NOT LISTED FOR SALE

1141 E Gurley St Prescott, AZ 86301

Prescott Area
-- Bed
30 Baths
9,112 Sq Ft
0.62 Acre Lot

Sale Details

Date Sold: November 22, 2019

Last sale price $2,060,000 $226 Per Sq Ft

21 Days on Market

Highlights

  • No HOA
  • Landscaped
  • Laundry Facilities
  • Taylor Hicks School Rated A-
  • Refrigerated and Evaporative Cooling System
  • Vinyl Flooring

About This Home

As of November 2019

Completely renovated apartment complex in the city's Historic Motor Court District. Originally built in 1954 but extensively remodeled from top to bottom in 2017. Formerly a Motel, the property consists of 30 units; 28 studio apartments and 2 one bedroom apartments with a coin-op laundry facility. 100% occupied by renewable master lease with Catholic Charities Community Services. Excellent and secure investment opportunity located in the heart of Prescott!

Last Agent to Sell the Property

Joe Karcie

RE/MAX Mountain Properties License #BR545249000 Listed on: 07/19/2019

RE/MAX Mountain Properties

Last Buyer's Agent

NON MEMBER

EVERGREEN HOMES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,047

Year Built

  • Built in 1982

Lot Details

  • 27,007 Sq Ft Lot
  • Landscaped

Home Design

  • Wood Frame Construction
  • Rolled or Hot Mop Roof

Interior Spaces

  • 30 Full Bathrooms
  • 9,112 Sq Ft Home
  • Vinyl Flooring

Utilities

  • Refrigerated and Evaporative Cooling System
  • Heating System Mounted To A Wall or Window
  • Electricity To Lot Line
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 84

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • Tritle Tract Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,047

Year Built

Built in 1982

Lot Details

0.62 Acres

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1982
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Number Of Buildings: 5
  • Owner Pays: Other, Sewer, Trash Collection, Water
  • Full Bathrooms: 30

Exterior Features

  • Exterior Features: Landscaped, Laundry Facilities
  • Roof: Rolled/Hot Mop
  • Construction Type: Wood Frame

Utilities

  • Cooling: Other, Room Refrigeration, See Remarks
  • Heating: Wall Unit(s)
  • Utilities: Electricity On-Site, Water - City, WWT - City Sewer
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No
  • Management: Mgmt Company

Lot Info

  • Zoning: BG
  • Lot Size Acres: 0.62
  • Lot Size Sq Ft: 27007
  • AssessorsBook: 114
  • AssessorsMap: 6
  • AssessorsParcel: 84
  • LotNumber: 4
  • AssessorParcelLtr: A

Rental Info

  • RentLease: No

Tax Info

  • Year: 2018
  • Tax Annual Amount: 7047
  • Tax Parcel Letter: 114-06-084A

Multi Family

  • VacancyRate: 0.00
  • MoreThan5Units: Yes

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 4, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,380,000
Interest Rate
0.0442%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 19, 2019
Closed on
Oct 22, 2019
Sold by
Bought by
Seller's Agent
Joe Karcie
RE/MAX Mountain Properties
Buyer's Agent
NON MEMBER
EVERGREEN HOMES
List Price
$2,385,000
Sold Price
$2,060,000
Premium/Discount to List
-$325,000
-13.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,545,000
Interest Rate
0.035%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 26, 2015
Sold by
Bought by

Purchase Details

Closed on
Jan 25, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
0.0567%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 1, 2004
Sold by
Bought by

Purchase Details

Closed on
Jan 7, 2004
Sold by
Bought by
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,400,000 Chicago Title
$2,060,000 Lawyers Title Yavapai
$215,000 Pioneer Title Agency
-- Transnation Title
-- Pioneer Title Agency Inc
-- Yavapai Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,380,000
Previous Owner $1,545,000
Previous Owner $1,325,000
Previous Owner $430,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/22/2019 11/22/19 Sold $2,060,000 -13.6% $226 / Sq Ft
10/23/2019 10/23/19 Pending -- -- --
07/19/2019 07/19/19 For Sale $2,385,000 -- $262 / Sq Ft
Source: Prescott Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2027 $6,861 $238,518
2026 $6,652 $218,553
2024 $6,516 --
2023 $6,516 $171,255 $6,907 $164,348
2022 $6,386 $146,860 $6,676 $140,184
2021 $6,962 $149,785 $5,938 $143,847
2020 $6,975 $0 $0 $0
2019 $7,306 $0 $0 $0
2018 $7,047 $0 $0 $0
2017 $4,261 $0 $0 $0
2016 $4,714 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Prescott Area Association of REALTORS®

MLS Number: 1023003

Prescott Area Association of REALTORS®
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