NOT LISTED FOR SALE

513 W Frontier St Payson, AZ 85541

Estimated Value: $475,000 - $613,000

-- Bed
-- Bath
1,936 Sq Ft
$295/Sq Ft Est. Value

Last Sold September 07, 2021

Last sale price $500,000 $258 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,176/month

87 Days on Market

Highlights

  • RV Access or Parking
  • Double Pane Windows
  • Tile Flooring
  • No HOA
  • Shed
  • 1-Story Property

About This Home

As of September 2021

Great investment property in the cool pines of Payson, Arizona. Recently upgraded 4-plex with 4, 1 bedroom, 1 bath luxury apartments, all rented with plenty of land to add more units. Property borders both Frontier St. and Historic Main St. Zoned C-3 for additional commercial business options. Storage building may be changed to a laundry facility with the proper upgrades approved by the Town of Payson. New roof installed.

Last Agent to Sell the Property

Jerry Doerksen

PREMIER REALTY SOLUTIONS, LLC License #SA681813000 Listed on: 04/16/2021

Co-Listed By

Sharon Doerksen

PREMIER REALTY SOLUTIONS, LLC License #SA108911000

Last Buyer's Agent

Jerry Doerksen

KELLER WILLIAMS ARIZONA REALTY-PAYSON

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,613

Year Built

  • Built in 1971

Lot Details

  • 0.55 Acre Lot
  • Lot Dimensions are 124'x325'x18.5'x162.5'x105.5'x162.6'
  • West Facing Home
  • Dog Run
  • Partially Fenced Property
  • Wood Fence
  • Wire Fence

Parking

  • RV Access or Parking

Home Design

  • Asphalt Shingled Roof
  • Stucco

Interior Spaces

  • 1-Story Property
  • Double Pane Windows
  • Fire and Smoke Detector
  • Oven or Range

Flooring

  • Concrete
  • Tile

Outdoor Features

  • Shed

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • The owner pays for sewer, water
  • Assessor Parcel Number 304-06-240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,613

Year Built

Built in 1971

Lot Details

0

Listing Details

  • FILLACRES: 0.55
  • Co Selling Member Short Id: sd845
  • House Faces: W
  • Directions: From the Hwy 260 and Hwy 87 intersection take S Beeline Hwy, also Hwy 87 South to Frontier St by the post office, turn Right or West, approximately .5 miles. Property on Left. Sign on property.
  • Fireplace Woodstove N A Other: YES
  • Heating N A Other: Mini Splits
  • Homeowners Assoc N A Other: YES
  • Interior Features Other: Steam Shower
  • Listing Member Name: Jerry Doerksen
  • Listing Office Short Id: prem001
  • List Type: Exclusive ARS
  • Location N A Other: YES
  • Lot Street Improvem: Blacktop Street
  • Property Sub Type: Four Plex
  • Prop. Type: Multi-Family
  • Selling Member Short Id: jd844
  • Sub Code: Payson Townsite
  • Tract Suffix: Street
  • Warranty Program: No
  • Year Built: 1971
  • Garage Carport N A Other: YES
  • Property Features: Chain Link, Partially Fenced, Wire Fence, Wood Fence
  • Income Sales Info Cap Rate: 5 - 7.9%
  • Income Sales Info Down Payment: CLO
  • Income Sales Info Net Operating Income: 21,000 - 30,999
  • Loan Info1 St Assumable: No
  • Loan Info Accelerate: No
  • Loan Info Must Qualify: No
  • Type Style: Single Level
  • Documents On Fle: Legal Description, Plat Map, SPDS
  • Documents On Fle N A Other: Upgrades
  • Exchange N A Other: YES
  • Existing Finance Fee: Free & Clear
  • Utilties Available: Electricity, Sewer Hooked In, Town of Payson Water
  • Special Features: None

Interior Features

  • Floor Type: Slab
  • Floor Covering: Tile
  • Foreclosure: No
  • Interior Amenities: Dual Pane Windows, Master Main Floor, Range/Oven, Refrigerator, Smoke Detector
  • Legal Description: Section: 09 Township: 10N Range: 10E POR AUGUST PEIPER PAT #122584, COMM N1/4 SEC 9; TH EAST, 100.0; TH SOUTH, 325.0'; TH WEST, 200.0' TO POB; TH NORTH, 162.50'; WEST, 100.0'; TH NORTH, 162.50'; TH EAST, 124.0'; TH SOUTH,325.0' TO POBNE1/4 NW1/4 SEC 9 T10N R10E = 0.55 AC

