471 N Bailey Street, Palmer, AK 99645

$399,900
Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 2,496 Lot Size (sq. ft.): 7,405 Status: Pending
Current Price: $399,900 Last Modified: 5/17/2026

Description

Endless possibilities in this almost 2500 sqft 5 bedroom/ 3 bath home with stunning mountain views! Separate entry to the lower level allows for the opportunity to turn the downstairs into an ADU for income potential or generational living! Begin the journey through this unique home full of charm and various updates, with the heated arctic entryway perfect for Alaskan weather and accessories.

Supplements: Travel upstairs to soaring ceilings with tongue and groove, exposed beams and a skylight above the kitchen. Natural light is plentiful through the abundance of windows with panoramic mountain views! Flow through the kitchen with plenty of cupboards and counterspace into the dining space with real hardwood floors and enter the warm and inviting living room with a wood burning fireplace! Step out of the double doors and onto the large deck where you can grill, entertain, sip morning coffee and enjoy the backyard- complete with a new shed and matching woodshed stacked to the top with split wood. Mature landscaping, fenced in yard, raised garden beds and even an adorable and well loved playhouse completes this outdoor sanctuary. Back inside the top floor is where 3 of the 5 bedrooms are and they are generous in size. The primary suite contains a private updated bathroom, ceiling fan and mirrored double closet doors. Additional closet/storage space throughout the home adds to its charm and convenience. Adventure down into the daylight basement where the use of an expansive bonus room has unlimited potential for play, hobbies, games, exercise or just lounging. Tucked back behind the bonus room is the 4th bedroom that would also be perfect for a private office. The opposite side of the bonus room is the 5th large bedroom with space that could be sectioned off into an ADU, privacy for a teen or turned into a Mother in law apartment. The third full bathroom has been fully updated with modern finishes and a jetted tub. Additional walk in closet space off of the bathroom has the potential to be a sauna or additional laundry room if one was to turn this space into an ADU. The updates to this home are plentiful, including recent new plumbing and heating and roof repairs, newer carpet and paint. However, there is still room for some sweat equity and improvement! Come explore this amazing home for yourself and discover all the possibilities!

More Information MLS# 26-5052

Location Legal and School Info

Area: PA - Palmer Street #: 471 Directional: N Street Name: Bailey Arterial: Street Closest USPS Town: Palmer State: AK Zip Code: 99645

Contract Info

Price-List: 399900 Date-Listing: 2026-05-07 Status: Pending Foreclosure/Bank Own: No

Sold Info

Date-Pending: 2026-05-17

Property Info

Realtor.com Type: Residential - Single Family Property Attached/Common Walls: No Construction Status: Existing Structure Beds: 5 Bathrooms Three Quarter: 1 Bathrooms Full: 2 Bathrooms Total: 3 SF-Res: 2496 Year Built: 1970 Year Updated: 2024 SF-Lot: 7405.2 Lot Area Source: Tax Authority Acres: 0.17 Zoning: R1 - Single Family Res (re: Cities Palmer/Wasilla)

Remarks and Directions

Directions: From Glenn Hwy North, Right on Dolphin Ave, Right on Bailey Street, house on the left

Mortgage Info

EM Minimum Deposit: 3800

Property Features

Residential Type: Single Family Res Construction Type: Wood Frame Exterior Finish: Wood Roof Type: Asphalt; Composition; Shingle Foundation Type: Block Floor Style: Split Entry Garage Type: None Carport Type: None Heating: Baseboard; Natural Gas; Radiant Sewer Type: Public Sewer Water Source: Public Dining Room Type: Area Features-Interior: BR/BA on Main Level; BR/BA Primary on Main Level; Ceiling Fan(s); CO Detector(s); Den &/Or Office; Electric; Family Room; Fireplace; Jetted Tub; Smoke Detector(s); Vaulted Ceiling(s); Washer &/Or Dryer Hookup; Window Coverings; Laminate Counters Appliances: Electric Range; Oven; Refrigerator; Dishwasher; Dryer; Washer; Tankless Water Heater Flooring: Carpet; Hardwood; Laminate; Linoleum Features-Additional: Private Yard; Deck/Patio; Fire Service Area; In City Limits; Road Service Area; Shed; View; Paved Driveway Access Type: Dedicated Road; Maintained; Paved View Type: Mountains; Unobstructed Topography: Level; Sloping Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None To Show: ShowingTime Listing Terms Financing: Cash; Conventional; FHA; VA Loan; Other Docs Avl for Review: Docs Posted on MLS; Floor Plan; Other - See Remarks
Listing Office: Signature Real Estate Alaska
Last Updated: May - 17 - 2026
471 N Bailey Street, Palmer, AK 99645- MLS# 26-5052
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.