$52,500
SOLD SEP 7, 2018
Last list price

7603 E Downstream Dr Palmer, AK 99645

Gateway Neighborhood
0.79 Acre
$66,456 Price per Acre
34,412 Sq Ft Lot

Recently Sold

$29 Per Sq Ft

170 Days on Market

Highlights

  • Home fronts a creek
  • Partially Wooded Lot
  • Views

About This Lot

As of January 2022

Beautiful subdivision located off Old Trunk Road. Close to Mat-Su Regional hospital. Excellent commuter location! Paved Streets, underground utilities & community water. HOA dues $72/mo. to include water.Listing licensee also a member of the WCC HOA ARC and related to developer.

Last Agent to Sell the Property

Alaska Real Estate Group

Keller Williams Realty Alaska Group Listed on: 03/01/2018

Last Buyer's Agent

Michelle Cornelius

RE/MAX Dynamic of the Valley - IMEX

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $775

Lot Details

  • 0.79 Acre Lot
  • Home fronts a creek
  • Partially Wooded Lot
  • Zoning described as Unknown (re: all MSB)

HOA Fees

  • $72 Monthly HOA Fees

Schools

  • Pioneer Peak Elementary School
  • Colony Middle School
  • Colony High School

Utilities

  • Electricity To Lot Line

Additional Features

  • Property Views

Community Details

  • Wasilla Creek Commons HOA

Property Details

Property Type

Land

Est. Annual Taxes

$775

Lot Details

0

HOA Fees

$72 per month

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 0.79
  • Road Surface Type: Paved
  • Water Body Name: Wasilla Creek
  • Directions: Parks Highway to Trunk Rd exit. N on Trunk Road to Left on College Drive. Turn right onto Old Trunk Road. Left onto E Tributary Left onto E Downstream.
  • ResoPropertyType: Land
  • Special Features: None

Exterior Features

  • Lot Features: Covenants, Fire Service Area, Southern Exposure, Views
  • Topography: Gently Rolling,Level
  • View: Mountain(s)
  • View: Yes
  • Waterfront Features: Creek Access, Creek
  • Waterfront: Yes

Utilities

  • Electricity On Property: Yes
  • Utilities: Electricity Connected, Underground Utilities, Natural Gas Connected, Septic - None, Well - Community, Cable Available

Condo/Co-op/Association

  • Association Fee: 72
  • Association Fee Frequency: Monthly
  • Association Name: Wasilla Creek Commons HOA
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Schools

  • Elementary School: Pioneer Peak
  • High School: Colony
  • Middle Or Junior School: Colony

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Current Use: Residential
  • Lot Size Sq Ft: 34412.4
  • Mobile Dim Units: Feet
  • Zoning Description: Unknown (re: all MSB)
  • Zoning: UNK
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

Tax Info

  • Tax Annual Amount: 775
  • Tax Map Number: WA09
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2021
Closed on
Jan 4, 2022
Sold by
Gedz Mikhail
Bought by
Massmann Steven Morris
Seller's Agent
Lori Leahy
RE/MAX Dynamic of the Valley
Buyer's Agent
Lori Leahy
RE/MAX Dynamic of the Valley
List Price
$450,000
Sold Price
$453,000
Premium/Discount to List
$3,000
0.67%
Current Estimated Value
$524,190

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,190
Avg. Annual Appreciation
4.31%
Original Mortgage
$140,000
Outstanding Balance
$129,816
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$394,374

Purchase Details

Listed on
Mar 1, 2018
Closed on
Sep 6, 2018
Sold by
Gravier Llc
Bought by
Massmann Steven
Seller's Agent
Alaska Real Estate Group
Keller Williams Realty Alaska Group
Buyer's Agent
Michelle Cornelius
RE/MAX Dynamic of the Valley - IMEX
List Price
$52,500
Sold Price
$50,000
Premium/Discount to List
-$2,500
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
93.83%
Source: Public Records

Range of Values:

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Average Value
Not Available
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 -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $140,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2022 01/04/22 Sold -- -- --
04/08/2021 04/08/21 For Sale $450,000 +757.1% $250 / Sq Ft
04/07/2021 04/07/21 Pending -- -- --
09/07/2018 09/07/18 Sold -- -- --
08/20/2018 08/20/18 Pending -- -- --
03/02/2018 03/02/18 For Sale $52,500 -- $29 / 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 $6,013 $485,800 $49,000 $436,800
2024 $6,013 $469,400 $49,000 $420,400
2023 $5,787 $459,900 $49,000 $410,900
2022 $5,761 $415,000 $49,000 $366,000
2021 $750 $49,000 $49,000 $0
2020 $772 $49,000 $49,000 $0
2019 $779 $49,000 $49,000 $0
2018 $775 $49,000 $49,000 $0
2017 $775 $49,000 $49,000 $0
2016 $757 $49,000 $49,000 $0
2015 $606 $45,000 $45,000 $0
2014 $606 $45,000 $45,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Alaska Multiple Listing Service

MLS Number: 18-3030

Alaska Multiple Listing Service

APN: 6893B02L002