Question 1

What is the asking price for 401 ELECTION, Draper?

Accepted Answer

401 ELECTION, Draper is listed at $515,000 ($323/sqft).  Current status: Active Under Contract.

Question 2

How many bedrooms and bathrooms does 401 ELECTION, Draper have?

Accepted Answer

This Residential features 3 bedrooms, 2 bathrooms, 1,592 square feet of living space. It is a 2-story home. The lot is 0.11 acres.

Question 3

When was 401 ELECTION, Draper built?

Accepted Answer

This property was built in 1997, making it 29 years old. Homes from this era often feature solid construction. Buyers should review the condition of the roof, HVAC, and plumbing.

Question 4

What type of property is 401 ELECTION, Draper?

Accepted Answer

401 ELECTION, Draper is a Residential (Single Family Residence). The architectural style is Rambler/Ranch. It is located in the INAUGURATION subdivision. Zoning: Single-Family.

Question 5

Does 401 ELECTION, Draper have a garage or parking?

Accepted Answer

Yes, this property includes a 2-car garage and 3 open parking spaces. Total parking capacity: 5 vehicles.

Question 6

Is there an HOA for 401 ELECTION, Draper?

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 401 ELECTION, Draper?

Accepted Answer

Annual property taxes for this property are approximately $2,494 (about $208/month). This represents an effective tax rate of approximately 0.48% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

Is 401 ELECTION, Draper a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Exceptional Deal" with a deal score of 55/100. Key deal signals: Priced 59% below similar homes; Priced 57% below market median (per-type). The price is 59% below similar homes in the area. This analysis considers price relative to comparables, days on market, price reductions, and market conditions.

Question 9

How does this price compare to similar homes in Draper?

Accepted Answer

The median price for similar properties in the area is $1,262,130 (based on 10 homes). At $515,000, this listing is 59% below the median for comparable homes. It ranks #Deep Discount among similar listings by value.

Question 10

What would the monthly mortgage payment be for 401 ELECTION, Draper?

Accepted Answer

At the current 30-year mortgage rate of 6.38% with 20% down, the estimated monthly principal and interest payment is $2,572. Including estimated taxes, the total monthly cost is approximately $2,780. A 15-year mortgage at 5.75% would be $3,421/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 11

How long has 401 ELECTION, Draper been on the market?

Accepted Answer

This property has been listed for 28 days. The average days on market in Draper is 78 days, meaning this listing is moving faster than the local average.

Question 12

Is 401 ELECTION, Draper a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $9,119 with a gross rental yield of 1.8%. Net rental yield (after estimated expenses): 1.1%.  Estimated debt service coverage ratio (DSCR): 0.22. Investor score: 34/100. These are estimates based on area comparables.

Question 13

What is the estimated rental income for 401 ELECTION, Draper?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $760 ($9,120/year). The gross rent multiplier is 56.5x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 14

What lifestyle features does 401 ELECTION, Draper offer?

Accepted Answer

Propaired's AI has identified 7 lifestyle features for this property: Farm/Ranch, Trail/Hiking Access, Green/Sustainable, Scenic Views, Hot Tub/Spa, Fixer-Upper, Master-Planned Community. The primary lifestyle niche is "farm_ranch." These tags are derived from MLS data, property features, and location analysis.

Question 15

Is 401 ELECTION, Draper a fixer-upper?

Accepted Answer

This property has been identified as a fixer-upper opportunity, meaning it may need renovation or updates but is priced accordingly. At 59% below comparable homes, there is potential upside after improvements. Get a thorough home inspection and renovation estimates before making an offer. An FHA 203(k) or Fannie Mae HomeStyle renovation loan may be applicable.

Question 16

How much land comes with 401 ELECTION, Draper?

Accepted Answer

This property sits on 0.11 acres. It is suitable for farming or ranching use.  Water source: Culinary. Large-acreage properties in Utah may have water rights and mineral rights considerations — verify with a real estate attorney.

Question 17

What recreation is near 401 ELECTION, Draper?

Accepted Answer

This property has a recreation score of 79/100. Nearby recreation includes: Jordan Rotary (JRP) trailhead (1.1 mi); Inauguration West Park park (0.1 mi); Riverbend Golf Course (1.4 mi); Flight Park State Recreation Area (5.3 mi); Capitol Reef NP — Cathedral Valley (150.2 mi). Skiing: Snowbird Ski and Summer Resort (12.1 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 18

Are there hiking trails near 401 ELECTION, Draper?

Accepted Answer

Yes, the nearest trailhead is Jordan Rotary (JRP), just 1.1 miles from the property. Flight Park State Recreation Area is 5.3 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 19

What amenities and services are near 401 ELECTION, Draper?

