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527 Park Avenue

527 Park Avenue, Park City, UT 84060
Property in Summit
Sold Mar 19, 2021
$2,500,000
$2,000,000 by Morgan Stanley Private Bank Na
Mortgage Due Apr 01, 2051
Sold Sep 16, 2008
Transfer
527 Park Avenue in Park City, UT was first built in 1934 and is 90 years old. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 527 Park Avenue has 1,942 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 basement is 693 sqft and has been categorized as a partial basement. In total, the area measurement of the land is 3,920 square feet.

Learn more about the property and building on this page. For those who need parking, there is a attached garage. The garage is 306 sqft. There is one available parking space. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 527 Park Avenue was last sold in Mar 17, 2021 for $2,500,000. According to our calculations, that's $1,112.10 per sqft. Current property owners are expected to pay $9,952 in taxes per year. The property on 527 Park Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,765,104. To break that down further, the land itself was valued at $577,500. While improvements to the property were assessed at a total of $1,187,604. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1934
  • Effective Year Built: 1934
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Floor Count: 1
  • Basement Type: Partial basement
  • Basement Area: 693
  • Garage Type: Attached
  • Garage Square Area: 306
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,920
  • Total Building Area: 2,248
  • Gross Building Area: 2,248
  • Building Area: 1,942
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,942
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: QUEEN II REPLAT SUBDIVISION
  • Land Acres: 0.09
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LOT 1 QUEEN II REPLAT SUBDIVISION; ACCORDING TO THE OFFICIAL PLAT ON FILE IN THE SUMMIT COUNTY RECORDERS OFFICE CONT 3750 SQ FT OR 0.09 AC 1313-1153-1163 1370-1078-1086 1615-523 1720-1618 1949-749 2649-1579 RACHEL WILSON AS TRUSTEE OF THE RACHEL WILS

Ownership

  • Current Owner : WILSON RACHEL
  • Current Owner 2: RACHEL WILSON REVOCABLE TRUST
  • Previous Owner : MELVILLE SANFORD J
  • Previous Owner 2: MELVILLE HOPE E
  • Owner Before Previous Owner: LAPPAS MONIQUE
  • Owner Before Previous Owner 2: FORD TODD D
  • Ownership Rights Codes: Revocable Trust

Neighborhood

  • School District Name: Park City School District
  • Census Tract: 964402

Geography

  • Account Number: 0357974
  • District: 09
  • Parcel: QUEEN-1
  • Lot: 1
  • Municipality: PARK CITY DISTRICT
  • Latitude: 40.6444
  • Longitude: -111.497

    Address

  • Full Address: 527 Park Ave
  • Address - House Number: 527
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: UT
  • City Name: Park City
  • Zip Code: 84060

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,952
  • Tax Rate Code Area: 9

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,000,000
  • First Open Lien Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Open Lien Mortgage Recording Date: Mar 19, 2021
  • 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: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2051

    Market Valuation

  • Market Total Value: $3,209,280
  • Market Land Value: $1,050,000
  • Market Improvement Value: $2,159,280

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,765,104
  • Assessed Land Value: $577,500
  • Assessed Improvements Value: $1,187,604

    Sales

  • Current Sale Contract Date: Mar 17, 2021
  • Current Sale Recording Date: Mar 19, 2021
  • Current Sale Transaction ID: 11826651807
  • Current Sale Price: $2,500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1158590
  • Previous Sale Recording Date: Sep 16, 2008
  • Previous Sale Contract Date: Sep 15, 2008
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Mortgage Transaction Date: Mar 19, 2021
  • First Mortgage Loan Amount: $2,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

About Park City



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Nearby Rentals

Unit for rent at 1846 Prospector Avenue, #301, Park City, UT, 84060

$2,900 /mo

  • 1 Bed
  • 1 Bath
  • 600 ft²
1846 Prospector Avenue #1846 Prospector Avenue, #301, #301, Park City, UT, 84060 Listing by Manager

Frequently Asked Questions

What neighborhood is 527 Park Avenue located in?
The 527 Park Avenue is a located in the neighborhood of Summit in Park City, Park City.
What is the average sales price for listings in 527 Park Avenue?
The average sales price for units in 527 Park Avenue is $0 currently.

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