Question 1

What is the asking price for 131 TERRACE, Clearfield?

Accepted Answer

131 TERRACE, Clearfield is listed at $419,000 ($200/sqft). The original list price was $435,900, representing a reduction of $16,900. Current status: Closed.

Question 2

How many bedrooms and bathrooms does 131 TERRACE, Clearfield have?

Accepted Answer

This Residential features 4 bedrooms, 2 bathrooms, 2,100 square feet of living space. It is a 2-story home. The lot is 0.23 acres.

Question 3

When was 131 TERRACE, Clearfield built?

Accepted Answer

This property was built in 1957, making it 69 years old. This established home has character and may feature unique architectural details. A thorough inspection is recommended to assess systems and structure.

Question 4

What type of property is 131 TERRACE, Clearfield?

Accepted Answer

131 TERRACE, Clearfield is a Residential (Single Family Residence). The architectural style is Rambler/Ranch. It is located in the TERRACE VIEW subdivision.

Question 5

Is there an HOA for 131 TERRACE, Clearfield?

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 6

What are the property taxes for 131 TERRACE, Clearfield?

Accepted Answer

Annual property taxes for this property are approximately $1,835 (about $153/month). This represents an effective tax rate of approximately 0.44% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 7

What are the key features of 131 TERRACE, Clearfield?

Accepted Answer

Exterior features include: Patio: Open. The home has 1 fireplace.

Question 8

How long has 131 TERRACE, Clearfield been on the market?

Accepted Answer

This property has been listed for 33 days. The average days on market in Clearfield is 50 days, meaning this listing is moving faster than the local average.

Question 9

What schools serve 131 TERRACE, Clearfield?

Accepted Answer

Assigned schools: Elementary: Wasatch; Middle: North Davis; High: Clearfield. There are 1 schools within 3 miles of this property. The highest-rated nearby school is Syracuse School with a 51% state performance score (2.9 miles away). School district: Davis.

Question 10

How does this listing compare to the Clearfield market?

Accepted Answer

131 TERRACE, Clearfield is listed at $419,000, which is above the Clearfield median of $397,000 by $22,000. There are currently 51 active listings in Clearfield. Homes in Clearfield sell in an average of 50 days. The average sale-to-list ratio is 99.5%.

Question 11

How does this price compare to the Utah state average?

Accepted Answer

At $419,000, this property is below the Utah state median of $510,000 by $91,000. Clearfield prices are 22% 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 131 TERRACE, Clearfield 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 13

What type of roof does 131 TERRACE, Clearfield have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 69-year-old home, reviewing recent roof inspections is recommended.

Question 14

Does 131 TERRACE, Clearfield have a basement?

Accepted Answer

Yes, the basement is described as: Full,Walk-Out Access. Basements in Utah are common and add versatile living or storage space. Check for any signs of moisture or foundation issues during the home inspection.

Question 15

What is 131 TERRACE, Clearfield constructed from?

Accepted Answer

Construction materials include: Brick. Brick construction is durable and low-maintenance, offering excellent insulation and fire resistance.

Question 16

What type of flooring does 131 TERRACE, Clearfield have?

Accepted Answer

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

Question 17

What are the water and sewer connections for 131 TERRACE, Clearfield?

Accepted Answer

Sewer: Sewer: Connected,Sewer: Public.  Municipal sewer service means no septic maintenance costs. Water is a critical consideration in Utah's arid climate.

Question 18

What would homeowner's insurance cost for 131 TERRACE, Clearfield?

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 $419,000, expect approximately $1,257-$2,095/year ($105-$175/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 19

What are the estimated closing costs for 131 TERRACE, Clearfield?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $419,000, expect approximately $8,380-$20,950 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 20

How does the property tax compare to the list price at 131 TERRACE, Clearfield?

Accepted Answer

The annual property tax of $1,835 represents an effective rate of 0.44% relative to the list price of $419,000. 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 131 TERRACE, Clearfield eligible for FHA or VA financing?

Accepted Answer

At $419,000, 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 22

Could 131 TERRACE, Clearfield be a 1031 exchange property?

Accepted Answer

Yes, 131 TERRACE, Clearfield 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 Clearfield?

Accepted Answer

Clearfield's median price has increased 36.1% month-over-month. Current median: $397,000. Days on market have decreased by 64.2% month-over-month. Homes are selling at 99.5% of list price on average. Monitor these trends to time your offer strategically.

Question 24

What school district is 131 TERRACE, Clearfield in?

Accepted Answer

This property is in the Davis school district. Assigned elementary: Wasatch. Assigned middle: North Davis. Assigned high: Clearfield. 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 131 TERRACE, Clearfield move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 26

What updates might 131 TERRACE, Clearfield need?

Accepted Answer

At 69 years old, common updates to consider include: roof replacement (if original), HVAC system update, electrical panel upgrade, water heater replacement. Current roof: Asphalt. 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 27

Does 131 TERRACE, Clearfield 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 131 TERRACE, Clearfield?

Accepted Answer

The lot is 0.23 acres. Lot features: Fenced: Full,Sprinkler: Auto-Full. Terrain: Fenced: Full, Sprinkler: Auto-Full.   Lot characteristics affect usability, privacy, and future improvement potential.

Question 29

What utilities are available at 131 TERRACE, Clearfield?

Accepted Answer

Available utilities include: Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected.  Sewer: Sewer: Connected,Sewer: Public. 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.

131 TERRACE, Clearfield, UT 84015

131 N TERRACE DR, Clearfield, UT 84015

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