$1,400,000
SOLD FEB 28, 2025

3220 State Highway 89 Prescott, AZ 86301

21 Beds
3 Baths
5,889 Sq Ft
0.92 Acres

Recently Sold

$238 Per Sq Ft

12% Below List Price

104 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Multiple Water Heaters
  • Abia Judd Elementary School Rated A-
  • Refrigerated and Evaporative Cooling System
  • 1-Story Property

About This Home

As of February 2025

Investment Opportunity: 20-Unit Apartment Complex in Prime LocationDiscover a rare value-add opportunity with this 20-unit apartment complex, ideally situated between Willow and Watson Lakes in the Dells. This property presents a unique chance for savvy investors to unlock its full potential and capitalize on a thriving rental market.Gross rent, NOI and GRM numbers are based on pro-forma. More details available for serious inquiries.

Last Agent to Sell the Property

Matthew Fish

Prescott Commercial Real Estate License #BR626105000 Listed on: 10/14/2024

Last Buyer's Agent

Matthew Fish

Prescott Commercial Real Estate License #BR626105000 Listed on: 10/14/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,321

Year Built

  • Built in 1963

Lot Details

  • 0.92 Acre Lot
  • Property fronts a highway

Parking

  • 1 Car Parking Space

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 3 Bathrooms
  • 5,889 Sq Ft Home
  • 1-Story Property

Utilities

  • Refrigerated and Evaporative Cooling System
  • Evaporated cooling system
  • Baseboard Heating
  • 220 Volts
  • Private Company Owned Well
  • Multiple Water Heaters

Community Details

  • No Home Owners Association
  • 2 Buildings
  • 20 Units

Listing and Financial Details

  • The owner pays for gas, trash collection, water
  • Assessor Parcel Number 18

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,321

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • FILLYEARBUILT: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Flooring: See Remarks
  • Number Of Buildings: 2
  • Owner Pays: Gas, Trash Collection, Water
  • Possible Bedrooms: 21
  • Stories: 1

Exterior Features

  • Exterior Features: None
  • Roof: Asphalt Shingle
  • Road Frontage Type: Highway
  • Road Surface Type: Paved
  • Construction Type: Wood Frame
  • Neighborhood: N/A

Utilities

  • Cooling: Evaporative Cooling, Room Refrigeration
  • Heating: Baseboard
  • Utilities: Service - 220v, Natural Gas On-Site, Well Private, WWT - City Sewer
  • Water Heater: Two or More

Condo/Co-op/Association

  • Association: No
  • Management: Owner

Lot Info

  • Zoning: RS-35 and C1-2
  • Lot Size Acres: 0.92
  • Lot Size Sq Ft: 39902
  • Additional Parcels: No
  • AssessorsBook: 106
  • AssessorsMap: 13
  • AssessorsParcel: 18
  • LotNumber: na
  • AssessorParcelLtr: C

Rental Info

  • RentLease: No

Tax Info

  • Year: 2023
  • Tax Annual Amount: 6321
  • Tax Parcel Letter: 106-13-018C

Multi Family

  • Number Of Units Total: 20
  • VacancyRate: 0.00
  • MoreThan5Units: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2024
Closed on
Feb 24, 2025
Sold by
Granite Dells Lodge Llc
Bought by
Hall Lodge Llc
Seller's Agent
Matthew Fish
Prescott Commercial Real Estate
Buyer's Agent
Matthew Fish
Prescott Commercial Real Estate
List Price
$1,599,999
Sold Price
$1,400,000
Premium/Discount to List
-$199,999
-12.5%
Views
23
Current Estimated Value
$1,418,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,889
Avg. Annual Appreciation
2.51%
Original Mortgage
$1,000,000
Outstanding Balance
$998,369
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$419,125

Purchase Details

Closed on
Mar 29, 2002
Sold by
Stromberg William Charles and Stromberg Betty Jean
Bought by
Granite Dells Lodge Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $1,400,000 Yavapai Title Agency
Special Warranty Deed -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,000,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Sold $1,400,000 -12.5% $238 / Sq Ft
01/22/2025 01/22/25 Pending -- -- --
10/10/2024 10/10/24 For Sale $1,599,999 -- $272 / Sq Ft
Source: Prescott Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

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
2026 $6,342 -- -- --
2024 $6,321 -- -- --
2023 $6,321 $95,169 $18,811 $76,358
2022 $6,280 $85,974 $24,782 $61,192
2021 $6,538 $85,831 $24,782 $61,049
2020 $6,458 $0 $0 $0
2019 $6,315 $0 $0 $0
2018 $6,067 $0 $0 $0
2017 $5,765 $0 $0 $0
2016 $5,703 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matthew Fish

    Seller's Agent in 2025

    Matthew Fish

    Prescott Commercial Real Estate

    (480) 309-1089

    156 Total Sales

    Matthew Fish
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Map

Source: Prescott Area Association of REALTORS®

MLS Number: 1068140

Prescott Area Association of REALTORS®

APN: 106-13-018C

Arizona Yavapai County Prescott 86301

3220 State Highway 89, Prescott, AZ

This home is located at 3220 State Highway 89, Prescott, AZ 86301 and is currently priced at $1,400,000, approximately $237 per square foot. This property was built in 1963. 3220 State Highway 89 is a home located in Yavapai County with nearby schools including Abia Judd Elementary School, Granite Mountain Middle School, and Prescott Mile High Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Prescott Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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