SOLD
1385 Cottonwood,
Homer AK 99603
4Bd 3.0Ba 3,400 Sq. Ft
Single Family
Other
MLS ID
15-10189
Property ID
15-10189
Test Ph No Larry W.
Test Ph No Viola R.
  Listing Office: Terry Yager - KACHEMAK GROUP REAL ESTATE  907-235-7733
Listing Courtesy of:  - 
East Hill beauty tucked in the trees. Large family home has it all along with incredible views of Kachemak Bay. Energy efficient 2x8 construction.2 rock fireplaces & a wood stove. Prop includes 1344 sq ft wood frame shop w/12x14 door. Something for everyone. Please contact list licensee for very specific offer instructions as required by seller Penny Mac. Being sold as-is subject to price increase

LISTING INFORMATIONActive Closed Pending Sold Under Contract
Originating MLS:
Source MLS: Alaska Multiple Listing Service Inc

MLS #
Property ID
15-10189
Property Type
Single Family, Other
Bedrooms
4
Municipality
County
Kenai Peninsula Borough
Bathrooms
3
Lot Size
1.16 Acres
Square Feet
3,400 (approx)
Year Built
1992
Stories
3
Construction
Wood Frame
Water
Well Private
Sewer
Septic
Foundation
Wood, Concrete Block
Water
Well Private
Sewer
Septic
Available Utilities
Cable TV, DSL Available, Telephone
School Information
Elementary
PAUL BANKS/HOMER
Middle
HOMER
High
HOMER
Room Information

Family Room
Dining Area
Interior Features
Central Vacuum, Carbon Monoxide Detector, Dishwasher, Range-Oven
Carpet
Ceiling Fan(s)
Electric Heating, Oil, Propane, Wood,Baseboard, Stove
Fireplace
Hydro Tub, Smoke Alarm, Cathedral/vaulted Ceiling, Washer/dryer Hookup
Exterior / Lot Features
1 Garage Spaces,No Covered Parking, Tenant Parking - Unassigned
Deck/Patio
Asphalt Shingle
Bay, City, Mountain, Ocean, View
Barn, Private Yard,In City, Corner, Dedicated Road, Government Maintained Road, Covenants/Restructions
Driving Directions
East Hill Road, R on Cottonwood Lane, Prop on the corner of Cottonwood & Janeview.
  Terry Yager -  KACHEMAK GROUP REAL ESTATE - IDX provided courtesy of Realcomp II Ltd., via Xome Inc. and , Copyright 2016 Realcomp II Ltd. Shareholders
Listing Courtesy of: Terry Yager - KACHEMAK GROUP REAL ESTATE
Price History
Listing Price History for 1385 Cottonwood
Price History
Date
Event
Price
Source
06/23/2016
Pending
$364,000
MLS
04/27/2016
Active
$364,000 -6.43%
MLS
04/21/2016
Active
$389,000 +11.17%
MLS
11/05/2015
Active
$349,900 -5.43%
MLS
09/08/2015
Active
$370,000 -7.48%
MLS
07/01/2015
Active
$399,900
MLS
Tax History
Year
Property Taxes
Change
Tax Assessment
Change
2016
-
-
$383,100
-18.14%
2015
$5,288
+27.67%
$468,000
+15.67%
2014
$4,142
-5.82%
$404,600
-1.12%
2013
$4,398
-
$409,200
-
Source: Public Records
Average High Rent $2,005/mo.
Average Median Rent $1,666/mo.
Average Low Rent $1,129/mo.

Rent estimates based on 60 comparable rental listings with matching bedrooms and approx. size in 2 mile radius.

Rental Data Provided by Rent Range

Purchasers are required to conduct their own due diligence and validation.

 
Monthly Yearly
Est. Cash Flow
-179.91 -2158.98
Est. Cap Rate
  3.99
Est. Cash on Cash Return
  -2.97
Est. Gross Yield
  5.01
NEARBY SCHOOLS
School Rating Out of 10
Grades
Distance
Public Schools
9 Homer High School
9-12
1.54 mi
9 Homer Middle School
7-8
2.74 mi
9 West Homer Elementary School
3-6
2.94 mi
Data Provided by GreatSchools.org
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Walk Score
People
Zip
City
County
National
Population
9,518
5,050
55,474
309,138,711
Population Density
9
365
4
88
People per Household
2.3
2.3
2.4
2.6
Median Age
40.9
41
40.9
37.2
Median Household Income
$51,875
$52,535
$59,421
$53,046
Average Income
$29,263
$30,913
$30,789
$28,051
Economy
Zip
City
County
National
Unemployment
7.60%
7.60%
7.60%
6.30%
Recent Job Growth
1.74%
1.74%
1.74%
1.18%
Future Job Growth
35.90%
35.90%
35.90%
36.10%
Sales Tax
3.00%
7.50%
3.00%
6.00%
Income Tax
0.00%
0.00%
0.00%
4.72%
Cost of Living Index
131.6
129.7
125.4
100
Environment
Zip
City
County
National
Altitude
149
106
1958
1443
Rainfall (inches annually)
24.7
24.7
26.1
36.5
Snowfall (inches annually)
54.9
54.9
69.4
25
January Avg. Low Temp
16.7
16.7
10.2
20.5
July Avg. High Temp
61
61
63
86.5
Days of Precipitation Annually
143
143
126
100
Days Mostly Sunny Annually
140
135
135
205
Comfort Index (during hot weather)
93
92
92
44
Broker: Viola Robinson
Viola.Robinson@xome.com
Broker: Jonathan Cerreta
Jonathan.Cerreta@xome.com
Xome Broker: Larry White Jr.
(602) 206-1262

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Courtesy: KACHEMAK GROUP REAL ESTATE
Patrick G. "Gabe" Stephan, AK License #7676, Xome Inc., Entity #10010943, patrick.stephen@Xome.com, 844-400-9663 3801 Centerpoint Drive, Suite 200, Anchorage, AK 99503


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