Closed

$425,000

118 W Aero Dr, Payson, AZ 85541

5beds

0baths

2,851sqft

Multi Family

Built in 1962

-- sqft lot

$448,100 Zestimate^®

$149/sqft

$1,322 Estimated rent

Home value

$448,100

$417,000 - $484,000

$1,322/mo

Zestimate^® history

Owner options

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$1,322/mo

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$1,322/mo

Rent Zestimate^®

Refinance and save

$2,507/mo

Est. payment

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$2,507/mo

Est. payment

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What's special

Single lev. l 5 unit building. 2 studio units, 2 2 bedroom 1 bath units and 1 1 bedroom 1 bath Monthly Gross Rents $3925

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 0

Heating

Forced Air

Cooling

Individual A/C

Appliances

Included: Refrigerator, Range/Oven

Features

Flooring: Carpet, Tile, Vinyl, Other
Has basement: No

Interior area

Total structure area: 2,851
Total interior livable area: 2,851 sqft

Property

Parking

Total spaces: 8

Features

Levels: One
Stories: 1

Lot

Size: 0.35 Acres
Dimensions: 114.51 x 138.73 x 82.3 x 158.18
Features: Corner Lot

Details

Parcel number: 30416239F
Zoning: R3

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Frame, Brick, Wood Siding
Roof: Asphalt/Comp Shingle

Condition

Year built: 1962

Details

Warranty included: Yes

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: Unsubdivided

Location

Region: Payson

Financial & listing details

Price per square foot: $149/sqft
Tax assessed value: $315,738
Annual tax amount: $1,622
Date on market: 2/6/2024
Road surface type: Blacktop Street

Price history

Date	Event	Price
6/1/2026	Listing removed	$1,050
Source: Zillow Rentals Report a problem
4/7/2026	Listed for rent	$1,050
Source: Zillow Rentals Report a problem
8/9/2024	Sold	$425,000-11.4%$149/sqft
Source: CAAR #89718 Report a problem
4/22/2024	Price change	$479,900-4%$168/sqft
Source: CAAR #89718 Report a problem
2/6/2024	Listed for sale	$499,900+108.3%$175/sqft
Source: CAAR #89718 Report a problem
11/1/2017	Sold	$240,000$84/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	$1,738 +3.8%	$31,574 +10.2%
2025	$1,674 +3.3%	$28,640 +77%
2024	$1,622 +3.2%	$16,180
2023	$1,572 +6.5%	--
2022	$1,475 +4.1%	--
2021	$1,417 +9.5%	--
2019	$1,295 +2.8%	--
2018	$1,259 -6.7%	--
2017	$1,349	--
2016	$1,349 +2.5%	--
2015	$1,316	--
2014	--	--
2013	--	$10,160
2012	--	$10,160
2011	--	$10,160
2010	--	$10,160
2009	--	--
2008	$1,089	--
2007	--	--
2006	$1,138	--
2005	--	--
2004	--	--
2003	--	--
2002	--	--