Question 1

What is the asking price for 135 COVE, Elk Ridge?

Accepted Answer

135 COVE, Elk Ridge is listed at $980,000 ($175/sqft). The original list price was $1,050,000, representing a reduction of $70,000. This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 135 COVE, Elk Ridge have?

Accepted Answer

This Residential features 6 bedrooms, 5 bathrooms, 5,608 square feet of living space. It is a 3-story home. The lot is 0.41 acres.

Question 3

When was 135 COVE, Elk Ridge built?

Accepted Answer

This property was built in 2001, making it 25 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 135 COVE, Elk Ridge?

Accepted Answer

135 COVE, Elk Ridge is a Residential (Single Family Residence). The architectural style is Stories: 2. It is located in the GREENVIEW ESTATES subdivision. Zoning: Single-Family.

Question 5

Does 135 COVE, Elk Ridge have a garage or parking?

Accepted Answer

Yes, this property includes a 3-car garage. Total parking capacity: 3 vehicles.

Question 6

Is there an HOA for 135 COVE, 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 7

What are the property taxes for 135 COVE, Elk Ridge?

Accepted Answer

Annual property taxes for this property are approximately $4,818 (about $402/month). This represents an effective tax rate of approximately 0.49% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 135 COVE, Elk Ridge?

Accepted Answer

Interior features include: Bath: Primary, Bath: Sep. Tub/Shower, Closet: Walk-In, Den/Office, Disposal. Exterior features include: Basement Entrance, Double Pane Windows, Entry (Foyer), Porch: Open, Walkout. The home has 2 fireplaces. Private pool included.  View: Lake,Mountain(s),Valley.

Question 9

Is 135 COVE, Elk Ridge a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 27/100. Key deal signals: Priced 6% below market median (per-type); 4.2% year-over-year market appreciation; 7% price reduction from original list.  This analysis considers price relative to comparables, days on market, price reductions, and market conditions.

Question 10

Has the price been reduced on 135 COVE, Elk Ridge?

Accepted Answer

Yes, the price has been reduced by 6.7% from the original list price of $1,050,000 to the current price of $980,000 — a reduction of $70,000. Price reductions can indicate seller motivation or market adjustment.

Question 11

What would the monthly mortgage payment be for 135 COVE, Elk Ridge?

Accepted Answer

At the current 30-year mortgage rate of 6.46% with 20% down, the estimated monthly principal and interest payment is $4,935. Including estimated taxes, the total monthly cost is approximately $5,337. A 15-year mortgage at 5.77% would be $6,519/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 12

How long has 135 COVE, Elk Ridge been on the market?

Accepted Answer

This property has been listed for 257 days. The average days on market in Elk Ridge is 152 days, meaning this listing is taking longer than the local average. Extended time on market may present negotiation opportunities for buyers.

Question 13

Is 135 COVE, Elk Ridge a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $21,433 with a gross rental yield of 2.2%. Net rental yield (after estimated expenses): 1.4%.  Estimated debt service coverage ratio (DSCR): 0.27. Investor score: 39/100. These are estimates based on area comparables.

Question 14

What is the estimated rental income for 135 COVE, Elk Ridge?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $1,786 ($21,432/year). The gross rent multiplier is 45.7x (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 135 COVE, Elk Ridge offer?

Accepted Answer

Propaired's AI has identified 2 lifestyle features for this property: Pool, Historic/Character. The primary lifestyle niche is "historic_character." These tags are derived from MLS data, property features, and location analysis.

Question 16

Does 135 COVE, Elk Ridge 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 135 COVE, Elk Ridge?

Accepted Answer

This property has a recreation score of 66/100. Nearby recreation includes: Red Lake trailhead (3.7 mi); Shuler Park park (0.4 mi); Gladstan Golf Course (0.4 mi); Utah Lake State Park (15.2 mi). Skiing: Sundance Resort (26.0 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 18

Are there hiking trails near 135 COVE, Elk Ridge?

Accepted Answer

Yes, the nearest trailhead is Red Lake, just 3.7 miles from the property. Utah Lake State Park is 15.2 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 135 COVE, Elk Ridge?

Accepted Answer

This property has an amenity proximity score of 70/100. Nearby services include: Grocery: Maverik (2.7 mi); Hospital: Revere Health (5.2 mi); Pharmacy: Mountain View Family Pharmacy (2.8 mi); Dining: Gladstan Grill (0.4 mi). Gas station: 2.8 miles. Gym: High Ropes Course (2.6 mi).

Question 20

How far is the nearest hospital from 135 COVE, Elk Ridge?

Accepted Answer

The nearest hospital is Revere Health, approximately 5.2 miles from the property. The nearest fire station is 2.0 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 21

What schools serve 135 COVE, Elk Ridge?

Accepted Answer

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

Question 22

What is the internet speed at 135 COVE, Elk Ridge?

Accepted Answer

This property has a broadband score of 95/100 (Excellent). Best available speed: 2000 Mbps download / 250 Mbps upload. Fiber is not currently available at this address. Available providers: CenturyLink (80 Mbps, DSL); Fusion Networks (75 Mbps, Fixed Wireless); HughesNet (100 Mbps, Satellite). Total providers: 8.

Question 23

Is 135 COVE, Elk Ridge 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 Elk Ridge market?

Accepted Answer

135 COVE, Elk Ridge is listed at $980,000, which is above the Elk Ridge median of $580,000 by $400,000. There are currently 24 active listings in Elk Ridge. Homes in Elk Ridge sell in an average of 152 days. The average sale-to-list ratio is 98.0%.

Question 25

How does this price compare to the Utah state average?

