Question 1

What is the asking price for 2995 7145, Cottonwood Heights?

Accepted Answer

2995 7145, Cottonwood Heights is listed at $734,000 ($252/sqft). The original list price was $749,000, representing a reduction of $15,000. Current status: Active Under Contract.

Question 2

How many bedrooms and bathrooms does 2995 7145, Cottonwood Heights have?

Accepted Answer

This Residential features 4 bedrooms, 2 bathrooms, 2,916 square feet of living space. It is a 2-story home. The lot is 0.21 acres.

Question 3

When was 2995 7145, Cottonwood Heights built?

Accepted Answer

This property was built in 1959, making it 67 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 2995 7145, Cottonwood Heights?

Accepted Answer

2995 7145, Cottonwood Heights is a Residential (Single Family Residence). The architectural style is Rambler/Ranch. It is located in the COTTONWOOD HEIGHTS S subdivision. Zoning: Single-Family.

Question 5

Does 2995 7145, Cottonwood Heights have a garage or parking?

Accepted Answer

Yes, this property includes 2 open parking spaces and a carport. Total parking capacity: 3 vehicles.

Question 6

Is there an HOA for 2995 7145, Cottonwood Heights?

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 7

What are the property taxes for 2995 7145, Cottonwood Heights?

Accepted Answer

Annual property taxes for this property are approximately $3,832 (about $319/month). This represents an effective tax rate of approximately 0.52% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 2995 7145, Cottonwood Heights?

Accepted Answer

Interior features include: Disposal, Kitchen: Updated. Exterior features include: Double Pane Windows, Patio: Open. The home has 2 fireplaces.   View: Mountain(s).

Question 9

Is 2995 7145, Cottonwood Heights a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Great Deal (vs Market)" with a deal score of 28/100. Key deal signals: Priced 18% below market median (per-type); 104.0 days on market — potential negotiation opportunity.  This analysis considers price relative to comparables, days on market, price reductions, and market conditions.

Question 10

Has the price been reduced on 2995 7145, Cottonwood Heights?

Accepted Answer

Yes, the price has been reduced by 2.0% from the original list price of $749,000 to the current price of $734,000 — a reduction of $15,000. Price reductions can indicate seller motivation or market adjustment.

Question 11

What would the monthly mortgage payment be for 2995 7145, Cottonwood Heights?

Accepted Answer

At the current 30-year mortgage rate of 6.38% with 20% down, the estimated monthly principal and interest payment is $3,665. Including estimated taxes, the total monthly cost is approximately $3,984. A 15-year mortgage at 5.75% would be $4,876/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 12

How long has 2995 7145, Cottonwood Heights been on the market?

Accepted Answer

This property has been listed for 104 days. The average days on market in Cottonwood Heights is 76 days, meaning this listing is taking longer than the local average. Extended time on market may present negotiation opportunities for buyers.

Question 13

Is 2995 7145, Cottonwood Heights a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $23,797 with a gross rental yield of 3.2%. Net rental yield (after estimated expenses): 2.1%.  Estimated debt service coverage ratio (DSCR): 0.41. Investor score: 43/100. These are estimates based on area comparables.

Question 14

What is the estimated rental income for 2995 7145, Cottonwood Heights?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $1,983 ($23,796/year). The gross rent multiplier is 30.8x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 15

What lifestyle features does 2995 7145, Cottonwood Heights offer?

Accepted Answer

Propaired's AI has identified 1 lifestyle feature for this property: Scenic Views. The primary lifestyle niche is "scenic_views." These tags are derived from MLS data, property features, and location analysis.

Question 16

What schools serve 2995 7145, Cottonwood Heights?

Accepted Answer

Assigned schools: Elementary: Butler; Middle: Butler; High: Brighton.   School district: Canyons.

Question 17

How does this listing compare to the Cottonwood Heights market?

Accepted Answer

2995 7145, Cottonwood Heights is listed at $734,000, which is below the Cottonwood Heights median of $784,900 by $50,900. There are currently 53 active listings in Cottonwood Heights. Homes in Cottonwood Heights sell in an average of 76 days. The average sale-to-list ratio is 98.3%.

Question 18

How does this price compare to the Utah state average?

Accepted Answer

At $734,000, this property is above the Utah state median of $510,000 by $224,000. Cottonwood Heights prices are 54% above the state average. Utah's housing market varies significantly by region — front-range cities near SLC are typically more expensive than rural areas.

Question 19

What is the Propaired intelligence score for 2995 7145, Cottonwood Heights?

