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1418 East Military Way

1418 East Military Way, Salt Lake City, UT 84103
Property in Greater Avenues
Sold Oct 12, 2021
$1,375,000
$1,100,000 by Atlas Mortgage Solutions Inc
Mortgage Due Nov 01, 2051
Local assessors in Salt Lake City, UT have categorized 1418 East Military Way as a residential type of property. The home was built in 1920 and is 104 years old. It was most recently renovated and altered in 2003. The property's lot size has been calculated to be 30,928 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a colonial style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 20 rooms in the home. Of these, 6 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 are 2 full bathrooms. There are also 3 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 1418 East Military Way has a total of 5,505 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 finished improved basement that is 1,212 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 underground or in the basement for those who need a place to park their vehicle. The garage on the property is 640 sqft. Do you like to entertain? The home has both a covered porch and a patio so you'll have great options in both the front and back of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is good. The building has a roof that is made of asphalt. 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, 1418 East Military Way sold most recently in Oct 6, 2021 for a total of $1,375,000. If you work out the math, that's approximately a cost of $249.77 per sqft. 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 $22,600 in taxes each year. 1418 East Military Way was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $3,899,700. If we break it down further, the land itself was valued at $854,300. Improvements to the property, however, were assessed at a total of $3,045,400. 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: 1920
  • Effective Year Built: 2003
  • Total Rooms: 20
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Style: Colonial
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 1,212
  • Parking Type: Offsite
  • Garage Type: Underground/basement
  • Garage Square Area: 640
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Covered porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 30,928
  • Lot Size Frontage Feet: 0
  • Total Building Area: 5,505
  • Building Area: 5,505
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 5,505
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: BONEVILLE ON THE HILL
  • Land Acres: 0.71
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BEG N 89^56 18 E 188.75 FT FR US MONUMENT 8 LOCATED IN SE 1/4 OF SW 1/4 SEC 33

Ownership

  • Current Owner : FREEDMAN JONATHAN
  • Previous Owner : FREEDMAN LEANNE DANIELLE
  • Previous Owner 2: FREEDMAN LEANNE DANIELLE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Revocable Trust

Neighborhood

  • School District Name: Salt Lake City School District
  • Census Tract: 114800

Zoning

  • Zoning: 1107

Geography

  • Parcel: 09-33-377-020
  • Latitude: 40.7716
  • Longitude: -111.847

    Address

  • Full Address: 1418 E Military Way
  • Address - House Number: 1418
  • Street Direction: E
  • Address - Street Name: Military
  • Address - Suffix Type: Way
  • State: UT
  • City Name: Salt Lake City
  • Carrier Code: C006
  • 4-Digit Zip Code: 4455
  • Zip Code: 84103

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $22,600
  • Tax Rate Code Area: 13

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,100,000
  • First Open Lien Mortgage Lender: ATLAS MORTGAGE SOLUTIONS INC
  • First Open Lien Mortgage Recording Date: Oct 12, 2021
  • First Open Lien Mortgage Loan Amount: $1,100,000
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $3,899,700
  • Market Land Value: $854,300
  • Market Improvement Value: $3,045,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $3,899,700
  • Assessed Land Value: $854,300
  • Assessed Improvements Value: $3,045,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 06, 2021
  • Current Sale Recording Date: Oct 12, 2021
  • Current Sale Transaction ID: 11860151884
  • Current Sale Price: $1,375,000
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 13796210

    Last Sale Mortgage

  • First Mortgage Lender: ATLAS MORTGAGE SOLUTIONS INC
  • First Mortgage Transaction Date: Oct 12, 2021
  • First Mortgage Loan Amount: $1,100,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

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Frequently Asked Questions

What neighborhood is 1418 East Military Way located in?
The 1418 East Military Way is a located in the neighborhood of Greater Avenues in Greater Avenues, Salt Lake City.
What is the average sales price for listings in 1418 East Military Way?
The average sales price for units in 1418 East Military Way is $0 currently.

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