2 months on rocket

1285 W 500 N, Salt Lake City, UT, 84116

$1,100,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
4 Baths
5,483 SqFt
$201/SqFt
Multi
Schools Nearby

Location

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1285 W 500 N, Salt Lake City$1,100,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingParking: Uncovered
Year Built2005
MLS #1978413
Lot Size0.26 Acres
StatusActive

About 1285 W 500 N

Amazing rental property! Total Rents per month are $5879 per month and additional CAM fees are $1,118 per month. Long term tenants that have been there for over 10 years. The units are divided with two Large 2 bedroom 1 bathroom units up stairs for residential. The other three in the bottom are commercial units. There is a Church, Insurance company and a salon. This has so many upsides. Need to call agent for scheduling and may need longer than 24 hours notice. The seller is NOT interested in carrying any type of the loan. The pictures are all recent in the condition of the property.

Property Details

Property Features

Property Information:

  • Architectural Style: Stories: 2
  • Year Built: 2005
  • Stories: 0
  • Living Area: 5,483 SqFt

Listing Office:

  • Office Name: RANLife Real Estate Inc
  • Office Phone: (801) 478-4545
  • Listing Agent: Ted Twogood

Interior Features

Interior Information:

  • Flooring Type: Carpet, Linoleum

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Double Pane Windows, Lighting, Porch: Open

Parking Information:

  • Attached Garage: No
  • Parking: Parking: Uncovered

Lot Features

Lot Information:

  • Lot: Corner Lot, Curbs, Sidewalk
  • Lot Size: 0.26 Acres

School Info

Assigned Schools Information:

  • West High School, Public District Grades 7-12
  • Northwest Middle School, Public District Grades 7-8
  • Backman School, Public Magnet Grades PK-6

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,100,000
  • Price Per SqFt: $201/SqFt

Tax Information:

  • Annual Amount: $4,960
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Salt Lake City, UT.

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Salt Lake City, UT

City

Med. List Price

$599.6K

Med. Price/SqFt

$335

Avg. Days On Market

66

1285 W 500 N vs Salt Lake City

86 DAYS ON ROCKET

+20 Days

$1,100,000

+$500.3K More

$201/SqFt

-$135 Less

KEY TAKEAWAY

This property is $500.3K more than the Median List Price and $135/SqFt less than other homes in Salt Lake City, UT.

Based on homes listed in March 2024

MLS Details

MLS Information:

  • MLS Name: UtahRealEstate.com
  • MLS Number: #1978413

Listing Office:

  • Office Name: RANLife Real Estate Inc
  • Office Phone: (801) 478-4545
  • Listing Agent: Ted Twogood

IDXBased on information from UtahRealEstate.com All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable but not guaranteed accurate. The compilation of listings and each individual listing are Copyright © 2024 UtahRealEstate.com All rights reserved.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 10:25:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$4,960$520,400
2020$4,959$405,639
2019$4,667$412,448
2017$5,416$476,480

History based on county public records data.

Payment Calculator

$5,558

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,364

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2159921
4
/10

  • Backman School

  • 601 N 1500 W

  • 0.37 miles

  • Public Magnet Grades PK-6

Middle School

school-card-donut-2159922
3
/10

  • Northwest Middle School

  • 1730 W 1700 N

  • 1.95 miles

  • Public District Grades 7-8

High School

school-card-donut-2159923
3
/10

  • West High School

  • 241 N 300 W

  • 1.46 miles

  • Public District Grades 7-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $62,342. Typical income of Salt Lake City, UT residents is between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Utah›Salt Lake County›Salt Lake City›84116›1285 W 500 N

This home is located at 1285 W 500 N in Salt Lake City, UT and zip code 84116 in the Fairpark neighborhood. This 5,483 square foot home, which was built in 2005, sits on a 0.26 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since February 01, 2024 and is currently priced at $1,100,000.

In March 2024 in Salt Lake City, UT there were 67.5% more homes for sale than in February 2024. Listings spent 66 days on the market in March 2024, and had a median list price of $599,641 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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