For SaleRisky Deal3 days on market

3311 Wells Cir

3311 Wells Cir, Anchorage, AK 99508, Anchorage, AK 99508

$615,000

Zestimate®:$606,000

Listing Price

3311 Wells Cir, Anchorage, AK 99508

Loc: Anchorage, AK

Days Listed

Tax Assessed

$536k

Zestimate®

$606k

Market Rate

Lot Size

10,454 sqft

Rent Estimate

$3,603/mo

Est. Cash Flow base

Type

single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9

Safety Score

A+

Schools

Nearby Schools

Educational options and performance ratings in the area.

College Gate Elementary School

PK-6

0.2 mi away

Wendler Middle School

6-8

1.9 mi away

N/A

Bettye Davis East Anchorage High School

9-12

1.1 mi away

Property Overview

No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.

Features & Amenities

Single Family Residence1973Fireplace(s), Baseboard, Natural Gas2 Attached Garage spaces10,454 sqft3 Days$251

Haven AI Verdict

Recommendation

Risky

Confidence Score: 1/10

Exercise caution due to potential market volatility.

Cap Rate

4.03%

Total ROI

46.4%

Cash Flow

$-1,127/mo

DSCR

0.65

Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

Property yields an estimated $-1,127/mo net cash flow with a 4.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.

Strengths

• Prime residential location in Anchorage, AK
• Long-term capital appreciation corridor

Considerations

• Verify historical operating expenses and local tax assessment
• Confirm current lease terms and tenant estoppel certificates

10-Year Price Projection

Price & Tax History

Price History

Date	Event	Price	Price/sqft
2026-09-14	Listed for sale	$615,000	$251
2010-05-28	Sold	$0	–

Tax History

Year	Property Tax	Tax Assessment
2025	$8,460.28	$535,800
2024	$8,011.15	$496,200
2023	$7,741.84	$454,600
2022	$7,517.38	$446,400
2021	$0	$410,700
2020	$0	$399,800
2019	$0	$405,400
2018	$0	$405,400
2017	$4,812.68	$392,000
2016	$4,812.68	$378,100
2015	$4,812.68	$367,900
2014	$4,812.68	$364,000
2013	$0	$334,100
2012	$0	$329,100
2011	$0	$331,700
2010	$0	$303,600

Getzels Group

Haven Team

CalRE #01884947

Call / Text

818.535.5337

Property Specs

Beds

Baths

Sq Ft

2,448

Address-Level Value-Add Underwriting

ARV, Rehab & Maximum Allowable Offer (MAO)

Model contractor scopes, estimated after-repair value (ARV) projections, and determine your purchase price ceiling to protect target margins.

Estimated After-Repair Value (ARV) [estimated]Modeled value-add projection (+18% baseline) for 4b/3ba in Anchorage

+18% vs. list

Rehab Budget & Scope (2,448 sq ft)$110,160

Institutional Acquisition Rule75% Rule

Maximum Allowable Offer (MAO)

$434,115

Calculated as (75% × $725,700) − $110,160

Asking Price is $180,885 (29.4%) Above MAO

To achieve your target margin of 25%, submit an initial counteroffer closer to $434,115 based on $110,160 in required updates.

Current Asking Price:$615,000

Estimated ARV:$725,700

Estimated Renovation:$110,160

All-In Capital Basis (MAO + Rehab):$544,275

Projected Equity Margin:+$181,425

Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Provenance:[Observed] List Price: $615,000[Observed] Rent: $3,603/mo[Estimated] Tax Rate: 1.19% (AK)[Estimated] Hazard Ins: $179/mo[Defaulted] Reserves: 23% OpEx Baseline

Haven ScoreRisky

1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)

4.03%

NOI: $24,768/yr

Cash-on-Cash Yield

-9.6%

On $141,450 invested

DSCR Ratio

0.65x

Negative debt coverage