1657 Gold Poke Dr · Steele Creek, AK 99712

$70,000

5 bd · 3.0 ba · 2,320 sqft · SingleFamily public records · 53 Days on market

Built 1995 1.86 ac lot $30/sqft · 86% below area

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +3.6/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Home in the hills sitting on 1.8 Acres. This home features 5 bedrooms and 3 bathrooms with a spacious 2 car garage waiting on someone to come and bring it back to life. This home does not hold water pressure. Mold is present. All offers must be submitted at www. vrmproperties.com. Agents must register as a User, enter the property address, and click on "Start Offer". This property may qualify for Seller Financing (Vendee). If property was built prior to 1978, Lead Based Paint Potentially Exists. Hold Harmless to be completed and submitted to Listing Broker before confirmation of showing. Due to condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless Agreement and the property may only be shown by appointment.

Key facts

• 1.86 acre lot
• 2 garage spots
• Built 1995

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $70k).
• Recommended offer: $68k (3.0% below list) — sets the bar for market timing.
• Cap rate 24.5% vs local median 2.0% in Steele Creek — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 64/100 on livability (#37 in AK) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+; Watch: crime D+, schools D-, amenities F.
• Fairbanks North Star Borough School District (urban): math 33% / reading 45% proficiency, ranked #10 of 21 in AK (top 48%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 149 active listings in the ZIP; 1 units permitted in Fairbanks North Star Borough in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $484 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Fairbanks North Star County population projected at +6% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 53 days — a 3% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 6y ago; this cycle's ask has dropped $10k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $67,900 (3.0% below list)

Questions for the listing agent

1. It's been on market 53 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 2.80% ✓
• Cap rate: 24.54%
• Cash-on-cash: 65.17%
• DSCR: 3.90
• GRM: 3.0

CMA / ARV

• ARV (median comp): $494,962
• List price: $70,000
• Delta: -85.86%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
417 Goldmine Trl	0.28mi	4/3.0 (-1)	2,098 (-10%)	15mo	$434,900	$207	54
435 Gold Mine Trl	0.41mi	4/3.0 (-1)	2,376 (+2%)	24mo	$425,000	$179	52

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 64.3%
• Equity multiple: 3.88×
• Total profit: $56,481
• Equity at exit: $10,437

10-year hold

• IRR: 68.7%
• Equity multiple: 7.97×
• Total profit: $136,600
• Equity at exit: $6,052

Cash invested: $19,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 80 Strongly Landlord-Friendly
• State Alaska: 80 Strongly Landlord-Friendly · R+8
• County: — inherits STATE
• City: — inherits STATE

30-day notice; security deposits capped; courts moderate-paced.

Methodology + full state rankings →

ZIP-level market 99712

• Home prices YoY: -24.2%
• Active inventory: 149
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $1,960 medium
• Mortgage (P&I): −$367
• Tax est. 1.5%: −$88 /mo · $1,050/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$412
• Net cashflow: $1,064

Break-even live

Break-even rent $612

Max offer price $70,000

Occupancy floor 41%

Sensitivity live

Price	-10% $1,113	-5% $1,089	+0% $1,064	+5% $1,040	+10% $1,016
Rent	-10% $910	-5% $987	+0% $1,064	+5% $1,142	+10% $1,219
Rate	-1.0pp $1,100	-0.5pp $1,082	base $1,064	+0.5pp $1,046	+1.0pp $1,028

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-10
   days on market $70,000 Active 53 DOM
2. 2026-06-09
   days on market $70,000 Active 52 DOM
3. 2026-06-08
   days on market $70,000 Active 51 DOM
4. 2026-06-02
   days on market $70,000 Active 47 DOM
5. 2026-06-01
   days on market $70,000 Active 46 DOM
6. 2026-05-31
   days on market $70,000 Active 45 DOM
7. 2026-05-30
   days on market $70,000 Active 44 DOM
8. 2026-05-14
   price $70,000 791-char remark

   Show marketing remark (791 chars)

   Home in the hills sitting on 1.8 Acres. This home features 5 bedrooms and 3 bathrooms with a spacious 2 car garage waiting on someone to come and bring it back to life. This home does not hold water pressure. Mold is present. All offers must be submitted at www. vrmproperties.com. Agents must register as a User, enter the property address, and click on "Start Offer". This property may qualify for Seller Financing (Vendee). If property was built prior to 1978, Lead Based Paint Potentially Exists. Hold Harmless to be completed and submitted to Listing Broker before confirmation of showing. Due to condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless Agreement and the property may only be shown by appointment.

