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978 North 500 East

978 North 500 East, Springville, UT 84663
House in Utah
Sold Sep 11, 2020
$454,700
$363,750 by Utah Community Cu
Mortgage Due Oct 01, 2050
Sold Oct 24, 1996
$175,000
$140,000 by First Security Bank N A
Mortgage Due Nov 01, 2026
978 North 500 East has been categorized by the local assessors in Springville, UT as a residential type of property. The building on the property was first built in 1996 and is 28 years old. The home has a total of 10 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 978 North 500 East has 1,671 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 8,015 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a a-frame style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 460 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C+ by the local assessor. The building has a gable style roof made of shingle (not wood). The exterior walls of the building are made of alum/vinyl siding. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. 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, 978 North 500 East was last sold in Sep 10, 2020 for $454,700. According to our calculations, that's $272.11 per sqft. Prior to that sales transaction, the property was sold for $175,000 in Oct 23, 1996. Current property owners are expected to pay $2,442 in taxes per year. The property on 978 North 500 East was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $250,470. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.

Building Features

Exterior

Aluminum Siding
Brick Exterior

Parking

Covered Parking
Open Parking
RV Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Masonry
  • Building Style: A-frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 927
  • Garage Type: Attached
  • Garage Square Area: 460
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 8,015
  • Total Building Area: 1,671
  • Gross Building Area: 2,920
  • Building Area: 1,671
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,671
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SPRINGVILLE HEIGHTS
  • Land Acres: 0.184
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 86, PLAT B, SPRINGVILLE HEIGHTS SUBDV. AREA 0.184 AC

Ownership

  • Current Owner : PHELPS PAUL J
  • Current Owner 2: PHELPS ERIN ELMONT
  • Previous Owner : WILKINS BARRY M
  • Previous Owner 2: WILKINS LISA M
  • Owner Before Previous Owner: KLAUCK MICHAEL W
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Nebo School District
  • Census Tract: 003001

Geography

  • Parcel: 52-562-0086
  • Lot: 86
  • Municipality: SPRINGVILLE
  • Latitude: 40.1805
  • Longitude: -111.601

    Address

  • Full Address: 978 N 500 E
  • Address - House Number: 978
  • Street Segment Direction: E
  • Street Direction: N
  • Address - Street Name: 500
  • State: UT
  • City Name: Springville
  • Carrier Code: C010
  • 4-Digit Zip Code: 3400
  • Zip Code: 84663

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,442
  • Tax Rate Code Area: 130

    Appraisal Valuation

  • Standard Deviation: 0.1695
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 78
  • Final Value: 496,365
  • High Value: 580,523
  • Low Value: 412,207

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $363,750
  • First Open Lien Mortgage Lender: UTAH COMMUNITY CU
  • First Open Lien Mortgage Recording Date: Sep 11, 2020
  • First Open Lien Mortgage Loan Amount: $363,750
  • 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: $455,400
  • Market Land Value: $164,500
  • Market Improvement Value: $290,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $250,470

    Sales

  • Current Sale Contract Date: Sep 10, 2020
  • Current Sale Recording Date: Sep 11, 2020
  • Current Sale Transaction ID: 11790542354
  • Current Sale Price: $454,700
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 138388:2020
  • Previous Sale Recording Date: Oct 24, 1996
  • Previous Sale Contract Date: Oct 23, 1996
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UTAH COMMUNITY CU
  • First Mortgage Transaction Date: Sep 11, 2020
  • First Mortgage Loan Amount: $363,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: FIRST SECURITY BANK N A
  • Previous Mortgage Transaction Date: Oct 24, 1996
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $140,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Nov 01, 2026

About Springville



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Frequently Asked Questions

What neighborhood is 978 North 500 East located in?
The 978 North 500 East is a house located in the neighborhood of Utah in Springville, Springville.
What is the average sales price for listings in 978 North 500 East?
The average sales price for units in 978 North 500 East is $0 currently.

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