Check Availability

2531 Lake Otis Parkway

2531 Lake Otis Parkway, Anchorage, AK 99508
Property in Anchor Park
Sold Oct 03, 2022
$199,500
$150,000 by Nuvision Federal Credit Union
Mortgage Due Nov 01, 2052
Sold Jan 18, 2001
$121,100
$119,524 by Pacific Alaska Mtg
Mortgage Due Feb 01, 2031
Local assessors in Anchorage, AK have categorized 2531 Lake Otis Parkway as a residential type of property. The home was built in 1952 and is 72 years old. It was most recently renovated and altered in 1957. The property's lot size has been calculated to be 5,040 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2531 Lake Otis Parkway has a total of 988 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2531 Lake Otis Parkway was last sold in Sep 27, 2022 for $199,500. According to our calculations, that's $201.92 per sqft. Prior to that sales transaction, the property was sold for $121,100 in Jan 17, 2001. Current property owners are expected to pay $3,491 in taxes per year. The property on 2531 Lake Otis Parkway was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $205,000. To break that down further, the land itself was valued at $74,000. While improvements to the property were assessed at a total of $131,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,040
  • Total Building Area: 988
  • Gross Building Area: 988
  • Building Area: 988
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 988
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: ANCHOR PARK
  • Land Acres: 0.116
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ANCHOR PARK BLK 2 LT 23

Ownership

  • Current Owner : LAFEVER MARGARETT NADENE
  • Current Owner 2: LAFEVER MARGARET N
  • Previous Owner : LAFEVER MARGARET N
  • Previous Owner 2: LAFEVER DAVID A
  • Owner Before Previous Owner: FOOTE GARY E
  • Owner Before Previous Owner 2: FOOTE TAWNYA M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Anchorage School District
  • Census Tract: 001601

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: SW1534
  • Parcel: 004-163-23-000
  • Block: 2
  • Lot: 23
  • Municipality: CITY/ANCHORAGE
  • Latitude: 61.1975
  • Longitude: -149.838

    Address

  • Full Address: 2531 Lake Otis Pkwy
  • Address - House Number: 2531
  • Address - Street Name: Lake Otis
  • Address - Suffix Type: Pkwy
  • State: AK
  • City Name: Anchorage
  • Carrier Code: C004
  • 4-Digit Zip Code: 4107
  • Zip Code: 99508

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,491
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.1865
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 75
  • Final Value: 315,040
  • High Value: 373,798
  • Low Value: 256,281

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $150,000
  • First Open Lien Mortgage Lender: NUVISION FEDERAL CREDIT UNION
  • First Open Lien Mortgage Recording Date: Oct 03, 2022
  • First Open Lien Mortgage Loan Amount: $150,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2052

    Market Valuation

  • Market Total Value: $205,000
  • Market Land Value: $74,000
  • Market Improvement Value: $131,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $205,000
  • Assessed Land Value: $74,000
  • Assessed Improvements Value: $131,000

    Sales

  • Current Sale Contract Date: Sep 27, 2022
  • Current Sale Recording Date: Oct 03, 2022
  • Current Sale Transaction ID: 11896634090
  • Current Sale Price: $199,500
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 36016
  • Previous Sale Recording Date: Jan 18, 2001
  • Previous Sale Contract Date: Jan 17, 2001
  • Previous Sale Amount: $121,100
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NUVISION FEDERAL CREDIT UNION
  • First Mortgage Transaction Date: Oct 03, 2022
  • First Mortgage Loan Amount: $150,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: PACIFIC ALASKA MTG
  • Previous Mortgage Transaction Date: Jan 18, 2001
  • Previous Mortgage Loan Amount: $119,524
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Feb 01, 2031

About Airport Heights



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 2531 Lake Otis Parkway located in?
The 2531 Lake Otis Parkway is a located in the neighborhood of Anchor Park in Airport Heights, Anchorage.
What is the average sales price for listings in 2531 Lake Otis Parkway?
The average sales price for units in 2531 Lake Otis Parkway is $0 currently.

Quantcast