex is ideally located off 86th and Jewel Lake close to: bus stop, shopping, Kincaid Park, schools and all this comes with Mountain views.
Includes a 8x40 Connex Storage Unit on West end of Garage Completely Packed with all new Linens Towel Bikes , and Summer sheets and bedding used by Alaska Aces Painted to match building and professionally installed access doors very nice !
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $15,155
Year Built
- Built in 2006
Lot Details
- 0.28
Parking
- 8 Car Attached Garage
- Tuck Under Parking
- Open Parking
Home Design
- Wood Frame Construction
- Shingle Roof
- Composition Roof
- Asphalt Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 7,538 Sq Ft Home
- City Lights Views
- Washer and Dryer
Bedrooms and Bathrooms
- 22 Bedrooms
Schools
- Sand Lake Elementary School
- Mears Middle School
- Dimond High School
Additional Features
- Handicap Accessible
- 0.28 Acre Lot
- Radiant Heating System
Community Details
Overview
- 8 Units
Building Details
- Operating Expense $53,962
- Gross Income $160,900
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 28, 2024
Sold by
86Th Avenue Associates Llc
Bought by
West 86Th Avenue Real Estate Llc
Total Days on Market
20
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$890,000
Outstanding Balance
$884,566
Interest Rate
6.77%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 15, 2011
Sold by
T & T Enterprises Inc
Bought by
86Th Avenue Associates Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
4.37%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 1, 2009
Sold by
Thacker Laverne M
Bought by
T & T Enterprises Inc
Purchase Details
Closed on
May 15, 2008
Sold by
Brannon Paul G
Bought by
Thacker Laverne M
Purchase Details
Closed on
May 18, 2005
Sold by
Barron Waltraud G
Bought by
Brannon Paul G
Purchase Details
Closed on
Sep 28, 2004
Sold by
Olive Jack
Bought by
Barron Waltraud G
Purchase Details
Closed on
Sep 4, 2003
Sold by
Rogers Jushin S and Yan Jushin S
Bought by
Olive Jack
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| West 86Th Avenue Real Estate Llc | -- | None Listed On Document | |
| 86Th Avenue Associates Llc | -- | Fidelity Title Agency Of Ak | |
| T & T Enterprises Inc | -- | Fidelity Title Agency Of Ala | |
| Thacker Laverne M | -- | None Available | |
| Brannon Paul G | -- | Alyeska Title Guaranty Agenc | |
| Barron Waltraud G | -- | Alyeska Title Guaranty Agenc | |
| Olive Jack | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | West 86Th Avenue Real Estate L | $890,000 | |
| Closed | West 86Th Avenue Real Estate Llc | $862,967 | |
| Closed | West 86Th Avenue Real Estate Llc | $1,232,811 | |
| Previous Owner | 86Th Ave Associates Llc | $1,350,000 | |
| Previous Owner | 86Th Avenue Associates Llc | $800,000 | |
| Previous Owner | T & T Enterprises Inc | $602,500 | |
| Previous Owner | Thacker Laverne M | $600,000 | |
| Previous Owner | Brannon Paul G | $633,750 | |
| Previous Owner | Brannon Paul G | $500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/02/2017 08/02/17 | Sold | -- | -- | -- |
| 06/06/2017 06/06/17 | Pending | -- | -- | -- |
| 05/16/2017 05/16/17 | For Sale | $1,500,000 | -- | $199 / Sq Ft |
Source: Alaska Multiple Listing Service
Tax History Compared to Growth
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 | $14,740 | $913,000 | $140,500 | $772,500 |
| 2023 | $15,092 | $886,200 | $140,500 | $745,700 |
| 2022 | $15,016 | $891,700 | $140,500 | $751,200 |
| 2021 | $15,706 | $871,600 | $140,500 | $731,100 |
| 2020 | $14,979 | $881,100 | $140,500 | $740,600 |
| 2019 | $14,825 | $906,200 | $140,500 | $765,700 |
| 2018 | $16,208 | $988,300 | $134,800 | $853,500 |
| 2017 | $15,676 | $1,001,000 | $134,800 | $866,200 |
| 2016 | $14,198 | $1,017,800 | $130,700 | $887,100 |
| 2015 | $14,198 | $990,400 | $130,700 | $859,700 |
| 2014 | $14,198 | $946,800 | $130,300 | $816,500 |
Source: Public Records
Agents Affiliated with this Home
-
Stewart Smith
-
Jim Patton
Seller Co-Listing Agent in 2017
Jim Patton
SSS Commercial Real Estate
(907) 865-6500
-
Ayla Rogers
Buyer's Agent in 2017
Ayla Rogers
Buyers Real Estate, LLC
(907) 223-9748
Map
Source: Alaska Multiple Listing Service
MLS Number: 17-7478
APN: 01115120000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than Ten-X are marked with either the listing brokerage’s logo or the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Copyright 2025 Alaska Multiple Listing Service, Inc. All rights reserved.
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