SOLD MAR 12, 2026

Off market mar 2026 for $348K

$422,408

Est. refi paymentEst. refi $2,385/mo

•

1,512

sq ft

518 N Colcord Rd, Payson, AZ 85541

About this home

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.

Single-familyProperty Type

1970Year Built

0.27 acresLot Size

$279Est. Price/Sq.Ft.

2 spacesParking

Listed by Junior Queen • Real Broker

Bought with Junior Queen • Real Broker

Redfin checked: 3 minutes ago

•Source:ARMLS #6986430

Redfin Estimate

$422,408

$74K since sold in March 2026$0 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 12.9% higher than the average sale price ($374K) of 6 comparable homes.

SOLD SEP 17, 2026
$408,000
A
3 beds2 baths1,456 sq ft
517 E Timber Dr, Payson, AZ 85541
SOLD JUN 16, 2026
$412,400
B
3 beds2 baths1,547 sq ft
511 N Hemlock Cir, Payson, AZ 85541
SOLD MAR 11, 2026
$295,000
C
3 beds2 baths1,312 sq ft
811 N Holly Cir, Payson, AZ 85541
SOLD SEP 18, 2026
$425,000
D
3 beds2 baths1,466 sq ft
502 N Prospector Cir, Payson, AZ 85541
SOLD JUL 15, 2026
$365,000
E
3 beds2 baths1,344 sq ft
507 E Timber Dr, Payson, AZ 85541
SOLD SEP 1, 2026
$340,000
F
3 beds3 baths1,656 sq ft
505 N William Tell Cir, Payson, AZ 85541

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Earn from this home

Refinance

Est. cash available

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Rent

$1,764/mo

Redfin rental estimate

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Market trends in 85541, AZ

Last updated September 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

96.5%

0.5% MoM

Median sale price

$485K

$8K MoM

Avg. days on market

52d

7 days MoM

Recently sold homes

125

23 MoM

New listings for sale

NEW 5 HRS AGO
$499,900
3 beds2 baths1,578 sq ft
805 W Oso Dorado Cir, Payson, AZ 85541
NEW 22 HRS AGO
$455,000
3 beds2 baths1,591 sq ft
1302 W Lake Dr, Payson, AZ 85541
$240,000
3 beds2 baths1,520 sq ft
905 N William Tell Cir, Payson, AZ 85541
$458,000
3 beds2 baths1,560 sq ft
314 N Stagecoach Pass, Payson, AZ 85541
$499,000
3 beds1 bath3,126 sq ft
204 W Frontier St, Payson, AZ 85541
$149,900
2 beds1 bath1,008 sq ft
389 N Nellie Dr, Payson, AZ 85541
$425,000
4 beds2 baths2,280 sq ft
705 W Sherwood Dr, Payson, AZ 85541
$324,900
3 beds2 baths1,056 sq ft
308 E Ridge Ln, Payson, AZ 85541
FOR SALE BY OWNER
$598,000
2 beds2 baths864 sq ft
443 W Columbine Rd, Payson, AZ 85541
$259,000
2 beds1 bath700 sq ft
708 N Manzanita Dr, Payson, AZ 85541
See all

Provided by Redfin

Sale history for 518 N Colcord Rd

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

Tax history for 518 N Colcord Rd

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

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

—

Baths

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

Rim Country Middle School

Public 6-8 • Assigned • 0.7mi

5/10

Payson High School

Public 9-12 • Assigned • 0.8mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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)

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

$402,000 – $486,000

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New listings for sale in 85541

NEW 5 HRS AGO

$499,900

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805 W Oso Dorado Cir, Payson, AZ 85541

NEW 22 HRS AGO

$455,000

3 beds2 baths1,591 sq ft

1302 W Lake Dr, Payson, AZ 85541

$240,000

3 beds2 baths1,520 sq ft

905 N William Tell Cir, Payson, AZ 85541

$458,000

3 beds2 baths1,560 sq ft

314 N Stagecoach Pass, Payson, AZ 85541

$499,000

3 beds1 bath3,126 sq ft

204 W Frontier St, Payson, AZ 85541

$149,900

2 beds1 bath1,008 sq ft

389 N Nellie Dr, Payson, AZ 85541

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FOR SALE BY OWNER

$598,000

2 beds2 baths864 sq ft

443 W Columbine Rd, Payson, AZ 85541

Home values near 518 N Colcord Rd

Data from public records.

Address	Redfin Estimate
606 North Colcord Road, Payson, AZ 3 Beds \| 1.5 Baths \| 1140 Sq. Ft.	$329,691
516 North Colcord Road, Payson, AZ - Beds \| 2 Baths \| 1738 Sq. Ft.	$405,241

Address	Redfin Estimate
608 North Colcord Road, Payson, AZ 3 Beds \| 2 Baths \| 1568 Sq. Ft.	$362,148
602 North Colcord Road, Payson, AZ 3 Beds \| 2 Baths \| 1440 Sq. Ft.	$341,841

Address	Redfin Estimate
508 North Colcord Road, Payson, AZ 2 Beds \| 1 Baths \| 1609 Sq. Ft.	$346,156
510 North Colcord Road, Payson, AZ 3 Beds \| 2 Baths \| 1553 Sq. Ft.	$326,386

Property information provided by ARMLS when last listed in 2026. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 85541, AZ

Sale history for 518 N Colcord Rd

Tax history for 518 N Colcord Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 85541

Home values near 518 N Colcord Rd

More real estate resources