213 Susieanna Kenai, Alaska 99611: Alaska Real Estate For Sale

IMG_1528Wow! What a great home. This home is located in the heart of Kenai, in one the best neighborhoods around. Next to shopping, schools and even a golf course, you can do what ever your heart desires.

FAMILY ROOM

IMG_1477Lets talk a little about the home. This house is 4 bedroom an 2 and a half  bathrooms on .23 acres. It has a lot of space to entertain with a Wonderful living room that has soaring ceilings and a great fireplace. Attached to the kitchen,that comes with all appliances, is a great formal dining room in a big open area.

UPSTAIRS

IMG_1504

With three bedrooms upstairs this home makes for a great place to have a family. All three bedrooms upstairs have dark laminate floors and are very spacious. The shared upstairs bathroom has double vanity and a door to separate the shower and sinks. All throughout this home are compartments like in the picture above. You can display your family photos or anything you desire.

MASTER BATH

IMG_1487 One very great aspect of this home is the master bedroom. Very spacious master that is located downstairs with lots of windows to let the sun in. Attached is this wonderful bathroom that has a walk in shower, Jacuzzi style tub and a double vanity. The amazing tile work that was done in this bathroom makes it have a very homey feel.

Where to shop for homeowners insurance in Kenai & Soldotna Alaska

Country Financial Leslie Baker 262-2866
43299 Kalifornsky Beach Rd, Ste 18, Soldotna, AK 99669

Walters @ Associates Insurance 283-5116
130 S Willow St #8, Kenai, Alaska 99611

Homer Insurance Center 235-3881
509 Sterling Hwy. Suite 201 Homer Alaska 99603

Alaska USA Insurance: (907) 714-4367
Alaska USA Financial Center
230 Bidarka St., Suite 120, Kenai, AK 99611

State Farm Kenai 283-7166
10735 Kenai Spur Highway, Ste 1, Kenai, AK 99611

State Farm Soldotna 262-4440
35202 Kenai Spur Hwy, Suite 1, Soldotna, AK 99669-7622

Questions to ask when shopping for homeowners Insurance:

  • Is this insurance company dependable?
  • What does this policy cover, and what doesn’t it cover?
  • Should I buy a separate flood and/or earthquake insurance policy?
  • How much stuff do I need to protect?
  • How much is the personal property in my home worth in the event of a total loss?
  • Do I need extra insurance for jewels, toys or guns?
  • What is the rebuilding cost of my home?
  • What is the claims history of my home?
  • How will future claims be handled?
  • How much liability protection do I need?
  • What level of additional living expense coverage do I need? The Additional Living Expenses (ALE) provision is found in standard homeowners insurance policies. It pays for the costs of living away from home if you cannot reside there due to damage from an insured disaster.
  • Do I qualify for any discounts? Discounts are available if you have higher deductibles, smoke detectors, sprinkler systems, fire extinguishers, dead bolt locks, hurricane shutters, or laminated glass.

Rules For Investing In An Alaska Housing Recovery

IMG_0771The Kenai Peninsula housing recovery is in full swing and many investors are considering buying an income property. In the Kenai and Soldotna real estate market single family homes are a popular option. The profit potential in single family homes for investment has been a consistently long-term investment in good and bad economies. They offer investors the opportunity of high loan-to-value mortgages at fixed interest rates for 30 years on appreciating assets, tax advantages and reasonable control that other investments don’t offer.

In 2012 , Warren Buffet said that if he had a way of buying a couple hundred thousand single-family homes, he would load up on them. Blackstone Group L.P. (BX) has now purchased over 30,000 homes and American Homes 4 Rent (AMH) has more than 19,000 for rental purposes. Individual investors actually have an advantage over the institutional investor but if they are not familiar with rental real estate, some basic rules could be very helpful.

