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Northern Region
Otto Geist Subdivision

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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 www.dnr.state.ak.us/recorders (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 - 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.