Question 1

What is the asking price for 4000 HWY 87, Altamont?

Accepted Answer

4000 HWY 87, Altamont is listed at $1,400,000.  This listing is currently active and available for showings.

Question 2

What type of property is 4000 HWY 87, Altamont?

Accepted Answer

4000 HWY 87, Altamont is a Farm.   Zoning: Agricultural.

Question 3

Is there an HOA for 4000 HWY 87, Altamont?

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 4000 HWY 87, Altamont?

Accepted Answer

Annual property taxes for this property are approximately $600 (about $50/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

How long has 4000 HWY 87, Altamont been on the market?

Accepted Answer

This property has been listed for 0 days.  This is a fresh listing — act quickly if interested.

Question 6

Is 4000 HWY 87, Altamont a waterfront property?

Accepted Answer

Yes, this is a waterfront property. The property offers Mountain(s),Valley views.  Waterfront properties in Utah are rare and typically command premium valuations.

Question 7

What are the water and sewer connections for 4000 HWY 87, Altamont?

Accepted Answer

Sewer: 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 8

What would homeowner's insurance cost for 4000 HWY 87, Altamont?

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 $1,400,000, expect approximately $4,200-$7,000/year ($350-$583/month).   Get multiple quotes — rates vary significantly by insurer.

Question 9

What are the estimated closing costs for 4000 HWY 87, Altamont?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $1,400,000, expect approximately $28,000-$70,000 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 10

How does the property tax compare to the list price at 4000 HWY 87, Altamont?

Accepted Answer

The annual property tax of $600 represents an effective rate of 0.04% relative to the list price of $1,400,000. 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 11

Is 4000 HWY 87, Altamont eligible for FHA or VA financing?

Accepted Answer

At $1,400,000, 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 12

Could 4000 HWY 87, Altamont be a 1031 exchange property?

Accepted Answer

Yes, 4000 HWY 87, Altamont 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 13

Is 4000 HWY 87, Altamont move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 14

Does 4000 HWY 87, Altamont 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 15

What is the lot like at 4000 HWY 87, Altamont?

Accepted Answer

The lot is 40 acres. Lot features: Corner Lot,Fenced: Part,View: Mountain,View: Valley,Waterfront,Terrain: Flat. Terrain: View: Mountain, View: Valley, Waterfront. Views: Mountain(s),Valley.  Lot characteristics affect usability, privacy, and future improvement potential.

Question 16

What utilities are available at 4000 HWY 87, Altamont?

Accepted Answer

Available utilities include: Natural Gas Connected,Electricity Connected,Sewer: Septic Tank.  Sewer: 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.

4000 HWY 87, Altamont, UT 84001

4000 N HWY 87, Altamont, UT 84001

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