Ghost Town Victorian
(click on image to enlarge)
Sun-drenched opportunity in a limited market
Statistics
- $347,900 listing price http://645verdeave.blogspot...
- $372,500 value
Description
Restored Victorian with dramatic views in ghost town turned artist community. This lovely home is located in Jerome, AZ, a thriving artist community and National Historic Landmark. Red rock views, cobblestone streets, live music, walk to galleries and restaurants. 4 bedrooms, 1.5 baths, 2600 square feet. Currently, this home is being offered at $347,900. It’s a great deal in Jerome’s limited market. This recent reduction benefits the buyer, translating into instant equity. The home has been restored and is ready for its new owner. For sale by owner who is relocating out-of-state for graduate school. (928) 649-7434.
Comments
suzushiikaze writes: (August 29, 2007)
347,900 that quit high for a ghost town isn’t it? it looks great how’s the community?
bodie writes: (August 30, 2007)
Hi Suzushiikaze,
Property values in “ghost towns” usually go up when the town turns into an artist community and national tourist destination. ;) There’s a lively mix of people from all walks of life in Jerome. Like many small communities, it is tight knit. It is also a tight real estate market because there’s limited housing available. That’s one reason home values in Jerome continue to rise. I’ve heard many residents say that there’s no need to go on vacation elsewhere because they’re already on vacation here. The views are dramatic, the climate is mild, the pace is slower, and there is little or no crime. There’s plenty of activity uptown but the residential areas offer a break from the liveliness on Main Street. Because of its uniqueness and status as a National Historic Landmark, Jerome is a popular tourist destination.
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