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545 East 700 South

545 East 700 South, Salt Lake City, UT 84102
Property in Central City
Sold Dec 08, 2023
Transfer
Sold Apr 16, 2021
$473,400
$378,750 by Key Bank Na
Mortgage Due May 01, 2051
Local assessors in Salt Lake City, UT have categorized 545 East 700 South as a residential type of property. The home was built in 2003 and is 21 years old. It was most recently renovated and altered in 2013. The property's lot size has been calculated to be 5,227 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 8 rooms in the home. Of these, 3 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 are 2 full bathrooms. There are also 2 partial bathrooms. 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 545 East 700 South has a total of 1,168 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 both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is unknown. 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 - C. The building has a roof that is made of asphalt. Lots of alum/vinyl siding 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. Before that, the property was also sold for $473,400 in Apr 14, 2021. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $2,877 in taxes each year. 545 East 700 South was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $529,200. If we break it down further, the land itself was valued at $167,400. Improvements to the property, however, were assessed at a total of $361,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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: 2003
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Building Style: Cottage
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Type: Offsite
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,227
  • Total Building Area: 1,168
  • Gross Building Area: 1,290
  • Building Area: 1,168
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,168
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: PLAT B
  • Land Acres: 0.12
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BEG AT SW COR LOT 2, BLK 19, PLAT B, SLC SUR; E 2 1/2 RDS; N7 1/2 RDS; W 2 1/2 RDS; S 7 1/2 RDS TO BEG. 3769-399 . 7150-0642 8765-4984 THRU 4988 8765-4989 8892-8338 8925-7032 9137-1036 9768-1772 9821-4862 10160-6415

Ownership

  • Current Owner : SIMON PROPERTY INVESTMENTS LLC
  • Previous Owner : AMIRI AVID
  • Owner Before Previous Owner: SON BRIAN MIN
  • Owner Before Previous Owner 2: SON SARAH DENISE
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Salt Lake City School District
  • Census Tract: 102000

Zoning

  • Zoning: 1205

Geography

  • Assessors Map Reference: 16-07-227
  • Parcel: 16-07-227-004-0000
  • Block: 19
  • Lot: 2
  • Meridian: SEC 07 TWN 1N RNG 1E
  • Municipality: SALT LAKE CITY
  • Latitude: 40.7544
  • Longitude: -111.875

    Address

  • Full Address: 545 E 700 S
  • Address - House Number: 545
  • Street Segment Direction: S
  • Street Direction: E
  • Address - Street Name: 700
  • State: UT
  • City Name: Salt Lake City
  • Carrier Code: C012
  • 4-Digit Zip Code: 3327
  • Zip Code: 84102

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,877
  • Tax Rate Code Area: 13

    Appraisal Valuation

  • Standard Deviation: 0.1899
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 612,695
  • High Value: 729,064
  • Low Value: 496,327

    Market Valuation

  • Market Total Value: $529,200
  • Market Land Value: $167,400
  • Market Improvement Value: $361,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $529,200
  • Assessed Land Value: $167,400
  • Assessed Improvements Value: $361,800

    Sales

  • Current Sale Contract Date: Dec 08, 2023
  • Current Sale Recording Date: Dec 08, 2023
  • Current Sale Transaction ID: 11918144684
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 14183789
  • Previous Sale Recording Date: Apr 16, 2021
  • Previous Sale Contract Date: Apr 14, 2021
  • Previous Sale Amount: $473,400
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: KEY BANK NA
  • Previous Mortgage Transaction Date: Apr 16, 2021
  • Previous Mortgage Loan Amount: $378,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2051

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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 545 East 700 South located in?
The 545 East 700 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 545 East 700 South?
The average sales price for units in 545 East 700 South is $0 currently.

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