NOT LISTED FOR SALE

Estimated Value: $484,889 - $708,000

-- Bed
3 Baths
1,740 Sq Ft
$320/Sq Ft Est. Value

Last Sold July 20, 2021

Last sale price $500,000 $287 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,066/month

168 Days on Market

Highlights

  • Wood Flooring
  • Evaporated cooling system
  • Heating Available
  • Clarkdale-Jerome Elementary School Rated A-
  • Ceiling Fan

About This Home

As of July 2021

Yowzawowza! You will not believe the views of the Verde Valley, and beyond, at The Eagles Nest in Jerome! This special property must be experienced to be fully appreciated.

This three-story building, with a separate unit on each level, has so many possibilities whether it is used for long-term tenants, or vacation renters, the new owner will have one of the most delightful properties in the Verde Valley.

The pride of ownership and respect for the history of the home is abundantly clear everywhere you look. This property is turn-key and ready to hit the ground running.

CONTINUED IN SUPPLEMENTAL: ---------------------------------

Built in 1904, this building has a rich history & has withstood time (effective age is 1950 per county). The owners have done all the hard work with extensive remodeling, building/foundation stabilization, electrical, plumbing, exterior, roof, stairs, windows, & decking, making it a modern-day gem.

This property is being sold with the vacant lot next door (parcel #401-08-016C) which has additional potential for the property including the ability to create amazing outdoor space that will enhance each unit. That lot is .07 acres making the listing a total of .13 acres.

Additionally, the owners will be soon selling their property at 721 Clark Street, The Wallace House (parcel #401-08-016D). Please inquire further if you would like to learn more about that property as well. Purchasing both properties is an opportunity to own four potential income producing units (a buyer should confirm allowable usage for each unit with the city) in the wonderfully unique tourist town of Jerome with its bustle of restaurants, shops & bars.

There is off-street parking for the home, but as is the case with most of Jerome, it is limited & a narrow fit. You will also improve your fitness as there is an abundance of stairs to get up to each unit! Of note, there are no laundry facilities anywhere on the property.

Get ready to take in absolutely stunning views of the Verde Valley where you can see the red rocks of Sedona and all the way to the snow-capped mountains of Flagstaff & the San Francisco Peaks!

The Eagles Nest has been a labor of love and commitment - you will feel it, the moment you step foot on the property.

DETAILS:

Level 1 Unit 1 - This sweet apartment is a 1 bedroom/1 bath with a bonus room for an office, plus a living room and a kitchen.
Gorgeous vintage hardwood floors in the living areas & contemporary tile in the kitchen and bathroom.

Living room has a fireplace with a brick wall surround framing it in. Loads of windows with beautiful antique framework tons of natural light coming in! There is also a private front deck to enjoy the views.

There is a fully operational kitchen with refrigerator, electric stove & a double wide sink + lower cabinets. This kitchen is adorable with the tin tile walls and ceiling + the black & white tile counter tops.

The bathroom continues with the vintage charm found in the tin tile accent wall, claw foot tub/shower combo & the petite pedestal sink. This unit is a retro cutie from top to bottom. You will be impressed by all of the quality woodwork from a time where craftsmanship mattered.

Unit has tenants until 12/31/2020 and after they move out, the unit will be kept vacant. They have been wonderful tenants who have treated the apartment like their own.

Level 2 Unit 2 - Transport to another time! This stunning unit is a delight in every room & corner. Tons of windows & light. Glorious woodwork abounds from the window frames, door frames, molding, base boards, tongue & groove ceiling in the bedroom, and more vintage hardwood in the main living areas.

This unit is a 1 bedroom/1 bath with a fantastic living room with a fireplace, separate dining room, and a front room that can be used as an office or sitting area. Two separate doors will lead you out the private deck where the views just keep getting bigger.

The wonderful kitchen continues with the lovely tin tiles both on the walls & ceiling. Check out the delightful vintage refrigerator & gas stove! There is a double sink with counter space on both sides. There is continued countertop past the sink with a good amount of cabinetry and built-in cupboards. The kitchen is drowning in sunlight and is quite spacious with a breakfast nook area for casual dining.

This bathroom too has a wonderful claw foot tub/shower combo & is outfitted with more tin tiles. It jack & jills with two entrance points at the bedroom and from the dining room.

This unit is vacant, used in the past as a vacation rental. The antique pump organ conveys with the property, but the unit will be sold unfurnished (all personal property will be removed within 72 hours of COE).

Level 3 Unit 3 - The top of the world and the inspiration that is The Eagle's Nest! This top floor unit is a large studio apartment and quite surreal.

Enter into the apartment through the double French doors leading you into the sleeping area. It is nicely situated to allow a bit of privacy from the main living area. The brick chimney also adds a natural separation between this side of the unit from the living room.

Once you turn the corner, prepare to be blown away with the views. With an amazing transom window, the entire Verde Valley lays out in front of you. Wonderfully sized room comfortably allows for larger furniture. There are even skylights drawing in additional natural light, so you feel nothing but space all around.

