NOT LISTED FOR SALE

525 W 3rd Ave Unit 1 Anchorage, AK 99501

Downtown Anchorage Neighborhood

Estimated Value: $94,000 - $168,000

1 Bed
1 Bath
591 Sq Ft
$287/mo HOA Fee

Last Sold April 20, 2023

Current estimated payment $1,238/month

2 Days on Market

Highlights

  • Wood Flooring
  • Tile Countertops
  • 3-minute walk to Peratrovich Park
  • Inlet View Elementary School Rated A-
  • Baseboard Heating

About This Home

As of April 2023

Convenient first floor unit in the Historic Turnagain Arms Building in the heart of Downtown. Low dues (covers everything except electric). On site Laundry. Charming building centered amidst trendy urban attractions like restaurants, bars, clubs, entertainment venues, financial buildings, retail shops etc. If you are looking for an affordable, fun, easy to maintain Downtown Pad HERE IT IS!

Last Agent to Sell the Property

Brad Arts

EXP Realty LLC - Midtown Anchorage License #148918 Listed on: 03/30/2023

EXP Realty LLC - Midtown Anchorage

Last Buyer's Agent

Adam Holzer Real Estate

Real Broker Alaska License #500125

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,065

Year Built

  • Built in 1950

HOA Fees

  • $287 Monthly HOA Fees

Home Design

  • 591 Sq Ft Home
  • Entry on the 1st floor

Kitchen

  • Oven or Range
  • Dishwasher
  • Tile Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Schools

  • Inlet View Elementary School
  • Central Middle School
  • West Anchorage High School

Utilities

  • Baseboard Heating

Community Details

  • Association fees include maintenance structure, ground maintenance, heat, insurance, trash, sewer, snow removal, water
  • Turnagain Arms Association, Phone Number (907) 563-6722

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,065

Year Built

Built in 1950

Lot Details

0

HOA Fees

$287 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: Dedicated Road
  • Road Surface Type: Paved
  • Directions: Front entrance is Downtown 3rd Avenue off E Street, directly across from the Hilton Hotel. Rear entrance and owner parking behind building, access off of 2nd Avenue
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Apartment
  • Year Built: 1950
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Carpet, Hardwood
  • Interior Amenities: BR/BA on Main Level, BR/BA Primary on Main Level, Tile Counters
  • Living Area: 591

Exterior Features

  • View: No
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Disclosures: Prop Discl Available
  • Home Warranty: No
  • Construction Type: Unknown
  • Foundation Details: Unknown - BTV
  • Property Condition: Existing Structure

Garage/Parking

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

Utilities

  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Laundry
  • Association Fee: 287.42
  • Association Fee Frequency: Monthly
  • Association Name: Turnagain Arms Association
  • Phone: 907-563-6722
  • Association: Yes
  • Pets Allowed: No
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Maintenance Structure, Maintenance Grounds, Heat, Insurance, Trash, Sewer, Snow Removal, Water

Schools

  • Elementary School: Inlet View
  • High School: West Anchorage
  • Middle Or Junior School: Central

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Mobile Dim Units: Feet
  • Zoning Description: Central Business Periphery
  • Zoning: B2C

Green Features

Multi Family

Tax Info

  • Tax Annual Amount: 2065
  • Tax Map Number: N/A
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2023
Closed on
Apr 13, 2023
Sold by
Maury R Horn Trust
Bought by
Beasley Patrick and Beasley Janna
Seller's Agent
Brad Arts
EXP Realty LLC - Midtown Anchorage
Buyer's Agent
Adam Holzer Real Estate
Real Broker Alaska
List Price
$164,900
Views
53
Current Estimated Value
$138,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.83%

Purchase Details

Closed on
Feb 7, 2020
Sold by
Reeves Rocky R
Bought by
Hsbc Bank Usa

Purchase Details

Closed on
Dec 14, 2018
Sold by
County Odf Anchorage
Bought by
The Municipality Of Anchorage

Purchase Details

Closed on
Dec 16, 2012
Sold by
Hsbc Bank
Bought by
Reeves Rocky R

Purchase Details

Closed on
Sep 19, 2012
Sold by
Reeves Rocky R
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
May 12, 2006
Sold by
Romero Leonardo and Romero Leo
Bought by
Reeves Rocky R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,999
Interest Rate
8.82%

Purchase Details

Closed on
Dec 30, 2003
Sold by
Kutsch Christopher J and Boyer Paula S
Bought by
Romero Leo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,000
Interest Rate
5.81%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Beasley Patrick -- None Listed On Document
Hsbc Bank Usa $96,300 None Available
The Municipality Of Anchorage -- None Available
Reeves Rocky R -- None Available
Hsbc Bank Usa National Association $113,923 Ftaa
Reeves Rocky R -- None Available
Romero Leo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reeves Rocky R $95,999
Previous Owner Romero Leo $46,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/20/2023 04/20/23 Sold -- -- --
04/03/2023 04/03/23 Pending -- -- --
03/31/2023 03/31/23 For Sale $164,900 +58.6% $279 / Sq Ft
06/17/2020 06/17/20 Sold -- -- -- View Prior Sale
05/12/2020 05/12/20 Pending -- -- --
04/11/2020 04/11/20 For Sale $104,000 -- $176 / 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
2025 $2,596 $169,700 -- $169,700
2024 $2,596 $160,800 $0 $160,800
2023 $2,343 $137,600 $0 $137,600
2022 $2,065 $122,600 $0 $122,600
2021 $2,090 $116,000 $0 $116,000
2020 $1,986 $116,800 $0 $116,800
2019 $1,796 $109,800 $0 $109,800
2018 $2,030 $123,800 $0 $123,800
2017 $2,036 $130,000 $0 $130,000
2016 $1,545 $125,800 $0 $125,800
2015 $1,545 $111,700 $0 $111,700
2014 $1,545 $108,900 $0 $108,900
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Brad Arts

    EXP Realty LLC - Midtown Anchorage

    Section Image

  • A

    Buyer's Agent in 2023

    Adam Holzer Real Estate

    Real Broker Alaska

  • B

    Seller's Agent in 2020

    Bob Brock

    RE/MAX

    Section Image

  • A

    Buyer's Agent in 2020

    Alaska Realty Experts

    EXP Realty LLC - Midtown Anchorage

See All Agents

Map

Source: Alaska Multiple Listing Service

MLS Number: 23-2980

Alaska Multiple Listing Service

APN: 00210706001

Alaska Anchorage Borough Anchorage 99501 Downtown Anchorage

525 W 3rd Ave Unit 1, Anchorage, AK

This home is located at 525 W 3rd Ave Unit 1, Anchorage, AK 99501 since 30 March 2023 and is currently estimated at $138,902, approximately $235 per square foot. This property was built in 1950. 525 W 3rd Ave Unit 1 is a home located in Anchorage Municipality with nearby schools including Inlet View Elementary School, Central Middle School of Science, and West High School.

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