SOLD SEP 19, 2025

Off Market Sep 2025 for $435K

$573,934

•

1,716

sq ft

862 Running Elk Rd, Payson, AZ 85541

About this home

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.

Single-familyProperty Type

1964Year Built

2.43 acresLot Size

$334Est. Price/Sq.Ft.

Listed by Glori Surman • ERA YOUNG REALTY-PAYSON

Bought with Glori Surman • ERA YOUNG REALTY-PAYSON

Redfin checked: 2 minutes ago

•Source:CAAR #92708

Redfin Estimate

$573,934

$139K since sold in September 2025$5,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 7.5% lower than the average sale price ($620K) of 6 comparable homes.

SOLD AUG 3, 2026
$1,175,000
A
2 beds2 baths1,766 sq ft
2367 Ryan Ranch Loop, Forest Lakes, AZ 85931
SOLD JUL 23, 2026
$520,000
B
2 beds2 baths1,692 sq ft
1643 Rifle Way, Forest Lakes, AZ 85931
SOLD JUN 26, 2026
$387,500
C
2 beds2 baths1,739 sq ft
301 W Ashby Apple Dr, Payson, AZ 85541
SOLD AUG 5, 2026
$280,000
D
3 beds2 baths1,736 sq ft
184 E Hilltop Dr, Young, AZ 85554
SOLD MAR 31, 2026
$670,000
E
3 beds2 baths1,468 sq ft
292 S Morris Mdws --, Payson, AZ 85541
SOLD AUG 3, 2026
$690,000
F
3 beds2 baths1,440 sq ft
2592 Tom Loop, Forest Lakes, AZ 85931

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Earn from this home

Rent

$1,942/mo

Redfin rental estimate

List your home for rent

Market trends in 85541, AZ

Last updated July 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

97.0%

0.4% MoM

Median sale price

$480K

$7K MoM

Avg. days on market

46d

7 days MoM

Recently sold homes

143

16 MoM

New listings for sale

NEW 7 HRS AGO
$1,048,000
5 beds3 baths3,505 sq ft
401 N Whitetail Dr, Payson, AZ 85541
NEW 14 HRS AGO
$815,000
3 beds2 baths1,994 sq ft
1708 E Velvet Mesquite Ct, Payson, AZ 85541
NEW 20 HRS AGO
$559,900
3 beds2.5 baths1,928 sq ft
206 N Stagecoach Pass, Payson, AZ 85541
$399,000
2 beds2 baths1,152 sq ft
1426 N Beaver Flat Cir, Payson, AZ 85541
$368,000
3 beds2 baths1,788 sq ft
8080 W Barranca Rd, Payson, AZ 85541
$425,000
2 beds1 bath1,232 sq ft
1178 W Paint Pony Dr, Payson, AZ 85541
$575,000
3 beds2 baths1,164 sq ft
1194 W Beaver Flat Rd, Payson, AZ 85541
$382,500
3 beds2 baths1,310 sq ft
602 N Blue Spruce Rd, Payson, AZ 85541
$649,900
3 beds3 baths1,856 sq ft
384 S Pumphouse Rd, Payson, AZ 85541
$299,000
3 beds1.5 baths1,294 sq ft
303 W Roundup Rd, Payson, AZ 85541
See all

Provided by Redfin

Sale history for 862 Running Elk Rd

Year

Property tax

Land + Additions

Assessment*

2025

$4,378 (+5.4%)

$3,676 + $41,677

$45,353

2024

$4,153 (+6.2%)

$3,629 + $32,949

$36,578

2023

$3,909 (+8.0%)

$4,017 + $24,042

$28,059

2022

$3,619 (−3.5%)

$4,017 + $23,591

$27,608

2021

$3,752 (+4.9%)

$4,017 + $23,591

$27,608

2020

$3,578 (+4.9%)

$4,017 + $23,591

$27,608

2019

$3,409 (+4.1%)

$4,017 + $23,591

$27,608

2018

$3,275 (+3.7%)

$4,017 + $23,591

$27,608

2017

$3,158 (+2.4%)

$4,463 + $17,926

$22,389

2016

$3,084 (−9.2%)

$7,003 + $13,926

$20,929

2014

$3,396

$6,170 + $13,936

$20,106

Tax history for 862 Running Elk Rd

Year

Property tax

Land + Additions

Assessment*

2025

$4,378 (+5.4%)

$3,676 + $41,677

$45,353

2024

$4,153 (+6.2%)

$3,629 + $32,949

$36,578

2023

$3,909 (+8.0%)

$4,017 + $24,042

$28,059

2022

$3,619 (−3.5%)

$4,017 + $23,591

$27,608

2021

$3,752 (+4.9%)

$4,017 + $23,591

$27,608

2020

$3,578 (+4.9%)

$4,017 + $23,591

$27,608

2019

$3,409 (+4.1%)

$4,017 + $23,591

$27,608

2018

$3,275 (+3.7%)

$4,017 + $23,591

$27,608

2017

$3,158 (+2.4%)

$4,463 + $17,926

$22,389

2016

$3,084 (−9.2%)

$7,003 + $13,926

$20,929

2014

$3,396

$6,170 + $13,936

$20,106

*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

Lot width

—

Lot depth

—

Lot size

0.59 Acres

Year renovated

—

Sq. Ft.