Appointed with kitchenette amenities of a sink/cupboard area, plus a mini fridge & microwave.

There is also a 3⁄4 bathroom with a single vanity & a stand up shower stall + contemporary windows for fresh air.

Nothing was overlooked in the design of this great studio apartment. For this unit, there is a side deck at the top of the stairs with built-in benches. It then wraps around to the large & lovely rear deck. This unit is privacy, paradise, and a sight to behold.

It is vacant and has been used as a vacation rental + for private family use in the past. The TV & stand, loveseat with matching easy chairs/ottomans, queen mattress/box spring/frame all convey with this unit. (all other personal property will be removed within 72 hours of COE)

This fantastic property is truly one-of-a-kind in a small mountain side town that is one-of-a-kind. Sky is literally the limit with the views and the potential to have as a stellar vacation rental. We look forward to showing you The Eagles Nest soon!

Last Agent to Sell the Property

Traci Durfee

Sedona Elite Properties License #SA684059000 Listed on: 12/10/2020

Co-Listed By

Ian Kraut

Sedona Elite Properties License #BR645547000

Last Buyer's Agent

Cindy Carfaro Marksberry

Arizona Adobe Group Realty License #SA688824000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,883

Year Built

  • Built in 1950

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Carpet

Utilities

  • Evaporated cooling system
  • Heating Available
  • Master Water Meter

Community Details

  • 3 Units
  • Copper Chief Addition Subdivision

Listing and Financial Details

  • Tax Lot 28
  • Assessor Parcel Number 40108015b

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,883

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R1-5
  • Number Of Buildings: 1
  • Year Built: 1950
  • Tax Year: 2020
  • Co List Office Mls Id: sedo001
  • Co List Office Phone: 614-477-3352
  • Subdivision Name: Copper Chief Addition
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Wood
  • Appliances: Refrigerator, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Construction Type: Wood Frame, See Remarks, Block, Brick
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other
  • Attached Garage: No

Utilities

  • Electric: Master Meter, Individual Meter
  • Cooling: Ceiling Fan(s), Evaporative Cooling, Other
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, Master Meter, City Franchise
  • Electric Master Meter: Yes
  • Main Cooling Other: Yes

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes

Lot Info

  • Parcel #: 40108015b

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 1883.0
  • Tax Lot: 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2024
Sold by
Sorrells Richard G and Sorrells Jacqueline F
Bought by
Sorrells Family Living Trust and Sorrells
Current Estimated Value
$557,472

Purchase Details

Closed on
Jan 29, 2024
Sold by
Sorrells Richard G and Sorrells Jacqueline F
Bought by
Sorrells Family Living Trust and Sorrells

Purchase Details

Listed on
Dec 10, 2020
Closed on
Jul 14, 2021
Sold by
Eagles Nest Of Jerome Llc
Bought by
Bozarth Sorrells Jacqueline F and Sorrells Richard G
Seller's Agent
Traci Durfee
Sedona Elite Properties
Buyer's Agent
Cindy Carfaro Marksberry
Arizona Adobe Group Realty
List Price
$450,000
Sold Price
$500,000
Premium/Discount to List
$50,000
11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.47%
Original Mortgage
$375,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 6, 2004
Sold by
Harris Eugene Scott and Fitzgerald Shannon K
Bought by
Eagles Nest Of Jerome Llc

Purchase Details

Closed on
Feb 21, 1994
Sold by
Richardson Gregory
Bought by
Baldwin James F and Edwards Robert Alan

Purchase Details

Closed on
Feb 7, 1994
Sold by
Baldwin James F and Edwards Robert Alan
Bought by
Harris Eugene Scott and Fitzgerald Shannon K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Sorrells Family Living Trust -- Arizona Trust & Title
Sorrells Family Living Trust -- Arizona Trust & Title
Bozarth Sorrells Jacqueline F $500,000 Stewart Ttl & Tr Of Phoenix
Eagles Nest Of Jerome Llc -- --
Baldwin James F -- Yavapai Title Co
Harris Eugene Scott $105,000 Yavapai Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bozarth Sorrells Jacqueline F $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2021 07/20/21 Sold $500,000 +11.1% $287 / Sq Ft
05/27/2021 05/27/21 Pending -- -- --
12/10/2020 12/10/20 For Sale $450,000 -- $259 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,852 $40,997 -- --
2024 $1,839 $36,970 -- --
2023 $1,850 $30,872 $3,762 $27,110
2022 $1,839 $29,152 $1,970 $27,182
2021 $1,908 $26,689 $1,806 $24,883
2020 $1,883 $0 $0 $0
2019 $1,861 $0 $0 $0
2018 $1,783 $0 $0 $0
2017 $1,730 $0 $0 $0
2016 $1,520 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 524976

Arizona Regional Multiple Listing Service (ARMLS)

APN: 401-08-015B