Glacier City Real Estate News 3rd Quarter 2016

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Glacier City Real Estate News Thirty fourth edition, October 2016 3rd Quarter 2016 Property Sales Report Girdwood / Turnagain Arm July 1 - September 30, 2016

Eight homes, six condos and one vacant lot sold between July 1st and September 30th, 2016.

!H o m e

Sales - 1137 Alyeska Highway went up for sale April 8th and sold 125 days later. This small dry cabin features a privacy fence and perennial flower/rock garden. In 2014, an addition and a new roof were installed. Vacant lots often sell for as much, if not more, as this property did with a cabin. 1818 Alyeska Highway came on market January 20th and sold 139 days later. This custom log home was built and sold by the original owner/builders. It features in-floor radiant heat, Brazilian Cherry hardwood floors, custom tiled baths and a private deck overlooking the beaver ponds with an unobstructed view of Mt. Alyeska. Rarely does a two-bedroom home in Girdwood sell in this price range. A private drive, large .8 acre lot, plus the quality of construction contributed to the desirability of this property. 2864 Alyeska Highway listed March 1st and sold after 138 days. The original cabin was lifted and placed on a conventional foundation and the property is within walking distance to the Daylodge. This is definitely one of Property Address Girdwood, AK

those properties many second home owners look closely at due to its nightly rental potential. 196 Crystal Mountain Road listed in MLS April 15th and sold 21 days later. This unique property features two separate living spaces, two kitchens, vaulted ceilings, a two-car pull thru tandem carport and tons of parking. It is located directly off Crystal Mountain Road above Arlberg and within easy walking distance to Chair 3, Challenge and the Sitzmark. 171 Doran Lane came on market June 22nd and sold in 1 day. This is another small dry cabin located down valley. It features wood floors, a wood stove, new windows, new front door and a small sleeping loft. 174 Stowe Circle was listed on July 15th and sold the same day. This home is tucked away on Stowe Circle and features an open living area with built-in dining, wood flooring and a large covered deck. 540 Timberline Drive became available May 11th and sold after 7 days. This property has a proven track record in the nightly rental pool and sold turnkey furnished. Recent improvements include an expanded deck, natural gas outdoor heater and a hot tub. 658 Sproat Road was listed March 16th and pended after 137 days. This property has great B&B potential with additional living space on the first floor. The main living area is

Last Active List Price

Days on Market

Bed / Bath

Lot / Res SF

1137 Alyeska Highway

$129,000

125

2/0

10,400 / 536

1818 Alyeska Highway

$585,000

139

2 / 1.75

34,983 / 2,464

2864 Alyeska Highway

$374,000

138

4/1

12,270 / 1,546

196 Crystal Mountain Road

$595,000

21

4 / 2.75

12,500 / 2,392

171 Doran Lane

$133,000

1

1/0

4,950 / 350

174 Stowe Circle

$519,000

0

3/2

24,089 / 1,782

540 Timberline Drive

$479,000

7

3 / 1.75

14,846 / 1,592

658 Sproat Road

$530,000

137

6 / 3.5

17,420 / 2,660

244 Olympic Mountain Loop #308S

$159,000

41

0/1

Condo / 520

244 Olympic Mountain Loop #408S

$295,000

0

2/2

Condo / 1,075

2876 Alyeska Highway #2

$329,000

86

2 / 1.5

Condo / 934

380 Hightower Road #4

$399,900

94

2 / 2.5

Condo / 1,534

340 Hightower Road #A301

$325,000

358

2/2

Condo / 1,087

350 Hightower Road #C303

$299,000

399

2/2

Condo / 990

L4 Flyfishing Lane

$149,000

504

Vacant Land

14,958 / 0

open and has lots of natural light. These 8 homes sold for an average of 95% of their last active list price after an average of 71 days on market.

!

Condo Sales - 244 Olympic Mountain Loop #308S (Alyeska South Olympic) This ground floor studio (no bedroom) listed May 31st and sold after 42 days on market. This unit is updated and one of the few original condo associations (North, South, East and West) that has not lost parking due to recent road improvements. 244 Olympic Mountain Loop #408S (Alyeska South Olympic) This is a “stats only” sale where the MLS member provided the information for use as a comparable sale, however the property was not listed in MLS prior to being sold. It sold with 0 days on market and there were no pictures. Recently instituted MLS rules require at least one photo for every listing. 2876 Alyeska Highway (Alyeska View) This property went up for sale April 13th and sold 86 days later. Tongue and groove vaulted ceilings, a beautifully remodeled kitchen with island, hardwood floors and a sauna really make this property special. Note: This is one of only two duplex condos in Girdwood, making it a rare find indeed. It’s also located relatively close to the Daylodge.

1137 Alyeska Hwy.

1818 Alyeska Hwy.

2864 Alyeska Hwy.

196 Crystal Mtn.

171 Doran Lane

174 Stowe Circle

540 Timberline

658 Sproat Rd.

244 Olympic Mtn 308S & 408S

2876 Alyeska #2

380 Hightower #4

340 Hightower A301 350 Hightower C303

907-783-1910 / info@glaciercityrealty.com | Sam Daniel, Broker 907-227-4626 | Loretta Daniel, Realtor 907-227-4142 | Rebecca Reichlin, Associate Broker 907-441-8125 Jackie Collins, Realtor 907-947-0494 | Michael Kesler, Realtor 907-250-0702 | Lars Danner, Realtor 907-575-5552 | Dawn Danner, Realtor 907-575-0550


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