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For sale
  • $599,000

    5700 E Gershmel Loop, Palmer, AK 99645

    4beds
    5,422sqft
    : 
    $4,088/mo
    Get pre-qualified
    Single Family Residence
    Built in 1973
    7.02 Acres Lot
    $879,000 Zestimate®
    $110/sqft
    $-- HOA

    What's special

    Not a cookie-cutter house--this is an Alaskan original. Tucked out of sight on private acreage in the Palmer-Wasilla commute corridor, about 2.4 miles to the Mat-Su Regional Hospital, this remarkable custom home blends original log construction w/ soaring wood ceilings, expansive windows, exposed beams and logs, brick, and an extraordinary antique Franklin fireplace reported to date back to 1864.Built just over 50 years ago, the home has the kind of scale, warmth, and individuality that would be enormously expensive to recreate today. The dramatic vaulted great room is the heart of the house, surrounded by substantial natural wood and architectural character. Four bedrooms include two exceptionally large rooms, with remarkably generous walk-in closets, and every bedroom has its own gas fireplace--an almost unheard-of luxury that gives the home an unmistakably cozy Alaskan feel. And the interesting spaces just keep coming. There is a south-facing pass-through sunroom, a library/dining room area, a separate office or craft room, an unusual loft connecting the upstairs bedroom area, and several decks--including private decks accessed directly from bedrooms. One full bath plus three ¾ baths provide exceptional flexibility for a home of this size, and an attached two-bay garage completes the picture. Below the 4078 SqFt of finished main level and second floors is 1344 SqFt of unfinished daylight basement, opening another entire level of possibilities for storage, workshop space, hobbies, recreation, or future finishing. The home has recently undergone substantial preparation for market, including new flooring, refinished hardwood, some rooms with fresh paint, and completion of other work that has brought the property back to a fully livable condition while preserving the character that makes it special. Outside, the setting is equally unusual. The home sits privately at the top of a bluff and cannot be seen from the road, with readily usable land surrounding the homesite and glimpses of the surrounding mountains. The acreage continues below the bluff across Wasilla Creek and the railroad corridor, creating a property with layers, privacy, and potential long-term development possibilities beyond the immediate sub-dividable homesite. Some finishes still reflect the home's history, making this an especially compelling opportunity for the buyer who values authentic character and wants the freedom to update selectively.
    3 days
    1,268
    220

    Zillow last checked:

    Listing updated:

    Listed by:

    Karen Ross,

    Jack White Real Estate Mat Su

    Source: AKMLS,MLS#: 26-12948MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 1
      • 3/4 bathrooms: 3
      Heating
      • Fireplace(s), Baseboard, Natural Gas, Wood Stove
      Features
      • Arctic Entry, Basement, BR/BA Primary on Main Level, Ceiling Fan(s), Den &/Or Office, Family Room, Pantry, Tile Counters, Vaulted Ceiling(s), Wood Counters, Sun Room
      • Flooring: Hardwood, Luxury Vinyl, Vinyl
      • Basement: Unfinished
      • Has fireplace: Yes
      • Fireplace features: Gas, Wood Burning Stove
      Interior area
      • Total structure area: 5,422
      • Total interior livable area: 5,422 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage Door Opener, RV Access/Parking, Attached, Tuck Under, No Carport
      • Attached garage spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Deck/Patio
      • Exterior features: Kennel, Private Yard
      • Has spa: Yes
      • Spa features: Bath
      • Has view: Yes
      • View description: Mountain(s)
      • Waterfront features: None, No Access
      Lot
      • Size: 7.02 Acres
      • Features: Horse Property, Landscaped, Road Service Area
      • Topography: Level
      Details
      • Additional structures: Workshop, Shed(s)
      • Parcel number: 56245000T005
      • Zoning: UNZ
      • Zoning description: Not Zoned-all MSB but Palmer/Wasilla/Houston
      • Horses can be raised: Yes

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      • Attached to another structure: Yes
      Materials
      • Log, Wood Frame - 2x6, Log Siding, Wood Siding
      • Foundation: Block
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1973
      • Major remodel year: 2026

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Private, Well
      • Utilities for property: Electric

      Community & HOA

      Location
      • Region: Palmer

      Financial & listing details

      • Price per square foot: $110/sqft
      • Tax assessed value: $580,500
      • Annual tax amount: $3,746
      • Date on market: 10/9/2026
      • Road surface type: Gravel

        Estimated market value

        $879,000

        $765,000 - $1.01M

        $3,974/mo

        Price history

        DateEventPrice
        10/12/2026Listed for sale$599,000+53.6%$110/sqft
        Source: AKMLS #26-12948 Report a problem
        9/8/2017Listing removed$390,000$72/sqft
        Source: Keller Williams Realty Alaska Group of Eagle River #17-3620 Report a problem
        3/18/2017Listed for sale$390,000$72/sqft
        Source: Keller Williams Realty Alaska Group of Eagle River #17-3620 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,746 -5.5%$580,500 +87.7%
        2024$3,962 +3.1%$309,259 +1.2%
        2023$3,844 -2.1%$305,510 +8.1%
        2022$3,925 +14.6%$282,740 -36%
        2021$3,425 +1.1%$441,800 +2%
        2020$3,389 +5.1%$433,000 +2.9%
        2019$3,224 -51.5%$420,900
        2018$6,654 +25.7%$420,900 -0.1%
        2017$5,292 $421,500 -0.5%
        2016$5,292 $423,700 +10.1%
        2015$5,292 $384,800
        2014$5,292 $384,800 +10.1%
        2013-- $349,500 +0.1%
        2012-- $349,100 +3.6%
        2011-- $337,000 +3.6%
        2010-- $325,400 +0.3%
        2009-- $324,300 -5.7%
        2008-- $343,800
        2007-- $343,800 +6.4%
        2006-- $323,200 +10.3%
        2005-- $292,900 +118.4%
        2004-- $134,100 +25.3%
        2003-- $107,000 +17.6%
        2002-- $91,000 +11.7%
        2001-- $81,500 -3.6%
        2000-- $84,500
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
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        Climate risks

        Neighborhood: 99645

        Getting around

        10 / 100
        Car-Dependent
        41 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Machetanz
        • Middle: Teeland
        • High: Colony

        Source: AKMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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