Question 1

What is the asking price for 53 HIGH SIERRA, Elk Ridge?

Accepted Answer

53 HIGH SIERRA, Elk Ridge is listed at $7,300,000. The original list price was $10,000,000, representing a reduction of $2,700,000. Current status: Pending.

Question 2

What type of property is 53 HIGH SIERRA, Elk Ridge?

Accepted Answer

53 HIGH SIERRA, Elk Ridge is a Land (Residential).   Zoning: Single-Family.

Question 3

Is there an HOA for 53 HIGH SIERRA, Elk Ridge?

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 4

What are the property taxes for 53 HIGH SIERRA, Elk Ridge?

Accepted Answer

Annual property taxes for this property are approximately $24 (about $2/month). This represents an effective tax rate of approximately 0.00% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 5

How long has 53 HIGH SIERRA, Elk Ridge been on the market?

Accepted Answer

This property has been listed for 423 days. The average days on market in Elk Ridge is 61 days, meaning this listing is taking longer than the local average. Extended time on market may present negotiation opportunities for buyers.

Question 6

What schools serve 53 HIGH SIERRA, Elk Ridge?

Accepted Answer

Assigned schools: Elementary: Foothills; Middle: Salem Jr; High: Salem Hills.   School district: Nebo.

Question 7

What high school is near 53 HIGH SIERRA, Elk Ridge?

Accepted Answer

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

Question 8

What elementary school is near 53 HIGH SIERRA, Elk Ridge?

Accepted Answer

The nearest elementary school is Foothills. Propaired provides full school ratings and comparison data for all schools in this area.

Question 9

What middle school is near 53 HIGH SIERRA, Elk Ridge?

Accepted Answer

The nearest middle school is Salem Jr.

Question 10

How does this listing compare to the Elk Ridge market?

Accepted Answer

53 HIGH SIERRA, Elk Ridge is listed at $7,300,000, which is above the Elk Ridge median of $890,000 by $6,410,000. There are currently 28 active listings in Elk Ridge. Homes in Elk Ridge sell in an average of 61 days. The average sale-to-list ratio is 99.5%.

Question 11

What is the Elk Ridge real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Elk Ridge is $890,000. There are currently 28 active listings. Homes sell in an average of 61 days. The average sale-to-list ratio is 99.5%. This listing at $7,300,000 is above the Elk Ridge 2026 median.

Question 12

Are there other homes for sale in Elk Ridge?

Accepted Answer

Yes — there are currently 28 active listings in Elk Ridge. Browse all Elk Ridge homes for sale at propaired.ai/listings/ut/elk-ridge. Prices range around a median of $890,000. Homes in Elk Ridge are selling in about 61 days on average.

Question 13

How does this price compare to the Utah state average?

Accepted Answer

At $7,300,000, this property is above the Utah state median of $525,000 by $6,775,000. Elk Ridge prices are 70% 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 14

What would homeowner's insurance cost for 53 HIGH SIERRA, Elk Ridge?

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 $7,300,000, expect approximately $21,900-$36,500/year ($1,825-$3,042/month).   Get multiple quotes — rates vary significantly by insurer.

Question 15

What are the estimated closing costs for 53 HIGH SIERRA, Elk Ridge?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $7,300,000, expect approximately $146,000-$365,000 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 16

How does the property tax compare to the list price at 53 HIGH SIERRA, Elk Ridge?

Accepted Answer

The annual property tax of $24 represents an effective rate of 0.00% relative to the list price of $7,300,000. 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 17

Is 53 HIGH SIERRA, Elk Ridge eligible for FHA or VA financing?

Accepted Answer

At $7,300,000, 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 18

Could 53 HIGH SIERRA, Elk Ridge be a 1031 exchange property?

Accepted Answer

Yes, 53 HIGH SIERRA, Elk Ridge 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 19

What is the price trend in Elk Ridge?

Accepted Answer

Elk Ridge's median price has increased 2.5% month-over-month. Current median: $890,000. Days on market have increased by 107.9% month-over-month. Homes are selling at 99.5% of list price on average. Monitor these trends to time your offer strategically.

Question 20

What school district is 53 HIGH SIERRA, Elk Ridge in?

Accepted Answer

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

Question 21

Is 53 HIGH SIERRA, Elk Ridge move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 22

Does 53 HIGH SIERRA, Elk Ridge 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 23

What is the lot like at 53 HIGH SIERRA, Elk Ridge?

Accepted Answer

The lot is 121.24 acres. Lot features: Additional Land Available,Fenced: Part,Terrain: Grad Slope,Terrain: Hilly,View: Mountain,View: Valley,Wooded,Near Golf Course,Horse Property. Terrain: Terrain: Grad Slope, Terrain: Hilly. Views: Valley,Trees/Woods,Golf Course.  Lot characteristics affect usability, privacy, and future improvement potential.

Question 24

What utilities are available at 53 HIGH SIERRA, Elk Ridge?

Accepted Answer

Available utilities include: Natural Gas Available,Gas: Not Connected,Electricity Available,Power: Not Connected,Sewer: Stubbed.   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.

53 HIGH SIERRA, Elk Ridge, UT 84651

53 S HIGH SIERRA DR, Elk Ridge, UT 84651

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