Seller's Agent in 2023
Michael Garza
ALASKA LIFE REALTY
(907) 347-9847
127 Total Sales
8 Eielson Place Fairbanks, AK 99702
Estimated Value: $293,000
0.15
Acre
$1,953,333
Price per Acre
6,840
Sq Ft Lot
About This Lot
As of December 2023Looking for an investment property with potential? Lot 14 in Block 8 at Gateway on Eielson St. might just be the hidden gem you've been seeking. Situated in a neighborhood that's slowly being updated, this 6,840 sq ft (.15 acres) parcel presents a unique opportunity for savvy investors to capitalize on the demand for rental homes in the area. Key Features: Size: 6,840 sq ft (.15 acres) Zoning: Multi-Family Residential Perfect for Rental Properties: Single Family, Duplex, Triplex Cleared and Ready for Development Close Proximity to Downtown City Water and Sewer Accessible Power and Internet Services Available Investment Potential: While the neighborhood might be a bit run down, it holds significant potential for those looking to invest in rental properties. Most homes in the area are rentals, making this lot an ideal spot for a lucrative income-generating venture. Whether you're considering a single-family residence or exploring the potential of a duplex or triplex, this lot is a blank canvas for your investment vision. Infrastructure Advantage: The availability of city water, sewer, power, and internet services makes the development process smoother and more cost-effective. You can focus on the design and construction of your investment property without the hassle of extensive infrastructure upgrades. Motivated Seller: The seller is motivated to sell quickly, recognizing the investment potential of this property. This is your chance to secure a piece of real estate in an area with increasing demand for rental properties. Vision for the Future: Transform this cleared lot into a lucrative investment property, contributing to the revitalization of the neighborhood. Take advantage of the current market conditions and make your mark in an area poised for growth. Don't miss out on this golden opportunity to turn a slightly run-down neighborhood into a thriving investment venture. Contact us now to schedule a viewing and explore the possibilities that Lot 14, Block 8 Gateway, holds for your investment portfolio.
Last Agent to Sell the Property
ALASKA LIFE REALTY License #105594 Listed on: 11/18/2023
Property Details
Property Type
- Land
Est. Annual Taxes
- $193
Lot Details
- 6,840 Sq Ft Lot
- Property is zoned Multiple-Family Residential District
Home Design
- Flat Roof Shape
Schools
- Joy Elementary School
- Ryan Middle School
- Lathrop High School
Utilities
- Phone Available
Listing and Financial Details
- Tax Lot 14
- Assessor Parcel Number 0066141
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 18, 2023
Closed on
Dec 20, 2023
Sold by
Igwe Davies Ihemelandu
Bought by
Mai Sally
Seller's Agent
Michael Garza
ALASKA LIFE REALTY
Buyer's Agent
JAMIE NAPOLSKI
NEXTHOME ARCTIC SUN
List Price
$13,500
Views
5
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
546.54%
Purchase Details
Closed on
May 1, 2019
Sold by
Minority Enterprises Inc
Bought by
Smith Evelyn
Purchase Details
Closed on
Jan 27, 2004
Sold by
Smith Moses
Bought by
Minority Enterprises Inc
Purchase Details
Closed on
Jan 22, 2004
Sold by
Little Ora W
Bought by
Smith Moses
Purchase Details
Closed on
Dec 3, 2003
Sold by
Cockerham Casey
Bought by
Little Ora W
Purchase Details
Closed on
Apr 13, 2002
Sold by
Cockerham Casey
Bought by
Lewis Thaddeus O
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
10%
Mortgage Type
Seller Take Back
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mai Sally | -- | None Listed On Document | |
| Mai Sally | -- | None Listed On Document | |
| Smith Evelyn | -- | None Available | |
| Minority Enterprises Inc | -- | -- | |
| Smith Moses | -- | -- | |
| Little Ora W | $33,941 | -- | |
| Lewis Thaddeus O | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lewis Thaddeus O | $50,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/21/2023 12/21/23 | Sold | -- | -- | -- |
| 11/27/2023 11/27/23 | Pending | -- | -- | -- |
| 11/18/2023 11/18/23 | For Sale | $13,500 | -- | -- |
Source: Greater Fairbanks Board of REALTORS®
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $192 | $11,628 | $11,628 | -- |
| 2023 | $193 | $11,628 | $11,628 | $0 |
| 2022 | $210 | $11,628 | $11,628 | $0 |
| 2021 | $231 | $11,628 | $11,628 | $0 |
| 2020 | $228 | $11,628 | $11,628 | $0 |
| 2019 | $231 | $11,628 | $11,628 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Garza
-
JAMIE NAPOLSKI
J
Buyer's Agent in 2023
JAMIE NAPOLSKI
NEXTHOME ARCTIC SUN
(907) 378-2400
54 Total Sales
Map
Source: Greater Fairbanks Board of REALTORS®
MLS Number: 154213
APN: 66141
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