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1436 South 1040 East

1436 South 1040 East, Spanish Fork, UT 84660
Property in Utah
Sold Oct 05, 2020
$446,300
$357,000 by Security Home Mortgage Llc
Mortgage Due Oct 01, 2050
Sold Apr 08, 2015
$334,800
$267,800 by Security Home Mortgage Llc
Mortgage Due May 01, 2045
Local assessors in Spanish Fork, UT have categorized 1436 South 1040 East as a residential type of property. The home was built in 1998 and is 26 years old. The property's lot size has been calculated to be 11,500 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a a-frame style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 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 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 1436 South 1040 East has a total of 2,909 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 992 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. Additional features on the property are as follows. There is a built-in garage for those who need a place to park their vehicle. The garage on the property is 925 sqft. There are 4 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 open porch 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 gable style roof that was made of shingle (not wood). Lots of masonry were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. Residents rely on air conditioning for their cooling system. The home's a forced air unit 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, 1436 South 1040 East sold most recently in Sep 30, 2020 for a total of $446,300. If you work out the math, that's approximately a cost of $153.42 per sqft. Before that, the property was also sold for $334,800 in Apr 3, 2015. 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 $3,213 in taxes each year. 1436 South 1040 East was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $331,595. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1998
  • Effective Year Built: 1998
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C+
  • Building Style: A-frame
  • Exterior Walls Type: Masonry
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 992
  • Garage Type: Built-in
  • Garage Square Area: 925
  • Parking Space Count: 4
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 11,500
  • Total Building Area: 2,909
  • Gross Building Area: 4,826
  • Building Area: 2,909
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,909
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIDGE
  • Land Acres: 0.264
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 7, PLAT D, WOLF HOLLOW RIDGE SUBDV. AREA 0.264 AC

Ownership

  • Current Owner : OLSEN LUCINDA LEE
  • Current Owner 2: OLSEN CODY JAY
  • Previous Owner : OLSEN CODY
  • Previous Owner 2: OLSEN LUCINDA
  • Owner Before Previous Owner: OLSEN CODY J
  • Owner Before Previous Owner 2: OLSEN LUCINDA L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Nebo School District
  • Census Tract: 003203

Geography

  • Parcel: 55-364-0007
  • Lot: 7
  • Municipality: SPANISH FORK
  • Latitude: 40.0911
  • Longitude: -111.637

    Address

  • Full Address: 1436 S 1040 E
  • Address - House Number: 1436
  • Street Segment Direction: E
  • Street Direction: S
  • Address - Street Name: 1040
  • State: UT
  • City Name: Spanish Fork
  • Carrier Code: C007
  • 4-Digit Zip Code: 5915
  • Zip Code: 84660

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,213
  • Tax Rate Code Area: 150

    Appraisal Valuation

  • Standard Deviation: 0.1996
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 73
  • Final Value: 710,667
  • High Value: 852,557
  • Low Value: 568,778

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $357,000
  • First Open Lien Mortgage Lender: SECURITY HOME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Oct 05, 2020
  • First Open Lien Mortgage Loan Amount: $357,000
  • 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: Oct 01, 2050

    Market Valuation

  • Market Total Value: $602,900
  • Market Land Value: $187,200
  • Market Improvement Value: $415,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $331,595

    Sales

  • Current Sale Contract Date: Sep 30, 2020
  • Current Sale Recording Date: Oct 05, 2020
  • Current Sale Transaction ID: 11796282541
  • Current Sale Price: $446,300
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 154475:2020
  • Previous Sale Recording Date: Apr 08, 2015
  • Previous Sale Contract Date: Apr 03, 2015
  • Previous Sale Amount: $334,800
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: SECURITY HOME MORTGAGE LLC
  • First Mortgage Transaction Date: Oct 05, 2020
  • First Mortgage Loan Amount: $357,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: SECURITY HOME MORTGAGE LLC
  • Previous Mortgage Transaction Date: Apr 08, 2015
  • Previous Mortgage Loan Amount: $267,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2045

About Spanish Fork



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 1436 South 1040 East located in?
The 1436 South 1040 East is a located in the neighborhood of Utah in Spanish Fork, Spanish Fork.
What is the average sales price for listings in 1436 South 1040 East?
The average sales price for units in 1436 South 1040 East is $0 currently.

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