NOT LISTED FOR SALE

408 Lake St Sitka, AK 99835

Estimated Value: $424,744 - $646,000

7 Beds
3 Baths
3,026 Sq Ft
$177/Sq Ft Est. Value

Last Sold May 24, 2022

Current estimated payment $3,517/month

99 Days on Market

Highlights

  • Lake View
  • Mud Room
  • Baseboard Heating
  • Blatchley Middle School Rated A-
  • Shed
  • Washer and Dryer

About This Home

As of May 2022

Location-Location-Location!This income-producing Triplex is close to it all. Situated across from Swan Lake and close to schools, shopping, and downtown central business district. This property is in need of work so come ready to roll up your shirtsleeves and put on your remodel hat and turn your labor efforts into equity!
Pre-qualified Buyers only, please allow 24 hours notice to show due to tenants.
All offers will be presented.

Last Listed By

Suzanne Jasso

Beloved Alaska Realty License #19003 Listed on: 11/30/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,064

Year Built

  • Built in 1978

Lot Details

  • 4,356 Sq Ft Lot
  • Suitable for Bed and Breakfast

Home Design

  • Property Attached
  • Fixer Upper
  • Pillar, Post or Pier Foundation
  • Metal Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,026 Sq Ft Home
  • Mud Room
  • Lake Views
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Laminate Countertops

Flooring

  • Carpet
  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Shed

Schools

  • Baranof/Keet Gooshi Heen Elementary School
  • Blatchley Middle School
  • Sitka High School

Utilities

  • Baseboard Heating
  • Electricity To Lot Line

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,064

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1
  • Road Surface Type: Paved
  • Water Body Name: Swan Lake
  • Directions: Across from Swan Lake next to Senior Center
  • Architectural Style: Other - See Remarks
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: B & B Potential
  • Year Built: 1978
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Appliances: Range/Oven, Refrigerator, Washer &/Or Dryer
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Flooring: Carpet, Laminate, Linoleum
  • Interior Amenities: Arctic Entry, BR/BA on Main Level, Laminate Counters, Storage, Sun Room
  • Living Area: 3026

Exterior Features

  • Lot Features: Fire Service Area, City Lot, Views
  • Topography: Level
  • View: Lake
  • View: Yes
  • Waterfront Features: None, Lake Privileges
  • Waterfront: No
  • Disclosures: Prop Discl Available
  • Home Warranty: No
  • Builder Name: unknown
  • Construction Type: Concrete, Frame, Wood Siding
  • Foundation Details: Pillar/Post/Pier, Concrete Perimeter
  • Other Structures: Shed(s)
  • Property Condition: Existing Structure, Fixer
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, No Carport

Utilities

  • Laundry Features: Washer &/Or Dryer Hookup
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Utilities: Electric
  • Water Source: Public

Schools

  • Elementary School: Baranof/Keet Gooshi Heen
  • High School: Sitka
  • Middle Or Junior School: Blatchley

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 4356
  • Mobile Dim Units: Feet
  • Zoning Description: Multi-Family
  • Zoning: R2
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

Tax Info

  • Tax Annual Amount: 2064
  • Tax Map Number: N/A
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2021
Closed on
May 12, 2022
Sold by
David Graham
Bought by
Wilkinson Patrick and Wilkinson Kristen
Seller's Agent
Suzanne Jasso
Beloved Alaska Realty
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$449,000
Sold Price
$370,000
Premium/Discount to List
-$79,000
-17.59%
Total Days on Market
99
Current Estimated Value
$535,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,372
Avg. Annual Appreciation
6.45%
Original Mortgage
$300,000
Outstanding Balance
$153,824
Interest Rate
4.72%
Mortgage Type
Seller Take Back
Estimated Equity
$292,527

Range of Values:

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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

Mortgage History

Date Status Borrower Loan Amount
Closed Graham David A $60,000
Closed Graham David A $141,047
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2022 05/24/22 Sold -- -- --
03/11/2022 03/11/22 Pending -- -- --
12/01/2021 12/01/21 For Sale $449,000 -- $148 / 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
2023 -- $344,000 $95,000 $249,000
2022 -- $344,000 $95,000 $249,000
2021 -- $344,000 $95,000 $249,000
2020 -- -- $95,000 $249,000
2019 -- -- $95,000 $249,000
2018 -- -- $95,000 $249,000
2017 -- -- $95,000 $249,000
2016 -- -- $95,000 $249,000
2015 -- -- $95,000 $249,000
2014 -- -- $90,000 $224,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alaska Multiple Listing Service

MLS Number: 21-17564

Alaska Multiple Listing Service

APN: 1-2650-000-000-0000