AS PER RESOLUTION No. 04-25-1937, "If the properties are not sold in the initial timeframe in which the auction was listed, they shall be relisted on the Public Surplus Auction Website in increments of thirty (30) days until sold. They shall be listed at the full appraised values as listed above."

The subject property is vacant land. This subject property is zoned Single-Family Medium Density. 

The subject property is 20,289 square feet.

To view the Borough Webpage - Alder Top Village Subdivision Land Sale Information, please follow this link: Alder Top Village Subdivision - Residential Land Sale | Wrangell Alaska

Please read through the attached appraisal thoroughly before bidding.

If you are the successful bidder, please note that at auction close, a 5% buyers premium and a $27.00 recording fee will be added to the total bid price. Also, your $500.00 deposit will be refunded you, once paid in full. 

Sale Terms (non-borough financing): The winning bidder shall sign a Purchase Agreement within ten (10) days of the closing of the auction, which will include land covenants. The property may be purchased with 20% of the winning bid amount as down payment, payable within ten (10) business days from the signing of the Purchase Agreement, with the balance due to the Borough in sixty (60) days. 

Please read through the attached Restrictive Covenants thoroughly. The Restrictive Covenants will be recorded with the quitclaim deed once paid in full.

If bidder does not pay in full within the times specified in this section, they shall forfeit their $500.00 deposit and the parcel shall be offered to the next highest bidder from the Public Surplus Site.

Sale Terms (borough financing). The borough may offer in-house financing at a premium, with the terms and conditions outlined in a Purchase Agreement. The winning bidder shall be required to notify the borough within ten (10) business days of the auction closing date that they wish to finance their property with the borough. After notifying the borough of their intent to finance through the borough, the winning bidder shall be required to sign a Purchase Agreement, which will include land covenants, withing five (5) days of notification to the borough.

Please read through the attached Restrictive Covenants thoroughly. The Restrictive Covenants will be recorded with the quitclaim deed once paid in full.

If bidder does not contact the borough within ten (10) business days to notify the borough of their intent to finance, they shall forfeit their $500.00 deposit and the parcel shall be offered to the next highest bidder from the Public Surplus Site.

Payments must be made by Certified or Cashier’s Check or wire transfer.

Purchaser shall be responsible for all recording fees with the State Recorder’s Office. Purchaser will be required to obtain any necessary federal/state/local permits for development of the land. These permits may include, but are not limited to, Corps of Engineers, Local building permit or other land use permits. 

If you are not the successful bidder, your $500.00 deposit will be refunded to you immediately but may take 3-5 days to show up. 

CONTACT INFORMATION: 

For general questions - Kate Thomas 874-2381
For utility questions - Tom Wetor 874-3904
For electrical questions - David McHolland 874-3602

IMPORTANT INFORMATION REGARING UTILITIES:

Access is available to each lot by way of Zimovia Highway. Stub-outs will be installed to the property boundary line along Zimovia Highway. Utilities to be installed beyond the stub-outs will be at the expense of the purchaser.

Wrangell Municipal Codes 15.04 – Water, and 15.08 – Sewer, and 15.12 - Electrical outlines the requirements for utilities.  Purchasers will need to coordinate with Wrangell Public Works and Wrangell Municipal Light and Power for connections to the utility services.