NOT LISTED FOR SALE

5530 E 38th Ct Anchorage, AK 99504

University Area Neighborhood

Estimated Value: $880,000 - $946,100

7 Beds
4 Baths
4,980 Sq Ft
$181/Sq Ft Est. Value

Last Sold April 01, 2021

Current estimated payment $5,599/month

154 Days on Market

Highlights

  • 0.51 Acre Lot
  • Wood Flooring
  • Shed
  • Vaulted Ceiling
  • Views
  • Baseboard Heating

About This Home

As of April 2021

This is an opportunity to own a gorgeous very unique property close in to University Med area. Fantastic Triplex. Two 2 bedroom 1 bath apartments. 1100 sf each. Carport for each rental unit. Owners unit is over 2600 sf 3 Bedroom 2 bath with a 960sf detached 3 car garage. Ongoing updating has made it a very classy quality unit. Must see to appreciate. Large 22,248 sf lot. Many new featureNew doors, windows, flooring. The 3 car garage is extra deep. Just an amazing place.
Except for the entry and a small bay window, the entire building has new top of the line Anderson windows, for over $90k . This is such an exceptional building. 3 fireplaces. New furnaces 2019, New water heater now. Pre listing home inspection. All necessary repairs are done. Pre listing appraisal for $775,000
New roofing on most of building. New Asbuilt . Outstanding opportunity

Last Agent to Sell the Property

Ed Jacobson

Real Estate Brokers of Alaska License #14192 Listed on: 09/03/2020

Real Estate Brokers of Alaska

Last Buyer's Agent

Adam Jacobson

Fields Real Estate, LLC License #165611

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,399

Year Built

  • Built in 1973

Lot Details

  • 0.51

Parking

  • 3 Car Garage
  • Carport
  • Open Parking

Home Design

  • Triplex
  • Block Foundation
  • Membrane Roofing
  • Built-Up Roof
  • Asphalt Roof
  • Block Exterior
  • Concrete Block And Stucco Construction

Interior Spaces

  • 4,980 Sq Ft Home
  • Vaulted Ceiling
  • Fire and Smoke Detector
  • Washer and Dryer
  • Property Views

Flooring

  • Wood
  • Carpet
  • Linoleum
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Schools

  • Baxter Elementary School
  • Wendler Middle School
  • Btv-Undiscl By Ll High School

Utilities

  • Radiant Heating System
  • Baseboard Heating

Additional Features

  • Shed
  • 0.51 Acre Lot

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Operating Expense $16,126

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,399

Year Built

Built in 1973

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.51
  • Road Surface Type: Paved
  • Directions: From Tudor, North on Boniface 4 blocks to E 38th Ct on the Right. End of cul de sac towards the right.
  • Carport Y N: Yes
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Triplex
  • Year Built: 1973
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Appliances: Washer/Dryer
  • Other Equipment: Generator
  • Full Bathrooms: 4
  • Total Bedrooms: 7
  • Flooring: Carpet, Ceramic Tile, Hardwood, Linoleum, Luxury Vinyl
  • Interior Amenities: Storage, Vaulted Ceiling(s)
  • Living Area: 4980

Exterior Features

  • Lot Features: City Lot
  • Topography: Sloping
  • View: Mountain(s)
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Disclosures: Prop Discl Available
  • Construction Type: Metal, Wood Siding, Block, Concrete
  • Foundation Details: Block, Concrete Perimeter
  • Other Structures: Shed(s)
  • Property Condition: Existing Structure
  • Roof: Asphalt, Built-Up, Membrane

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 3
  • Garaged Spaces: 3
  • Open Parking: Yes
  • Parking Features: Paved, RV Access/Parking, Attached Carport, Detached
  • Total Parking Spaces: 2

Utilities

  • Security: Smoke Detector(s)
  • Heating: Baseboard, Radiant
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Schools

  • Elementary School: Baxter
  • High School: BTV-Undiscl by LL
  • Middle Or Junior School: Wendler

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 22215.6
  • Mobile Dim Units: Feet
  • Zoning Description: Multi Family Residential
  • Zoning: R2M
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 16126

