510 N Possum Lane, Payson, AZ 85541
Local realty services provided by:ERA Young Realty & Investment
510 N Possum Lane,Payson, AZ 85541
$407,000
- 3 Beds
- 2 Baths
- 1,423 sq. ft.
- Single family
- Active
Listed by:richard blaine wiggins
Office:homesmart
MLS#:255998
Source:AZ_WMAR
Price summary
- Price:$407,000
- Price per sq. ft.:$286.02
- Monthly HOA dues:$20
About this home
**NOW LISTED $26,000 BELOW APPRAISAL!** Nestled on the outskirts of Payson, this cozy cabin offers the ideal blend of rustic charm & modern convenience. Surrounded by scenic beauty & wildlife, all while having access to amazing amenities & outdoor recreation. This upgraded mountain home has been thoughtfully remodeled for comfort & style. Highlights include a new $40k Septic System in '24, new HVAC in '21, & full remodel. The kitchen has been transformed w/ stunning granite counters & a convenient coffee bar. New wood laminate flooring, paint, & trim provide a cozy feel. The fully upgraded bathroom offers contemporary finishes, with three large Bedrooms D/S. The finished attic provides a large 2nd family room & 4th sleeping area/bedroom! Ask about an option to add a 2nd Bath! Keep Reading Additional upgrades include a brand-new front door, a new slider door in the master bedroom that opens to the outdoors, and freshly installed closet doors in all the bedrooms. The home has been freshly painted with new trim throughout, giving it a bright and airy feel. Other recent improvements include the expanded patio area, the perfect spot to roast marshmallows or listen to the wind whip through the pine trees, and a full roof replacement on the storage shed, both completed in 2022. Currently, the home has three bedrooms + a 4th loft bedroom and one bathroom. The owners have received a bid to add a 2nd bathroom downstairs which would reduce the downstairs bedrooms from 3 to 2, but would add the 2nd bathroom. The cost to do this would be $20k (see bid in Docs tab).
**If you'd like to add a second bathroom, the sellers are offering a $20,000 credit to cover that bathroom addition at a sale price of $427,000!!! As the home appraised for $433,000 as-is, even with the $427,000 sale price, you'd still be under appraised value AND would get a brand new bathroom! For those looking for an investment opportunity, this cabin is currently an active and successful Airbnb averaging close to $30,0000 in rental revenue annually. The furnishings are also available, allowing you to take on renal cash flow on Day 1! Enjoy the serene, nature-filled environment while taking advantage of the incredible community amenities of Beaver Valley, including a community center with tennis, basketball, and pickleball courts, a playground and park, and seasonal events. And if that isn't enough, the East Verde River runs through the neighborhood and is stocked with fish seasonally, perfect for fishing enthusiasts! Hiking trails and miles of National Forest access are just moments away, making this the ultimate outdoor retreat. This beautiful cabin is move-in ready, offering everything you need to relax, unwind, and experience the best of Arizona mountain living for many years to come. Come see it for yourself!
Contact an agent
Home facts
- Year built:2001
- Listing Id #:255998
- Added:60 day(s) ago
- Updated:August 03, 2025 at 02:41 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,423 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Electric, Forced Air, Heating
Structure and exterior
- Year built:2001
- Building area:1,423 sq. ft.
- Lot area:0.16 Acres
Utilities
- Water:Water Connected
- Sewer:Septic
Finances and disclosures
- Price:$407,000
- Price per sq. ft.:$286.02
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