A
Seller's Agent in 2021
Allen Jantzi
Kachemak Keller Williams Realty Alaska Group
(907) 235-7733
24 in this area
31 Total Sales
Last list price
10
Beds
6
Baths
3,040
Sq Ft
9,148
Sq Ft Lot
Highlights
- Views of a Glacier
- Homer Middle School Rated A-
- Baseboard Heating
About This Home
As of June 2021Puraches as is with 20% down. Best buy out there in larger multi unit property. Close to the hospital and the new Karen Hornady park playground. 4 units have private balconies and views. over the years this has good solid rental history. Also in the direct way of progress for the upcoming natural gas line to Homer.This property has tremendous upside especially since it will be one of the first properties in Homer to have access to natural gas. The gasline will pass directly along Fairview on the way to serve the South Peninsula Hospital. Currently the owner provides heat to all of the units but with the advent of natural gas, each unit can be separately metered so that tenants can then pay their own heat. Heating costs the past few years have greatly impacted profitability with rental real estate.
Each of the units have a Kachemak Bay view and the four 2 bedroom units all have private south facing decks. Some of the units have been upgraded and a few need to be given a facelift but all of them are viable rentals as is. Typical rents are $850/month for each of the four 2 bedroom units and $650/month for each of the two one bedroom units. Some tenants pay for their electricity and others have it included. Electric is already separately metered, and once the gas is available and separately metered, rents could be lowered, tenants could pay the bulk of utilities and this will be even more profitable.
This building has a great location within walking distance of the Hospital, the medical clinics, the new community Playground, the Museum and many local restaurants.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $4,856
Year Built
- Built in 1977
Parking
- 12 Parking Spaces
Property Views
- Bay
- Glacier
- City Lights
Home Design
- 3,040 Sq Ft Home
- Treated Wood Foundation
- Wood Frame Construction
- Shingle Roof
- Composition Roof
- Asphalt Roof
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
- Baseboard Heating
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $4,320
- Fuel Expense $5,100
- Professional Management Expense $4,800
- Trash Expense $600
- Water Sewer Expense $3,600
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 Keller Williams Realty Alaska Group
Buyer's Agent
Denise Pitzman
Red Knot Real Estate
List Price
$549,000
Sold Price
$541,000
Premium/Discount to List
-$8,000
-1.46%
Total Days on Market
128
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
$26,329
Avg. Annual Appreciation
3.23%
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
Sold Price
$258,000
Premium/Discount to List
-$23,000
-8.19%
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | New Title Company Name | |
| Warranty Deed | -- | First American Title Ins Co | |
| Warranty Deed | -- | First American Title Ins Co | |
| Warranty Deed | -- | Kachemak Bay Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $206,400 | Seller Take Back | |
| Previous Owner | $131,508 | Unknown | |
| Previous Owner | $160,000 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 | -- | -- | -- |
| 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 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 | $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
-
Allen Jantzi
-
Denise Pitzman
Buyer's Agent in 2021
Denise Pitzman
Red Knot Real Estate
(907) 299-4650
85 in this area
182 Total Sales
-
Angie Newby
Seller's Agent in 2012
Angie Newby
Homer Real Estate
(907) 235-5294
49 in this area
99 Total Sales
Map
Source: Alaska Multiple Listing Service
MLS Number: 12-9622
APN: 175-300-05
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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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