Question 1

What is the asking price for 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

1562 FAIRWAY RIDGE, Draper is listed at $822,000 ($236/sqft).  This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 1562 FAIRWAY RIDGE, Draper have?

Accepted Answer

This Residential features 3 bedrooms, 3 bathrooms, 3,478 square feet of living space. It is a 2-story home. The lot is 0.04 acres.

Question 3

When was 1562 FAIRWAY RIDGE, Draper built?

Accepted Answer

This property was built in 2002, making it 24 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 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

1562 FAIRWAY RIDGE, Draper is a Residential (Townhouse). The architectural style is Rambler/Ranch. It is located in the COTTAGES AT FAIRWAY subdivision. Zoning: Single-Family, Multi-Family.

Question 5

Does 1562 FAIRWAY RIDGE, Draper have a garage or parking?

Accepted Answer

Yes, this property includes a 2-car garage and 2 open parking spaces. Total parking capacity: 4 vehicles.

Question 6

Is there an HOA for 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $450 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

What are the property taxes for 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

Annual property taxes for this property are approximately $2,647 (about $221/month). This represents an effective tax rate of approximately 0.32% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

Interior features include: Bar: Wet, Bath: Primary, Central Vacuum, Closet: Walk-In, Den/Office. Exterior features include: Balcony, Basement Entrance, Deck; Covered, Double Pane Windows, Entry (Foyer). The home has 2 fireplaces. Private pool included.  View: Mountain(s),Valley.

Question 9

Is 1562 FAIRWAY RIDGE, Draper a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 50/100. The price is 75% above similar homes in the area. This analysis considers price relative to comparables, days on market, price reductions, and market conditions.

Question 10

How does this price compare to similar homes in Draper?

Accepted Answer

The median price for similar properties in the area is $469,999 (based on 5 homes). At $822,000, this listing is 75% above the median for comparable homes. It ranks #Premium among similar listings by value.

Question 11

What would the monthly mortgage payment be for 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

At the current 30-year mortgage rate of 6.43% with 20% down, the estimated monthly principal and interest payment is $4,126. Including estimated taxes and HOA fees, the total monthly cost is approximately $4,797. A 15-year mortgage at 5.79% would be $5,475/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 12

How long has 1562 FAIRWAY RIDGE, Draper been on the market?

Accepted Answer

This property has been listed for 51 days. The average days on market in Draper is 39 days, meaning this listing is taking longer than the local average.

Question 13

Is 1562 FAIRWAY RIDGE, Draper a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $53,839 with a gross rental yield of 6.5%. Net rental yield (after estimated expenses): 4.3%.  Estimated debt service coverage ratio (DSCR): 0.96. Investor score: 48/100. These are estimates based on area comparables.

Question 14

What is the estimated rental income for 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $4,487 ($53,844/year). The gross rent multiplier is 15.3x (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 1562 FAIRWAY RIDGE, Draper offer?

Accepted Answer

Propaired's AI has identified 7 lifestyle features for this property: Pool, Golf Community, Luxury Estate, Scenic Views, Gated Community, Hot Tub/Spa, Master-Planned Community. The primary lifestyle niche is "luxury_estate." These tags are derived from MLS data, property features, and location analysis.

Question 16

Does 1562 FAIRWAY RIDGE, Draper have a pool?

Accepted Answer

Yes, this property includes a private pool. A hot tub/spa is also included. 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 makes 1562 FAIRWAY RIDGE, Draper a luxury property?

Accepted Answer

This property is classified as a luxury estate based on its price point, features, and location. At 3,478 sqft on 0.04 acres, it offers premium living. Located in a gated community for added privacy and security. The property features scenic views.  Luxury properties in Utah benefit from no state estate tax and relatively low property tax rates.

Question 18

What recreation is near 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

This property has a recreation score of 65/100. Nearby recreation includes: Coyote Hollow trailhead (0.2 mi); Corner Canyon Regional Park park (0.3 mi); South Mountain Golf Course (0.6 mi); Flight Park State Recreation Area (4.0 mi). Skiing: Snowbird Ski and Summer Resort (10.0 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 19

Are there hiking trails near 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

Yes, the nearest trailhead is Coyote Hollow, just 0.2 miles from the property. Flight Park State Recreation Area is 4.0 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 20

What amenities and services are near 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

This property has an amenity proximity score of 66/100. Nearby services include: Grocery: Walmart Neighborhood Market (2.2 mi); Hospital: Massage by Jilene (4.5 mi); Pharmacy: Walmart Pharmacy (2.2 mi); Dining: Beans & Brews Coffee House (4.4 mi). Gas station: 2.3 miles. Gym: Studio CORE Pilates (2.2 mi).

