$470,000
SOLD MAY 15, 2025

603 Alder St Prescott, AZ 86301

3 Beds
3 Baths
1,693 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$278 Per Sq Ft

6% Below List Price

28 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Ceiling Fan
  • Taylor Hicks School Rated A-
  • Forced Air Heating System
  • 4-minute walk to Ken Lindley Park

About This Home

As of May 2025

Charming Vintage Cottage located near Ken Lindley Park, on a tree lined, quiet cul-de-sac in the heart of Prescott. Main home has 2 bedrooms, 1.5 baths, large laundry/storage room, and a bonus room that could be a bedroom. The full bathroom, water heater, furnace and a/c were updated 2022. The studio has 3/4 bath, kitchenette, updated flooring, appliances, and roof. Just blocks from the Prescott Courthouse Plaza. Walk to restaurants, entertainment venues. Yavapai College is nearby. RV or trailer parking is okay. This property is zoned for multi family and the oversized lot has space to add more units. Perfect for vacation rental, long term rental or live in the main home and continue to rent out the studio. Originally built in 1949, the county indicates 1976 as the effective age.

Last Agent to Sell the Property

Kathleen Rafters

Realty ONE Group Mountain Desert License #SA634491000 Listed on: 02/12/2025

Realty ONE Group Mountain Desert

Last Buyer's Agent

Teresa Lohmeier

Above The Best Realty LLC License #SA697937000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,021

Year Built

  • Built in 1976

Lot Details

  • 7,405 Sq Ft Lot
  • Fenced

Parking

  • 2 Car Parking Spaces

Interior Spaces

  • 1,693 Sq Ft Home
  • Ceiling Fan

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Refrigerated and Evaporative Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 220 Volts
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 34

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,021

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • FILLYEARBUILT: 1976
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Year Built: 1976

Interior Features

  • Flooring: Vinyl, Wood
  • Owner Pays: None
  • Possible Bedrooms: 4
  • Total Bedrooms: 3

Exterior Features

  • Exterior Features: Fence
  • Roof: Asphalt
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Construction Type: Frame
  • Neighborhood: N/A

Utilities

  • Cooling: Ceiling Fan(s), Central Refriger, Room Refrigeration
  • Heating: Forced - Gas, Natural Gas, Wall Furnace
  • Electric: 220 Volts
  • Utilities: Electricity Available, Natural Gas Available, Phone Available, WWT - City Sewer
  • Water Source: Public
  • Water Heater: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Management: Owner

Lot Info

  • Zoning: MF-M
  • Lot Size Acres: 0.17
  • Additional Parcels: No
  • Parcel #: 9
  • AssessorsBook: 114
  • AssessorsMap: 5
  • AssessorsParcel: 34

Rental Info

  • RentLease: No
  • Lease: 2700.00

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Parcel Letter: 114-05-034

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2025
Closed on
Apr 2, 2025
Sold by
Frost Michael and Frost Veronica L
Bought by
Caz Property Holdings Llc
Seller's Agent
Kathleen Rafters
Realty ONE Group Mountain Desert
Buyer's Agent
Teresa Lohmeier
Above The Best Realty LLC
List Price
$500,000
Sold Price
$470,000
Premium/Discount to List
-$30,000
-6%
Views
15
Current Estimated Value
$495,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,510
Avg. Annual Appreciation
13.41%
Original Mortgage
$376,000
Outstanding Balance
$374,328
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$121,182

Purchase Details

Listed on
Jun 8, 2022
Closed on
Jul 15, 2022
Sold by
Phoebe Teskey
Bought by
Frost Michael and Frost Veronica L
Seller's Agent
Christin Kingsbury
Keller Williams Northern AZ
Buyer's Agent
KATHI RAFTERS
Realty Executives Northern AZ
List Price
$500,000
Sold Price
$475,000
Premium/Discount to List
-$25,000
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.37%
Original Mortgage
$375,000
Interest Rate
5.23%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 25, 2021
Sold by
Teskey Tomas
Bought by
Teskey Phoebe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
2.73%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 13, 2011
Sold by
Teskey Floramae
Bought by
Teskey Tomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,565
Interest Rate
4.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2010
Sold by
Vanherpen John
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 14, 2006
Sold by
Vanharpen Mickinze
Bought by
Vanharpen John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
6.57%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 3, 2006
Sold by
Vanherpen Mickinze Ann and Klinger Mickinze Ann
Bought by
Vanherpen John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
1%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 10, 2005
Sold by
Spitler Dewey A
Bought by
Vanherpen John and Klinger Mickinze Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.81%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 28, 2001
Sold by
Leclair Katherine E and Leclair John Edward
Bought by
Spitler Dewey A
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Warranty Deed $470,000 Title Services Of The Valley
Warranty Deed $475,000 New Title Company Name
Warranty Deed $90,000 Yavapai Title
Interfamily Deed Transfer -- Pioneer Title Agency Inc
Special Warranty Deed $128,900 Pioneer Title Agency Inc
Trustee Deed $158,939 First American Title
Interfamily Deed Transfer -- First American
Quit Claim Deed -- Yavapai Title Agency Inc
Warranty Deed $170,000 Yavapai Title Agency
Warranty Deed $115,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $376,000 New Conventional
Previous Owner $375,000 Seller Take Back
Previous Owner $65,000 Seller Take Back
Previous Owner $109,565 New Conventional
Previous Owner $36,000 Credit Line Revolving
Previous Owner $164,000 Fannie Mae Freddie Mac
Previous Owner $160,000 Seller Take Back
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/15/2025 05/15/25 Sold $470,000 -6.0% $278 / Sq Ft
03/12/2025 03/12/25 Pending -- -- --
02/12/2025 02/12/25 For Sale $500,000 +5.3% $295 / Sq Ft
07/20/2022 07/20/22 Sold $475,000 -5.0% $281 / Sq Ft View Prior Sale
06/15/2022 06/15/22 Pending -- -- --
06/08/2022 06/08/22 For Sale $500,000 -- $295 / 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 $1,021 $42,412 -- --
2024 $500 $40,632 -- --
2023 $500 $35,108 $5,791 $29,317
2022 $490 $31,169 $7,563 $23,606
2021 $511 $30,465 $6,984 $23,481
2020 $512 $0 $0 $0
2019 $505 $0 $0 $0
2018 $487 $0 $0 $0
2017 $465 $0 $0 $0
2016 $468 $0 $0 $0
2015 $449 $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: 1070627

Prescott Area Association of REALTORS®

APN: 114-05-034