$650,000
SOLD JUN 18, 2025
Last list price

2003 N Penny Ln Palmer, AK 99645

5 Beds
3 Baths
2,316 Sq Ft
1.92 Acres

Recently Sold

$289 Per Sq Ft

113 Days on Market

Highlights

  • Horses Allowed On Property
  • Wood Burning Stove
  • Fireplace
  • Deck
  • Quartz Countertops
  • 8 Car Attached Garage

About This Home

As of June 2025

1.92 Acres, Huge Shop, Horse Property, NO HOA, just outside Palmer city limits, 2 bed MIL Apt, Mezzanine above in shop currently set up as entertainment area w/theatre, pool table, game table & bar area. Multi Family or Residential investment property. 1600 Sq ft home built in 1996 & shop w/MIL built in 2021. Wood stove, fenced yard & shed. 2400 Sq Ft 40x60 Shop w/14' & 16' doors. new roof 2024

Last Agent to Sell the Property

Cory Stanley

Elite Real Estate Group License #18824 Listed on: 01/29/2025

Last Buyer's Agent

Sarah Langford

Keller Williams Realty Alaska Group of Wasilla License #19055

Keller Williams Realty Alaska Group of Wasilla

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,185

Year Built

  • Built in 1996

Lot Details

  • 1.92 Acre Lot
  • Suitable for Bed and Breakfast
  • Zoning described as Unknown (re: all MSB)

Parking

  • 8 Car Attached Garage
  • Attached Carport
  • Tandem Parking

Home Design

  • Block Foundation
  • Shingle Roof
  • Composition Roof
  • Asphalt Roof

Interior Spaces

  • 2,316 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fireplace
  • Wood Burning Stove
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • <<microwave>>
  • Dishwasher
  • Quartz Countertops
  • Wood Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Deck
  • Shed

Schools

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

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Forced Air Heating System
  • Electricity To Lot Line
  • Private Water Source
  • Well
  • Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,185

Year Built

Built in 1996

Lot Details

0

Parking

8

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Horses: Yes
  • Lot Size Acres: 1.92
  • Directions: Heading N on Glenn toward Palmer Turn L at Palmer Wasilla Hwy, R at Hemmer, R at E Palmer Moose Dr, R at Penny Ln, home at end of road on left.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Structure Type: B & B Potential, Single Family Res
  • Year Built: 1996
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Microwave, Range/Oven, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Wood Burning Stove
  • Fireplace: Yes
  • Flooring: Carpet, Luxury Vinyl, Tile
  • Interior Amenities: Ceiling Fan(s), Pantry, Quartz Counters, Wood Counters
  • Living Area: 2316

Exterior Features

  • Lot Features: Fire Service Area, Horse Property, Landscaped, Poultry Allowed, Road Service Area
  • Topography: Level
  • View: No
  • Waterfront Features: None, No Access
  • Waterfront: No
  • Disclosures: Prop Discl Available
  • Home Warranty: No
  • Common Walls: No Common Walls
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Block
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck/Patio
  • Property Condition: Existing Structure
  • Roof: Asphalt, Composition, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 8
  • Garaged Spaces: 8
  • Parking Features: Garage Door Opener, RV Access/Parking, Attached, Detached, Heated Garage, Other, Tandem, No Carport
  • Total Parking Spaces: 8

Utilities

  • Laundry Features: Washer &/Or Dryer Hookup
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Heating: Forced Air
  • Heating Yn: Yes
  • Electricity On Property: Yes
  • Sewer: Septic Tank
  • Utilities: Electric
  • Water Source: Private, 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: 83635.2
  • Mobile Dim Units: Feet
  • Zoning Description: Unknown (re: all MSB)
  • Zoning: UNK

Green Features

Multi Family

Tax Info

  • Tax Map Number: PA05

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2013
Closed on
Oct 1, 2013
Sold by
Greenstreet Investments Llc
Bought by
Markos Benny Nick
Seller's Agent
Marty Van Diest
Valley Market Real Estate
List Price
$230,000
Sold Price
$232,000
Premium/Discount to List
$2,000
0.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.57%
Original Mortgage
$236,649
Outstanding Balance
$179,360
Interest Rate
4.57%
Mortgage Type
VA
Estimated Equity
$311,316

Purchase Details

Closed on
Jul 24, 2012
Sold by
Folkestad Pamela F and Folkestad Orlyn H
Bought by
Greenstreet Investments Llc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- Mat Su Title Ins Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $236,649 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 For Rent $2,700 0.0% --
06/18/2025 06/18/25 Sold -- -- --
05/22/2025 05/22/25 Pending -- -- --
05/09/2025 05/09/25 Price Changed $650,000 -3.0% $281 / Sq Ft
04/16/2025 04/16/25 For Sale $670,000 0.0% $289 / Sq Ft
02/04/2025 02/04/25 Pending -- -- --
01/29/2025 01/29/25 For Sale $670,000 0.0% $289 / Sq Ft
01/29/2025 01/29/25 Rented $2,400 +60.0% --
01/21/2025 01/21/25 Rented $1,500 0.0% --
12/13/2024 12/13/24 For Rent $1,500 -37.5% --
12/13/2024 12/13/24 For Rent $2,400 0.0% --
10/02/2013 10/02/13 Sold -- -- --
08/03/2013 08/03/13 Pending -- -- --
05/10/2013 05/10/13 For Sale $230,000 -- $144 / 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 $7,185 $681,400 $52,800 $628,600
2024 $7,185 $635,500 $52,800 $582,700
2023 $3,820 $347,100 $52,800 $294,300
2022 $3,675 $317,700 $52,800 $264,900
2021 $3,671 $286,000 $52,800 $233,200
2020 $3,596 $270,500 $52,800 $217,700
2019 $3,521 $262,400 $52,800 $209,600
2018 $3,458 $878,400 $52,800 $825,600
2017 $3,398 $254,700 $52,800 $201,900
2016 $3,445 $265,600 $52,800 $212,800
2015 $460 $254,900 $52,800 $202,100
2014 $460 $233,000 $36,000 $197,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alaska Multiple Listing Service

MLS Number: 25-972

Alaska Multiple Listing Service

APN: 4753B01L003B-2