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5 South 500 West

5 South 500 West, Salt Lake City, UT 84101
Condo in Rio Grande
1 Units For Sale
Unit for sale at 5 S 500 ST, Salt Lake City, UT 84101

$365,000

  • Loft
  • 1 Bath
5 S 500 ST #616, Salt Lake City, UT 84101 Listing by Daniel Lopez

5 South 500 West is a condo located in Rio Grande, Salt Lake City. The building was first built in 2001 and is 23 years old. In total, 5 South 500 West has a total floor area of 150,400 square feet. 5 South 500 West has a total of 1 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. On weekends, residents can enjoy the building's deck and patio space. There are 70 closings on record, of which we have matching data for 10 listings. In the past 3 years, a listing in this building will typically remain on the market for about 81 days and tend to sell above the original asking price of $418,850 by 6.62%. Meaning, listings tend to sell at a median of $386 price per square foot. The transaction that took the longest to complete was unit 305, listed on Oct 20, 2019 for $319,900. This particular unit ultimately sold 255 days later for $255,000. The most recent transaction was for unit 818, sold for $376,748 on Aug 01, 2023. Fun fact, the oldest transaction we have on record took place on Oct 27, 2004. See the full transaction history for 5 South 500 West below.

Rio Grande, where 5 South 500 West is located, has a median asking price of $327,000 for condo buildings. Meanwhile, the building itself has a median asking price of $418,850. For interested buyers, that means the building's median asking price is around inf% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $365,000. It is a and 1-bathroom unit.

Building Features

Parking

Covered Parking
Parking Available
This property description is generated based on publicly available data.

