NOT LISTED FOR SALE

653 W Fairview Ave Homer, AK 99603

Estimated Value: $550,180 - $1,191,000

10 Beds
6 Baths
4,924 Sq Ft
$157/Sq Ft Est. Value

Last Sold June 09, 2021

Current estimated payment $4,434/month

7 Days on Market

Highlights

  • Bay View
  • Carpet
  • Heating Available
  • Homer Middle School Rated A-

About This Home

As of June 2021

Looking for a solid investment check out this well maintained fully leased 6-plex. 4 two bedroom & 2 one bedroom units. Property has been consistently leased with minimal tenant turnover. All units have been remodeled since the the current owner purchased it in 2012. All units are connected to natural gas and separately metered. Bay views from the 4 upper unit balconies.Some tenants are month to month. Current rents are below market value.

Last Agent to Sell the Property

Allen Jantzi

Kachemak Real Estate Group Real Broker License #12621 Listed on: 05/04/2021

Kachemak Real Estate Group Real Broker

Last Buyer's Agent

Denise Pitzman

Red Knot Real Estate License #18090

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,385

Year Built

  • Built in 1977

Lot Details

  • 9,148

Parking

  • 12 Parking Spaces

Home Design

  • Treated Wood Foundation
  • Wood Frame Construction
  • Asphalt Roof

Interior Spaces

  • 4,924 Sq Ft Home
  • Bay Views
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Full Bathrooms

Schools

  • Paul Banks/Homer Elementary School
  • Homer Middle School
  • Homer High School

Additional Features

  • 9,148 Sq Ft Lot
  • Heating Available

Community Details

  • 6 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,385

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.21
  • Road Surface Type: Paved
  • Directions: From Pioneer Ave. turn onto Bartlett then left on Fairview Ave. Building is on the left.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Multi Family
  • Year Built: 1977
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Full Bathrooms: 6
  • Total Bedrooms: 10
  • Flooring: Carpet, Linoleum
  • Living Area: 4924

Exterior Features

  • Lot Features: Covenants, City Lot
  • Topography: Level
  • View: Bay
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame - 2x6
  • Foundation Details: All-Weather Wood
  • Property Condition: Existing Structure
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Carport, No Garage
  • Total Parking Spaces: 12

Utilities

  • Laundry Features: Common Area
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Schools

  • Elementary School: Paul Banks/Homer
  • High School: Homer
  • Middle Or Junior School: Homer

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 9147.6
  • Mobile Dim Units: Feet
  • Zoning Description: Urban Residential
  • Zoning: UR
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 6

Tax Info

  • Tax Annual Amount: 5385
  • Tax Map Number: N/A
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2021
Closed on
May 28, 2021
Sold by
Classen Jesse D
Bought by
Radford
Seller's Agent
Allen Jantzi
Kachemak Real Estate Group Real Broker
Buyer's Agent
Denise Pitzman
Red Knot Real Estate
List Price
$549,000
Current Estimated Value
$775,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.95%

Purchase Details

Listed on
Jul 10, 2012
Closed on
Dec 14, 2012
Sold by
Whisman David
Bought by
Classen Jesse D
Seller's Agent
Angie Newby
Homer Real Estate
Buyer's Agent
Angie Newby
Homer Real Estate
List Price
$281,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.16%
Original Mortgage
$206,400
Interest Rate
3.27%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 9, 2005
Sold by
Norberg Robert B and Norberg Katherine
Bought by
Whisman David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 11, 2001
Sold by
Peterson Eryc J
Bought by
Norberg Robert B and Norberg Katherine
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Radford -- New Title Company Name
Classen Jesse D -- First American Title Ins Co
Whisman David -- First American Title Ins Co
Norberg Robert B -- Kachemak Bay Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Classen Jesse D $206,400
Previous Owner Whisman David $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/09/2021 06/09/21 Sold -- -- --
05/12/2021 05/12/21 Pending -- -- --
05/04/2021 05/04/21 For Sale $549,000 +95.4% $111 / Sq Ft
12/28/2012 12/28/12 Sold -- -- -- View Prior Sale
11/16/2012 11/16/12 Pending -- -- --
07/10/2012 07/10/12 For Sale $281,000 -- $92 / Sq Ft
Source: Alaska Multiple Listing Service

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 $4,920 $501,500 $50,300 $451,200
2024 $4,856 $473,300 $47,700 $425,600
2023 $3,530 $323,300 $42,200 $281,100
2022 $3,661 $325,700 $35,300 $290,400
2021 $3,444 $311,100 $34,300 $276,800
2020 $3,410 $298,100 $34,000 $264,100
2019 $3,441 $299,200 $34,000 $265,200
2018 $3,444 $299,500 $33,900 $265,600
2017 $3,570 $315,900 $47,700 $268,200
2016 $2,764 $244,600 $40,200 $204,400
2015 $2,522 $241,900 $40,200 $201,700
2014 $2,522 $262,900 $40,200 $222,700
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Allen Jantzi

    Kachemak Real Estate Group Real Broker

    (907) 235-7733

    20 in this area

    24 Total Sales

    Allen Jantzi
    Section Image
  • Denise Pitzman

    Buyer's Agent in 2021

    Denise Pitzman

    Red Knot Real Estate

    (907) 299-4650

    73 in this area

    158 Total Sales

    Denise Pitzman
    Section Image
  • Angie Newby

    Seller's Agent in 2012

    Angie Newby

    Homer Real Estate

    (907) 235-5294

    43 in this area

    85 Total Sales

    Angie Newby
    Section Image
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Map

Source: Alaska Multiple Listing Service

MLS Number: 21-6416

Alaska Multiple Listing Service

APN: 175-300-05

Alaska Kenai Peninsula Borough Homer 99603

653 W Fairview Ave, Homer, AK

Not Listed for Sale

MultiFamily

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