487 W MEMORY Lane, Payson, AZ 85541
Property image
Property image
SOLD
MAY 7, 2026

487 W MEMORY Lane
Payson, AZ 85541

  • 4 Beds
  • 3 Baths
  • 2,771 sqft (on 2.45 acres)

$962,600

Last Sold: May 7, 2026
7% over list $899K
$347/sqft
Est. Refi. Payment $5,324/mo*
Refinance Your Home

$962,600

Last Sold: May 7, 2026
7% over list $899K
$347/sqft
Est. Refi. Payment $5,324/mo*
Refinance Your Home
4 Beds
3 Baths
2,771 sqft
(on 2.45 acres)

Local Information

  • Map ViewExplore the area around 487 W MEMORY Lane.
  • Schools1 Preschool School2 Elementary Schools2 Middle Schools2 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1991
Lot Size
2.45 acres
Living Area
2,771 sqft
Price/Sqft
$347/sqft
Parking
Garage
HOA
$124/Monthly

About this House

Full log cabin on a 2.45-acre lot backing to USFS and Common Area in the gated community of Hunter Creek. The community has paved roads, sewer and the ADWR deemed the well to be sufficient for the demands of the subdivision for one hundred years. The location is very private with four bedrooms, three baths, wood floors, vaulted ceilings, and the master bedroom on the main floor. Master has rock fireplace and French doors lead to the expansive deck. There is 673 sq ft of covered deck and 603 sq ft of open deck. A huge, covered portion of the deck wraps around to Master bedroom deck area. There is also a 2-car garage and room for storage. With the huge lot and features like an upper back deck looking out over the forest, you would have a hard time finding anything close to a property like this!
487 W MEMORY Lane, Payson, AZ 85541 is a 4 bedroom, 3 bathroom, 2,771 sqft single-family home built in 1991. It last sold for $962,600 on May 7, 2026 (7% above the $899,000 asking price). It is currently off market. The Trulia Estimate is $922,400, with a rent estimate of $3,896/month.

Home Details for 487 W MEMORY Lane

Interior Features

Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 3
Dimensions and Layout
Living Area: 2771 Square Feet
Heating & Cooling
Heating: ElectricHas CoolingAir Conditioning: Central Air,Ceiling Fan(s)Has HeatingHeating Fuel: Electric
Fireplace & Spa
Fireplace: Living Room, Master BedroomSpa: NoneHas a Fireplace
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2

Exterior Features

Exterior Home Features
Roof: MetalFencing: NoneNo Private Pool
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageParking Spaces: 2Parking: Garage
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Private Sewer
Farm & Range
Not Allowed to Raise Horses

Days on Market

Cumulative Days on Market: 4

Property Information

Year Built
Year Built: 1991
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: OtherNot Attached Property
Property Information
Parcel Number: 30307099

Price & Status

Price
List Price: $899,000Price Per Sqft: $347/sqft
Status Change & Dates
Off Market Date: Mon Jun 19 2023Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: PaysonCommunity: HUNTER CREEK RANCH
School Information
Elementary School: Out of Maricopa CntyJr High / Middle School: Out of Maricopa CntyHigh School: Out of Maricopa Cnty

Building

Building Area
Building Area: 2771 Square Feet

HOA

HOA Fee Includes: Sewer, Street MaintHOA Name: Hunter Creek RanchHOA Phone: 509-481-0031Has an HOAHOA Fee: $1,490/Annually

Lot Information

Lot Area: 2.4469 Acres

Offer

Listing Terms: Cash, Conventional

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: 6569307
Last check for updates: about 10 hours ago
Listed by Garth M Linkey
Realty Executives Arizona Territory
Bought with: Barbara Holtzen, (928) 793-2272, West USA Realty
Source: ARMLS, MLS#6569307
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Price History for 487 W MEMORY Lane

DatePriceEventSource
05/07/2026$962,600Sold
N/A
07/07/2023$899,000Sold
ARMLS #6569307
06/20/2023$899,000PendingARMLS #6569307
06/15/2023$899,000Listed For SaleARMLS #6569307
05/15/2013$525,000Sold
N/A
12/16/2012$590,000Listed For SaleAgent Provided
02/04/2010$500,000Sold
N/A

