11 days on rocket

500 Copper Basin Rd, Prescott, AZ, 86303

$1,649,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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500 Copper Basin Rd, Prescott$1,649,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Year Built1962
HeatingNatural Gas
CoolingCeiling Fan(s)
MLS #1068257
Lot Size0.45 Acres
StatusActive

About 500 Copper Basin Rd

Situated amidst the vibrant shops and dining establishments along Highway 89 and in Downtown Prescott, this delightful rental property is ideally positioned just a few blocks from the Prescott Courthouse. Previously known as the Pine View Motel, the new ownership has undertaken significant renovations, transforming it into a profitable venture. Spanning a total of 4,686 square feet, this accommodation features 15 units, comprising 2 suites and 13 studio rooms. These rooms are available for rental periods of 6 or 12 months and currently have a waiting list, resulting in little to no vacancies at the property. Additional revenue is generated from the laundry facilities and late payment fees. The current NOI for this property stands at $138,889.73 representing a 8.42 CAP Rate.

Property Details

Property Features

Property Information:

  • Year Built: 1962
  • Stories: 2

Listing Office:

  • Office Name: Prescott Commercial Real Estate
  • Office Phone: (928) 515-1223

Interior Features

Interior Information:

  • Appliances: Electric Water Heater
  • Flooring Type: Laminate, Tile

Lot Features

Lot Information:

  • Lot Size: 0.45 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Ceiling Fan(s)

Other

Directions Information:

  • Directions: Corner northeast corner of White Spar and Copper Basin, right after Safeway.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,649,000

Tax Information:

  • Annual Amount: $4,194
  • Tax Year: 2022
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Housing Market Comparison

See how this home compares to others in Prescott, AZ.

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Prescott, AZ

City

Med. Sold Price

$638.9K

Med. Price/SqFt

$321

Avg. Days On Market

102

# of Sold Homes

37

500 Copper Basin Rd vs Prescott

11 DAYS ON ROCKET

-91 Days

$1,649,000

+$1.0M More

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price in Prescott, AZ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: PrescottAZ
  • MLS Number: #1068257

Listing Office:

  • Office Name: Prescott Commercial Real Estate
  • Office Phone: (928) 515-1223

The data relating to real estate for sale on this web site comes in part from the IDX Program of the Prescott Area Association Of Realtors, Inc. Listings on this page identified as belonging to another listing firm are based upon data obtained from the PAAR MLS, which data is copyrighted by the Prescott Area Association of REALTORS® but is not warranted. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2024 Prescott Area Association Of Realtors, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 9:16:11 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 31, 2018Home Sold
$650,000
Nov 28, 2001Home Sold
$250,000

Tax History

YEARPROP. TAXASSESSMENT
2022$4,194$69,808
2021$4,147$67,341
2020$4,000$64,769
2019$4,001$69,992
2018$3,816$64,772
2017$3,840$54,570

History based on county public records data.

Payment Calculator

$8,298

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,010

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4470349
5
/10

  • Lincoln Elementary School

  • 201 Park Ave

  • 0.72 miles

  • Public District Grades KG-4

school-card-donut-4470350
5
/10

  • Taylor Hicks Elementary School

  • 1845 Campbell Ave

  • 2.93 miles

  • Public District Grades KG-4

school-card-donut-4470351
8
/10

  • Abia Judd Elementary School

  • 1749 N Williamson Valley Rd

  • 3.12 miles

  • Public District Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,448. The majority of Prescott, AZ residents have income less than $35k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Arizona›Yavapai County›Prescott›86303›500 Copper Basin Rd

This home is located at 500 Copper Basin Rd in Prescott, AZ and zip code 86303. This home, which was built in 1962, sits on a 0.45 acre lot. It has been listed on Rocket Homes since December 06, 2024 and is currently priced at $1,649,000.

In November 2024 more than 2 listings in Prescott, AZ were sold above the asking price. During the same period more than 11 listings were sold at asking price, while more than 24 were sold below. In November 2024 in Prescott, AZ there were 2.6% less homes for sale than in October 2024. The median list price of listings available in November 2024 was $638,974, while the average time on the real estate market was 102 days.

From Rocket Homes Real Estate and based on county public records data.

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