Historic Prescott is HOT! We’ve been knocked off our feet by the prices that these properties started pulling by about June of 2020.
A home that our team sold recently commanded over $600 per square foot! Check it out here!
And another one we sold had multiple cash offers in just a few days. You can see photos here.
So what makes a Prescott home “historic?” As a local, and a Realtor here for more than a decade, I’d say that a “historic home” by our standards in Prescott is one built before 1950 that is located in and around downtown Prescott’s older streets. Truly historic homes, however, will be those built before World War II, and you will find lots of those of various stylings off the Courthouse Square (Victorian, Colonial Revival, Queen Anne, Ranch and Craftsman mostly, with a few Mission Styles and even a few Egyptian Revival styles thrown in) .
Look on Washington St, Mount Vernon St., Pleasant St, Union St. and Alarcon for these, with perhaps a few to be found on Park Avenue and some of its surrounding streets as well.
It’s fun to walk Prescott’s downtown streets and pass by the homes, taking time to read those that are on the National Register of Historic Places, if you can get close enough.
Why are these historic homes so desirable? These homes are gaining value as vacation rentals, since they are so close to the downtown area, and of course, older homes are popular among folks who have always dreamed of living in an historic home on an idyllic street in a mid-size town like Prescott. The historic district is in walking distance to grocery stores, the post office, the library, city buildings and the court house square with its shopping and restaurants — and it isn’t too far from the Prescott National Forest So the location is truly ideal.
What problems arise with old homes in Prescott? Old homes can come with problems that can cost tens of thousands of dollars to remedy. Typically, we see uneven floors, faulty foundations and settling cracks, as well as antiquated electrical, tiny kitchens, bad siding and old roofs. It’s also not uncommon to encounter encroachment issues left over from decades past. Homes that have been brought up to current codes and remodeled, of course, fetch a premium on the market, but any home that has not been modernized should undergo a thorough investigation prior to purchase. Be prepared to buy AS-IS, though, since many sellers are not willing to put in the work to bring an old house up to modern codes if they haven’t already.
Enjoy looking at these properties, and call us if you are considering buying in Downtown Prescott or if you need to Sell! We are local experts, working for you!
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