Question 21

How far is the nearest hospital from 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

The nearest hospital is Massage by Jilene, approximately 4.5 miles from the property. The nearest fire station is 3.6 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 22

What schools serve 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

Assigned schools: Elementary: Oak Hollow; Middle: Draper Park; High: Corner Canyon. There are 5 schools within 3 miles of this property. The highest-rated nearby school is Corner Canyon High with a 67% state performance score (1.8 miles away). School district: Canyons.

Question 23

What high school is near 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

The nearest high school is Corner Canyon. View the full school profile on Propaired for test scores, enrollment, and student-to-teacher ratios.

Question 24

What elementary school is near 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

The nearest elementary school is Oak Hollow (1.1 miles away). State performance score: 59%. District: Canyons District. Propaired provides full school ratings and comparison data for all schools in this area.

Question 25

What middle school is near 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

The nearest middle school is Draper Park.

Question 26

How good are the schools near 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

Of the 5 schools within 3 miles, 5 have state performance data with an average score of 59%.  School quality is a key factor in home values — properties near top-rated schools typically command a 5-10% premium. Visit each school's detail page on Propaired for full performance breakdowns.

Question 27

What is the internet speed at 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

This property has a broadband score of 100/100 (Excellent). Best available speed: 8000 Mbps download / 8000 Mbps upload. Fiber internet is available at this address. Available providers: AT&T (25 Mbps, Fixed Wireless); CenturyLink (140 Mbps, DSL); Google Fiber (8000 Mbps, Fiber). Total providers: 11.

Question 28

Is 1562 FAIRWAY RIDGE, 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 29

How does this listing compare to the Draper market?

Accepted Answer

1562 FAIRWAY RIDGE, Draper is listed at $822,000, which is above the Draper median of $757,000 by $65,000. There are currently 174 active listings in Draper. Homes in Draper sell in an average of 39 days. The average sale-to-list ratio is 98.7%.

Question 30

What is the Draper real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Draper is $757,000. There are currently 174 active listings. Homes sell in an average of 39 days. The average sale-to-list ratio is 98.7%. This listing at $822,000 is above the Draper 2026 median.

Question 31

Are there other homes for sale in Draper?

Accepted Answer

Yes — there are currently 174 active listings in Draper. Browse all Draper homes for sale at propaired.ai/listings/ut/draper. Prices range around a median of $757,000. Homes in Draper are selling in about 39 days on average.

Question 32

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 33

How does this price compare to the Utah state average?

Accepted Answer

At $822,000, this property is above the Utah state median of $525,000 by $297,000. Draper prices are 44% 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 34

What is the Propaired intelligence score for 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

This property has a Propaired intelligence score of 57/100, combining deal value (50), recreation access (65), amenity proximity (66), broadband quality (100), and lifestyle features (7 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 35

What heating and cooling systems does 1562 FAIRWAY RIDGE, 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 36

What type of roof does 1562 FAIRWAY RIDGE, Draper have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 24-year-old home, reviewing recent roof inspections is recommended.

Question 37

Does 1562 FAIRWAY RIDGE, Draper have a basement?

Accepted Answer

Yes, the basement is described as: Daylight,Walk-Out Access. 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 38

What is 1562 FAIRWAY RIDGE, Draper constructed from?

Accepted Answer

Construction materials include: Stone,Stucco. Stone construction provides exceptional durability and a premium aesthetic.

Question 39

What type of flooring does 1562 FAIRWAY RIDGE, Draper have?

Accepted Answer

Flooring types include: Carpet,Hardwood,Travertine. Hardwood floors are a premium feature that adds lasting value and can be refinished multiple times.  Carpeted areas provide warmth and comfort, especially in bedrooms.

