Northern Region Otto Geist Subdivision
As of 4/4/2024, this property has been removed from the website and UA is no longer accepting offers.
Location
FAIRBANKS, ALASKA
TOWNSHIP 1 SOUTH, RANGE 1 WEST,
SECTION 7, FAIRBANKS MERIDIAN
PLAT NO. 87-67
FAIRBANKS RECORDING DISTRICT
Description
The University of Alaska is offering an 8.86 acre residential lot for sale approximately
5 miles west of Downtown Fairbanks off Loftus Road. Access to the lot is directly
from Loftus Road and across the road from University Park Elementary School.
The lot is generally level with a mixture of spruce, birch and aspen trees. Water
and sewer hook-ups, phone and electric are available nearby, however, these utilities
have not been extended into the lot. Interested parties are encouraged to contact
local utility companies to determine connection costs. The lot is zoned Two Family
Residential (TF).
The lot will be sold at or above fair market value.
This notice is effective until the lot is sold.
Interested parties should thoroughly inspect this lot prior to submitting offers to
ensure that the lot is suitable for the party’s intended use. Additional information
regarding this lot may be available from local, state and federal offices, including
but not limited to: the city or borough assessor’s office, building permitting office
and land planning office; local utility companies; district recorder’s office; the
State of Alaska Department of Natural Resources, Department of Environmental Conservation,
Department of Fish and Game and Department of Transportation and Public Facilities;
and the U.S. Department of the Interior Bureau of Land Management, Geological Survey
and Environmental Protection Agency, and the U.S. Army Corps of Engineers.
The standard documents that will be used to close the sale in this offering are available
for review below. A copy of the Otto Geist Subdivision plat is available at the District
Recorder’s office in Fairbanks (Phone: 907.452.3521) or online http://dnr.alaska.gov/ssd/recoff (using the “Search Menu”).
The price listed below is the MINIMUM PRICE.
| PARCEL | SUBDIVISION | LOT | ACRES | PRICE | |
|---|---|---|---|---|---|
| FA.GR.0003 | Otto Geist | 3 | 8.862 | $475,000 |
PROCESS
PROCESS - Cash Purchase Terms and Conditions
The parcel(s) listed above is being offered for sale by the University of Alaska on
a first come, first served basis, at or above the Minimum Price. The terms and conditions
of this offering are available below. Offer to Purchase Forms are attached to the
terms and conditions. Offers must include a minimum of ten percent (10%) of the offer
amount, to be applied towards the purchase price. Cash purchases require that the
entire balance of the purchase price be paid in full at the time of closing. Cash
sales typically take up to 90 days to close, but earlier closings may be accommodated
at the University's discretion. Sample copies of the University's current cash sale
closing documents are available for review below.