9. 2026-05-08
   status Active 791-char remark

   Show marketing remark (791 chars)

   Home in the hills sitting on 1.8 Acres. This home features 5 bedrooms and 3 bathrooms with a spacious 2 car garage waiting on someone to come and bring it back to life. This home does not hold water pressure. Mold is present. All offers must be submitted at www. vrmproperties.com. Agents must register as a User, enter the property address, and click on "Start Offer". This property may qualify for Seller Financing (Vendee). If property was built prior to 1978, Lead Based Paint Potentially Exists. Hold Harmless to be completed and submitted to Listing Broker before confirmation of showing. Due to condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless Agreement and the property may only be shown by appointment.

10. 2026-05-06
    historical 791-char remark

    Show marketing remark (791 chars)

    Home in the hills sitting on 1.8 Acres. This home features 5 bedrooms and 3 bathrooms with a spacious 2 car garage waiting on someone to come and bring it back to life. This home does not hold water pressure. Mold is present. All offers must be submitted at www. vrmproperties.com. Agents must register as a User, enter the property address, and click on "Start Offer". This property may qualify for Seller Financing (Vendee). If property was built prior to 1978, Lead Based Paint Potentially Exists. Hold Harmless to be completed and submitted to Listing Broker before confirmation of showing. Due to condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless Agreement and the property may only be shown by appointment.

11. 2026-04-20
    status Active 791-char remark

    Show marketing remark (791 chars)

    Home in the hills sitting on 1.8 Acres. This home features 5 bedrooms and 3 bathrooms with a spacious 2 car garage waiting on someone to come and bring it back to life. This home does not hold water pressure. Mold is present. All offers must be submitted at www. vrmproperties.com. Agents must register as a User, enter the property address, and click on "Start Offer". This property may qualify for Seller Financing (Vendee). If property was built prior to 1978, Lead Based Paint Potentially Exists. Hold Harmless to be completed and submitted to Listing Broker before confirmation of showing. Due to condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless Agreement and the property may only be shown by appointment.

12. 2026-04-15
    historical 791-char remark

    Show marketing remark (791 chars)

    Home in the hills sitting on 1.8 Acres. This home features 5 bedrooms and 3 bathrooms with a spacious 2 car garage waiting on someone to come and bring it back to life. This home does not hold water pressure. Mold is present. All offers must be submitted at www. vrmproperties.com. Agents must register as a User, enter the property address, and click on "Start Offer". This property may qualify for Seller Financing (Vendee). If property was built prior to 1978, Lead Based Paint Potentially Exists. Hold Harmless to be completed and submitted to Listing Broker before confirmation of showing. Due to condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless Agreement and the property may only be shown by appointment.

13. 2026-04-07
    listed $80,000 Active 791-char remark

    Show marketing remark (791 chars)

    Home in the hills sitting on 1.8 Acres. This home features 5 bedrooms and 3 bathrooms with a spacious 2 car garage waiting on someone to come and bring it back to life. This home does not hold water pressure. Mold is present. All offers must be submitted at www. vrmproperties.com. Agents must register as a User, enter the property address, and click on "Start Offer". This property may qualify for Seller Financing (Vendee). If property was built prior to 1978, Lead Based Paint Potentially Exists. Hold Harmless to be completed and submitted to Listing Broker before confirmation of showing. Due to condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless Agreement and the property may only be shown by appointment.

14. 2021-01-19
    soldstatus 483-char remark

    Show marketing remark (483 chars)

    Wow! Sitting at 2320 square feet, this home features 5 bedrooms, 2 full baths, 2 half baths, AND an Office! This home is on 1.8 acres in the hills, and has a large garage. You'll also notice a huge kitchen built for entertaining. The Master Suite is gigantic with a ton of storage space and its own dedicated bathroom. This home and septic have been inspected by Arctic Engineering, and is just waiting for a buyer and an appraisal! Come out to Gold Poke and take a look at this one!

