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587 South Main Street

587 South Main Street, Springville, UT 84663
Property in Utah
587 South Main Street in Springville, UT was first built in 1975 and is 49 years old. This has been categorized as a office property type. It is a single story home. 587 South Main Street has 326 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. In total, the area measurement of the land is 55,321 square feet.

Learn more about the property and building on this page. The building type has been coded as 3. The code stands for buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame. The home has a flat style roof made of composition shingle. 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 average. The exterior walls of the home are made of masonry. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a central heating system. 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, 587 South Main Street was last sold in Jul 6, 2017 for $1,286,200. According to our calculations, that's $591.08 per sqft. Prior to that sales transaction, the property was sold for $143,400 in Jul 23, 1996. Current property owners are expected to pay $14,461 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2018. The property on 587 South Main Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,483,000. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 4
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C+
  • Exterior Walls Type: Masonry
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Flat
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 55,321
  • Total Building Area: 2,176
  • Gross Building Area: 2,176
  • Building Area: 2,176
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Central heating
  • Heated Square Feet: 326
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Office
  • Land Acres: 1.27
  • Standard Land Use Code: Office bldg (general)
  • Legal Description 1: COM S 144.41 FT & W 750.78 FT FR N 1/4 COR. SEC. 4, T8S, R3E, SLB&M.; S 89 DEG 40' 0" E 205.38 FT; S 0 DEG 33' 3" E 87.97 FT;

Ownership

  • Current Owner : RHATIGAN REAL ESTATE HOLDINGS L L C
  • Previous Owner : RHATIGAN REAL ESTATE HOLDINGS L L C
  • Owner Before Previous Owner: PARAMORE SCOTT K
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Nebo School District
  • Census Tract: 003105

Geography

  • Parcel: 26-030-0105
  • Meridian: SEC 04 TWN 08S RNG 03E
  • Municipality: SPRINGVILLE
  • Latitude: 40.1587
  • Longitude: -111.61

    Address

  • Full Address: 587 S Main St
  • Address - House Number: 587
  • Street Direction: S
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: UT
  • City Name: Springville
  • Carrier Code: C003
  • 4-Digit Zip Code: 2255
  • Zip Code: 84663

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $14,461
  • Intital Tax Deliquent Year: 2018
  • Tax Rate Code Area: 130

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,028,957
  • First Open Lien Mortgage Lender: BANK OF AMERICAN FORK
  • First Open Lien Mortgage Recording Date: Jul 06, 2017
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $1,028,957
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $1,634,200
  • Market Land Value: $643,800
  • Market Improvement Value: $990,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,483,000

    Sales

  • Current Sale Contract Date: Jul 06, 2017
  • Current Sale Recording Date: Jul 06, 2017
  • Current Sale Transaction ID: 1736108261
  • Current Sale Price: $1,286,200
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 065505:2017
  • Previous Sale Recording Date: Jul 25, 1996
  • Previous Sale Contract Date: Jul 23, 1996
  • Previous Sale Amount: $143,400
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICAN FORK
  • First Mortgage Transaction Date: Jul 06, 2017
  • First Mortgage Loan Amount: $1,028,957
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: ALLIANCE FUNDING COMPANY
  • Previous Mortgage Transaction Date: Jul 25, 1996
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $114,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Aug 01, 2026

About Springville



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Nearby Rentals

Unit for rent at 458 E 900 N, Springville, UT, 84663

$2,500 /mo

  • 5 Beds
  • 3 Baths
  • 2,100 ft²
458 E 900 N #458 E 900 N, Springville, UT, 84663 Listing by Manager

Frequently Asked Questions

What neighborhood is 587 South Main Street located in?
The 587 South Main Street is a located in the neighborhood of Utah in Springville, Springville.
What is the average sales price for listings in 587 South Main Street?
The average sales price for units in 587 South Main Street is $0 currently.

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