39 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230510 Unit 1102
05/10/2023
Loft
1 Bath
-
$599,900
bedrooms
Loft
bathrooms
1 Bath
-
05/24/2023
Babs De Lay
Urban Utah Homes & Estates
20230220 Unit 714
02/20/2023
714
2 Bed
1 Bath
-
$550,000
bedrooms
2 Bed
bathrooms
1 Bath
-
-
-
Paz Ortiz
iPro Realty Network (Union Park)
20220629 Unit 1116
06/29/2022
1 Bed
1 Bath
-
$375,000
bedrooms
1 Bed
bathrooms
1 Bath
-
-
-
Maile O'Rourke
IMPOWER REAL ESTATE
20220427 Unit 302
04/27/2022
302
1 Bed
2 Bath
-
$475,000
bedrooms
1 Bed
bathrooms
2 Bath
-
-
-
Maggie Gezon
Bere Regis Realty
20220405 Unit 809
04/05/2022
809
1 Bed
1 Bath
-
$350,000
bedrooms
1 Bed
bathrooms
1 Bath
-
-
-
Anita Murphy
KW Utah Realtors Keller Williams
20220311 Unit 1002
03/11/2022
2 Bed
1 Bath
-
$600,000
bedrooms
2 Bed
bathrooms
1 Bath
-
-
-
Maggie Gezon
Bere Regis Realty
20220211 Unit 803
02/11/2022
803
Loft
1 Bath
-
$1,800
bedrooms
Loft
bathrooms
1 Bath
-
-
-
Greg Reed
Equity Real Estate - Solid
20211213 Unit 1208
12/13/2021
2 Bed
1 Bath
-
$550,000
bedrooms
2 Bed
bathrooms
1 Bath
-
-
-
Sonya Smithing
RE/MAX ASSOCIATES LAYTON
20210817 Unit 904
08/17/2021
904
2 Bed
1 Bath
-
$418,700
bedrooms
2 Bed
bathrooms
1 Bath
$448,900 +7.21%
11/18/2021
Carol Glenday
Equity Real Estate - Solid
20210702 Unit 803
07/02/2021
803
1 Bed
1 Bath
-
$362,500
bedrooms
1 Bed
bathrooms
1 Bath
-
-
-
Kevin Jensen
Berkshire Hathaway HomeServices Utah - Salt Lake
20210625 Unit 104
06/25/2021
104
2 Bed
3 Bath
-
$729,000
bedrooms
2 Bed
bathrooms
3 Bath
-
-
-
Maggie Gezon
Bere Regis Realty
20210625 Unit 1018
06/25/2021
1 Bed
1 Bath
-
$340,000
bedrooms
1 Bed
bathrooms
1 Bath
-
-
-
Maggie Gezon
Bere Regis Realty
20210606 Unit 1208
06/06/2021
2 Bed
1 Bath
-
$600,000
bedrooms
2 Bed
bathrooms
1 Bath
-
-
-
Maggie Gezon
Bere Regis Realty
20210507 Unit 1005
05/07/2021
2 Bed
1 Bath
-
$419,000
bedrooms
2 Bed
bathrooms
1 Bath
$409,000 -2.39%
06/14/2021
Maggie Gezon
20210210 Unit 1209
02/10/2021
1 Bed
1 Bath
-
$375,000
bedrooms
1 Bed
bathrooms
1 Bath
-
-
-
Maggie Gezon
Bere Regis Realty
20201207 Unit 910
12/07/2020
910
3 Bed
1 Bath
1460 ft²
$649,000
bedrooms
3 Bed
bathrooms
1 Bath
square feet
1460 ft²
$638,800 -1.57%
03/23/2021
Marvin Jensen
20201105 Unit 309
11/05/2020
309
Loft
2 Bath
880 ft²
$339,999
bedrooms
Loft
bathrooms
2 Bath
square feet
880 ft²
$362,500 +6.62%
03/25/2021
Maggie Gezon
20200826 Unit 612
08/26/2020
612
1 Bed
1 Bath
739 ft²
$275,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
739 ft²
$332,500 +20.91%
10/30/2020
Kamee Shrope
20200409 Unit 818
04/09/2020
818
1 Bed
1 Bath
696 ft²
$285,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
696 ft²
$320,600 +12.49%
05/13/2020
Brooke Graham
20200122 Unit 1107
01/22/2020
2 Bed
2 Bath
1269 ft²
$450,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1269 ft²
$506,300 +12.51%
04/01/2020
Michael Budge
20191121 Unit 910
11/21/2019
910
3 Bed
2 Bath
1460 ft²
$655,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1460 ft²
-
-
-
-
20191105 Unit 1201
11/05/2019
2 Bed
2 Bath
1163 ft²
$489,900
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1163 ft²
$485,700 -0.86%
05/06/2020
Maggie Gezon
20191020 Unit 305
10/20/2019
305
1 Bed
2 Bath
920 ft²
$319,900
bedrooms
1 Bed
bathrooms
2 Bath
square feet
920 ft²
$255,000 -20.29%
07/01/2020
Anita Murphy
20190912 Unit 502
09/12/2019
502
2 Bed
2 Bath
1390 ft²
$449,900
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1390 ft²
-
-
-
-
20190512 Unit 1218
05/12/2019
1 Bed
1 Bath
750 ft²
$318,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
750 ft²
-
-
-
-
20190124 Unit 918
01/24/2019
918
1 Bed
1 Bath
700 ft²
$235,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
700 ft²
-
-
-
-
20190509 Unit 1003
05/09/2019
1 Bed
1 Bath
698 ft²
$255,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
698 ft²
-
-
-
-
20190123 Unit 305
01/23/2019
305
1 Bed
2 Bath
964 ft²
$290,000
bedrooms
1 Bed
bathrooms
2 Bath
square feet
964 ft²
-
-
-
-
20181223 Unit 312
12/23/2018
312
1 Bed
2 Bath
950 ft²
$315,000
bedrooms
1 Bed
bathrooms
2 Bath
square feet
950 ft²
-
-
-
-
20181128 Unit 910
11/28/2018
910
3 Bed
2 Bath
1460 ft²
$695,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1460 ft²
-
-
-
-
20181121 Unit 811
11/21/2018
811
2 Bed
2 Bath
1197 ft²
$379,900
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1197 ft²
-
-
-
-
20180929 Unit 503
09/29/2018
503
1 Bed
1 Bath
698 ft²
$239,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
698 ft²
-
-
-
-
20180825 Unit 309
08/25/2018
309
1 Bed
2 Bath
988 ft²
-
bedrooms
1 Bed
bathrooms
2 Bath
square feet
988 ft²
-
-
-
-
20180813 Unit 917
08/13/2018
917
1 Bed
1 Bath
753 ft²
-
bedrooms
1 Bed
bathrooms
1 Bath
square feet
753 ft²
-
-
-
-
20180813 Unit 818
08/13/2018
818
1 Bed
1 Bath
696 ft²
-
bedrooms
1 Bed
bathrooms
1 Bath
square feet
696 ft²
-
-
-
-
20180621 Unit 1209
06/21/2018
1 Bed
1 Bath
736 ft²
-
bedrooms
1 Bed
bathrooms
1 Bath
square feet
736 ft²
-
-
-
-
20180615
06/15/2018
1 Bed
1 Bath
753 ft²
-
bedrooms
1 Bed
bathrooms
1 Bath
square feet
753 ft²
-
-
-
-
20171215 Unit 910
12/15/2017
910
3 Bed
2 Bath
1460 ft²
$725,000
bedrooms
3 Bed
bathrooms
2 Bath
square feet
1460 ft²
-
-
-
-
20170902
09/02/2017
2 Bed
2 Bath
930 ft²
-
bedrooms
2 Bed
bathrooms
2 Bath
square feet
930 ft²
-
-
-
-

