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$475,000

Beds
2
Baths
1.0
sq ft
1,232

2092 East Lance Drive, Payson, AZ 85541

2092 East Lance Drive

Payson, AZ 85541

  • 99 days on market
    • Price drop $25,000↓
Elk Surprise Hillside Hideaway is a modern rustic log home offering luxury, comfort, and year-round access in a peaceful setting. Enjoy breathtaking mountain views, fresh air, and high-end amenities, perfect as a getaway or vacation rental. The open floor plan enhances gatherings, with Knotty Pine ceilings, stained concrete floors, cherry cabinetry, granite countertops, and a large kitchen island. The master suite features a travertine shower, dual vanities, and private toilet room. Outdoors, relax on 900+ sqft of deck space. Upgrades include a 5-stage water purification catchment system, central HVAC (2019), and a new water heater (2016). Fully furnished and ready for rental success. Sale contingent on purchasing adjacent lot at 2088 E Lance Dr. Upgrades include a 5-stage rainwater purification system, central HVAC (2019), and a new water heater (2016). Fully furnished and equipped for vacation rental success, this property offers exceptional value with both luxury and charm. Please note that the sale of this home is contingent upon the Buyer's purchase of the adjacent lot at 2088 E Lance Dr. MLS#

Details

Property type

Single Family Residence

Est. home value

$435,999

Lot size

0.52 acres

Price per sq ft

$386

Year built

2008

Annual property taxes

$2,662

HOA

No

Price History

01/24/2025
ArizonaRegional

ArizonaRegional #6772939

Price change
$475,000
-5%
10/18/2024
ArizonaRegional

ArizonaRegional #6772939

Listed
$500,000
+56.25%
09/11/2020
ArizonaRegional

ArizonaRegional #6086318

Sold
$320,000

Schools & Community

Elementary school: 

Out of Maricopa Cnty

Middle school: 

Out of Maricopa Cnty

High school: 

Out of Maricopa Cnty

High school district: 

Payson Unified District

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$182,803
Asking price
$475,000
Closing costs (~8% of asking)
-$38,000
Est. remaining loan balance
-$254,197
Cash to seller
$182,803

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Cardinal Financial Company Lp

Loan start date

August 2020

Original loan amount

$280,800

Est. remaining balance

$254,197

Interest rate

3.03%

Loan type

New Conventional, 30 year

Seller

Daniel Aaron Covington and Alexis Elizabeth Zraket

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 01/25/2025 at 11:25 PM

Listing updated: 01/24/2025 at 12:21 PM

Listed by: Mark Lester, ARRT of Real Estate Phone #: (480) 300-7776

MLS: ArizonaRegional #6772939

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