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Pending
    • Price cut: $10.9K (2/27)
    $348,000

    518 N Colcord Rd, Payson, AZ 85541

    3beds
    1,480sqft
    : 
    Single Family Residence
    Built in 1970
    0.27 Acres Lot
    $348,000 Zestimate®
    $235/sqft
    $-- HOA

    What's special

    Large fenced yardAbundant parking
    Versatile Payson Property with Studio with potential to be used many ways, NO HOA & .27 Acre Lot. Rare opportunity to own a flexible property featuring a 2 bedroom, 1 bath main home (1,080 sq ft) plus a 400 sq ft studio space currently setup for extra living, has a full bath and kitchen area -- possible rental income, home office, or small business use. Main home was updated in the 80's. The main residence offers comfortable living space with room for a dedicated office or bonus area, making it ideal for remote work or hobby space. The detached studio provides excellent privacy and income potential with its own kitchen and full bathroom, offering a buyer options. Situated on a .27 acre, 100% flat and usable lot, this property features a large fenced yard, abundant parking, and low-maintenance zero-scaped landscaping that is beautifully manicured and easy to care for. Located with convenient access to parks, grocery stores, restaurants, and local amenities, this property combines flexibility, functionality, and investment potential -- all with NO HOA restrictions.
    29 days
    |
    4,503
    |
    139
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 02, 2026 at 07:33pm

    Listed by:

    Don 'Junior' Queen 928-592-3771,

    Real Broker

    Source: CAAR,MLS#: 93450MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Potential Bedroom, Study/Office/Den, Hobby Room, In Law Quarters
      Heating
      • Electric, Propane
      Cooling
      • Evaporative Cooling, Ceiling Fan(s)
      Appliances
      • Included: Dryer, Washer
      • Laundry: Other, Laundry Room
      Features
      • Breakfast Bar, Master Main Floor
      • Flooring: Carpet, Wood, Linoleum
      • Windows: Double Pane Windows
      • Has basement: No
      • Has fireplace: Yes
      • Fireplace features: Living Room, Gas, Wood Burning Stove
      Interior area
      • Total structure area: 1,480
      • Total interior livable area: 1,480 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Carport, No Garage, RV Gated
      • Carport spaces: 1
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered, Patio
      • Fencing: Chain Link
      Lot
      • Size: 0.27 Acres
      • Dimensions: 70 x 55.44 x 70 x 55.44
      • Features: Landscaped
      Details
      • Additional structures: Workshop, Guest House
      • Parcel number: 30264139
      • Zoning: RES

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Two Story,Cottage
      • Property subtype: Single Family Residence
      Materials
      • Wood Frame, Wood Siding
      • Roof: Asphalt,Metal
      Condition
      • Year built: 1970

      Utilities & green energy

      • Water: In Payson City Limits

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Payson North U1
      HOA
      • HOA name: None
      Location
      • Region: Payson

      Financial & listing details

      • Price per square foot: $235/sqft
      • Tax assessed value: $219,323
      • Annual tax amount: $1,443
      • Date on market: 2/18/2026
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Road surface type: Asphalt
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        Estimated market value

        $348,000

        $331,000 - $365,000

        $2,265/mo

        Price history

        Price history
        DateEventPrice
        3/3/2026Pending sale$348,000$235/sqft
        Source: CAAR #93450 Report a problem
        2/27/2026Price change$348,000-3%$235/sqft
        Source: CAAR #93450 Report a problem
        2/18/2026Listed for sale$358,900+372.2%$243/sqft
        Source: CAAR #93450 Report a problem
        10/30/2000Sold$76,000-38.7%$51/sqft
        Source: Agent Provided Report a problem
        3/15/1999Sold$124,000$84/sqft
        Source: Agent Provided Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$1,389 +3.6%$21,932 +2.6%
        2024$1,341 +3.4%$21,373
        2023$1,296 +6.3%--
        2022$1,219 +32.8%--
        2021$918 +0.1%--
        2019$918 +2.4%--
        2018$896 -1.9%--
        2017$913 --
        2016$913 +3.1%--
        2015$886 --
        2014-- --
        2013-- $8,726 -3.4%
        2012-- $9,035 -10.3%
        2011-- $10,069 -11.8%
        2010-- $11,414
        2009-- --
        2008$883 --
        2007-- --
        2006$867 --
        2005-- --
        2004-- --
        2003-- --
        2002-- --

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $1,869/mo
        Principal & interest
        $1712
        Property taxes
        $157
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          Climate risks

          Neighborhood: 85541

          Getting around

          46 / 100
          Car-Dependent
          35 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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