Question 40

What are the water and sewer connections for 1562 FAIRWAY RIDGE, 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 41

What is the commute like from 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

1562 FAIRWAY RIDGE, 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 42

What shopping and dining is near 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

The nearest restaurant is Beans & Brews Coffee House (4.4 miles away) and the nearest grocery store is Walmart Neighborhood Market (2.2 miles). Coffee: ExtraMile Chevron (2.3 mi). Banking: Bank of America (with Drive-thru ATM) (2.3 mi). Overall amenity proximity score: 66/100.

Question 43

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 44

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 45

What would homeowner's insurance cost for 1562 FAIRWAY RIDGE, 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 $822,000, expect approximately $2,466-$4,110/year ($206-$343/month).   Get multiple quotes — rates vary significantly by insurer.

Question 46

What are the estimated closing costs for 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $822,000, expect approximately $16,440-$41,100 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 47

How does the property tax compare to the list price at 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

The annual property tax of $2,647 represents an effective rate of 0.32% relative to the list price of $822,000. 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 48

What are the total estimated monthly costs for 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

Estimated total monthly housing cost: $5,071. This includes principal & interest ($4,126 at 6.43% with 20% down), property tax ($221/mo), HOA ($450/mo), and estimated insurance (~$274/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 49

Is 1562 FAIRWAY RIDGE, Draper eligible for FHA or VA financing?

Accepted Answer

At $822,000, 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 50

What is the estimated cap rate for 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 4.3%, based on estimated annual rent of $53,839 and a purchase price of $822,000. A cap rate of 4-6% is typical for residential properties in growing Utah markets.

Question 51

Is Draper a good rental market?

Accepted Answer

Estimated monthly rent in Draper is approximately $4,382. Homes in Draper sell in an average of 39 days, indicating healthy demand in this market. There are 174 active listings currently. Gross rental yield in this area: 6.5%. Utah's steady population growth continues to drive rental demand.

Question 52

Could 1562 FAIRWAY RIDGE, Draper be a 1031 exchange property?

Accepted Answer

Yes, 1562 FAIRWAY RIDGE, 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 53

How does 1562 FAIRWAY RIDGE, Draper compare to recently sold homes nearby?

Accepted Answer

Based on 5 comparable properties, the median sold price in this area is $469,999. This listing is 75% above the comparable median. It ranks Premium among similar listings by value. The median for this property type specifically is $509,000. Comparable analysis is based on similar size, age, and location.

Question 54

Is the Draper neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 2.6% over the past year. The current Zillow Home Value Index for this area is $550,183. This listing is priced at 149% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 55

What is the price trend in Draper?

Accepted Answer

Draper's median price has increased 23.8% month-over-month. Current median: $757,000. Days on market have decreased by 26.6% month-over-month. Homes are selling at 98.7% of list price on average. Monitor these trends to time your offer strategically.

Question 56

Is 1562 FAIRWAY RIDGE, Draper overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Standard." At 75% above comparable homes, the asking price is above the local median. Verify that premium features justify the price difference. Deal score: 50/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 57

What school district is 1562 FAIRWAY RIDGE, Draper in?

Accepted Answer

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

Question 58

How do nearby schools rank statewide?

Accepted Answer

Of the 5 nearby schools with state rankings, the highest-ranked is Corner Canyon High at #166 statewide (67% performance score). Other ranked nearby schools include Oak Hollow School (#204) and Draper Park Middle (#227). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 59

What parks are near 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

The nearest local park is Corner Canyon Regional Park (0.3 miles away). The nearest state park is Flight Park State Recreation Area (4.0 miles).  Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 60

Is there a golf course near 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

The nearest golf course is South Mountain Golf Course, 0.6 miles from the property. This property is located within a golf community, which may include membership benefits and golf course views. Close proximity to a golf course is a desirable feature that can enhance property value.

Question 61

What water activities are near 1562 FAIRWAY RIDGE, Draper?

Accepted Answer

Water recreation near this property includes: Deer Creek Reservoir (18.1 mi); boat ramp at Saratoga Springs (10.6 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 62

Is 1562 FAIRWAY RIDGE, Draper move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 63

What updates might 1562 FAIRWAY RIDGE, Draper need?

Accepted Answer

At 24 years old, common updates to consider include: HVAC system update. 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 64

Does 1562 FAIRWAY RIDGE, 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.

1562 FAIRWAY RIDGE, Draper, UT 84020

1562 E FAIRWAY RIDGE RD, Draper, UT 84020

About This Property

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