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!!!
Pending
Price cut: $15K (11/15)
$615,000
555 S Lower Rd, Palmer, AK 99645
3beds
2,783sqft
Est.:
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
- 586 days |
- 86 |
- 2 |
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#: 24-6937
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
Estimated market value
Not available
Estimated sales range
Not available
$3,748/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/25/2025 | Pending sale | $615,000$221/sqft |
Source: | ||
| 11/15/2025 | Price change | $615,000-2.4%$221/sqft |
Source: | ||
| 10/3/2025 | Price change | $630,000-3.1%$226/sqft |
Source: | ||
| 8/11/2025 | Price change | $650,000+0.9%$234/sqft |
Source: | ||
| 7/10/2025 | Pending sale | $644,000$231/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
- 9/10Cottonwood Creek Elementary SchoolGrades: PK-5Distance: 2.6 mi
- 7/10Colony Middle SchoolGrades: PK,6-8Distance: 3 mi
- 8/10Colony High SchoolGrades: 9-12Distance: 3.8 mi
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