NOT LISTED FOR SALE

1501 E Underwood Ln Payson, AZ 85541

Estimated Value: $1,282,000 - $1,797,000

6 Beds
5 Baths
4,327 Sq Ft
$365/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $1,700,000 $393 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $8,791/month

3 Days on Market

Highlights

  • RV Gated
  • Two Primary Bathrooms
  • Contemporary Architecture
  • Gated Parking
  • Mountain View
  • Vaulted Ceiling

About This Home

As of October 2022

Situated on a privately gated, 2+ acre lot, this tranquil Payson retreat offers desirable iron fencing, easy highway access, exclusive views of the Mogollon Rim, Granite Dell mountains & mature greenery from nearly every room. The open floor plan is enhanced with oversized windows, solar tubes, tongue & groove ceilings, exposed wood beams, stone fireplace with wood mantle, solid wood doors, 4 custom security doors, mudroom & 3 ensuite bedrooms & more! The gourmet kitchen is equipped with double ovens, Wolf 5-burner gas stove, SubZero fridge, granite countertops, beverage center, warming drawer & center island. Relax in private gazebo or on the expansive patio deck with a speaker system, sun shades & fans. Don't miss the epoxied extended depth+height 3-car garage with Tesla wall connection.

Last Agent to Sell the Property

David Arustamian

Russ Lyon Sotheby's International Realty License #BR662152000 Listed on: 07/28/2022

Russ Lyon Sotheby's International Realty

Last Buyer's Agent

David Pitz

Integra Homes and Land License #SA682860000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,838

Year Built

  • Built in 2004

Lot Details

  • 2.08 Acre Lot
  • Desert faces the back of the property
  • Wrought Iron Fence
  • Partially Fenced Property
  • Corner Lot

Parking

  • 3 Car Direct Access Garage
  • Garage Door Opener
  • Gated Parking
  • RV Gated

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Concrete Roof
  • Stucco

Interior Spaces

  • 4,327 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Mechanical Sun Shade
  • Solar Screens
  • Living Room with Fireplace
  • Mountain Views
  • Basement Fills Entire Space Under The House
  • Security System Owned

Kitchen

  • Gas Cooktop
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Remodeled Bathroom
  • Two Primary Bathrooms
  • Primary Bathroom is a Full Bathroom
  • 5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bidet
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall
  • Solar Tube

Schools

  • Out Of Maricopa Cnty Elementary And Middle School
  • Out Of Maricopa Cnty High School

Utilities

  • Central Air
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Heating System Uses Propane
  • Wall Furnace
  • Propane
  • Tankless Water Heater
  • Water Softener
  • Cable TV Available

Additional Features

  • Accessible Hallway
  • Covered Patio or Porch

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Built by Iverson Homes
  • Payson Three Unit 1 Subdivision

Listing and Financial Details

  • Tax Lot 18C
  • Assessor Parcel Number 302-84-020-A

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,838

Year Built

Built in 2004

Lot Details

2.08 Acres

Parking

3

Listing Details

  • Cross Street: Tyler Parkway & Underwood Lane
  • Legal Info Range: 10E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: Y
  • Updated Partial or Full Bathrooms: Partial
  • Bathrooms Year Updated: 2019
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2019
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2019
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2019
  • Parking Spaces Slab Parking Spaces: 3.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2004
  • Tax Year: 2021
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 2.08
  • Subdivision Name: Payson Three Unit 1
  • Architectural Style: Contemporary
  • Efficiency: Solar Tubes
  • Property Attached Yn: No
  • Tax Parcel Letter: A
  • ResoBuildingAreaSource: Assessor
  • General Property Description:PriceSqFt: 392.88
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Utilities Butane Propane: Yes
  • Cooling:Central Air: Yes
  • Windows:Solar Screens: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Living Rm: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Full
  • Flooring: Tile, Wood
  • Basement YN: Yes
  • Possible Use: None
  • Spa Features: None
  • Accessibility Features: Accessible Hallway(s)
  • Total Bedrooms: 6
  • Fireplace Features: 1 Fireplace, Living Room, Gas
  • Fireplace: Yes
  • Interior Amenities: 9+ Flat Ceilings, Soft Water Loop, Vaulted Ceiling(s), Kitchen Island, Pantry, 2 Master Baths, Bidet, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets, Granite Counters
  • Living Area: 4327.0
  • Stories: 2
  • Window Features: Solar Screens, Dual Pane, Mechanical Sun Shds
  • ResoLivingAreaSource: Assessor
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Cook Top Gas: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Other Rooms:Media Room: Yes
  • Basement Description:Full: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Partial, Wrought Iron
  • Lot Features: Corner Lot, Natural Desert Back, Gravel/Stone Front
  • Pool Features: None
  • Pool Private: No
  • View: Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Other Structures: Gazebo
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Other, Concrete
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:GazeboRamada: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: RV Gate, Garage Door Opener, Extended Length Garage, Direct Access, Attch'd Gar Cabinets, Gated
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 3.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:RV Gate: Yes
  • Parking Features:Gated Parking: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes
  • Parking Features:Extended Length Garage: Yes

