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2557 Lower Lando Lane

2557 Lower Lando Lane, Park City, UT 84098
Property in Summit
Sold Sep 29, 2021
$1,982,800
$1,586,250 by United Wholesale Mortgage
Mortgage Due Oct 01, 2051
Sold Sep 27, 2021
Transfer
$1,586,250 by United Wholesale Mortgage Llc
Mortgage Due Oct 01, 2051
2557 Lower Lando Lane has been categorized by the local assessors in Park City, UT as a residential type of property. The building on the property was first built in 2002 and is 22 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2557 Lower Lando Lane has 6,841 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 2,005 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 12,197 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 871 sqft. According to our sources, there are a total of 3 available parking spaces. There is a single fireplace in the home. Perfect for those wintery nights. 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, 2557 Lower Lando Lane sold most recently in Sep 29, 2021 for a total of $1,982,800. If you work out the math, that's approximately a cost of $257.11 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 $15,372 in taxes each year. 2557 Lower Lando Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,685,997. If we break it down further, the land itself was valued at $400,000. Improvements to the property, however, were assessed at a total of $2,285,997. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 2,005
  • Garage Type: Attached
  • Garage Square Area: 871
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 7,712
  • Gross Building Area: 7,712
  • Building Area: 6,841
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 6,841
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: JEREMY RANCH SUBDIVISION
  • Land Acres: 0.28
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LOT 4118 OF JEREMY RANCH SUBDIVISION PLAT #4 LOCATED IN SEC 1 T1SR3E SLBM; ACCORDING TO OFFICIAL PLAT THEREOF ON FILE IN OFFICE OF SUMMIT COUNTY RECORDER CONT 0.284 AC 550-593 689-734-735 1390-1099 1453-312 1729-1333 1991-186-188 2195-915-938 2404-95

Ownership

  • Current Owner : SUPERIOR LUXURY HOMES LLC
  • Previous Owner : SCHER ROBERT MARC
  • Previous Owner 2: MALONE CHRISTINE
  • Owner Before Previous Owner: SUPERIOR LUXURY HOMES LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Park City School District
  • Census Tract: 964303

Geography

  • Account Number: 0237853
  • District: 13
  • Parcel: JR-4-4118
  • Lot: 4118
  • Meridian: SEC 01 TWN 01S RNG 03E
  • Municipality: PARK CITY DISTRICT
  • Latitude: 40.7599
  • Longitude: -111.561

    Address

  • Full Address: 2557 Lower Lando Ln
  • Address - House Number: 2557
  • Address - Street Name: Lower Lando
  • Address - Suffix Type: Ln
  • State: UT
  • City Name: Park City
  • Carrier Code: H008
  • 4-Digit Zip Code: 5844
  • Zip Code: 84098

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $15,372
  • Tax Rate Code Area: 13

    Appraisal Valuation

  • Standard Deviation: 0.4423
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 11
  • Final Value: 1,324,890
  • High Value: 1,910,901
  • Low Value: 738,878

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,586,250
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: Sep 29, 2021
  • First Open Lien Mortgage Loan Amount: $1,586,250
  • 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, 2051

    Market Valuation

  • Market Total Value: $2,685,997
  • Market Land Value: $400,000
  • Market Improvement Value: $2,285,997

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,685,997
  • Assessed Land Value: $400,000
  • Assessed Improvements Value: $2,285,997

    Sales

  • Current Sale Contract Date: Sep 29, 2021
  • Current Sale Recording Date: Sep 29, 2021
  • Current Sale Transaction ID: 11857495874
  • Current Sale Price: $1,982,800
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1174277
  • Previous Sale Recording Date: Sep 27, 2021
  • Previous Sale Contract Date: Sep 09, 2021
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Sep 29, 2021
  • First Mortgage Loan Amount: $1,586,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • Previous Mortgage Transaction Date: Sep 27, 2021
  • Previous Mortgage Loan Amount: $1,586,250
  • Previous Mortgage Loan Due Date: Oct 01, 2051

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Frequently Asked Questions

What neighborhood is 2557 Lower Lando Lane located in?
The 2557 Lower Lando Lane is a located in the neighborhood of Summit in Summit Park, Park City.
What is the average sales price for listings in 2557 Lower Lando Lane?
The average sales price for units in 2557 Lower Lando Lane is $0 currently.

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