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Land Sale Detail 
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Southcentral Region
Silver Springs Terrace Subdivision

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LOCATION

COPPER CENTER, ALASKA
T3N, R1W, SEC. 25, COPPER RIVER MERIDIAN
PLAT #2001-05
CHITINA RECORDING DISTRICT

 

DESCRIPTION

The University of Alaska is offering several lots for sale in Silver Springs Terrace Subdivision located off Silver Springs Road, Upper Terrace Drive and Middle Terrace Drive, approximately four miles north of Copper Center.  Silver Springs Road, Upper Terrace Drive and Middle Terrace Drive are located off the Old Richardson Highway approximately ¼ mile southeast of the new National Park Service, Wrangell St. Elias Visitor Center.
 
Lots along Silver Springs Road are generally level and covered with a mix of spruce, birch and aspen trees.  Road construction on Upper Terrace Drive, serving Lot 8, Block 3, was completed in October 2007.  The buyer of this lot must sign a Road Construction and Maintenance Agreement at closing.  Lots along Upper Terrace Drive are on the top of a steeply sloping bluff with potential views of the Wrangell Mountains and the Copper River Valley.  Access to Lot 2, Block 2 is via Middle Terrace Drive which is not yet constructed.  Utilities have not been extended to all lots.  Interested parties are encouraged to contact Copper Valley Electrical Association and Copper Valley Telecom to determine the exact cost to connect electrical and phone service.
 
This subdivision is subject to certain covenants, conditions and restrictions.  Copies of the Master Declaration of Covenants, Conditions and Restrictions for Silver Springs Terrace Subdivision are available above, or from the Land Management office in Anchorage or Fairbanks.  Copies of the Road Construction and Maintenance Agreement pertaining to Lot 8, Block 3 are available from the Land Management office in Anchorage or Fairbanks or above.
 
Interested parties should thoroughly inspect these parcels prior to submitting an offer to ensure that the parcels are suitable for the party’s intended use and to determine all permitting requirements related to that intended use.  Additional information regarding these parcels 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 sales in this offering are available for review below.  A copy of the Silver Springs Terrace Subdivision, Plat #2001-05 is available at the District Recorder’s office in Chitina (Phone: 907.835.3153), or online www.dnr.state.ak.us/recorders (using the “Search Menu”, then “Plat Search”).

The price listed below is the MINIMUM PRICE.

 

PARCEL SUBDIVISION LOT BLOCK ACRES PRICE
CB.SS.0003 Silver Springs Terrace 3 1 1.950 $17,500
CB.SS.0004 Silver Springs Terrace 4 1 1.750 $17,500
CB.SS.0005 Silver Springs Terrace 5 1 2.020 $17,500
CB.SS.0033 Silver Springs Terrace 2 2 4.510 $35,000
CB.SS.0042 Silver Springs Terrace 8 3 2.490 $30,000

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. Total closing costs for cash sales are generally between $30 and $75. Sample copies of the University's current cash sale closing documents are available for review below.

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