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1277 West 500 South

1277 West 500 South, Salt Lake City, UT 84104
Property in Poplar Grove
Sold Aug 25, 2021
$282,500
$226,000 by First Colony Mortgage Corp
Mortgage Due Sep 01, 2051
Sold May 06, 2020
$242,500
$194,000 by First Colony Mortgage Corp
Mortgage Due Jun 01, 2050
Local assessors in Salt Lake City, UT have categorized 1277 West 500 South as a residential type of property. The home was built in 1956 and is 68 years old. It was most recently renovated and altered in 1997. The property's lot size has been calculated to be 7,841 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a cottage style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1277 West 500 South has a total of 1,104 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a partial basement that is 854 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. The home sources its water from a water system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 936 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a roof that is made of asphalt. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1277 West 500 South was last sold in Aug 20, 2021 for $282,500. According to our calculations, that's $165.40 per sqft. Prior to that sales transaction, the property was sold for $242,500 in May 1, 2020. Current property owners are expected to pay $1,663 in taxes per year. The property on 1277 West 500 South was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $305,900. To break that down further, the land itself was valued at $138,500. While improvements to the property were assessed at a total of $167,400. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Cottage
  • Exterior Walls Type: Wood
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 854
  • Parking Type: Offsite
  • Garage Type: Garage
  • Garage Square Area: 936
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 1,708
  • Gross Building Area: 1,732
  • Building Area: 1,104
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,104
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: JORDAN PLACE
  • Land Acres: 0.18
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOTS 40 & 41 BLK 15 JORDAN PLACE 6781-2763 4378-165 10606-5546 10617-2140 10621-6438 10660-3210 10939-1682

Ownership

  • Current Owner : BILLS MICHAEL J
  • Previous Owner : BILLS MICHAEL JAMES
  • Owner Before Previous Owner: BILLS MIHAEL
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Single/unmarried man

Neighborhood

  • School District Name: Salt Lake City School District
  • Census Tract: 102701

Zoning

  • Zoning: 1105

Geography

  • Assessors Map Reference: 15-02-351
  • Parcel: 15-02-351-008-0000
  • Block: 15
  • Lot: 40,41
  • Meridian: SEC 02 TWN 1N RNG 1W
  • Municipality: SALT LAKE CITY
  • Latitude: 40.7583
  • Longitude: -111.928

    Address

  • Full Address: 1277 W 500 S
  • Address - House Number: 1277
  • Street Segment Direction: S
  • Street Direction: W
  • Address - Street Name: 500
  • State: UT
  • City Name: Salt Lake City
  • Carrier Code: C004
  • 4-Digit Zip Code: 2541
  • Zip Code: 84104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,663
  • Tax Rate Code Area: 13

    Appraisal Valuation

  • Standard Deviation: 0.2023
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 382,248
  • High Value: 459,594
  • Low Value: 304,903

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $226,000
  • First Open Lien Mortgage Lender: FIRST COLONY MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Aug 25, 2021
  • First Open Lien Mortgage Loan Amount: $226,000
  • 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: Sep 01, 2051

    Market Valuation

  • Market Total Value: $305,900
  • Market Land Value: $138,500
  • Market Improvement Value: $167,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $305,900
  • Assessed Land Value: $138,500
  • Assessed Improvements Value: $167,400

    Sales

  • Current Sale Contract Date: Aug 20, 2021
  • Current Sale Recording Date: Aug 25, 2021
  • Current Sale Transaction ID: 11854746018
  • Current Sale Price: $282,500
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 13754296
  • Previous Sale Recording Date: May 06, 2020
  • Previous Sale Contract Date: May 01, 2020
  • Previous Sale Amount: $242,500
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: FIRST COLONY MORTGAGE CORP
  • First Mortgage Transaction Date: Aug 25, 2021
  • First Mortgage Loan Amount: $226,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FIRST COLONY MORTGAGE CORP
  • Previous Mortgage Transaction Date: May 06, 2020
  • Previous Mortgage Loan Amount: $194,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2050

About Poplar Grove



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Frequently Asked Questions

What neighborhood is 1277 West 500 South located in?
The 1277 West 500 South is a located in the neighborhood of Poplar Grove in Poplar Grove, Salt Lake City.
What is the average sales price for listings in 1277 West 500 South?
The average sales price for units in 1277 West 500 South is $0 currently.

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