Question 1

What is the asking price for 87 LOAFER CANYON, Elk Ridge?

Accepted Answer

87 LOAFER CANYON, Elk Ridge is listed at $640,000 ($180/sqft).  Current status: Hold.

Question 2

How many bedrooms and bathrooms does 87 LOAFER CANYON, Elk Ridge have?

Accepted Answer

This Residential features 5 bedrooms, 3 bathrooms, 3,560 square feet of living space. It is a 2-story home. The lot is 0.86 acres.

Question 3

When was 87 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 87 LOAFER CANYON, Elk Ridge?

Accepted Answer

87 LOAFER CANYON, Elk Ridge is a Residential (Single Family Residence). The architectural style is Stories: 2. It is located in the LOAFER CANYON subdivision. Zoning: Single-Family.

Question 5

Does 87 LOAFER CANYON, Elk Ridge have a garage or parking?

Accepted Answer

Yes, this property includes a 2-car garage and 4 open parking spaces. Total parking capacity: 6 vehicles.

Question 6

Is there an HOA for 87 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 87 LOAFER CANYON, Elk Ridge?

Accepted Answer

Annual property taxes for this property are approximately $3,232 (about $269/month). This represents an effective tax rate of approximately 0.51% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 87 LOAFER CANYON, Elk Ridge?

Accepted Answer

Interior features include: Alarm: Fire, Bath: Primary, Bath: Sep. Tub/Shower, Closet: Walk-In, Disposal. Exterior features include: Balcony, Double Pane Windows, Horse Property, Out Buildings, Patio: Covered. The home has 2 fireplaces.   View: Mountain(s).

Question 9

How long has 87 LOAFER CANYON, Elk Ridge been on the market?

Accepted Answer

This property has been listed for 3 days. The average days on market in Elk Ridge is 61 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 10

Is 87 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 0.86-acre lot provides space for pasture and facilities. Check with the local municipality for any animal keeping permits required.

Question 11

What schools serve 87 LOAFER CANYON, Elk Ridge?

Accepted Answer

Assigned schools: Elementary: Mt Loafer; Middle: Salem Jr; High: Salem Hills. There are 1 schools within 3 miles of this property. The highest-rated nearby school is American Preparatory Academy - Salem with a 59% state performance score (1.9 miles away). School district: Nebo.

Question 12

What high school is near 87 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 13

What elementary school is near 87 LOAFER CANYON, Elk Ridge?

Accepted Answer

The nearest elementary school is Mt Loafer (1.9 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 14

What middle school is near 87 LOAFER CANYON, Elk Ridge?

Accepted Answer

The nearest middle school is Salem Jr.

Question 15

How does this listing compare to the Elk Ridge market?

Accepted Answer

87 LOAFER CANYON, Elk Ridge is listed at $640,000, which is below the Elk Ridge median of $890,000 by $250,000. 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 16

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 $640,000 is below the Elk Ridge 2026 median.

Question 17

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 18

How does this price compare to the Utah state average?

Accepted Answer

At $640,000, this property is above the Utah state median of $525,000 by $115,000. 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 19

What heating and cooling systems does 87 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 20

What type of roof does 87 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 21

Does 87 LOAFER CANYON, Elk Ridge have a basement?

Accepted Answer

Yes, the basement is described as: None. 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 22

What is 87 LOAFER CANYON, Elk Ridge constructed from?

Accepted Answer

Construction materials include: Asphalt,Stucco,Other. The construction type affects long-term maintenance requirements and insurance costs.

Question 23

What type of flooring does 87 LOAFER CANYON, Elk Ridge have?

Accepted Answer

Flooring types include: Carpet,Tile.  Tile flooring is durable and ideal for high-traffic areas and bathrooms. Carpeted areas provide warmth and comfort, especially in bedrooms.

Question 24

What are the water and sewer connections for 87 LOAFER CANYON, 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 25

What would homeowner's insurance cost for 87 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 $640,000, expect approximately $1,920-$3,200/year ($160-$267/month).   Get multiple quotes — rates vary significantly by insurer.

Question 26

What are the estimated closing costs for 87 LOAFER CANYON, Elk Ridge?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $640,000, expect approximately $12,800-$32,000 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 27

How does the property tax compare to the list price at 87 LOAFER CANYON, Elk Ridge?

Accepted Answer

The annual property tax of $3,232 represents an effective rate of 0.51% relative to the list price of $640,000. 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 28

Is 87 LOAFER CANYON, Elk Ridge eligible for FHA or VA financing?

Accepted Answer

At $640,000, 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 29

Could 87 LOAFER CANYON, Elk Ridge be a 1031 exchange property?

Accepted Answer

Yes, 87 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 30

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 31

What school district is 87 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 32

Is 87 LOAFER CANYON, Elk Ridge move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 33

What updates might 87 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 34

Does 87 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 35

What is the lot like at 87 LOAFER CANYON, Elk Ridge?

Accepted Answer

The lot is 0.86 acres. Lot features: Curb & Gutter,Fenced: Part,Road: Paved,Terrain: Hilly,View: Mountain. Terrain: Curb & Gutter, Fenced: Part, Road: Paved, Terrain, Flat, Terrain: Hilly, View: Mountain. Views: Mountain(s).  Lot characteristics affect usability, privacy, and future improvement potential.

Question 36

What utilities are available at 87 LOAFER CANYON, 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 37

Does 87 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.

87 LOAFER CANYON, Elk Ridge, UT 84651

87 N LOAFER CANYON RD, Elk Ridge, UT 84651

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