Rules to Guide Your Real Estate Investment: Single Family Homes

  • Invest now to get more in the future. Whether it is time, effort or money, the prudent investor is willing to forego immediate gratification for something more at a later date.
  • Real estate is an IDEAL investment. IDEAL is an acronym that stands for income, depreciation, equity build-up, appreciation and leverage.
  • Invest in a alaskan single family homes in predominantly owner-occupied neighborhoods at or below average price range. This strategy should involve homes that will increase in value, rent well and appeal to an owner-occupant in the future who will pay a higher price than an investor.
  • Location, location, location. The same homes in different areas will not behave the same. You can improve the condition, modify the terms or adjust the price but the location can’t be changed.
  • Understand your strategy – buy and sell, buy and hold or buy, rent and hold. These three distinct strategies involve big differences in acquisition, management and taxation.
  • Know where your profit is coming from before you invest. The four contributors to profit are cash flow, appreciation, amortization and tax savings. They don’t contribute equally or the same in all investments.
  • Profit starts with purchase. Buying the property below market value builds profit into the investment initially.
  • Risk is directly proportionate to the reward involved. An investment that has a high degree of upside also will have considerable downside risk.
  • Avoid functional obsolescence unless you have a plan before you buy.The lack of usefulness or desirability of a home that exists when you buy it will still be there when you sell it. Unless it can be cured, it will affect future profit.
  • Good property + good tenant + good management = great investment. These are three solid components for a successful investment.
  • Problems left unresolved have a tendency to get worse. It is generally cheaper in time or money to fix a problem earlier rather than later.

If you’d like more information about the opportunities in our market, contact me. Glenda Feeken RE/MAX of the Peninsula 907 252 2743

 

The Hidden Snags of Selling Kenai River Real Estate

When it comes to selling Kenai River real estate agents are faced with the task of addressing the often unrealistic expectation of the sellers. Too often Kenai River homeowners believe the real estate tales instead of asking for the facts. In this post we will explore a few common misconceptions regarding Kenai River Real Estate. Hopefully this will help our sellers avoid getting caught on a snag.
Soldotna Real Estate For Sale

Kenai River Real Estate Snag #1: The best time to market my home is during the summer.

The numbers don’t add up! In fact over half of the Kenai River real estate sold when the ground was frozen. It is true that May and June are the busiest months with 6 of the 17 recent sales. But 7 of the sales happened before May and only 4 Kenai River homes sold after June.

1st Quarter Sales 5

2nd Quarter Sales 10

3rd Quarter Sales 3

4th Quarter Sales 1

The best time to sell a Kenai River home is starting January 15 after Christmas vacation travel. The bulk of the action happens before the fish start to run. Kenai River home buyers spend a lot of money to live on the river and want to be able to fish. They understand the seasons and plan their shopping around it.

Kenai River Real Estate Snag # 2: The average days on market is 75 days.

On average it takes about 151 days for a Kenai River Home to sell. That does not include the number of expired or cancelled listings. On average it takes two years to sell a river home. Well priced homes in good condition can sell in as little as ten days. Others sit on the market for up to five years while the homeowners fish for a buyer. Year after year they list during the summer and fall off in the winter. When they finally sell you only see the last listing. Not the years or numerous price reductions.

Kenai River Real Estate Snag # 3: People want to spend top dollar to live on the Kenai River.

Over half of the recent Kenai River homes sales were less than $400,000. The Kenai River real estate market is composed of vacation home market, local folks and lodges. Kenai River homes that do sell above $400,000 are contemporary, feature rich homes with upgraded amenities and are in excellent condition. None were fixer uppers and some included furniture, fixtures and equipment.

In the last twelve months 17 river properties closed or are pending.

  • $999,000 to $900,000 – 2 Sales
  • $899,000 to $700,000 – 0 Sales
  • $699,000 to $600,000 – 2 Sales
  • $599,000 to $500,000 – 3 Sales
  • $499,000 to $400,000 – 0 Sales
  • $399,000 to $300,000 – 6 Sales
  • $299,000 to $200,000 – 2 Sales
  • $199,000 to $150,000 – 2 Sales, they have a view of or access to the Kenai River

Kenai River Real Estate Snag #4: It doesn’t matter if I overprice my home. Someone will make an offer.

Home buyers in Kenai and Soldotna don’t negotiate, they buy. It is hard to explain but generally most buyers have an expectation of value and price based upon their research online. Buyers have more information about the sales history and comparable sales than at any point in the history of real estate in this country. They are aggressively comparison shopping homes. Most homes sells for about 97% of asking price.  There were roughly 48 active Kenai River listings and only seventeen sold. The buyers could be picky.

Kenai River Real Estate Snag #5: Buyers want to be on the Kenai River so badly that they will overlook the fact that my house is junk.

