Question 1

What is the asking price for 197 OLYMPIC, Elk Ridge?

Accepted Answer

197 OLYMPIC, Elk Ridge is listed at $325,000.  This listing is currently active and available for showings.

Question 2

What type of property is 197 OLYMPIC, Elk Ridge?

Accepted Answer

197 OLYMPIC, Elk Ridge is a Land (Residential).  It is located in the HASKELL subdivision. Zoning: Single-Family.

Question 3

Is there an HOA for 197 OLYMPIC, 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 197 OLYMPIC, Elk Ridge?

Accepted Answer

Annual property taxes for this property are approximately $2,007 (about $167/month). This represents an effective tax rate of approximately 0.62% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 5

How long has 197 OLYMPIC, Elk Ridge been on the market?

Accepted Answer

This property has been listed for 26 days. The average days on market in Elk Ridge is 61 days, meaning this listing is moving faster than the local average.

Question 6

What schools serve 197 OLYMPIC, Elk Ridge?

Accepted Answer

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

Question 7

What high school is near 197 OLYMPIC, 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 197 OLYMPIC, Elk Ridge?

Accepted Answer

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

Question 9

What middle school is near 197 OLYMPIC, 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

197 OLYMPIC, Elk Ridge is listed at $325,000, which is below the Elk Ridge median of $890,000 by $565,000. There are currently 29 active listings in Elk Ridge. Homes in Elk Ridge sell in an average of 61 days. The average sale-to-list ratio is 100.2%.

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 29 active listings. Homes sell in an average of 61 days. The average sale-to-list ratio is 100.2%. This listing at $325,000 is below the Elk Ridge 2026 median.

Question 12

Are there other homes for sale in Elk Ridge?

Accepted Answer

Yes — there are currently 29 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 $325,000, this property is below the Utah state median of $525,000 by $200,000. 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 197 OLYMPIC, 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 $325,000, expect approximately $975-$1,625/year ($81-$135/month).   Get multiple quotes — rates vary significantly by insurer.

Question 15

What are the estimated closing costs for 197 OLYMPIC, Elk Ridge?

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 16

How does the property tax compare to the list price at 197 OLYMPIC, Elk Ridge?

Accepted Answer

The annual property tax of $2,007 represents an effective rate of 0.62% relative to the list price of $325,000. This is near the Utah average effective rate of approximately 0.58%. Property taxes in Utah are assessed by the county and can change when the property is sold.

Question 17

Is 197 OLYMPIC, Elk Ridge 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 18

Could 197 OLYMPIC, Elk Ridge be a 1031 exchange property?

Accepted Answer

Yes, 197 OLYMPIC, 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 6.1% month-over-month. Current median: $890,000. Days on market have increased by 156.9% month-over-month. Homes are selling at 100.2% of list price on average. Monitor these trends to time your offer strategically.

Question 20

What school district is 197 OLYMPIC, 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 21

Is 197 OLYMPIC, Elk Ridge move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 22

Does 197 OLYMPIC, 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 197 OLYMPIC, Elk Ridge?

Accepted Answer

The lot is 0.35 acres. Lot features: Curb & Gutter,Sidewalks.    Lot characteristics affect usability, privacy, and future improvement potential.

197 OLYMPIC, Elk Ridge, UT 84651

197 W OLYMPIC LN, Elk Ridge, UT 84651

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