$425,000
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3 Beds
2 Baths
2,280 SqFt
SOLD DATE : 10/21/2025
Key Details
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 2,280 sqft
Price per Sqft $186
MLS Listing ID 25-2486
Sold Date 10/21/25
Style Two-Story Tradtnl
Bedrooms 3
Full Baths 2
Construction Status Existing Structure
Year Built 1979
Lot Size 0.480 Acres
Acres 0.48
Source Alaska Multiple Listing Service
Property Description
Beautiful 2280 sq. ft 3edroom, 2-bath home plus office, views!, high ceilings,southerly facing windows, almost 1/2 acr in town lot, newly painted . Includes 485 sq. ft. rental, currently rented for $1,200 p.m. Large intown lot, B&B potential. 2 bonus rooms in addition to the 3 bdrms. Legacy Inspection Report upon request. Step outside onto the expansive deck, perfect for relaxing, dining, or enjoying the serene surroundings.
The huge basement provides endless possibilitieswhether you need extra storage, a home gym, or potential for additional living space.Two levels make it perfect to BnB one level and live on the second.
Outside, the generous lot offers ample space for gardening, play, or future expansion.
The rental cabin adds incredible value, whether as a steady income stream or a private guest retreat. Currently $1200 p.mo. month to month tenancy. The cabin used to be a shop and barely used, and then the mom needed to be close by so it was turned into the cabin. The renovations were done for older people, the doors are all wheelchair width, and obviousely a ramp can be built to access the front door. There are handles in the bathroom for everything and other features that the big house does not have. Plus it has sprayed foam insulation, plus the Toyo heater, so its pretty darn cozy. A professional contractor built this cabin and was a stickler for detail.
Don't miss this incredible opportunity to own a home with rental income in the 485 sq ft home currently rented on a month-to-month basis. Located in one of the most convenient locations in town, yet a nice quiet side street. Walk to stores in under 10 minutes.
Location
State AK
Area 490 - Homer
Zoning RR - Rural Residential
Direction In Homer town center take Kachemak Way to Rainbow Ct. (right) on Rainbow Ct. Home is second home on the left. See real estate sign.
Interior
Interior Features BR/BA on Main Level, BR/BA Primary on Main Level, CO Detector(s), Wood Stove
Heating Oil, Wood Stove
Exterior
Parking Features None
Roof Type Shingle
Topography Level
Building
Lot Description Level
Foundation None
Lot Size Range 0.48
Sewer Public Sewer
Architectural Style Two-Story Tradtnl
Construction Status Existing Structure
Schools
Elementary Schools Paul Banks/Homer
Middle Schools Homer
High Schools Homer
Others
Tax ID 17704023
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan
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