Versatile Payson Property with Guest Studio, 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 setup for extra living, has a full bath and kitchen area -- possible rental income, multigenerational living, home office, or small business use. Main home was updated in the early 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 (ADU-style setup) provides excellent privacy and income potential with its own kitchen and full bathroom. 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.
Est. $1,819 per month, based on comparable rentals
Sale and tax history for 518 N Colcord Rd
Sale History
Tax History
Date
Event
Price
CAAR #93450
Apr 8, 2026
Sold
$348,000
$230/sq ft
Mar 2, 2026
Pending
—
Feb 27, 2026
Price Changed
$348,000
$230/sq ft
Feb 17, 2026
Listed
$358,900
$237/sq ft
+37
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.
ARMLS #6986430
Mar 12, 2026
Sold
$348,000
$230/sq ft
Mar 4, 2026
Pending
—
Feb 17, 2026
Listed
$358,900
$237/sq ft
Public Records
Oct 30, 2000
Sold
$76,000
$50/sq ft
Public Records
Mar 14, 1994
Sold
$45,000
$30/sq ft
Public Records
Oct 8, 1991
Sold
$45,000
$30/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,444 (+0.8%)
$6,506 + $15,426
$21,932
2024
$1,432 (+6.8%)
$5,323 + $16,050
$21,373
2023
$1,341 (+3.4%)
$5,154 + $13,482
$18,636
2022
$1,296 (+6.3%)
$5,154 + $8,910
$14,064
2021
$1,219 (+32.8%)
$5,154 + $8,910
$14,064
2020
$918 (−1.7%)
$5,154 + $8,910
$14,064
2019
$934 (+1.8%)
$5,154 + $8,910
$14,064
2018
$918 (+2.4%)
$5,154 + $8,910
$14,064
2017
$896 (−1.8%)
$5,154 + $7,739
$12,893
2016
$913 (+3.0%)
$5,523 + $2,822
$8,345
2014
$886
$5,523 + $6,214
$11,737
Public record
Beds
—
Baths
1
Stories
1.5
Lot width
—
Lot depth
—
Lot size
0.27 Acres
Year renovated
—
Sq. Ft.
1,080
Year built
1970
Style
Single Family Residential
County
Gila County
APN
30264139
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 30, 2026.
Property details
Parking
Parking Information
Covered Spaces: 2
Garage Information
Carport Spaces: 2
Interior
Bathroom Information
Bathrooms Full: 2
Bathrooms (Total Integer): 2
Bedroom Information
Bedrooms (Possible): 4
Heating & Cooling
Has Heating
Cooling: Ceiling Fan(s), Evaporative Cooling
Has Cooling
Heating: Electric, Propane
Interior Features
Appliances: Refrigerator, Dishwasher
Interior Features: Master Downstairs, Eat-in Kitchen, Full Bth Master Bdrm
Fireplace Features: Living Room
Has Fireplace
Flooring: Carpet, Linoleum
Exterior
Exterior Features
Construction Materials: Wood Siding, Wood Frame
Other Structures: Shed(s)
Exterior Features: Storage
Fencing: Chain Link
Roof: Composition, Metal
Property Information
Ownership: Fee Simple
Property Sub Type: Single Family Residence
Lot Information
Lot Size Area: 11,647
Lot Size Source: Assessor
Lot Features: Dirt Front
Building Information
Building Area Source: Assessor
Financial
Tax Information
Tax Annual Amount: $1,389
Tax Year: 2025
Utilities
Utilities
Propane
Location
HOA Information
Association Fee Includes: No Fees
School Information
Middle Or Junior School: Rim Country Middle School
High School: Payson High School
High School District: Payson Unified District
Elementary School: Julia Randall Elementary School
Elementary School District: Payson Unified District
Location Information
Directions: Hwy 87 North in Payson, West on Forest Drive, Left on Colcord Road, Right on Colcord Road, home on right with sign.
Utility Information
Sewer: Public Sewer
Public facts
Beds: —
Baths: 1.0
Sq. Ft.: 1,080
Stories: 1.5
Lot Size: 0.27 acres
Style: Single Family Residential
Year Built: 1970
Year Renovated: —
County: Gila County
APN: 30264139
Home facts updated by county records on Jul 30, 2026
Other
Listing Information
Water Source: City Water
Around this home
Schools
Payson Elementary School
Public K-2 • Assigned • 1.1mi
Payson Center for Success - Online
Public 7-12 • Assigned • 1.4mi
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
9/10 Fire Factor
48% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 96° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Payson, AZ • 85541
Average low and high temperatures (°F)
55
30
64
36
70
41
71
42
80
50
92
60
92
64
92
66
86
59
78
50
63
38
62
35
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
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.
12.8 hrs
7.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$406,000 – $491,000
Sell confidently with a local market expert in Payson.