JT Morgan
HEDGECOCK GROUP REAL ESTATE, LLC
(888) 401-0093
113 Total Sales
3 in Northeast City
$120K - $428K Price Range
515 Farewell Ave Fairbanks, AK 99701
Northeast City Neighborhood
--
Bed
6
Baths
3,200
Sq Ft
9,148
Sq Ft Lot
About This Home
As of July 2021Investors! Here is a rare opportunity to pick up a 6-plex near the back gate of Ft. Wainwright. Owners report a low vacancy rate and each unitrents out from $700 to $900 a month with tenants paying their own electric in 4 out of the 6 units. A non-disclosure agreement is required torelease financial data and the CAP rate is estimated to be in excess of 9%.
Last Agent to Sell the Property
The Walden Team
Keller Williams Realty Alaska Group License #500005 Listed on: 01/21/2021
Last Buyer's Agent
The Walden Team
Keller Williams Realty Alaska Group License #500005 Listed on: 01/21/2021
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 9,148
Home Design
- 3,200 Sq Ft Home
- Block Foundation
- Wood Frame Construction
Schools
- Nordale Elementary School
- Tanana Middle School
- Lathrop High School
Additional Features
- 6 Full Bathrooms
- 9,148 Sq Ft Lot
- Forced Air Heating System
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 11, 2023
Sold by
Bought by
Purchase Details
Listed on
Jan 21, 2021
Closed on
Jul 7, 2021
Sold by
Bought by
Seller's Agent
The Walden Team
Keller Williams Realty Alaska Group
Buyer's Agent
The Walden Team
Keller Williams Realty Alaska Group
List Price
$284,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,200
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 13, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,618
Interest Rate
6.66%
Mortgage Type
FHA
Purchase Details
Closed on
Nov 15, 2004
Sold by
Bought by
Purchase Details
Closed on
Apr 17, 2004
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Northeast City, AK
-
JT Morgan
-
Nic Williams
Nic Williams
THE REAL ESTATE COLLECTIVE
(907) 917-4726
395 Total Sales
26 in Northeast City
$55K - $450K Price Range
-
Kelly Paschall
Kelly Paschall
ALASKA REAL ESTATE VALUES
(888) 455-6223
77 Total Sales
6 in Northeast City
$130K - $415K Price Range
-
Dan Kiernan
Dan Kiernan
MAJORS REALTY GROUP, LLC
(888) 417-7952
125 Total Sales
8 in Northeast City
$330K - $475K Price Range
-
Kirk Maynard
Kirk Maynard
NEXTHOME ARCTIC SUN
(844) 293-4488
81 Total Sales
12 in Northeast City
$99K - $390K Price Range
-
Bobby Desrochers
Bobby Desrochers
GOLD STANDARD REAL ESTATE SERVICES, LLC
(844) 432-0533
264 Total Sales
27 in Northeast City
$28K - $760K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Stewart Title | ||
| -- | Fidelity Ttl Agcy Of Ak Llc | ||
| -- | Fairbanks Title Agency Inc | ||
| -- | Fairbanks Title Agency Inc | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $247,200 | ||
| Previous Owner | $183,618 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/13/2021 07/13/21 | Sold | -- | -- | -- |
| 04/20/2021 04/20/21 | Pending | -- | -- | -- |
| 01/21/2021 01/21/21 | For Sale | $284,900 | -- | $89 / Sq Ft |
Source: Alaska Multiple Listing Service
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $4,230 | $257,098 | $36,000 | $221,098 |
| 2024 | $4,245 | $257,098 | $36,000 | $221,098 |
| 2023 | $4,221 | $253,994 | $36,000 | $217,994 |
| 2022 | $4,421 | $245,001 | $36,000 | $209,001 |
| 2021 | $0 | $210,617 | $36,000 | $174,617 |
| 2020 | $4,123 | $210,617 | $36,000 | $174,617 |
| 2019 | $3,980 | $200,192 | $36,000 | $164,192 |
| 2018 | $3,980 | $200,713 | $36,000 | $164,713 |
| 2017 | $3,024 | $170,027 | $36,000 | $134,027 |
| 2016 | $2,925 | $171,381 | $36,000 | $135,381 |
| 2015 | $2,941 | $171,381 | $36,000 | $135,381 |
| 2014 | $2,941 | $171,381 | $36,000 | $135,381 |
Source: Public Records
Agents Affiliated with this Home
-
T
Seller's Agent in 2021
The Walden Team
Keller Williams Realty Alaska Group
Map
Source: Alaska Multiple Listing Service
MLS Number: 21-765
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than Ten-X are marked with either the listing brokerage’s logo or the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Copyright 2026 Alaska Multiple Listing Service, Inc. All rights reserved.
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