Question 1

What is the asking price for 101 STATE, Preston?

Accepted Answer

101 STATE, Preston is listed at $499,000.  This listing is currently active and available for showings.

Question 2

When was 101 STATE, Preston built?

Accepted Answer

This property was built in 1948, making it 78 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 101 STATE, Preston?

Accepted Answer

101 STATE, Preston is a Commercial Sale Commercial Lease (Retail).  It is located in the CUTLER SUB subdivision.

Question 4

Is there an HOA for 101 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 101 STATE, Preston?

Accepted Answer

Annual property taxes for this property are approximately $2,100 (about $175/month). This represents an effective tax rate of approximately 0.42% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 6

What are the key features of 101 STATE, Preston?

Accepted Answer

Interior features include: Alarm: Fire, Floor Drains, Cold Storage, Kitchen, Range/Oven. Exterior features include: Paved Parking.

Question 7

How long has 101 STATE, Preston been on the market?

Accepted Answer

This property has been listed for 0 days. The average days on market in Preston is 98 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 8

Is 101 STATE, Preston suitable for horses?

Accepted Answer

Yes, this property is tagged as equestrian-friendly. The MLS listing confirms horse keeping is permitted. The 0.19-acre lot provides space for pasture and facilities. Check with the local municipality for any animal keeping permits required.

Question 9

How does this listing compare to the Preston market?

Accepted Answer

101 STATE, Preston is listed at $499,000, which is above the Preston median of $445,000 by $54,000. 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 10

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 $499,000 is above the Preston 2026 median.

Question 11

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 12

How does this price compare to the Utah state average?

Accepted Answer

At $499,000, this property is below the Utah state median of $525,000 by $26,000. 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 13

What heating and cooling systems does 101 STATE, Preston have?

Accepted Answer

Heating: Forced Air. 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 14

What type of roof does 101 STATE, Preston have?

Accepted Answer

The roof material is Flat,Rubber. Ask the listing agent about the roof's age and any recent repairs. With a 78-year-old home, reviewing recent roof inspections is recommended.

Question 15

What type of flooring does 101 STATE, Preston have?

Accepted Answer

Flooring types include: Tile,Concrete.  Tile flooring is durable and ideal for high-traffic areas and bathrooms.

Question 16

What would homeowner's insurance cost for 101 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 $499,000, expect approximately $1,497-$2,495/year ($125-$208/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 17

What are the estimated closing costs for 101 STATE, Preston?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $499,000, expect approximately $9,980-$24,950 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 18

How does the property tax compare to the list price at 101 STATE, Preston?

Accepted Answer

The annual property tax of $2,100 represents an effective rate of 0.42% relative to the list price of $499,000. 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 19

Is 101 STATE, Preston eligible for FHA or VA financing?

Accepted Answer

At $499,000, 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 20

Could 101 STATE, Preston be a 1031 exchange property?

Accepted Answer

Yes, 101 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 21

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 22

Is 101 STATE, Preston move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 23

What updates might 101 STATE, Preston need?

Accepted Answer

At 78 years old, common updates to consider include: roof replacement (if original), HVAC system update, electrical panel upgrade, water heater replacement. Current roof: Flat,Rubber. Current heating: Forced Air. 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 24

Does 101 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 25

What is the lot like at 101 STATE, Preston?

Accepted Answer

The lot is 0.19 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

101 STATE, Preston, ID 83263

101 N STATE ST, Preston, ID 83263

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