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
Days on Market
115
Status
ACTIVE UNDER CONTRACT
MLS#
7009196
City
Jerome
Bedrooms
6
Bathrooms
7
Living SQFT
3,650
Lot Size
17,860
Subdivision
Metes And Bounds Plus Lot And Block.
Year Built
1916
Type
Single Family Residence

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 10% 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 all of the furnishings except for the Seller's 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, Seller's decades of the property's 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. 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 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!

Additional Information

Elementary School
Clarkdale-Jerome Elementary School
Middle School
Clarkdale-Jerome Elementary School
Acres
0.41
Architecture
Spanish, See Remarks
Assoc Fee Includes
No Fees
Builder Name
?
Community Features
Historic District, Biking/Walking Path
Construction
Other, Painted, Stucco
Cooling
Ceiling Fan(s), Central Air, Evaporative Cooling, Window/Wall Unit
Exterior Features
Balcony, Storage, Private Street(s), Private Yard, Other, Rain Gutters
Fencing
Wrought Iron, Block, Partial, See Remarks, Back Yard
Flooring
Tile, Wood, Concrete
Garage Spaces
1
Guest House SqFt
234
Heating
Natural Gas, Forced Air
Laundry
Inside
Living Area
3,650
Lot Size
17,860
New Financing
Owner May Carry
Other Rooms
Family Room, Great Room, Library-Blt-in Bkcse, Bonus/Game Room, Arizona Room/Lanai, Guest Qtrs-Sep Entrn, Separate Workshop
Parking Features
Attch'd Gar Cabinets, Separate Strge Area, Detached Garage, Off Street
Lot Features
North/South Exposure, Nat Reg Historic Hms, Grass Front, Grass Back
Roofing
Tile, Rolled/Hot Mop
Spa
None
Stories
2
Style
Spanish, See Remarks
Subdivision
Metes And Bounds Plus Lot And Block.
Taxes
$2,704
Tax Year
2025
Water
Public

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Calculator source: Real Geeks

Listing courtesy of Realty ONE Group Mountain Desert.

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