This home's estimate is 25% higher than the average sale price ($610K) of 6 comparable homes.
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502 W Locust Rd, Payson, AZ 85541
About this home
Stellar custom built Iverson home near Rumsey Park. This beautiful 5BDRM3BA/4CG stucco home has 3328sf of living space. Main level offers spacious living area with fireplace, built in cabinets & shelving and vaulted ceiling. Kitchen has oak cabinets, electric range, refrigerator and dishwasher with dining area. Utility room off the garage has a sink and washer & dryer. Master bedroom can easily hold a king bed and has laminate flooring with walk-in closet and full bathroom. Additional two bedrooms and guest bathroom on main level. Downstairs is a massivie family room with gas fireplace and built-ins. Sliding glass door to the back yard. Two more bedrooms downstairs with a full bathroom. There is also a storage room and a workshop in the finished basement! Property is just shy of one acre and is fenced. Established garden and nice sheds. Large covered back porch overlooks the natural vegetation and tall pines. Private well is also on the property and home is connected to city water. Home has solar energy and panels that will be paid off by the Seller at closing. New roof in 2023 and No HOA! Plenty of extra room for parking and one of that garage stalls is for tandem parking, for a total of four parking spaces. Home is close to town and the library. Must see to appreciate.
Redfin Estimate
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Market trends in 85541, AZ
Last updated July 2026
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Sale history for 502 W Locust Rd
$1/sq ft
$1/sq ft
$1/sq ft
$1/sq ft
$1/sq ft
$221/sq ft
$221/sq ft
$254/sq ft
$269/sq ft
$278/sq ft
$254/sq ft
$269/sq ft
$32/sq ft
$28/sq ft
Tax history for 502 W Locust Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking/Garage Information
- Has Garage
- Has Attached Garage
- # of Garage Spaces: 4
- Parking Features: Garage Door Opener, RV Access/Parking, Attached, Oversized, Tandem
Interior
- Bathroom Information
- # of Full Bathrooms: 3
- Heating & Cooling
- Has Cooling
- Has Heating
- Heating: Forced Air, Propane
- Interior Features
- Interior Features: Vaulted Ceiling(s), Master Downstairs
- Window Features: Double Pane Windows
- Appliances: Dishwasher, Refrigerator, Electric Range, Microwave, Disposal, Washer, Dryer
- Flooring: Concrete, Laminate
- Has Fireplace
- # of Fireplaces: 2
- Fireplace Features: Wood Burning Stove, Living Room, Gas, Family Room
- Room Information
- Has Basement
- Basement Details: Finished, Walk-Out Access
Exterior
- Exterior Features
- Patio And Porch Features: Porch
- Fencing: Chain Link, Wood
- Building Information
- Sq. Ft.: 3328.0
- # of Stories Total: 2
- Builder Name: Iverson Builders
- Construction Materials: Stucco, Frame
- Property Features
- Security Features: Smoke Detector(s)
- Green Energy Generation: Solar
- Horses Allowed
- Other Structures: Workshop
- Property Information
- Property Type: Residential
- Property Sub Type: Single Family Residence
- Raw Mls Property Sub Type: Site Built
- Lot Information
- Lot Features: Many Trees, Cul-De-Sac
- Lot Size : 0.9
- Lot Size Dimensions: 168.57 x 233.41 x 168.57 x 233.41
- Lot Size Area: 0.9
- Lot Size Units: Acres
- Lot Size Acres: 0.9
- Zoning: R1-10
Financial
- Tax Information
- Tax Annual Amount: $3,013.42
Utilities
- Utility Information
- Water Source: Well
- Utilities: Sewer Connected, Propane, Electricity Available, Phone Available, Underground Utilities, Cable Available
Location
- Location Information
- Directions: Hwy 87 N to W Forest. North on McLane Rd. West on Locust. Sign on
- Subdivision Name: Unsub Payson West
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: 2,292
- Stories: 1.5
- Lot Size: 0.9 acres
- Style: Single Family Residential
- Year Built: 1997
- Year Renovated: —
- County: Gila County
- APN: 30240173D
Around this home
Schools
Public K-2 • Assigned • 0.9mi
Public 6-8 • Assigned • 1.0mi
Public 9-12 • Assigned • 1.1mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
50% chance of being in a wildfire in next 30 years
7 days above 96° expected this year, 18 days in 30 years
Minimal risk of severe winds over next 30 years
0 unhealthy days expected this year, 0 days in 30 years
Sun exposure
In this area, properties receive around 12.8 hours in June and 7.3 hours in December, placing it above the U.S. average for solar exposure.
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Nearby similar homes
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Home values near 502 W Locust Rd
| Address | Redfin Estimate |
|---|---|
5 Beds | 3 Baths | 2740 Sq. Ft. | $572,109 |
3 Beds | 3 Baths | 2300 Sq. Ft. | $588,381 |
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | 1232 Sq. Ft. | $331,139 |
- Beds | - Baths | 2236 Sq. Ft. | $522,545 |
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | 1568 Sq. Ft. | $291,348 |
2 Beds | 3 Baths | 1888 Sq. Ft. | $672,618 |
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