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L6 B12 Prince William Court
Whittier, AK 99693
$549,900
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
1760
Property Description
Waterfront in Whittier with road access! This single family home is currently operating as a successful AirBnB ''Cliffside Cabin''. Gorgeous fjord views of glaciers, waterfalls, mountains and pristine waters that open to Prince William Sound. This 5BR,4.5BA chalet sits on a 3/4 acre bluff lot w/200ft of ocean frontage overlooking Smitty's Cove (next to Shotgun), just before the Emerald Cove Trail Watch whales, dolphins, otters and the occasional black bear crossing from your choice of 3 elevated view decks. There's also an extended ground level south facing deck/patio at the front entrance with mountain and green space views. Step inside to a vaulted great room with tongue & groove ceilings, open living area with large windows framing the turquoise waters of PWS, new LVP flooring and updated lighting. Full kitchen has generous cabinet storage, a new propane oven/range and casual picnic style dining. Guest powder bath and a bedroom suite round out the main floor. Designed for efficiency and expandable accommodations, 4 out of 5 bedrooms have ensuite full baths and ladder lofts for additional sleeping and storage space when needed. Enjoy a view from every bedroom. The attached 2 car garage houses a full size washer/dryer on one side and mechanical system on the other. The water heater is 4 years young, installed in 2019. This property is fully self-sustained with a $32K+ AGM 6.8kW off grid solar system that includes Solaria energy efficient solar module and panels, Schneider XW+ 6800 Watt Inverter, 140A charger with a 16-unit Centennial battery bank of 20hrs each and a new 2023 Honda 7000i inverter generator backup with remote start and auto-switch to ensure uninterrupted power. The generator shed is built with combustion air, exhaust vent, and an extended fuel line. The home's electrical system was completely redone in 2020 with $16K+ in upgraded wiring, underground power lines and new LED lights. A propane stove heats the cabin and comes with a 3-tank reserve system shaped for easy carry-and-go refills. This property is turn-key and sold fully furnished. Whether you're looking for a primary home, a recreational get-away or an income property for vacationing guests, this is a one of a kind property in Whittier, a town that has tremendous growth potential ahead. The 2023 peak summer season booked for $750/night during peak weeks ($800 high)! If cash flow is on your mind, tap in to the autumn hunters, hikers, fall weddings and senior photo shoot sessions once the shrimping season closes. Although the current owners haven't operated in the winter months, a buyer could opt to add a secondary heat source in the garage and turn this into a holiday vacation home with a pretty much guaranteed white Christmas. Snowmachiners break trail in the surrounding mountains with very few places stay. Plenty of space for toy storage on this 3/4 acre lot. Visualize the potential to landscape a dedicated trail down to the water. There may also be a future option to build a floating dock. Check out the documents tab to review an approved design concept, permit and Letter of Permission from the Army Corp of Engineers to construct a 20'x8' floating dock attached to cliffside rock. For now, this Cliffside Cabin is its own unique piece of paradise overlooking the prettiest marine playground for fishing, shrimping, kayaking, beach combing, jet skiing, glacier and wildlife viewing, back country hiking, exploring and simply relaxing. Plus, it comes with a front row seat to the Summer Sundays unofficial comedy regatta as "weekend warrior" boaters race to get to the harbor's loading ramp in front of the 5pm tunnel traffic. Iykyk!! Qualifies for Conventional financing. Sellers will also consider owner financing with 20% down. This is a special property and huge opportunity to own an oceanfront home in Whittier while it's still affordable.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2015
MLS Number
24-2561
Location
Address
L6 B12 Prince William Court
City
Whittier
State
AK
Zip Code
99693
County
VALDEZ-CORDOVA
Listing
Provider
RE/MAX Dynamic Properties, original listing
Name
RE/MAX Dynamic Properties
Phone
(907) 261-7616
Office Name
RE/MAX Dynamic Properties
Office Phone
(907) 865-4700
Agent Name
Alison Lane

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.