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2009
  • Building Count: 3
  • Bedroom Count: 0
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 436
  • Total Building Area: 150,400
  • Gross Building Area: 150,400
  • Building Area: 150,400
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 150,400
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: BLOCK C2 CONDOMINIUM PROJECT
  • Land Acres: 0.01
  • Legal Description 1: RETAIL UNIT 1A, GATEWAY BLOCK C2 AMENDED

Ownership

  • Current Owner : VESTAR GATEWAY LLC
  • Previous Owner : INLAND WESTERN SALT LAKE CITY GATEWAY LL
  • Owner Before Previous Owner: OOMMEN BONNEY S
  • Owner Before Previous Owner 2: KARTHIKEYAN MANJU
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Salt Lake City School District
  • Census Tract: 102501

Zoning

  • Zoning: GMU

Geography

  • Assessors Map Reference: 15-01-130
  • Parcel: 15-01-130-174-0000
  • Block: C
  • Meridian: SEC 01 TWN 1N RNG 1W
  • Municipality: SALT LAKE CITY
  • Latitude: 40.7688
  • Longitude: -111.905

    Address

  • Full Address: 5 S 500 W
  • Legal Unit: 1
  • Address - House Number: 5
  • Street Segment Direction: W
  • Street Direction: S
  • Address - Street Name: 500
  • State: UT
  • City Name: Salt Lake City
  • Carrier Code: C001
  • 4-Digit Zip Code: 4120
  • Zip Code: 84101

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $216,701
  • Tax Rate Code Area: 01N

    Market Valuation

  • Market Total Value: $21,920,000
  • Market Land Value: $1,899,900
  • Market Improvement Value: $20,020,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,920,000
  • Assessed Land Value: $1,899,900
  • Assessed Improvements Value: $20,020,100

    Sales

  • Current Sale Contract Date: Feb 01, 2016
  • Current Sale Recording Date: Feb 03, 2016
  • Current Sale Transaction ID: 1442158498
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 12216313
  • Previous Sale Recording Date: May 04, 2012
  • Previous Sale Contract Date: Apr 25, 2012
  • Previous Sale Amount: $282,800
  • Previous Sale Document Type: unknown

    Previous Mortgages

  • Previous Mortgage Lender: QUICKEN LOANS INC
  • Previous Mortgage Transaction Date: May 04, 2012
  • Previous Mortgage Loan Amount: $279,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: unknown
  • Previous Mortgage Loan Due Date: May 01, 2027

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Frequently Asked Questions

What neighborhood is 5 South 500 West located in?
The 5 South 500 West is a condo located in the neighborhood of Rio Grande in Downtown Salt Lake City, Salt Lake City.
How many listings are currently for sale in 5 South 500 West?
This is a single-family home. The property is currently on the market for sale.
What is the average sales price for listings in 5 South 500 West?
The average sales price for units in 5 South 500 West is $418,850 , or $386/sqft. currently.

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