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  • $435,000

    862 S Running Elk Rd, Payson, AZ 85541

    2beds
    1,716sqft
    Single Family Residence
    Built in 1964
    2.43 Acres Lot
    $434,600 Zestimate®
    $253/sqft
    $2,582 Estimated rent

    Home value

    $434,600

    $369,000 - $513,000

    $2,582/mo

    Zestimate® history
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    What's special

    This incredible opportunity to own a gorgeous 2.43+/- acre property with a 1716 sq. ft. cabin built in 1964 can be yours. Nestled below the majestic Mogollon Rim in the tranquil subdivision of Colcord Mountain Homesites. The log sided cabin needs some love but has new windows, doors, a new metal roof and an updated bathroom. There is a root cellar waiting to be filled with canned apples from your multiple mature apple trees. Overlooking the apple orchard, peaceful meadow and surrounding mountains in this quiet location is indescribable, you must experience it for yourself. The 2 parcels have a seasonal creek separating the properties. Complete with 2 wells on the large property the level land could accommodate an incredible garden, another house and so much more. There is also a saddle barn and stables if you want to bring your horses. Come sit on your covered deck and watch the wildlife in your front yard. The seasonal creek will flow during a wet winter and monsoon season in the seasonal creek area it is Flood Zone D - Area of possible flood.

    Zillow last checked: 8 hours ago

    Listing updated: September 22, 2025 at 02:41pm

    Listed by:

    Glori Surman,

    ERA YOUNG REALTY-PAYSON

    Source: CAAR,MLS#: 92708MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 1
    • 3/4 bathrooms: 1
    Cooling
    • Ceiling Fan(s)
    Features
    • Kitchen-Dining Combo, Vaulted Ceiling(s), Pantry, Master Main Floor
    • Flooring: Carpet, Laminate, Wood
    • Windows: Double Pane Windows
    • Has basement: No
    • Has fireplace: Yes
    • Fireplace features: Wood Burning Stove, Living Room, Two or More
    Interior area
    • Total structure area: 1,716
    • Total interior livable area: 1,716 sqft

    Property

    Parking
    • Parking features: Parking Pad
    • Has uncovered spaces: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Covered
    • Fencing: Chain Link,Partial
    • Has view: Yes
    • View description: Trees/Woods, Mountain(s), Rural
    • Body of water: Seasonal Creek
    Lot
    • Size: 2.43 Acres
    • Features: Many Trees, Tall Pines on Lot
    Details
    • Additional structures: Barn(s), Corral(s)
    • Parcel number: 30319096A
    • Zoning: GU
    • Horses can be raised: Yes

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Two Story,Cabin,Fix Up
    • Property subtype: Single Family Residence
    Materials
    • Wood Frame, Log Siding
    • Roof: Metal
    Condition
    • Year built: 1964

    Community & neighborhood

    Location
    • Region: Payson
    • Subdivision: Colcord Mountain

    HOA & financial

    HOA
    • Association name: No HOA

    Other

    Other facts
    • Listing terms: Cash,Conventional
    • Road surface type: Gravel

    Price history

    DateEventPrice
    9/19/2025Sold$435,000-20.9%$253/sqft
    Source: CAAR #92708
    8/19/2025Pending sale$550,000$321/sqft
    Source: CAAR #92708
    8/8/2025Listed for sale$550,000$321/sqft
    Source: CAAR #92708

    Public tax history

    YearProperty taxesTax assessment
    2025$2,748 +4.8%$25,335 +19.6%
    2024$2,623 +2.9%$21,176
    2023$2,550 -7.5%--

    Find assessor info on the county website

    Neighborhood: 85541

    Nearby schools

    GreatSchools rating
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