Real Estate Agent David Elton

David Elton REALTOR®

(480) 226-3711
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100 Hill Street, Jerome, AZ 86331

$1,750,000
  • 100 Hill Street, Jerome, AZ 86331 Main Photo

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Under Contract-Backups
BEDS6 BATHS7 SQUARE FEET3,650 MLS#7009196
STATUSUnder Contract-Backups PROPERTY TYPEResidential - Single Family SUBDIVISIONMetes and bounds plus lot and block SCHOOLMingus Union High School District

Property Description

INCREDIBLE OPPORTUNITY FOR A SPECIAL INVESTOR! The Surgeons House, the Grande Dame of Jerome, now available with Seller Carry at a jaw-dropping discount price because theres a twist. Seller insists on financing with 10% down at zero interest. Ill tell you why later, but first Im going to tell you about this stunning home and guest home and grounds. Currently, for decades past and for decades to come thriving as the world famous Surgeons House Bed and Breakfast of Jerome. Google The Surgeons House, Jerome AZ and go to Whats the Haps and see A Change in Stewardship. Click on MORE, please. 6 Suites each with its own bath, which makes it 6 Master Suites, plus a half bath in the common area. Magical lush grounds, custom gates, trees and flowers and koi for good luck. Obviously we cant include the gardener/maintenance man thats been there for 10 years, and Josh has expressed that he would like to stay on. Look at the pictures and then come back here, where Ill explain the twist.The twist: attached in documents is a Memorandum Of Understanding, which basically agrees that you buy The Surgeons House with all of the furnishings except for the Sellers personal family possessions and her clothes and jewelry and car. You get it all - including the Registered business name, the website, the client/customer list, the recipes, the fabulous furniture, Sellers decades of the propertys chronicle and diary, the forks and spoons, a reasonable training period, everything. The twist is that the Seller stays after close of escrow under a Life Tenancy agreement until she leaves in one way or another. Heres what it will look like: After close of escrow you own the property - title is in your name and you can pat yourself on the back for the amazing discount that you negotiated. You will pay Andrea $10,750 every month until youve paid it off. (There is no interest, so with all payments being totally principal youre going to chip away at what you owe her pretty quickly.) During this time you are not involved with the Bed and Breakfast or the property or the income from the property - you are completely hands off. We will negotiate the right for you to come stay to inspect your investment, a designated number of times a year. When Andrea is done she notifies you, you pay her the balance of the note within an agreed-upon reasonable amount of time and this Jerome icon is all yours.Congratulations!

100 Hill Street | MLS# 7009196

This single family home located at 100 Hill Street, Jerome, AZ 86331 is currently listed for sale with an asking price of $1,750,000. This property was built in 1916 and has 6 bedrooms with 3650 sq. ft. Hill Street is located in the Metes and bounds plus lot and block subdivision within the Mingus Union High School District school district. Search Metes And Bounds Plus Lot And Block real estate on delton.arizonabest.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Ceiling Fan(s), Central Air, Evaporative Cooling, Win
Fenced: Yes
Garage: 1 car attached
Heating: Natural Gas, Forced Air
Home Style: Spanish, See Remarks
Lot Size: 0.41 Acres
Roof Type: Tile, Rolled/Hot Mop
Stories: 2.0
Taxes: $2,704
Year Built: 1916

Feature Descriptions

Assoc. Fee Includes: No Fees
Community Features: Historic District, Biking/Walking Path
Days on Site: 102
Exterior: Other, Painted, Stucco
Exterior: Balcony, Storage, Private Street(s), Private Yard, Other, Rain Gutters
Flooring: Tile, Wood, Concrete
Furnished: Yes
Interior: Full Bth Master Bdrm, Eat-in Kitchen, Breakfast Bar, Pantry, Kitchen Island, Upstairs, Master Downstairs, 9+ Flat Ceilings, Furnished(See Rmrks), Other, See Remarks
Laundry: Inside
Parking: Attchd Gar Cabinets, Separate Strge Area, Detached Garage, Off Street
Property Sub Type: Single Family Residence
Special View Info: City Lights, Mountain(s), City, Panoramic, Red Rocks/B
Water: Public

Local Schools

Middle School: Clarkdale-Jerome Elementary School
Elementary School: Clarkdale-Jerome Elementary School
School District: Mingus Union High School District

Listed By / Shown By

Listed By

Agency Name: Realty ONE Group Mountain Desert
Agency Phone: 928-862-4035

Shown By

Agent Name: David Elton
Agent Phone: (480) 226-3711
Agency Title: Arizona Best Real Estate

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Estimated Payment

$ 4,630.49 per month $3,894.74 Principal & Interest $225.33 Property Tax $510.42 Homeowner's Insurance

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