NOT LISTED FOR SALE

518 W Main St Payson, AZ 85541

Estimated Value: $434,238

2 Beds
-- Bath
5,000 Sq Ft
$87/Sq Ft Est. Value

Last Sold April 05, 2022

Last sale price $426,000 $85 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,573/month

13 Days on Market

Highlights

  • No HOA
  • Eat-In Kitchen
  • West Facing Home
  • Fireplace

About This Home

As of April 2022

The opportunities are endless here with a fabulous commercial/residential space that fronts historic Main Street. The building has undergone numerous exterior renovations, and has been mostly gutted inside to act as a blank canvas for your most exciting dreams! In addition to the large commercial space is a quaint, historic residence that sits behind the home. This could make the perfect place to live and run the business next door, or utilize all the square footage for rental purposes. Come see this unique opportunity today before it's gone!

Last Agent to Sell the Property

Jake Sopeland

KELLER WILLIAMS ARIZONA REALTY - PAYSON License #SA635477000 Listed on: 03/08/2022

Last Buyer's Agent

Guy Pfister

Delex Realty, LLC License #SA575165000

Delex Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,774

Year Built

  • Built in 1974

Lot Details

  • 0.29 Acre Lot
  • Dirt Road
  • West Facing Home
  • Property is zoned C-3 Commercial

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Hardboard
  • Stucco

Interior Spaces

  • 2 Bedrooms
  • 5,000 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Eat-In Kitchen

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 304-06-235A

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,774

Year Built

Built in 1974

Lot Details

0

Listing Details

  • FILLACRES: 0.29
  • Estimated Sq Ft: 5000.00
  • Estimated Sq Ft Range: 5001 - 6000
  • Dining Room N A Other: YES
  • House Faces: W
  • Directions: West on Main Street from the Beeline Hwy. Property on right. Sign on property.
  • Exterior Features N A Other: YES
  • Fireplace Wood Stove: Fireplace
  • Floor Covering N A Other: YES
  • Homeowners Assoc N A Other: YES
  • Interior Features Other: YES
  • Laundry N A Other: YES
  • Listing Member Name: Jake Sopeland
  • Listing Office Short Id: kwar001
  • List Type: Exclusive ARS
  • Location N A Other: Main Street
  • Lot Street Improvem: Blacktop Street, Dirt Street
  • Other Rooms N A Other: YES
  • Property Sub Type: Site Built
  • Prop. Type: Residential
  • Selling Member Short Id: gp016
  • Building Style: Two Story
  • Sub Code: Payson Townsite
  • Sub Floor Type: Slab, Wood
  • Tract Suffix: Street
  • Warranty Program: No
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Lower Floor 1 Bedrooms: 2
  • Fireplace Stove: Yes
  • Foreclosure: No
  • Kitchen Features: Eat-in
  • Legal Description: Long legal, to be provided through escrow
  • Source of Sq Ft: Owner

Exterior Features

  • Exterior Construction: Wood Frame
  • Fencing: None
  • Flood Zone: None
  • Horses Allowed On Property: No
  • Lot Number: 14
  • Roof: Asphalt/Comp Shingle
  • Exterior Construction: Hardboard, Stucco
  • View: No
  • Waterfront: No

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling: None
  • Heating: None
  • Utilities Available: Electricity, Sewer Hooked In, Town of Payson Water
  • Water Heater: None

Condo/Co-op/Association

  • HOA: No

Fee Information

  • Taxes: 3774.00

Lot Info

  • Assessor Parcel Number: 304-06-235A
  • Lot Dimensions: 60',79.96',77',?',76.98',7.50',54.43',153.0'
  • Zoning: C-3 Commercial

Tax Info

  • Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2021
Closed on
Dec 30, 2021
Sold by
518 Main Payson Llc
Bought by
Milloy Duncan R
Seller's Agent
Jerry Doerksen
PREMIER REALTY SOLUTIONS, LLC
Buyer's Agent
Susan Slenk
DOMINION REAL ESTATE PARTNERS
List Price
$399,900
Sold Price
$400,000
Premium/Discount to List
$100
0.03%
Current Estimated Value
$434,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,238
Avg. Annual Appreciation
2.05%
Original Mortgage
$300,000
Outstanding Balance
$274,214
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$160,024

