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627 West 3rd Avenue

627 West 3rd Avenue, Anchorage, AK 99501
1 Units For Sale
Unit for sale at 627 W 3rd Avenue, Anchorage, AK 99501

$650,000 ↓ $25K

  • Commercial
  • 2,140 ft²
627 W 3rd Avenue, Anchorage, AK 99501 Listing by Joseph Miller

627 West 3rd Avenue has been categorized by the local assessors in Anchorage, AK as a commercial type of property. The building on the property was first built in 1960 and is 64 years old. However, we must point out that the home was most recently renovated and altered in 1970. The building has a total of 2 stories. In addition, 627 West 3rd Avenue has 1,300 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,262 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The exterior walls of the building are made of wood. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Current property owners are expected to pay $7,996 in taxes per year. The property on 627 West 3rd Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $469,500. To break that down further, the land itself was valued at $310,400. While improvements to the property were assessed at a total of $159,100. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged.

Building Features

Exterior

Wood Exterior
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230126
01/26/2023
Loft
-
2140 ft²
$900,000
bedrooms
Loft
bathrooms
-
square feet
2140 ft²
-
-
-
Joseph Miller
RE/MAX Dynamic Properties

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1970
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Business/Commerical Units Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 840
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,262
  • Total Building Area: 1,300
  • Gross Building Area: 1,335
  • Building Area: 1,335
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,300
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Commercial
  • Subdivision: US SURV 409
  • Land Acres: 0.121
  • Standard Land Use Code: Restaurant
  • Legal Description 1: ORIGINAL BLK 16 LT 20 E48 (USS 409)

Ownership

  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Anchorage School District
  • Census Tract: 001100

Zoning

  • Zoning: B2C

Geography

  • Assessors Map Reference: SW1230
  • Parcel: 002-107-12-000
  • Block: 16
  • Lot: 20
  • Municipality: CITY/ANCHORAGE
  • Latitude: 61.2197
  • Longitude: -149.895

    Address

  • Full Address: 627 W 3rd Ave
  • Address - House Number: 627
  • Street Direction: W
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: AK
  • City Name: Anchorage
  • Carrier Code: C092
  • 4-Digit Zip Code: 2124
  • Zip Code: 99501

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,996
  • Tax Rate Code Area: 1

    Market Valuation

  • Market Total Value: $469,500
  • Market Land Value: $310,400
  • Market Improvement Value: $159,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $469,500
  • Assessed Land Value: $310,400
  • Assessed Improvements Value: $159,100

About Downtown Anchorage



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Frequently Asked Questions

What neighborhood is 627 West 3rd Avenue located in?
The 627 West 3rd Avenue is a located in the neighborhood of Downtown Anchorage in Downtown Anchorage, Anchorage.
How many listings are currently for sale in 627 West 3rd Avenue?
There is a listing currently on the market for sale.
What is the average sales price for listings in 627 West 3rd Avenue?
The average sales price for units in 627 West 3rd Avenue is $650,000 , or $304/sqft. currently.

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