NOT LISTED FOR SALE

8501 Paine Rd Anchorage, AK 99516

Bear Valley Neighborhood

Estimated Value: $303,000 - $623,225

3 Beds
2 Baths
2,932 Sq Ft
$167/Sq Ft Est. Value

Last Sold August 18, 2017

Current estimated payment $3,055/month

215 Days on Market

Highlights

  • Property fronts an inlet
  • Unobstructed Views
  • Vaulted Ceiling
  • Bear Valley Elementary School Rated A
  • Deck
  • Private Yard

About This Home

As of August 2017

Flip this house! Inspiring views of the inlet, city lights, and mountain ranges. This hillside home features log walls and large picture windows, and a 700sqft loft for family room, offices, or studio. Sought-after schools. Failed septic. Needs foundation repairs and several other repairs. Seller is the Secretary of Veterans Affairs. Sold for cash (only) and sold strictly as-is.

Last Agent to Sell the Property

Shane Blattler

Jack White Real Estate License #15837 Listed on: 01/03/2017

Jack White Real Estate

Last Buyer's Agent

Shane Blattler

Jack White Real Estate License #15837 Listed on: 01/03/2017

Jack White Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,898

Year Built

  • Built in 1981

Lot Details

  • 0.45 Acre Lot
  • Property fronts an inlet
  • Private Yard
  • Property is zoned R7, Intermediate Rural Residential

Property Views

  • Unobstructed Views
  • City Lights Views

Home Design

  • Fixer Upper
  • Shingle Roof
  • Composition Roof
  • Asphalt Roof

Interior Spaces

  • 2,932 Sq Ft Home
  • Vaulted Ceiling
  • Ceiling Fan
  • Carpet
  • Oven or Range
  • Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Shed

Schools

  • Bear Valley Elementary School
  • Goldenview Middle School
  • South Anchorage High School

Utilities

  • Heating Available
  • Private Water Source
  • Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,898

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.45
  • Road Surface Type: Gravel
  • Directions: Rabbit Creek to Clarks Road, take Clarks for 1/2 mile where it becomes Kings Way (after the mailboxes). Continue on Kings Way 3/4 mile to Paine Rd. Right on Paine and uphill to property on right.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Multi/Split
  • New Construction: No
  • Property Attached Yn: No
  • Structure Type: Single Family Res
  • Year Built: 1981
  • ResoPropertyType: Residential
  • Special Features: RealEstateOwned

Interior Features

  • Appliances: Range/Oven
  • Has Basement: Finished
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet
  • Interior Amenities: BR/BA on Main Level, Ceiling Fan(s), Vaulted Ceiling(s)
  • Living Area: 2932

Exterior Features

  • Lot Features: Road Service Area, Views
  • Topography: Sloping
  • View: City Lights, Inlet, Mountain(s), Unobstructed
  • View: Yes
  • Waterfront Features: None, No Access
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Private Yard
  • Foundation Details: Unknown - BTV
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck/Patio
  • Property Condition: Existing Structure, Fixer
  • Roof: Asphalt, Composition, Shingle

Garage/Parking

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

Utilities

  • Security: Carbon Monoxide Detector(s)
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Private

Schools

  • Elementary School: Bear Valley
  • High School: South Anchorage
  • Middle Or Junior School: Goldenview

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 19602
  • Mobile Dim Units: Feet
  • Zoning Description: Intermediate Rural Residential
  • Zoning: R7
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

Tax Info

  • Tax Map Number: N/A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2024
Sold by
Ruckel Lorna D
Bought by
Smith Gerad M
Current Estimated Value
$468,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,811
Outstanding Balance
$342,912
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$92,652

Purchase Details

Listed on
Jan 3, 2017
Closed on
Aug 10, 2017
Sold by
The Secretary Of Veterans Affairs
Bought by
Ruckel Lorna D
Seller's Agent
Shane Blattler
Jack White Real Estate
Buyer's Agent
Shane Blattler
Jack White Real Estate
List Price
$199,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.17%

Purchase Details

Closed on
Jun 23, 2016
Sold by
Alaska Usa Federal Credit Union
Bought by
Secretary Of Veterans Affairs

Purchase Details

Closed on
Jun 17, 2016
Sold by
Newnham William T
Bought by
Alaska Usa Federal Credit Union

Purchase Details

Closed on
Jul 31, 2008
Sold by
Newnham Loann and Lowell Jeff
Bought by
Newnham William T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.41%
Mortgage Type
VA

Purchase Details

Closed on
Feb 21, 2006
Sold by
Newnham Lo Ann
Bought by
Lowell Jeff and Newnham Loann
Source: Public Records

Range of Values:

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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
Smith Gerad M -- None Listed On Document
Ruckel Lorna D -- Atga
Secretary Of Veterans Affairs -- Ftaa
Alaska Usa Federal Credit Union $189,112 Nextitle
Newnham William T -- United Title
Lowell Jeff -- First American Title Of Alas
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Gerad M $344,811
Previous Owner Newnham William T $310,916
Previous Owner Newnham William T $0
Previous Owner Newnham William T $290,000
Previous Owner Newnham Loann $28,000
Previous Owner Newnham Loann $25,000
Previous Owner Newnham Loann $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2017 08/18/17 Sold -- -- --
08/08/2017 08/08/17 Pending -- -- --
01/04/2017 01/04/17 For Sale $199,250 -- $68 / 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 $5,898 $459,000 $54,400 $404,600
2023 $5,826 $421,200 $54,400 $366,800
2022 $5,718 $404,300 $54,400 $349,900
2021 $6,536 $379,800 $50,900 $328,900
2020 $5,141 $372,500 $50,900 $321,600
2019 $5,785 $371,100 $50,900 $320,200
2018 $5,597 $359,000 $48,300 $310,700
2017 $5,552 $360,300 $48,300 $312,000
2016 $4,900 $353,600 $48,300 $305,300
2015 $4,900 $336,300 $43,300 $293,000
2014 $4,900 $334,500 $43,300 $291,200
Source: Public Records

Agents Affiliated with this Home

  • Shane Blattler

    Seller's Agent in 2017

    Shane Blattler

    Jack White Real Estate

    (907) 240-0034

    151 Total Sales

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Map

Source: Alaska Multiple Listing Service

MLS Number: 17-90

Alaska Multiple Listing Service

APN: 02058164000

Alaska Anchorage Borough Anchorage 99516 Bear Valley

8501 Paine Rd, Anchorage, AK

This home is located at 8501 Paine Rd, Anchorage, AK 99516 since 03 January 2017 and is currently estimated at $489,806, approximately $167 per square foot. This property was built in 1981. 8501 Paine Rd is a home located in Anchorage Municipality with nearby schools including Bear Valley Elementary School, Goldenview Middle School, and South Anchorage High School.

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