Question 1

What is the asking price for 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

605 LOAFER CANYON, Elk Ridge is listed at $799,900 ($194/sqft). The original list price was $824,900, representing a reduction of $25,000. This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 605 LOAFER CANYON, Elk Ridge have?

Accepted Answer

This Residential features 7 bedrooms, 4 bathrooms, 4,123 square feet of living space. It is a 3-story home. The lot is 0.77 acres.

Question 3

When was 605 LOAFER CANYON, Elk Ridge built?

Accepted Answer

This property was built in 1996, making it 30 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 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

605 LOAFER CANYON, Elk Ridge is a Residential (Single Family Residence). The architectural style is Stories: 2.  Zoning: Single-Family, Agricultural.

Question 5

Does 605 LOAFER CANYON, Elk Ridge have a garage or parking?

Accepted Answer

Yes, this property includes a 2-car garage and 6 open parking spaces. Total parking capacity: 8 vehicles.

Question 6

Is there an HOA for 605 LOAFER CANYON, 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 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

Annual property taxes for this property are approximately $3,774 (about $315/month). This represents an effective tax rate of approximately 0.47% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

Interior features include: Accessory Apt, Basement Apartment, Closet: Walk-In, Kitchen: Second, Mother-in-Law Apt.. Exterior features include: Basement Entrance, Deck; Covered, Horse Property, Porch: Open, Walkout. The home has 1 fireplace.

Question 9

Is 605 LOAFER CANYON, Elk Ridge a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Great Deal (vs Similar)" with a deal score of 90/100. Key deal signals: Priced 20% below similar homes; 7.1% year-over-year market appreciation; 3% price reduction from original list. The price is 20% below 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 Elk Ridge?

Accepted Answer

The median price for similar properties in the area is $995,000 (based on 10 homes). At $799,900, this listing is 20% below the median for comparable homes. It ranks #Below Similar among similar listings by value.

Question 11

Has the price been reduced on 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

Yes, the price has been reduced by 3.0% from the original list price of $824,900 to the current price of $799,900 — a reduction of $25,000. Price reductions can indicate seller motivation or market adjustment.

Question 12

What would the monthly mortgage payment be for 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

At the current 30-year mortgage rate of 6.36% with 20% down, the estimated monthly principal and interest payment is $3,986. Including estimated taxes, the total monthly cost is approximately $4,301. A 15-year mortgage at 5.71% would be $5,300/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 13

How long has 605 LOAFER CANYON, Elk Ridge been on the market?

Accepted Answer

This property has been listed for 39 days. The average days on market in Elk Ridge is 122 days, meaning this listing is moving faster than the local average.

Question 14

Is 605 LOAFER CANYON, Elk Ridge a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $74,209 with a gross rental yield of 9.3%. Net rental yield (after estimated expenses): 6.0%.  Estimated debt service coverage ratio (DSCR): 1.37. Investor score: 61/100. These are estimates based on area comparables.

Question 15

What is the estimated rental income for 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $6,184 ($74,208/year). The gross rent multiplier is 10.8x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 16

What lifestyle features does 605 LOAFER CANYON, Elk Ridge offer?

Accepted Answer

Propaired's AI has identified 6 lifestyle features for this property: ADU/Multigenerational, Equestrian, Cabin/Mountain, Scenic Views, Hot Tub/Spa, Investor Special. The primary lifestyle niche is "equestrian." These tags are derived from MLS data, property features, and location analysis.

Question 17

Is 605 LOAFER CANYON, Elk Ridge suitable for horses?

Accepted Answer

Yes, this property is tagged as equestrian-friendly. The MLS listing confirms horse keeping is permitted. The 0.77-acre lot provides space for pasture and facilities. Check with the local municipality for any animal keeping permits required.