Accepted Answer

This property has a Propaired intelligence score of 20/100, combining deal value (28), recreation access (N/A), amenity proximity (N/A), broadband quality (N/A), and lifestyle features (1 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 20

What heating and cooling systems does 2995 7145, Cottonwood Heights have?

Accepted Answer

Heating: Forced Air,Gas: Central. 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 21

What type of roof does 2995 7145, Cottonwood Heights have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 67-year-old home, reviewing recent roof inspections is recommended.

Question 22

Does 2995 7145, Cottonwood Heights have a basement?

Accepted Answer

Yes, the basement is described as: Daylight,Partial. A daylight basement features windows for natural light, making the space more livable. Check for any signs of moisture or foundation issues during the home inspection.

Question 23

What is 2995 7145, Cottonwood Heights constructed from?

Accepted Answer

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

Question 24

What type of flooring does 2995 7145, Cottonwood Heights have?

Accepted Answer

Flooring types include: Carpet,Tile.  Tile flooring is durable and ideal for high-traffic areas and bathrooms. Carpeted areas provide warmth and comfort, especially in bedrooms.

Question 25

What are the water and sewer connections for 2995 7145, Cottonwood Heights?

Accepted Answer

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

Question 26

What would homeowner's insurance cost for 2995 7145, Cottonwood Heights?

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 $734,000, expect approximately $2,202-$3,670/year ($184-$306/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 27

What are the estimated closing costs for 2995 7145, Cottonwood Heights?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $734,000, expect approximately $14,680-$36,700 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 28

How does the property tax compare to the list price at 2995 7145, Cottonwood Heights?

Accepted Answer

The annual property tax of $3,832 represents an effective rate of 0.52% relative to the list price of $734,000. 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 29

What are the total estimated monthly costs for 2995 7145, Cottonwood Heights?

Accepted Answer

Estimated total monthly housing cost: $4,229. This includes principal & interest ($3,665 at 6.38% with 20% down), property tax ($319/mo), and estimated insurance (~$245/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 30

Is 2995 7145, Cottonwood Heights eligible for FHA or VA financing?

Accepted Answer

At $734,000, 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 31

What is the estimated cap rate for 2995 7145, Cottonwood Heights?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 2.1%, based on estimated annual rent of $23,797 and a purchase price of $734,000. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 32

Is Cottonwood Heights a good rental market?

Accepted Answer

Estimated monthly rent in Cottonwood Heights is approximately $1,789. Homes in Cottonwood Heights sell in an average of 76 days, indicating moderate demand in this market. There are 53 active listings currently. Gross rental yield in this area: 3.2%. Utah's steady population growth continues to drive rental demand.

Question 33

Could 2995 7145, Cottonwood Heights be a 1031 exchange property?

Accepted Answer

Yes, 2995 7145, Cottonwood Heights 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 34

Is the Cottonwood Heights neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 2.4% over the past year. The current Zillow Home Value Index for this area is $752,111. This listing is priced at 98% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 35

What is the price trend in Cottonwood Heights?

Accepted Answer

Cottonwood Heights's median price has increased 30.6% month-over-month. Current median: $784,900. Days on market have increased by 29.1% month-over-month. Homes are selling at 98.3% of list price on average. Monitor these trends to time your offer strategically.

Question 36

What school district is 2995 7145, Cottonwood Heights in?

Accepted Answer

This property is in the Canyons school district. Assigned elementary: Butler. Assigned middle: Butler. Assigned high: Brighton. School district boundaries can affect property values by 5-15%. Contact the district directly to confirm current enrollment boundaries, as they may change.

Question 37

Is 2995 7145, Cottonwood Heights move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 38

What updates might 2995 7145, Cottonwood Heights need?

Accepted Answer

At 67 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,Gas: Central. 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 39

Does 2995 7145, Cottonwood Heights 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 40

What is the lot like at 2995 7145, Cottonwood Heights?

Accepted Answer

The lot is 0.21 acres. Lot features: Corner Lot,Curb & Gutter,Fenced: Part,Road: Paved,Sidewalks,Sprinkler: Auto-Full,View: Mountain. Terrain: Corner Lot, Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain. Views: Mountain(s).  Lot characteristics affect usability, privacy, and future improvement potential.

Question 41

What utilities are available at 2995 7145, Cottonwood Heights?

Accepted Answer

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

Question 42

Does 2995 7145, Cottonwood Heights have natural gas?

Accepted Answer

Yes, this property has natural gas service — the heating system is listed as: Forced Air,Gas: Central. 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.

2995 7145, Cottonwood Heights, UT 84121

2995 E 7145 S, Cottonwood Heights, UT 84121

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