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.
Closed
$435,000
862 S Running Elk Rd, Payson, AZ 85541
2beds
1,716sqft
Single Family Residence
Built in 1964
2.43 Acres Lot
$524,500 Zestimate®
$253/sqft
$2,515 Estimated rent
Home value
$524,500
$483,000 - $566,000
$2,515/mo
Zestimate® history
Owner options
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$2,586/mo
Est. payment
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$2,586/mo
Est. payment
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List your homeWhat's special
Root cellarSaddle barn and stablesSeasonal creekUpdated bathroomNew windowsIncredible gardenOverlooking the apple orchard
Zillow last checked:
Listing updated:
Listed by:
Glori Surman,
ERA YOUNG REALTY-PAYSON
Source: CAAR,MLS#: 92708
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Heating
- Has Heating (Unspecified Type)
Cooling
- Ceiling Fan(s)
Features
- Vaulted Ceiling(s), Kitchen-Dining Combo, Pantry
- 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
- Fencing: Chain Link,Partial
- Has view: Yes
- View description: Rural, Trees/Woods, Mountain(s)
- Body of water: Seasonal Creek
Lot
- Size: 2.43 Acres
- Features: Many Trees, Tall Pines on Lot
Details
- Parcel number: 30319096A
- Zoning: GU
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin
- Property subtype: Single Family Residence
Materials
- Wood Frame, Log Siding
- Roof: Metal
Condition
- Fixer
- New construction: No
- Year built: 1964
Community & HOA
Community
- Subdivision: Colcord Mountain
Location
- Region: Payson
Financial & listing details
- Price per square foot: $253/sqft
- Tax assessed value: $387,714
- Annual tax amount: $3,922
- Date on market: 8/8/2025
- Listing terms: Cash,Conventional
- Road surface type: Gravel
Price history
| Date | Event | Price |
|---|---|---|
| 9/19/2025 | Sold | $435,000-20.9%$253/sqft |
Source:  CAAR #92708 Report a problem | ||
| 8/19/2025 | Pending sale | $550,000$321/sqft |
Source: CAAR #92708 Report a problem | ||
| 8/8/2025 | Listed for sale | $550,000$321/sqft |
Source: CAAR #92708 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $4,378 +6.9% | $38,771 -14.5% |
| 2025 | $4,096 +4.8% | $45,353 +24% |
| 2024 | $3,909 +8% | $36,577 |
| 2023 | $3,619 -3.5% | -- |
| 2022 | $3,752 +4.9% | -- |
| 2021 | $3,578 +9.2% | -- |
| 2019 | $3,275 +3.7% | -- |
| 2018 | $3,158 +2.4% | -- |
| 2017 | $3,084 | -- |
| 2016 | $3,084 -9.2% | -- |
| 2015 | $3,397 | -- |
| 2014 | -- | -- |
| 2013 | -- | $21,726 -17.2% |
| 2012 | -- | $26,242 +1.1% |
| 2011 | -- | $25,944 -10.9% |
| 2010 | -- | $29,113 |
| 2009 | -- | -- |
| 2008 | $2,432 | -- |
| 2007 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
Find assessor info on the county website
Neighborhood: 85541
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Nearby schools
GreatSchools rating
- 6/10Young Elementary SchoolGrades: PK-8Distance: 11.8 mi
- NAYoung High SchoolGrades: 9-12Distance: 11.8 mi
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- Arizona
- Gila County
- Payson
- 85541
- 862 S Running Elk Rd
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