Purchase Details

Listed on
May 24, 2018
Closed on
Oct 31, 2019
Sold by
Braaten John Robert and Braaten Heather Marie
Bought by
518 Main Payson Llc
Seller's Agent
Timothy Schutt
Wrangler Real Estate
Buyer's Agent
Joshua Davis
Ashby Realty Group, LLC
List Price
$169,900
Sold Price
$157,500
Premium/Discount to List
-$12,400
-7.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.97%

Purchase Details

Listed on
May 24, 2018
Closed on
Aug 29, 2019
Sold by
Van Veen Investments Llc
Bought by
Braaten John Robert and Braaten Heather Marie
Seller's Agent
Timothy Schutt
Wrangler Real Estate
Buyer's Agent
Joshua Davis
Ashby Realty Group, LLC
List Price
$169,900
Sold Price
$157,500
Premium/Discount to List
-$12,400
-7.3%

Purchase Details

Closed on
Jun 15, 2018
Sold by
Baybrook Garwood and Baybrook Eleanor
Bought by
Van Veen Investments Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Milloy Duncan R $400,000 Pioneer Title
518 Main Payson Llc -- None Available
Braaten John Robert $157,500 Real Advantage Title
Van Veen Investments Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Milloy Duncan R $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/05/2022 04/05/22 Sold $426,000 -12.9% $85 / Sq Ft
03/21/2022 03/21/22 Pending -- -- --
03/08/2022 03/08/22 For Sale $489,000 +22.3% $98 / Sq Ft
12/30/2021 12/30/21 Sold $400,000 0.0% $80 / Sq Ft View Prior Sale
10/11/2021 10/11/21 Pending -- -- --
10/06/2021 10/06/21 For Sale $399,900 +153.9% $80 / Sq Ft
09/11/2019 09/11/19 Sold $157,500 -2.7% $27 / Sq Ft View Prior Sale
08/20/2019 08/20/19 Pending -- -- --
07/04/2019 07/04/19 Price Changed $161,900 -1.8% $28 / Sq Ft
05/02/2019 05/02/19 Price Changed $164,900 -2.9% $28 / Sq Ft
08/17/2018 08/17/18 For Sale $169,900 0.0% $29 / Sq Ft
07/02/2018 07/02/18 Pending -- -- --
05/28/2018 05/28/18 Pending -- -- --
05/23/2018 05/23/18 For Sale $169,900 -- $29 / 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 $3,897 -- -- --
2024 $3,897 $84,532 $7,985 $76,547
2023 $3,897 $76,691 $11,183 $65,508
2022 $3,778 $41,005 $11,183 $29,822
2021 $3,774 $41,005 $11,183 $29,822
2020 $3,626 $0 $0 $0
2019 $3,526 $0 $0 $0
2018 $3,435 $0 $0 $0
2017 $3,278 $0 $0 $0
2016 $3,383 $0 $0 $0
2015 $3,927 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jake Sopeland

    KELLER WILLIAMS ARIZONA REALTY - PAYSON

  • Guy Pfister

    Buyer's Agent in 2022

    Guy Pfister

    Delex Realty, LLC

    (928) 978-2838

    85 Total Sales

    Guy Pfister
    Section Image

  • J

    Seller's Agent in 2021

    Jerry Doerksen

    PREMIER REALTY SOLUTIONS, LLC

  • S

    Seller Co-Listing Agent in 2021

    Sharon Doerksen

    PREMIER REALTY SOLUTIONS, LLC

  • S

    Buyer's Agent in 2021

    Susan Slenk

    DOMINION REAL ESTATE PARTNERS

  • Timothy Schutt

    Seller's Agent in 2019

    Timothy Schutt

    Wrangler Real Estate

    (520) 591-0027

    1,581 Total Sales

    Timothy Schutt
    Section Image
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Map

Source: Central Arizona Association of REALTORS®

MLS Number: 86273

Central Arizona Association of REALTORS®

APN: 304-06-235A

Arizona Gila County Payson 85541

518 W Main St, Payson, AZ

Not Listed for Sale

Detached

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