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985 North 940 East

985 North 940 East, Lehi, UT 84043
Property in Utah
Sold Oct 09, 2020
$22,200
$17,750 by Veritas Funding Llc
Mortgage
Sold Oct 09, 2020
$338,300
$333,841 by Veritas Funding Llc
Mortgage Due Nov 01, 2050
Local assessors in Lehi, UT have categorized 985 North 940 East as a residential type of property. The home was built in 1976 and is 48 years old. The property's lot size has been calculated to be 10,062 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a a-frame style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 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 is also a partial bathroom. 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 985 North 940 East has a total of 1,421 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 finished improved basement that is 676 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. Additional features on the property are as follows. There is a built-in garage for those who need a place to park their vehicle. The garage on the property is 520 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. 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 gable style roof that was made of composition shingle. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. Residents rely on air conditioning for their cooling system. The home's a central heating system is the primary heating source. 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, 985 North 940 East sold most recently in Oct 9, 2020 for a total of $22,200. If you work out the math, that's approximately a cost of $15.62 per sqft. Before that, the property was also sold for $338,300 in Oct 8, 2020. 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 $1,758 in taxes each year. 985 North 940 East was most recently assessed in 2020. During this assessment, the property's total value was estimated to be about $323,700. If we break it down further, the land itself was valued at $105,000. Improvements to the property, however, were assessed at a total of $218,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1976
  • Effective Year Built: 1976
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 1
  • Building Condition: Good
  • 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: Composition shingle
  • Floor Count: 1
  • Basement Type: Finished improved basement
  • Basement Area: 676
  • Garage Type: Built-in
  • Garage Square Area: 520
  • Parking Space Count: 2
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 10,062
  • Total Building Area: 1,421
  • Gross Building Area: 2,617
  • Building Area: 1,421
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Central heating
  • Heated Square Feet: 1,421
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ALTO ROYA
  • Land Acres: 0.231
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 4, PLAT A, ALTO ROYAL SUBDV. AREA 0.231 AC

Ownership

  • Current Owner : GONZALEZ LUIS
  • Current Owner 2: GONZALEZ JONATHAN
  • Previous Owner : GONZALEZ LUIS
  • Previous Owner 2: GONZALEZ JONATHAN
  • Owner Before Previous Owner: ASHCRAFT ALEXIS L
  • Owner Before Previous Owner 2: ASHCRAFT RICHARD V
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Alpine School District
  • Census Tract: 000105

Geography

  • Parcel: 34-017-0004
  • Lot: 4
  • Municipality: LEHI
  • Latitude: 40.4001
  • Longitude: -111.835

    Address

  • Full Address: 985 N 940 E
  • Address - House Number: 985
  • Street Segment Direction: E
  • Street Direction: N
  • Address - Street Name: 940
  • State: UT
  • City Name: Lehi
  • Carrier Code: C003
  • 4-Digit Zip Code: 1415
  • Zip Code: 84043

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $1,758
  • Tax Rate Code Area: 10

    Appraisal Valuation

  • Standard Deviation: 0.1642
  • Valuation Date: Mar 17, 2021
  • Confidence Score: 79
  • Final Value: 337,003
  • High Value: 392,359
  • Low Value: 281,646

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $17,750
  • First Open Lien Mortgage Lender: VERITAS FUNDING LLC
  • First Open Lien Mortgage Recording Date: Oct 09, 2020
  • First Open Lien Mortgage Loan Amount: $17,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Second

    Market Valuation

  • Market Total Value: $323,700
  • Market Land Value: $105,000
  • Market Improvement Value: $218,700

    Assessments Valuation

  • Assessed Year: 2020
  • Assessed Total Value: $323,700
  • Assessed Land Value: $105,000
  • Assessed Improvements Value: $218,700

    Sales

  • Current Sale Contract Date: Oct 09, 2020
  • Current Sale Recording Date: Oct 09, 2020
  • Current Sale Transaction ID: 11801841493
  • Current Sale Price: $22,200
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 158663:2020
  • Previous Sale Recording Date: Oct 09, 2020
  • Previous Sale Contract Date: Oct 08, 2020
  • Previous Sale Amount: $338,300
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: VERITAS FUNDING LLC
  • First Mortgage Transaction Date: Oct 09, 2020
  • First Mortgage Loan Amount: $17,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Stand Alone Second

    Previous Mortgages

  • Previous Mortgage Lender: VERITAS FUNDING LLC
  • Previous Mortgage Transaction Date: Oct 09, 2020
  • Previous Mortgage Loan Amount: $333,841
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Nov 01, 2050

About Lehi



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Frequently Asked Questions

What neighborhood is 985 North 940 East located in?
The 985 North 940 East is a located in the neighborhood of Utah in Lehi, Lehi.
What is the average sales price for listings in 985 North 940 East?
The average sales price for units in 985 North 940 East is $0 currently.

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