518 N COLCORD Road, Payson, AZ 85541

$348,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,512 Lot Size (sq. ft.): 11,647 Status: Closed
Current Price: $348,000 Last Modified: 3/13/2026

Overview

Description

Versatile Payson Property with Guest Studio, NO HOA & .27 Acre Lot. Rare opportunity to own a flexible property featuring a 2 bedroom, 1 bath main home (1,080 sq ft) plus a 400 sq ft studio space setup for extra living, has a full bath and kitchen area -- possible rental income, multigenerational living, home office, or small business use. Main home was updated in the early 80's. The main residence offers comfortable living space with room for a dedicated office or bonus area, making it ideal for remote work or hobby space. The detached studio (ADU-style setup) provides excellent privacy and income potential with its own kitchen and full bathroom. Situated on a .27 acre, 100% flat and usable lot, this property features a large fenced yard, abundant parking, and low-maintenance zero-scaped

Supplements: landscaping that is beautifully manicured and easy to care for. Located with convenient access to parks, grocery stores, restaurants, and local amenities, this property combines flexibility, functionality, and investment potential -- all with NO HOA restrictions.

Listing Details MLS# 6986430

Location, Tax & Legal

House Number
518
Compass
N
Street Name
COLCORD
St Suffix
Road
City/Town Code
Payson
State/Province
AZ
Zip Code
85541
Zip4
3720
Country
US
County Code
Gila
Assessor Number
302-64-139
Subdivision
PAYSON NORTH 1
Tax Year
2025

Contract Information

Type
Exclusive Right To Sell
Ownership
Fee Simple
Co-Ownership (Fractional) Agreement YN
No

General Property Description

Dwelling Type
Single Family Residence
Dwelling Styles
Detached
Exterior Stories
2
# of Interior Levels
2
# Bedrooms
3
Full Bathrooms
2
Total Bathrooms
2
Approx SQFT
1512
Price/SqFt
230.15
Horses
N
Builder Name
Unknown
Year Built
1970
Lead Based Hazard Disclosure
No
Approx Lot SqFt
11647
Approx Lot Acres
0.267
Community Pool Y/N
No
Private Pool Y/N
No
Fireplace YN
Yes
Fireplaces Total
Yes
Elementary School District
Payson Unified District
High School District
Payson Unified District
Elementary School
Julia Randall Elementary School
Jr. High School
Rim Country Middle School
High School
Payson High School

Remarks Misc

Cross Street
Hwy 87 North
Directions
Hwy 87 North in Payson, West on Forest Drive, Left on Colcord Road, Right on Colcord Road, home on right with sign.

Status Change Info

Off Market Date
2026-03-04
Under Contract Date
2026-03-03
Close of Escrow Date
2026-03-12

Legal Info

Township
11N
Range
10E
Section
34
Lot Number
139

More Information

Basement

Basement Y/N
N

Parking Spaces

Carport Spaces
2
Total Covered Spaces
2

Showing Notification Methods

Showing Service
No Showing Service Used

Sold Info

Loan Type
Cash
Closing Cost Split
Buyer - B
Buyer Concession $/%
%
Seller Concession $/%
%

Property Features

Special Listing Cond: N/A Add'l Property Use: Ranch Architecture: Cabin; Ranch View: Trees/Woods Master Bathroom: Full Bth Master Bdrm Master Bedroom: Downstairs Fireplace Features: Wood Burning; Fireplace Living Rm Flooring: Carpet; Linoleum Spa: None Dining Area: Eat-in Kitchen Kitchen Features: Gas Oven; Gas Range; Dishwasher; Refrigerator Laundry: Washer Included; Dryer Included Other Rooms: Loft Exterior Features: Covered Patio(s); Separate Guest House; Storage Other Structures: Shed(s) Construction: Wood Frame Const - Finish: Wood Siding Roofing: Composition; Metal Cooling: Evaporative Cooling; Ceiling Fan(s) Heating: Propane; Electric Utilities: City Electric; Propane Water Source: City Water Sewer: Sewer - Public Fencing: Chain Link Landscaping: Dirt Front Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Supra Possession: Close of Escrow Association Fee Incl: No Fees Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Disclosures: Seller Discl Avail
IDX
Listing Office: Real Broker
Office Phone: 602-755-3415
Office Email: Membership@TheRealBrokerage.com
Last Updated: March - 13 - 2026
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