505 Illinois Street

505 Illinois Street has been categorized by the local assessors in Fairbanks, AK as a commercial type of property. The building on the property was first built in 2010 and is 14 years old. Residents will have access to 2 full bathrooms. There are 3 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, 505 Illinois Street has 1,729 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 5,800 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. Residents will have the luxury of enjoying a unknown. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $3,238 in taxes each year. 505 Illinois Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $194,821. If we break it down further, the land itself was valued at $95,083. Improvements to the property, however, were assessed at a total of $99,738. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!