1. < 3rd E Ave

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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

522 E 3rd Ave Anchorage, AK 99501

4 Beds 3 Baths 1,023 sqft Built 1948
Last updated:  May 30, 2018

INVESTimate

$323,559

$275K - $372K

Price Est.

$1,949

$1.8K - $2.1K

Rent Est.

$102,097

Investment Est.

$336,469  ( +3.99%)   1 YR EST. FORECAST

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522 E 3rd Ave PROPERTY INFO

FACTS
  • Built In 1948
  • Price/Sqft : $316.28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,023 sqft
  • Baths : 2 Full 1 Half

522 E 3rd Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
DENALI MONTESSORI SCHOOL Primary Alternative 421 26 7
DENALI MONTESSORI SCHOOL Middle Alternative 421 26 7
WEST HIGH SCHOOL High Regular 1,840 85 6

DENALI MONTESSORI SCHOOL

  • Education Level: Primary
  • # of students: 421
  • # of teachers: 26
7
GreatSchools Rating

DENALI MONTESSORI SCHOOL

  • Education Level: Middle
  • # of students: 421
  • # of teachers: 26
7
GreatSchools Rating

WEST HIGH SCHOOL

  • Education Level: High
  • # of students: 1,840
  • # of teachers: 85
6
GreatSchools Rating
 

Financial Details

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Neighborhood

Downtown Anchorage

  • 1,952

    POPULATION

  • 817

    HOUSEHOLDS

  • 70.1%

    WHITE COLLAR

Neighborhood : Downtown Anchorage

HOUSEHOLDS
817
POPULATION

1,952

75.8%Renters
24.2%Home Owners
LABOR FORCE

 

70.1%White Collar
29.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 50% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,949 per month.

MY RENT : $1,949 MEDIAN RENT : $1,496

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 2.0%
$1,000-1,499 48.5%
>=$1,500 49.5%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,949 would therefore be considered affordable for annual household incomes greater than $77,960 (12 months x 3.333 x $1,949).

Rent % Affordability
Above $500 72.5%
Above $700 64.4%
Above $1,100 45.8%
Above $1,500 40.3%
Above $1,900 32.7%
HOUSEHOLD INCOME RANGE

Approximately 184 of households in this neighborhood have a total annual income of $77,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,949 per month.

MINIMUM INCOME RANGE : $77,960

Income % Distribution
<$20K 27.5%
$20K-$35K 22.2%
$35K-$60K 10.0%
$60K-$100K 22.8%
>=$100K 17.5%
COMMUTE TIME DISTRIBUTION

43% of the working population has a commute time of 15 to 44 minutes, 53% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.8%
5-9 mins 12.9%
10-14 mins 32.9%
15-19 mins 26.8%
20-29 mins 10.1%
30-44 mins 5.7%
45-59 mins 1.9%
>60 mins 2.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 50% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,949 per month.

MY RENT : $1,949 MEDIAN RENT : $1,496

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 2.0%
$1,000-1,499 48.5%
>=$1,500 49.5%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,949 would therefore be considered affordable for annual household incomes greater than $77,960 (12 months x 3.333 x $1,949).

Rent % Affordability
Above $500 72.5%
Above $700 64.4%
Above $1,100 45.8%
Above $1,500 40.3%
Above $1,900 32.7%
HOUSEHOLD INCOME RANGE

Approximately 184 of households in this neighborhood have a total annual income of $77,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,949 per month.

MINIMUM INCOME RANGE : $77,960

Income % Distribution
<$20K 27.5%
$20K-$35K 22.2%
$35K-$60K 10.0%
$60K-$100K 22.8%
>=$100K 17.5%
COMMUTE TIME DISTRIBUTION

43% of the working population has a commute time of 15 to 44 minutes, 53% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.8%
5-9 mins 12.9%
10-14 mins 32.9%
15-19 mins 26.8%
20-29 mins 10.1%
30-44 mins 5.7%
45-59 mins 1.9%
>60 mins 2.9%
Downtown Anchorage Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 9.9%
Construction 5.8%
Health Care & Social Assistance 19.3%
Professional & Scientific Tech Services 9.4%
Public Administration 8.8%
Retail & Wholesale Trader 17.3%
Other 29.4%
OCCUPATION

           

Occupation % Distribution
Healthcare 10.2%
Legal 5.9%
Management, Business, & Financial 26.2%
Natural Resources Maintenance 9.8%
Production & Transportation 8.5%
Sales & Office 21.2%
Other 18.3%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 4.2%
15-19 5.9%
20-24 8.4%
25-44 33.7%
45-65 37.1%
66+ 10.7%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor?s degree or higher.

Education Level % Distribution
Associates Degree 6.2%
High School 27.0%
Masters Degree 7.7%
Some College 24.1%
Some High School 9.7%
Other 25.4%

Downtown Anchorage Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.9%
Construction 5.8%
Health Care & Social Assistance 19.3%
Professional & Scientific Tech Services 9.4%
Public Administration 8.8%
Retail & Wholesale Trader 17.3%
Other 29.4%
AGE DISTRIBUTION

71% of the population is between the ages of 25 and 64, 18% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 4.2%
15-19 5.9%
20-24 8.4%
25-44 33.7%
45-65 37.1%
66+ 10.7%
OCCUPATION

Occupation % Distribution
Healthcare 10.2%
Legal 5.9%
Management, Business, & Financial 26.2%
Natural Resources Maintenance 9.8%
Production & Transportation 8.5%
Sales & Office 21.2%
Other 18.3%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.2%
High School 27.0%
Masters Degree 7.7%
Some College 24.1%
Some High School 9.7%
Other 25.4%

522 E 3rd Ave Comps

Sorry, we do not have sufficient data available.

522 E 3rd Ave, Anchorage, AK 99501 is a single family home of 1,023 sqft. HomeUnion INVESTimate® for 522 E 3rd Ave includes a Price Estimate of $323,559 and a Rent Estimate of $1,949. This single family home has 4 bedrooms,3 bathrooms, and was built in 1948. This property has an estimated 15 year annualized Yield of 7.23% and Total Return of 14.14%. The estimated 1 year forecast in home value for 522 E 3rd Ave is 3.99%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AK, ANCHORAGE County, or the 99501 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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