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Pending
  • Price cut: $15K (11/15)
    $615,000

    555 S Lower Rd, Palmer, AK 99645

    3beds
    2,783sqft
    : 
    Single Family Residence
    Built in 2023
    1.98 Acres Lot
    $-- Zestimate®
    $221/sqft
    $-- HOA

    What's special

    Water frontageSod lawnMetal roofingOriginal colony window accentsShiplap wallsCustom tile in bathroomsIn floor heat
    APPRAISED @ $675,000 - Successful Well & Septic!! Two Historic 1935 Colony Barns haylofts transported & fully remodeled onto New Construction (2023) buildings totaling just under 3000sq ft. Situated between Palmer and Wasilla on 1.89 unrestricted acres with 2 wells onsite. 236ft of water frontage & Wasilla creek running down the West side.All the hard work has been done for you! 9000sq ft of beautiful sod lawn laid, the transport & installation of the 40ft silo, this property is nothing short of spectacular! The large barn upper level 1024sq ft with a 16x32 walking deck, half bath with a second set of stairs for a second back side entry location. It has its original barn wood rafters that have been professionally sand blasted, luxury vinyl plank flooring, custom lighting fixtures, light Trex deck, log siding, original galvanized s panel & gorgeous metal roofing. The lower level has two bedrooms, two full baths, full living room & kitchen with 20mil commercial grade luxury vinyl plank flooring, in floor heat, quartz countertops & window seals, real wooden doors, custom tile in bathrooms, washer/ dryer, hot water on demand and an A/C radiant heat- mini splits w heat pump heating system. A second building features a kitchen, living room, full bathroom and upper-level bedroom, shiplap walls, luxury vinyl plank & tile flooring, original colony window accents and on the exterior is log as well as artistic uniquely hand crafted concrete log!! The project caught the eye of the "Fixer Upper" couple Chip & Joanna Gaines "Magnolia Network" and they filmed a tv show! The episode can be seen on HBO Max, Discovery & Magnolia. "In With the Old" Season 5, Episode 8 (Alaska Barn Rescue) It has also being featured on American Dream Television in Summer 2025!!!
    586 days
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    86
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    2
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    Zillow last checked: 8 hours ago

    Listing updated: November 24, 2025 at 05:45pm

    Listed by:

    Cheyenne W Gilman,

    Signature Real Estate Alaska

    Source: AKMLS,MLS#: 24-6937MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Baseboard, Electric, Natural Gas, Radiant, See Remarks
    Appliances
    • Included: Dishwasher, Refrigerator, Washer &/Or Dryer
    Features
    • Family Room, Quartz Counters
    • Flooring: Luxury Vinyl
    • Has basement: No
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 2,783
    • Total interior livable area: 2,783 sqft

    Property

    Parking
    • Parking features: RV Access/Parking, No Garage, No Carport
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck/Patio
    • Exterior features: Private Yard
    • On waterfront: Yes
    • Waterfront features: Waterfront, Waterfront Access, Pond, Pond Access
    Lot
    • Size: 1.98 Acres
    • Features: Fire Service Area, Landscaped, Road Service Area
    • Topography: Level
    Details
    • Additional structures: Barn/Shop
    • Parcel number: 6333B03L012
    • Zoning: UNZ
    • Zoning description: Not Zoned-all MSB but Palmer/Wasilla/Houston

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Frame, Log Siding, Metal, Wood Siding
    • Foundation: Concrete Perimeter
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 2023

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Private, Well
    • Utilities for property: Electric, Phone Connected

    Community & HOA

    Location
    • Region: Palmer

    Financial & listing details

    • Price per square foot: $221/sqft
    • Tax assessed value: $537,400
    • Annual tax amount: $6,692
    • Date on market: 6/11/2024
    • Road surface type: Paved
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    $3,748/mo

    Price history

    Price history
    DateEventPrice
    11/25/2025Pending sale$615,000$221/sqft
    Source: AKMLS #24-7082 Report a problem
    11/15/2025Price change$615,000-2.4%$221/sqft
    Source: AKMLS #24-6937 Report a problem
    10/3/2025Price change$630,000-3.1%$226/sqft
    Source: AKMLS #24-6937 Report a problem
    8/11/2025Price change$650,000+0.9%$234/sqft
    Source: AKMLS #24-7082 Report a problem
    7/10/2025Pending sale$644,000$231/sqft
    Source: AKMLS #24-6937 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025$6,692 +624.6%$537,400 +645.4%
    2024$924 +4.9%$72,100 +3%
    2023$881 -8.6%$70,000 +0.9%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $3,635/mo
    Principal & interest
    $2882
    Property taxes
    $538
    Home insurance
    $215

      Climate risks

      Neighborhood: South Lakes

      Nearby schools

      GreatSchools rating

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