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8565 South Terrace Drive

8565 South Terrace Drive, Sandy, UT 84093
Property in Salt Lake
Sold Nov 10, 2020
$321,300
$257,000 by My Move Mortgage Llc
Mortgage Due Dec 01, 2050
Sold Jun 07, 2005
$238,200
$235,040 by First Source Funding
Mortgage Due Jul 01, 2035
Local assessors in Sandy, UT have categorized 8565 South Terrace Drive as a residential type of property. The home was built in 1980 and is 44 years old. It was most recently renovated and altered in 2005. The property's lot size has been calculated to be 10,019 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 15 rooms in the home. Of these, 5 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 are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 8565 South Terrace Drive has a total of 3,808 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a partial basement that is 1,404 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 714 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. 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 good. 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 electric heaters is the primary heating source and it is being fueled with electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 8565 South Terrace Drive sold most recently in Nov 5, 2020 for a total of $321,300. If you work out the math, that's approximately a cost of $69.46 per sqft. Before that, the property was also sold for $238,200 in Jun 6, 2005. 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 $3,688 in taxes each year. 8565 South Terrace Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $690,000. If we break it down further, the land itself was valued at $280,500. Improvements to the property, however, were assessed at a total of $409,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1980
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 15
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 1
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: C
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 1,404
  • Parking Type: Offsite
  • Garage Type: Attached
  • Garage Square Area: 714
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 4,626
  • Gross Building Area: 4,722
  • Building Area: 3,808
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Electric
  • Heated Square Feet: 3,808
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: WILLOW CREEK TERRACE #5
  • Land Acres: 0.23
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 157, WILLOW CREEK TERRACE #5 5125-1151 5323-1334 5722-0670 7644-1065 8634-7598 09141-7797 10851-9708

Ownership

  • Current Owner : FINDLAY RICHARD Q
  • Previous Owner : FINDLAY RICHARD Q
  • Previous Owner 2: RICHARD Q FINDLAY LIVING TRUST
  • Owner Before Previous Owner: GAO XIANGZHE
  • Owner Before Previous Owner 2: DING XIAOHONG
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Canyons School District
  • Census Tract: 112619

Zoning

  • Zoning: 1108

Geography

  • Assessors Map Reference: 22-34-354
  • Parcel: 22-34-354-006-0000
  • Lot: 157
  • Meridian: SEC 34 TWN 3S RNG 1E
  • Municipality: SANDY
  • Latitude: 40.5957
  • Longitude: -111.833

    Address

  • Full Address: 8565 S Terrace Dr
  • Address - House Number: 8565
  • Street Direction: S
  • Address - Street Name: Terrace
  • Address - Suffix Type: Dr
  • State: UT
  • City Name: Sandy
  • Carrier Code: C008
  • 4-Digit Zip Code: 1075
  • Zip Code: 84093

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,688
  • Tax Rate Code Area: 35E

    Appraisal Valuation

  • Standard Deviation: 0.211
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 819,419
  • High Value: 992,380
  • Low Value: 646,457

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $257,000
  • First Open Lien Mortgage Lender: MY MOVE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Nov 10, 2020
  • First Open Lien Mortgage Loan Amount: $257,000
  • 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: Dec 01, 2050

    Market Valuation

  • Market Total Value: $690,000
  • Market Land Value: $280,500
  • Market Improvement Value: $409,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $690,000
  • Assessed Land Value: $280,500
  • Assessed Improvements Value: $409,500

    Sales

  • Current Sale Contract Date: Nov 05, 2020
  • Current Sale Recording Date: Nov 10, 2020
  • Current Sale Transaction ID: 11802328206
  • Current Sale Price: $321,300
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 13456391
  • Previous Sale Recording Date: Jun 07, 2005
  • Previous Sale Contract Date: Jun 06, 2005
  • Previous Sale Amount: $238,200
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MY MOVE MORTGAGE LLC
  • First Mortgage Transaction Date: Nov 10, 2020
  • First Mortgage Loan Amount: $257,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: FIRST SOURCE FUNDING
  • Previous Mortgage Transaction Date: Jun 07, 2005
  • Previous Mortgage Loan Amount: $235,040
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Jul 01, 2035

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Frequently Asked Questions

What neighborhood is 8565 South Terrace Drive located in?
The 8565 South Terrace Drive is a located in the neighborhood of Salt Lake in Sandy, Sandy.
What is the average sales price for listings in 8565 South Terrace Drive?
The average sales price for units in 8565 South Terrace Drive is $0 currently.

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