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240 West 700 North

240 West 700 North, Salt Lake City, UT 84103
Property in Capitol Hill
Sold Dec 06, 2022
$731,500
$550,000 by Bell Rock Income Fund 1 Llc
Mortgage
Sold Apr 07, 2021
$553,800
$443,000 by Bell Rock Income Fund 1 Llc
Mortgage
Local assessors in Salt Lake City, UT have categorized 240 West 700 North as a residential type of property. The home was built in 1889 and is 135 years old. It was most recently renovated and altered in 1996. The property's lot size has been calculated to be 3,485 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 5 rooms in the home. Of these, 2 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 240 West 700 North has a total of 913 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. Moving onto specific details regarding the building. Our sources show that the building condition is fair. 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 alum/vinyl siding were used in the construction of the exterior walls of the home. Residents rely on no air conditioning for their cooling system. The home's a central heating system is the primary heating source. The property was last sold in Dec 6, 2022 for $731,500. That's $801.20 per sqft. Prior to that sales transaction, the property was also sold in Apr 7, 2021 for $553,800. 240 West 700 North was last assessed in 2023. The total value of the property was assessed at $310,300. Specifically, the land the property is located on was valued at $94,600. While improvements on the property were assessed at a total of $215,700. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $1,687. The initial tax year of delinquency was in 2022. 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! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1889
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Fair
  • Building Quality: D
  • Building Style: Cottage
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Area: 0
  • Parking Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,485
  • Total Building Area: 913
  • Gross Building Area: 913
  • Building Area: 913
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 913
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.08
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BEG S 33.00 FT FR THE SW COR OF LOT 2, BLK 150, PLAT A, SALTLAKE CITY SUR; E 33.00 FT; S 99.00 FT; W 33.00 FT; N 99.00 FT TO BEG.

Ownership

  • Current Owner : MULTI FAMILY ADVISORS
  • Previous Owner : BLUEMOUNTAIN I LLC
  • Owner Before Previous Owner: PRESTIGE WORLDWIDE VENTURES LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Salt Lake City School District
  • Census Tract: 100700

Zoning

  • Zoning: 1205

Geography

  • Parcel: 08-25-456-033-0000
  • Block: 150
  • Lot: 2
  • Municipality: SALT LAKE CITY
  • Latitude: 40.7845
  • Longitude: -111.898

    Address

  • Full Address: 240 W 700 N
  • Address - House Number: 240
  • Street Segment Direction: N
  • Street Direction: W
  • Address - Street Name: 700
  • State: UT
  • City Name: Salt Lake City
  • Carrier Code: C040
  • 4-Digit Zip Code: 1822
  • Zip Code: 84103

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,687
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 01M

    Appraisal Valuation

  • Standard Deviation: 0.2593
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 585,115
  • High Value: 736,866
  • Low Value: 433,363

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $550,000
  • First Open Lien Mortgage Lender: BELL ROCK INCOME FUND 1 LLC
  • First Open Lien Mortgage Recording Date: Dec 06, 2022
  • First Open Lien Mortgage Loan Amount: $550,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $310,300
  • Market Land Value: $94,600
  • Market Improvement Value: $215,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $310,300
  • Assessed Land Value: $94,600
  • Assessed Improvements Value: $215,700

    Sales

  • Current Sale Contract Date: Dec 06, 2022
  • Current Sale Recording Date: Dec 06, 2022
  • Current Sale Transaction ID: 11899784516
  • Current Sale Price: $731,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 14049664
  • Previous Sale Recording Date: Apr 07, 2021
  • Previous Sale Contract Date: Apr 07, 2021
  • Previous Sale Amount: $553,800
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BELL ROCK INCOME FUND 1 LLC
  • First Mortgage Transaction Date: Dec 06, 2022
  • First Mortgage Loan Amount: $550,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: BELL ROCK INCOME FUND 1 LLC
  • Previous Mortgage Transaction Date: Apr 07, 2021
  • Previous Mortgage Loan Amount: $443,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Capitol Hill



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Frequently Asked Questions

What neighborhood is 240 West 700 North located in?
The 240 West 700 North is a located in the neighborhood of Capitol Hill in Capitol Hill, Salt Lake City.
What is the average sales price for listings in 240 West 700 North?
The average sales price for units in 240 West 700 North is $0 currently.

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