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Off market
  • $298,800

    5324 Butterfly Ln, Fairbanks, AK 99712

    3beds
    2,008sqft
    SingleFamily
    Built in 1976
    5 Acres Lot
    $298,800 Zestimate®
    $149/sqft
    $2,766 Estimated rent

    Home value

    $298,800

    $245,000 - $350,000

    $2,766/mo

    Zestimate® history
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    What's special

    What potential this rustic rural log home has, sitting on a big 5 acre lot with black spruce and birch trees forested all around. This was originally a divided one-room cabin. The 2nd floor was added in 1979. The other 2nd floor addition and converted garage/studio below it, and enclosed woodshed were started between 1985 & 2000. Foundation is 3/4 concrete footer with no crawl space and 1/4 concrete slab. It has been left unfinished for over 20 yrs to avoid higher taxes and is on the tax roll at 1400sf. There are two unfinished additions of approx. 600 sf. that includes a 2 story tall greenhouse/woodshed with an unfinished 4th bedroom loft and 2nd bathroom and a studio apartment that is a slight fixer upper. Both new additions have heating in the concrete floors which have not been hooked up to avoid higher taxes. Main house has a new EPA certified wood stove and flue on a tiled floor. The borough will begin issuing citations this year to those who are not compliant. Owner was going to do a B&B or rental apartment but is moving. The 20'x32' detached garage has room for 2 cars with additional space for a boat/ATV and was finished about 2007 . Nice dry sauna in a cabin outside could also be used as a meat locker in winter. Livestock and musher friendly area with sled/snowmobile trail on property and nearby borough trails backed up to the forest for recreation and hunting. Asking less than its current replacement value of $225K. When finished, the house will be over 2000 sf. due to the added footage, which makes this home the cheapest you will find. 3rd bedroom and part of upstairs den have new roofing. Being sold ''as is''. All offers considered. Good investment property. Buyer needs a mini construction loan or can use conventional loan without FHA or VA. NO OWNER FINANCING.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Baseboard, Stove, Oil, Wood / Pellet
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Tile, Carpet, Concrete, Linoleum / Vinyl
    • Basement: None
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,008 sqft

    Property

    Parking
    • Parking features: Garage - Detached
    Features
    • Exterior features: Wood
    • Has view: Yes
    • View description: Territorial
    Lot
    • Size: 5 Acres
    Details
    • Parcel number: 223590

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Roof: Metal
    Condition
    • Year built: 1976

    Community & HOA

    Location
    • Region: Fairbanks

    Financial & listing details

    • Price per square foot: $149/sqft
    • Tax assessed value: $178,613
    • Annual tax amount: $1,653

    Price history

    DateEventPrice
    3/24/2021Listing removed--
    Source: Owner Report a problem
    7/11/2018Sold--
    Source: Agent Provided Report a problem
    6/28/2018Price change$133,000-1.5%$66/sqft
    Source: Owner Report a problem
    5/25/2018Price change$135,000+13.4%$67/sqft
    Source: Owner Report a problem
    5/21/2018Price change$119,000-0.8%$59/sqft
    Source: Owner Report a problem
    2/22/2018Listed for sale$120,000$60/sqft
    Source: Owner Report a problem
    1/13/2018Listing removed$120,000$60/sqft
    Source: Owner Report a problem
    7/3/2017Listed for sale$120,000-4%$60/sqft
    Source: Owner Report a problem
    11/19/2016Listing removed$125,000$62/sqft
    Source: Owner Report a problem
    8/21/2016Price change$125,000-3.1%$62/sqft
    Source: Owner Report a problem
    4/17/2016Listed for sale$129,000-7.2%$64/sqft
    Source: Owner Report a problem
    10/13/2015Listing removed$139,000$69/sqft
    Source: Owner Report a problem
    8/20/2015Price change$139,000-6.7%$69/sqft
    Source: Owner Report a problem
    6/5/2015Listed for sale$149,000+9.6%$74/sqft
    Source: Owner Report a problem
    3/13/2015Listing removed$136,000$68/sqft
    Source: Owner Report a problem
    1/22/2015Pending sale$136,000$68/sqft
    Source: Owner Report a problem
    1/22/2015Price change$136,000+8.9%$68/sqft
    Source: Owner Report a problem
    11/14/2014Price change$124,900-1.3%$62/sqft
    Source: Owner Report a problem
    9/5/2014Price change$126,500-8.7%$63/sqft
    Source: Owner Report a problem
    1/22/2014Price change$138,500-1.1%$69/sqft
    Source: Owner Report a problem
    1/13/2014Listed for sale$140,000+100.3%$70/sqft
    Source: Owner Report a problem
    8/1/2013Sold--
    Source: AKMLS #13-6149 Report a problem
    5/31/2013Price change$69,900+6890%$35/sqft
    Source: Meyeres Real Estate #13-6149 Report a problem
    4/21/2013Listed for sale$1,000
    Source: Williams & Williams Worldwide Real Estate Auction Report a problem
    9/6/2012Sold--
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,653 +1.3%$178,613 +0.6%
    2024$1,632 -4.1%$177,595 -0.2%
    2023$1,703 +5.9%$178,009 +10.3%
    2022$1,608 +12.3%$161,439 +16%
    2021$1,432 -32.5%$139,134 +6.1%
    2020$2,122 +74.1%$131,161 -0.2%
    2018$1,218 -33.6%$131,482 -1.6%
    2017$1,836 $133,582 -3%
    2016$1,836 -3%$137,778 -0.3%
    2015$1,893 $138,222 +7.1%
    2014$1,893 $129,105 -6.3%
    2013-- $137,828 -6.9%
    2012-- $147,990 +1.6%
    2011-- $145,594 -30.8%
    2010-- $210,329 -2.7%
    2009-- $216,123 -1.9%
    2008-- $220,295 +0.1%
    2007$3,023 +0.1%$220,023 +7.9%
    2005$3,019 +11%$203,822 +15.4%
    2003$2,720 0%$176,654
    2002$2,721 +25.7%$176,654 +26.8%
    2001$2,165 $139,287
    Find assessor info on the county website

    Neighborhood: 99712

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