Market trends in Payson

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$460K
$3.33KMoM
Sale-to-List Price
98.2%
0.1%MoM
Price per sq ft
$314
$3MoM
Available listings
319
10MoM
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Property Tax and Assessment

Year2026
Tax$5,967
Assessment$766,240
Home facts updated by county records

Comparable Sales for 487 W MEMORY Lane

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
194 S Louie Circle, Payson, AZ
0.28
Single-Family Home
$950,000
06/29/26
4
3
3,000
169 E Green Apple Ln, Payson, AZ
0.21
Single-Family Home
$850,000
12/12/25
4
2.5
1,991
488 W Homestead Ln, Payson, AZ
0.21
Single-Family Home
$925,000
09/25/25
3
2.5
2,732
269 W Homestead Ln, Payson, AZ
0.24
Single-Family Home
$670,000
01/12/26
4
3
2,468
462 W Homestead Ln, Payson, AZ
0.21
Single-Family Home
$1,070,000
09/17/25
4
3.5
4,818
138 S Wild Rose Dr, Payson, AZ
0.42
Single-Family Home
$825,000
05/27/26
3
3
2,314
1305 S Hunter Creek Dr, Payson, AZ
0.49
Single-Family Home
$700,000
07/10/26
3
3
1,831
166 N Wild Cat Cir, Payson, AZ
0.52
Single-Family Home
$695,000
11/26/25
3
2
1,812

Nearby homes

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Assigned Schools

These are the assigned schools for 487 W MEMORY Lane.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Payson

At least 89 Trulia users voted on each feature.

