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Sold for $240,000
  • $240,000

    431 S Cortez St, Prescott, AZ 86303

    2beds
    827sqft
    Single Family Residence
    Built in 1932
    7,840 Square Feet Lot
    $239,900 Zestimate®
    $290/sqft
    $1,982 Estimated rent

    Home value

    $239,900

    $228,000 - $252,000

    $1,982/mo

    Zestimate® history
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    $1,982/mo

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    $1,454/mo

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    What's special

    Generously sized lot
    Prime redevelopment opportunity for investors and builders. This single-family property sits on a generously sized lot already zoned for high-density multi-family use, offering significant upside potential. The existing structure is a teardown, making way for a new construction project that can fully capitalize on the favorable zoning and downtown Prescott location. Located in a growing area with strong short and long-term rental demand, this site is ideal for redevelopment. Utilities are in place, and the lot offers convenient front and rear access, providing easy entry in case of multiple unit development, as well as streamlining the building process. Whether you're looking to add doors to your portfolio or develop and sell, this is a rare chance to secure land downtown Prescott, only two blocks from the Courthouse Plaza and Whiskey Row. Opportunities like this are becoming increasingly scarce; bring your vision and maximize the potential.

    Zillow last checked:

    Listing updated:

    Listed by:

    Shane Parker 928-235-2133,

    HomeSmart Fine Homes and Land

    Bought with:

    NON MEMBER

    NON-MEMBER

    Source: PAAR as distributed by MLS GRID,MLS#: 1081638MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Forced - Gas, See Remarks
    Cooling
    • None, Other
    Appliances
    • Included: See Remarks
    Features
    • See Remarks
    • Flooring: See Remarks
    • Windows: See Remarks, Single Pane
    • Basement: Piers
    • Has fireplace: No
    Interior area
    • Total structure area: 827
    • Total interior livable area: 827 sqft

    Property

    Features
    • Exterior features: See Remarks
    Lot
    • Size: 7,840 Square Feet
    • Topography: Other - See Remarks
    Details
    • Parcel number: 16
    • Zoning: MF-H

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Other
    • Property subtype: Single Family Residence
    Materials
    • Frame
    • Roof: Composition,Other
    Condition
    • Year built: 1932

    Utilities & green energy

    • Sewer: City Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Other, Natural Gas Available, Individual Meter

    Community & HOA

    Community
    • Subdivision: Prescott Original Township
    HOA
    • Has HOA: No
    Location
    • Region: Prescott

    Financial & listing details

    • Price per square foot: $290/sqft
    • Tax assessed value: $287,256
    • Annual tax amount: $535
    • Date on market: 5/2/2026
    • Cumulative days on market: 107 days
    • Electric utility on property: Yes
    • Road surface type: Alley Paved, Asphalt

    Price history

    DateEventPrice
    9/25/2026Sold$240,000-12.7%$290/sqft
    Source: PAAR as distributed by MLS GRID #1081638 Report a problem
    8/18/2026Pending sale$275,000$333/sqft
    Source: PAAR as distributed by MLS GRID #1081638 Report a problem
    7/26/2026Price change$275,000-3.5%$333/sqft
    Source: PAAR as distributed by MLS GRID #1081638 Report a problem
    7/18/2026Listed for sale$285,000$345/sqft
    Source: PAAR as distributed by MLS GRID #1081638 Report a problem
    7/15/2026Contingent$285,000$345/sqft
    Source: PAAR as distributed by MLS GRID #1081638 Report a problem
    7/1/2026Price change$285,000-4%$345/sqft
    Source: PAAR as distributed by MLS GRID #1081638 Report a problem
    6/22/2026Listed for sale$296,999$359/sqft
    Source: PAAR as distributed by MLS GRID #1081638 Report a problem
    6/20/2026Contingent$296,999$359/sqft
    Source: PAAR as distributed by MLS GRID #1081638 Report a problem
    6/11/2026Price change$296,999-1%$359/sqft
    Source: PAAR as distributed by MLS GRID #1081638 Report a problem
    5/2/2026Listed for sale$299,999+353%$363/sqft
    Source: PAAR as distributed by MLS GRID #1081638 Report a problem
    9/26/2000Sold$66,225$80/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026$535 +3.1%$11,389 +5%
    2025$519 +2.2%$10,847 +5%
    2024$508 +1.4%$10,330 -66.3%
    2023$501 -6.8%$30,608 +26.8%
    2022$537 -0.4%$24,148 +7.2%
    2021$540 +0.7%$22,528 +5.8%
    2020$536 +4.7%$21,285
    2019$512 +3.8%--
    2018$494 +0.4%--
    2017$491 +3.1%--
    2016$477 +0.3%--
    2015$475 --
    2014-- --
    2013-- --
    2012-- --
    2011$585 $7,876
    2010-- --
    2009$486 -3.7%--
    2008$504 --
    2007-- --
    2006-- --
    2005-- --
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    Find assessor info on the county website

    Neighborhood: 86303

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $239,900

    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value

    $239,900