This form is for an option to purchase residential real estate - Commercial lot or land. It contains provisons for the payment of option money and other terms of the transaction.
Alaska Option For the Sale and Purchase of Real Estate - Commercial Lot or Land
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FAQ
The easy answer is that Alaska is big and sparsely populated, access to many places is difficult and it's far from places where goods are manufactured. Shipping is, therefore, expensive, and it drives up the costs of everything from gasoline to lumber to finished consumer goods. Hence, everything is more expensive.
A state resident interested in claiming a parcel of land in a staking area must lease the land. The lease continues until the Alaska Department of Natural Resources completes a survey process. Once the parcels are surveyed, the resident has the right to purchase the parcel at market rates.
As far as rent goes, Alaska is ever so slightly cheaper than the U.S. as a whole. According to Apartment List's 2019 report, the median rent for a studio and one bedroom apartment in Alaska is $17 and $21 cheaper than the national median, respectively. The state is mostly made up of homeowners, though.
Today, Alaska is, of course, worth much more than that. The state encompasses 586,412 square miles or more than 375 million acres. 2 Even at a cost of just $100 per acre, that would equate to more than $37 billion. Plus, the state churns out hundreds of thousands of barrels of oil each year.
The federal and state agencies in Alaska do not offer free land. The State of Alaska's Department of Natural Resources however does have a Public Land Sale program and some other organizations in Alaska may occasionally offer land for sale to private citizens.
The average price of land listings for sale in Alaska is $275,092. Alaska's mountainous, northerly terrain is not optimal for any significant agricultural output, with most of the farmland given over to crop production.
Land Transfer EntitlementsThe total entitlement to the State of Alaska is 104.5 million acres, roughly the size of California. The remaining state entitlement is 5.2 million acres, roughly the size of New Jersey. The total ANCSA entitlement is 45.7 million acres, roughly the size of the state of Washington.
No. Homesteading ended on all federal lands on October 21, 1986. The State of Alaska currently has no homesteading program for its lands. In 2012, the State made some state lands available for private ownership through two types of programs: sealed-bid auctions and remote recreation cabin sites.