Accepted Answer

This property has an amenity proximity score of 94/100. Nearby services include: Grocery: 7-Eleven (0.6 mi); Hospital: Canyon Crest Medical (0.6 mi); Pharmacy: Harmons Pharmacy - Draper (1.6 mi); Dining: Swig (0.6 mi). Gas station: 0.6 miles. Gym: Broken Record Barbell (0.8 mi).

Question 20

How far is the nearest hospital from 401 ELECTION, Draper?

Accepted Answer

The nearest hospital is Canyon Crest Medical, approximately 0.6 miles from the property. The nearest fire station is 1.7 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 21

What schools serve 401 ELECTION, Draper?

Accepted Answer

Assigned schools: Elementary: Crescent; Middle: Draper Park; High: Alta.   School district: Canyons.

Question 22

What is the internet speed at 401 ELECTION, Draper?

Accepted Answer

This property has a broadband score of 100/100 (Excellent). Best available speed: 10000 Mbps download / 10000 Mbps upload. Fiber internet is available at this address. Available providers: AT&T (100 Mbps, Fixed Wireless); CenturyLink (140 Mbps, DSL); Google Fiber (8000 Mbps, Fiber). Total providers: 13.

Question 23

Is 401 ELECTION, Draper in a flood zone?

Accepted Answer

This property is classified as low. FEMA flood zone: X (AREA OF MINIMAL FLOOD HAZARD). Flood insurance is not typically required but may be recommended.  Always verify current FEMA maps as they are periodically updated.

Question 24

How does this listing compare to the Draper market?

Accepted Answer

401 ELECTION, Draper is listed at $515,000, which is below the Draper median of $808,500 by $293,500. There are currently 107 active listings in Draper. Homes in Draper sell in an average of 78 days. The average sale-to-list ratio is 98.2%.

Question 25

What is the Draper neighborhood like?

Accepted Answer

Affluent southern Salt Lake Valley suburb. New development, excellent schools, family-oriented, beautiful mountain views. Growing job centers in tech and healthcare. Draper is known for: upscale, new-development, excellent-schools, family-oriented. Population: approximately 47,000. Explore the full Draper market data and community guide on Propaired.

Question 26

How does this price compare to the Utah state average?

Accepted Answer

At $515,000, this property is above the Utah state median of $510,000 by $5,000. Draper prices are 59% 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 27

What is the Propaired intelligence score for 401 ELECTION, Draper?

Accepted Answer

This property has a Propaired intelligence score of 65/100, combining deal value (55), recreation access (79), amenity proximity (94), broadband quality (100), and lifestyle features (7 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 28

Does 401 ELECTION, Draper have energy-efficient or green features?

Accepted Answer

This property has been tagged as green/sustainable, indicating energy-efficient features.  Cooling: Central Air. Green homes may include solar panels, Energy Star appliances, high-efficiency HVAC, insulated windows, and sustainable building materials. Ask the listing agent for specific energy certifications or efficiency ratings.

Question 29

What heating and cooling systems does 401 ELECTION, Draper have?

Accepted Answer

Heating system details are not listed. 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 30

What type of roof does 401 ELECTION, Draper have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 29-year-old home, reviewing recent roof inspections is recommended.

Question 31

Does 401 ELECTION, Draper have a basement?

Accepted Answer

Yes, the basement is described as: Full. 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 32

What is 401 ELECTION, Draper constructed from?

Accepted Answer

Construction materials include: Asphalt,Stucco. The construction type affects long-term maintenance requirements and insurance costs.

Question 33

What are the water and sewer connections for 401 ELECTION, Draper?

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 34

What is the commute like from 401 ELECTION, Draper?

Accepted Answer

401 ELECTION, Draper is located in Draper, in the Wasatch Front region of Utah. With a population of approximately 47,000, Draper offers a residential setting. 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 35

What shopping and dining is near 401 ELECTION, Draper?

Accepted Answer

The nearest restaurant is Swig (0.6 miles away) and the nearest grocery store is 7-Eleven (0.6 miles). Coffee: Starbucks (0.6 mi). Banking: Brighton Bank (0.6 mi). Overall amenity proximity score: 94/100.

Question 36

What is the Draper community like?

Accepted Answer

Draper is known for: upscale, new-development, excellent-schools, family-oriented, mountain-views. The city has approximately 47,000 residents. The median home price in Draper is $750,000. Explore the full Draper community profile on Propaired for detailed neighborhood insights.

Question 37

Is Draper a safe and family-friendly area?

Accepted Answer

Draper is characterized as: family-oriented, safe. With a population of about 47,000, Draper offers a family-oriented environment. For detailed crime statistics and neighborhood safety data, consult local law enforcement resources and community reports.

Question 38

What would homeowner's insurance cost for 401 ELECTION, Draper?

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 $515,000, expect approximately $1,545-$2,575/year ($129-$215/month).   Get multiple quotes — rates vary significantly by insurer.

