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508 N Bunn St, Anchorage, AK, 99508

2beds
1baths
942sqft
$220,000
$234price/sqft
$1,792/moest. monthly cost
$71,680/yrincome needed

About This Home

This traditional ranch home on a fenced lot is packed w/potential & ready for its next chapter. Offering a practical floor plan & opportunity for sweat equity, this property is well-suited for investors, renovators, or buyers looking to personalize a home while building value. With some TLC this home will shine. Don't miss this affordable investment opportunity!

Getting Around

60
WalkingSomewhat Walkable
30
TransitSome Transit
45
BikeSomewhat Bikeable

Schools

3/10
2/10
Clark Middle SchoolGrades 6-80.5 mi

Construction

Condition

  • Year built: 1948

Materials

  • Foundation: Unknown - BTV
  • Roof: Asphalt,Composition,Shingle
  • Construction materials: Frame,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Washer &/Or Dryer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • BR/BA on Main Level,BR/BA Primary on Main Level,Laminate Counters
  • Flooring: Carpet,Laminate
  • Common walls with other units/homes: No Common Walls

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total structure area: 942
  • Total interior livable area: 942 sqft

Property

Details

  • Parcel number: 0050142200001
  • Zoning: R3
  • Zoning description: Multiple Family Residential

Features

  • Exterior features: Private Yard
  • Fencing: Fenced
  • Waterfront features: None,No Access
  • Topography of land: Level

Lot

  • Lot size: 6,098 sqft
  • Features: Fire Service Area,City Lot,Road Service Area

Parking

  • Parking features: No Garage,No Carport

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeVery High
  • Winter Weather
    Winter WeatherRelatively High

How This Home’s Risks Compare

Earthquake
Winter Weather

FEMA Declared Disasters in Anchorage Municipality and Alaska

Flood
Mud Landslide
Other
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,112$13,344
Home Insurance $72$864
Property Taxes $290$3,480
Electricity $318$3,820
Total$1,792$21,504

Income You'd Need if You Spent...

35% on housing$61,440/yr
40% on housing$53,760/yr
45% on housing$47,786/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.5%
4.5%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: -0.7%
-0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$234This listing

vs Other Active Listings

Avg $/sqft

ZIP 99508$145
Anchorage Municipality$252

vs Homes Sold Last Month

Median $/sqft

ZIP 99508$226
Anchorage Municipality$263

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-08Price change$215,000
2026-07-08Price change$220,000
2026-06-15Price change$225,000
2026-06-06Listed for sale$230,000
2024-10-22Listing removed$185,000
2022-09-15Sold--
2022-08-25Pending sale$184,900
2022-08-20Price change$184,900
2022-07-28Price change$185,000
2022-06-24Listed for sale$189,900
2022-06-24Listing removed--
2022-04-06Pending sale$185,000
2022-04-04Price change$185,000
2022-04-03Listed for sale$199,900
2019-07-26Sold--
2019-06-04Pending sale$90,000
2019-05-07Price change$90,000
2019-02-11Listed for sale$124,000
2017-12-02Listing removed$124,000
2016-11-02Price change$170,124
2016-06-15Listed for sale--
2016-06-07Sold--
2014-04-30Sold--
1997-07-22Sold--

For Sale by Agent

AgentDar Walden
BrokerageKeller Williams Realty Alaska Group

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