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2560 Bear Hollow Drive

2560 Bear Hollow Drive, Park City, UT 84098
Property in Summit
Sold Nov 20, 2020
$5,600,000
$4,480,000 by Stifel Bank & Trust
Mortgage Due Dec 01, 2050
Sold Nov 10, 2016
Transfer
Local assessors in Park City, UT have categorized 2560 Bear Hollow Drive as a residential type of property. The home was built in 2017 and is 7 years old. The property's lot size has been calculated to be 49,658 square feet. As for the restroom situation, there are 4 full bathrooms. There are also 5 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 2560 Bear Hollow Drive has a total of 6,976 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 3,765 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 attached garage for those who need a place to park their vehicle. The garage on the property is 1,086 sqft. There are 4 available parking spaces so it's a great situation for those with more than one car. 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, 2560 Bear Hollow Drive sold most recently in Nov 18, 2020 for a total of $5,600,000. If you work out the math, that's approximately a cost of $694.62 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 $37,064 in taxes each year. 2560 Bear Hollow Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $6,476,342. If we break it down further, the land itself was valued at $875,350. Improvements to the property, however, were assessed at a total of $5,600,992. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Floor Count: 1
  • Basement Type: Finished improved basement
  • Basement Area: 3,765
  • Garage Type: Attached
  • Garage Square Area: 1,086
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 49,658
  • Total Building Area: 8,062
  • Gross Building Area: 8,062
  • Building Area: 6,976
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 6,976
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CEDAR DRAW ESTATES SUBDIVISION
  • Land Acres: 1.14
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LOT 24 CEDAR DRAW ESTATES SUBDIVISION; ACCORDING TO THE OFFICIAL PLAT ON FILE IN THE SUMMIT COUNTY RECORDERS OFFICE CONT 50,050 SQ FT OR 1.14 AC 787-17 1321-1340 1493-1614-1620 1697-766 1754-954 2086-1837 2382-1636 2619-210 GAVIN S HOLLES AND NATALIE

Ownership

  • Current Owner : HOLLES GAVIN S
  • Current Owner 2: HOLLES NATALIE C
  • Previous Owner : FISHER ANDREW
  • Previous Owner 2: FISHER MELISSA
  • Owner Before Previous Owner: ANDING SUSANNE L

Neighborhood

  • School District Name: Park City School District
  • Census Tract: 964305

Geography

  • Account Number: 0296123
  • District: 13
  • Parcel: CDE-24
  • Lot: 24
  • Municipality: PARK CITY DISTRICT
  • Latitude: 40.7008
  • Longitude: -111.565

    Address

  • Full Address: 2560 Bear Hollow Dr
  • Address - House Number: 2560
  • Address - Street Name: Bear Hollow
  • Address - Suffix Type: Dr
  • State: UT
  • City Name: Park City
  • Carrier Code: H018
  • 4-Digit Zip Code: 8525
  • Zip Code: 84098

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $37,064
  • Tax Rate Code Area: 13

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $4,480,000
  • First Open Lien Mortgage Lender: STIFEL BANK & TRUST
  • First Open Lien Mortgage Recording Date: Nov 20, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $4,480,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2050

    Market Valuation

  • Market Total Value: $6,476,342
  • Market Land Value: $875,350
  • Market Improvement Value: $5,600,992

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,476,342
  • Assessed Land Value: $875,350
  • Assessed Improvements Value: $5,600,992

    Sales

  • Current Sale Contract Date: Nov 18, 2020
  • Current Sale Recording Date: Nov 20, 2020
  • Current Sale Transaction ID: 11802751829
  • Current Sale Price: $5,600,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1148013
  • Previous Sale Recording Date: Nov 10, 2016
  • Previous Sale Contract Date: Nov 10, 2016
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STIFEL BANK & TRUST
  • First Mortgage Transaction Date: Nov 20, 2020
  • First Mortgage Loan Amount: $4,480,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Dec 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Snyderville



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Frequently Asked Questions

What neighborhood is 2560 Bear Hollow Drive located in?
The 2560 Bear Hollow Drive is a located in the neighborhood of Summit in Snyderville, Park City.
What is the average sales price for listings in 2560 Bear Hollow Drive?
The average sales price for units in 2560 Bear Hollow Drive is $0 currently.

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