NOT LISTED FOR SALE

903 W 40th Ave Anchorage, AK 99503

Spenard Neighborhood

Estimated Value: $408,000 - $589,000

7 Beds
6 Baths
4,108 Sq Ft
$124/Sq Ft Est. Value

Last Sold January 05, 2024

Current estimated payment $3,408/month

88 Days on Market

Highlights

  • Views
  • West High School Rated A
  • Forced Air Heating System

About This Home

As of January 2024

Unique tri-plex Townhome two story design. Close to the airport and shopping. by Artic and Tudor corner lot. Larger unit has Fire Place & large deck, designed for water runoff. Vinyl siding just power washed, trim and doors painted.Tenants pay electric

Last Agent to Sell the Property

Kathy Geraci

Great Land Property Management, LLC License #5973 Listed on: 08/23/2023

Last Buyer's Agent

Huntley & Associates

Keller Williams Realty Alaska Group License #500064

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,874

Year Built

  • Built in 1980

Lot Details

  • 8,712

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Open Parking

Home Design

  • Side-by-Side
  • Asphalt Roof

Interior Spaces

  • 4,108 Sq Ft Home
  • Laminate Flooring
  • Fire and Smoke Detector
  • Property Views

Bedrooms and Bathrooms

  • 7 Bedrooms

Schools

  • Willow Crest Elementary School
  • Romig Middle School
  • West Anchorage High School

Additional Features

  • 8,712 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $4,000

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $715
  • Fuel Expense $2,497
  • Trash Expense $1,133
  • Water Sewer Expense $2,925
  • Gross Income $48,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,874

Year Built

Built in 1980

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Road Frontage Type: Dedicated Road
  • Road Surface Type: Paved
  • Directions: West on Tudor, Right on North Star, Right on W 40th Tri-plex is on the left.
  • Carport Y N: Yes
  • Garage Yn: Yes
  • New Construction: No
  • Structure Type: Side by Side, Up and Down
  • Year Built: 1980
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Full Bathrooms: 3
  • Half Bathrooms: 3
  • Total Bedrooms: 7
  • Flooring: Laminate
  • Living Area: 4108

Exterior Features

  • Lot Features: City Lot
  • Topography: Level
  • View: Mountain(s)
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Metal
  • Property Condition: Existing Structure
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 2
  • Covered Parking Spaces: 3
  • Garaged Spaces: 2
  • Open Parking: Yes
  • Parking Features: Paved, Attached Carport, No Garage
  • Total Parking Spaces: 3

Utilities

  • Laundry Features: Washer/Dryer HkUp
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Fee Information

  • Annual Fuel Expense: 2497
  • Trash Expense: 1133
  • Annual Water Sewer Expense: 2925

Schools

  • Elementary School: Willow Crest
  • High School: West Anchorage
  • Middle Or Junior School: Romig

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 8712
  • Mobile Dim Units: Feet
  • Zoning Description: Multi Family Residential
  • Zoning: R2M
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 3
  • Electric Expense: 715
  • Annual Gross Income: 48300
  • Total Actual Rent: 4000

Tax Info

  • Tax Annual Amount: 7874
  • Tax Map Number: N/A
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2023
Closed on
Dec 15, 2023
Sold by
Cook Billie C
Bought by
Tolman Aaron and Tolman Maranda
Seller's Agent
Kathy Geraci
Great Land Property Management, LLC
Buyer's Agent
Huntley & Associates
Keller Williams Realty Alaska Group
List Price
$495,000
Views
72
Current Estimated Value
$510,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.94%
Original Mortgage
$460,750
Outstanding Balance
$453,191
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$56,884

Purchase Details

Closed on
Jul 25, 2003
Sold by
Cook Bill C
Bought by
Hoyt Bonnie Lorraine
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Tolman Aaron -- None Listed On Document
Hoyt Bonnie Lorraine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tolman Aaron $460,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2024 01/05/24 Sold -- -- --
11/27/2023 11/27/23 Pending -- -- --
11/20/2023 11/20/23 For Sale $495,000 0.0% $120 / Sq Ft
10/22/2023 10/22/23 Pending -- -- --
08/30/2023 08/30/23 For Sale $495,000 -- $120 / 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 $8,441 $514,800 $90,900 $423,900
2024 $8,441 $522,800 $90,900 $431,900
2023 $8,193 $481,100 $90,900 $390,200
2022 $7,874 $467,600 $90,900 $376,700
2021 $8,021 $445,100 $90,900 $354,200
2020 $7,538 $443,400 $90,900 $352,500
2019 $7,081 $432,800 $90,900 $341,900
2018 $6,921 $422,000 $85,300 $336,700
2017 $6,765 $432,000 $85,300 $346,700
2016 $5,895 $446,300 $80,200 $366,100
2015 $5,895 $417,400 $80,200 $337,200
2014 $5,895 $400,600 $80,200 $320,400
Source: Public Records

Agents Affiliated with this Home

  • Kathy Geraci

    Seller's Agent in 2024

    Kathy Geraci

    Great Land Property Management, LLC

    (907) 242-5276

    1 in this area

    70 Total Sales

    Kathy Geraci
    Section Image

  • H

    Buyer's Agent in 2024

    Huntley & Associates

    Keller Williams Realty Alaska Group

See All Agents

Map

Source: Alaska Multiple Listing Service

MLS Number: 23-10742

Alaska Multiple Listing Service

APN: 01011636000

Alaska Anchorage Borough Anchorage 99503 Spenard

903 W 40th Ave, Anchorage, AK

This home is located at 903 W 40th Ave, Anchorage, AK 99503 since 23 August 2023 and is currently estimated at $510,075, approximately $124 per square foot. This property was built in 1980. 903 W 40th Ave is a home located in Anchorage Municipality with nearby schools including Willow Crest Elementary School, Romig Middle School, and West High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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 2025 Alaska Multiple Listing Service, Inc. All rights reserved.

Nearby Homes