NOT LISTED FOR SALE

7603 E Downstream Dr Palmer, AK 99645

Gateway Neighborhood

Estimated Value: $212,000 - $519,314

3 Beds
2.5 Baths
1,800 Sq Ft
$231/Sq Ft Est. Value

Last Sold January 04, 2022

Current estimated payment $2,694/month

Highlights

  • New Construction
  • Double Oven
  • Attached Carport
  • Home fronts a creek
  • 2 Car Attached Garage
  • Forced Air Heating System

About This Home

As of January 2022

This home is located at 7603 E Downstream Dr, Palmer, AK 99645 since 07 April 2021 and is currently estimated at $416,438, approximately $231 per square foot. This property was built in 2021. 7603 E Downstream Dr is a home located in Matanuska-Susitna Borough with nearby schools including Pioneer Peak Elementary School, Colony Middle School, and Colony High School.

Last Agent to Sell the Property

Lori Leahy

RE/MAX Dynamic of the Valley License #ak.114763 Listed on: 04/07/2021

RE/MAX Dynamic of the Valley

Last Buyer's Agent

Lori Leahy

RE/MAX Dynamic of the Valley License #ak.114763 Listed on: 04/07/2021

RE/MAX Dynamic of the Valley

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $772

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 0.79 Acre Lot
  • Home fronts a creek
  • Zoning described as Unknown (re: all MSB)

Parking

  • 2 Car Attached Garage
  • Attached Carport

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,800 Sq Ft Home
  • Gas Fireplace

Kitchen

  • Double Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Finger Lake Elementary School
  • Colony Middle School
  • Colony High School

Utilities

  • Forced Air Heating System
  • Electricity To Lot Line
  • Well
  • Septic Tank

Community Details

  • Property has a Home Owners Association
  • Built by GEDZ Construction,GEDZ Constrction

Home Details

Home Type

Single Family

Est. Annual Taxes

$772

Year Built

Built in 2021 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.79
  • Directions: Trunk Road N to E College to Drive, L to Old Trunk Rd, to L on Tributary to L on Downstream.
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: Yes
  • Property Attached Yn: No
  • Structure Type: Single Family Res
  • Year Built: 2021
  • ResoPropertyType: Residential
  • Special Features: NewHome

Interior Features

  • Appliances: Dishwasher, Double Oven, Gas Cooktop, Microwave
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Living Area: 1800

Exterior Features

  • Waterfront Features: Creek, Creek Access
  • Waterfront: Yes
  • Home Warranty: No
  • Builder Name: GEDZ Construction,GEDZ Constrction
  • Common Walls: No Common Walls
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Concrete Perimeter
  • Property Condition: New Construction
  • Roof: Asphalt

Garage/Parking

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

Utilities

  • Security: Carbon Monoxide Detector(s)
  • Heating: Forced Air
  • Heating Yn: Yes
  • Electricity On Property: Yes
  • Sewer: Septic Tank
  • Utilities: Electric
  • Water Source: Well

Condo/Co-op/Association

  • Association Name: YES
  • Association: Yes

Schools

  • Elementary School: Finger Lake
  • High School: Colony
  • Middle Or Junior School: Colony

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 34412.4
  • Mobile Dim Units: Feet
  • Zoning Description: Unknown (re: all MSB)
  • Zoning: UNK
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

Tax Info

  • Tax Annual Amount: 772.39
  • Tax Map Number: WA09
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2021
Closed on
Jan 4, 2022
Sold by
Gedz Mikhail
Bought by
Massmann Steven Morris
Seller's Agent
Lori Leahy
RE/MAX Dynamic of the Valley
Buyer's Agent
Lori Leahy
RE/MAX Dynamic of the Valley
List Price
$450,000
Current Estimated Value
$416,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.13%
Original Mortgage
$140,000
Outstanding Balance
$129,027
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$287,411

Purchase Details

Listed on
Mar 1, 2018
Closed on
Sep 6, 2018
Sold by
Gravier Llc
Bought by
Massmann Steven
Seller's Agent
Alaska Real Estate Group
Keller Williams Realty Alaska Group
Buyer's Agent
Michelle Cornelius
RE/MAX Dynamic of the Valley - IMEX
List Price
$52,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
93.83%
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
Massmann Steven Morris -- None Available
Massmann Steven -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Massmann Steven Morris $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/04/2022 01/04/22 Sold -- -- --
04/08/2021 04/08/21 For Sale $450,000 +757.1% $250 / Sq Ft
04/07/2021 04/07/21 Pending -- -- --
09/07/2018 09/07/18 Sold -- -- -- View Prior Sale
08/20/2018 08/20/18 Pending -- -- --
03/02/2018 03/02/18 For Sale $52,500 -- $29 / 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
2025 $6,013 $485,800 $49,000 $436,800
2024 $6,013 $469,400 $49,000 $420,400
2023 $5,787 $459,900 $49,000 $410,900
2022 $5,761 $415,000 $49,000 $366,000
2021 $750 $49,000 $49,000 $0
2020 $772 $49,000 $49,000 $0
2019 $779 $49,000 $49,000 $0
2018 $775 $49,000 $49,000 $0
2017 $775 $49,000 $49,000 $0
2016 $757 $49,000 $49,000 $0
2015 $606 $45,000 $45,000 $0
2014 $606 $45,000 $45,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Lori Leahy

    Seller's Agent in 2022

    Lori Leahy

    RE/MAX

    4 in this area

    74 Total Sales

    Lori Leahy
    Section Image

  • A

    Seller's Agent in 2018

    Alaska Real Estate Group

    Keller Williams Realty Alaska Group

  • M

    Buyer's Agent in 2018

    Michelle Cornelius

    RE/MAX

    Section Image
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Map

Source: Alaska Multiple Listing Service

MLS Number: 21-4823

Alaska Multiple Listing Service

APN: 6893B02L002

Alaska Matanuska-Susitna Borough Palmer 99645 Gateway

7603 E Downstream Dr, Palmer, AK

Not Listed for Sale

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