3123 E 42nd Ave, Anchorage, AK 99508
OFF MARKET

3123 E 42nd Ave
Anchorage, AK 99508

University Area
  • 4 Beds
  • 3 Baths
  • 4,303 sqft

$643,400

Trulia Estimate
as of Jun 6, 2026

$643,400

Trulia Estimate
as of Jun 6, 2026
4 Beds
3 Baths
4,303 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Estate sale with excellent opportunity to build instant equity, tax assessment is $595K. Owner builder opened the building permit in 1999 and never closed it out. Notice and Order from MOA attached. Buyer assumes all responsibility and cost for closing out the permit and accepts the property in ''as is'' condition. Previous use as a triplex, open permit is for a single family residence.The Construction started by the owner in 1999 is a large building attached to a small house constructed in 1950. Square footage of the small house is 648. Attached building is 3358 square feet on the top two floors with 945 square feet in the basement. Plat does not allow triplexes, property is zoned for a duplex but the building permit is for a single family use. Potential for an ADU or large single family home. Large master suite upstairs, wood floors, in floor heat, spacious garage. Potential list of repairs needed (buyer to verify) to close out the building permit 99-0118 to 1999 standards (when permit was opened): 1. Finish the garage interior and 2nd-floor fire barrier with gypsum wallboard to comply with the 1 hour fire separation required, fire tape and seal, cover the gypsum board exposed to the exterior with pre-primed LP 4'x8' panels. 2.Remove the existing steps at the house entry in front of the garage and frame a new code-compliant landing and steps from all-weather wood. 3. Correct the steps in the garage that lead into the house to be code compliant. 4. Replace the man door between the garage and the house and install a new code-compliant fire door assembly. 5. Reframe the stairs leading from the entry to the basement to be code compliant for rise, run, and handrails. Treads and risers will be unfinished wood. 6. Install gypsum wallboard in the stairs and fire tape as required by code. 7. Install plywood door and lock at the crawl space access to the old house. 8. Disconnect the sump pump from the sewer line. 9. Install a structural post, blocking, and seismic restraints at the post located in the basement. 10. Install keyless light fixtures at missing locations in the basement. 11. Demo both 2nd-floor decks and block off the door. Demo and remove back deck and replace with smaller deck. All decks have untreated wood that is not allowed. 12. Remove the range in the upstairs kitchen and fill in the space with onsite cabinets and counter top to address permit comments. 13. Demo and haul away the connex in the backyard. 14. Install missing sheetrock in the 2nd-floor hall closet. 15. Install the jacuzzi panel in the 2nd-floor hall bathroom. 16. Frame in and drywall closet under addition stairs leading to the 2nd floor. 17. Correct the plumbing and mechanical items on the summary of the inspection including correcting plumbing for master bath tub and shower. 18. Provide safety glass in windows where needed in master bath, front door. 19. Install interconnected smoke and CO Detectors, GFCI plugs where needed. 20. Insure all fans vent to the exterior. 21. Move heater in basement away from front of electrical panel. 21. Change driveway width to the maximum of 24 feet. 22. Correct or install handrails as needed. 23. Correct the electrical items on the summary of the inspection.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from August 30, 2024

Home Highlights

Parking
2 Car Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 3123 E 42nd Ave

Interior Features

Interior Details
Basement: Partially Finished
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 3Number of Bathrooms (full): 3
Dimensions and Layout
Living Area: 4303 Square Feet
Appliances & Utilities
Utilities: ElectricAppliances: Dishwasher, Disposal, Range/OvenDishwasherDisposalLaundry: Washer &/Or Dryer Hookup
Heating & Cooling
Heating: Has Heating Unspecified TypeHas HeatingHeating Fuel: Has Heating Unspecified Type
Windows, Doors, Floors & Walls
Flooring: Hardwood, Laminate, LinoleumCommon Walls: No Common Walls
Levels, Entrance, & Accessibility
Stories: 2Levels: Multi/Split, TwoFloors: Hardwood, Laminate, Linoleum
View
No View

