168 Palace Circle

168 Palace Circle in Fairbanks, AK was first built in 1986 and is 38 years old. This has been categorized as a commercial property type. In total, the area measurement of the land is 22,571 square feet.

Learn more about the property and building on this page. The building type has been coded as 4. The code stands for buildings that have wood or wood and steel frames.. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $131,300 in Mar 17, 2004. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $0 in taxes each year. 168 Palace Circle was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $588,051. If we break it down further, the land itself was valued at $33,179. Improvements to the property, however, were assessed at a total of $554,872. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.