Foreclosure

$69,000

205 Madcap Ln, Fairbanks, AK 99709

6beds

3,216sqft

Single Family Residence

Built in 1964

0.42 Acres Lot

$-- Zestimate^®

$21/sqft

$-- HOA

What's special

Spacious home

This spacious home offers excellent potential to be converted into a duplex or enjoyed as a single-family residence. Conveniently located next to UAF, it presents a strong rental opportunity. The property is being sold as-is and has sustained freeze damage, making it ideal for investors or buyers ready to take on a renovation project. The property is on a shared community sewer system maintained by FNSB. Due to condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless Agreement and the property may only be shown by appointment

96 days

2,776

85

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 2
Full bathrooms: 2

Features

Basement: Unfinished,Walk-Out Access

Interior area

Total structure area: 3,216
Total interior livable area: 3,216 sqft

Property

Parking

Total spaces: 1
Parking features: Heated Garage
Attached garage spaces: 1

Features

Levels: Split Entry

Lot

Size: 0.42 Acres

Details

Additional structures: Shed(s)
Parcel number: 0251020
Zoning: N/A
Zoning description: Multiple-Family Residential District
Special conditions: Real Estate Owned

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

T1-11, Furred Out
Foundation: Block
Roof: Shingle

Condition

31 + yrs
New construction: No
Year built: 1964

Utilities & green energy

Sewer: Other

Community & HOA

Community

Subdivision: Ballaine Lake

Location

Region: Fairbanks

Financial & listing details

Price per square foot: $21/sqft
Tax assessed value: $211,904
Annual tax amount: $7,519
Price range: $69K - $69K
Date on market: 4/20/2026

Foreclosure details

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/21/2024	Listing removed	$210,000$65/sqft
Source: AKMLS #21-18057 Report a problem
6/13/2022	Sold	--
Source: AKMLS #22-11527 Report a problem
12/28/2021	Pending sale	$210,000$65/sqft
Source: AKMLS #21-18057 Report a problem
12/21/2021	Listed for sale	$210,000+24.6%$65/sqft
Source: GFMLS #148875 Report a problem
10/24/2019	Sold	--
Source: Agent Provided Report a problem
9/6/2019	Pending sale	$168,500$52/sqft
Source: RE/MAX Associates of Fairbanks #141360 Report a problem
8/28/2019	Price change	$168,500-7.7%$52/sqft
Source: REMAX ASSOCIATES #141607 Report a problem
7/4/2019	Listed for sale	$182,500$57/sqft
Source: REMAX ASSOCIATES #141360 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,519 +5.2%	$211,904 +5%
2024	$7,145 +0.1%	$201,796 +0.2%
2023	$7,134 +6.1%	$201,432 +11.1%
2022	$6,726 +15%	$181,377 +16.1%
2021	$5,848 -4.8%	$156,248 +3.1%
2020	$6,142 +7.1%	$151,553 -2%
2018	$5,734 +21.6%	$154,670 +3.3%
2017	$4,715	$149,704 +3.1%
2016	$4,715 +101.3%	$145,232 +1.6%
2015	$2,343	$142,907 +0.6%
2014	$2,343	$142,071 +2.7%
2013	--	$138,373 -6.4%
2012	--	$147,848 +0.1%
2011	--	$147,628
2010	--	$147,628 -5.9%
2009	--	$156,958
2008	--	$156,958 +0.9%
2007	$4,639 +9.4%	$155,569 +15.9%
2005	$4,241 +22%	$134,241 +19.1%
2003	$3,476 0%	$112,713
2002	$3,477 +11.1%	$112,713 +1.1%
2001	$3,128	$111,446

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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