NOT LISTED FOR SALE

Estimated Value: $436,376 - $452,000

4 Beds
3 Baths
2,112 Sq Ft
$210/Sq Ft Est. Value

Last Sold October 23, 2020

Current estimated payment $2,978/month

95 Days on Market

Highlights

  • Views
  • Forced Air Heating System
  • Washer and Dryer
  • Shed

About This Home

As of October 2020

READY FOR QUICK CLOSE! New roof, all health and safety items from recent inspection report repaired, title opened and prepared for closing for this immaculately maintained townhouse style duplex in which both units have been OWNER OCCUPIED for over a decade in prime location.Take advantage of this income opportunity in quality condition and with numerous updates including new kitchen counter tops, new vinyl windows, new exterior walkways, etc.

The units are identical, each having their own kitchen, laundry room, dining room, fenced backyard and back deck, entrance and fireplace. Living room, kitchen and washer/dryer on the first floor with the two bedrooms upstairs.

Due to its location, retention averages for these units can be expected to be around 18-36 months of steady cashflow with minimum upfront repairs. With no current tenants, new landlord has maximum convenience and control over how he/she wishes to structure their business. For example, new landlord has ability to create their own utility payment policy, does not need to be concerned with collecting deposits, balancing and/or settling old accounts, honoring previous verbal agreements and leases, moving a tenant out to owner occupy, how thorough the tenant's initial move-in was, etc., saving new landlord an enormous amount of time and energy and allowing him/her to start cash-flowing almost immediately. Extra storage onsite, plenty of parking.

Last Listed By

Jamin Goecker

Keller Williams Realty Alaska Group of Eagle River License #133009 Listed on: 06/08/2020

Keller Williams Realty Alaska Group of Eagle River

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,293

Year Built

  • Built in 1982

Lot Details

  • 8,276

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Asphalt Roof

Interior Spaces

  • 2,112 Sq Ft Home
  • Laminate Flooring
  • Fire and Smoke Detector
  • Washer and Dryer
  • Property Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Schools

  • Tudor Elementary School
  • Wendler Middle School
  • Bettye Davis East Anchorage High School

Additional Features

  • Shed
  • 8,276 Sq Ft Lot
  • Forced Air Heating System

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $8,200
  • Gross Income $33,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,293

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.19
  • Road Surface Type: Paved
  • Directions: From Lake Otis, turn west onto E. 68th Ave, Turn right onto Zurich St, then turn right into the cul-de-sace and property is straight ahead.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Duplex
  • Year Built: 1982
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Washer/Dryer
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Flooring: Laminate
  • Living Area: 2112

Exterior Features

  • Lot Features: City Lot
  • Topography: Level
  • View: Mountain(s)
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Wood Siding, Frame
  • Foundation Details: Concrete Perimeter
  • Other Structures: Shed(s)
  • Property Condition: Existing Structure
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: No
  • Parking Features: RV Access/Parking, No Carport, No Garage
  • Total Parking Spaces: 4

Utilities

  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Tudor
  • High School: Bettye Davis East Anchorage
  • Middle Or Junior School: Wendler

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 8276.4
  • Mobile Dim Units: Feet
  • Zoning Description: Multi Family Residential
  • Zoning: R2M
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 33600
  • Annual Operating Expense: 8200

Tax Info

  • Tax Annual Amount: 5293
  • Tax Map Number: N/A
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2020
Closed on
Oct 22, 2020
Sold by
Guerrero Mannalis D and Guerrero Thelma
Bought by
Sandoval Aimee K and Sandoval James A
Seller's Agent
Jamin Goecker
Keller Williams Realty Alaska Group of Eagle River
Buyer's Agent
Jamie Rose
Real Broker Alaska
List Price
$229,999
Sold Price
$328,000
Premium/Discount to List
$98,001
42.61%
Total Days on Market
95
Current Estimated Value
$444,188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,188
Avg. Annual Appreciation
6.88%
Original Mortgage
$311,600
Outstanding Balance
$280,424
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$163,921

Purchase Details

Closed on
Oct 16, 2006
Sold by
Greek Neale Rosemary
Bought by
Guerrero Mannalis D and Guerrero Juan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,758
Interest Rate
6.46%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 12, 2006
Sold by
American Exchange Properties Llc and Greek Neale Rosemary
Bought by
Greek Neale Rosemary

Purchase Details

Closed on
Jan 11, 2006
Sold by
Greek Neale Rosemary
Bought by
American Exchange Properties Llc and Greek Neale Rosemary

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
Sandoval Aimee K -- None Available
Guerrero Mannalis D -- First American Title Ins Co
Greek Neale Rosemary -- Accommodation
American Exchange Properties Llc -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sandoval Aimee K $311,600
Previous Owner Guerrero Mannalis D $259,000
Previous Owner Guerrero Mannalis D $283,758
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2020 10/23/20 Sold -- -- --
09/13/2020 09/13/20 Pending -- -- --
06/09/2020 06/09/20 For Sale $229,999 -- $109 / 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
2024 $6,188 $383,300 $88,900 $294,400
2023 $5,995 $352,000 $88,900 $263,100
2022 $5,833 $346,400 $88,900 $257,500
2021 $5,885 $326,600 $88,900 $237,700
2020 $5,646 $332,100 $88,900 $243,200
2019 $5,345 $326,700 $88,900 $237,800
2018 $5,294 $322,800 $84,000 $238,800
2017 $5,146 $328,600 $84,000 $244,600
2016 $4,151 $307,000 $78,900 $228,100
2015 $4,151 $301,400 $78,900 $222,500
2014 $4,151 $284,300 $78,900 $205,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alaska Multiple Listing Service

MLS Number: 20-8276

Alaska Multiple Listing Service

APN: 01405426000