2 years on rocket

302 7th Ave, Fairbanks, AK, 99701

$550,000

Home List Price

$6,531*

Closing Credit

8 Full Baths
7,500 SqFt
$73/SqFt
Multi

Location

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302 7th Ave, Fairbanks$550,000

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1954
MLS #22-13392
Lot Size0.28 Acres
StatusActive

About 302 7th Ave

This is a unique property that was built for and has continued to be a rooming house for many years. Located close to downtown, it is within walking distance to almost everything. It fills a niche for folks that have a limited budget and don't need much space - some have lived there for many years. Converting to a B&B, office or other use are options. You can access the building from 6th or 7th Avenue with parking on both sides. Laundry area, bike storage and storage units are also available in addition to 25 living areas, some with private baths but most that share 5 common bathrooms. Security doors, sprinkler system throughout, 2 boilers and other amenities make this an investment without much competition. Some furnishings will convey. Owner is a licensed Broker in the State of Alaska. Tax parcels 37583 & 37574. The addition (1982) is 2x6; original section (1954) unknown. See attached document for more info on the layout and building amenities.

Property Details

Property Features

Property Information:

  • Year Built: 1954
  • Living Area: 7,500 SqFt

Listing Office:

  • Office Name: Meyeres Real Estate
  • Office Phone: (907) 456-6000

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 8

Lot Features

Lot Information:

  • Lot Size: 0.28 Acres

Other

Directions Information:

  • Directions: From Steese Hwy, take 10th to to right on Noble, right on 6th, on left

Price Information

Listing Price Info

Price Summary:

  • List Price: $550,000
  • Price Per SqFt: $73/SqFt

Tax Information:

  • Annual Amount: $6,099
  • Tax Year: 2018
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Housing Market Comparison

See how this home compares to others in Fairbanks, AK.

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Fairbanks, AK

City

Med. List Price

$319.9K

Med. Price/SqFt

$147

Avg. Days On Market

121

# of Sold Homes

8

302 7th Ave vs Fairbanks

812 DAYS ON ROCKET

+691 Days

$550,000

+$230.1K More

$73/SqFt

-$75 Less

KEY TAKEAWAY

This property is $230.1K more than the Median List Price and $75/SqFt less than other homes in Fairbanks, AK.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Alaska Multiple Listing Service
  • MLS Number: #22-13392

Listing Office:

  • Office Name: Meyeres Real Estate
  • Office Phone: (907) 456-6000

IDXThe listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than this broker are marked with either the listing brokerage’s logo or the AK MLS logo and information about them includes the name of the listing brokerage.

All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. All square footages are approximations. School boundaries are subject to change. Information is not guaranteed and should be independently verified for accuracy.

Copyright 2024 Alaska Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 8:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020 - $306,557
2018$6,099$307,579

History based on county public records data.

Payment Calculator

$2,813

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4227349
4
/10

  • Nordale Elementary School

  • 397 Hamilton Ave

  • 0.69 miles

  • Public District Grades PK-6

school-card-donut-4227350
5
/10

  • Hunter Elementary School

  • 1630 Gillam Way

  • 0.81 miles

  • Public District Grades KG-6

school-card-donut-4227351
3
/10

  • Denali Elementary School

  • 1042 Lathrop St

  • 1.07 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,885. Residents of Fairbanks, AK typically earn less than $35k each year. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Alaska›Fairbanks North Star County›Fairbanks›99701›302 7th Ave

This home is located at 302 7th Ave in Fairbanks, AK and zip code 99701. This 7,500 square foot home, which was built in 1954, sits on a 0.28 acre lot. Features: 8 bathrooms. It has been listed on Rocket Homes since September 27, 2022 and is currently priced at $550,000.

The number of listings in Fairbanks, AK decreased by 30.8% between October 2024 and November 2024. In November 2024, listings were on the market for 121 days. During the same period, the median list price in this real estate market was $319,900.

From Rocket Homes Real Estate and based on county public records data.

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