$429,900
SOLD JUN 27, 2024
Last list price
6 Beds
3 Baths
3,008 Sq Ft
0.4 Acres

Recently Sold

$143 Per Sq Ft

5 Days on Market

Highlights

  • RV Access or Parking
  • 0.4 Acre Lot
  • Lawn
  • Primary Bedroom Suite
  • Deck
  • 4-minute walk to Glass Park

About This Home

As of June 2024

Prime Multi-Family Investment Opportunity in Fairbanks Discover the perfect blend of comfort and investment potential with this exceptional multi-family property, ideally situated just 5 minutes from downtown Fairbanks and a short stroll from the scenic Chena River. This attractive property offers a lucrative opportunity for investors or homeowners seeking to supplement their income. Upper Unit: Experience the comfort of a well-appointed 3-bedroom, 2-bathroom unit, featuring a generous primary suite. This unit boasts in-unit laundry facilities and a spacious 2-car garage, adding convenience to daily living. The expansive back deck overlooks a double lot, providing an ideal setting for outdoor entertaining and leisure. Lower Unit: Step into the fully remodeled 3-bedroom, 1-bathroom unit, designed with modern living in mind. This space includes its own private laundry facilities, offering complete autonomy and convenience for occupants. Currently under-rented at $1700/month through July, there is significant potential to increase returns. Efficient Heating: The recent installation of a natural gas boiler enhances the property’s efficiency and cost-effectiveness, ensuring a steady cash flow and reduced maintenance concerns. Whether as an investment or a personal residence with added income potential, this property promises to be ideal for both!

Last Agent to Sell the Property

Jewel Addison

SUMMIT REALTY GROUP License #RECS16636 Listed on: 05/13/2024

Last Buyer's Agent

Dan Kiernan

MAJORS REALTY GROUP, LLC License #189911

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,849

Year Built

  • Built in 1969

Lot Details

  • 0.4 Acre Lot
  • Fenced
  • Lawn
  • Garden

Home Design

  • Duplex
  • Concrete Foundation
  • Shingle Roof
  • Plywood Siding Panel T1-11

Interior Spaces

  • 3,008 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Laminate Flooring
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom Suite
  • 3 Full Bathrooms

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Driveway
  • RV Access or Parking

Outdoor Features

  • Deck
  • Shed

Schools

  • Anne Wien Elementary School
  • Tanana Middle School
  • Lathrop High School

Utilities

  • Hot Water Baseboard Heater
  • Heating System Uses Natural Gas
  • Internet Available
  • Phone Available

Listing and Financial Details

  • Tax Lot Lots 3 & 4
  • Assessor Parcel Number 0075434

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,849

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: DUPLEX
  • Style: 2 Story
  • Single Family Options: DETACHED
  • Access: Paved, Maintained
  • Age: 31 + yrs
  • Estimated Sq Ft: 3008
  • Fire Service: Public
  • Price Per Sq Ft: 142.95
  • Year Built: 1969
  • Subd Township Range: Hamilton Acres
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances Equipment: Range/Oven, Dishwasher, Garbage Disposal, Microwave, Refrigerator, Washer, Dryer, Ceiling Fan, Garage Door Opener
  • Interior Amenities: Smoke Detectors, Laminate Flooring
  • Windows: Double Pane
  • Number Of Bedrooms: 6
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Laundry: Upper Level, Lower Level
  • Other Rooms: Master Suite

Exterior Features

  • Construction: 2x6
  • Exterior Features: Deck/Patio, RV Parking, Fence, Shed, Lawn, Garden Area, Internet Available, Telephone Service, Paved Driveway
  • Exterior Finish: T1-11
  • Foundation: Concrete Block
  • Road Service: Public
  • Roof: Shingle

Garage/Parking

  • Garage Type: Attached/HTD
  • Garage Capacity: 2
  • Estimated Garage Sq Ft: 630

Utilities

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

Schools

  • Elementary School: Anne Wien
  • Middle School: Tanana
  • High School: Lathrop

Lot Info

  • Estimated Lot Sq Ft: 21000
  • Assessments: Unknown
  • Flood Zone: X
  • Geo Subdivision: AK
  • Lot Tax Lot: Lots 3 & 4
  • Mill Rate: 16.619
  • Number Of Acres: 0.4
  • Zoning: Two-Family Residential District

Tax Info

  • Taxes: $4,866.18
  • Assessor Parcel Number: 0075434

MLS Schools

  • Elementary School: Anne Wien
  • Senior High School: Lathrop
  • Middle School: Tanana

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2024
Closed on
Jun 26, 2024
Sold by
Newman Travis E
Bought by
Payne Eleanor and Wood Cheryl Ann
Seller's Agent
Jewel Addison
SUMMIT REALTY GROUP
Buyer's Agent
Dan Kiernan
MAJORS REALTY GROUP, LLC
List Price
$429,900
Sold Price
$430,000
Premium/Discount to List
$100
0.02%
Total Days on Market
5
Views
12
Current Estimated Value
$338,587

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$91,413
Avg. Annual Appreciation
-22.24%
Original Mortgage
$215,000
Outstanding Balance
$213,383
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$125,204

Purchase Details

Closed on
Nov 22, 2022
Sold by
Newman Travis E
Bought by
Alaska Department Of Environmental Conservati

Purchase Details

Closed on
Dec 22, 2020
Sold by
Newman Travis E and Newman Gennifer E
Bought by
Newman Travis E

Purchase Details

Closed on
Oct 12, 2017
Sold by
Vanflein Barbara
Bought by
Newman Travis E and Micket Gennifer E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
3.78%
Mortgage Type
New Conventional
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 Listed On Document
Deed -- --
Quit Claim Deed -- Accommodation/Courtesy Recordi
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $215,000 New Conventional
Previous Owner $236,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2024 06/27/24 Sold -- -- --
05/18/2024 05/18/24 Pending -- -- --
05/13/2024 05/13/24 For Sale $429,900 -- $143 / 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 $4,849 $343,642 $67,200 $276,442
2023 $4,866 $342,809 $67,200 $275,609
2022 $4,839 $308,628 $67,200 $241,428
2021 $0 $286,945 $67,200 $219,745
2020 $4,632 $277,919 $67,200 $210,719
2019 $4,724 $272,485 $67,200 $205,285
2018 $4,724 $277,682 $67,200 $210,482
2016 $4,014 $235,178 $67,200 $167,978
2015 $4,213 $235,318 $67,200 $168,118
2014 $4,213 $233,666 $67,200 $166,466
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Fairbanks Board of REALTORS®

MLS Number: 155128

Greater Fairbanks Board of REALTORS®

APN: 75434