$430,000
SOLD JUL 9, 2025

603 S Colcord Rd Payson, AZ 85541

5 Beds
4 Baths
2,880 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$149 Per Sq Ft

3% Below List Price

11 Days on Market

Highlights

  • No HOA
  • Skylights
  • Mini Split Air Conditioners
  • Circular Driveway
  • Eat-In Kitchen
  • Ceiling Fan

About This Home

As of July 2025

Investment opportunity awaits! This fourplex sits on .17 acre lot, with three units currently rented. The fourth unit is unfinished, offering a buyer chance to complete to their specifications. A second adjacent .17 parcel is included in the sale and must be purchased together. This parcel currently has a 1960 mobile home (considered to have no value and will need to be removed), but it offers significant potential for additional development-ideal for adding more apartment units or expanding your investment portfolio.

Last Agent to Sell the Property

Andrea Christianson

Coldwell Banker Bishop Realty License #SA641360000 Listed on: 05/27/2025

Coldwell Banker Bishop Realty

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,996

Year Built

  • Built in 1985

Lot Details

  • Block Wall Fence
  • Chain Link Fence

Parking

  • Circular Driveway

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Vertical Siding

Interior Spaces

  • 2,880 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Skylights

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Cooktop
  • <<builtInMicrowave>>

Flooring

  • Carpet
  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Schools

  • Payson Elementary School
  • Rim Country Middle School
  • Payson High School

Utilities

  • Mini Split Air Conditioners
  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Mini Split Heat Pump

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Mogollon Rim Addition Amended Subdivision

Listing and Financial Details

  • Tax Lot 41 & 40
  • Assessor Parcel Number 304-03-038

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,996

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Legal Info Range: 10E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Separate Den Office Sep Den Office: N
  • Year Built: 1985
  • Tax Year: 2024
  • Directions: From Hwy 87 turn west to Main St. North onto Colcord Road, in .2 mi property will be on your right.
  • Property Sub Type: Apartment
  • Horses: No
  • Lot Size Acres: 0.17
  • Subdivision Name: MOGOLLON RIM ADDITION AMENDED
  • Architectural Style: Other
  • Property Attached Yn: Yes
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Const - Finish Vertical Siding: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Laminate, Linoleum
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Possible Bedrooms: 5
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, Breakfast Bar, 3/4 Bath Master Bdrm
  • Living Area: 2880.0
  • Stories: 2
  • Window Features: Skylight(s)
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block, Chain Link
  • Lot Features: Gravel/Stone Front, Gravel/Stone Back
  • Pool Features: None
  • Disclosures: Seller Discl Avail
  • Construction Type: Vertical Siding, Wood Frame
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Circular Driveway
  • Attached Garage: No
  • Parking Features:Circular Drive: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Mini Split, Window/Wall Unit
  • Heating: Mini Split, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes
  • Heating:Mini Split2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Payson Elementary School
  • High School: Payson High School
  • Junior High Dist: Payson Unified District
  • Middle Or Junior School: Rim Country Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7497.0
  • Parcel #: 304-03-038

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 1996.0
  • Tax Book Number: 304.00
  • Tax Lot: 41 & 40
  • Tax Map Number: 3.00

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 Sold $430,000 -3.4% $149 / Sq Ft
06/07/2025 06/07/25 Pending -- -- --
05/27/2025 05/27/25 For Sale $445,000 +38.6% $155 / Sq Ft
03/29/2021 03/29/21 Sold $321,000 -3.9% $43 / Sq Ft
03/02/2021 03/02/21 Pending -- -- --
02/04/2021 02/04/21 For Sale $334,000 -- $45 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6871957

Arizona Regional Multiple Listing Service (ARMLS)