Exterior Features

  • Exterior Construction: Block
  • Exterior Features: Dog Run, RV Hook Up, Storage/Utility Shed
  • Flood Zone: None
  • Roof: Asphalt/Comp Shingle
  • Exterior Construction: Stucco

Garage/Parking

  • Garage/Carport Description: RV Parking

Utilities

  • Cooling: Individual A/C

Condo/Co-op/Association

  • HOA: No
  • Condo Management: Manager
  • Number of Units: 4

Fee Information

  • Taxes: 1613.19

Lot Info

  • Assessor Parcel Number: 304-06-240
  • Lot Dimensions: 124'x325'x18.5'x162.5'X105.5'x162.6'
  • Zoning: C-3
  • Land Size: 23958.00

Building Info

  • Building Size: 1936.00

Rental Info

  • Included In Rent: Sewer, Water

Tax Info

  • Year: 2020

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2021
Closed on
Aug 12, 2021
Sold by
513 Frontier Llc
Bought by
Doyle William J
Seller's Agent
Jerry Doerksen
PREMIER REALTY SOLUTIONS, LLC
Buyer's Agent
Jerry Doerksen
KELLER WILLIAMS ARIZONA REALTY-PAYSON
List Price
$524,000
Sold Price
$500,000
Premium/Discount to List
-$24,000
-4.58%
Current Estimated Value
$570,876

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,876
Avg. Annual Appreciation
2.44%
Original Mortgage
$375,000
Outstanding Balance
$338,445
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$232,432

Purchase Details

Closed on
Aug 22, 2019
Sold by
Braaten John Robert and Braaten Heather Marie
Bought by
513 Frontier Llc

Purchase Details

Closed on
Jul 24, 2019
Sold by
Vesper Properties Llc
Bought by
Braaten John Robert and Braaten Heather Marie

Purchase Details

Closed on
Jul 2, 2019
Sold by
Whittle Carl Bradford and Estate Of Jo Anne Whittle
Bought by
Vesper Properties Llc

Purchase Details

Closed on
Mar 7, 2017
Sold by
Whittle James Clifford
Bought by
Vesper Properties Llc

Purchase Details

Closed on
Feb 22, 2017
Sold by
Whittle Karen Ann
Bought by
Vesper Properties Llc

Purchase Details

Closed on
Feb 4, 2017
Sold by
Whittle Carl Bradford
Bought by
Vesper Properties Llc

Purchase Details

Closed on
Jan 19, 2017
Sold by
Whittle Robert A
Bought by
Vesper Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Doyle William J -- American Title Services
513 Frontier Llc -- None Available
Braaten John Robert $210,000 Empire West Title Agency Llc
Vesper Properties Llc -- Empire West Title Agency Llc
Vesper Properties Llc -- None Available
Vesper Properties Llc -- None Available
Vesper Properties Llc -- None Available
Vesper Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Doyle William J $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/07/2021 09/07/21 Sold $500,000 -2.9% $258 / Sq Ft
08/25/2021 08/25/21 Sold $515,000 -1.7% $266 / Sq Ft View Prior Sale
07/12/2021 07/12/21 Pending -- -- --
07/12/2021 07/12/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $524,000 0.0% $271 / Sq Ft
04/16/2021 04/16/21 For Sale $524,000 -- $271 / 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 $2,081 -- -- --
2024 $2,081 $29,606 $6,314 $23,292
2023 $2,081 $35,251 $6,460 $28,791
2022 $2,016 $23,617 $6,460 $17,157
2021 $1,687 $15,745 $4,307 $11,438
2020 $1,614 $0 $0 $0
2019 $1,814 $0 $0 $0
2018 $1,707 $0 $0 $0
2017 $1,591 $0 $0 $0
2016 $1,624 $0 $0 $0
2015 $1,654 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jerry Doerksen

    PREMIER REALTY SOLUTIONS, LLC

  • S

    Seller's Agent in 2021

    Sharon Doerksen

    DeLex Realty

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Map

Source: Central Arizona Association of REALTORS®

MLS Number: 84519

Central Arizona Association of REALTORS®

APN: 304-06-240

Arizona Gila County Payson 85541

513 W Frontier St, Payson, AZ

Not Listed for Sale

MultiFamily

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