FOR SALE
$129,900

8501 Paine,
Anchorage AK 99516

Single Family
Multi Level
3Bd 2.0Ba 2,932 Sq. Ft
17-90
MLS ID
17-90
Property ID
  Listing Office: Shane Blattler - JACK WHITE REAL ESTATE
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. Needs significant repairs to foundation. Failed septic. Needs new boiler and several other repairs. Seller is the Secretary of Veterans Affairs. Sold for cash (only) and sold strictly as-is.

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

MLS #
Property ID
17-90
Property Type
Single Family, Multi Level
Bedrooms
3
Municipality
County
Anchorage Municipality
Bathrooms
2
Lot Size
0.45 Acres
Square Feet
2,932 (approx)
Year Built
1981
Construction
Wood Frame
Water
Well Private
Sewer
Septic
Water
Well Private
Sewer
Septic
School Information
Elementary
BEAR VALLEY
Middle
GOLDENVIEW
High
SOUTH ANCHORAGE
Room Information

First Floor Bedroom
Dining Area
Interior Features
Carbon Monoxide Detector, Range-Oven
Carpet
Ceiling Fan(s)
Gas Heat
3
Cathedral/vaulted Ceiling
Exterior / Lot Features
No Covered Parking, RV Parking
Deck/Patio
Asphalt Shingle
City, Mountain, View
Private Yard, Shed
Driving 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.
  Shane Blattler -  JACK WHITE REAL ESTATE - IDX provided courtesy of Realcomp II Ltd., via Xome Inc. and , Copyright 2016 Realcomp II Ltd. Shareholders
Listing Courtesy of: Shane Blattler - JACK WHITE REAL ESTATE
Price History
Listing Price History for 8501 Paine
Price History
Date
Event
Price
Source
07/23/2017
Active
$129,900 -23.54%
MLS
07/12/2017
Active
$169,900
MLS
04/26/2017
Pending
$169,900 -10.53%
MLS
02/03/2017
Active
$189,900 -4.69%
MLS
01/03/2017
Active
$199,250
MLS
06/30/2016
Grant Deed
$0
Public Records
06/21/2016
Trustee's Deed Upon Sale
$189,112
Public Records
08/05/2008
Grant Deed
$0
Public Records
Tax History
Year
Property Taxes
Change
Tax Assessment
Change
2017
$5,552
$360,300
2016
$5,095
$353,600
2015
$4,826
$336,300
2014
$4,860
$334,500
2013
$5,146
$346,300
Source: Public Records
Average High Rent $3,200/mo.
Average Median Rent $2,588/mo.
Average Low Rent $1,850/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
1162.16 13945.95
Est. Cap Rate
  15.32
Est. Cash on Cash Return
  53.68
Est. Gross Yield
  23.19
NEARBY SCHOOLS
School Rating Out of 10
Grades
Distance
Public Schools
9 Goldenview Middle School
7-8
2.02 mi
9 South Anchorage High School
9-12
3.70 mi
Private Schools
NR Grace Christian School
K-12
4.26 mi
NR Rock Christian School
K-6
4.41 mi
NR St Elizabeth Ann Seton School
K-6
4.61 mi
Data Provided by GreatSchools.org
Drive Time
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Walk Score
People
Zip
City
County
National
Population
21,671
298,695
298,695
321,418,820
Population Density
504
175
175
89
People per Household
3.1
2.8
2.8
2.6
Median Age
41.8
32.6
32.6
37.4
Median Household Income
$146,285
$78,121
$78,121
$53,482
Average Income
$55,996
$36,508
$36,508
$28,555
Economy
Zip
City
County
National
Unemployment
5.70%
5.70%
5.70%
5.20%
Recent Job Growth
0.20%
0.20%
0.20%
1.60%
Future Job Growth
34.60%
34.60%
34.60%
38.00%
Sales Tax
0.00%
0.00%
0.00%
6.00%
Income Tax
0.00%
0.00%
0.00%
4.60%
Cost of Living Index
162.5
135.2
135.4
100
Environment
Zip
City
County
National
Altitude
461
215
2498
1443
Rainfall (inches annually)
18.7
21.7
21.3
39.2
Snowfall (inches annually)
168.1
112.5
107.3
25.8
January Avg. Low Temp
14.2
9.9
9.6
22.6
July Avg. High Temp
58.2
66.7
66.8
86.1
Days of Precipitation Annually
166
122
121
102
Days Mostly Sunny Annually
126
126
126
205
Comfort Index (during hot weather)
39
44
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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Courtesy: JACK WHITE 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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