Question 18

What recreation is near 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

This property has a recreation score of 66/100. Nearby recreation includes: Red Lake trailhead (4.6 mi); Shuler Park park (0.6 mi); Gladstan Golf Course (0.8 mi); Utah Lake State Park (14.9 mi). Skiing: Sundance Resort (25.1 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 19

Are there hiking trails near 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

Yes, the nearest trailhead is Red Lake, just 4.6 miles from the property. Utah Lake State Park is 14.9 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 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

This property has an amenity proximity score of 65/100. Nearby services include: Grocery: Macey's Santaquin (6.2 mi); Hospital: University Place (7.4 mi); Pharmacy: Santaquin Pharmacy (6.3 mi); Dining: Marco's pizza (5.9 mi). Gas station: 2.2 miles. Gym: Flippin' Out Tumbling & Cheer (3.4 mi).

Question 21

How far is the nearest hospital from 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

The nearest hospital is University Place, approximately 7.4 miles from the property. The nearest fire station is 1.4 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 22

What schools serve 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

Assigned schools: Elementary: Mt Loafer; Middle: Salem Jr; High: Salem Hills. There are 2 schools within 3 miles of this property. The highest-rated nearby school is Salem Hills High with a 63% state performance score (2.7 miles away). School district: Nebo.

Question 23

What high school is near 605 LOAFER CANYON, 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 24

What elementary school is near 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

The nearest elementary school is Mt Loafer (1.6 miles away). State performance score: 59%. District: American Preparatory Academy. Propaired provides full school ratings and comparison data for all schools in this area.

Question 25

What middle school is near 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

The nearest middle school is Salem Jr.

Question 26

What is the internet speed at 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

This property has a broadband score of 100/100 (Excellent). Best available speed: 2000 Mbps download / 1000 Mbps upload. Fiber internet is available at this address. Available providers: AT&T (25 Mbps, Fixed Wireless); CenturyLink (100 Mbps, DSL); Fusion Networks (75 Mbps, Fixed Wireless). Total providers: 10.

Question 27

Is 605 LOAFER CANYON, 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 28

How does this listing compare to the Elk Ridge market?

Accepted Answer

605 LOAFER CANYON, Elk Ridge is listed at $799,900, which is above the Elk Ridge median of $580,000 by $219,900. There are currently 22 active listings in Elk Ridge. Homes in Elk Ridge sell in an average of 122 days. The average sale-to-list ratio is 98.5%.

Question 29

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

Accepted Answer

In 2026, the median home price in Elk Ridge is $580,000. There are currently 22 active listings. Homes sell in an average of 122 days. The average sale-to-list ratio is 98.5%. This listing at $799,900 is above the Elk Ridge 2026 median.

Question 30

Are there other homes for sale in Elk Ridge?

Accepted Answer

Yes — there are currently 22 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 $580,000. Homes in Elk Ridge are selling in about 122 days on average.

Question 31

How does this price compare to the Utah state average?

Accepted Answer

At $799,900, this property is above the Utah state median of $517,990 by $281,910. Elk Ridge prices are 12% 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 32

What is the Propaired intelligence score for 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

This property has a Propaired intelligence score of 71/100, combining deal value (90), recreation access (66), amenity proximity (65), broadband quality (100), and lifestyle features (6 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 33

What heating and cooling systems does 605 LOAFER CANYON, Elk Ridge 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 34

What type of roof does 605 LOAFER CANYON, Elk Ridge have?

Accepted Answer

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

Question 35

Does 605 LOAFER CANYON, Elk Ridge have a basement?

Accepted Answer

Yes, the basement is described as: Full,Walk-Out Access. 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 36

What is 605 LOAFER CANYON, Elk Ridge constructed from?

Accepted Answer

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

Question 37

What type of flooring does 605 LOAFER CANYON, 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 38

What are the water and sewer connections for 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

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

Question 39

What shopping and dining is near 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

The nearest restaurant is Marco's pizza (5.9 miles away) and the nearest grocery store is Macey's Santaquin (6.2 miles). Coffee: The Coffee Stop in Salem (2.2 mi). Banking: UCCU - Santaquin Branch (6.6 mi). Overall amenity proximity score: 65/100.

Question 40

What would homeowner's insurance cost for 605 LOAFER CANYON, 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 $799,900, expect approximately $2,400-$4,000/year ($200-$333/month).   Get multiple quotes — rates vary significantly by insurer.

