13410 Venus Way
Anchorage, AK 99515
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Offered at: $435,500
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4 Bedrooms
1 Full Bath
1250 Sq Ft
28,300 Sq Ft Lot (0.65 Acre)
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Selling as part of an Estate Sale.
For Sale By Owner.
Selling As-Is.
Rehab with Deferred Maintenance.
Cash buyer preferred.
Owner Financing is an option.
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One-story 4BR/1BA, 1,250 sqft ranch home on a 0.65-acre lot. A larger lot stretching from Venus Way to Jarvi Drive, zoned R1A. Built in 1964 with a large kitchen and bathroom, a wood-burning fireplace, an arctic entry, an attached 2-bay carport, a large driveway that can accomodate 6+ parked vehicles, RV parking, fenced yard, no HOA, Ocean View Park across the street and views of Chugach Mountains, including Flattop Mountain. This property has lots of potential! You can add additional housing to the lot, like a 900sqft ADU (Accessory Dwelling Unit). Only one ADU is allowed.
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My dad bought this property cash in 2009, to be used as a rental home. He added a storage shed and a large garage that can accommodates 4 vehicles, in 2010, for his own personal use. The large garage and storage shed are on their own electrical meter together, separate from the main house. So the property has two electrical meters. Additionally, my dad had over 100 trees cut down and replaced with grass, bought a new John Deere sitdown lawnmower housed in the storage shed, resurfaced the large driveway, replaced a leaky flat roof on the 2-bay carport with a pitched roof, and replaced the furnace and water heater. The water heater was last replaced in 2018 and the control panel on the furnace was replaced in 2022.
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With a 20 year-old roof (2005), a dated kitchen and bathroom, a bathroom floor that needs repair, and a fireplace and chimney that needs repair, this is a Rehab project!
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The property is priced below the 2025 Tax Assessed Value of $438,300. The tax assessor assigned to this property in 2023, 2024 and 2025, was invited to see the house in-person in January 2024 and was emailed the 2022 Home Inspection Report and 2023 Structural Report, before issuing the 2024 Tax Assessed Value.
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I have underpriced the property. The Asking Price of $435,500 is below market value, using comparative market analysis (CMA). This house and property has an After Repair Value (ARV), in the six hundred thousand range.
I met up with Ralphie Morel, a realtor & listing specialist, January 17th. Prior to arriving, Ralphie reviewed the 2022 Home Inspection Report and 2023 Structural Report. We established the current CMA (comparative market analysis) together. We used a variety of variables on the FlexMLS. One good example is we found no property in Anchorage, with a 3-car garage and 0.50 acres, that has sold in the last 6 months for less than $690,000. This property is 0.65 acres and has a large garage that can accommodate 4 vehicles, a 2-bay carport, and a large driveway that can accommodate 6+ parked vehicles. I had previously been saying this house and property have an After Repair Value (ARV) of $595,000. We established an ARV in the six hundred thousand dollar range.
On September 18th, I met up with Sid Martin, a general contractor who was recommended to me, with offices in 7 states, headquartered in Anchorage. He met me at the property in September, to establish a repair cost. Prior to arriving, Sid reviewed the 2022 Home Inspection Report and 2023 Structural Report.
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I have experience selling a house For Sale By Owner. I want to work with Alyeska Title Guaranty Agency Inc, to close the transaction. Alyeska Title would help both the Buyer & Seller with the Closing documents, to complete the transaction.
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Call or text me to schedule a private showing.