1,680

Year built

2003

Style

Single Family Residential

County

Gila County

APN

30319084A

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 30, 2026.

Property details

Parking

Parking/Garage Information
Parking Features: Parking Pad

Interior

Virtual Tour

Bathroom Information
# of Full Bathrooms: 1
# of Three Quarter Bathrooms: 1

Heating & Cooling
Has Cooling

Interior Features
Interior Features: Pantry, Vaulted Ceiling(s), Master Downstairs
Window Features: Double Pane Windows
Appliances: Refrigerator, Gas Range
Flooring: Concrete, Laminate, Wood
Has Fireplace
# of Fireplaces: 2
Fireplace Features: Wood Burning Stove, Living Room, Family Room

Exterior

Exterior Features
Patio And Porch Features: Covered
Fencing: Chain Link, Partial
Roof: Metal

Building Information
Sq. Ft.: 1716.0
Levels: Multi/Split
# of Stories Total: 2
Construction Materials: Log, Frame

Property Features
On Waterfront
Has View
Horses Allowed
Other Structures: Barn(s), Corral(s)

Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Raw Mls Property Sub Type: Site Built

Lot Information
Lot Features: Many Trees
Water Body Name: Seasonal Creek
Lot Size : 2.43
Lot Size Dimensions: IRR
Lot Size Area: 2.43
Lot Size Units: Acres
Lot Size Acres: 2.43
Zoning: GU

Financial

Tax Information
Tax Annual Amount: $3,922.16

Utilities

Utility Information
Water Source: Well
Utilities: Electricity Available, Propane
Sewer: Septic Tank

Location

Location Information
Directions: Hwy. 260 East of Payson to Colcord Rd. follow Colcord Rd. to Running Elk. Right on Running Elk stay to the right at the fork and continue on Running Elk to the sign and property on your right.
Subdivision Name: Colcord Mountain

Public facts

Beds: —
Baths: —
Sq. Ft.: 1,680
Stories: 1.0
Lot Size: 0.59 acres
Style: Single Family Residential
Year Built: 2003
Year Renovated: —
County: Gila County
APN: 30319084A

Home facts updated by county records on Jul 30, 2026

Around this home

Schools

Young Elementary School

Public PreK-8 • Assigned • 11.8mi

6/10

Young High School

Public 9-12 • Assigned • 11.8mi

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

55% chance of being in a wildfire in next 30 years

2/10 Heat Factor

9 days above 88° expected this year, 23 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 12.5 hours in June and 7.3 hours in December, placing it above the U.S. average for solar exposure.

12.5 hrs

7.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$546,000 – $661,000

Sell confidently with a local market expert in Payson. 3 minutes to get started.

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New listings for sale in 85541

NEW 7 HRS AGO3D WALKTHROUGH

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NEW 14 HRS AGO

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NEW 20 HRS AGO

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8080 W Barranca Rd, Payson, AZ 85541

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1178 W Paint Pony Dr, Payson, AZ 85541

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1194 W Beaver Flat Rd, Payson, AZ 85541

$382,500

3 beds2 baths1,310 sq ft

602 N Blue Spruce Rd, Payson, AZ 85541

$649,900

3 beds3 baths1,856 sq ft

384 S Pumphouse Rd, Payson, AZ 85541

Home values near 862 Running Elk Rd

Data from public records.

Address	Redfin Estimate
832 South Running Elk Road, Payson, AZ 3 Beds \| 2 Baths \| 1536 Sq. Ft.	$335,302
1248 South Running Elk Road, Payson, AZ 2 Beds \| 2 Baths \| 1864 Sq. Ft.	$493,268

Address	Redfin Estimate
899 South Running Elk Road, Payson, AZ - Beds \| 1 Baths \| 416 Sq. Ft.	$309,960
801 South Running Elk Road, Payson, AZ - Beds \| 1 Baths \| 692 Sq. Ft.	$264,468

Address	Redfin Estimate
1010 South Running Elk Road, Payson, AZ - Beds \| - Baths \| 2016 Sq. Ft.	$509,995
816 South Running Elk Road, Payson, AZ 2 Beds \| 1 Baths \| 816 Sq. Ft.	$319,743

Property information provided by CAAR when last listed in 2025. This data may not match . Learn more.

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