555 S Lower Rd Palmer, AK 99645
South Lakes NeighborhoodEstimated payment $3,510/month
Highlights
- Home fronts a pond
- Deck
- Private Yard
- Cottonwood Creek Elementary School Rated 9+
- Quartz Countertops
- Baseboard Heating
About This Home
Appraisal @ $675,000 - $25,000 Equity Right Away!! Successful Well & Septic!! Two Historic 1935 Colony Barns haylofts transported & fully remodeled onto New Construction (2023) buildings totaling just under 3000sq ft. Situated between Palmer and Wasilla on 1.89 unrestricted acres with 2 wells onsite. 236ft of water frontage & Wasilla creek running down the West side.All the hard work has been done for you! 9000sq ft of beautiful sod lawn laid, the transport & installation of the 40ft silo, this property is nothing short of spectacular!
The large barn upper level 1024sq ft with a 16x32 walking deck, half bath with a second set of stairs for a second back side entry location. It has its original barn wood rafters that have been professionally sand blasted, luxury vinyl plank flooring, custom lighting fixtures, light Trex deck, log siding, original galvanized s panel & gorgeous metal roofing.
The lower level has two bedrooms, two full baths, full living room & kitchen with 20mil commercial grade luxury vinyl plank flooring, in floor heat, quartz countertops & window seals, real wooden doors, custom tile in bathrooms, washer/ dryer, hot water on demand and an A/C radiant heat- mini splits w heat pump heating system.
A second building features a kitchen, living room, full bathroom and upper-level bedroom, shiplap walls, luxury vinyl plank & tile flooring, original colony window accents and on the exterior is log as well as artistic uniquely hand crafted concrete log!!
The project caught the eye of the "Fixer Upper" couple Chip & Joanna Gaines "Magnolia Network" and they filmed a tv show! The episode can be seen on HBO Max, Discovery & Magnolia. "In With the Old" Season 5, Episode 8 (Alaska Barn Rescue)
It has also being featured on American Dream Television in Summer 2025!!!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $924
Year Built
- Built in 2023
Lot Details
- 1.98 Acre Lot
- Home fronts a pond
- Private Yard
- Suitable for Bed and Breakfast
- Property is zoned UNZ, Not Zoned-all MSB but Palmer/Wasilla/Houston
Home Design
- Metal Roof
Interior Spaces
- 2,783 Sq Ft Home
- 2-Story Property
- Family Room
- Fire and Smoke Detector
- Washer and Dryer
Kitchen
- Dishwasher
- Quartz Countertops
Bedrooms and Bathrooms
- 3 Bedrooms
Outdoor Features
- Deck
Schools
- Btv-Undiscl By Ll Elementary And Middle School
- Btv-Undiscl By Ll High School
Utilities
- Radiant Heating System
- Baseboard Heating
- Electricity To Lot Line
- Private Water Source
- Well
- Septic Tank
Map
Home Values in the Area
Average Home Value in this Area
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 | $924 | $537,400 | $42,300 | $495,100 |
| 2024 | $924 | $72,100 | $42,300 | $29,800 |
| 2023 | $881 | $70,000 | $42,300 | $27,700 |
| 2022 | $963 | $69,400 | $42,300 | $27,100 |
| 2021 | $1,019 | $66,600 | $42,300 | $24,300 |
| 2020 | $1,059 | $67,200 | $42,300 | $24,900 |
| 2019 | $1,063 | $66,900 | $42,300 | $24,600 |
| 2018 | $1,069 | $67,600 | $42,300 | $25,300 |
| 2017 | $1,107 | $70,000 | $42,300 | $27,700 |
| 2016 | $1,090 | $70,600 | $42,300 | $28,300 |
| 2015 | $1,004 | $65,000 | $36,000 | $29,000 |
| 2014 | $1,004 | $65,600 | $36,000 | $29,600 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | Price Changed | $650,000 | 0.0% | $234 / Sq Ft |
| 08/12/2025 08/12/25 | For Sale | $650,000 | +0.9% | $234 / Sq Ft |
| 07/10/2025 07/10/25 | Pending | -- | -- | -- |
| 06/19/2025 06/19/25 | Price Changed | $644,000 | -0.8% | $231 / Sq Ft |
| 05/01/2025 05/01/25 | For Sale | $649,000 | 0.0% | $233 / Sq Ft |
| 05/01/2025 05/01/25 | Off Market | -- | -- | -- |
| 03/03/2025 03/03/25 | For Sale | $649,000 | 0.0% | $233 / Sq Ft |
| 03/01/2025 03/01/25 | Pending | -- | -- | -- |
| 03/01/2025 03/01/25 | For Sale | $649,000 | 0.0% | $233 / Sq Ft |
| 03/01/2025 03/01/25 | Off Market | -- | -- | -- |
| 01/05/2025 01/05/25 | For Sale | $649,000 | 0.0% | $233 / Sq Ft |
| 01/01/2025 01/01/25 | Off Market | -- | -- | -- |
| 12/10/2024 12/10/24 | For Sale | $649,000 | 0.0% | $233 / Sq Ft |
| 12/10/2024 12/10/24 | Off Market | -- | -- | -- |
| 11/14/2024 11/14/24 | Price Changed | $649,000 | -7.2% | $233 / Sq Ft |
| 09/18/2024 09/18/24 | Price Changed | $699,000 | -6.4% | $251 / Sq Ft |
| 09/04/2024 09/04/24 | Price Changed | $747,000 | -6.3% | $268 / Sq Ft |
| 08/08/2024 08/08/24 | Price Changed | $797,000 | -5.9% | $286 / Sq Ft |
| 07/16/2024 07/16/24 | Price Changed | $847,000 | -5.6% | $304 / Sq Ft |
| 06/22/2024 06/22/24 | For Sale | $897,000 | +498.0% | $322 / Sq Ft |
| 05/13/2022 05/13/22 | Sold | -- | -- | -- |
| 04/13/2022 04/13/22 | Pending | -- | -- | -- |
| 03/21/2022 03/21/22 | For Sale | $150,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Administrators Deed | -- | None Available |
Source: Alaska Multiple Listing Service
MLS Number: 24-6937
APN: 6333B03L012
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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 2025 Alaska Multiple Listing Service, Inc. All rights reserved.
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