Question 1

What is the asking price for 1489 OLD MILL, Montpelier?

Accepted Answer

1489 OLD MILL, Montpelier is listed at $12,000,000.  This listing is currently active and available for showings.

Question 2

What type of property is 1489 OLD MILL, Montpelier?

Accepted Answer

1489 OLD MILL, Montpelier is a Land (Residential).   Zoning: Agricultural.

Question 3

Is there an HOA for 1489 OLD MILL, Montpelier?

Accepted Answer

No, this property is not part of a homeowners association, which means no monthly HOA fees. Homeowners maintain full control over their property without HOA restrictions or assessments.

Question 4

What are the property taxes for 1489 OLD MILL, Montpelier?

Accepted Answer

Annual property taxes for this property are approximately $5,215 (about $435/month). This represents an effective tax rate of approximately 0.04% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 5

What are the key features of 1489 OLD MILL, Montpelier?

Accepted Answer

Exterior features include: Barn, Out Buildings, Bunkhouse, Corral(s).    View: Valley,Trees/Woods.

Question 6

How long has 1489 OLD MILL, Montpelier been on the market?

Accepted Answer

This property has been listed for 1 days. The average days on market in Montpelier is 187 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 7

Is 1489 OLD MILL, Montpelier suitable for horses?

Accepted Answer

Yes, this property is tagged as equestrian-friendly. The MLS listing confirms horse keeping is permitted. The 300-acre lot provides space for pasture and facilities. Check with the local municipality for any animal keeping permits required.

Question 8

Is 1489 OLD MILL, Montpelier a waterfront property?

Accepted Answer

Yes, this is a waterfront property. The property offers Valley,Trees/Woods views.  Waterfront properties in Utah are rare and typically command premium valuations.

Question 9

What schools serve 1489 OLD MILL, Montpelier?

Accepted Answer

Assigned schools: Elementary: A. J. Winters; Middle: Bear Lake; High: Bear Lake.   School district: BEAR LAKE COUNTY.

Question 10

What high school is near 1489 OLD MILL, Montpelier?

Accepted Answer

The nearest high school is Bear Lake. View the full school profile on Propaired for test scores, enrollment, and student-to-teacher ratios.

Question 11

What elementary school is near 1489 OLD MILL, Montpelier?

Accepted Answer

The nearest elementary school is A. J. Winters. Propaired provides full school ratings and comparison data for all schools in this area.

Question 12

What middle school is near 1489 OLD MILL, Montpelier?

Accepted Answer

The nearest middle school is Bear Lake.

Question 13

How does this listing compare to the Montpelier market?

Accepted Answer

1489 OLD MILL, Montpelier is listed at $12,000,000, which is above the Montpelier median of $288,000 by $11,712,000. There are currently 30 active listings in Montpelier. Homes in Montpelier sell in an average of 187 days. The average sale-to-list ratio is 96.8%.

Question 14

What is the Montpelier real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Montpelier is $288,000. There are currently 30 active listings. Homes sell in an average of 187 days. The average sale-to-list ratio is 96.8%. This listing at $12,000,000 is above the Montpelier 2026 median.

Question 15

Are there other homes for sale in Montpelier?

Accepted Answer

Yes — there are currently 30 active listings in Montpelier. Browse all Montpelier homes for sale at propaired.ai/listings/id/montpelier. Prices range around a median of $288,000. Homes in Montpelier are selling in about 187 days on average.

Question 16

How does this price compare to the Utah state average?

Accepted Answer

At $12,000,000, this property is above the Utah state median of $525,000 by $11,475,000. Montpelier prices are 45% below the state average. Utah's housing market varies significantly by region — front-range cities near SLC are typically more expensive than rural areas.

Question 17

What are the water and sewer connections for 1489 OLD MILL, Montpelier?

Accepted Answer

Sewer: None,Septic Tank.  Septic systems require regular pumping (every 3-5 years) and inspection. Budget approximately $300-$500 for routine maintenance. Water is a critical consideration in Utah's arid climate.

