$390,000
SOLD AUG 15, 2025

301 W Wade Ln Payson, AZ 85541

-- Bed
-- Bath
1,792 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$218 Per Sq Ft

8% Below List Price

18 Days on Market

Highlights

  • Wood Flooring
  • 1-Story Property
  • West Facing Home
  • No HOA
  • Evaporated cooling system
  • Heating Available

About This Home

As of August 2025

Discover a fantastic investment opportunity in the heart of Payson, Arizona! This well-maintained duplex, built with solid slump block construction, is a clean, turnkey property in excellent condition--a true gem for income seekers. Featuring two 2-bedroom, 1-bath units, each renting for $1,550 per month, this duplex is a quiet, reliable cash cow.Payson is a charming mountain town that offers an unbeatable quality of life, making this property even more appealing. Nestled in the cool pines at 5,000 feet elevation, Payson boasts mild four-season weather, perfect for outdoor enthusiasts. With world-class hiking, fishing, and camping in the nearby Tonto National Forest and Mogollon Rim, adventure is always at your doorstep. The vibrant community hosts lively events like the Arizona State Rodeo, farmers' markets, and festivals, fostering a warm, small-town vibe.This duplex is ideally located just steps from Main Street's quaint shops, restaurants, and theater, with schools, parks, a library, and a dog park all nearby. It's a walkable, central spot that tenants love for its convenience and access to Payson's best amenities. Whether you're supplementing retirement income or building your portfolio, this property is a smart choice in a town known for its natural beauty, friendly atmosphere, and growing appeal.Requires 48 hours' notice for viewings. Don't miss out on this Payson treasure!

Last Agent to Sell the Property

Guy Pfister

Delex Realty, LLC License #SA575165000 Listed on: 06/24/2025

Delex Realty, LLC

Last Buyer's Agent

Guy Pfister

Delex Realty, LLC License #SA575165000 Listed on: 06/24/2025

Delex Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,626

Year Built

  • Built in 1980

Lot Details

  • 9,148 Sq Ft Lot
  • West Facing Home

Parking

  • Carport

Home Design

  • Asphalt Shingled Roof
  • Stone Siding

Interior Spaces

  • 1-Story Property
  • Oven or Range

Flooring

  • Wood
  • Carpet
  • Concrete
  • Tile

Utilities

  • Evaporated cooling system
  • Window Unit Cooling System
  • Heating Available

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • The owner pays for sewer, water
  • Assessor Parcel Number 304-08-057B

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,626

Year Built

Built in 1980

Lot Details

0

Listing Details

  • FILLACRES: 0.21
  • Assessor Parcel Number: 057
  • House Faces: W
  • Directions: Beeline Hwy South to Wade Lane, West to property.
  • Fireplace Woodstove N A Other: YES
  • Homeowners Assoc N A Other: YES
  • Listing Member Name: Guy A Pfister
  • Listing Office Short Id: dr513
  • List Type: Exclusive ARS
  • Location N A Other: YES
  • Lot Street Improvem: Blacktop Street
  • Open House Office I D: 20220128163053669795000000
  • Property Sub Type: Duplex/Triplex
  • Prop. Type: Multi-Family
  • Selling Member Short Id: gp016
  • Selling Office Short Id: dr513
  • Sub Code: Greer Sub
  • Tract Suffix: Lane
  • Warranty Program: No
  • Year Built: 1980
  • Property Features N A Other: YES
  • Income Sales Info Cap Rate: 5 - 7.9%
  • Income Sales Info Down Payment: CLO
  • Income Sales Info Net Operating Income: N/A
  • Loan Info1 St Assumable: No
  • Loan Info Accelerate: No
  • Loan Info Must Qualify: No
  • Type Style: Single Level
  • Documents On Fle: Aerial Photos, Leases, Legal Description, Plat Map, SPDS
  • Exchange N A Other: YES
  • Existing Finance Fee: Free & Clear
  • Utilties Available: Electricity, Individual Meter, Sewer Hooked In, Town of Payson Water, Trash
  • Special Features: None

Interior Features

  • Floor Type: Slab
  • Floor Covering: Carpeting, Tile, Wood
  • Foreclosure: No
  • Interior Amenities: Laundry Area, Range/Oven, Refrigerator
  • Legal Description: Section: 04 Township: 10n Range: 10e Sely 60.0' Of Nwly 100.0' Lot 40, GreerAddition, Plat 85(ros 3793)se1/4 Se1/4 Sec 4 T10n R10e = 0.21 Ac

Exterior Features

  • Exterior Construction: Block
  • Exterior Features: Laundry Room/Facilit, Storage Unit
  • Flood Zone: None
  • Roof: Asphalt/Comp Shingle
  • Exterior Construction: Stone

Garage/Parking

  • Garage/Carport Description: Attached, Carport Only

Utilities

  • Cooling: Evaporative, Window Unit
  • Heating: Electric

Condo/Co-op/Association

  • HOA: No
  • Condo Management: Owner/Family
  • Number of Units: 2

Fee Information

  • Taxes: 1626.00

Lot Info

  • Assessor Parcel Number: 304-08-057B
  • Lot Dimensions: IRREGULAR
  • Zoning: RES
  • Land Size: 0.21

Building Info

  • Building Size: 1792.00

Rental Info

  • Included In Rent: Sewer, Water

Tax Info

  • Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2025
Closed on
Aug 6, 2025
Sold by
Wiley Carrie Louise and Wiley Kenneth D
Bought by
Magill Shea Daniehle and Magill William Allen
Seller's Agent
Guy Pfister
Delex Realty, LLC
Buyer's Agent
Guy Pfister
Delex Realty, LLC
List Price
$425,000
Sold Price
$390,000
Premium/Discount to List
-$35,000
-8.24%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.27%
Original Mortgage
$292,500
Outstanding Balance
$292,500
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$107,641

Purchase Details

Closed on
Aug 31, 2018
Sold by
Wiley Carrie Louise
Bought by
Wiley Carrie Louise and Wiley Kenneth D

Purchase Details

Closed on
Sep 11, 2016
Sold by
Wiley Carrie Louise
Bought by
Wiley Kenneth D

Purchase Details

Closed on
Aug 16, 2007
Sold by
Wiley Carrie Louise
Bought by
Keyser Brenda Louise and Wiley Kenneth Dean

Purchase Details

Closed on
May 9, 2007
Sold by
Sexton David R and Sexton Julie E
Bought by
Wiley Carrie Louise
Source: Public Records

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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $390,000 Great American Title
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed $272,500 Pioneer Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $292,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 Sold $390,000 -8.2% $218 / Sq Ft
07/12/2025 07/12/25 Pending -- -- --
06/24/2025 06/24/25 For Sale $425,000 -- $237 / Sq Ft
Source: Central Arizona Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2025 $1,574 -- -- --
2024 $1,574 $29,724 $3,713 $26,011
2023 $1,574 $38,673 $5,103 $33,570
2022 $1,526 $19,848 $5,103 $14,745
2021 $1,432 $13,232 $3,402 $9,830
2020 $1,376 $0 $0 $0
2019 $1,336 $0 $0 $0
2018 $1,257 $0 $0 $0
2017 $1,172 $0 $0 $0
2016 $1,178 $0 $0 $0
2015 $1,161 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Arizona Association of REALTORS®

MLS Number: 92467

Central Arizona Association of REALTORS®

APN: 304-08-057B