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$132,500

  • For Sale
  • Active
  • Land Residential
  • 0.14 Acres
  • Updated 11 days ago
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Unique investment opportunity in the heart of Payson. This listing is part of two parcels (55:959:0001 and 55:959:0002 327 N 500 E And 331 N 500 E ) that together complete a twin home lot. Each lot measures .1425 acres for a combined .285 acres. Both lots must be purchased together. The seller is currently developing three lots in the area, and curb, gutter, and all utilities will be stubbed and ready for connection. The location offers convenient access to I-15, Mountain View Hospital, and all the charm of downtown Payson. Build and hold both units as a long-term investment, or live in one side and sell the other to offset costs. A versatile property with great potential-don't miss your chance to own in one of Payson's prime spots.

Full Property Details for 331 N 500 E #2

General

  • Price: $132,500
  • Taxes: $966
  • Status: Active
  • Type: Land Residential
  • Source: WFR
  • MLS ID: 2115495
  • Updated: 1/6/2026
  • Added to Site: 106 day(s) ago

Location

  • Area: Payson; Elk Rg; Salem; Wdhil
  • County: Utah
  • Cross Streets: 500

School Information

  • Elem School District: Nebo
  • Midd School District: Nebo
  • High School District: Nebo
  • Elementary School: Barnett
  • Middle School: Payson Jr
  • High School: Payson

Utilities

  • Sewer: Sewer: Public
  • Utility Description: Sewer: Public, Gas: Stubbed, Power: Stubbed, Sewer: Stubbed

Structural Information

  • Current Bldg. Use: Residential
  • Property Condition: Blt./Standing

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Size (Sq. Ft.): 6,098.4
  • Lot Size: .14
  • Lot Features: Curb & Gutter

Financial Considerations

  • Tax Amount: $966
  • Terms: Cash

Disclosures and Reports

  • Property ID: 55-985-0001

Listed by Kw Westfield

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Listing agent

— 331 N 500 E #2 —

  • Kw Westfield

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 331 N 500 E #2

School District:Nebo School District
NameGradesDistance
Barnett School
456 North 300 East, Payson, UT 84651
PK-50.2 mi
Salem Junior High School
598 North Main Street, Salem, UT 84653
8-93.1 mi
Valley View Middle
1044 East 340 South, Salem, UT 84653
6-73.9 mi
Salem Hills High School
150 N Skyhawk Blvd, Salem, UT 84653
10-122.7 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 331 N 500 E #2 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/06/2026
Price Reduced
$132,500
-7.02%
MLS
10/30/2025
Price Reduced
$142,500
-50%
MLS
10/03/2025
Listed
$285,000
—
MLS
Get Price Alerts and Save Property
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 for 331 N 500 E #2

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,135
17%
$114,100
16%
2024
$967
—
$98,400
—
2023
$964
—
$98,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

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NMLS#: 1598647

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Listed by Kw Westfield

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331 N 500 E #2, Payson, UT 84651 (MLS# 2115495) is a Land Residential property with a lot size of 0.14 acres. 331 N 500 E #2 is currently listed for $132,500 and was received on October 03, 2025. Want to learn more about 331 N 500 E #2? Do you have questions about finding other Land Residential real estate for sale in Payson? You can browse all Payson real estate or contact a Coldwell Banker agent to request more information.

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