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Land Sale Detail
Mountain Point Lighthouse
DISPOSAL PLAN
OVER-THE-COUNTER LAND SALE
LOCATION
PETERSBURG, ALASKA
T59S, R79E, SEC. 27
COPPER RIVER MERIDIAN
PETERSBURG RECORDING DISTRICT
PLAT # 2008-17
DESCRIPTION
The University of Alaska is offering several waterfront recreational/residential subdivision lots located approximately five miles south of Petersburg, Alaska on the west side of the Wrangell Narrows. The subdivision is outside of the boundaries of the City of Petersburg.
There are no public utilities and no constructed road access to these lots. The subdivision is water access only. All lots have east facing frontage on the Wrangell Narrows. The lots are steep to gently sloping and are generally covered with cedar, hemlock and spruce trees. These lots may contain wetlands and may require a U.S. Army Corps of Engineers wetlands permit prior to development.
This subdivision is subject to certain covenants, conditions and restrictions. Copies of the Master Declaration of Covenants, Conditions and Restrictions for Mountain Point Lighthouse Subdivision are available on the University website at www.ualand.com, or from the Land Management office in Anchorage or Fairbanks.
Interested parties should thoroughly inspect these parcels prior to submitting offers to ensure that the lots are suitable for the party’s intended use. Additional information regarding these parcels may be available from local, state and federal offices, including but not limited to: the city or borough assessor’s office, building permitting office and land planning office; local utility companies; district recorder’s office; the State of Alaska Department of Natural Resources, Department of Environmental Conservation, Department of Fish and Game and Department of Transportation and Public Facilities; and the U.S. Department of the Interior Bureau of Land Management, Geological Survey and Environmental Protection Agency, and the U.S. Army Corps of Engineers.
The standard documents that will be used to close sales in this offering are available below. A copy of the Mountain Point Lighthouse Subdivision plat is available at the District Recorder’s office in Ketchikan (Phone: 907. 225.3142) or online www.dnr.state.ak.us/recorders (using the “Search Menu”).
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| PARCEL |
AREA | SUBDIVISION | LOT | ACRES | MINIMUM
PRICE |
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| PE.MP.0003 |
Petersburg | Mountain Point Lighthouse | 2 | 4.680 | $65,000 |
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| PE.MP.0004 |
Petersburg | Mountain Point Lighthouse | 3 | 7.280 | $65,000 |
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| PE.MP.0005 |
Petersburg | Mountain Point Lighthouse | 4 | 10.970 | $65,000 |
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| PE.MP.0006 |
Petersburg | Mountain Point Lighthouse | 5 | 10.810 | $60,000 |
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| PE.MP.0007 |
Petersburg | Mountain Point Lighthouse | 6 | 11.440 | $65,000 |
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| PE.MP.0008 |
Petersburg | Mountain Point Lighthouse | 7 | 7.410 | $60,000 |
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| PE.MP.0009 |
Petersburg | Mountain Point Lighthouse | 8 | 7.520 | $60,000 |
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| PE.MP.0010 |
Petersburg | Mountain Point Lighthouse | 9 | 7.630 | $60,000 |
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PROCESS - Over-the-Counter Purchase Terms and Conditions
The parcel(s) listed above is being offered for sale by the University of Alaska on a first come, first served basis, at or above the Minimum Price. The terms and conditions of this offering are available below. Offer to Purchase Forms are attached to the terms and conditions. Offers must include a minimum of Ten Percent (10%) of the offer amount, to be applied towards the purchase. The University will pay a fee to real estate brokers in accordance with the Notice to Brokers provided below.
OPTION 1 - Cash Sale
Cash purchases require that the entire balance of the purchase price be paid in full at the time of closing. Cash sales generally close within 90-days of the date of the Purchase Agreement. It may be closed earlier, at the University's discretion, to accommodate buyers. Total closing costs for cash sales are typically about $50. Copies of the University's current cash sale closing documents are available for review below.
OPTION 2 - Financed Sale
The University will finance up to 90% of the purchase price for a term of up to 20 years (depending on the amount financed) on-approved-credit. The current interest rate for financed sales is listed below. Financed sales typically take up to 90 days to close, but earlier closings may be accommodated, at the University's discretion. Total closing costs for financed sales are generally between $425 and $600. Copies of the University's current financed sale closing documents are available for review below.
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