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1031 Cutter Lane

1031 Cutter Lane, Park City, UT 84098
Property in Summit
Sold Jun 28, 2023
$3,602,970
$2,709,000 by Wells Fargo Bank Na
Mortgage Due Jul 01, 2053
Sold Oct 30, 2019
$2,280,000
$1,824,000 by Wells Fargo Bank Na
Mortgage Due Nov 01, 2049
Local assessors in Park City, UT have categorized 1031 Cutter Lane as a residential type of property. The home was built in 2007 and is 17 years old. The property's lot size has been calculated to be 12,632 square feet. As for the restroom situation, there are 4 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1031 Cutter Lane has a total of 5,035 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 928 sqft. There are 4 available parking spaces so it's a great situation for those with more than one car. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1031 Cutter Lane sold most recently in Jun 28, 2023 for a total of $3,602,970. If you work out the math, that's approximately a cost of $604.22 per sqft. Before that, the property was also sold for $2,280,000 in Oct 30, 2019. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $9,727 in taxes each year. 1031 Cutter Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,699,664. If we break it down further, the land itself was valued at $519,750. Improvements to the property, however, were assessed at a total of $1,179,914. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 928
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 5,963
  • Gross Building Area: 5,963
  • Building Area: 5,035
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,035
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RANCH PLACE SUBDIVISION PHASE III
  • Land Acres: 0.29
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LOT 118 RANCH PLACE SUBDIVISION PHASE III; ACCORDING TO THE OFFICIAL PLAT ON FILE IN THE SUMMIT COUNTY RECORDERS OFFICE CONT 12,842 SQ FT OR 0.29 AC 885-559 970-685 1039-624 1637-608 1748-111 1844-1281 1846-838 2001-1001 2078-591 (2271-339) 2537-650

Ownership

  • Current Owner : PETROVITCH IVAN
  • Current Owner 2: SZLYK SONIA ANN
  • Previous Owner : KRESSER TRUST
  • Owner Before Previous Owner: SWISHER STEPHEN LEE
  • Owner Before Previous Owner 2: DOVE SWISHER LISA K
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Park City School District
  • Census Tract: 964307

Geography

  • Account Number: 0306914
  • District: 13
  • Subdivision Phase Number: 3
  • Parcel: RPL-III-118
  • Lot: 118
  • Municipality: PARK CITY DISTRICT
  • Latitude: 40.7083
  • Longitude: -111.53

    Address

  • Full Address: 1031 Cutter Ln
  • Address - House Number: 1031
  • Address - Street Name: Cutter
  • Address - Suffix Type: Ln
  • State: UT
  • City Name: Park City
  • Carrier Code: H020
  • 4-Digit Zip Code: 7553
  • Zip Code: 84098

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,727
  • Tax Rate Code Area: 13

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,709,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jun 28, 2023
  • First Open Lien Mortgage Loan Amount: $2,709,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2053

    Market Valuation

  • Market Total Value: $3,090,298
  • Market Land Value: $945,000
  • Market Improvement Value: $2,145,298

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,699,664
  • Assessed Land Value: $519,750
  • Assessed Improvements Value: $1,179,914

    Sales

  • Current Sale Contract Date: Jun 28, 2023
  • Current Sale Recording Date: Jun 28, 2023
  • Current Sale Transaction ID: 11908799953
  • Current Sale Price: $3,602,970
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1206332
  • Previous Sale Recording Date: Oct 30, 2019
  • Previous Sale Contract Date: Oct 30, 2019
  • Previous Sale Amount: $2,280,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jun 28, 2023
  • First Mortgage Loan Amount: $2,709,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Oct 30, 2019
  • Previous Mortgage Loan Amount: $1,824,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2049

About Snyderville



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Frequently Asked Questions

What neighborhood is 1031 Cutter Lane located in?
The 1031 Cutter Lane is a located in the neighborhood of Summit in Snyderville, Park City.
What is the average sales price for listings in 1031 Cutter Lane?
The average sales price for units in 1031 Cutter Lane is $0 currently.

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