100 Hill Street, Jerome, AZ 86331

$1,750,000
: 6
BD
: 7
BA
: 3,650
SqFt

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List Price: $1,750,000
Status: ACTIVE UNDER CONTRACT
Days on Market: 164
MLS#: 7009196
Subtype: Residential
Style: Spanish, See Remarks
Year Built: 1916
Bedrooms: 6
Bathrooms: 7
Full Baths: 6
Half Baths: 1
Living Area: 3,650
Lot Size: 17,860
Acres: 0.41
Subdivision: Metes And Bounds Plus Lot And Block.

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Property Description

INCREDIBLE OPPORTUNITY FOR A SPECIAL INVESTOR! The Surgeon's House, the Grande Dame of Jerome, now available with Seller Carry at a jaw-dropping discount price because there's a twist. Seller insists on financing with 15% down at zero interest. I'll tell you why later, but first I'm 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 Surgeon's House Bed and Breakfast of Jerome. Google ''The Surgeon's House, Jerome AZ'' and go to ''What's 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 can't include the gardener/maintenance man that's 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 I'll explain the twist. The twist: attached in "documents" is a Memorandum Of Understanding, which basically agrees that you buy The Surgeon's House with most of the furnishings except for the Seller's personal and family possessions and her clothes and jewelry and car and some of the art - a complete list of exclusions will be forthcoming. You get the Registered business name, the website, the client/customer list, the recipes, the fabulous furniture, Seller's decades of the property's chronicle and diary, 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. Here's 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 you've paid it off. (There is no interest, so with all payments being totally principal you're 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 or her Trustee 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!

541.292.4444

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Additional Information

Interior Features: Full Bth Master Bdrm, Eat-in Kitchen, Breakfast Bar, Pantry, Kitchen Island, Upstairs, Master Downstairs, 9+ Flat Ceilings, Furnished(See Rmrks), Other, See Remarks
Exterior Features: Balcony, Storage, Private Street(s), Private Yard, Other, Rain Gutters
Taxes: $2,704
Property Description: Spanish, See Remarks
Flooring: Tile, Wood, Concrete
Appliances: Refrigerator, Gas Oven, Gas Range, Washer, Dryer
Heating: Natural Gas, Forced Air
Air Conditioning: Ceiling Fan(s), Central Air, Evaporative Cooling, Window/Wall Unit
Exterior Construction: Other, Painted, Stucco
Stories: 2
Parking Features: Attch'd Gar Cabinets, Separate Strge Area, Detached Garage, Off Street
Garage Spaces: 1
Elementary School: Clarkdale-Jerome Elementary School
Middle School: Clarkdale-Jerome Elementary School
High School: Mingus Union High School
View: City Lights, Mountain(s), City, Panoramic, Red Rocks/Boulders