488 Homestead Ln
Payson, AZ 85541
3 bd 3 ba 2,732 sqft Built 2001 Lot 19,602 sqft single_family
Most recent sale
$700,000
Jun 17, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 25, 2025 | Sold | $925,000 | CentralArizona |
| Aug 12, 2025 | Listed | $985,000 | ArizonaRegionalMLS |
| Jun 17, 2022 | Sold | $700,000 | MLS #86708 |
| May 14, 2022 | Listed | $770,000 | MLS #86708 |
| Mar 6, 2020 | Sold | $591,000 | MLS #80733 |
| Oct 4, 2019 | Price changed | $645,000 | MLS #5945472 |
| Jun 28, 2019 | Listed | $650,000 | MLS #5945472 |
| Sep 20, 2000 | Sold | $85,000 | Public Record |
| Nov 4, 1997 | Sold | $62,000 | Public Record |
| Jun 14, 1995 | Sold | $57,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $59,014 | $2,033 | $61,047 | $5,413 |
| 2023 | $29,397 | $6,240 | $35,637 | $4,980 |
| 2022 | $35,855 | $6,240 | $42,095 | $5,775 |
| 2021 | $35,855 | $6,240 | $42,095 | $5,522 |
| 2020 | $35,855 | $6,240 | $42,095 | $5,389 |
| 2019 | $29,172 | $6,240 | $35,411 | $5,169 |
| 2018 | $29,172 | $6,240 | $35,411 | $4,093 |
| 2017 | $22,040 | $5,973 | $28,012 | $4,385 |
| 2016 | $26,125 | $5,248 | $31,373 | $4,277 |
| 2015 | $28,447 | $5,105 | $33,552 | $3,880 |
| 2014 | $22,627 | $4,633 | $27,260 | $3,947 |
| 2013 | $21,889 | $4,633 | $26,522 | $4,456 |
| 2012 | $22,969 | $7,472 | $30,441 | $4,029 |
| 2011 | $22,969 | $7,472 | $30,441 | $4,133 |
| 2010 | $24,216 | $11,585 | $35,801 | $3,590 |
| 2009 | $24,216 | $11,585 | $35,801 | $3,433 |
| 2008 | $24,216 | $11,585 | $35,801 | $3,616 |
| 2007 | $30,722 | $7,544 | $38,266 | $3,377 |
Property facts
Year built
2001
Property type
single_family
Stories
2
Beds
3
Baths
3
Living area
2,732 sqft
Lot size
19,602 sqft
ZIP code
85541
City
Payson
Street
Homestead Ln
Coordinates
34.30520, -111.01796
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$4,235
Gross rental yield
7.26%
Implied cap rate
4.72%
Trend-extrapolated value
—
Frequently asked questions
When did 488 Homestead Ln last sell?
488 Homestead Ln most recently sold on Jun 17, 2022 for $700,000.
What is the current tax assessment for 488 Homestead Ln?
The most recent total assessment for 488 Homestead Ln (year 2025) is $61,047 with $5,413 in property tax.
How does 488 Homestead Ln's assessment compare to its last sale price?
The current assessment is 91.3% below the last sale price of $700,000.
When was 488 Homestead Ln built?
488 Homestead Ln was built in 2001.
How does 488 Homestead Ln compare to others on Homestead Ln?
We track 8 other properties on Homestead Ln. Browse the list under "Other properties on Homestead Ln" to compare beds, baths, and sale history.
What are the property facts for 488 Homestead Ln?
488 Homestead Ln is a 3 bed, 3 bath, 2,732 sqft, 19,602 sqft lot single_family.
Is 488 Homestead Ln a flip candidate?
No — 488 Homestead Ln does not appear in our flips dataset.
Is 488 Homestead Ln a tax-appeal candidate?
No — 488 Homestead Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.3%
Implied 1-yr
+9.3%
2026 Q3
$495.9K
2026 Q4
$505.9K
ZIP 85541 — Median Price History + Forecast
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Geography
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