Exterior Features

Exterior Home Features
Roof: AsphaltFoundation: Block
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageHas an Attached GarageParking Spaces: 2Parking: Garage Door Opener,Attached,Heated Garage,No Carport
Frontage
Waterfront: None, No AccessRoad Frontage: Dedicated RoadRoad Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Topography: Level

Property Information

Year Built
Year Built: 1999
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: Single Family ResArchitecture: Single Family Res
Building
Construction Materials: Frame, Vinyl SidingNot a New ConstructionNot Attached Property
Property Information
Parcel Number: 0080231200001

Price & Status

Price
List Price: $400,000

Active Status

MLS Status: Closed

Location

Direction & Address
City: Anchorage
School Information
Elementary School: College GateJr High / Middle School: WendlerHigh School: Bettye Davis East Anchorage

Building

Building Area
Building Area: 4303 Square Feet

Lot Information

Lot Area: 8276.4 sqft

Miscellaneous

BasementMls Number: 23-10280
Last check for updates: about 4 hours ago
Listed by Kevin Taylor
RE/MAX Dynamic Properties
Bought with: Casey Knight, Real Estate Brokers of Alaska
Source: AKMLS, MLS#23-10280

Price History for 3123 E 42nd Ave

DatePriceEventSource
10/04/2023--Sold
AKMLS #23-10280
09/09/2023$400,000PendingAKMLS #23-10280
08/19/2023$400,000Listed For SaleAKMLS #23-10280
08/19/2023$475,000ListingRemovedAKMLS #23-2268
05/27/2023$475,000PriceChange
AKMLS #23-2268
04/24/2023$499,500PriceChange
AKMLS #23-2268
03/13/2023$525,000Listed For SaleAKMLS #23-2268
02/27/2002--Sold
N/A

Market trends in Anchorage

Last updated April 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$400K
$3.83KMoM
Sale-to-List Price
100.0%
Price per sq ft
$251
$3MoM
Available listings
386
39MoM
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Property Tax and Assessment

Year2025
Tax$10,169
Assessment$644,000
Home facts updated by county records

Comparable Sales for 3123 E 42nd Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
3201 E 43rd Ave, Anchorage, AK
0.07
Single-Family Home
-
12/12/25
4
2
1,872
2961 Kimberlie Ct, Anchorage, AK
0.14
Single-Family Home
-
09/24/25
4
2
1,780
4901 Clint Cir, Anchorage, AK
0.50
Single-Family Home
-
10/22/25
4
2.5
2,588
4911 Clint Cir, Anchorage, AK
0.50
Single-Family Home
-
08/01/25
3
2.5
1,864
2399 Waldron Dr, Anchorage, AK
0.78
Single-Family Home
-
11/26/25
4
3
1,718
4920 Chuck Dr, Anchorage, AK
0.54
Single-Family Home
-
06/16/25
3
2
1,380
4800 Folker St, Anchorage, AK
0.51
Single-Family Home
-
07/28/25
3
2
1,324
4628 Grumman St, Anchorage, AK
0.31
Single-Family Home
-
10/06/25
3
1
1,196
1740 Crescent Cir, Anchorage, AK
0.90
Single-Family Home
-
11/14/25
4
4
3,010
1831 S Salem Dr, Anchorage, AK
0.83
Single-Family Home
-
07/30/25
3
2.5
2,080

Nearby homes

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Assigned Schools

These are the assigned schools for 3123 E 42nd Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

University Area
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about University Area

At least 18 Trulia users voted on each feature.

