Land Management

Sales & Leases

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Northern Region
Reeburgh Drive Lot

Disposal Plan


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LOCATION

FAIRBANKS, ALASKA
TOWNSHIP 1 SOUTH, RANGE 2 WEST
SECTION 29, FAIRBANKS MERIDIAN
FAIRBANKS RECORDING DISTRICT

DESCRIPTION

The University of Alaska (“University”) is offering for sale an approximately 1.837-acre lot located west of Chena Ridge Road off Reeburgh Drive in the Chena Ridge area of Fairbanks, Alaska. 
 
This south-facing lot has a potential view of the Tanana River Valley and/or the city of Fairbanks.  The topography is steeply sloping and forested with birch, spruce and aspen trees.  The subdivision is zoned Rural Estate 2 (RE-2). 
 
Electric and phone service has been extended to neighboring lots.  Interested parties are encouraged to contact Golden Valley Electric Association and phone providers to determine costs associated with connecting to electric and phone service.  The University intends to sell the Reeburgh Drive Lot at or above fair market value. 

The standard documents that will be used to close sales in this offering are available for review below.

Parties interested in commenting on this disposal plan must submit written comments to the University through its Land Management office by fax at (907) 786-7733, by email at ua-land@alaska.edu or at the address listed below, by no later than 5:00 P.M. on Friday, March 19, 2021 to be considered.
 
This disposal plan is effective as long as the University owns the parcel.

 

PARCEL SUBDIVISION LOT BLOCK ACRES PRICE
FA.CR.0006 Reeburgh Estates, First Addition 17 2 1.837 $74,000

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.