15. 2021-01-19
    soldstatus

    Show marketing remark (483 chars)

    Wow! Sitting at 2320 square feet, this home features 5 bedrooms, 2 full baths, 2 half baths, AND an Office! This home is on 1.8 acres in the hills, and has a large garage. You'll also notice a huge kitchen built for entertaining. The Master Suite is gigantic with a ton of storage space and its own dedicated bathroom. This home and septic have been inspected by Arctic Engineering, and is just waiting for a buyer and an appraisal! Come out to Gold Poke and take a look at this one!

16. 2020-11-17
    status Pending
17. 2020-11-06
    price $372,400
18. 2020-10-23
    listed $372,400 483-char remark

    Show marketing remark (483 chars)

    Wow! Sitting at 2320 square feet, this home features 5 bedrooms, 2 full baths, 2 half baths, AND an Office! This home is on 1.8 acres in the hills, and has a large garage. You'll also notice a huge kitchen built for entertaining. The Master Suite is gigantic with a ton of storage space and its own dedicated bathroom. This home and septic have been inspected by Arctic Engineering, and is just waiting for a buyer and an appraisal! Come out to Gold Poke and take a look at this one!

19. 2020-10-23
    listed $374,900 Active

    Show marketing remark (483 chars)

    Wow! Sitting at 2320 square feet, this home features 5 bedrooms, 2 full baths, 2 half baths, AND an Office! This home is on 1.8 acres in the hills, and has a large garage. You'll also notice a huge kitchen built for entertaining. The Master Suite is gigantic with a ton of storage space and its own dedicated bathroom. This home and septic have been inspected by Arctic Engineering, and is just waiting for a buyer and an appraisal! Come out to Gold Poke and take a look at this one!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🫁 Air quality 1/10 Low

Taxation est. · year 1

• Rental income: $23,517
• − Mortgage interest: −$3,921
• − Property taxes: −$1,050
• − Insurance: −$350
• − Repairs & maintenance: −$1,881
• − Management: −$1,881
• − Depreciation: −$2,036
• Taxable income: $12,397
• Est. tax owed @ 24.0%: −$2,975
• After-tax cash flow: $9,798/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Fairbanks North Star Borough School District
• NCES district ID: 0200600
• Math proficiency: 33% ▼ -6.00%
• Reading proficiency: 45% ▲ 3.00%
• Median HH income: $69,697
• Composite: 35.5/100
• National rank: #4915
• State rank: #10 of 21 in AK

Livability — Steele Creek

• Score: 64/100
• State rank: #37
• US rank: #14515

Category grades

Amenities F Commute F Cost of living C Crime D+ Employment A+ Housing A+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Steele Creek, AK
• Population (ZIP): 12,070

Population outlook (Fairbanks North Star County) Hauer SSP2

• Today (2025): 101,607 people
• By 2030: 102,796 · +1.2%
• By 2040: 104,748 · +3.1%
• By 2050: 107,598 · +5.9%
• By 2075: 118,829 · +16.9%
• By 2100: 127,151 · +25.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Native American 9% Two or more races 8% Hispanic / Latino 5% Asian 2%
• Common ancestry: Italian 4% Portuguese 3% Slovak 2%
• Foreign-born: 3% · Canada, China
• Languages at home: 95% English-only · Other Asian/Pacific 1% Spanish 1%

Political lean MEDSL · Fairbanks North Star

• 2016 margin: R (+15.2) · D 37.7% · R 52.9% · Other 9.4%
• All cycles: 2016: R+15.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -47.35%
• Current HPI: 148.2472
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-81.2% since first listed

12 events — show timeline

• 2026-05-14 Price Changed $70,000 GFBR
• 2026-05-08 Relisted — GFBR
• 2026-05-06 Delisted — GFBR
• 2026-04-20 Relisted — GFBR
• 2026-04-15 Delisted — GFBR
• 2026-04-07 Listed $80,000 GFBR
• 2021-01-19 Sold (Public Records) — Public Records
• 2021-01-19 Sold (MLS) — GFBR
• 2020-11-17 Pending — AKMLS
• 2020-11-06 Price Changed $372,400 AKMLS
• 2020-10-23 Listed $374,900 AKMLS
• 2020-10-23 Listed $372,400 GFBR

Property tax history

+4.0%/yr

Latest (2025): $7,266 · +2.1% YoY. Source: county tax records.