Question 1

What is the asking price for 338 STATE, American Fork?

Accepted Answer

338 STATE, American Fork is listed at $7,000,000.  This listing is currently active and available for showings.

Question 2

When was 338 STATE, American Fork built?

Accepted Answer

This property was built in 1998, making it 28 years old. Homes from this era often feature solid construction. Buyers should review the condition of the roof, HVAC, and plumbing.

Question 3

What type of property is 338 STATE, American Fork?

Accepted Answer

338 STATE, American Fork is a Commercial Sale (Retail).

Question 4

Is there an HOA for 338 STATE, American Fork?

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 338 STATE, American Fork?

Accepted Answer

Annual property taxes for this property are approximately $50,366 (about $4,197/month). This represents an effective tax rate of approximately 0.72% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 6

How long has 338 STATE, American Fork been on the market?

Accepted Answer

This property has been listed for 14 days. The average days on market in American Fork is 51 days, meaning this listing is moving faster than the local average.

Question 7

What schools serve 338 STATE, American Fork?

Accepted Answer

There are 3 schools within 3 miles of this property. The highest-rated nearby school is Deerfield School with a 58% state performance score (2.7 miles away).

Question 8

What elementary school is near 338 STATE, American Fork?

Accepted Answer

The nearest elementary school is Greenwood School (0.4 miles away). State performance score: 56%. District: Alpine District. Propaired provides full school ratings and comparison data for all schools in this area.

Question 9

How good are the schools near 338 STATE, American Fork?

Accepted Answer

Of the 3 schools within 3 miles, 3 have state performance data with an average score of 57%.  School quality is a key factor in home values — properties near top-rated schools typically command a 5-10% premium. Visit each school's detail page on Propaired for full performance breakdowns.

Question 10

How does this listing compare to the American Fork market?

Accepted Answer

338 STATE, American Fork is listed at $7,000,000, which is above the American Fork median of $495,000 by $6,505,000. There are currently 130 active listings in American Fork. Homes in American Fork sell in an average of 51 days. The average sale-to-list ratio is 99.1%.

Question 11

What is the American Fork real estate market like in 2026?

Accepted Answer

In 2026, the median home price in American Fork is $495,000. There are currently 130 active listings. Homes sell in an average of 51 days. The average sale-to-list ratio is 99.1%. This listing at $7,000,000 is above the American Fork 2026 median.

Question 12

Are there other homes for sale in American Fork?

Accepted Answer

Yes — there are currently 130 active listings in American Fork. Browse all American Fork homes for sale at propaired.ai/listings/ut/american-fork. Prices range around a median of $495,000. Homes in American Fork are selling in about 51 days on average.

Question 13

What is the American Fork neighborhood like?

Accepted Answer

Charming Wasatch Front city. Strong community feel, excellent schools, good shopping/dining, outdoor access to Provo Canyon and mountains. Family-oriented. American Fork is known for: family-friendly, community-feel, good-schools, shopping. Population: approximately 35,000. Explore the full American Fork market data and community guide on Propaired.

Question 14

How does this price compare to the Utah state average?

Accepted Answer

At $7,000,000, this property is above the Utah state median of $522,660 by $6,477,340. American Fork prices are 5% 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 15

What is the commute like from 338 STATE, American Fork?

Accepted Answer

338 STATE, American Fork is located in American Fork, in the Wasatch Front region of Utah. With a population of approximately 35,000, American Fork has good transportation access. Commute times vary by destination — most Wasatch Front cities are within 30-60 minutes of downtown Salt Lake City via I-15. Consider rush-hour traffic patterns when evaluating this location.

Question 16

What is the American Fork community like?

Accepted Answer

American Fork is known for: family-friendly, community-feel, good-schools, shopping, outdoor-access. The city has approximately 35,000 residents. The median home price in American Fork is $480,000. Explore the full American Fork community profile on Propaired for detailed neighborhood insights.

Question 17

Is American Fork a safe and family-friendly area?

Accepted Answer

American Fork is characterized as: family-friendly, community-feel. With a population of about 35,000, American Fork offers a family-oriented environment. For detailed crime statistics and neighborhood safety data, consult local law enforcement resources and community reports.

Question 18

What would homeowner's insurance cost for 338 STATE, American Fork?

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 $7,000,000, expect approximately $21,000-$35,000/year ($1,750-$2,917/month).   Get multiple quotes — rates vary significantly by insurer.

Question 19

What are the estimated closing costs for 338 STATE, American Fork?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $7,000,000, expect approximately $140,000-$350,000 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 338 STATE, American Fork?

Accepted Answer

The annual property tax of $50,366 represents an effective rate of 0.72% relative to the list price of $7,000,000. This is near the Utah average effective rate of approximately 0.58%. Property taxes in Utah are assessed by the county and can change when the property is sold.

Question 21

Is 338 STATE, American Fork eligible for FHA or VA financing?

Accepted Answer

At $7,000,000, 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 338 STATE, American Fork be a 1031 exchange property?

Accepted Answer

Yes, 338 STATE, American Fork 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 American Fork?

Accepted Answer

American Fork's median price has decreased 0.9% month-over-month. Current median: $495,000. Days on market have decreased by 43.3% month-over-month. Homes are selling at 99.1% of list price on average. Monitor these trends to time your offer strategically.

Question 24

How do nearby schools rank statewide?

Accepted Answer

Of the 3 nearby schools with state rankings, the highest-ranked is Greenwood School at #229 statewide (56% performance score). Other ranked nearby schools include Deerfield School (#280) and Manila School (#345). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 25

Is 338 STATE, American Fork move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 26

What updates might 338 STATE, American Fork need?

Accepted Answer

At 28 years old, common updates to consider include: roof replacement (if original), HVAC system update, water heater replacement.   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 27

Does 338 STATE, American Fork 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 28

What is the lot like at 338 STATE, American Fork?

Accepted Answer

The lot is 2.38 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

338 STATE, American Fork, UT 84003

338 E STATE RD, American Fork, UT 84003

About This Property

Property Info

Financial

Parking

Schools

All Property Details

Property Info

Financial

Lot & Land

Parking

Amenities

Timeline

American Fork Market Context

Crime & Safety

American Fork compared to:

vs National Average (FBI UCR 2024)

Connect with a Buyer’s Agent

Find Your Dream Home

Frequently Asked Questions

Discover