5324 Butterfly Lane, Fairbanks, AK 99712 | HotPads
Street view
This pad was taken off the market on 7/18/18.


No longer available
3 beds
1 bath
2,008 sqft

5324 Butterfly Lane
Fairbanks, AK 99712


  • Updated 2 days ago
  • Laundry: In Unit
  • Lot, Garage, Detached Garage
  • No A/C, Oil Heating
  • Garden, Lawn
  • Dishwasher, Refrigerator, Microwave Oven
What potential this rustic rural log home has, sitting on a big 5 acre lot with black spruce and birch trees forested all around. This was originally a divided one-room cabin. The 2nd floor was added in 1979. The other 2nd floor addition and converted garage/studio below it, and enclosed woodshed were started between 1985 & 2000. Foundation is 3/4 concrete footer with no crawl space and 1/4 concrete slab. It has been left unfinished for over 20 yrs to avoid higher taxes and is on the tax roll at 1400sf. There are two unfinished additions of approx. 600 sf. that includes a 2 story tall greenhouse/woodshed with an unfinished 4th bedroom loft and 2nd bathroom and a studio apartment that is a slight fixer upper. Both new additions have heating in the concrete floors which have not been hooked up to avoid higher taxes. Main house has a new EPA certified wood stove and flue on a tiled floor. The borough will begin issuing citations this year to those who are not compliant. Owner was going to do a B&B or rental apartment but is moving. The 20'x32' detached garage has room for 2 cars with additional space for a boat/ATV and was finished about 2007 . Nice dry sauna in a cabin outside could also be used as a meat locker in winter. Livestock and musher friendly area with sled/snowmobile trail on property and nearby borough trails backed up to the forest for recreation and hunting. Asking less than its current replacement value of $225K. When finished, the house will be over 2000 sf. due to the added footage, which makes this home the cheapest you will find. 3rd bedroom and part of upstairs den have new roofing. Being sold ''as is''. All offers considered. Good investment property. Buyer needs a mini construction loan or can use conventional loan without FHA or VA. NO OWNER FINANCING.
Property amenities
  • Attic
  • Detached Garage
  • Dishwasher
  • Double Pane Windows
  • Dryer
  • Exterior Type: Wood
  • Flooring: Carpet
  • Flooring: Concrete
  • Flooring: Tile
  • Garage
  • Garden
  • Greenhouse
  • Heating system: Baseboard
  • Heating: Oil
  • Laundry: In Unit
  • Lawn
  • Lot Size: 5
  • Microwave Oven
  • Mother in Law
  • No Air Conditioning
  • Parking Lot
  • Porch
  • RV Parking
  • Refrigerator
  • Roof Type: Metal
  • Room Count: 9
  • Sauna
  • Security System
  • Stories: 2
  • View Type: Territorial
  • View Type: View
  • Washer
  • Year Built: 1976
Nearby schools
Students who live in at 5324 Butterfly Lane attend the following Fairbanks North Star Borough School District (Unified School District) public schools:
out of 10
Two Rivers K-8 School
Grades PK - 8
1.4 miles
out of 10
North Pole High School
Grades 9 - 12
12.1 miles
Showing 2 of 3 schools.
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