Question 41

What are the estimated closing costs for 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $799,900, expect approximately $15,998-$39,995 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 42

How does the property tax compare to the list price at 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

The annual property tax of $3,774 represents an effective rate of 0.47% relative to the list price of $799,900. 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 43

What are the total estimated monthly costs for 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

Estimated total monthly housing cost: $4,568. This includes principal & interest ($3,986 at 6.36% with 20% down), property tax ($315/mo), and estimated insurance (~$267/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 44

Is 605 LOAFER CANYON, Elk Ridge eligible for FHA or VA financing?

Accepted Answer

At $799,900, 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 45

What is the estimated cap rate for 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 6.0%, based on estimated annual rent of $74,209 and a purchase price of $799,900. A cap rate above 6% is generally considered strong for residential investment.

Question 46

Is Elk Ridge a good rental market?

Accepted Answer

Estimated monthly rent in Elk Ridge is approximately $4,453. Homes in Elk Ridge sell in an average of 122 days, indicating moderate demand in this market. There are 22 active listings currently. Gross rental yield in this area: 9.3%. Utah's steady population growth continues to drive rental demand.

Question 47

Could 605 LOAFER CANYON, Elk Ridge be a 1031 exchange property?

Accepted Answer

Yes, 605 LOAFER CANYON, 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 48

How does 605 LOAFER CANYON, Elk Ridge compare to recently sold homes nearby?

Accepted Answer

Based on 10 comparable properties, the median sold price in this area is $995,000. This listing is 20% below the comparable median. It ranks Below Similar among similar listings by value. The median for this property type specifically is $947,500. Comparable analysis is based on similar size, age, and location.

Question 49

Is the Elk Ridge neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 7.1% over the past year. The current Zillow Home Value Index for this area is $502,013. This listing is priced at 159% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 50

What is the price trend in Elk Ridge?

Accepted Answer

Elk Ridge's median price has increased 11.5% month-over-month. Current median: $580,000. Days on market have decreased by 77.8% month-over-month. Homes are selling at 98.5% of list price on average. Monitor these trends to time your offer strategically.

Question 51

Is 605 LOAFER CANYON, Elk Ridge overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Great Deal (vs Similar)." At 20% below comparable homes, this property appears competitively priced. Deal score: 90/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 52

What school district is 605 LOAFER CANYON, Elk Ridge in?

Accepted Answer

This property is in the Nebo school district. Assigned elementary: Mt Loafer. 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 53

How do nearby schools rank statewide?

Accepted Answer

Of the 2 nearby schools with state rankings, the highest-ranked is American Preparatory Academy - Salem at #190 statewide (59% performance score). Other ranked nearby schools include Salem Hills High (#256). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 54

What parks are near 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

The nearest local park is Shuler Park (0.6 miles away). The nearest state park is Utah Lake State Park (14.9 miles).  Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 55

Is there a golf course near 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

The nearest golf course is Gladstan Golf Course, 0.8 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 56

What water activities are near 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

Water recreation near this property includes: Utah Lake (15.0 mi); boat ramp at Lincoln 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 57

Is 605 LOAFER CANYON, Elk Ridge move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 58

What updates might 605 LOAFER CANYON, Elk Ridge need?

Accepted Answer

At 30 years old, common updates to consider include: roof replacement (if original), HVAC system update, 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 59

Does 605 LOAFER CANYON, 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 60

What is the lot like at 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

The lot is 0.77 acres. Lot features: Curb & Gutter,Fenced: Part,Sprinkler: Auto-Full. Terrain: Curb & Gutter, Fenced: Part, Sprinkler: Auto-Full.   Lot characteristics affect usability, privacy, and future improvement potential.

Question 61

What utilities are available at 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

Available utilities include: Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected.  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 62

Does 605 LOAFER CANYON, Elk Ridge 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 63

Is there EV charging near 605 LOAFER CANYON, Elk Ridge?

Accepted Answer

The nearest EV charging station is Electrify America Charging Station, approximately 7.4 miles from the property. With a 2-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.

605 LOAFER CANYON, Elk Ridge, UT 84651

605 N LOAFER CANYON RD, Elk Ridge, UT 84651

About This Property

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Amenities NearbyScore: 65/100

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