$342,000
SOLD MAY 27, 2025
Last list price

343 S Bailey St Palmer, AK 99645

4 Beds
2 Baths
1,600 Sq Ft
6,534 Sq Ft Lot

Recently Sold

24 Days on Market

Highlights

  • Views
  • Forced Air Heating System
  • Carpet

About This Home

As of May 2025

Amazing location in the heart of downtown Palmer. This affordable home offers a studio unit with its own bath and kitchen for extra income or for someone who just needs their own space. You could rent either unit, both, or neither, plenty of options! Fresh paint and other upgrades, corner lot, income potential, and location, what more could you ask for with this affordable price!

Last Agent to Sell the Property

Tyler Bobo Realty Group

Keller Williams Realty Alaska Group of Wasilla License #500076 Listed on: 01/23/2025

Keller Williams Realty Alaska Group of Wasilla

Last Buyer's Agent

Avonlea Guthrie

DBL Eagle Real Estate & Inv., LTD License #143533

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,775

Year Built

  • Built in 1976

Parking

  • 4 Parking Spaces

Home Design

  • 1,600 Sq Ft Home
  • Duplex

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Schools

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

Additional Features

  • 6,534 Sq Ft Lot
  • Forced Air Heating System
  • Property Views

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,775

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Road Surface Type: Paved
  • Directions: From S. Alaska St in Palmer, West on W. Cottonwood Ave, property on Right, on the corner of Cottonwood and S. Bailey.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Duplex
  • Year Built: 1976
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Total Bedrooms: 4
  • Flooring: Carpet, Laminate
  • Living Area: 1600

Exterior Features

  • Topography: Level
  • View: Mountain(s)
  • View: Yes
  • Waterfront Features: No Access, None
  • Waterfront: No
  • Construction Type: Frame
  • Foundation Details: Concrete Perimeter
  • Property Condition: Existing Structure

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Carport, No Garage
  • Total Parking Spaces: 4

Utilities

  • Laundry Features: Washer/Dryer HkUp
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

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

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 6534
  • Mobile Dim Units: Feet
  • Zoning Description: Single Family Res (re: Cities Palmer/Wasilla)
  • Zoning: R1

Green Features

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Map Number: PA05

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2005
Sold by
Motter Jerome Martin
Bought by
Wade Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
6.02%
Mortgage Type
Credit Line Revolving
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 Type Sale Price Title Company
Warranty Deed -- Mat Su Title Ins Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $63,500 Credit Line Revolving
Closed $20,000 Credit Line Revolving
Closed $85,714 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 Sold -- -- --
02/18/2025 02/18/25 Pending -- -- --
02/08/2025 02/08/25 Price Changed $342,000 0.0% $214 / Sq Ft
02/08/2025 02/08/25 For Sale $342,000 +3.6% $214 / Sq Ft
01/29/2025 01/29/25 Pending -- -- --
01/24/2025 01/24/25 For Sale $330,000 -- $206 / 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 $2,775 $250,200 $35,000 $215,200
2024 $2,775 $236,200 $35,000 $201,200
2023 $2,627 $230,500 $35,000 $195,500
2022 $2,504 $210,400 $35,000 $175,400
2021 $2,431 $187,800 $35,000 $152,800
2020 $2,401 $180,200 $35,000 $145,200
2019 $2,241 $167,400 $35,000 $132,400
2018 $2,244 $168,300 $35,000 $133,300
2017 $2,169 $162,700 $35,000 $127,700
2016 $2,137 $164,600 $24,000 $140,600
2015 $1,648 $162,700 $24,000 $138,700
2014 $1,648 $159,700 $24,000 $135,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alaska Multiple Listing Service

MLS Number: 25-756

Alaska Multiple Listing Service

APN: 5001B05L007