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.
Active
$358,900
518 N Colcord Rd,Ā Payson, AZ 85541
3beds
1,480sqft
Est.:Ā
Single Family Residence
Built in 1970
0.27 Acres Lot
$347,000 ZestimateĀ®
$243/sqft
$-- HOA
What's special
Large fenced yardAbundant parking
- 3 days |
- 2,064 |
- 84 |
Zillow last checked: 8 hours ago
Listing updated: February 18, 2026 at 06:09pm
Listed by:
Don 'Junior' Queen 928-592-3771,
Real Broker - AZ
Source: CAAR,MLS#: 93450
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Potential Bedroom, Study/Office/Den, Hobby Room, In Law Quarters
Heating
- Electric, Propane
Cooling
- Evaporative Cooling, Ceiling Fan(s)
Appliances
- Included: Dryer, Washer
- Laundry: Other, Laundry Room
Features
- Breakfast Bar, Master Main Floor
- Flooring: Carpet, Wood, Linoleum
- Windows: Double Pane Windows
- Has basement: No
- Has fireplace: Yes
- Fireplace features: Living Room, Gas, Wood Burning Stove
Interior area
- Total structure area: 1,480
- Total interior livable area: 1,480 sqft
Property
Parking
- Total spaces: 1
- Parking features: Carport, No Garage, RV Gated
- Carport spaces: 1
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Patio
- Fencing: Chain Link
Lot
- Size: 0.27 Acres
- Dimensions: 70 x 55.44 x 70 x 55.44
- Features: Landscaped
Details
- Additional structures: Workshop, Guest House
- Parcel number: 30264139
- Zoning: RES
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Two Story,Cottage
- Property subtype: Single Family Residence
Materials
- Wood Frame, Wood Siding
- Roof: Asphalt,Metal
Condition
- Year built: 1970
Utilities & green energy
- Water: In Payson City Limits
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Payson North U1
HOA
- HOA name: None
Location
- Region: Payson
Financial & listing details
- Price per square foot: $243/sqft
- Tax assessed value: $219,323
- Annual tax amount: $1,443
- Date on market: 2/18/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Asphalt
Estimated market value
$347,000
$330,000 - $364,000
$1,791/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/18/2026 | Listed for sale | $358,900+372.2%$243/sqft |
Source:  CAAR #93450 Report a problem | ||
| 10/30/2000 | Sold | $76,000-38.7%$51/sqft |
Source: Agent Provided Report a problem | ||
| 3/15/1999 | Sold | $124,000$84/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,389 +3.6% | $21,932 +2.6% |
| 2024 | $1,341 +3.4% | $21,373 |
| 2023 | $1,296 +6.3% | -- |
| 2022 | $1,219 +32.8% | -- |
| 2021 | $918 +0.1% | -- |
| 2019 | $918 +2.4% | -- |
| 2018 | $896 -1.9% | -- |
| 2017 | $913 | -- |
| 2016 | $913 +3.1% | -- |
| 2015 | $886 | -- |
| 2014 | -- | -- |
| 2013 | -- | $8,726 -3.4% |
| 2012 | -- | $9,035 -10.3% |
| 2011 | -- | $10,069 -11.8% |
| 2010 | -- | $11,414 |
| 2009 | -- | -- |
| 2008 | $883 | -- |
| 2007 | -- | -- |
| 2006 | $867 | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
Find assessor info on the county website
BuyAbilityā payment
Est. payment
$1,855/mo
Principal & interest
$1693
Property taxes
$162
Climate risks
Neighborhood: 85541
Nearby schools
GreatSchools rating
- NAPayson Elementary SchoolGrades: K-2Distance: 1.1 mi
- 5/10Rim Country Middle SchoolGrades: 6-8Distance: 0.8 mi
- 2/10Payson High SchoolGrades: 9-12Distance: 0.8 mi
