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2351 S Colleen St, Palmer, AK, 99645

5beds
4baths
3,124sqft
$725,000
$232price/sqft
$5,057/moest. monthly cost
$202,280/yrincome needed

About This Home

Coming Soon with income-producing ADU. Located in a great commute area, this property offers an ideal layout. Open upstairs living with vaulted ceilings, bright windows, large island kitchen, pantry, office nook, and bedroom/full bath. Downstairs features family room, laundry, 3 bedrooms including spacious primary suite. ADU is 700 sq. 1 bed, 1 bath.Main home offers an ideal floor plan with open upstairs living, vaulted ceilings, abundant natural light, large island kitchen, pantry, office nook, and bedroom with full bath. Downstairs features family room, laundry with utility sink/storage, and 3 bedrooms including spacious primary suite with walk-in closet and double vanity ensuite. Detached ADU, completed in 2022, is approximately 700 SF and offers 1 bed, 1 bath, vaulted ceilings, LVP flooring, stainless appliances, fireplace, washer/dryer, and private well/septic. ADU is separately situated for added privacy and flexibility for guests, extended living, or rental use (buyer to verify use/requirements). ADU septic system was reportedly designed with capacity for additional future expansion, not to exceed four additional bedrooms total (buyer to verify with borough/appropriate authorities). Ample space offers flexibility for future development opportunities.

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

--
Swanson Elementary SchoolGrades PK-24.6 mi
7/10
Palmer Middle SchoolGrades 6-83.4 mi
4/10
Palmer High SchoolGrades PK,9-123.6 mi

Construction

Condition

  • Year built: 2009

Materials

  • Foundation: Block,Concrete Perimeter
  • Roof: Asphalt,Shingle
  • Construction materials: Frame,Wood Frame - 2x6,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Hlsd Rnch/Dlt Bsmnt
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Washer &/Or Dryer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Basement,Family Room,Granite Counters,Laminate Counters
  • Flooring: Laminate,Luxury Vinyl
  • Fireplace features: Gas
  • Fireplace: Yes
  • Common walls with other units/homes: No Common Walls

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total structure area: 3,124
  • Total interior livable area: 3,124 sqft

Property

Details

  • Parcel number: 1479000L010
  • Zoning: UNZ
  • Zoning description: Not Zoned-all MSB but Palmer/Wasilla/Houston

Features

  • Waterfront features: None,No Access
  • Topography of land: Gently Rolling

Lot

  • Lot size: 2.57 Acres

Parking

  • Total spaces: 3
  • Parking features: Attached,No Carport
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeVery High
  • Winter Weather
    Winter WeatherRelatively High
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Earthquake
Winter Weather
Lightning

FEMA Declared Disasters in Matanuska-Susitna Borough and Alaska

Flood
Mud Landslide
Other
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,665$43,980
Home Insurance $219$2,628
Property Taxes $653$7,836
Electricity $520$6,249
Total$5,057$60,684

Income You'd Need if You Spent...

35% on housing$173,382/yr
40% on housing$151,710/yr
45% on housing$134,853/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.0%
8.0%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.8%
1.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$232This listing

vs Other Active Listings

Avg $/sqft

ZIP 99645$232
Matanuska-Susitna Borough$208

vs Homes Sold Last Month

Median $/sqft

ZIP 99645$270
Matanuska-Susitna Borough$241

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

No price history available

Coming Soon

AgentStephanie Gamble
BrokerageKeller Williams Realty Alaska Group of Wasilla

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