NOT LISTED FOR SALE

12350 E Drift Ln Palmer, AK 99645

8 Beds
4 Baths
4,050 Sq Ft
40,075 Sq Ft Lot

Sale Details

Date Sold: January 6, 2025

3 Days on Market

Highlights

  • Views
  • Forced Air Heating System
  • Baseboard Heating

About This Home

As of January 2025

Located conveniently across from the Fair Grounds, this property offers both strategic value and prime location. 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: 10/01/2024

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

  • 40,075 Sq Ft Lot

Parking

  • 8 Parking Spaces

Home Design

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

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Schools

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

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Well
  • Septic Tank

Additional Features

  • Property Views

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $6,680
  • Gross Income $65,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0.92 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.92
  • 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
  • Year Built: 1977
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Living Area: 4050

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 8

Utilities

  • Heating: Baseboard, Forced Air
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: 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: 40075.2
  • Mobile Dim Units: Feet
  • Zoning Description: Not Zoned-all MSB but Palmer/Wasilla/Houston
  • Zoning: UNZ
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 65400
  • Annual Operating Expense: 6680

Tax Info

  • Tax Map Number: PA12
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Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2025 01/06/25 Sold -- -- --
10/04/2024 10/04/24 Pending -- -- --
10/01/2024 10/01/24 For Sale $619,000 -- $153 / Sq Ft
Source: Alaska Multiple Listing Service

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 $4,646 -- -- --
2024 $4,646 $410,900 $27,000 --
2023 $4,111 $373,500 $27,000 $346,500
2022 $3,972 $343,400 $27,000 $316,400
2021 $4,067 $316,900 $27,000 $289,900
2020 $4,213 $316,900 $27,000 $289,900
2019 $4,252 $316,900 $27,000 $289,900
2018 $4,315 $323,500 $27,000 $296,500
2017 $2,614 $283,900 $27,000 $256,900
2016 $2,413 $270,700 $27,000 $243,700
2015 $2,427 $257,500 $27,000 $230,500
2014 $2,427 $260,000 $27,000 $233,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alaska Multiple Listing Service

MLS Number: 24-12610

Alaska Multiple Listing Service
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