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$665,000 Contingent
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Property Description
Discover this well-maintained custom home offering effortless, single-level living with a low-maintenance exterior. Major updates have already been taken care of, including a new roof (2022) and a new furnace and A/C system (2023). A fully automatic Generac generator ensures you're never without power. Inside, a spacious great room provides a welcoming central living space, while both bedrooms serve as master suites-perfect for comfort and privacy. The attached garage offers flexibility and could easily be converted into a third bedroom if desired. What truly sets this property apart is its incredible workshop and RV garage-one of the best in Payson. The shop measures 46' x 32' and features a 16' x 12' RV door along with a standard garage door. There's also a separate shed and additional storage space behind the shop for all your tools, gear, or hobbies. Pride of ownership shines throughout this one-of-a-kind property.
Full Property Details
Full Property Details for 503 W Locust Rd
General
- Price: $665,000
- Taxes: $2,537 (2024)
- Status: Contingent
- Type: Single Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6883178
- Updated: 1/5/2026
- Added to Site: 210 day(s) ago
Interior
- Interior Features: No Interior Steps, Pantry, 3/4 Bath Master Bdrm
- Appliances: Gas Cooktop
- Flooring: Carpet, Tile
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 2
Exterior
- Exterior Features: Storage, RV Hookup
Parking
- Garage: Yes
- Garage Spaces: 5
- Parking Features: RV Access/Parking, RV Gate, Garage Door Opener, Extended Length Garage, Circular Driveway, Over Height Garage, Separate Strge Area, Detached, RV Garage
Location
- County: Gila
- Subdivision: Unsubdivided
Community
- Assoc. Fees Include: No Fees
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Propane
Utilities
- Water: City Water
Structural Information
- Architectural Style: Ranch,
- Exterior Const.: Stucco, Wood Frame
- Roof: Composition
- Windows: Skylight(s), Dual Pane
- Sq. Ft. Source: Assessor
- Year Built: 1994
Lot Features
- Lot Size (Acres): 0.42
- Lot Size (Sq. Ft.): 18,295
- Lot Size Source: Assessor
- Lot Features: Sprinklers In Rear, Sprinklers In Front, Corner Lot, Desert Back, Desert Front
Financial Considerations
- Tax Amount: $2,537.68
- Tax Year: 2024
- Terms: Cash, Conventional, 1031 Exchange, FHA, VA Loan
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 302-40-040-A
- Lot Number: -
Listed by ERA-Young Realty & Investment
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Schools
Schools serving 503 W Locust Rd
School District:Payson Unified District
| Name | Grades | Distance |
|---|---|---|
Payson Elementary School 500 East Rancho Road, Payson, AZ 85541 | K-2 | 0.9 mi |
Julia Randall Elementary School 902 West Main Street, Payson, AZ 85541 | 3-5 | 1.6 mi |
Rim Country Middle School 304 South Meadow Street, Payson, AZ 85541 | 6-8 | 1.1 mi |
Payson High School 301 North McLane Road, Payson, AZ 85541 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 503 W Locust Rd
Date
Details
Price
Change
Source
11/26/2025
Price Reduced
$665,000
-3.69%
MLS
6/20/2025
Listed
$690,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 503 W Locust Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,634
4%
$41,085
91%
2024
$2,538
4%
$21,531
-42%
2023
$2,442
3%
$37,347
12%
2022
$2,382
2%
$33,453
80%
2021
$2,325
4%
$18,600
—
2020
$2,234
—
$18,600
100%
2020
$2,234
9%
-100%
2018
$2,041
7%
$17,266
-4%
2017
$1,902
-8%
$18,037
19%
2016
$2,072
9%
$15,154
-8%
2015
$1,908
-4%
$16,417
3%
2013
$1,989
—
$15,955
10%
2013
$1,989
—
$14,562
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 503 W Locust Rd
503 W Locust Road, Payson, AZ 85541 (MLS# 6883178) is a Single Family property with 2 bedrooms and 3 full bathrooms. 503 W Locust Road is currently listed for $665,000 and was received on June 20, 2025. Want to learn more about 503 W Locust Road? Do you have questions about finding other Single Family real estate for sale in Payson? You can browse all Payson real estate or contact a Coldwell Banker agent to request more information.

