505 Craig Avenue, Fairbanks, AK 99701

$675,000
Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 4,340 Lot Size (sq. ft.): 8,400 Status: Closed
Current Price: $675,000 Last Modified: 2/26/2026

Description

Energy efficiency meets luxury living in this 4,340 SF custom home with upscale finishes and a smart, versatile layout. Includes a 956 SF 1BR/1BA MIL apartment with laundry. Main house offers 3,384 SF, 3BR/2.5BA, spacious living, high-end kitchen, dining, and two bonus rooms. Solar, country-style wrap around porch with stamped concrete finish connects to a landscaped yard with greenhouse.

Supplements: This custom home combines craftsmanship, energy efficiency, and elegant design in one remarkable package. With 4,340 SF total, the property includes a 956 SF mother-in-law apartment (1BR/1BA with laundry) seamlessly tied into the main residence. The 3,384 SF main house features 3 bedrooms, 2.5 baths, a large living room, upscale kitchen, and generous dining area. Two bonus rooms add flexibilityone off the living room ideal for a home office or den, and another off the kitchen currently used as a craft/sewing space but equally suited for hobbies or formal dining. Built to AHFC 5-Star Plus standards, the home delivers proven energy performance while maintaining comfort and luxury. Utility savings are paired with a warm, inviting atmosphere. Outside, a country-style wrap around porch with stamped concrete finish wraps around the home, leading to beautifully landscaped grounds with a greenhouse, container gardens, walkways, a conversation/fire pit area, and hot tub. The curb appeal is striking, and every detail reflects thoughtful design and enduring quality. There are fifteen bi-facial solar panels, designed to collect energy from both sides for maximum efficiency. The system sends power back to the grid, as shown in the usage history. This is a rare opportunity where energy-smart design and luxury finishes align with indoor comfort and outdoor living. Dog grooming station in laundry room and 3 cords of dry/split birch firewood are negotiable. Selling licensee refer to Instructions for Submitting and Offer in associated documents.

More Information MLS# 25-12126

Location Legal and School Info

Area: 715 - East Fairbanks Street #: 505 Street Name: Craig Arterial: Avenue Closest USPS Town: Fairbanks State: AK Zip Code: 99701

Contract Info

Price-List: 675000 Date-Listing: 2025-09-13 Status: Closed Foreclosure/Bank Own: No

Sold Info

Date-Pending: 2025-10-02 Date-Closing: 2025-10-30

Property Info

Realtor.com Type: Residential - Single Family Property Attached/Common Walls: No Construction Status: Existing Structure Beds: 4 Bathrooms Half: 1 Bathrooms Full: 3 Bathrooms Total: 4 SF-Res: 4340 Year Built: 2010 Garage Spaces: 3 SF-Gar: 992 SF-Lot: 8400 Lot Area Source: Plat Acres: 0.19 Zoning: TF - Two Family Residential

Remarks and Directions

Directions: Steese Hwy to Trainor Gate Rd, L on E St, R on Craig Ave, Property on Right.

Mortgage Info

EM Minimum Deposit: 12500

Property Features

Residential Type: B & B Potential; Single Family Res Construction Type: Wood Frame - 2x6 Exterior Finish: Other - See Remarks Roof Type: Shingle Foundation Type: Poured Concrete; Slab Floor Style: Two-Story Tradtnl Garage Type: Attached; Heated Carport Type: None Heating: Oil; Radiant Floor; Wood; Wood Stove Sewer Type: Public Sewer Water Source: Public Dining Room Type: Area; Formal Features-Interior: Air Exchanger; CO Detector(s); Den &/Or Office; Family Room; Jetted Tub; Smoke Detector(s); Soaking Tub; Washer &/Or Dryer; Window Coverings; Wood Stove; Solid Surface Counter Appliances: Range; Oven; Refrigerator; Dishwasher; Dryer; Washer; Washer/Dryer Flooring: Carpet; Hardwood; Bamboo Features-Additional: Fenced Yard; Private Yard; Buried Fuel Tank; Cable TV; Covenant/Restriction; Deck/Patio; Fire Service Area; Garage Door Opener; Greenhouse; Hot Tub; In City Limits; Landscaping; Shed; Storage; Paved Driveway Access Type: Dedicated Road; Maintained; Paved Topography: Level Wtrfrnt-Frontage: None Wtrfrnt-Access Near: None To Show: Lockbox-FBKS Supra Listing Terms Financing: AHFC; Cash; Conventional; VA Loan Docs Avl for Review: PUR 101
Listing Office: Russo Realty
Last Updated: February - 26 - 2026
505 Craig Avenue, Fairbanks, AK 99701- MLS# 25-12126
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.