NOT LISTED FOR SALE

501 W Main St Payson, AZ 85541

Estimated Value: $409,903

-- Bed
-- Bath
4,500 Sq Ft
$91/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $275,000 $61 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,555/month

129 Days on Market

About This Home

As of July 2020

Commercial building with 3 units. Good exposure on Main Street . Main Street is the location for the town parades and the street to Green Valley Park. A/C and heat. Each unit has private restroom.

Last Agent to Sell the Property

Loretta Coleman

Coldwell Banker Bishop Realty License #BR524989000 Listed on: 03/11/2020

Coldwell Banker Bishop Realty

Last Buyer's Agent

Peter Ashworth

Realty USA Southwest License #SA572343000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,101

Year Built

  • Built in 1947

Lot Details

  • 0.46 Acre Lot
  • Property is zoned C-3

Home Design

  • 4,500 Sq Ft Home
  • Wood Frame Construction
  • Block Exterior

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 304-06-243

Community Details

Overview

  • Building Dimensions are 135 x 150
  • Unsubdivided Subdivision

Building Details

  • Operating Expense $6,525

Property Details

Property Type

Other

Est. Annual Taxes

$4,101

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Legal Info Range: 10E
  • Property Type: Comm/Industry Sale
  • Zoning: C-3
  • Current Use: Retail
  • Number Of Buildings: 1
  • Year Built: 1947
  • Tax Year: 2019
  • Directions: North on Beeline Highway, west on Main Street to property on left.
  • Lot Size Acres: 0.46
  • Road Surface Type: Asphalt
  • Subdivision Name: unsubdivided
  • Structure Type: Commercial
  • Special Features: VirtualTour
  • Property Sub Type: Other

Exterior Features

  • Fencing: None
  • Construction Type: Frame - Wood, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Natural Gas
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Fee Information

  • Annual Water Sewer Expense: 2424.0

Lot Info

  • Lot Size: 135 x 150
  • Lot Size Sq Ft: 20038.0
  • Additional Parcels: No
  • Parcel #: 304-06-243
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 6525.0

Tax Info

  • Tax Annual Amount: 4101.0
  • Tax Book Number: 304.00
  • Tax Lot: 9
  • Tax Map Number: 6.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2020
Closed on
Jul 27, 2020
Sold by
Klaseen Wallace E and Klaseen Joyce M
Bought by
Ashworth Martha and Bellanca Viking Rlt
Seller's Agent
Loretta Coleman
Coldwell Banker Bishop Realty
Buyer's Agent
Peter Ashworth
Realty USA Southwest
List Price
$300,000
Sold Price
$275,000
Premium/Discount to List
-$25,000
-8.33%
Total Days on Market
129
Current Estimated Value
$409,903

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,903
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Ashworth Martha -- Pioneer Title Agency Inc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2020 07/31/20 Sold $275,000 -8.3% $61 / Sq Ft
07/17/2020 07/17/20 Pending -- -- --
03/10/2020 03/10/20 For Sale $300,000 -- $67 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $4,563 -- -- --
2024 $4,563 $42,385 $10,299 $32,086
2023 $4,563 $42,755 $15,131 $27,624
2022 $4,553 $43,378 $15,131 $28,247
2021 $4,396 $43,378 $15,131 $28,247
2020 $4,224 $0 $0 $0
2019 $4,101 $0 $0 $0
2018 $3,858 $0 $0 $0
2017 $3,597 $0 $0 $0
2016 $3,674 $0 $0 $0
2015 $4,357 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Loretta Coleman

    Seller's Agent in 2020

    Loretta Coleman

    Coldwell Banker Bishop Realty

    (928) 978-5295

    83 Total Sales

    Loretta Coleman
    Section Image
  • Peter Ashworth

    Buyer's Agent in 2020

    Peter Ashworth

    Realty USA Southwest

    (480) 861-3596

    5 Total Sales

    Peter Ashworth
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6049028

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-06-243

Arizona Gila County Payson 85541

501 W Main St, Payson, AZ

This home is located at 501 W Main St, Payson, AZ 85541 since 11 March 2020 and is currently priced at $409,903, approximately $91 per square foot. This property was built in 1947. 501 W Main St 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.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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