Tax Info

  • Tax Annual Amount: 9399
  • Tax Map Number: N/A
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2020
Closed on
Mar 30, 2021
Sold by
Steger Wallace Leroy and Steger Mindi Lou
Bought by
Jacobson Adam Lee and Jacobson Donald Lee
Seller's Agent
Ed Jacobson
Real Estate Brokers of Alaska
Buyer's Agent
Adam Jacobson
Fields Real Estate, LLC
List Price
$775,000
Current Estimated Value
$903,033

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.58%
Original Mortgage
$648,351
Outstanding Balance
$583,484
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$319,549

Purchase Details

Listed on
Sep 3, 2020
Closed on
Mar 4, 2021
Sold by
Steger Wallace Leroy and Steger Minid Lou
Bought by
Jacobson Adam Lee and Jacobson Donald Lee
Seller's Agent
Ed Jacobson
Real Estate Brokers of Alaska
Buyer's Agent
Adam Jacobson
Fields Real Estate, LLC
List Price
$775,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$648,351
Outstanding Balance
$583,484
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$319,549

Purchase Details

Closed on
Sep 30, 2010
Sold by
Grendahl Andrew J and Deoliveira Samania
Bought by
Steger Wallace Leroy and Steger Mindi Lou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,589
Interest Rate
4.35%
Mortgage Type
VA

Purchase Details

Closed on
Jul 6, 2009
Sold by
Grendahl Shawn E D and Darnell Shawn Erin
Bought by
Grendahl Andrew J

Purchase Details

Closed on
Sep 22, 2006
Sold by
Grendahl Andrew J
Bought by
Grendahl Andrew J and Grendahl Shawn E D

Purchase Details

Closed on
Jun 24, 2005
Sold by
Branchflower Stephen E and Branchflower Linda Jo
Bought by
Grendahl Andrew J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,700
Interest Rate
5.72%
Mortgage Type
VA
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Jacobson Adam Lee -- None Listed On Document
Jacobson Adam Lee -- None Available
Steger Wallace Leroy -- Atga
Grendahl Andrew J -- None Available
Grendahl Andrew J -- Accommodation
Grendahl Andrew J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jacobson Adam Lee $648,351
Closed Jacobson Adam Lee $648,351
Previous Owner Steger Wallace Leroy $550,589
Previous Owner Grendahl Andrew J $499,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2021 04/01/21 Sold -- -- --
02/06/2021 02/06/21 Pending -- -- --
09/04/2020 09/04/20 For Sale $775,000 -- $156 / 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 $9,955 $756,700 $155,100 $601,600
2024 $9,955 $691,600 $155,100 $536,500
2023 $10,797 $634,000 $155,100 $478,900
2022 $9,491 $613,600 $155,100 $458,500
2021 $10,331 $573,300 $155,100 $418,200
2020 $6,347 $574,500 $155,100 $419,400
2019 $6,106 $573,200 $155,100 $418,100
2018 $6,025 $567,400 $151,900 $415,500
2017 $6,820 $605,500 $151,900 $453,600
2016 $8,271 $615,800 $155,800 $460,000
2015 $8,271 $605,300 $155,800 $449,500
2014 $8,271 $576,500 $155,800 $420,700
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2021

    Ed Jacobson

    Real Estate Brokers of Alaska

    (907) 562-6464

    1 in this area

    7 Total Sales

    Ed Jacobson
    Section Image

  • A

    Buyer's Agent in 2021

    Adam Jacobson

    Fields Real Estate, LLC

    (907) 717-0252

    2 in this area

    10 Total Sales

    Adam Jacobson
    Section Image
See All Agents

Map

Source: Alaska Multiple Listing Service

MLS Number: 20-13956

Alaska Multiple Listing Service

APN: 00709136000

Alaska Anchorage Borough Anchorage 99504 University Area

5530 E 38th Ct, Anchorage, AK

This home is located at 5530 E 38th Ct, Anchorage, AK 99504 since 03 September 2020 and is currently estimated at $903,033, approximately $181 per square foot. This property was built in 1973. 5530 E 38th Ct is a home located in Anchorage Municipality with nearby schools including College Gate Elementary School, Wendler Middle School, and Bettye Davis East Anchorage High School.

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