NOT LISTED FOR SALE

701 Cedar St Anchorage, AK 99501

Government Hill Neighborhood

Estimated Value: $575,000 - $610,249

6 Beds
3 Baths
2,990 Sq Ft
$198/Sq Ft Est. Value

Last Sold September 10, 2021

Current estimated payment $3,538/month

3 Days on Market

Highlights

  • Vaulted Ceiling
  • Fireplace
  • Fire Pit
  • West High School Rated A
  • Shed
  • 4-minute walk to Alderwood Park

About This Home

As of September 2021

Charming Government Hill triplex ready for new owners! Each sunny, spacious unit has two bedrooms & a full bathroom with its own washer & dryer. The fully fenced yard is great for furry friends, kids, & gardeners alike! The large yard boasts a fire pit, raspberries, apple trees, strawberries, & more. Separate outdoor areas including a fenced off gardening space make for great outdoor living.There are two dedicated parking spots & tons of off-street parking on quiet Cedar Street. The owners have meticulously maintained the property over the years, with the most recent updating being all new flooring in unit A, a new HWH, & a brand new sewer line. The storage on the property is plentiful & includes the large, gorgeous cedar shed with a live sod roof. Municipal parkland is next door & two playgrounds are nearby to enjoy. If location, comfort, & style are on your must-have list, this is the place for you. Welcome home!

Last Agent to Sell the Property

Paige Gibson

Herrington and Company, LLC License #18733 Listed on: 07/02/2021

Herrington and Company, LLC

Last Buyer's Agent

Shanna Switzer

Realty ONE Group Aurora License #500089

Realty ONE Group Aurora

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,037

Year Built

  • Built in 1962

Lot Details

  • 7,841

Parking

  • 2 Parking Spaces

Home Design

  • Triplex
  • Block Foundation
  • Slab Foundation
  • Bitumen Roof

Interior Spaces

  • 2,990 Sq Ft Home
  • Vaulted Ceiling
  • Fireplace
  • Fire and Smoke Detector
  • Washer and Dryer

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Fire Pit
  • Shed

Schools

  • Government Hill Elementary School
  • Central Middle School
  • West Anchorage High School

Additional Features

  • 7,841 Sq Ft Lot
  • Baseboard Heating

Listing and Financial Details

  • Total Actual Rent $4,090

Community Details

Overview

  • 3 Units

Building Details

  • Fuel Expense $2,710
  • Trash Expense $774
  • Water Sewer Expense $1,944
  • Gross Income $49,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,037

Year Built

Built in 1962

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.18
  • Road Frontage Type: Dedicated Road
  • Road Surface Type: Paved
  • Directions: Take C Street North to Government Hill, R on Hollywood, R on Cedar at end of block on L.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Triplex
  • Year Built: 1962
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Washer/Dryer
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: Fire Pit
  • Fireplace: Yes
  • Interior Amenities: Storage, Vaulted Ceiling(s)
  • Living Area: 2990

Exterior Features

  • Lot Features: City Lot, Parkside, Trailside
  • Topography: Level
  • View: No
  • Waterfront Features: Inlet Access, None
  • Waterfront: No
  • Construction Type: Wood Siding, Frame
  • Foundation Details: Block, Slab
  • Other Structures: Shed(s)
  • Property Condition: Existing Structure
  • Roof: Bitumen/Torch Down

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Carport, No Garage
  • Total Parking Spaces: 2

Utilities

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

Fee Information

  • Annual Fuel Expense: 2710
  • Trash Expense: 774
  • Annual Water Sewer Expense: 1944

Schools

  • Elementary School: Government Hill
  • High School: West Anchorage
  • Middle Or Junior School: Central

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 7840.8
  • Mobile Dim Units: Feet
  • Zoning Description: Two Family Residential
  • Zoning: R2D
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 49080
  • Total Actual Rent: 4090

Tax Info

  • Tax Annual Amount: 6037
  • Tax Map Number: N/A
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2021
Closed on
Sep 9, 2021
Sold by
Tallman Emily G and Kurn Emily G
Bought by
Blank Ashley
Seller's Agent
Paige Gibson
Herrington and Company, LLC
Buyer's Agent
Shanna Switzer
Realty ONE Group Aurora
List Price
$499,900
Current Estimated Value
$592,625

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.62%
Original Mortgage
$483,963
Outstanding Balance
$440,370
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$152,255

Purchase Details

Closed on
May 24, 2013
Sold by
Kurn Emily G and Thorne David A
Bought by
Kurn Emily G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,450
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2011
Sold by
Kurn Emily G
Bought by
Kurn Emily G and Thorne David A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,715
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 22, 2007
Sold by
Gill Matthew P
Bought by
Kurn Emily G

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
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2001
Sold by
Strong Michael L
Bought by
Gill Matthew P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,027
Interest Rate
7.1%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 16, 1995
Sold by
Nakazawa Anthony T and Nakazawa Lynette A
Bought by
Ferrara Alfred J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,839
Interest Rate
7.58%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Blank Ashley -- None Available
Kurn Emily G -- Servicelink
Kurn Emily G -- United Title
Kurn Emily G -- None Available
Gill Matthew P -- Land Title Company
Gill Matthew P -- --
Ferrara Alfred J -- --
Ferrara Alfred J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blank Ashley $483,963
Previous Owner Kurn Emily G $221,450
Previous Owner Kurn Emily G $223,715
Previous Owner Kurn Emily G $160,000
Previous Owner Gill Matthew P $171,027
Previous Owner Ferrara Alfred J $121,839
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/10/2021 09/10/21 Sold -- -- --
07/07/2021 07/07/21 Pending -- -- --
07/03/2021 07/03/21 For Sale $499,900 -- $167 / 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 $5,825 $469,400 $104,100 $365,300
2024 $5,825 $435,800 $104,100 $331,700
2023 $6,764 $397,200 $104,100 $293,100
2022 $5,384 $369,700 $104,100 $265,600
2021 $6,037 $335,000 $104,100 $230,900
2020 $5,782 $340,100 $104,100 $236,000
2019 $5,679 $347,100 $104,100 $243,000
2018 $5,609 $342,000 $106,900 $235,100
2017 $6,009 $383,700 $101,500 $282,200
2016 $4,590 $394,200 $101,500 $292,700
2015 $4,590 $368,500 $92,600 $275,900
2014 $4,590 $354,400 $88,700 $265,700
Source: Public Records

Agents Affiliated with this Home

  • Paige Gibson

    Seller's Agent in 2021

    Paige Gibson

    Herrington and Company, LLC

    (907) 240-2610

    2 in this area

    96 Total Sales

    Paige Gibson
    Section Image
  • Shanna Switzer

    Buyer's Agent in 2021

    Shanna Switzer

    Realty ONE Group Aurora

    (907) 263-9333

    1 in this area

    123 Total Sales

    Shanna Switzer
    Section Image
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Map

Source: Alaska Multiple Listing Service

MLS Number: 21-10423

Alaska Multiple Listing Service

APN: 00204710000

Alaska Anchorage Borough Anchorage 99501 Government Hill

701 Cedar St, Anchorage, AK

Not Listed for Sale

MultiFamily

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