NOT LISTED FOR SALE

1531 Gillam Way Fairbanks, AK 99701

Estimated Value: $90,000 - $295,858

3 Beds
2 Baths
1,514 Sq Ft
$142/Sq Ft Est. Value

Last Sold August 02, 2021

Current estimated payment $1,501/month

104 Days on Market

Highlights

  • Den
  • Wood Frame Window
  • Lap Siding

About This Home

As of August 2021

All new kitchen appliances have been installed, refreshing this 3 bedroom home. Any reasonable offer will be considered. This property would also make a nice space for a Downtown professional office, a great space for an attorney or CPA. High visibility with building fronting Gillam Way. This building was an accountant's office for the last 25 years and has been well maintained. The whole lot is plowed and there are 6 fulltime parking spaces for staff. Clients usually parked upfront and comfortably fit 2 cars at a time. Upstairs are two office spaces and a bathroom. The main level has an arctic entry, a large room that would be a very generous reception area and could fit multiple cubicles. There are two separate offices, one of which has a door to the back parking area. There is a break-room that they used as a copy area, too. The square footage does not include the over 900 sf basement which is a ton of very useful storage. There is new flooring on the main level and the interior was just repainted. Lot of windows with natural light floods every work space. See sales packet for last three years of utility costs.

Last Agent to Sell the Property

Joel Johnson

EMPIRE REALTY, LLC License #RECB15515 Listed on: 02/19/2021

Last Buyer's Agent

Blake Schreckhise

EXP REALTY, LLC License #172792

EXP REALTY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,742

Year Built

  • Built in 1948

Lot Details

  • 0.25 Acre Lot
  • Property is zoned Multiple-Family Residential District

Parking

  • Driveway

Home Design

  • Concrete Foundation
  • Shingle Roof
  • Lap Siding

Interior Spaces

  • 1,514 Sq Ft Home
  • Vinyl Clad Windows
  • Wood Frame Window
  • Den
  • Natural lighting in basement
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Hunter Elementary School
  • Ryan Middle School
  • Lathrop High School

Utilities

  • Hot Water Baseboard Heater
  • Heating System Uses Oil
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 7A
  • Assessor Parcel Number 0088901

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,742

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: SINGLE FAMILY
  • Style: Daylight Basement
  • Single Family Options: DETACHED
  • Age: 31 + yrs
  • Estimated Sq Ft: 1514
  • Fire Service: Public
  • Price Per Sq Ft: 122.19
  • Year Built: 1948
  • Subd Township Range: Rickert Homestead
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Smoke Detectors
  • Windows: Vinyl, Wood
  • Number Of Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Other Rooms: Den/Study/Office, Arctic Entry

Exterior Features

  • Construction: 2x4
  • Exterior Features: Cable TV, Internet Available, Paved Driveway, Pull Through Driveway
  • Exterior Finish: Lap Siding
  • Foundation: Concrete Block
  • Road Service: Public
  • Roof: Shingle

Utilities

  • Heating: Hot Water Baseboard
  • Sewer: Public
  • Water: Public

Schools

  • Elementary School: Hunter
  • Middle School: Ryan
  • High School: Lathrop

Lot Info

  • Estimated Lot Sq Ft: 10940
  • Assessments: Unknown
  • Flood Zone: X500
  • Geo Subdivision: AK
  • Lot Tax Lot: 7A
  • Mill Rate: 19.7630
  • Number Of Acres: 0.25
  • Zoning: Multiple-Family Residential District
  • Zoning Overlay: unknown

Tax Info

  • Taxes: 3741.84
  • Assessor Parcel Number: 0088901

MLS Schools

  • Elementary School: Hunter
  • Senior High School: Lathrop
  • Middle School: Ryan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2021
Closed on
Jul 27, 2021
Sold by
Stephenson David B and Stephenson Linda G
Bought by
Malaepule Faolua
Seller's Agent
Joel Johnson
EMPIRE REALTY, LLC
Buyer's Agent
Blake Schreckhise
EXP REALTY, LLC
List Price
$175,000
Current Estimated Value
$214,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.74%
Original Mortgage
$188,237
Outstanding Balance
$173,071
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$68,159
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Malaepule Faolua -- Fidelity Ttl Agcy Of Ak Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malaepule Faolua $188,237
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2021 08/02/21 Sold -- -- --
06/03/2021 06/03/21 Pending -- -- --
05/27/2021 05/27/21 For Sale $175,000 0.0% $116 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
05/05/2021 05/05/21 Price Changed $175,000 0.0% $116 / Sq Ft
05/05/2021 05/05/21 For Sale $175,000 -12.5% $116 / Sq Ft
03/15/2021 03/15/21 Pending -- -- --
02/19/2021 02/19/21 For Sale $199,900 -- $132 / Sq Ft
Source: Greater Fairbanks Board of REALTORS®

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
2024 $3,991 $241,685 $22,969 $218,716
2023 $3,986 $239,871 $22,969 $216,902
2022 $3,857 $213,766 $22,969 $190,797
2021 $0 $187,647 $22,969 $164,678
2020 $3,604 $184,091 $22,969 $161,122
2019 $3,749 $189,336 $22,969 $166,367
2018 $3,749 $189,070 $22,969 $166,101
2017 $3,288 $184,831 $22,969 $161,862
2016 $3,067 $179,703 $22,969 $156,734
2015 $3,256 $177,283 $22,969 $154,314
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Fairbanks Board of REALTORS®

MLS Number: 146213

Greater Fairbanks Board of REALTORS®

APN: 88901