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1388 West Teakwood Drive

1388 West Teakwood Drive, Salt Lake City, UT 84123
Property in Taylorsville
Sold Mar 11, 2016
$195,900
$193,325 by Utah Mortgage Loan Corp
Mortgage Due Apr 01, 2046
Sold Nov 17, 2009
$171,900
$165,938 by Bank Of Utah
Mortgage Due Dec 01, 2039
Local assessors in Salt Lake City, UT have categorized 1388 West Teakwood Drive as a residential type of property. The home was built in 1959 and is 65 years old. It was most recently renovated and altered in 2008. The property's lot size has been calculated to be 12,197 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a split level style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 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 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 1388 West Teakwood Drive has a total of 1,926 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 616 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 carport for those who need a place to park their vehicle. The garage on the property is 384 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 both a unknown and a unknown so you'll have great options in both the front and back 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 brick 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. 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, 1388 West Teakwood Drive sold most recently in Mar 10, 2016 for a total of $195,900. If you work out the math, that's approximately a cost of $98.34 per sqft. Before that, the property was also sold for $171,900 in Nov 16, 2009. 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 $2,599 in taxes each year. 1388 West Teakwood Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $415,500. If we break it down further, the land itself was valued at $102,800. Improvements to the property, however, were assessed at a total of $312,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1959
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Split level
  • Exterior Walls Type: Brick
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 616
  • Parking Type: Offsite
  • Garage Type: Carport
  • Garage Square Area: 384
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 1,992
  • Gross Building Area: 2,072
  • Building Area: 1,926
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,926
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: MEADOWBROOK FARMS
  • Land Acres: 0.28
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 7 MEADOWBROOK FARMS NO 8 8536-2562 9780-4866,4868,4870

Ownership

  • Current Owner : NINOW TODD
  • Current Owner 2: NINOW ROBIN
  • Previous Owner : LUNDY JASON
  • Owner Before Previous Owner: DUDLEY ANDREW S
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Granite School District
  • Census Tract: 113511

Zoning

  • Zoning: 1108

Geography

  • Assessors Map Reference: 21-03-282
  • Parcel: 21-03-282-008-0000
  • Lot: 7
  • Meridian: SEC 03 TWN 3S RNG 1W
  • Municipality: TAYLOR
  • Latitude: 40.6749
  • Longitude: -111.932

    Address

  • Full Address: 1388 W Teakwood Dr
  • Address - House Number: 1388
  • Street Direction: W
  • Address - Street Name: Teakwood
  • Address - Suffix Type: Dr
  • State: UT
  • City Name: Salt Lake City
  • Carrier Code: C008
  • 4-Digit Zip Code: 2216
  • Zip Code: 84123

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,599
  • Tax Rate Code Area: 61

    Appraisal Valuation

  • Standard Deviation: 0.2196
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 516,769
  • High Value: 630,293
  • Low Value: 403,244

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $242,325
  • First Open Lien Mortgage Lender: UTAH MORTGAGE LOAN CORP
  • First Open Lien Mortgage Recording Date: Mar 11, 2016
  • First Open Lien Mortgage Loan Amount: $193,325
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2046
  • Second Open Lien Mortgage Lender: AMERICA FIRST FEDERAL CREDIT U
  • Second Open Lien Mortgage Recording Date: Dec 21, 2021
  • Second Open Lien Mortgage Loan Amount: $49,000
  • Second Open Lien Mortgage Term: 120
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Dec 30, 2031

    Market Valuation

  • Market Total Value: $415,500
  • Market Land Value: $102,800
  • Market Improvement Value: $312,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $415,500
  • Assessed Land Value: $102,800
  • Assessed Improvements Value: $312,700

    Sales

  • Current Sale Contract Date: Mar 10, 2016
  • Current Sale Recording Date: Mar 11, 2016
  • Current Sale Transaction ID: 1475634279
  • Current Sale Price: $195,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 12238260
  • Previous Sale Recording Date: Nov 17, 2009
  • Previous Sale Contract Date: Nov 16, 2009
  • Previous Sale Amount: $171,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UTAH MORTGAGE LOAN CORP
  • First Mortgage Transaction Date: Mar 11, 2016
  • First Mortgage Loan Amount: $193,325
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF UTAH
  • Previous Mortgage Transaction Date: Nov 17, 2009
  • Previous Mortgage Loan Amount: $165,938
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Dec 01, 2039

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Frequently Asked Questions

What neighborhood is 1388 West Teakwood Drive located in?
The 1388 West Teakwood Drive is a located in the neighborhood of Taylorsville in Taylorsville, Salt Lake City.
What is the average sales price for listings in 1388 West Teakwood Drive?
The average sales price for units in 1388 West Teakwood Drive is $0 currently.

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