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$500,000

Beds
3
Baths
2.25
sq ft
1,187

603 Alder Street, Prescott, AZ 86301

603 Alder Street

Prescott, AZ 86301

  • Pending
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 / potential bedroom. The full bathroom, water heater, furnace and a/c were new 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 multi family, the oversized lot has space to add more units, (check w/ city). 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.

Details

Property type

Single Family Residence

Est. home value

$461,697

Lot size

7,376 sq ft

Price per sq ft

$422

Year built

1949

Annual property taxes

$1,021

HOA

No

Price History

03/11/2025
PrescottAZ

PrescottAZ #1070626

Pending
$500,000
02/12/2025
PrescottAZ

PrescottAZ #1070626

Listed
$500,000
12/19/2024
PrescottAZ

PrescottAZ #1065357

Removed
$500,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Midfirst Bank

Loan start date

November 2023

Original loan amount

$230,000

Est. remaining balance

Not provided

Interest rate

6.54%

Loan type

Future Advance Clause / Open End Mortgage, 10 year

Seller

Michael Frost and Veronica L Frost

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Pending/Under Contract

Tomo last checked: 03/12/2025 at 4:25 AM

Listing updated: 03/11/2025 at 3:56 PM

Listed by: Kathleen A Rafters, Realty ONE Group Mt Desert Phone #: (928) 440-2522

MLS: PrescottAZ #1070626

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