Question 1

What is the asking price for 314 200, Farmington?

Accepted Answer

314 200, Farmington is listed at $4,500,000.  This listing is currently active and available for showings.

Question 2

When was 314 200, Farmington built?

Accepted Answer

This property was built in 2009, making it 17 years old. Built in the early 2000s, the home benefits from modern construction standards and may have updated systems.

Question 3

What type of property is 314 200, Farmington?

Accepted Answer

314 200, Farmington is a Commercial Sale (Industrial).

Question 4

Is there an HOA for 314 200, Farmington?

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 5

What are the property taxes for 314 200, Farmington?

Accepted Answer

Annual property taxes for this property are approximately $2,730 (about $228/month). This represents an effective tax rate of approximately 0.06% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 6

How long has 314 200, Farmington been on the market?

Accepted Answer

This property has been listed for 9 days. The average days on market in Farmington is 52 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 7

How does this listing compare to the Farmington market?

Accepted Answer

314 200, Farmington is listed at $4,500,000, which is above the Farmington median of $725,760 by $3,774,240. There are currently 67 active listings in Farmington. Homes in Farmington sell in an average of 52 days. The average sale-to-list ratio is 98.8%.

Question 8

What is the Farmington real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Farmington is $725,760. There are currently 67 active listings. Homes sell in an average of 52 days. The average sale-to-list ratio is 98.8%. This listing at $4,500,000 is above the Farmington 2026 median.

Question 9

Are there other homes for sale in Farmington?

Accepted Answer

Yes — there are currently 67 active listings in Farmington. Browse all Farmington homes for sale at propaired.ai/listings/ut/farmington. Prices range around a median of $725,760. Homes in Farmington are selling in about 52 days on average.

Question 10

How does this price compare to the Utah state average?

Accepted Answer

At $4,500,000, this property is above the Utah state median of $522,000 by $3,978,000. Farmington prices are 39% 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 11

What would homeowner's insurance cost for 314 200, Farmington?

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 $4,500,000, expect approximately $13,500-$22,500/year ($1,125-$1,875/month).   Get multiple quotes — rates vary significantly by insurer.

Question 12

What are the estimated closing costs for 314 200, Farmington?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $4,500,000, expect approximately $90,000-$225,000 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 13

How does the property tax compare to the list price at 314 200, Farmington?

Accepted Answer

The annual property tax of $2,730 represents an effective rate of 0.06% relative to the list price of $4,500,000. 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 14

Is 314 200, Farmington eligible for FHA or VA financing?

Accepted Answer

At $4,500,000, 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 15

Could 314 200, Farmington be a 1031 exchange property?

Accepted Answer

Yes, 314 200, Farmington 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 16

What is the price trend in Farmington?

Accepted Answer

Farmington's median price has increased 2.7% month-over-month. Current median: $725,760. Days on market have decreased by 29.1% month-over-month. Homes are selling at 98.8% of list price on average. Monitor these trends to time your offer strategically.

Question 17

Is 314 200, Farmington move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 18

Does 314 200, Farmington 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 19

What is the lot like at 314 200, Farmington?

Accepted Answer

The lot is 1.67 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

314 200, Farmington, UT 84025

314 S 200 W, Farmington, UT 84025

About This Property

Property Info

Financial

Parking

All Property Details

Property Info

Financial

Lot & Land

Parking

Amenities

Timeline

Farmington Market Context

Crime & Safety

Farmington compared to:

vs National Average (FBI UCR 2024)

Find Your Dream Home

Frequently Asked Questions

Discover