Question 39

What are the estimated closing costs for 401 ELECTION, Draper?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $515,000, expect approximately $10,300-$25,750 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 40

How does the property tax compare to the list price at 401 ELECTION, Draper?

Accepted Answer

The annual property tax of $2,494 represents an effective rate of 0.48% relative to the list price of $515,000. 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 41

What are the total estimated monthly costs for 401 ELECTION, Draper?

Accepted Answer

Estimated total monthly housing cost: $2,952. This includes principal & interest ($2,572 at 6.38% with 20% down), property tax ($208/mo), and estimated insurance (~$172/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 42

Is 401 ELECTION, Draper eligible for FHA or VA financing?

Accepted Answer

At $515,000, this property is likely within FHA loan limits for most Utah counties. VA loans have no price cap but require VA eligibility.  FHA 203(k) renovation loans may be an option for this property.  Consult a mortgage lender for personalized eligibility.

Question 43

What is the estimated cap rate for 401 ELECTION, Draper?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 1.1%, based on estimated annual rent of $9,119 and a purchase price of $515,000. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 44

Is Draper a good rental market?

Accepted Answer

Estimated monthly rent in Draper is approximately $1,669. Homes in Draper sell in an average of 78 days, indicating moderate demand in this market. There are 107 active listings currently. Gross rental yield in this area: 1.8%. Utah's steady population growth continues to drive rental demand.

Question 45

Could 401 ELECTION, Draper be a 1031 exchange property?

Accepted Answer

Yes, 401 ELECTION, Draper 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 46

How does 401 ELECTION, Draper compare to recently sold homes nearby?

Accepted Answer

Based on 10 comparable properties, the median sold price in this area is $1,262,130. This listing is 59% below the comparable median. It ranks Deep Discount among similar listings by value. The median for this property type specifically is $1,200,000. Comparable analysis is based on similar size, age, and location.

Question 47

Is the Draper neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 1.8% over the past year. The current Zillow Home Value Index for this area is $792,864. This listing is priced at 65% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 48

What is the price trend in Draper?

Accepted Answer

Draper's median price has increased 23.7% month-over-month. Current median: $808,500. Days on market have decreased by 66.0% month-over-month. Homes are selling at 98.2% of list price on average. Monitor these trends to time your offer strategically.

Question 49

Is 401 ELECTION, Draper overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Exceptional Deal." At 59% below comparable homes, this property appears competitively priced. Deal score: 55/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 50

What school district is 401 ELECTION, Draper in?

Accepted Answer

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

Question 51

What parks are near 401 ELECTION, Draper?

Accepted Answer

The nearest local park is Inauguration West Park (0.1 miles away). The nearest state park is Flight Park State Recreation Area (5.3 miles). Nearest national park: Capitol Reef NP — Cathedral Valley (150.2 miles). Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 52

Is there a golf course near 401 ELECTION, Draper?

Accepted Answer

The nearest golf course is Riverbend Golf Course, 1.4 miles from the property. Utah has over 80 golf courses statewide with a season running from March through November in most areas. Close proximity to a golf course is a desirable feature that can enhance property value.

Question 53

What water activities are near 401 ELECTION, Draper?

Accepted Answer

Water recreation near this property includes: Deer Creek Reservoir (22.0 mi); boat ramp at Saratoga Springs (12.8 mi); fishing at Provo River (22.5 mi).  Utah offers diverse water recreation from mountain reservoirs to desert lakes. Popular activities include boating, kayaking, paddle boarding, and fishing — a Utah fishing license is required for anglers.

Question 54

Is 401 ELECTION, Draper move-in ready?

Accepted Answer

This property has been identified as a fixer-upper and likely requires renovation before occupying.

Question 55

What updates might 401 ELECTION, Draper need?

Accepted Answer

At 29 years old, common updates to consider include: roof replacement (if original), HVAC system update, water heater replacement. Current roof: Asphalt.  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 56

Does 401 ELECTION, Draper 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 57

What is the lot like at 401 ELECTION, Draper?

Accepted Answer

The lot is 0.11 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

Question 58

What utilities are available at 401 ELECTION, Draper?

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 59

Does 401 ELECTION, Draper have solar panels?

Accepted Answer

While this property is tagged as green/sustainable, solar panel details are not explicitly listed. Utah is an excellent state for solar energy with 222+ sunny days per year. Adding solar panels in Utah may qualify for federal tax credits and local incentives. Contact the listing agent for details on any existing energy-efficient systems.

Question 60

Is there EV charging near 401 ELECTION, Draper?

Accepted Answer

The nearest EV charging station is ChargePoint, approximately 0.9 miles from the property. With a 2-car garage, installing a home Level 2 EV charger is straightforward — most installations cost $500-$2,000 including the charger. Utah offers a growing EV charging network along major corridors and in urban centers. Convenient public charging is available nearby for supplemental needs.

401 ELECTION, Draper, UT 84020

401 W ELECTION RD, Draper, UT 84020

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