  • 94 % Say parking is easy

  • 92 % Say it's dog friendly

  • 90 % Say yards are well-kept

  • 82 % Say car is needed

  • 75 % Say there's holiday spirit

  • 73 % Say kids play outside

  • 71 % Say streets are well-lit

  • 69 % Say there's wildlife

  • 69 % Say people would walk alone at night

  • 66 % Say neighbors are friendly

  • 59 % Say there are sidewalks

  • 50 % Say they plan to stay for at least 5 years

  • 48 % Say it's walkable to restaurants

  • 47 % Say it's quiet

  • 36 % Say there are community events

  • 13 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Lynda S
    "UMED district is a quiet neighborhood with several professionals living in the area as it’s close to UA and Providence. It’s close to trails. Neighbors are great and it’s pet friendly. "
    2
    Flag
  • Trulia User
    "There’s lots of trails in the area to go on runs/walks that connect to some parks. All the dogs that are in the area do seem friendly and like other dogs and children."
    0
    Flag
  • Trulia User
    "there are many families in this neighborhood, that thinks its safe, and its quiet, some parks in the area are safe"
    0
    Flag
  • Anthony L.
    "20 minute bike ride on a trail, rain or shine, winter or summer, crossing one busy road, no lights. "
    0
    Flag
  • Ahydak
    "This is a wonderful neighborhood, lots of families celebrating Halloween and other holidays. People maintain their property and are very friendly. "
    3
    Flag
  • Ahydak
    "We have lived in this neighborhood for over 11 years. Very friendly neighborhood and people take good care of their homes. "
    5
    Flag
  • Paige K.
    "It’s within walking distance of the dog park. The sidewalks and trails are well maintained. A majority of the houses have fenced yards."
    0
    Flag
  • Andrea
    "This neighborhood is prone to high crime due to large number of low income apartments and rentals nearby as well as a homeless shelter. Large numbers of homeless inebriates roam the area."
    13
    Flag
  • Devyn K.
    "I live near the hospital and traffic can be rough in the morning especially because Tudor is a very busy road but one that is most convenient for our daily commute. Other than that, I love this area so much. It’s close to APU and UAA and my work ANMC. People are friendly. The crime is low here."
    1
    Flag
  • Shawnalee W.
    "great trail access, a dog park, and a location that keeps you less than 5 mins away from universities and medical campuses, under 10 mins to midtown shopping, and about 12 mins to downtown. great location! plus we're home to East High, the most diverse high school in the country!"
    7
    Flag
  • E210wench
    "This neighborhood is 15-20 minutes in any direction from the wilds of South Central Alaska, or in Downtown Anchorage. Yet grocery stores, gas stations, schools and restaurants are within 5-8 miles. There are 2 major hospitals within walking distance for great jobs. City bus service in any direction is one block away."
    1
    Flag
  • Sarah S.
    "It seems to be a dog friendly area. I would recommend living here if you want to live close to the university and own a dog."
    0
    Flag
  • Gabby A. O.
    "The University area isn’t very dog friendly. Affordable homes that are nice don’t allow pets, but the ones that do allow pets aren’t as nice. Overall, great management but pet owners beware"
    0
    Flag
  • Queen B.
    "Lived here for a year and neighbors and friendly. Nice neighborhood and very clean. Lots of neighbors walk their dog and keep an eye out for unusual activity."
    6
    Flag
  • ak_edm
    "near a dog park, two hospital campuses, the University of Alaska campus and the Alaska Airlines Center that hosts shorts and national concert tours. "
    2
    Flag
  • Megakarl99
    "Good access to university park trails. Low traffic and road noise. Rare to see homeless roaming the neighborhood. "
    2
    Flag
  • Kerri C.
    "Great Place. Quiet, safe, close to parks, trails, the hospital, university, and not far from base. "
    2
    Flag
  • alexis m.
    "I live in the area and it is close to restaurants, universities and hospitals. The neighborhood is safe with active police officers living in the area. The drive to midtown is about 7 minutes and 10 to downtown. Close to trails for walking and bike rides."
    3
    Flag

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Apartments for Rent

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Homes for sale near 3123 E 42nd Ave

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Off Market Homes Near 3123 E 42nd Ave

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The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than Zillow, Inc. are marked with either the listing brokerage’s logo or the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Copyright 2026 Alaska Multiple Listing Service, Inc. All rights reserved.

Homes for rent near 3123 E 42nd Ave

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3123 E 42nd Ave, Anchorage, AK 99508 is a 4 bedroom, 3 bathroom, 4,303 sqft single-family home built in 1999. 3123 E 42nd Ave is located in University Area, Anchorage. This property is not currently available for sale. 3123 E 42nd Ave was last sold on Oct 4, 2023 for $0. The current Trulia Estimate for 3123 E 42nd Ave is $643,400.