$320,000
- 4 Beds
- 4 Baths
- 1,756 Sq Ft
- 241 N Flower St
- Anchorage, AK
Updated 4 plex under $350k! Corner lot.Great rental history. Only one unit to be shown prior to being under contract.
Hilary Lockhart Real Broker LLC - Guaranteed
5005 Chess Dr Anchorage, AK 99508
University Area NeighborhoodEstimated Value: $155,000 - $475,870
6
Beds
5
Baths
2,492
Sq Ft
$141/Sq Ft
Est. Value
Highlights
- Shed
- Washer and Dryer
- 3-minute walk to Castle Heights Park
- Baseboard Heating
About This Home
As of October 2015Townhouse style duplex in University Medical District (Castle Heights) off Tudor. Quiet neighborhood with a mix of duplex and single family homes. Great owner occupied property or solid investment with gross rents of $3500 per month. Large 3 bedroom 1.5 bath units. The larger unit is 1300 SF with an arctic entry and a green house off the master bedroom. The smaller 1200 SF unit remodeled last fall. Other amenities include:
- private back yard
- fireplaces both units
- mature trees and shrubs
- small exterior storage for each unit
- large detached storage shed
- large 2 car carport
- newer roof with ice and water shield under entire roof
- new indirect hot water heater (cost $5000)
- still eligible for the energy rebate
- master bedroom has access to a green house on roof of carport (great place to sip your morning coffee)
- gross rents $3500 per month, very little vacancy since purchase in 2002
- larger unit vacant for easy viewing (left side vacant)
Appraisal dated January 2015 values duplex at $354,000. Since that time a new hot water heater and tub surround have been installed. The vacant unit needs flooring and paint. Not doing the work so that it can be done the way the new owner wants it and you can build sweat equity right away.
Asking only $362,000 with a $3,000 flooring/repair allowance. Will show to prospective buyers who have a 90% letter from a financial institution and proof of funds needed for the down payment.
Last Agent to Sell the Property
Sun Properties, LLC License #13871 Listed on: 06/19/2015
Last Buyer's Agent
Vickie Hudson
Keller Williams Realty Alaska Group of Wasilla
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,665
Year Built
- Built in 1973
Lot Details
- 9,148
Home Design
- 2,492 Sq Ft Home
- Duplex
- Block Foundation
- Wood Frame Construction
- Shingle Roof
- Composition Roof
- Asphalt Roof
Bedrooms and Bathrooms
- 6 Bedrooms
Parking
- 4 Parking Spaces
- 2 Carport Spaces
- Paved Parking
- Open Parking
Schools
- College Gate Elementary School
- Wendler Middle School
- Bettye Davis East Anchorage High School
Additional Features
- Washer and Dryer
- Shed
- 9,148 Sq Ft Lot
- Baseboard Heating
Community Details
- 2 Units
- Gross Income $42,000
Listing and Financial Details
- Total Actual Rent $3,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 19, 2015
Closed on
Sep 19, 2015
Sold by
Cox Brian C
Bought by
Krause Shannan M
Seller's Agent
Rick Davids
Sun Properties, LLC
Buyer's Agent
Vickie Hudson
Keller Williams Realty Alaska Group of Wasilla
List Price
$362,000
Sold Price
$348,040
Premium/Discount to List
-$13,960
-3.86%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,250
Avg. Annual Appreciation
0.66%
Original Mortgage
$341,735
Interest Rate
3.75%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 15, 2002
Sold by
Britt John J
Bought by
Cox Brian C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,841
Interest Rate
6.87%
Mortgage Type
FHA
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Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Krause Shannan M | -- | Fidelity Title Agency Ak Llc | |
| Cox Brian C | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Krause Shannan M | $300,000 | |
| Closed | Krause Shannan M | $341,735 | |
| Previous Owner | Cox Brian C | $293,250 | |
| Previous Owner | Cox Brian C | $232,841 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/12/2015 10/12/15 | Sold | -- | -- | -- |
| 08/01/2015 08/01/15 | Pending | -- | -- | -- |
| 06/19/2015 06/19/15 | For Sale | $362,000 | -- | $145 / 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 | $5,665 | $425,900 | $110,700 | $315,200 |
| 2023 | $6,812 | $400,000 | $110,700 | $289,300 |
| 2022 | $5,404 | $370,900 | $110,700 | $260,200 |
| 2021 | $6,168 | $342,300 | $110,700 | $231,600 |
| 2020 | $4,922 | $339,800 | $110,700 | $229,100 |
| 2019 | $4,782 | $342,300 | $110,700 | $231,600 |
| 2018 | $4,856 | $346,100 | $112,200 | $233,900 |
| 2017 | $5,553 | $354,600 | $106,400 | $248,200 |
| 2016 | $4,212 | $356,300 | $106,400 | $249,900 |
| 2015 | $4,212 | $342,500 | $97,000 | $245,500 |
| 2014 | $4,212 | $324,500 | $90,900 | $233,600 |
Source: Public Records
Agents Affiliated with this Home
-
Rick Davids
Seller's Agent in 2015
Rick Davids
Sun Properties, LLC
(907) 242-6446
3 in this area
271 Total Sales
-
V
Buyer's Agent in 2015
Vickie Hudson
Keller Williams Realty Alaska Group of Wasilla
Map
Source: Alaska Multiple Listing Service
MLS Number: 15-9466
APN: 00716184000
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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