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419 East 300 South

419 East 300 South, Salt Lake City, UT 84111
Property in Central City
Sold Oct 06, 2017
$2,500,000
$2,000,000 by Readycap Commercial Llc
Mortgage
Sold Aug 03, 2005
$1,250,000
$1,000,000 by Citibank Fsb
Mortgage Due Aug 01, 2020
419 East 300 South in Salt Lake City, UT was first built in 1924 and is 100 years old. Although, the building on the property was most recently renovated and altered in 2016. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. There are a total of 4 floors. There are a total of 0 rooms in the home, of which, 15 are bedrooms. In terms of bathrooms, there are a total of 15 full bathrooms. There are 15 partial bathrooms. 419 East 300 South has 4,360 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 580 ft and the linear feet between the front and back of the lot is 3,150. In total, the area measurement of the land is 18,295 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a water system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as unknown. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit. 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, 419 East 300 South was last sold in Oct 5, 2017 for $2,500,000. According to our calculations, that's $573.39 per sqft. Prior to that sales transaction, the property was sold for $1,250,000 in Jul 20, 2005. Current property owners are expected to pay $27,718 in taxes per year. The property on 419 East 300 South was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $5,097,800. To break that down further, the land itself was valued at $2,074,000. While improvements to the property were assessed at a total of $3,023,800. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1924
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 15
  • Bathroom Count: 15
  • Full Bathrooms: 15
  • Partial Bathrooms: 15
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Brick
  • Floor Count: 4
  • Living Units: 9
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 18,295
  • Lot Size Depth Feet: 3,150
  • Lot Size Frontage Feet: 580
  • Total Building Area: 4,360
  • Gross Building Area: 4,360
  • Building Area: 4,360
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 4,360
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: PLAT B
  • Land Acres: 0.42
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: BEG SE COR LOT 4, BLK 51, PLAT B, SLC SUR; S 89^5822 W 33 FT; N 0^0149 W 330 FT; N 89^5822 E 52 FT; S 0^0149 E 165 FT; N 89^5822 E 5.5 FT; S 0^0149 E 165 FT; S 89^5822 W 24.5 FT TO BEG. 8431-7716,7721 8431-7725 8868-4979 09168-9857

Ownership

  • Current Owner : INSAN 419 EAST LLC
  • Previous Owner : SSL PROPERTIES LLC
  • Owner Before Previous Owner: LERNER HUGO R
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Salt Lake City School District
  • Census Tract: 101900

Zoning

  • Zoning: R-MU

Geography

  • Assessors Map Reference: 16-06-206
  • Parcel: 16-06-206-034-0000
  • Block: 51
  • Lot: 4
  • Meridian: SEC 06 TWN 1N RNG 1E
  • Municipality: SALT LAKE CITY
  • Latitude: 40.7654
  • Longitude: -111.879

    Address

  • Full Address: 419 E 200 S Rear
  • Unit Type: REAR
  • Address - House Number: 419
  • Street Segment Direction: S
  • Street Direction: E
  • Address - Street Name: 200
  • State: UT
  • City Name: Salt Lake City
  • Carrier Code: C003
  • 4-Digit Zip Code: 2128
  • Zip Code: 84111

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $27,718
  • Tax Rate Code Area: 13

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,000,000
  • First Open Lien Mortgage Lender: READYCAP COMMERCIAL LLC
  • First Open Lien Mortgage Recording Date: Jun 01, 2018
  • First Open Lien Mortgage Loan Amount: $2,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $5,097,800
  • Market Land Value: $2,074,000
  • Market Improvement Value: $3,023,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,097,800
  • Assessed Land Value: $2,074,000
  • Assessed Improvements Value: $3,023,800

    Sales

  • Current Sale Contract Date: Oct 05, 2017
  • Current Sale Recording Date: Oct 06, 2017
  • Current Sale Transaction ID: 1397548989
  • Current Sale Price: $2,500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 12632495
  • Previous Sale Recording Date: Aug 03, 2005
  • Previous Sale Contract Date: Jul 20, 2005
  • Previous Sale Amount: $1,250,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: KEY BANK NA
  • First Mortgage Transaction Date: Oct 06, 2017
  • First Mortgage Loan Amount: $2,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: CITIBANK FSB
  • Previous Mortgage Transaction Date: Aug 03, 2005
  • Previous Mortgage Loan Amount: $1,000,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Aug 01, 2020

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Frequently Asked Questions

What neighborhood is 419 East 300 South located in?
The 419 East 300 South is a located in the neighborhood of Central City in Downtown Salt Lake City, Salt Lake City.
What is the average sales price for listings in 419 East 300 South?
The average sales price for units in 419 East 300 South is $0 currently.

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