At the time I wrote this article there were forty eight Kenai River homes listed for sale. In the last 12 months only 17 actually sold or pended. So we have a 2.8 year supply of Kenai River real estate. Buyers want a quality asset. Kenai River real estate is often an investment or second home. They do not want to buy someone else’s problem. And with a 2.8 year supply of Kenai River Homes they don’t have to settle for subpar properties with construction defects or deferred maintenance.

 

All experienced fishermen know the difference between fishing and catching. Unfortunately many of our local homeowners choose to go fishing instead of selling their Kenai River home. They spend years fishing for buyers before realizing that they are not getting any bites. Only after adjusting the price and condition do most finally land a sale.

 

The Kenai River real estate market is in flux. The low returns for Kenai King Salmon has not helped the sale of high dollar river homes. Most fish charter companies have a very hard time booking Red Salmon only charters. Consequently the Kenai River lodges suffer as well.

 

This is further complicated by sellers setting their pricing and expectation at a very different level than the expectations of buyers, particularly those from the lower 48.  At the same time, buyers are often not familiar with the cost of maintaining the river bank on the Kenai River and are surprised by the continuing regulation and accompanying maintenance.

 

As with all important decisions, knowledge is power. If you have questions on the value of your Kenai River home or are considering buying call us today to get the real story. 907 252 2743

48895 Hoover Street North Kenai Alaska 99635: Real Estate For Sale

North Kenai Home For SaleAre you looking for a home with space for living both inside and out? This North Kenai home for sale is in a secluded corner of Nikiski with a private back yard and plenty of elbow room. The open floor plan is bright and relaxing with a large kitchen and living room with vaulted ceiling.

North Kenai Property For SaleThis North Kenai property is located on 2.27 acres at the end of a street with only a few neighbors. The home has three bedrooms, two full baths and 2,116 square feet of living space. The upper level has the kitchen and living room as well as the master suite. The kitchen has light colored wood cabinets with a well appointed island. The raised back deck is off the dining area and will host a great barbecue. The master suite is large with an ample closet and master bath equipped with a shower and hot tub. Most of the flooring in the home is laminate or tile.

Nikiski Real Estate For SaleThe lower level has two good sized bedrooms with large closets. The bedrooms are off a den with adjoining laundry area and separate full bath with shower/tub combo. The utility room is also on the lower level with an oil fired boiler and boiler mate.

North Kenai Real Estate For SaleThe area schools are North Star Elementary and Nikiski Junior and Senior High school.  This home is ideally suited for a buyer looking for a little elbow room fairly close to Kenai. It is conveniently located to work at the North Kenai Industrial Park.

No Matches Found
 

47215 Eagle Ridge Court Kenai, AK 99611: Kenai Real Estate

Kenai real estate for sale in the pleasant River Hills neighborhood.  This conveniently located area is great for fishing and offers Kenai River views for some homeowners with nicely treed lots for privacy.  Located between the City of Kenai and Soldotna off K-Beach road.

Kenai Real Estate For SaleKenai Real Estate For Sale

Step into this Kenai home’s arctic entry which keeps out the cold and dirt of main living area. The living room has soaring ceiling with T&G wood paneling and wall of windows welcomes in the warm glow of sunshine. The main level has the kitchen, two bedrooms, full bath and laundry. The second story has a private master suite. You have a 289 sq ft garage storage, a large storage shed.  Come view this 1,816 sq ft 3 bedroom, 2 bath home.Kenai Real Estate For Sale

The kitchen is awesome with a high ceiling, light color cabinets and tons of natural light. The large island with a butcher block counter top and 2 ovens make entertaining such a breeze. This home is very charming with a sunny breakfast nook and decorative beams for hanging and training your plants. Kenai Real Estate For Sale

Upstairs in this Kenai property you have a small balcony area overlooking the living room back with space for a reading chair and couch or small work station. The large private master suite is to the rear of the home with very large walk in closet. The master bedroom has doors that open out to a private deck overlooking the treed back yard. The master suite enjoys a private vanity with large counter area and a separate bathroom with a Jacuzzi tub set by a large window and glass shower.

No Matches Found
 

 

 

52850 Kingery Road North Kenai AK 99635: North Kenai Real Estate

Well-built cedar sided North Kenai real estate for sale. This home at 52850 Kingery Road North Kenai, Alaska 99635 is a must see if you need extra rooms for your family. This four bedroom, three bath home has a space for everyone and it even includes an office.

