Question 1

What is the asking price for 224 SPENCER PEAK, Draper?

Accepted Answer

224 SPENCER PEAK, Draper is listed at $325,000 ($278/sqft). The original list price was $335,000, representing a reduction of $10,000. This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 224 SPENCER PEAK, Draper have?

Accepted Answer

This Residential features 3 bedrooms, 2 bathrooms, 1,169 square feet of living space. It is a 1-story home. The lot is 0.01 acres.

Question 3

When was 224 SPENCER PEAK, Draper built?

Accepted Answer

This property was built in 2006, making it 20 years old. Built in the early 2000s, the home benefits from modern construction standards and may have updated systems.

Question 4

What type of property is 224 SPENCER PEAK, Draper?

Accepted Answer

224 SPENCER PEAK, Draper is a Residential (Condominium). The architectural style is Condo; Main Level. It is located in the DRAPER PEAKS subdivision. Zoning: Multi-Family.

Question 5

Does 224 SPENCER PEAK, Draper have a garage or parking?

Accepted Answer

Yes, this property includes 1 open parking space and a carport. Total parking capacity: 2 vehicles.

Question 6

Is there an HOA for 224 SPENCER PEAK, Draper?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $261 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

What are the property taxes for 224 SPENCER PEAK, Draper?

Accepted Answer

Annual property taxes for this property are approximately $1,806 (about $151/month). This represents an effective tax rate of approximately 0.56% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 224 SPENCER PEAK, Draper?

Accepted Answer

Interior features include: Bath: Primary, Closet: Walk-In, Disposal, Range/Oven: Free Stdng.. Exterior features include: Double Pane Windows, Entry (Foyer), Patio: Covered, Sliding Glass Doors.    View: Mountain(s).

Question 9

Is 224 SPENCER PEAK, Draper a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Great Deal (vs Market)" with a deal score of 24/100. Key deal signals: Priced 19% below market median (per-type).  This analysis considers price relative to comparables, days on market, price reductions, and market conditions.

Question 10

Has the price been reduced on 224 SPENCER PEAK, Draper?

Accepted Answer

Yes, the price has been reduced by 3.0% from the original list price of $335,000 to the current price of $325,000 — a reduction of $10,000. Price reductions can indicate seller motivation or market adjustment.

Question 11

What would the monthly mortgage payment be for 224 SPENCER PEAK, Draper?

Accepted Answer

At the current 30-year mortgage rate of 6.46% with 20% down, the estimated monthly principal and interest payment is $1,637. Including estimated taxes and HOA fees, the total monthly cost is approximately $2,049. A 15-year mortgage at 5.77% would be $2,162/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 12

How long has 224 SPENCER PEAK, Draper been on the market?

Accepted Answer

This property has been listed for 8 days. The average days on market in Draper is 78 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 13

Is 224 SPENCER PEAK, Draper a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $8,010 with a gross rental yield of 2.5%. Net rental yield (after estimated expenses): 1.6%.  Estimated debt service coverage ratio (DSCR): 0.31. Investor score: 38/100. These are estimates based on area comparables.

Question 14

What is the estimated rental income for 224 SPENCER PEAK, Draper?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $667 ($8,004/year). The gross rent multiplier is 40.6x (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 224 SPENCER PEAK, Draper offer?

Accepted Answer

Propaired's AI has identified 2 lifestyle features for this property: Pool, Master-Planned Community. The primary lifestyle niche is "master_planned." These tags are derived from MLS data, property features, and location analysis.

Question 16

Does 224 SPENCER PEAK, Draper have a pool?

Accepted Answer

Yes, this property includes a private pool.  Utah summers can reach 100°F+, making a pool a valuable amenity. Consider seasonal maintenance costs of approximately $2,000-$4,000/year for a Utah pool.

Question 17

What recreation is near 224 SPENCER PEAK, Draper?

Accepted Answer

This property has a recreation score of 79/100. Nearby recreation includes: Mehraban Wetlands trailhead (1.0 mi); Stonebridge Park park (0.5 mi); Riverbend Golf Course (2.0 mi); Flight Park State Recreation Area (5.0 mi). Skiing: Snowbird Ski and Summer Resort (11.2 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 18

Are there hiking trails near 224 SPENCER PEAK, Draper?

Accepted Answer

Yes, the nearest trailhead is Mehraban Wetlands, just 1.0 miles from the property. Flight Park State Recreation Area is 5.0 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 224 SPENCER PEAK, Draper?

Accepted Answer

This property has an amenity proximity score of 97/100. Nearby services include: Grocery: Smith's (0.3 mi); Hospital: Instacare (0.5 mi); Pharmacy: Harmons Pharmacy - Draper (1.0 mi); Dining: Astro Burgers (0.2 mi). Gas station: 0.2 miles. Gym: Broken Record Barbell (0.9 mi).

Question 20

How far is the nearest hospital from 224 SPENCER PEAK, Draper?

Accepted Answer

The nearest hospital is Instacare, approximately 0.5 miles from the property. The nearest fire station is 0.8 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 21

What schools serve 224 SPENCER PEAK, Draper?

