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    8861 E Lexington St, Palmer, AK 99645

    4beds
    2,391sqft
    Single Family Residence
    Built in 1986
    0.46 Acres Lot
    $488,700 Zestimate®
    $--/sqft
    $3,168 Estimated rent

    Home value

    $488,700

    $464,000 - $513,000

    $3,168/mo

    Zestimate® history
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    What's special

    Rare Midtown Estates property in a prime Palmer-Wasilla commute location! Spacious 4BR home with additional finished rooms offering flexible living space, stunning mountain & northern lights views, award-winning gardens, mature fruit trees, fireplace, and incredible landscaping. Community park nearby with new pickleball courts coming soon. Extra appliances and garage shelving included.Located in the highly desirable Midtown Estates area, this property offers one of the best commute locations in the Mat-Su Valley with convenient access to Palmer, Wasilla, Anchorage, Eagle River, Chugiak, Big Lake, and nearby military bases. While officially marketed as a 4-bedroom home due to septic capacity, the home offers additional finished rooms that provide exceptional flexibility for offices, dens, playrooms, workout rooms, hobby spaces, guest areas, or whatever best fits a homeowner's needs. Inside, you'll find solid wood doors throughout the home, adding warmth and quality craftsmanship. The home also features a fireplace, creating a comfortable and inviting atmosphere during Alaska winters. The sellers are also including a substantial amount of additional value with the sale, including multiple appliances and storage features such as deep freezers, extra refrigerators, washer and dryer units, and garage shelving. The exterior of this property is truly one-of-a-kind. The grounds feature incredible mature landscaping and gardens that have been meticulously maintained over the years. The property includes two extraordinarily large chokecherry trees believed to be among the largest in Alaska, along with five mature crabapple trees that consistently produce oversized fruit in abundance. The crabapples have reportedly earned Alaska State Fair recognition multiple years in a row. Additional outdoor highlights include mature raspberry bushes, towering rose bushes surrounding the home, expansive yard space, and breathtaking mountain views in nearly every direction. The property also offers incredible northern lights viewing opportunities, as shown in the listing photos. A community park is located just down the street and visible from the property, with new pickleball courts currently being added this summer, making this neighborhood even more desirable for recreation and community living. This is a rare opportunity to own a truly established property with character, flexible living space, mature landscaping, exceptional views, and one of the most convenient locations in the Valley.

    Zillow last checked:

    Listing updated:

    Listed by:

    John Denny,

    Hooligan Real Estate Hub

    Bought with:

    Alisa A Parrent

    Firebird Realty, LLC

    Source: AKMLS,MLS#: 26-5769MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Fireplace(s), Baseboard, Natural Gas
    Appliances
    • Laundry: Washer &/Or Dryer Hookup
    Features
    • Basement, BR/BA on Main Level, Ceiling Fan(s), Den &/Or Office, Family Room, Laminate Counters, Pantry, Soaking Tub, Vaulted Ceiling(s)
    • Flooring: Carpet, Linoleum, Tile
    • Windows: Window Coverings
    • Has basement: No
    • Has fireplace: Yes
    • Fireplace features: Wood Burning Stove
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 2,391
    • Total interior livable area: 2,391 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage Door Opener, Paved, Attached, No Carport
    • Attached garage spaces: 4
    • Has uncovered spaces: Yes
    Features
    • Levels: Multi/Split,Prow Front Split,Split Entry
    • Patio & porch: Deck/Patio
    • Has spa: Yes
    • Spa features: Bath
    • Has view: Yes
    • View description: Mountain(s), Unobstructed
    • Waterfront features: None, No Access
    Lot
    • Size: 0.46 Acres
    • Features: Covenant/Restriction, Fire Service Area, Landscaped, Parkside, Road Service Area, Views
    • Topography: Gently Rolling,Level
    Details
    • Parcel number: 2968B05L017
    • Zoning: UNZ
    • Zoning description: Not Zoned-all MSB but Palmer/Wasilla/Houston

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Wood Frame - 2x6, Wood Siding
    • Foundation: Concrete Perimeter
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1986

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $50 annually
    Location
    • Region: Palmer

    Financial & listing details

    • Tax assessed value: $413,000
    • Annual tax amount: $4,536
    • Date on market: 5/21/2026
    • Road surface type: Paved

    Price history

    DateEventPrice
    7/2/2026Sold--
    Source: AKMLS #26-5769 Report a problem
    5/26/2026Pending sale$488,500$204/sqft
    Source: AKMLS #26-5769 Report a problem
    5/21/2026Listed for sale$488,500-2.3%$204/sqft
    Source: AKMLS #26-5769 Report a problem
    5/11/2026Listing removed$500,000$209/sqft
    Source: AKMLS #26-4200 Report a problem
    5/2/2026Listed for sale$500,000-3.8%$209/sqft
    Source: AKMLS #26-4200 Report a problem
    4/7/2025Listing removed--
    Source: Owner Report a problem
    1/7/2025Listed for sale$520,000+27.1%$217/sqft
    Source: Owner Report a problem
    11/5/2021Sold--
    Source: AKMLS #21-10900 Report a problem
    9/8/2021Pending sale$409,000$171/sqft
    Source: AKMLS #21-10900 Report a problem
    8/6/2021Price change$409,000-4%$171/sqft
    Source: AKMLS #21-10900 Report a problem
    7/10/2021Listed for sale$426,000$178/sqft
    Source: AKMLS #21-10900 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,536 +2.1%$413,000 +5.1%
    2024$4,441 +6.5%$392,800 +3.6%
    2023$4,171 +4.7%$379,000 +10.1%
    2022$3,982 +549.1%$344,300 +29.5%
    2021$613 -81.8%$265,800 +4.6%
    2020$3,379 +1.9%$254,200 +2.9%
    2019$3,316 +2.5%$247,100 +1.9%
    2018$3,235 +7.5%$242,500 +4.2%
    2017$3,009 $232,700 +0.6%
    2016$3,009 $231,200 -0.3%
    2015$3,009 $231,800 +0.3%
    2014$3,009 $231,200 -1.9%
    2013-- $235,600 +0.8%
    2012-- $233,800 -0.6%
    2011-- $235,300 +6.8%
    2010-- $220,300 -5.4%
    2009-- $232,800 -7.6%
    2008-- $252,000
    2007-- $252,000 +9.4%
    2006-- $230,400 +12.6%
    2005-- $204,700 +14.1%
    2004-- $179,400 +8.4%
    2003-- $165,500 +2.1%
    2002-- $162,100 +5.9%
    2001-- $153,100 -0.6%
    2000-- $154,100
    Find assessor info on the county website

    Neighborhood: 99645

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Pioneer Peak
    • Middle: Colony
    • 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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    $498,474