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5 West Malvern Avenue

5 West Malvern Avenue, Salt Lake City, UT 84115
Sold Jul 13, 2017
$187,500
$180,000 by Everett Financial Inc
Mortgage Due Oct 01, 2050
Sold May 29, 2015
$184,100
$147,250 by Academy Mortgage Corp
Mortgage Due Jun 01, 2045
Local assessors in Salt Lake City, UT have categorized 5 West Malvern Avenue as a residential type of property. The home was built in 1920 and is 104 years old. It was most recently renovated and altered in 1999. The property's lot size has been calculated to be 6,098 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a cottage style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. 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 5 West Malvern Avenue has a total of 832 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. The home sources its water from a water system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a roof that is made of asphalt. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. 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, 5 West Malvern Avenue sold most recently in Jul 11, 2017 for a total of $187,500. If you work out the math, that's approximately a cost of $196.13 per sqft. Before that, the property was also sold for $184,100 in May 28, 2015. 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 $1,701 in taxes each year. 5 West Malvern Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $276,500. If we break it down further, the land itself was valued at $83,400. Improvements to the property, however, were assessed at a total of $193,100. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1920
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Cottage
  • Exterior Walls Type: Brick
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 124
  • Parking Type: Offsite
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,098
  • Total Building Area: 956
  • Gross Building Area: 1,092
  • Building Area: 832
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 832
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SOUTHGATE PARK
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOTS 77 & 78 BLK 1 SOUTHGATE PARK PLAT A 5303-107 5483-2173 6005-719 8449-8944 8504-1462 8908-7636 8915-2498 8955-6986 9819-5520 10329-0942

Ownership

  • Current Owner : REICH SHELLEY J
  • Current Owner 2: REICH BENJAMIN E
  • Previous Owner : WEBER BRYCE
  • Previous Owner 2: WEBER JENNIFER
  • Owner Before Previous Owner: ORFANOS JOSHUA R
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Granite School District
  • Census Tract: 111500

Zoning

  • Zoning: 1206

Geography

  • Assessors Map Reference: 15-24-482
  • Parcel: 15-24-482-012-0000
  • Block: 1
  • Lot: 77,78
  • Meridian: SEC 24 TWN 1N RNG 1W
  • Municipality: SALT LAKE
  • Latitude: 40.7133
  • Longitude: -111.892

    Address

  • Full Address: 5 W Malvern Ave
  • Address - House Number: 5
  • Street Direction: W
  • Address - Street Name: Malvern
  • Address - Suffix Type: Ave
  • State: UT
  • City Name: South Salt Lake
  • Carrier Code: C022
  • 4-Digit Zip Code: 3024
  • Zip Code: 84115

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,701
  • Tax Rate Code Area: 14

    Appraisal Valuation

  • Standard Deviation: 0.2199
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 416,560
  • High Value: 508,179
  • Low Value: 324,940

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $180,000
  • First Open Lien Mortgage Lender: EVERETT FINANCIAL INC
  • First Open Lien Mortgage Recording Date: Sep 23, 2020
  • First Open Lien Mortgage Loan Amount: $180,000
  • 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: Oct 01, 2050

    Market Valuation

  • Market Total Value: $276,500
  • Market Land Value: $83,400
  • Market Improvement Value: $193,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $276,500
  • Assessed Land Value: $83,400
  • Assessed Improvements Value: $193,100

    Sales

  • Current Sale Contract Date: Jul 11, 2017
  • Current Sale Recording Date: Jul 13, 2017
  • Current Sale Transaction ID: 1590021239
  • Current Sale Price: $187,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 12575160
  • Previous Sale Recording Date: May 29, 2015
  • Previous Sale Contract Date: May 28, 2015
  • Previous Sale Amount: $184,100
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: EVERETT FINANCIAL INC
  • First Mortgage Transaction Date: Jul 13, 2017
  • First Mortgage Loan Amount: $185,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: ACADEMY MORTGAGE CORP
  • Previous Mortgage Transaction Date: May 29, 2015
  • Previous Mortgage Loan Amount: $147,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2045

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Frequently Asked Questions

What neighborhood is 5 West Malvern Avenue located in?
The 5 West Malvern Avenue is a located in the neighborhood of South Salt Lake City in South Salt Lake City, Salt Lake City.
What is the average sales price for listings in 5 West Malvern Avenue?
The average sales price for units in 5 West Malvern Avenue is $0 currently.

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