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1321 South Penn Street

1321 South Penn Street, Salt Lake City, UT 84105
Property in Wasatch Hollow
Sold Mar 09, 2022
$270,540
$203,414 by Rocket Mortgage Llc
Mortgage Due Apr 01, 2042
Sold Nov 15, 1995
$171,000
$136,800 by Peoples National Mtg Corp
Mortgage Due Dec 01, 2025
Local assessors in Salt Lake City, UT have categorized 1321 South Penn Street as a residential type of property. The home was built in 1939 and is 85 years old. It was most recently renovated and altered in 1999. The property's lot size has been calculated to be 6,534 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 9 rooms in the home. Of these, 3 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 are also 2 partial bathrooms. 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 1321 South Penn Street has a total of 1,869 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 1,068 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 400 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 - C. The building has a roof that is made of asphalt. Lots of alum/vinyl siding 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. 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, 1321 South Penn Street sold most recently in Mar 4, 2022 for a total of $270,540. If you work out the math, that's approximately a cost of $126.66 per sqft. Before that, the property was also sold for $171,000 in Nov 13, 1995. 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 $3,509 in taxes each year. 1321 South Penn Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $645,300. If we break it down further, the land itself was valued at $202,300. Improvements to the property, however, were assessed at a total of $443,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1939
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Cottage
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,068
  • Parking Type: Offsite
  • Garage Type: Garage
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 2,136
  • Gross Building Area: 2,136
  • Building Area: 1,869
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,869
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SHANNONS ADD
  • Land Acres: 0.15
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOTS 23 & 24, BLK 1, SHANNONS ADD. TOGETHER WITH 1/2 VACATED ALLEY ABUTTING ON E 4722-0285 6552-2505 6768-1165 7271-0121 10304-6808 10305-6981 10370-0236 10370-0251

Ownership

  • Current Owner : RASMUSSEN PAMELA
  • Previous Owner : PAMELA RASMUSSEN REVOCABLE TRUST
  • Owner Before Previous Owner: KITCHEN RICHARD EARL
  • Owner Before Previous Owner 2: KITCHEN PATRICIA N
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Salt Lake City School District
  • Census Tract: 103700

Zoning

  • Zoning: 1105

Geography

  • Assessors Map Reference: 16-09-453
  • Parcel: 16-09-453-004-0000
  • Block: 1
  • Lot: 23,24
  • Meridian: SEC 09 TWN 1N RNG 1E
  • Municipality: SALT LAKE CITY
  • Latitude: 40.7411
  • Longitude: -111.843

    Address

  • Full Address: 1321 S Penn St
  • Address - House Number: 1321
  • Street Direction: S
  • Address - Street Name: Penn
  • Address - Suffix Type: St
  • State: UT
  • City Name: Salt Lake City
  • Carrier Code: C009
  • 4-Digit Zip Code: 2713
  • Zip Code: 84105

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,509
  • Tax Rate Code Area: 13

    Appraisal Valuation

  • Standard Deviation: 0.2551
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 652,823
  • High Value: 819,402
  • Low Value: 486,244

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $203,414
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Mar 09, 2022
  • First Open Lien Mortgage Loan Amount: $203,414
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2042

    Market Valuation

  • Market Total Value: $645,300
  • Market Land Value: $202,300
  • Market Improvement Value: $443,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $645,300
  • Assessed Land Value: $202,300
  • Assessed Improvements Value: $443,000

    Sales

  • Current Sale Contract Date: Mar 04, 2022
  • Current Sale Recording Date: Mar 09, 2022
  • Current Sale Transaction ID: 11882609670
  • Current Sale Price: $270,540
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 13907734
  • Previous Sale Recording Date: Nov 15, 1995
  • Previous Sale Contract Date: Nov 13, 1995
  • Previous Sale Amount: $171,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE LLC
  • First Mortgage Transaction Date: Mar 09, 2022
  • First Mortgage Loan Amount: $203,414
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2042

    Previous Mortgages

  • Previous Mortgage Lender: PEOPLES NATIONAL MTG CORP
  • Previous Mortgage Transaction Date: Nov 15, 1995
  • Previous Mortgage Loan Amount: $136,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Dec 01, 2025

About Wasatch Hollow



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Nearby Rentals

Unit for rent at 531 E Downington Ave, Salt Lake City, UT, 84105

$2,700 /mo

  • 1 Bed
  • 1 Bath
531 E Downington Ave, Salt Lake City, UT, 84105 Listing by Dave Frederickson

Frequently Asked Questions

What neighborhood is 1321 South Penn Street located in?
The 1321 South Penn Street is a located in the neighborhood of Wasatch Hollow in Wasatch Hollow, Salt Lake City.
What is the average sales price for listings in 1321 South Penn Street?
The average sales price for units in 1321 South Penn Street is $0 currently.

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