Opportunity knocks on Lignite Avenue If you’re handy, hungry, or just plain brave, 507 Lignite Ave is calling your name. This is not a turn-key home—it’s a turn-around project. Located in a well-established Fairbanks neighborhood, this property sits on a lot that backs up to government land via a convenient alley access, offering a little more space (and privacy) between you and the world. The house itself? It’s waiting for someone with vision and a good tool belt (or a solid contractor connection). But beneath the surface lies real potential—fix it up, rent it out, live in it, or flip it. The choice is yours. If you're tired of overpriced “updated” listings and ready to build some sweat equity, this might just be your next move. No fluff. No filler. Just a chance to make something your own.
Sold
Price Unknown
507 Lignite Ave, Fairbanks, AK 99701
3beds
2,094sqft
Single Family Residence
Built in 1970
0.27 Acres Lot
$324,700 Zestimate®
$--/sqft
$2,810 Estimated rent
Home value
$324,700
$299,000 - $347,000
$2,810/mo
Zestimate® history
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Alley access
Zillow last checked:
Listing updated:
Listed by:
Jon Majors 907-388-4796,
MAJORS REALTY GROUP, LLC
Bought with:
Dino Deangelis
Source: GFMLS,MLS#: 157975
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Family Room
Heating
- Forced Air
Appliances
- Included: Range/Oven, Refrigerator
- Laundry: In Basement
Features
- Solid Type Countertop
- Flooring: Tile, Laminate, Vinyl
- Windows: Wood Frames, Vinyl, Double Pane Windows
- Basement: Full,Partially Finished
Interior area
- Total structure area: 2,094
- Total interior livable area: 2,094 sqft
Property
Parking
- Total spaces: 1
- Parking features: Attached
- Attached garage spaces: 1
Features
- Levels: Split Entry
- Exterior features: Lawn, Garden, Internet Available, Telephone Service
- Fencing: Fenced
- Has view: Yes
- View description: City
Lot
- Size: 0.27 Acres
Details
- Parcel number: 0076236
- Zoning: unknown
- Zoning description: Multiple-Family Residential District
- Other equipment: TV Antenna
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Cedar, Double Wall
- Foundation: Block
- Roof: Shingle
Condition
- 31 + yrs,Fixer
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Propane
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Hamilton Acres
Location
- Region: Fairbanks
Financial & listing details
- Tax assessed value: $282,391
- Annual tax amount: $3,824
- Date on market: 6/26/2025
- Listing terms: Cash/Refinance
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/29/2025 | Sold | -- |
Source:  GFMLS #157975 Report a problem | ||
| 7/11/2025 | Pending sale | $284,900$136/sqft |
Source: GFMLS #157975 Report a problem | ||
| 6/26/2025 | Listed for sale | $284,900$136/sqft |
Source: GFMLS #157975 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,824 +5% | $282,391 +4.4% |
| 2024 | $3,642 -0.3% | $270,554 +0.3% |
| 2023 | $3,652 +2.7% | $269,763 +13.6% |
| 2022 | $3,557 +0.1% | $237,552 +6.6% |
| 2021 | $3,554 +6.3% | $222,840 +5.1% |
| 2020 | $3,344 -20.5% | $212,098 +0% |
| 2018 | $4,205 +25.5% | $212,046 +3.9% |
| 2017 | $3,351 | $204,105 +4% |
| 2016 | $3,351 +3.8% | $196,302 -0.1% |
| 2015 | $3,228 | $196,432 |
| 2014 | $3,228 | $196,432 |
| 2013 | -- | $196,432 -4.3% |
| 2012 | -- | $205,294 -1.5% |
| 2011 | -- | $208,348 +3.7% |
| 2010 | -- | $200,965 -6.1% |
| 2009 | -- | $214,112 -1.5% |
| 2008 | -- | $217,325 +3.4% |
| 2007 | $3,952 +6.4% | $210,194 +13.3% |
| 2005 | $3,714 +32.1% | $185,529 +33.3% |
| 2003 | $2,811 0% | $139,169 |
| 2002 | $2,812 +3.5% | $139,169 +4% |
| 2001 | $2,716 | $133,873 |
Find assessor info on the county website
Neighborhood: 99701
Nearby homes
- $419,4004 bd2 ba2.1k sqft513 Lignite Ave, Fairbanks, AK 99701Off Market
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- $319,000-- bd1 ba1k sqft502 Lignite Ave, Fairbanks, AK 99701Off Market
- $220,7002 bd0 ba1k sqft502 Lignite Ave, Fairbanks, AK 99701Off Market
- $341,2003 bd2 ba1.6k sqft520 Lignite Ave, Fairbanks, AK 99701Off Market
Nearby schools
GreatSchools rating
- 7/10Anne Wien Elementary SchoolGrades: PK-5Distance: 2.6 mi
- 6/10Tanana Middle SchoolGrades: 6-8Distance: 0.5 mi
- 5/10Lathrop High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Ladd
- Middle: Ryan
- High: Lathrop
Source: GFMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Alaska
- Fairbanks North Star Borough
- Fairbanks
- 99701
- 507 Lignite Ave
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