Question 1

What is the asking price for 12062 540, Draper?

Accepted Answer

12062 540, Draper is listed at $1,200,000 ($393/sqft).  Current status: Pending.

Question 2

How many bedrooms and bathrooms does 12062 540, Draper have?

Accepted Answer

This Residential features 3 bedrooms, 4 bathrooms, 3,051 square feet of living space. It is a 2-story home. The lot is 0.9 acres.

Question 3

When was 12062 540, Draper built?

Accepted Answer

This property was built in 1994, making it 32 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 12062 540, Draper?

Accepted Answer

12062 540, Draper is a Residential (Single Family Residence). The architectural style is Stories: 2. It is located in the DRAPERVILLE subdivision. Zoning: Single-Family.

Question 5

Is there an HOA for 12062 540, 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 6

What are the property taxes for 12062 540, Draper?

Accepted Answer

Annual property taxes for this property are approximately $4,000 (about $333/month). This represents an effective tax rate of approximately 0.33% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 7

What are the key features of 12062 540, Draper?

Accepted Answer

Interior features include: Bar: Dry, Bath: Sep. Tub/Shower, Closet: Walk-In, Den/Office, Jetted Tub. Exterior features include: Barn, Horse Property, Out Buildings, Lighting, Patio: Covered. The home has 1 fireplace.   View: Mountain(s).

Question 8

Is 12062 540, Draper a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 10/100. The price is 15% above 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 $1,047,500 (based on 10 homes). At $1,200,000, this listing is 15% above the median for comparable homes. It ranks #Above Similar among similar listings by value.

Question 10

What would the monthly mortgage payment be for 12062 540, Draper?

Accepted Answer

At the current 30-year mortgage rate of 6.38% with 20% down, the estimated monthly principal and interest payment is $5,992. Including estimated taxes, the total monthly cost is approximately $6,325. A 15-year mortgage at 5.75% would be $7,972/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 11

How long has 12062 540, Draper been on the market?

Accepted Answer

This property has been listed for 22 days. The average days on market in Draper is 78 days, meaning this listing is moving faster than the local average.

Question 12

Is 12062 540, Draper a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $17,429 with a gross rental yield of 1.4%. Net rental yield (after estimated expenses): 0.9%.  Estimated debt service coverage ratio (DSCR): 0.18. Investor score: 23/100. These are estimates based on area comparables.

Question 13

What is the estimated rental income for 12062 540, Draper?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $1,452 ($17,424/year). The gross rent multiplier is 68.9x (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 12062 540, Draper offer?

Accepted Answer

Propaired's AI has identified 3 lifestyle features for this property: Equestrian, Farm/Ranch, Hot Tub/Spa. The primary lifestyle niche is "equestrian." These tags are derived from MLS data, property features, and location analysis.

Question 15

Is 12062 540, Draper suitable for horses?

Accepted Answer

Yes, this property is tagged as equestrian-friendly. The MLS listing confirms horse keeping is permitted. The 0.9-acre lot provides space for pasture and facilities. Check with the local municipality for any animal keeping permits required.

Question 16

How much land comes with 12062 540, Draper?

Accepted Answer

This property sits on 0.9 acres. It is suitable for farming or ranching use. Horse keeping is possible on this property. Water source: Culinary,Irrigation: Pressure,Rights: Owned,Shares. 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 12062 540, Draper?

Accepted Answer

This property has a recreation score of 79/100. Nearby recreation includes: Mehraban Wetlands trailhead (0.6 mi); Mehraban Wetlands Park park (0.5 mi); Hidden Valley Country Club (2.1 mi); Flight Park State Recreation Area (5.2 mi). Skiing: Snowbird Ski and Summer Resort (10.8 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 18

Are there hiking trails near 12062 540, Draper?

Accepted Answer

Yes, the nearest trailhead is Mehraban Wetlands, just 0.6 miles from the property. Flight Park State Recreation Area is 5.2 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 12062 540, Draper?

Accepted Answer

This property has an amenity proximity score of 99/100. Nearby services include: Grocery: Pirate O's Gourmet Market (0.4 mi); Hospital: Lone Peak Hospital (0.7 mi); Pharmacy: Harmons Pharmacy - Draper (0.8 mi); Dining: Fueled Fresh Kitchen (0.3 mi). Gas station: 0.4 miles. Gym: Treehouse Athletic Club (0.9 mi).

Question 20

How far is the nearest hospital from 12062 540, Draper?

Accepted Answer

The nearest hospital is Lone Peak Hospital, approximately 0.7 miles from the property. The nearest fire station is 0.5 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 21

What schools serve 12062 540, Draper?

Accepted Answer

Assigned schools: Elementary: Sprucewood; Middle: Mount Jordan; High: Alta.   School district: Canyons.

Question 22

Is 12062 540, 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 23

How does this listing compare to the Draper market?

Accepted Answer

12062 540, Draper is listed at $1,200,000, which is above the Draper median of $808,500 by $391,500. 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 24

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 25

How does this price compare to the Utah state average?

Accepted Answer

At $1,200,000, this property is above the Utah state median of $510,000 by $690,000. 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 26

What is the Propaired intelligence score for 12062 540, Draper?

