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3 Amos Avenue McGrath, AK 99627

  • 7 Bed
  • 6 Bath
  • 3,185 sqft
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Residential-Active $ 150,000

MLS#: 17-18947

Courtesy of: Somers Realtors, Inc.

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Description

The Takusko House. Revive this great property & make history in McGrath, Alaska! This is a rectangular shaped site totaling approx. 1 acre, improved (with a fire damaged, multi-level overnight lodging property) with a total gross living area of approx. 7069 sq ft, with a total currently livable/useable area calculated at 3185 sq ft, not including the 814 sq ft attached garage. Seller conducted a private appraisal earlier in 2017 for an 'AS IS' valuation of the property which states, "based on our investigation and analysis, we have formed the opinion that, subject to the limiting conditions and assumptions contained herein, the "AS IS" market value range for the subject property, in fee simple interest, as of March 20, 2017 is as follows, with a most probably concluded value near the middle of the range: $160,000 - $205,000." The subject was damaged by a fire that affected large portions of the main level kitchen/living area and the entire second level area. The garage, small apartment, and seven bedrooms are currently usable, with the remaining area being damaged by the fire, limiting full use of the facility. Estimates for repairs/refurbishment have not been compiled and will be buyer responsibility. Fire damage was due to a stack fire in 2009, with the only currently usable area being the bunk-room area consisting of 7 bedrooms, 6 bathrooms, small two bedroom apartment adjacent to the main entry, and the garage - estimated at a total of 3185 sq ft. The other areas are unusable and not considered rentable and are not considered to provide any value contribution to the site. Founded in 1989, Takusko House Lodge Inc. was a small hotel in McGrath, Alaska. It had 2 full time employees and generated an estimated $88,000 USD in annual revenue (before the fire). - per online reports. Mixed Use Commercial Lodging Facility or convert into your private home. Activities in McGrath, AK: Visitors to McGrath have the opportunities to participate in a wide range of activities centered on the wilderness environment of the area. The Innoko National Wildlife Refuge is just to the west of the town and focuses on conservation of animals such as peregrine falcons, moose, salmon and bears. Opportunities for gold panning, hiking, mountain biking, hunting and rafting exist within the immediate area around McGrath depending upon the time of year of your visit. In addition to the Iditarod Sled Dog race, the town also serves as a checkpoint for the Iron Dog Snow Machine Race. History of McGrath, Alaska: The original town of McGrath, Alaska sits across the Kuskokwim River from its present location. Old town McGrath was established as a trading post in 1904, named after a local United States Marshal, Peter McGrath. Shortly after, gold was discovered in the area. After 1925, gold mining significantly declined along with traffic through the town. In 1933, a major flood caused a number of residents to move across the river to the present location. By 1940, an airport and school were opened. McGrath continued on its path to becoming a regional hub for the area that it is today.

Specifications


    Location, Legal, and School Info


  • 3 - Interior & North Alaska Regions - All
  • N/A
  • N/A
  • 0000000
  • Tom Sheets

    Contract Info


  • No

    Property Info


  • Residential - Single Family
  • Existing Structure
  • 1
  • 1988
  • 1990

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