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Phoenix 85353 Estrella
8618 W PAYSON Road
Photo of 8618 W PAYSON Road
Sold on May 29, 2025

49

Map

Photo of 8618 W PAYSON Road
Photo of 8618 W PAYSON Road
$440,000
● House - Off Market

8618 W PAYSON Road

Tolleson, AZ 85353
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,228 Ft²
$2,528
Est. Monthly
$237
HOA / Fees
6.76%
Cap Rate

About This Property

Professional photos coming soon

This spacious 5-bedroom, 3-bath, two-story home is perfect for a large family and offers a downstairs bedroom and full bath-ideal for guests! Upstairs, a large loft provides additional living space, perfect for a playroom, office, or entertainment area. The master suite features a walk-in closet and full bath for a private retreat. The inviting kitchen boasts white cabinetry, laminate countertops, and a breakfast bar, creating a bright and functional space. Step outside to the covered back patio, overlooking a serene yard with lush grass and mature trees, ready for your personal touch. Located close to Parks, this home offers both comfort and convenience - don't miss out!
Unit Size
2,228 Ft²
Days on Market
72 days
Land Size
0.11 acres
Price per sqft
$197
Property Type
House
Property Taxes
$130
HOA Dues
$237
Year Built
2006

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 5 months ago (ARMLS #6830423)

Price History

Date / Event Date Event Price
May 29, 2025 Sold
Premium
Sold
Apr 25, 2025 In contract -
In contract
Mar 5, 2025 Listed by My Home Group Real Estate $440,000
Listed by My Home Group Real Estate
Nov 30, 2023 Sold
Premium
Sold
Oct 27, 2023 Listed by My Home Group Real Estate $410,000
Listed by My Home Group Real Estate
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 4
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 38
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 82

    Dimensions

  • Lot Size Square Feet: 4,996
  • Total Building Area: 2,228
  • Gross Building Area: 2,228
  • Building Area: 2,228
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 2,228
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 83RD AVE & LOWER BUCKEYE RD
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 0131
  • State Land Use Code: 0131
  • Legal Description 1: 83RD AVE & LOWER BUCKEYE RD MCR 588-36

Neighborhood

  • School District Name: Tolleson Union High School District
  • Census Tract: 082206

Zoning

  • Zoning: R-8

Geography

  • Assessors Map Reference: 58836
  • Parcel: 101-30-022
  • Lot: 14
  • Meridian: SEC 22 TWN 1N RNG 1E
  • Municipality: PHOENIX
  • Latitude: 33.4219
  • Longitude: -112.245

    Address

  • Full Address: 8618 W Payson Rd
  • Address - House Number: 8618
  • Street Direction: W
  • Address - Street Name: Payson
  • Address - Suffix Type: Rd
  • State: AZ
  • City Name: Tolleson
  • Carrier Code: R007
  • 4-Digit Zip Code: 7628
  • Zip Code: 85353

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $153,814
  • Tax Rate Code Area: 621300

    Appraisal Valuation

  • Standard Deviation: 0.1353
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 84
  • Final Value: 418,664
  • High Value: 475,324
  • Low Value: 362,004

    Market Valuation

  • Market Total Value: $287,100
  • Market Land Value: $57,400
  • Market Improvement Value: $229,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,710
  • Assessed Land Value: $5,740
  • Assessed Improvements Value: $22,970

    Sales

  • Current Sale Contract Date: Nov 30, 2023
  • Current Sale Recording Date: Nov 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 612433
  • Previous Sale Recording Date: Nov 30, 2015
  • Previous Sale Contract Date: Aug 31, 2015
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: 71
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 Estrella

Stats & Trends

Median Asking:

$385,000

Sale Price/ft²

$217

Below Asking

0.01%

Average Days on Market

71

Average Home Size

1887 ft²

Average Home Age

18.2 years

Currently For Sale

196 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

Unit for rent at 9123 W Heber Road, Tolleson, AZ, 85353

$2,850 /mo

  • 5 Beds
  • 3 Baths
  • 2,878 ft²
9123 W Heber Road, Tolleson, AZ, 85353 Listing by Emely Lopez

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: George Laughton, My Home Group Real Estate
Last Updated: 5 months ago
Data Source: ARMLS, MLS# 6830423
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 8618 West Payson Road built and last sold?
The property at 8618 West Payson Road was built in 2006 and last sold on Nov 30, 2023 for $410,000.
How much is this home worth?
The estimated value of the home located at 8618 West Payson Road is $0.
What are some comparable homes to 8618 West Payson Road?
There are currently no comparable homes to 8618 West Payson Road.
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