3 months on rocket

40997 Ruth Way, Homer, AK, 99603

$695,000

Home List Price

$8,253*

Closing Credit

4 Bedrooms
2 Baths
House

Location

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40997 Ruth Way, Homer$695,000

Buyer Closing Credits

$8,253*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Garage3 spaces
Year Built1986
HeatingOil
ViewMountain(s)
MLS #24-10240
Lot Size1.22 Acres
StatusActive

About 40997 Ruth Way

This home is truly a MUST-SEE. East Coast meets allure, charm and tranquility in this 4 bedroom 2 bath home. Featuring a multitude of outbuildings, a 1,080 sq ft shop, greenhouse, chicken coop, lighthouse with a comfortable sitting area, sauna, guest house/office or studio, expansive back deck, and wrap-around covered front porch. Step inside the front door, and you are greeted with warmth and character. From the original oak hardwood floors to the impressive open staircase, a living room meant for entertaining, a dining room surrounded by windows illuminating in natural light that opens to the farmhouse kitchen and large pantry area. Off the master bedroom is an attached ideal sitting or yoga room with large open windows and whitewashed walls. Enjoy evenings in the lighthouse for incredible sunsets and a birdseye view of Cook Inlet and volcanoes. Summer afternoons are meant for hours lounging on the large back deck and relaxing in the evenings on the front covered porch. This home is truly one-of-a-kind!

Property Details

Property Features

Property Information:

  • Architectural Style: Two-Story Tradtnl
  • Year Built: 1986
  • Stories: 2

Listing Office:

  • Office Name: Kachemak Keller Williams Realty Alaska Group
  • Office Phone: (907) 235-7733

Interior Features

Interior Information:

  • Flooring Type: Hardwood
  • Interior: Family Room, Pantry, Sauna

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Mountain(s)
  • Exterior: Private Yard, Barn/Shop, Chicken Coop, Deck/Patio, Road Service Area, Sun Room

Parking Information:

  • Garage Space: 3 spaces

Lot Features

Lot Information:

  • Lot Size: 1.22 Acres

Utilities

Utilities Information:

  • Heating: Oil

Other

Directions Information:

  • Directions: Sterling Hwy to Diamond Ridge. Left on Ruth Way, driveway is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $695,000

Tax Information:

  • Annual Amount: $3,432
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Homer, AK.

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Homer, AK

City

Med. List Price

$505K

Med. Price/SqFt

$249

Avg. Days On Market

148

# of Sold Homes

14

40997 Ruth Way vs Homer

102 DAYS ON ROCKET

-46 Days

$695,000

+$190K More

KEY TAKEAWAY

This property is $190K more than the Median List Price in Homer, AK.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Alaska Multiple Listing Service
  • MLS Number: #24-10240

Listing Office:

  • Office Name: Kachemak Keller Williams Realty Alaska Group
  • Office Phone: (907) 235-7733

IDXThe 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 this broker 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. All square footages are approximations. School boundaries are subject to change. Information is not guaranteed and should be independently verified for accuracy.

Copyright 2024 Alaska Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 10:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,432$350,000
2020$3,401$360,900
2019$3,358$338,400
2018$3,358$355,300
2017$3,561$379,700

History based on county public records data.

Payment Calculator

$3,536

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,150

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-262343
7
/10

  • Fireweed Academy

  • 995 Soundview Ave

  • 4.43 miles

  • Public Charter Grades KG-6

school-card-donut-262344
6
/10

  • West Homer Elementary School

  • 995 Soundview Ave Ste 1

  • 4.43 miles

  • Public District Grades 3-6

school-card-donut-262345
6
/10

  • McNeil Canyon Elementary School

  • 52188 E End Rd

  • 15.21 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $74,486. Most Homer, AK residents have annual incomes between $100k-200k. The most common type of family is married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Homer, AK

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Homer, AK.

Homer's housing market offers a scenic blend of rustic and contemporary styles, with single-family homes dotting the landscape, many providing stunning views of Kachemak Bay. The market is diverse, with a mix of older, cabin-style homes and newer constructions that reflect the region's natural aesthetic. While single-family homes are prevalent, there are also options for those seeking condominiums or townhouses, accommodating a range of lifestyle preferences.

What is it like to live in Homer, AK?

Homer is celebrated for its artistic community and the iconic Homer Spit, a long strip of land reaching into the bay that's lined with shops and restaurants. The town prides itself on its connection to nature, with numerous outdoor activities such as fishing, hiking, and wildlife viewing that define the local lifestyle. Annual events like the Homer Halibut Festival reflect the town's maritime heritage and tight-knit community spirit.

Is it easy to get around Homer, AK without a car?

The community benefits from a selection of essential services, including public schools that serve different age groups, healthcare facilities equipped to provide primary care and emergency services, and a public library that serves as a hub for learning and local culture. Retail and dining experiences are reflective of the local culture, with an emphasis on seafood and locally-sourced ingredients. The town is responsive to the needs of its residents, with services evolving to meet the demands of its growing population.

Transportation in Homer, AK.

Transport in Homer includes a network of roads that connect residents to the rest of the Kenai Peninsula and beyond. Public transportation options are available, with schedules designed to accommodate the needs of the community. The area is known for its walkable downtown and the Spit, which are friendly to pedestrians and cyclists alike. Ride-sharing services are present, complementing the existing transport infrastructure and providing additional mobility solutions for residents and visitors.

Frequently Asked Questions About 40997 Ruth Way

What is the listing price of this property?

The listing price of 40997 Ruth Way property is $695,000.

What type of property is this?

The property 40997 Ruth Way is a house located in Homer, Alaska, 99603.

Is this property for sale now?

Active Listing: 40997 Ruth Way is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,432 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 40997 Ruth Way has 4 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 40997 Ruth Way is 1986.

Rocket Homes›Alaska›Kenai Peninsula County›Homer›99603›40997 Ruth Way

This home is located at 40997 Ruth Way in Homer, AK and zip code 99603. This home, which was built in 1986, sits on a 1.22 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 11, 2024 and is currently priced at $695,000.

In October 2024 in Homer, AK there were 8.5% less homes for sale than in September 2024. Listings spent 148 days on the market in October 2024, and had a median list price of $505,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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