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3497 South 5700 West

3497 South 5700 West, Wellsville, UT 84339
Property in Cache
Sold Nov 23, 2021
$3,500,000
$2,800,000 by Nexera Holding Llc
Mortgage Due Dec 01, 2051
Sold Nov 04, 2020
$243,700
$194,975 by Cache Valley Bank
Mortgage
Local assessors in Wellsville, UT have categorized 3497 South 5700 West as a residential type of property. The home was built in 2006 and is 18 years old. The property's lot size has been calculated to be 278,784 square feet. If we look only at the heated or air conditioned part of the building, then 3497 South 5700 West has a total of 7,090 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 3497 South 5700 West was last sold in Nov 10, 2021 for $3,500,000. According to our calculations, that's $493.65 per sqft. Prior to that sales transaction, the property was sold for $243,700 in Nov 3, 2020. Current property owners are expected to pay $14,932 in taxes per year. The property on 3497 South 5700 West was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,112,655. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 278,784
  • Total Building Area: 7,090
  • Building Area: 7,090
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 7,090
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WILDWOOD ESTATES
  • Land Acres: 6.4
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 2 WILDWOOD ESTATES UNIT 1 CONT 6.40 ACWITH & SUBJ TO 50 FT INGRESS & EGRESS EASEMENT AS PER PLAT

Ownership

  • Current Owner : HOFFMAN MICHAEL
  • Previous Owner : MORRELL JANNA S
  • Previous Owner 2: THE JANNA S MORRELL LIVING TRU
  • Owner Before Previous Owner: MORRELL JANNA S
  • Owner Before Previous Owner 2: THE JANNA S MORRELL LIVING TRU
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School Tax School District: COUNTY OUTSIDE
  • Census Tract: 001300

Geography

  • Parcel: 11-071-0022
  • Lot: 2
  • Municipality: COUNTY OUTSIDE
  • Latitude: 41.6688
  • Longitude: -111.97

    Address

  • Full Address: 3497 S 5700 W
  • Legal Unit: 1
  • Address - House Number: 3497
  • Street Segment Direction: W
  • Street Direction: S
  • Address - Street Name: 5700
  • State: UT
  • City Name: Wellsville
  • Carrier Code: R003
  • 4-Digit Zip Code: 9204
  • Zip Code: 84339

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $14,932
  • Tax Rate Code Area: 28

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $3,150,000
  • First Open Lien Mortgage Lender: NEXERA HOLDING LLC
  • First Open Lien Mortgage Recording Date: Nov 23, 2021
  • First Open Lien Mortgage Loan Amount: $2,800,000
  • 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: Dec 01, 2051
  • Second Open Lien Mortgage Lender: QUORUM FEDERAL CU
  • Second Open Lien Mortgage Recording Date: Nov 23, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $350,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Dec 01, 2051

    Market Valuation

  • Market Total Value: $3,590,228
  • Market Land Value: $261,400
  • Market Improvement Value: $3,328,828

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,112,655

    Sales

  • Current Sale Contract Date: Nov 10, 2021
  • Current Sale Recording Date: Nov 23, 2021
  • Current Sale Transaction ID: 11876850192
  • Current Sale Price: $3,500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1305514
  • Previous Sale Recording Date: Nov 04, 2020
  • Previous Sale Contract Date: Nov 03, 2020
  • Previous Sale Amount: $243,700
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: NEXERA HOLDING LLC
  • First Mortgage Transaction Date: Nov 23, 2021
  • First Mortgage Loan Amount: $2,800,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: CACHE VALLEY BANK
  • Previous Mortgage Transaction Date: Nov 04, 2020
  • Previous Mortgage Loan Amount: $194,975
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Cache



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Frequently Asked Questions

What neighborhood is 3497 South 5700 West located in?
The 3497 South 5700 West is a located in the neighborhood of Cache in Cache, Wellsville.
What is the average sales price for listings in 3497 South 5700 West?
The average sales price for units in 3497 South 5700 West is $0 currently.

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