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193 Madcap Lane

193 Madcap Lane, Fairbanks, AK 99709
Property in Ballaine Lake
Sold Feb 28, 2022
$42,560
Buyer
Seller
$32,000 by Axelsson Hans
Mortgage Due Mar 01, 2028
Sold Dec 05, 2018
$200,000
$160,000 by Lois E Burgess
Mortgage Due Apr 06, 2030
193 Madcap Lane has been categorized by the local assessors in Fairbanks, AK as a residential type of property. The building on the property was first built in 1963 and is 61 years old. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 193 Madcap Lane has 1,929 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 9,306 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 1,146 sqft. According to our sources, there are a total of 4 available parking spaces. Residents will have the luxury of enjoying a unknown. The exterior walls of the building are made of alum/vinyl siding. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 193 Madcap Lane was last sold in Feb 24, 2022 for $42,560. According to our calculations, that's $13.84 per sqft. Prior to that sales transaction, the property was sold for $200,000 in Dec 4, 2018. Current property owners are expected to pay $6,678 in taxes per year. The property on 193 Madcap Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $212,834. To break that down further, the land itself was valued at $14,075. While improvements to the property were assessed at a total of $198,759. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,100
  • Garage Type: Attached
  • Garage Square Area: 1,146
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 9,306
  • Total Building Area: 3,075
  • Gross Building Area: 3,105
  • Building Area: 1,929
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,929
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BALLAINE LAKE
  • Land Acres: 0.214
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 3 BALLAINE LAKE

Ownership

  • Current Owner : OIEN CHAD
  • Previous Owner : HANS AXELSSON
  • Owner Before Previous Owner: BURGESS LOIS E
  • Owner Before Previous Owner 2: BURGESS ROBERT F
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Fairbanks North Star Borough School District
  • School Tax School District: UNIVERSITY
  • Census Tract: 001300

Geography

  • Parcel: 251003
  • Lot: 3
  • Latitude: 64.8677
  • Longitude: -147.823

    Address

  • Full Address: 193 Madcap Ln
  • Address - House Number: 193
  • Address - Street Name: Madcap
  • Address - Suffix Type: Ln
  • State: AK
  • City Name: Fairbanks
  • Carrier Code: C074
  • 4-Digit Zip Code: 6568
  • Zip Code: 99709

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,678

    Appraisal Valuation

  • Standard Deviation: 0.1963
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 73
  • Final Value: 183,917
  • High Value: 220,026
  • Low Value: 147,808

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $32,000
  • First Open Lien Mortgage Lender: AXELSSON HANS
  • First Open Lien Mortgage Recording Date: Feb 28, 2022
  • First Open Lien Mortgage Loan Amount: $32,000
  • First Open Lien Mortgage Term: 72
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Seller take-back
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2028

    Market Valuation

  • Market Total Value: $212,834
  • Market Land Value: $14,075
  • Market Improvement Value: $198,759

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $212,834
  • Assessed Land Value: $14,075
  • Assessed Improvements Value: $198,759

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 24, 2022
  • Current Sale Recording Date: Feb 28, 2022
  • Current Sale Transaction ID: 11881806102
  • Current Sale Price: $42,560
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2980
  • Previous Sale Recording Date: Dec 05, 2018
  • Previous Sale Contract Date: Dec 04, 2018
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: AXELSSON HANS
  • First Mortgage Transaction Date: Feb 28, 2022
  • First Mortgage Loan Amount: $32,000
  • First Mortgage Terms: 72
  • First Mortgage Loan Type: Seller take-back
  • First Mortgage Loan Due Date: Mar 01, 2028

    Previous Mortgages

  • Previous Mortgage Lender: LOIS E BURGESS
  • Previous Mortgage Transaction Date: Dec 05, 2018
  • Previous Mortgage Loan Amount: $160,000
  • Previous Mortgage Term: 135
  • Previous Mortgage Loan Due Date: Apr 06, 2030

About Farmer's Loop



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Frequently Asked Questions

What neighborhood is 193 Madcap Lane located in?
The 193 Madcap Lane is a located in the neighborhood of Ballaine Lake in Farmer's Loop, Fairbanks.
What is the average sales price for listings in 193 Madcap Lane?
The average sales price for units in 193 Madcap Lane is $0 currently.

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