Accepted Answer

At $980,000, this property is above the Utah state median of $510,000 by $470,000. Elk Ridge prices are 14% 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 135 COVE, Elk Ridge?

Accepted Answer

This property has a Propaired intelligence score of 50/100, combining deal value (27), recreation access (66), amenity proximity (70), broadband quality (95), and lifestyle features (2 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 27

What heating and cooling systems does 135 COVE, Elk Ridge have?

Accepted Answer

Heating: 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 28

What type of roof does 135 COVE, Elk Ridge have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 25-year-old home, reviewing recent roof inspections is recommended.

Question 29

Does 135 COVE, Elk Ridge have a basement?

Accepted Answer

Yes, the basement is described as: Entrance,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 30

What is 135 COVE, Elk Ridge constructed from?

Accepted Answer

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

Question 31

What type of flooring does 135 COVE, Elk Ridge have?

Accepted Answer

Flooring types include: Carpet,Hardwood,Tile. 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 32

What are the water and sewer connections for 135 COVE, Elk Ridge?

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 33

What shopping and dining is near 135 COVE, Elk Ridge?

Accepted Answer

The nearest restaurant is Gladstan Grill (0.4 miles away) and the nearest grocery store is Maverik (2.7 miles). Coffee: The Coffee Stop in Salem (2.9 mi). Banking: Mountain America Credit Union (3.1 mi). Overall amenity proximity score: 70/100.

Question 34

What would homeowner's insurance cost for 135 COVE, 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 $980,000, expect approximately $2,940-$4,900/year ($245-$408/month).   Get multiple quotes — rates vary significantly by insurer.

Question 35

What are the estimated closing costs for 135 COVE, Elk Ridge?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $980,000, expect approximately $19,600-$49,000 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 36

How does the property tax compare to the list price at 135 COVE, Elk Ridge?

Accepted Answer

The annual property tax of $4,818 represents an effective rate of 0.49% relative to the list price of $980,000. 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 37

What are the total estimated monthly costs for 135 COVE, Elk Ridge?

Accepted Answer

Estimated total monthly housing cost: $5,664. This includes principal & interest ($4,935 at 6.46% with 20% down), property tax ($402/mo), and estimated insurance (~$327/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 38

Is 135 COVE, Elk Ridge eligible for FHA or VA financing?

Accepted Answer

At $980,000, 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 39

What is the estimated cap rate for 135 COVE, Elk Ridge?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 1.4%, based on estimated annual rent of $21,433 and a purchase price of $980,000. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 40

Is Elk Ridge a good rental market?

Accepted Answer

Estimated monthly rent in Elk Ridge is approximately $1,523. Homes in Elk Ridge sell in an average of 152 days, indicating moderate demand in this market. There are 24 active listings currently. Gross rental yield in this area: 2.2%. Utah's steady population growth continues to drive rental demand.

Question 41

Could 135 COVE, Elk Ridge be a 1031 exchange property?

Accepted Answer

Yes, 135 COVE, 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 42

Is the Elk Ridge neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 4.2% over the past year. The current Zillow Home Value Index for this area is $713,750. This listing is priced at 137% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 43

What is the price trend in Elk Ridge?

Accepted Answer

Elk Ridge's median price has decreased 22.6% month-over-month. Current median: $580,000. Days on market have decreased by 2.8% month-over-month. Homes are selling at 98.0% of list price on average. Monitor these trends to time your offer strategically.

Question 44

What school district is 135 COVE, 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 45

What parks are near 135 COVE, Elk Ridge?

Accepted Answer

The nearest local park is Shuler Park (0.4 miles away). The nearest state park is Utah Lake State Park (15.2 miles).  Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 46

Is there a golf course near 135 COVE, Elk Ridge?

Accepted Answer

The nearest golf course is Gladstan Golf Course, 0.4 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 47

What water activities are near 135 COVE, Elk Ridge?

Accepted Answer

Water recreation near this property includes: Utah Lake (15.4 mi); boat ramp at LaBaron Point (10.9 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 48

Is 135 COVE, Elk Ridge move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 49

What updates might 135 COVE, Elk Ridge need?

Accepted Answer

At 25 years old, common updates to consider include: HVAC system update. Current roof: Asphalt. Current heating: 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 50

Does 135 COVE, 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 51

What is the lot like at 135 COVE, Elk Ridge?

Accepted Answer

The lot is 0.41 acres. Lot features: Curb & Gutter,Fenced: Full,Road: Paved,Sprinkler: Auto-Full,Terrain: Grad Slope,View: Lake,View: Mountain,View: Valley. Terrain: Curb & Gutter, Fenced: Full, Road: Paved, Sprinkler: Auto-Full, Terrain: Grad Slope, View: Lake, View: Mountain, View: Valley. Views: Lake,Mountain(s),Valley.  Lot characteristics affect usability, privacy, and future improvement potential.

Question 52

What utilities are available at 135 COVE, Elk Ridge?

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 53

Does 135 COVE, Elk Ridge have natural gas?

Accepted Answer

Yes, this property has natural gas service — the heating system is listed as: 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 54

Is there EV charging near 135 COVE, Elk Ridge?

Accepted Answer

The nearest EV charging station is Electrify America Charging Station, approximately 8.3 miles from the property. With a 3-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.

Question 55

Is 135 COVE, Elk Ridge a historic or character home?

Accepted Answer

This property has been identified as a historic or character home, meaning it features distinctive architectural details, craftsmanship, or historical significance. Built in 2001, it represents mid-century design elements. Architectural style: Stories: 2. Historic homes may qualify for preservation tax credits. Consider potential limitations on exterior modifications if in a historic district.

135 COVE, Elk Ridge, UT 84651

135 W COVE DR, Elk Ridge, UT 84651

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