Accepted Answer

This property has a Propaired intelligence score of 50/100, combining deal value (10), recreation access (79), amenity proximity (99), broadband quality (N/A), and lifestyle features (3 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 27

What heating and cooling systems does 12062 540, Draper 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 28

What type of roof does 12062 540, Draper have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 32-year-old home, reviewing recent roof inspections is recommended.

Question 29

Does 12062 540, Draper have a basement?

Accepted Answer

Yes, the basement is described as: None. 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 30

What type of flooring does 12062 540, Draper have?

Accepted Answer

Flooring types include: Carpet,Hardwood,Tile,Travertine. Hardwood floors are a premium feature that adds lasting value and can be refinished multiple times. Tile flooring is durable and ideal for high-traffic areas and bathrooms. Carpeted areas provide warmth and comfort, especially in bedrooms.

Question 31

What are the water and sewer connections for 12062 540, Draper?

Accepted Answer

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

Question 32

What is the commute like from 12062 540, Draper?

Accepted Answer

12062 540, 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 33

What shopping and dining is near 12062 540, Draper?

Accepted Answer

The nearest restaurant is Fueled Fresh Kitchen (0.3 miles away) and the nearest grocery store is Pirate O's Gourmet Market (0.4 miles). Coffee: Beans & Brews Coffee House (0.3 mi). Banking: America First Credit Union (0.4 mi). Overall amenity proximity score: 99/100.

Question 34

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 35

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 36

What would homeowner's insurance cost for 12062 540, 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 $1,200,000, expect approximately $3,600-$6,000/year ($300-$500/month).   Get multiple quotes — rates vary significantly by insurer.

Question 37

What are the estimated closing costs for 12062 540, Draper?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $1,200,000, expect approximately $24,000-$60,000 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 38

How does the property tax compare to the list price at 12062 540, Draper?

Accepted Answer

The annual property tax of $4,000 represents an effective rate of 0.33% relative to the list price of $1,200,000. 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 39

What are the total estimated monthly costs for 12062 540, Draper?

Accepted Answer

Estimated total monthly housing cost: $6,725. This includes principal & interest ($5,992 at 6.38% with 20% down), property tax ($333/mo), and estimated insurance (~$400/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 40

Is 12062 540, Draper eligible for FHA or VA financing?

Accepted Answer

At $1,200,000, 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 41

What is the estimated cap rate for 12062 540, Draper?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 0.9%, based on estimated annual rent of $17,429 and a purchase price of $1,200,000. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 42

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: 1.4%. Utah's steady population growth continues to drive rental demand.

Question 43

Could 12062 540, Draper be a 1031 exchange property?

Accepted Answer

Yes, 12062 540, 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 44

How does 12062 540, Draper compare to recently sold homes nearby?

Accepted Answer

Based on 10 comparable properties, the median sold price in this area is $1,047,500. This listing is 15% above the comparable median. It ranks Above Similar among similar listings by value. The median for this property type specifically is $1,249,260. Comparable analysis is based on similar size, age, and location.

Question 45

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 151% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 46

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 47

Is 12062 540, Draper overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Standard." At 15% above comparable homes, the asking price is above the local median. Verify that premium features justify the price difference. Deal score: 10/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 48

What school district is 12062 540, Draper in?

Accepted Answer

This property is in the Canyons school district. Assigned elementary: Sprucewood. Assigned middle: Mount Jordan. 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 49

What parks are near 12062 540, Draper?

Accepted Answer

The nearest local park is Mehraban Wetlands Park (0.5 miles away). The nearest state park is Flight Park State Recreation Area (5.2 miles).  Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 50

Is there a golf course near 12062 540, Draper?

Accepted Answer

The nearest golf course is Hidden Valley Country Club, 2.1 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 51

What water activities are near 12062 540, Draper?

Accepted Answer

Water recreation near this property includes: Deer Creek Reservoir (20.7 mi); boat ramp at Saratoga Springs (12.6 mi); fishing at Provo River (21.4 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 52

Is 12062 540, Draper move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 53

What updates might 12062 540, Draper need?

Accepted Answer

At 32 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 54

Does 12062 540, 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 55

What is the lot like at 12062 540, Draper?

Accepted Answer

The lot is 0.9 acres. Lot features: Fenced: Full,Road: Unpaved,Secluded,Sprinkler: Auto-Full,View: Mountain. Terrain: Fenced: Full, Road: Unpaved, Secluded Yard, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain. Views: Mountain(s).  Lot characteristics affect usability, privacy, and future improvement potential.

Question 56

What utilities are available at 12062 540, Draper?

Accepted Answer

Available utilities include: Natural Gas Available,Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected. Water source: Culinary,Irrigation: Pressure,Rights: Owned,Shares. 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 57

Does 12062 540, Draper 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.

Question 58

Is there EV charging near 12062 540, Draper?

Accepted Answer

The nearest EV charging station is EV Charger, approximately 0.6 miles from the property. A home EV charger can be installed if 240V electrical service is available. Utah offers a growing EV charging network along major corridors and in urban centers. Convenient public charging is available nearby for supplemental needs.

12062 540, Draper, UT 84020

12062 S 540 E, Draper, UT 84020

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