Sold – Under $100K Sunday – c.1972 Fixer Upper For Sale in Arizona Ghost Town $99K

1204 E High St, Pearce, AZ 85625  $99,000 Sold

Fixer Upper For Sale

OHU50K NOTES 

This home has good bones and is priced to sell. AS IS. Needs a new roof, some interior ceiling damage has occurred, but despite my love for Greek Revivals and Second Empires, I appreciate the look of this house!

Pearce History

Per Wikipedia:

Pearce is a mining ghost town named for Cornishman James Pearce, miner and cattleman, who discovered gold nearby at what became the Commonwealth Mine in 1894. The Pearce Post Office was established on March 6, 1896. The railroad station opened in 1903. By 1919, Pearce had a population of 1,500. The town declined in the 1930s and became almost a ghost town in the late 1940s when the mine closed for the last time.

The Commonwealth Mine became one of Arizona’s major silver producers. Over 1,000,000 tons of ore were produced from 1895 to 1942. There are about 20 miles of underground workings. The mine produced about $8 million worth of silver and $2.5 million in gold at a time when silver was priced around 50 cents an ounce, and gold was $20 an ounce.

Sunsites, the development where our featured home is located, was established in the 1950s and 1960s by New York lawyer Joseph Timan and his Horizon Land Company. It shares the same zip code as old Pearce the ghost town but has a population of 1,800 residents with lovely homes surrounding a championship golf course.

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