Question 18

What would homeowner's insurance cost for 1489 OLD MILL, Montpelier?

Accepted Answer

Homeowner's insurance in Utah typically ranges from 0.3% to 0.5% of the home's value annually. For a home listed at $12,000,000, expect approximately $36,000-$60,000/year ($3,000-$5,000/month).   Get multiple quotes — rates vary significantly by insurer.

Question 19

What are the estimated closing costs for 1489 OLD MILL, Montpelier?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $12,000,000, expect approximately $240,000-$600,000 in closing costs. This includes title insurance, escrow fees, lender fees, recording fees, and prepaid items (insurance, taxes). Buyers should also budget for a home inspection ($300-$500), appraisal ($400-$600), and any lender-required reserves.

Question 20

How does the property tax compare to the list price at 1489 OLD MILL, Montpelier?

Accepted Answer

The annual property tax of $5,215 represents an effective rate of 0.04% relative to the list price of $12,000,000. This is below the Utah average effective rate of approximately 0.58%, which is favorable for the buyer. Property taxes in Utah are assessed by the county and can change when the property is sold.

Question 21

Is 1489 OLD MILL, Montpelier eligible for FHA or VA financing?

Accepted Answer

At $12,000,000, this property may exceed standard FHA loan limits and could require a conventional or jumbo loan. VA loans have no price cap but require VA eligibility.    Consult a mortgage lender for personalized eligibility.

Question 22

Could 1489 OLD MILL, Montpelier be a 1031 exchange property?

Accepted Answer

Yes, 1489 OLD MILL, Montpelier could potentially qualify for a 1031 like-kind exchange if used as an investment or business property. A 1031 exchange allows deferral of capital gains taxes by reinvesting proceeds from one investment property into another. Key requirements include identifying a replacement property within 45 days and closing within 180 days. The property must be held for investment purposes — personal residences do not qualify. Consult a qualified intermediary and tax advisor for specific guidance.

Question 23

What is the price trend in Montpelier?

Accepted Answer

Montpelier's median price has increased 8.2% month-over-month. Current median: $288,000. Days on market have decreased by 11.2% month-over-month. Homes are selling at 96.8% of list price on average. Monitor these trends to time your offer strategically.

Question 24

What school district is 1489 OLD MILL, Montpelier in?

Accepted Answer

This property is in the BEAR LAKE COUNTY school district. Assigned elementary: A. J. Winters. Assigned middle: Bear Lake. Assigned high: Bear Lake. School district boundaries can affect property values by 5-15%. Contact the district directly to confirm current enrollment boundaries, as they may change.

Question 25

Is 1489 OLD MILL, Montpelier move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 26

Does 1489 OLD MILL, Montpelier come with a home warranty?

Accepted Answer

No home warranty is currently included with this property. Buyers can request a home warranty as part of the purchase negotiation — they typically cost $400-$700/year and cover major systems and appliances. This is especially valuable for older homes.

Question 27

What is the lot like at 1489 OLD MILL, Montpelier?

Accepted Answer

The lot is 300 acres. Lot features: Fenced: Full,Secluded,Terrain: Grad Slope,Terrain: Hilly,Terrain: Mountain,Terrain: Steep Slope,View: Lake,View: Mountain,View: Valley,Wooded,Waterfront,Equestrian Access,Horse Property. Terrain: Terrain: Grad Slope, Terrain: Hilly, Terrain: Mountain, Terrain: Steep Slope. Views: Valley,Trees/Woods.  Lot characteristics affect usability, privacy, and future improvement potential.

Question 28

What utilities are available at 1489 OLD MILL, Montpelier?

Accepted Answer

Available utilities include: Natural Gas Available,Natural Gas Connected,Electricity Available,Electricity Connected,Sewer Not Available,Sewer: Septic Tank.  Sewer: None,Septic Tank. Utility costs in Utah vary by season — expect higher heating bills in winter and cooling costs in summer. Contact local utility providers for average monthly cost estimates for this address.

1489 OLD MILL, Montpelier, ID 83254

1489 OLD MILL RD, Montpelier, ID 83254

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