North Kenai Real Estate For Sale

The living and kitchen areas are well appointed with an open concept design. The cabinet are configured to allow for interaction with the living room. The living room has a great custom fireplace with stone wall, very cool.  This North Kenai home also has a deck on the front and back of the home with access to each of the upper bedrooms, living room and kitchen.

North Kenai Real Estate

The two car garage is 600 square feet. You will enjoy summer with a private greet house and .92 acres of space. You also have excellent access the North Kenai Recreation Center with its gym, racket ball court and pool.

North Kenai Home For Sale

36060 Ebb Tide Drive Kenai Alaska 99611: Kenai Home For Sale

Charming Kenai home for sale with warm wood floors, vaulted ceilings and custom curved stair caste. This inviting Kenai home is a little ways out of town on K-Beach but you can still be to Safeway in under ten minutes. This simple home is a delight with natural light on our winter days. This home is not far from cannery road for easy beach access for dip netting, walks and barbecues.

Kenai Home For SaleKenai Home For Sale

  • 2 Bed
  • 1.5 Bath with tub / shower combo
  • 1576 Square feet
  • .95 Acres
  • Natural gas radiant in floor heat.

Kenai Home For Sale

Extras Include:

  • Fire pit
  • Dog kennel
  • Fenced backyard
  • Large storage shed.

Kenai Home For Sale

 

1230 Chinook Drive Kenai Alaska 99611: Kenai Real Estate For Sale

Kenai Real EstateUpscale Kenai real estate for sale minutes from the Pillars boat launch. You will be amazed by the view of the Kenai River valley and enjoy breath taking sunset. This Zimco home was built in 1998 and is healthy and efficient with radiant floor heat and an air exchange.

Kenai Real EstateKenai Real Estate For Sale

This Kenai home is well appointed with a vaulted ceiling the in the living room.  You can take advantage of the large windows to admire the amazing view.  Maple floors in the kitchen and dining area. The master suite is private from the other bedrooms and includes a walk in closet and jetted tub. This home has three bedrooms, two and half baths and 1,632 square feet of living space. The garage has 3 space with a single and double garage doors. The garage square footage is 809 square feet.

Kenai Real Estate
The location is ideal for buyers looking for Kenai real estate with a view and a little privacy. The backyard is well landscaped and drops off a ridge to the Kenai River valley, so you have no neighbors behind you. Located about half way between Kenai and Soldotna off the Spur Highway. You also have convenient access to the pillars boat launch.

Kenai Real Estate
The property is within the city of Kenai so you have paved roads and good snow plowing. Extras include a paved driveway, extra parking next to the 12 x 24 shed and dog run. Laundry is well organized in a separate room. The schools are Kenai Elementary, Middle and High School.  The closest grocery store is Walmart, Safeway or Three Bears but Goign to Soldotna Fred Meyer or Safeway is nearly as close. The location is fairly convenient to the Central Peninsula Hospital.

35500 Poppy Ridge Drive Soldotna, AK 99669: Soldotna Home For Sale


Well located Soldotna home for sale off K-Beach. Situated half way between Kenai and Soldotna near the Kenai Peninsula College and the Red Diamond Center. You have great access to all that the central peninsula offers.  This large home with it’s easy living floor plan is a must see. Paved road all the way to town help keep your car clean.

Soldotna Home For Sale

This well built Soldotna ranch has a clean layout and ready for a new owner.  Configured with three bedroom, two baths and a two car garage.  The living area is spacious and opens to the dining area. The kitchen is well appointed with ample counter space and oak cabinets. The range is natural gas.

Soldotna Home For Sale

The master bedroom is large and private at the rear of the home with its own bath and walk in closet. The other two bedrooms are a good size and one has a large walk in closet.  The master bath is well designed with the toilet and tube separate from the sink.  The hall bath is fairly standard for the area with a shower & tub combination good for children.

Soldotna Home For Sale

This Soldotna home is heated with forced air natural gas. The closest salmon fishing is around the corner down Knackstedt road. The school are k-beach elementary, Soldotna Middle school and Soldotna High School.  The closest pizza is either the Duck Inn or Big Daddy’s Pizza.

No Matches Found