  • 89 % Say it's dog friendly

  • 88 % Say yards are well-kept

  • 87 % Say there's wildlife

  • 86 % Say parking is easy

  • 84 % Say car is needed

  • 76 % Say there's holiday spirit

  • 75 % Say it's quiet

  • 72 % Say people would walk alone at night

  • 61 % Say neighbors are friendly

  • 54 % Say they plan to stay for at least 5 years

  • 53 % Say kids play outside

  • 50 % Say it's walkable to restaurants

  • 47 % Say it's walkable to grocery stores

  • 39 % Say there are community events

  • 26 % Say there are sidewalks

  • 17 % Say streets are well-lit

Sourced by Trulia users. Learn more about our methodology.
  • Bruce Palmer
    "Nice dog park in the neighborhood, and lots of dog owners walk their dog around the neighborhood regularly. "
    0
    Flag
  • Bruce Palmer
    "Dog friendly area. There’s a nice dog park in the neighborhood, by the library.Lots of people walk their dogs around the neighborhood "
    0
    Flag
  • Bruce Palmer
    "People are frequently seen walking their dogs in this neighborhood. Also, there is a nice dog park across the street at Rumsey Park."
    0
    Flag
  • Jay Martin
    "It’s great to be so close to the Phoenix area but be in the pines and cooler temperatures. Great variety of stores and restaurants. "
    0
    Flag
  • Karen Schendel-carlen
    "Free Concerts and movies in the park . Greatest place in Arizona to watch 4 th of July fireworks. Fantastic camping, hiking, biking and fishing. "
    0
    Flag
  • Shari S.
    "No sidewalks to walk on...you have to walk in the street. Dog-friendly neighborhood and lots of familiars dog owners. Because of the wildlife, you must go out with your small dogs, you can’t leave them out alone. "
    43
    Flag
  • Shari S.
    "Love the small town fell and the neighborhood. I do wish we had sidewalks to walk on. It’s very dangerous to walk in the narrow streets. "
    2
    Flag
  • Ljmyrick63
    "I only live here part time, but the neighborhood is friendly and well kept. Ramsey park is very close with many amenities including multiple sport fields, dog park, library, pool, children’s play area, bbq areas, skating park and a hiking trail. Payson is a vey outdoorsy place with 35 hiking trail around the city limits and many, many more trails, water areas, camping etc. Truly an outdoor persons dream place."
    5
    Flag
  • Mark
    "Dogs are welcome and everyone has multiple ones it seems like. Great place to raise dogs and kids alike. "
    1
    Flag
  • Mark
    "You see people walking dogs all the time. A lot of people take their dogs with them. People as a whole seem very dog friendly. "
    0
    Flag
  • Anne M. H.
    "I have lived here for 10 years. The neighbors are great and watch each other's home when were not around."
    7
    Flag
  • Heather
    "friendly people. beautiful mountains rivers and hiking. active community as well as many retirees. a"
    0
    Flag
  • Mary G. .
    "Just moved here from Southern California. Love it so much! The people are so warm and friendly. I look forward to seeing the sights and library and pretty much everything around here."
    1
    Flag
  • Wendy B.
    "100 miles from the big city. Mild climate compared to Phoenix blistering summers.. lake and creeks, tons of hiking trails. Beautify town"
    0
    Flag
  • Debbie L. E.
    "Great neighbors and neighborhood! Beautiful views and wildlife all around. Every house is unique...not “cookie cutter” at all!"
    0
    Flag
  • Christopher G.
    "I walk dogs every week. Most dog owners in town have their dogs under control. One got out of it's yard one time while I was running another dog. It charged us looking defensive but as soon as I ran at the dog it peed itself and jumped back over the fence. "
    0
    Flag
  • Cynthia
    "Great friendly neighbors, convenient location and the weather is awesome year around. We love the hiking, fishing and outdoor activities as well as the community activities."
    0
    Flag
  • Sharon M.
    "Visiting with neighbors Helping one in need Pride of Ed Just having fun with people Singing old songs of the c"
    0
    Flag
  • Nancy Berlin Jones
    "I have owned this home since 12/16 and the neighbors are very friendly. Yes- we watch out for each other to a respectful degree! The wildlife is pretty cool- elk, javelinas, quail. We have privacy, light traffic, trees, and views."
    25
    Flag
  • Saralewis
    "It’s a close walk to the green valley park and historical Main Street. The down side is there aren’t sidewalks and people drive Very fast down this street. There are also not too many street lights so people usually walk their dogs during the day to the park. "
    0
    Flag
  • Rustyandmariah
    "I’ve lived in the Payson area my entire life. The town is a great little mountain town. The people are friendly and there fun little shops and restaurants. If you love 4 seasons and the outdoors this is one of the best places to live. And if you don’t like the current weather you can wait 15 mins or drive 15 mins in any direction and it will change. "
    5
    Flag
  • Status202
    "My in laws live here and we come to visit about 6 times a year. This area is amazing if you are looking to camp, hike, bike, fish, hunt atv and enjoy the wild life. "
    1
    Flag
  • Bristolleos123
    "Car shows. Rodeo’s. Farmers markets. Small town vibe. Weekend retreats. Many church’s. Youth activities sports "
    0
    Flag
  • Yellow77roses
    "We are up above town! We have 360 veiw of the rims/ mountains! lots of wilds life still running around up here in Payson , Arizona"
    2
    Flag

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Homes for sale near 487 W MEMORY Lane

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Off Market Homes Near 487 W MEMORY Lane

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Frequently asked questions about 487 W MEMORY Lane

  • What is 487 W MEMORY Lane estimated to be worth?
    Trulia's estimated value for 487 W MEMORY Lane in Payson, AZ is $922,400.
  • What is the price history for 487 W MEMORY Lane?
    487 W MEMORY Lane in Payson, AZ last sold for $962,600 in May 2026.
  • Is Payson a buyer's or seller's market?
    Payson is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Payson?
    The median sale price in Payson is $460K. That is up $3.33K from the prior month.
  • Does 487 W MEMORY Lane have air conditioning?
    Yes, 487 W MEMORY Lane in Payson, AZ has air conditioning.
  • How big is the lot at 487 W MEMORY Lane?
    The lot at 487 W MEMORY Lane in Payson, AZ is about 2.4 acres.