4201 Riverton AVE Anchorage, AK 99516

UPSIDE OPPORTUNITY! This grand vintage home, priced $95,000 below assessed value, sports 200 feet of Rabbit Creek flowing right through the backyard, with stairs down the hillside to enjoy your private creekside paradise. Massive picture window views frame the woods around the creek. The interior of the home is warm and inviting, with wood paneling, a massive stone fireplace, and two wood stoves. The multi-floor layout adds to the spaciousness, with the double-height great room, raised landing leading to the bedrooms, and very private lower level. The three bedrooms include an enormous primary suite with its own private deck, soaking tub, walk-in shower and large walk-in closet. The other two bedrooms are space upstairs and down for added privacy; a lower open area could be used as a family room or office.

This home needs attention and updating to take it to its next stage of life. Homes comparable in size in this neighborhood, dated but in good repair, sell in the $600,000s; a thoroughly updated creekfront home should command $700,000+. There is significant upside to be had in this stately older home.