Question 1

What is the asking price for 16 STATE, Preston?

Accepted Answer

16 STATE, Preston is listed at $450,000.  This listing is currently active and available for showings.

Question 2

When was 16 STATE, Preston built?

Accepted Answer

This property was built in 1905, making it 121 years old. This established home has character and may feature unique architectural details. A thorough inspection is recommended to assess systems and structure.

Question 3

What type of property is 16 STATE, Preston?

Accepted Answer

16 STATE, Preston is a Commercial Sale (Retail).   Zoning: Commercial.

Question 4

Is there an HOA for 16 STATE, Preston?

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 5

What are the property taxes for 16 STATE, Preston?

Accepted Answer

Annual property taxes for this property are approximately $977 (about $81/month). This represents an effective tax rate of approximately 0.22% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 6

What are the key features of 16 STATE, Preston?

Accepted Answer

Interior features include: Refrigerator, Restroom: Public.

Question 7

How long has 16 STATE, Preston been on the market?

Accepted Answer

This property has been listed for 317 days. The average days on market in Preston is 98 days, meaning this listing is taking longer than the local average. Extended time on market may present negotiation opportunities for buyers.

Question 8

How does this listing compare to the Preston market?

Accepted Answer

16 STATE, Preston is listed at $450,000, which is above the Preston median of $445,000 by $5,000. There are currently 66 active listings in Preston. Homes in Preston sell in an average of 98 days. The average sale-to-list ratio is 97.6%.

Question 9

What is the Preston real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Preston is $445,000. There are currently 66 active listings. Homes sell in an average of 98 days. The average sale-to-list ratio is 97.6%. This listing at $450,000 is above the Preston 2026 median.

Question 10

Are there other homes for sale in Preston?

Accepted Answer

Yes — there are currently 66 active listings in Preston. Browse all Preston homes for sale at propaired.ai/listings/id/preston. Prices range around a median of $445,000. Homes in Preston are selling in about 98 days on average.

Question 11

How does this price compare to the Utah state average?

Accepted Answer

At $450,000, this property is below the Utah state median of $525,000 by $75,000. Preston prices are 15% 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 12

What heating and cooling systems does 16 STATE, Preston have?

Accepted Answer

Heating: Forced Air,Natural Gas. Cooling: Central Air. Given the age of this home, it may be worth requesting a professional HVAC inspection to assess system efficiency and remaining lifespan. Utah's climate ranges from sub-zero winters to 100°F+ summers, making reliable heating and cooling essential.

Question 13

What type of roof does 16 STATE, Preston have?

Accepted Answer

The roof material is Flat,1-Ply Modified Bitumen. Ask the listing agent about the roof's age and any recent repairs. With a 121-year-old home, reviewing recent roof inspections is recommended.

Question 14

What type of flooring does 16 STATE, Preston have?

Accepted Answer

Flooring types include: Carpet,Linoleum.   Carpeted areas provide warmth and comfort, especially in bedrooms.

Question 15

What would homeowner's insurance cost for 16 STATE, Preston?

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 $450,000, expect approximately $1,350-$2,250/year ($113-$188/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 16

What are the estimated closing costs for 16 STATE, Preston?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $450,000, expect approximately $9,000-$22,500 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 17

How does the property tax compare to the list price at 16 STATE, Preston?

Accepted Answer

The annual property tax of $977 represents an effective rate of 0.22% relative to the list price of $450,000. 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 18

Is 16 STATE, Preston eligible for FHA or VA financing?

Accepted Answer

At $450,000, this property is likely within FHA loan limits for most Utah counties. VA loans have no price cap but require VA eligibility.    Consult a mortgage lender for personalized eligibility.

Question 19

Could 16 STATE, Preston be a 1031 exchange property?

Accepted Answer

Yes, 16 STATE, Preston 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 20

What is the price trend in Preston?

Accepted Answer

Preston's median price has decreased 8.1% month-over-month. Current median: $445,000. Days on market have decreased by 45.0% month-over-month. Homes are selling at 97.6% of list price on average. Monitor these trends to time your offer strategically.

Question 21

Is 16 STATE, Preston move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 22

What updates might 16 STATE, Preston need?

Accepted Answer

At 121 years old, common updates to consider include: roof replacement (if original), HVAC system update, electrical panel upgrade, water heater replacement. Current roof: Flat,1-Ply Modified Bitumen. Current heating: Forced Air,Natural Gas. These are general guidelines based on typical component lifespans — the actual condition depends on maintenance history. Always get a professional inspection and ask the seller for maintenance records and any recent upgrades.

Question 23

Does 16 STATE, Preston 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 24

What is the lot like at 16 STATE, Preston?

Accepted Answer

The lot is 0.08 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

Question 25

What utilities are available at 16 STATE, Preston?

Accepted Answer

Available utilities include: 120/240 V 1 Phase,Gas: Natural.   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.

Question 26

Does 16 STATE, Preston have natural gas?

Accepted Answer

Yes, this property has natural gas service — the heating system is listed as: Forced Air,Natural Gas. Natural gas is the most common and cost-effective heating fuel in Utah, typically 30-50% less expensive than electric heating. The cooling system (Central Air) operates separately. Natural gas availability also supports gas ranges, water heaters, and fireplaces.

16 STATE, Preston, ID 83263

16 S STATE ST, Preston, ID 83263

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