NOT LISTED FOR SALE

701 Cedar St Anchorage, AK 99501

Government Hill Neighborhood

Estimated Value: $554,000 - $610,826

6 Beds
3 Baths
2,990 Sq Ft
$195/Sq Ft Est. Value

Sale Details

Date Sold: September 10, 2021

Current estimated payment $3,665 / mo

3 Days on Market

Highlights

  • Vaulted Ceiling
  • Fireplace
  • Fire Pit
  • West High School Rated A
  • Shed
  • 3-minute walk to Sunset 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2021
Closed on
Sep 9, 2021
Sold by
Bought by
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
$582,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.99%
Original Mortgage
$483,963
Outstanding Balance
$440,370
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$142,043

Purchase Details

Closed on
May 24, 2013
Sold by
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by

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
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- Servicelink
-- United Title
-- None Available
-- Land Title Company
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $483,963
Previous Owner $221,450
Previous Owner $223,715
Previous Owner $160,000
Previous Owner $171,027
Previous Owner $121,839
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,228 $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

    87 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

    119 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

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Alaska Multiple Listing Service 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 2026 Alaska Multiple Listing Service, Inc. All rights reserved.

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