510 N Possum Lane, Payson, AZ 85541 (MLS # 255998)

Price $407,000
Status Active
Beds 3
Baths 2 Baths
Home size 1,423 sqft
Lot Size 6,970 sqft
Days on Market 61
**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!
Property Type(s): Single Family
Last Updated 7/4/2025 Tract Other Areas
Year Built 2001 Community Other Area
County Gila

Price History

Prior to Jun 27, '25 $432,900
Jun 27, '25 - Jul 4, '25 $409,000
Jul 4, '25 - Today $407,000

Additional Details

AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Disposal, Electric Range, Microwave, Refrigerator
AREA Other Area
HEAT Electric, Forced Air
HOA DUES 240
INTERIOR Eat-in Kitchen
LOT 6970 sq ft
LOT DESCRIPTION Corners Marked, Wooded
LOT DIMENSIONS 70 x 98.39 x 70.02 x 99.98
SEWER Septic Tank
STYLE Cabin, Multi-Level
SUBDIVISION Other Areas
UTILITIES Phone Available, Cable Available, Electricity Connected, Water Connected
VIEW Yes
VIEW DESCRIPTION Panoramic
 

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Listed with HomeSmart
©Copyright 2025, Last Updated: 7/15/25 6:07 PM PDT, Listing data deemed reliable but not guaranteed.

This IDX solution is (c) Diverse Solutions 2025.

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