SOLD

40589 Morning Star,
Homer AK 99603

Single Family
Other
2Bd 2.0Ba 1,874 Sq. Ft
16-7452
MLS ID
16-7452
Property ID
  Listing Office: Karen Marquardt - KACHEMAK GROUP REAL ESTATE
Elegant custom home in exquisite private setting on Homer's Garden Bench in the prestigious Kachemak Estates Subdivision. Enjoy spectacular views, a gourmet kitchen, large loft/hobby room and spacious decks for entertaining and watching the gorgeous sunrises & sunsets over Kachemak Bay. PLUS a beautiful 560 sq.ft. heated shop and a 192 sq.ft. greenhouse. Extensive landscaping, a Birder's paradise!

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

MLS #
Property ID
16-7452
Property Type
Single Family, Other
Bedrooms
2
Municipality
County
Kenai Peninsula Borough
Bathrooms
2
Lot Size
1.85 Acres
Square Feet
1,874 (approx)
Year Built
2009
Construction
Wood Frame
Water
Holding Tank
Sewer
Septic
Builder
Beachy Construction
Foundation
Slab
Water
Holding Tank
Sewer
Septic
School Information
Elementary
PAUL BANKS/HOMER
Middle
HOMER
High
HOMER
Room Information

First Floor Bedroom
Dining Area
Interior Features
Carbon Monoxide Detector, Dishwasher, Disposal, Microwave, Range-Oven, Refrigerator, Trash Compactor, Washer/Dryer
Ceiling Fan(s)
Gas Heat, Electric Heating, Oil, Wood,Radiant, Floor Furnace, Stove
Smoke Alarm, Cathedral/vaulted Ceiling, Washer/dryer Hookup, Window Coverings
Exterior / Lot Features
2 Garage Spaces,No Covered Parking, Attached Garage
Deck/Patio
Asphalt Shingle
Bay, Mountain, View
Creek, Barn, Greenhouse, Landscaped, Private Yard, Satellite Dish, TV Antenna,Covenants/Restructions
Driving Directions
East End Road to left on Morning Star Road (just past Wasabi's restaurant). Follow Morning Star to very top. Home is last one on the left-hand-side.
Financial Considerations
$100
$2,957
2015
  Karen Marquardt -  KACHEMAK GROUP REAL ESTATE - IDX provided courtesy of Realcomp II Ltd., via Xome Inc. and , Copyright 2016 Realcomp II Ltd. Shareholders
Listing Courtesy of: Karen Marquardt - KACHEMAK GROUP REAL ESTATE
Price History
Listing Price History for 40589 Morning Star
Price History
Date
Event
Price
Source
06/06/2016
Pending
$529,000
MLS
05/12/2016
Active
$529,000
MLS
Tax History
Year
Property Taxes
Change
Tax Assessment
Change
2017
$500,700
2016
$2,413
$309,300
2015
$2,957
$379,100
2014
$2,565
$328,800
2013
$2,589
$331,900
Source: Public Records
Average High Rent $1,580/mo.
Average Median Rent $997/mo.
Average Low Rent $790/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
-1615.69 -19388.33
Est. Cap Rate
  0.92
Est. Cash on Cash Return
  -18.33
Est. Gross Yield
  2.06
NEARBY SCHOOLS
School Rating Out of 10
Grades
Distance
Public Schools
4 Homer Flex School
9-12
4.31 mi
Data Provided by GreatSchools.org
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Walk Score
People
Zip
City
County
National
Population
9,894
5,515
58,059
321,418,820
Population Density
9
378
4
89
People per Household
2.5
2.4
2.5
2.6
Median Age
39.1
39.8
40.5
37.4
Median Household Income
$56,320
$54,778
$63,099
$53,482
Average Income
$30,175
$31,237
$31,611
$28,555
Economy
Zip
City
County
National
Unemployment
7.70%
7.70%
7.70%
5.20%
Recent Job Growth
0.00%
0.00%
0.00%
1.60%
Future Job Growth
28.70%
28.70%
28.70%
38.00%
Sales Tax
3.00%
7.50%
3.00%
6.00%
Income Tax
0.00%
0.00%
0.00%
4.60%
Cost of Living Index
115.2
114
108.8
100
Environment
Zip
City
County
National
Altitude
149
106
1958
1443
Rainfall (inches annually)
37.3
37.3
42.2
39.2
Snowfall (inches annually)
93.4
93.4
89.9
25.8
January Avg. Low Temp
20.2
20.2
11.9
22.6
July Avg. High Temp
65.5
65.5
64.5
86.1
Days of Precipitation Annually
143
143
126
102
Days Mostly Sunny Annually
140
135
135
205
Comfort Index (during hot weather)
47
47
44
54
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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How Would You Like to Be Contacted?

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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