Utilities

  • Electric: 220 Volts in Kitchen
  • Utilities: Propane
  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • Heating: Natural Gas, Floor Furnace, Wall Furnace, Propane
  • Security: Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes
  • Heating:WallFloor Heat: Yes
  • Heating:Propane: Yes

Condo/Co-op/Association

  • Amenities: None
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Out of Maricopa Cnty
  • High School: Out of Maricopa Cnty
  • Middle Or Junior School: Out of Maricopa Cnty

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 90412.0
  • Parcel #: 302-84-020-A
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Green Water Conservation: Tankless Ht Wtr Heat

Building Info

  • Builder Name: Iverson Homes

Tax Info

  • Tax Annual Amount: 5838.0
  • Tax Book Number: 302.00
  • Tax Lot: 18C
  • Tax Map Number: 84.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2022
Closed on
Oct 11, 2022
Sold by
Aroon And Debra Maben Revocable Living T and Maben Aroon K
Bought by
Aztec Trust and Taylor
Seller's Agent
David Arustamian
Russ Lyon Sotheby's International Realty
Buyer's Agent
David Pitz
Integra Homes and Land
List Price
$1,750,000
Sold Price
$1,700,000
Premium/Discount to List
-$50,000
-2.86%
Views
88
Current Estimated Value
$1,577,657

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$122,343
Avg. Annual Appreciation
-2.18%
Original Mortgage
$648,000
Outstanding Balance
$612,741
Interest Rate
4.75%
Mortgage Type
New Conventional
Estimated Equity
$964,916

Purchase Details

Closed on
Mar 2, 2019
Sold by
Maben Arronk and Maben Debra A
Bought by
Maben Aroon K and Maben Debra A

Purchase Details

Listed on
May 17, 2017
Closed on
Apr 2, 2018
Sold by
Wayne Alonzo Walter
Bought by
Maben Aroon and Maben Debra
Seller's Agent
Gary Cordell
DeLex Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$895,000
Sold Price
$820,000
Premium/Discount to List
-$75,000
-8.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.47%
Original Mortgage
$656,000
Interest Rate
4.44%

Purchase Details

Listed on
May 17, 2017
Closed on
Feb 13, 2018
Sold by
Walter Wayne Alonzo and Walter Carolynn Lee
Bought by
Maben Aroon K and Maben Debra A
Seller's Agent
Gary Cordell
DeLex Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$895,000
Sold Price
$820,000
Premium/Discount to List
-$75,000
-8.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,000
Interest Rate
4.44%

Purchase Details

Closed on
Oct 7, 2015
Sold by
Walter Wayne Alonzo and Walter Carolynn Lee
Bought by
Walter Family Living Trust and Walter Carolyn Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$907,500
Interest Rate
3.45%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Feb 6, 2009
Sold by
Walter Wayne A and Walter Carolynn L
Bought by
Walter Wayne Alonzo and Walter Carolynn Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,000
Interest Rate
4.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 19, 2006
Sold by
Walter Wayne A and Walter Carolynn L
Bought by
Walter Wayne Alonzo and Walter Carolynn Lee
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Aztec Trust $1,700,000 Pioneer Title
Maben Aroon K -- None Available
Maben Aroon $820,000 --
Maben Aroon K -- Pioneer Title Agency Inc
Walter Family Living Trust -- Title Source Inc
Walter Wayne Alonzo -- Pioneer Title Agency
Walter Wayne A -- Pioneer Title Agency
Walter Wayne Alonzo -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aztec Trust $648,000
Previous Owner Maben Aroon $656,000
Previous Owner Maben Aroon --
Previous Owner Walter Family Living Trust $907,500
Previous Owner Walter Wayne A $319,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/28/2022 10/28/22 Sold $1,700,000 -2.9% $393 / Sq Ft
07/31/2022 07/31/22 Pending -- -- --
07/28/2022 07/28/22 For Sale $1,750,000 +113.4% $404 / Sq Ft
02/27/2018 02/27/18 Sold $820,000 -8.4% $190 / Sq Ft View Prior Sale
01/22/2018 01/22/18 Pending -- -- --
01/02/2018 01/02/18 For Sale $895,000 0.0% $207 / Sq Ft
11/15/2017 11/15/17 Pending -- -- --
07/07/2017 07/07/17 Price Changed $895,000 -3.2% $207 / Sq Ft
06/01/2017 06/01/17 Price Changed $925,000 -2.1% $214 / Sq Ft
05/17/2017 05/17/17 For Sale $945,000 -- $218 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $6,985 $113,289 $18,521 $94,768
2025 $6,985 -- -- --
2024 $6,476 $100,615 $13,997 $86,618
2023 $6,476 $96,806 $8,350 $88,456
2022 $6,258 $60,125 $8,350 $51,775
2021 $5,838 $60,125 $8,350 $51,775
2020 $5,586 $0 $0 $0
2019 $5,405 $0 $0 $0
2018 $6,091 $0 $0 $0
2017 $5,078 $0 $0 $0
2016 $4,961 $0 $0 $0
2015 $4,517 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6441267

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-84-020A

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