NOT LISTED FOR SALE

12300 E Drift Ln Palmer, AK 99645

Estimated Value: $1,882,705

24 Beds
12 Baths
4,050 Sq Ft
$465/Sq Ft Est. Value

Last Sold January 06, 2025

Current estimated payment $10,255/month

33 Days on Market

About This Home

As of January 2025

Discover a unique investment with three meticulously maintained 4-plexes, each situated on 0.92 acres of prime real estate. Enjoy the benefits of separate concrete tank septic systems and a shared community well. Included in the sale is a 2-car garage/shop that can either be rented out at an additional charge to a tenant or utilized by an owner occupier.Located conveniently across from the Fair Grounds, this property offers both strategic value and prime location. About 50% of the furnaces are 2-5 years old, multiple units have been remodeled and updated. New exterior paint, pressure tanks and water softeners. All units are 2bed 1bath and metered separately for electric. Great Opportunities like this are raredon't let this chance slip away!

Last Agent to Sell the Property

Giacinto Paoletti

Alaska Realty & Investments License #17872 Listed on: 08/22/2024

Last Buyer's Agent

Sarah Langford

Keller Williams Realty Alaska Group of Wasilla License #19055

Keller Williams Realty Alaska Group of Wasilla

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 2.76 Acre Lot

Parking

  • 24 Parking Spaces

Home Design

  • 4,050 Sq Ft Home
  • Quadruplex
  • Block Foundation

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 12 Full Bathrooms

Schools

  • Sherrod/Swanson Elementary School
  • Palmer Middle School
  • Palmer High School

Utilities

  • Baseboard Heating
  • Private Water Source
  • Shared Well
  • Septic Tank

Additional Features

  • Property Views

Community Details

  • 3 Buildings
  • 12 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 2.76
  • Directions: North on the Glenn Hwy. Left on Drift Lane (across from fair grounds). Property will be on your left.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Quadruplex, Up and Down
  • Year Built: 1977
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Special Features: None

Interior Features

  • Number Of Buildings: 3
  • Full Bathrooms: 12
  • Total Bedrooms: 24
  • Living Area: 4050

Exterior Features

  • Topography: Level
  • View: Mountain(s)
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Foundation Details: Block
  • Property Condition: Existing Structure

Garage/Parking

  • Total Parking Spaces: 24

Utilities

  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Private, Shared Well

Schools

  • Elementary School: Sherrod/Swanson
  • High School: Palmer
  • Middle Or Junior School: Palmer

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 120225.6
  • Mobile Dim Units: Feet
  • Zoning Description: Not Zoned-all MSB but Palmer/Wasilla/Houston
  • Zoning: UNZ
  • ResoLotSizeUnits: Acres

Green Features

Multi Family

  • Number Of Units Total: 12

Tax Info

  • Tax Map Number: PA12

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/06/2025 01/06/25 Sold -- -- --
10/04/2024 10/04/24 Pending -- -- --
08/31/2024 08/31/24 For Sale $1,897,000 +80.7% $468 / Sq Ft
10/03/2017 10/03/17 Sold -- -- -- View Prior Sale
08/02/2017 08/02/17 Pending -- -- --
05/08/2017 05/08/17 For Sale $1,050,000 -- $259 / Sq Ft
Source: Alaska Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,040 -- -- --
2024 $5,040 $445,800 $27,000 --
2023 $4,481 $407,100 $27,000 $380,100
2022 $4,321 $373,600 $27,000 $346,600
2021 $4,407 $343,400 $27,000 $316,400
2020 $4,570 $343,800 $27,000 $316,800
2019 $4,608 $343,400 $27,000 $316,400
2018 $4,674 $350,400 $27,000 $323,400
2017 $3,561 $311,100 $27,000 $284,100
2016 $3,290 $298,200 $27,000 $271,200
2015 $3,572 $285,300 $27,000 $258,300
2014 $3,572 $302,500 $27,000 $275,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Alaska Multiple Listing Service

MLS Number: 24-10944

Alaska Multiple Listing Service

APN: 3053000L006