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506 Tower Road

506 Tower Road, Ketchikan, AK 99901
Sold Dec 29, 2010
$140,000
$112,000 by Alaska Pacific Bank
Mortgage Due Jan 01, 2026
Local assessors in Ketchikan, AK have categorized 506 Tower Road as a residential type of property. The home was built in 1955 and is 69 years old. The property's lot size has been calculated to be 7,604 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 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 are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 506 Tower Road has a total of 1,308 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. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 966 sqft. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. 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 - D. The building has a roof that is made of metal. Lots of shingles that aren't wood were used in the construction of the exterior walls of the home. Residents rely on a chilled water air conditioning system for their cooling system. The home's baseboard heaters is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 506 Tower Road was last sold in Dec 23, 2010 for $140,000. According to our calculations, that's $107.03 per sqft. Current property owners are expected to pay $1,207 in taxes per year. The property on 506 Tower Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $252,300. To break that down further, the land itself was valued at $75,800. While improvements to the property were assessed at a total of $176,500. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Quality: D
  • Exterior Walls Type: Single (not wood)
  • Roof Cover Type: Metal
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 966
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,604
  • Total Building Area: 1,308
  • Gross Building Area: 1,348
  • Building Area: 1,308
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Chilled water air conditioning system
  • Heating: Baseboard
  • Heated Square Feet: 1,308
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CITY
  • Land Acres: 0.175
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ALL LOT 51, OF U.S. SURVEY 1587, ACCORDING TO THE OFFICIAL PLAT THEREOF DATED JANUARY, 1955 AND FILED IN THE OFFICE OF THE DISTRICT MAGISTRATE, ON APRIL 11, 1955 IN PACKET NO. 11; KETCHIKAN RECORDING DISTRICT, FIRST JUDICIAL DISTRICT, STATE OF ALASKA

Ownership

  • Current Owner : ANDREW RICHARD D
  • Current Owner 2: ANDREW THELMA K
  • Previous Owner : ANDREW RICHARD D
  • Previous Owner 2: KATHRYN ANDREW T

Neighborhood

  • School District Name: Ketchikan Gateway Borough School District
  • Census Tract: 000200

Zoning

  • Zoning: RM

Geography

  • Assessors Map Reference: 1222
  • Account Number: 602364
  • Parcel: 01-1222-004100
  • Lot: 51
  • Municipality: CITY OF KETCHIKAN
  • Latitude: 55.3613
  • Longitude: -131.692

    Address

  • Full Address: 506 Tower Rd
  • Address - House Number: 506
  • Address - Street Name: Tower
  • Address - Suffix Type: Rd
  • State: AK
  • City Name: Ketchikan
  • Carrier Code: C004
  • 4-Digit Zip Code: 5359
  • Zip Code: 99901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,207
  • Tax Rate Code Area: 01

    Appraisal Valuation

  • Standard Deviation: 0.275
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 60
  • Final Value: 406,559
  • High Value: 518,381
  • Low Value: 294,737

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $112,000
  • First Open Lien Mortgage Lender: ALASKA PACIFIC BANK
  • First Open Lien Mortgage Recording Date: Dec 29, 2010
  • First Open Lien Mortgage Loan Amount: $112,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2026

    Market Valuation

  • Market Total Value: $252,300
  • Market Land Value: $75,800
  • Market Improvement Value: $176,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $252,300
  • Assessed Land Value: $75,800
  • Assessed Improvements Value: $176,500

    Sales

  • Current Sale Contract Date: Dec 23, 2010
  • Current Sale Recording Date: Dec 29, 2010
  • Current Sale Transaction ID: 1356839045
  • Current Sale Price: $140,000
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 2010-004252-0

    Last Sale Mortgage

  • First Mortgage Lender: ALASKA PACIFIC BANK
  • First Mortgage Transaction Date: Dec 29, 2010
  • First Mortgage Loan Amount: $112,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2026

About Ketchikan



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Frequently Asked Questions

What neighborhood is 506 Tower Road located in?
The 506 Tower Road is a located in the neighborhood of Ketchikan Gateway in Ketchikan, Ketchikan.
What is the average sales price for listings in 506 Tower Road?
The average sales price for units in 506 Tower Road is $0 currently.

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