506 8th Ave, Fairbanks, AK, 99701
About This Home
Cute and centrally located ranch-style home in downtown Fairbanks, offering comfort, convenience, and versatility all in one. Truly move-in ready, this home features a functional main-level layout that works well for everyday living, a home office setup, or creative use. The full unfinished basement offers 9-foot ceilings and exterior access, providing excellent storage or future expansion potential. Outside, you’ll find a fully fenced yard for privacy and a convenient carport for covered parking. The property’s layout and location make it an excellent option for a photography studio, in-town residence, or small professional space with easy accessibility. A rare opportunity in a prime Fairbanks location. Well-kept, flexible, and ready for its next owner.
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Property condition: 31 + yrs
- Year built: 1943
Materials
- Foundation: Block
- Roof: Metal
- Construction materials: T1-11,2x6
Type & Style
- Home type: SingleFamily
- Architectural style: Raised Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Range/Oven,Microwave,Refrigerator,Washer,Dryer
Basement
- Has basement: Yes
- Basement: Full,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Features
- Window features: Vinyl,Double Pane Windows
- Flooring: Tile,Laminate
Heating
- Heating features: Forced Air
Interior Area
- Total structure area: 727
- Total interior livable area: 727 sqft
Property
Details
- Parcel number: 0038199
- Zoning: N/A
- Zoning description: General Commercial District
Features
- Patio & porch: Covered
- Fencing: Fenced
Lot
- Lot size: 2,178 sqft
Parking
- Parking features: Carport
- Carport: Yes
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
- Winter Weather
- Cold Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Fairbanks North Star Borough and Alaska
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,163 | $13,956 |
| Home Insurance | $99 | $1,188 |
| Property Taxes | $312 | $3,744 |
| Electricity | $318 | $3,820 |
| Total | $1,892 | $22,704 |
Income You'd Need if You Spent...
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-22 | Listed for sale | $230,000 |
| 2024-04-08 | Listing removed | -- |
| 2024-04-02 | Listed for rent | $1,600 |
| 2021-03-08 | Sold | -- |
| 2020-10-22 | Pending sale | $144,900 |
| 2020-09-14 | Price change | $144,900 |
| 2020-08-03 | Price change | $149,900 |
| 2020-07-31 | Listed for sale | $154,900 |
| 2020-06-30 | Listing removed | $154,900 |
| 2020-01-28 | Listed for sale | $154,900 |
| 2020-01-18 | Listing removed | $1,450 |
| 2019-08-01 | Listed for rent | $1,450 |
| 2019-08-01 | Listing removed | $154,900 |
| 2019-04-24 | Listed for sale | $154,900 |
| 2019-04-03 | Pending sale | $154,900 |
| 2019-02-14 | Price change | $154,900 |
| 2019-01-04 | Listed for sale | $159,900 |
| 2014-05-12 | Sold | -- |
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