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East Verde Estates 85541
389 N NELLIE Drive
Photo of 389 N NELLIE Drive

34

Map

Photo of 389 N NELLIE Drive
Photo of 389 N NELLIE Drive
$149,900
● House - For Sale

389 N NELLIE Drive

Payson, AZ 85541
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$791
Est. Monthly

About This Property

Affordable FIXER-UPPER opportunity in East Verde Estates, just minutes north of Payson. CASH or Hard Money. Situated on a spacious double lot overlooking the valley, this property is ready for someone with a vision to bring it back to life and create their own mountain getaway. The real draw is the location. East Verde Estates is a unique mountain community surrounded by the Tonto National Forest and offers private resident access to the East Verde River. Enjoy cooler temperatures, mountain views, wildlife and outdoor recreation while still being a short drive from Payson. The home needs work and is priced accordingly, making it a great opportunity for an investor cabin project or buyer looking for an affordable place in the mountains. Opportunities at this price point are hard to come by!
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$149
Property Type
House
Property Taxes
$55
HOA Dues
-
Year Built
1910

Listed By

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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 days ago (ARMLS #7090989)

Price History

Date / Event Date Event Price
Oct 7, 2026 Listed by Fathom Realty Elite $149,900
Listed by Fathom Realty Elite

Property Highlights

Interior Details
Interior Features: High Speed Internet, Vaulted Ceiling(s), Full Bth Master Bdrm
Laundry Features: Wshr/Dry HookUp Only
Exterior Details
Square Footage: 1008
Square Footage Source: $0
Property Condition: Fixer
Architectural Style: Cabin
Year Built: 1966
Builder Name: Unknown
Building Area Total: 1008
Other Structures: Shed(s)
Building Area Units: Square Feet
Construction Materials: Wood Siding, Wood Siding
Patio and Porch Features: Private Yard
Lot Features: Gravel/Stone Front, Gravel/Stone Back
Lot Size Area: 11382
Lot Size Units: Square Feet
Lot Size Acres: 0.26
Lot Size Square Feet: 11382
Tax Lot: 79
Water Source: Pvt Water Company
Financial Details
Tax Map Number: 31.00
Tax Annual Amount: $657
Utilities Details
Cooling Type: Ceiling Fan(s)
Heating Type: Heat Pump
Sewer : Alternative System
Location Details
HOA/Condo/Coop Fee Includes: No Fees
HOA/Condo/Coop Amenities: None

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Bedroom Count: 0
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 1
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 648
  • Building Area: 648
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 14
  • Heated Square Feet: 648
  • Heating Fuel Type: 5

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EAST VERDE PARK
  • Land Acres: 0000000260
  • Standard Land Use Code: 1008
  • County Land Use Code: 0123
  • Legal Description 1: SECTION: 18 TOWNSHIP: 11N RANGE: 10E LOTS 79 & 80 EAST VERDE PARK #1; SEC 18 T11N R10E;=0.26 AC M/L (COMB PCLS 302-31-080 & 082A)

Neighborhood

  • School District Name: Payson Unified District
  • Census Tract: 000302

Geography

  • Assessors Map Reference: PM 302-31
  • Account Number: R021759
  • Parcel: 302-31-082C
  • Lot: 79-80
  • Meridian: SEC 18 TWN 11N RNG 10E
  • Latitude: 34.2957
  • Longitude: -111.366

    Address

  • Full Address: 389 N Nellie Dr
  • Address - House Number: 389
  • Street Direction: N
  • Address - Street Name: Nellie
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Payson
  • Carrier Code: H003
  • 4-Digit Zip Code: 2420
  • Zip Code: 85541

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $62,300
  • Initial Tax Delinquent Year: 2023
  • Tax Rate Code Area: 1082

    Appraisal Valuation

  • Standard Deviation: 0.2115
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 222,704
  • High Value: 269,825
  • Low Value: 175,584

    Market Valuation

  • Market Total Value: $94,795
  • Market Land Value: $37,916
  • Market Improvement Value: $56,879

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $9,480
  • Assessed Land Value: $3,792
  • Assessed Improvements Value: $5,688
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About East Verde Estates

Stats & Trends

Median Asking:

$525,000

Sale Price/ft²

$441

Below Asking

0.06%

Average Days on Market

143

Average Home Size

1366 ft²

Average Home Age

43.8 years

Currently For Sale

5 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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ARMLS

Listed by: Edwin Marc, Fathom Realty Elite
Last Updated: 4 days ago
Data Source: ARMLS, MLS# 7090989
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 389 North Nellie Drive built and last sold?
The property at 389 North Nellie Drive was built in 1910 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 389 North Nellie Drive is $157,853.
What are some comparable homes to 389 North Nellie Drive?
There are currently no comparable homes to 389 North Nellie Drive.
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