NOT LISTED FOR SALE

607 S Colcord Rd Payson, AZ 85541

Payson Area

Estimated Value: $135,985 - $365,000

Studio
-- Bath
460 Sq Ft
$524/Sq Ft Est. Value

Sale Details

Date Sold: November 30, 2018

Last sale price $85,000 $185 Per Sq Ft

Est. 184% increase in value since last sale

Current estimated payment $1,379 / mo

31 Days on Market

Highlights

  • Wood Flooring
  • Covered Patio or Porch
  • 1-Story Property
  • No HOA
  • Shed
  • Landscaped

About This Home

As of November 2018

INVESTOR PROPERTY! FIVE UNITS, ONE SITE BUILT AND 4 SINGLE-WIDES. THREE OF THE FIVE ARE CURRENTLY RENTED $525 FOR THE LITTLE HOUSE. UNIT A IS $650,NUNITS B & C ARE VACANT. UNIT D IS $600 MONTHPROPERTY IS TWO LOTS, ZONED R-3 & C-2.A DETAIL SHEET ACCOMPANIES THIS LISTING SHOWING WHAT THE HOMES CAME WITH WHEN PURCHASED SEVERAL YEARS AGO.BUYER TO VERIFY. SELLER HAS NO KNOWLEDGE OF DETAILED PROPERTY AMMENITIES. WATER, SEWER, TRASH PAID BY LANDLORD. TENANT OCCUPIED. INTERESTED INVESTOR MUST HAVE VERIFIABLE CASH FUNDS AVAILABLE FOR SHOWING AND TENANTS NEED 48 HOUR NOTICE.CALL LISTING AGENT WITH ANY QUESTIONS. PLEASE DO NOT DISTURB TENANTS.

Last Agent to Sell the Property

Bonnie Jo

PAYSON REALTY License #BR551602000 Listed on: 09/10/2018

Last Buyer's Agent

Bonnie Jo

PAYSON REALTY License #BR551602000 Listed on: 09/10/2018

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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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,573

Year Built

  • Built in 1972

Lot Details

  • 23,522 Sq Ft Lot
  • South Facing Home
  • Dog Run
  • Partially Fenced Property
  • Chain Link Fence
  • Landscaped

Parking

  • 8 Parking Spaces

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property

Flooring

  • Wood
  • Carpet
  • Concrete
  • Vinyl

Outdoor Features

  • Covered Patio or Porch
  • Shed

Utilities

  • Central Air
  • Evaporated cooling system
  • Heating System Uses Propane

Community Details

  • No Home Owners Association
  • 5 Units

Listing and Financial Details

  • Home warranty included in the sale of the property
  • The owner pays for sewer, trash, water
  • Tax Lot 36,37,38,39
  • Assessor Parcel Number 304-03-036 & 033B

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,573

Year Built

Built in 1972

Lot Details

0.54 Acres

Listing Details

  • FILLACRES: 0.54
  • Cooling N A Other: VARIETY
  • House Faces: S
  • Directions: HWY 87 TO WEST ON WADE LANE TO LEFT ON COLCORD TO SIGN ON LEFT.
  • Fireplace Woodstove N A Other: YES
  • Floor Covering N A Other: VARIETY
  • Heating N A Other: CENTRAL
  • Homeowners Assoc N A Other: YES
  • Interior Features Other: VARIETY
  • Listing Member Name: Bonnie Jo Dorris
  • Listing Office Short Id: 281
  • List Type: Exclusive ARS
  • Location N A Other: YES
  • Lot Street Improvem: Blacktop Street
  • Property Sub Type: Other
  • Prop. Type: Multi-Family
  • Roof N A Other: YES
  • Selling Member Short Id: BD0135
  • Sub Code: Mogollon Rim Add P3
  • Tract Suffix: Road
  • Warranty Program: Yes
  • Year Built: 1972
  • Garage Carport N A Other: YES
  • Property Features: Chain Link, Partially Fenced
  • Income Sales Info Cap Rate: 10 - 10.9%
  • Income Sales Info Down Payment: CLO
  • Income Sales Info Net Operating Income: CLO
  • Loan Info1 St Assumable: No
  • Loan Info Accelerate: No
  • Loan Info Cash To Assume: 245000.00
  • Loan Info Must Qualify: Yes
  • Type Style: Single Level
  • Documents On Fle: Legal Description, Plat Map
  • Exchange N A Other: YES
  • Existing Finance Fee: Free & Clear
  • Utilties Available: Cable TV/Satellite, Electricity, Individual Meter, Internet Hook Up, Propane Piped, Sewer Hooked In, Telephone, Town of Payson Water, Trash
  • Special Features: None

Interior Features

  • Floor Type: Slab, Wood
  • Floor Covering: Carpeting, Vinyl
  • Foreclosure: No
  • Legal Description: L/L

Exterior Features

  • Exterior Construction: Wood Frame
  • Exterior Features: Covered Patio, Dog Run, Landscaped, Porch/Deck, Storage/Utility Shed
  • Flood Zone: None
  • Lot Number: 36,37,38,39
  • Roof: Asphalt/Comp Shingle
  • Exterior Construction: Wood

Garage/Parking

  • Number Parking Spaces: 8.00

Utilities

  • Cooling: Central, Evaporative
  • Heating: Propane

Condo/Co-op/Association

  • HOA: No
  • Condo Management: Owner/Family
  • Number of Units: 5

Fee Information

  • Taxes: 1573.06

Lot Info

  • Assessor Parcel Number: 304-03-036 & 033B
  • Lot Dimensions: IRREGULAR
  • Zoning: R-3
  • Land Size: 0.54

Building Info

  • Building Size: 4156.00

Rental Info

  • Included In Rent: Sewer, Trash, Water

Tax Info

  • Year: 2017

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2023
Sold by
Bought by
Current Estimated Value
$240,996

Purchase Details

Listed on
Sep 10, 2018
Closed on
Nov 1, 2018
Sold by
Bought by
Seller's Agent
Bonnie Jo
PAYSON REALTY
Buyer's Agent
Bonnie Jo
PAYSON REALTY
List Price
$245,000
Sold Price
$85,000
Premium/Discount to List
-$160,000
-65.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.45%
Original Mortgage
$85,000
Interest Rate
4.8%
Mortgage Type
Commercial
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$85,000 Pioneer Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $85,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/30/2018 11/30/18 Sold $85,000 -65.3% $185 / Sq Ft
10/11/2018 10/11/18 Pending -- -- --
09/10/2018 09/10/18 For Sale $245,000 -- $533 / Sq Ft
Source: Central Arizona Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $658 $10,612 $5,570 $5,042
2025 $658 --
2024 $614 $8,397 $3,304 $5,093
2023 $614 $7,549 $3,230 $4,319
2022 $595 $6,497 $3,230 $3,267
2021 $558 $6,497 $3,230 $3,267
2020 $536 $0 $0 $0
2019 $521 $0 $0 $0
2018 $490 $0 $0 $0
2017 $457 $0 $0 $0
2016 $447 $0 $0 $0
2015 $421 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Bonnie Jo

    PAYSON REALTY

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Map

Source: Central Arizona Association of REALTORS®

MLS Number: 79022

Central Arizona Association of REALTORS®

APN: 304-03-036

Arizona Gila County Payson 85541

607 S Colcord Rd, Payson, AZ

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.

Central Arizona Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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