$614,900
SOLD APR 1, 2025
Last list price

5891 E Gershmel Loop Palmer, AK 99645

Gateway Neighborhood
4 Beds
2.5 Baths
2,519 Sq Ft
4.15 Acres

Recently Sold

$244 Per Sq Ft

2 Days on Market

Highlights

  • Peek-A-Boo Views
  • Deck
  • Private Yard
  • 4.15 Acre Lot
  • Wood Burning Stove
  • Den

About This Home

As of April 2025

Nestled on over 4 acres of serene land, this charming home offers a peaceful retreat with ample space to enjoy nature and privacy. The main floor features a spacious kitchen, perfect for gatherings or culinary enthusiasts, along with an inviting dining & living area that boasts large windows, allowing for abundant natural light to fill the home.Upstairs, you'll find cozy and comfortable bedrooms, offering a restful escape. The full basement presents endless possibilities, providing excellent space to customize for your unique lifestyle needs. Whether you're looking for a quiet sanctuary or a place to grow, this home offers the ideal setting.

Last Agent to Sell the Property

C Gamez Homes Corp

Real Broker Alaska License #500038 Listed on: 02/08/2025

Real Broker Alaska

Last Buyer's Agent

Klint Branum

Century 21 Realty Solutions - Eagle River License #125093

Century 21 Realty Solutions - Eagle River

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,311

Year Built

  • Built in 1982

Lot Details

  • 4.15 Acre Lot
  • Gentle Sloping Lot
  • Private Yard
  • Zoning described as Unknown (re: all MSB)

Parking

  • 2 Car Attached Garage
  • 2 Attached Carport Spaces
  • Open Parking

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,519 Sq Ft Home
  • Ceiling Fan
  • Fireplace
  • Wood Burning Stove
  • Family Room
  • Den
  • Peek-A-Boo Views
  • Fire and Smoke Detector
  • Washer and Dryer
  • Basement

Kitchen

  • Double Oven
  • Gas Cooktop
  • Dishwasher
  • Trash Compactor

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Deck
  • Shed

Schools

  • Machetanz Elementary School
  • Teeland Middle School
  • Colony High School

Utilities

  • Baseboard Heating
  • Private Water Source
  • Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,311

Year Built

Built in 1982

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 4.15
  • Road Frontage Type: Dedicated Road
  • Road Surface Type: Paved
  • Directions: Parks Hwy, off Trunk, turn left, go 1st rt in r-about, left on 1st Gershmel Loop, stay right, house on right or Parks Hwy to Hyer, turn left , left on Fireweed, left Gershmel Loop, house on left
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: Tri-Level
  • New Construction: No
  • Property Attached Yn: No
  • Structure Type: Single Family Res
  • Year Built: 1982
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Double Oven, Gas Cooktop, Refrigerator, Trash Compactor, Washer &/Or Dryer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning Stove
  • Fireplace: Yes
  • Flooring: Carpet, Laminate
  • Interior Amenities: Basement, Ceiling Fan(s), Den &/Or Office, Family Room
  • Living Area: 2519

Exterior Features

  • Topography: Gently Rolling
  • View: Partial
  • View: Yes
  • Waterfront Features: None, No Access
  • Waterfront: No
  • Disclosures: Prop Discl Available
  • Home Warranty: No
  • Common Walls: No Common Walls
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Private Yard
  • Foundation Details: Concrete Perimeter
  • Other Structures: Workshop, Greenhouse, Shed(s)
  • Patio And Porch Features: Deck/Patio
  • Property Condition: Existing Structure
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 2
  • Covered Parking Spaces: 4
  • Garaged Spaces: 2
  • Open Parking: Yes
  • Parking Features: Garage Door Opener, Paved, RV Access/Parking, Attached, Heated Garage, No Carport
  • Total Parking Spaces: 4

Utilities

  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Heating: Baseboard, Natural Gas
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Private

Schools

  • Elementary School: Machetanz
  • High School: Colony
  • Middle Or Junior School: Teeland

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 180774
  • Mobile Dim Units: Feet
  • Zoning Description: Unknown (re: all MSB)
  • Zoning: UNK
  • ResoLotSizeUnits: Acres

Green Features

Multi Family

Tax Info

  • Tax Map Number: WA09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2009
Sold by
Garrity Laurence P and Garrity Sandra
Bought by
Basnett Troy D and Basnett April L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,186
Interest Rate
5.09%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 18, 2001
Sold by
Seaman Joseph and Seaman Lora L
Bought by
Garrity Laurence P and Garrity Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,750
Interest Rate
7.14%
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 -- Pnt
Warranty Deed -- Mckinley Title & Trust
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $565,000 VA
Closed $244,000 New Conventional
Closed $313,186 FHA
Previous Owner $231,750 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 Sold -- -- --
02/17/2025 02/17/25 Pending -- -- --
02/14/2025 02/14/25 For Sale $614,900 +8.8% $244 / Sq Ft
03/30/2023 03/30/23 Sold -- -- --
02/03/2023 02/03/23 Pending -- -- --
12/01/2022 12/01/22 For Sale $565,000 0.0% $224 / Sq Ft
11/29/2022 11/29/22 Price Changed $565,000 -- $224 / 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 $2,311 $468,000 $70,600 $397,400
2024 $2,311 $451,100 $70,600 $380,500
2023 $1,859 $411,700 $70,600 $341,100
2022 $2,220 $377,900 $70,600 $307,300
2021 $1,840 $338,200 $70,600 $267,600
2020 $5,000 $317,200 $70,600 $246,600
2019 $1,449 $309,200 $70,600 $238,600
2018 $1,345 $303,100 $70,600 $232,500
2017 $1,331 $302,200 $70,600 $231,600
2016 $1,343 $305,000 $70,600 $234,400
2015 $4,328 $291,000 $62,300 $228,700
2014 $4,328 $286,900 $62,300 $224,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alaska Multiple Listing Service

MLS Number: 25-1276

Alaska Multiple Listing Service

APN: 2224000L001