Accepted Answer

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

Question 22

What is the internet speed at 224 SPENCER PEAK, 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 (940 Mbps, Fiber); CenturyLink (140 Mbps, DSL). Total providers: 14.

Question 23

Is 224 SPENCER PEAK, 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

224 SPENCER PEAK, Draper is listed at $325,000, which is below the Draper median of $808,500 by $483,500. 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 $325,000, this property is below the Utah state median of $510,000 by $185,000. 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 224 SPENCER PEAK, Draper?

Accepted Answer

This property has a Propaired intelligence score of 55/100, combining deal value (24), recreation access (79), amenity proximity (97), broadband quality (100), and lifestyle features (2 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 28

What heating and cooling systems does 224 SPENCER PEAK, Draper have?

Accepted Answer

Heating: Forced Air,Gas: Central. Cooling: Central Air. Modern HVAC systems typically last 15-20 years with proper maintenance. Utah's climate ranges from sub-zero winters to 100°F+ summers, making reliable heating and cooling essential.

Question 29

What type of roof does 224 SPENCER PEAK, Draper have?

Accepted Answer

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

Question 30

Does 224 SPENCER PEAK, 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 31

What is 224 SPENCER PEAK, Draper constructed from?

Accepted Answer

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

Question 32

What type of flooring does 224 SPENCER PEAK, Draper have?

Accepted Answer

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

Question 33

What are the water and sewer connections for 224 SPENCER PEAK, Draper?

Accepted Answer

Water source: Culinary. Sewer: Sewer: Connected.   Water is a critical consideration in Utah's arid climate.

Question 34

What is the commute like from 224 SPENCER PEAK, Draper?

Accepted Answer

224 SPENCER PEAK, 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 224 SPENCER PEAK, Draper?

Accepted Answer

The nearest restaurant is Astro Burgers (0.2 miles away) and the nearest grocery store is Smith's (0.3 miles). Coffee: Dutch Bros. Coffee (0.2 mi). Banking: Chase (0.2 mi). Overall amenity proximity score: 97/100.

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 224 SPENCER PEAK, 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 $325,000, expect approximately $975-$1,625/year ($81-$135/month).   Get multiple quotes — rates vary significantly by insurer.

Question 39

What are the estimated closing costs for 224 SPENCER PEAK, Draper?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $325,000, expect approximately $6,500-$16,250 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 224 SPENCER PEAK, Draper?

Accepted Answer

The annual property tax of $1,806 represents an effective rate of 0.56% relative to the list price of $325,000. 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 224 SPENCER PEAK, Draper?

Accepted Answer

Estimated total monthly housing cost: $2,157. This includes principal & interest ($1,637 at 6.46% with 20% down), property tax ($151/mo), HOA ($261/mo), and estimated insurance (~$108/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 42

Is 224 SPENCER PEAK, Draper eligible for FHA or VA financing?

Accepted Answer

At $325,000, 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 43

What is the estimated cap rate for 224 SPENCER PEAK, Draper?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 1.6%, based on estimated annual rent of $8,010 and a purchase price of $325,000. 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: 2.5%. Utah's steady population growth continues to drive rental demand.

Question 45

Could 224 SPENCER PEAK, Draper be a 1031 exchange property?

Accepted Answer

Yes, 224 SPENCER PEAK, 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

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 41% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 47

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 48

What school district is 224 SPENCER PEAK, Draper in?

Accepted Answer

This property is in the Canyons school district. Assigned elementary: Willow Springs. 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 224 SPENCER PEAK, Draper?

Accepted Answer

The nearest local park is Stonebridge Park (0.5 miles away). The nearest state park is Flight Park State Recreation Area (5.0 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 224 SPENCER PEAK, Draper?

Accepted Answer

The nearest golf course is Riverbend Golf Course, 2.0 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 224 SPENCER PEAK, Draper?

Accepted Answer

Water recreation near this property includes: Deer Creek Reservoir (21.0 mi); boat ramp at Saratoga Springs (12.5 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 52

Is 224 SPENCER PEAK, Draper move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 53

Does 224 SPENCER PEAK, 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 54

What is the lot like at 224 SPENCER PEAK, Draper?

Accepted Answer

The lot is 0.01 acres. Lot features: Sprinkler: Auto-Full,View: Mountain. Terrain: Sprinkler: Auto-Full, View: Mountain. Views: Mountain(s).  Lot characteristics affect usability, privacy, and future improvement potential.

Question 55

What utilities are available at 224 SPENCER PEAK, Draper?

Accepted Answer

Available utilities include: Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected. Water source: Culinary. Sewer: Sewer: Connected. 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 56

Does 224 SPENCER PEAK, 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 57

Is there EV charging near 224 SPENCER PEAK, Draper?

Accepted Answer

The nearest EV charging station is EV Charger, approximately 0.2 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.

224 SPENCER PEAK, Draper, UT 84020

224 E SPENCER PEAK #F4, Draper, UT 84020

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