$425,000
SOLD AUG 9, 2024

118 W Aero Dr Payson, AZ 85541

-- Bed
-- Bath
2,851 Sq Ft
0.35 Acres

Recently Sold

$149 Per Sq Ft

15% Below List Price

179 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • West Facing Home
  • Tile Flooring
  • Forced Air Heating System
  • Partially Fenced Property

About This Home

As of August 2024

Single lev. l 5 unit building. 2 studio units, 2 2 bedroom 1 bath units and 1 1 bedroom 1 bathMonthly Gross Rents $3925

Last Agent to Sell the Property

Lisa Canavier

Delex Realty, LLC License #BR699622000

Delex Realty, LLC

Last Buyer's Agent

NOT A CAAR MEMBER

NOT A CAAR MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,622

Year Built

  • Built in 1962

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 114.51x138.73x82.3x158.18
  • West Facing Home
  • Partially Fenced Property
  • Chain Link Fence

Parking

  • 8 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2,851 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector
  • Oven or Range

Flooring

  • Carpet
  • Concrete
  • Tile
  • Vinyl

Utilities

  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • 5 Units

Listing and Financial Details

  • Home warranty included in the sale of the property
  • The owner pays for sewer, trash, water
  • Tax Lot TH
  • Assessor Parcel Number 304-16-239F

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,622

Year Built

Built in 1962

Lot Details

0

Listing Details

  • FILLACRES: 0.35
  • Estimated Sq Ft: 2851.00
  • Assessor Parcel Number: 239
  • House Faces: W
  • Directions: West on Aero from Hwy 87 first property on the right behind Speedway
  • Exterior Features N A Other: YES
  • Fireplace Woodstove N A Other: YES
  • Floor Covering N A Other: Luxury Plank
  • Homeowners Assoc N A Other: YES
  • Listing Member Name: Lisa Ann Canavier
  • Listing Office Short Id: lac665
  • List Type: Exclusive ARS
  • Lot Street Improvem: Blacktop Street
  • Open House Office I D: 20220510211934508264000000
  • Property Sub Type: Other
  • Prop. Type: Multi-Family
  • Selling Member Short Id: AA0000
  • Selling Office Short Id: 60
  • Sub Code: Unsubdivided
  • Tract Suffix: Drive
  • Warranty Program: Yes
  • Year Built: 1962
  • Garage Carport N A Other: YES
  • Property Features: Chain Link, Partially Fenced
  • Income Sales Info Cap Rate: 5 - 7.9%
  • Income Sales Info Down Payment: Submit
  • Income Sales Info Net Operating Income: 31,000 - 40,999
  • Loan Info1 St Assumable: Yes
  • Loan Info1 St Interest Rate: 5.00
  • Loan Info1 St Mortgage Balance: 163000.00
  • Loan Info Accelerate: No
  • Loan Info Cash To Assume: 336900.00
  • Loan Info Lender: Private
  • Loan Info Must Qualify: Yes
  • Loan Info Ttl Pmt After Assmpt: 1285.00
  • Loan Info Type Of Loan: Balloon
  • Type Style: Single Level
  • Documents On Fle N A Other: YES
  • Exchange N A Other: YES
  • Existing Finance Fee: Private
  • Utilties Available: Electricity, Individual Meter, Propane Piped, Sewer Hooked In, Town of Payson Water
  • Special Features: None

Interior Features

  • Floor Type: Slab
  • Floor Covering: Carpeting, Tile, Vinyl
  • Foreclosure: No
  • Interior Amenities: Range/Oven, Refrigerator, Smoke Detector
  • Legal Description: Section:09 Township10N COMM INTERSECTIO OF NORTH ROW OF AERO DR AND NWLY ROW MEADOW DR< RIM VIEW ADDITIOM PLAT D< PLAT 92; TH N45D01'36E, 112.50' TO POB; TH N0D26'22W, 81.54'; TH S89D48
  • Entry Location: Borders Undev Land

Exterior Features

  • Exterior Construction: Brick, Wood Frame
  • Flood Zone: None
  • Lot Number: TH
  • Roof: Asphalt/Comp Shingle
  • Exterior Construction: Wood

Garage/Parking

  • Number Parking Spaces: 8.00

Utilities

  • Cooling: Individual A/C
  • Heating: Forced Air

Condo/Co-op/Association

  • HOA: No
  • Condo Management: Owner/Family
  • Number of Units: 5

Fee Information

  • Taxes: 1622.00

Lot Info

  • Assessor Parcel Number: 304-16-239F
  • Lot Dimensions: 114.51x138.73x82.3x158.18
  • Zoning: R3
  • Land Size: 0.35

Building Info

  • Building Size: 2851.00

Rental Info

  • Included In Rent: Sewer, Trash, Water

Tax Info

  • Year: 2023

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2024 08/09/24 Sold $425,000 -11.4% $149 / Sq Ft
04/22/2024 04/22/24 Price Changed $479,900 -4.0% $168 / Sq Ft
02/05/2024 02/05/24 For Sale $499,900 +108.3% $175 / Sq Ft
11/01/2017 11/01/17 Sold $240,000 -4.0% $84 / Sq Ft
10/03/2017 10/03/17 Pending -- -- --
09/28/2017 09/28/17 For Sale $249,900 -- $88 / Sq Ft
Source: Central Arizona Association of REALTORS®

Source: Central Arizona Association of REALTORS®

MLS Number: 89718

Central Arizona Association of REALTORS®

Arizona Gila County Payson 85541

118 W Aero Dr, Payson, AZ

Homes for Sale in Payson, AZ

This home is located at 118 W Aero Dr, Payson, AZ 85541 and is currently priced at $425,000, approximately $149 per square foot. This property was built in 1962. 118 W Aero Dr is a home located in Gila County with nearby schools including Julia Randall Elementary School, Payson Elementary School, and Rim Country Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Central Arizona Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.