Question 1

What is the asking price for 2240 LANEY, Holladay?

Accepted Answer

2240 LANEY, Holladay is listed at $955,000 ($682/sqft). The original list price was $960,000, representing a reduction of $5,000. This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 2240 LANEY, Holladay have?

Accepted Answer

This Residential features 2 bedrooms, 2 bathrooms, 1,400 square feet of living space. It is a 1-story home. The lot is 0.01 acres.

Question 3

When was 2240 LANEY, Holladay built?

Accepted Answer

This property was built in 2020, making it 6 years old. As a newer construction, it likely features modern building codes, energy-efficient systems, and contemporary finishes.

Question 4

What type of property is 2240 LANEY, Holladay?

Accepted Answer

2240 LANEY, Holladay is a Residential (Condominium). The architectural style is Condo; Top Level. It is located in the STATION AT HOLLADAY subdivision. Zoning: Multi-Family.

Question 5

Does 2240 LANEY, Holladay have a garage or parking?

Accepted Answer

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

Question 6

Is there an HOA for 2240 LANEY, Holladay?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $477 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

What are the property taxes for 2240 LANEY, Holladay?

Accepted Answer

Annual property taxes for this property are approximately $4,254 (about $355/month). This represents an effective tax rate of approximately 0.45% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 2240 LANEY, Holladay?

Accepted Answer

Interior features include: Closet: Walk-In, Range: Gas. Exterior features include: Balcony, Secured Building, Secured Parking. The home has 1 fireplace.   View: Mountain(s).

Question 9

Is 2240 LANEY, Holladay a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Great Deal (vs Similar)" with a deal score of 33/100. Key deal signals: Priced 15% below similar homes; 3.7% year-over-year market appreciation; 168.0 days on market — potential negotiation opportunity. The price is 15% 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 Holladay?

Accepted Answer

The median price for similar properties in the area is $1,124,500 (based on 10 homes). At $955,000, this listing is 15% below the median for comparable homes. It ranks #Below Similar among similar listings by value.

Question 11

Has the price been reduced on 2240 LANEY, Holladay?

Accepted Answer

Yes, the price has been reduced by 0.5% from the original list price of $960,000 to the current price of $955,000 — a reduction of $5,000. Price reductions can indicate seller motivation or market adjustment.

Question 12

What would the monthly mortgage payment be for 2240 LANEY, Holladay?

Accepted Answer

At the current 30-year mortgage rate of 6.46% with 20% down, the estimated monthly principal and interest payment is $4,809. Including estimated taxes and HOA fees, the total monthly cost is approximately $5,641. A 15-year mortgage at 5.77% would be $6,353/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 13

How long has 2240 LANEY, Holladay been on the market?

Accepted Answer

This property has been listed for 168 days. The average days on market in Holladay is 79 days, meaning this listing is taking longer than the local average. Extended time on market may present negotiation opportunities for buyers.

Question 14

Is 2240 LANEY, Holladay a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $13,951 with a gross rental yield of 1.5%. Net rental yield (after estimated expenses): 0.9%.  Estimated debt service coverage ratio (DSCR): 0.18. Investor score: 18/100. These are estimates based on area comparables.

Question 15

What is the estimated rental income for 2240 LANEY, Holladay?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $1,163 ($13,956/year). The gross rent multiplier is 68.5x (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 2240 LANEY, Holladay offer?

Accepted Answer

Propaired's AI has identified 4 lifestyle features for this property: Luxury Estate, Scenic Views, Gated Community, Walkable. The primary lifestyle niche is "luxury_estate." These tags are derived from MLS data, property features, and location analysis.

Question 17

What makes 2240 LANEY, Holladay a luxury property?

Accepted Answer

This property is classified as a luxury estate based on its price point, features, and location. At 1,400 sqft on 0.01 acres, it offers premium living. Located in a gated community for added privacy and security. The property features scenic views.  Luxury properties in Utah benefit from no state estate tax and relatively low property tax rates.

Question 18

What recreation is near 2240 LANEY, Holladay?

Accepted Answer

This property has a recreation score of 81/100. Nearby recreation includes: Mount Olympus trailhead (1.6 mi); Holladay Park park (0.2 mi); Cottonwood Country Club (1.3 mi); This Is The Place Heritage Park (5.9 mi). Skiing: Snowbird Ski and Summer Resort (10.9 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 19

Are there hiking trails near 2240 LANEY, Holladay?

Accepted Answer

Yes, the nearest trailhead is Mount Olympus, just 1.6 miles from the property. This Is The Place Heritage Park is 5.9 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 2240 LANEY, Holladay?

Accepted Answer

This property has an amenity proximity score of 98/100. Nearby services include: Grocery: Harmons (0.2 mi); Hospital: Turning Point Centers - Holladay Outpatient Treatment (1.2 mi); Pharmacy: Hyland Pharmacy (0.1 mi); Dining: Sharon's Cafe (0.1 mi). Gas station: 0.7 miles. Gym: SwimKids (0.1 mi).

Question 21

How far is the nearest hospital from 2240 LANEY, Holladay?

Accepted Answer

The nearest hospital is Turning Point Centers - Holladay Outpatient Treatment, approximately 1.2 miles from the property. The nearest fire station is 0.1 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 22

What schools serve 2240 LANEY, Holladay?

Accepted Answer

Assigned schools: Elementary: Holladay; Middle: Olympus; High: Olympus. There are 7 schools within 3 miles of this property. The highest-rated nearby school is Olympus High with a 62% state performance score (1.1 miles away). School district: Granite.

Question 23

How good are the schools near 2240 LANEY, Holladay?

Accepted Answer

Of the 7 schools within 3 miles, 7 have state performance data with an average score of 59%.  School quality is a key factor in home values — properties near top-rated schools typically command a 5-10% premium. Visit each school's detail page on Propaired for full performance breakdowns.

Question 24

What is the internet speed at 2240 LANEY, Holladay?

Accepted Answer

This property has a broadband score of 100/100 (Excellent). Best available speed: 8000 Mbps download / 8000 Mbps upload. Fiber internet is available at this address. Available providers: AT&T (100 Mbps, Fixed Wireless); CenturyLink (1000 Mbps, Fiber); CenturyLink (140 Mbps, DSL). Total providers: 12.

Question 25

Is 2240 LANEY, Holladay 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 26

How does this listing compare to the Holladay market?

Accepted Answer

2240 LANEY, Holladay is listed at $955,000, which is above the Holladay median of $820,000 by $135,000. There are currently 75 active listings in Holladay. Homes in Holladay sell in an average of 79 days. The average sale-to-list ratio is 97.8%.

Question 27

How does this price compare to the Utah state average?

Accepted Answer

At $955,000, this property is above the Utah state median of $510,000 by $445,000. Holladay prices are 61% 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 28

What is the Propaired intelligence score for 2240 LANEY, Holladay?

Accepted Answer

This property has a Propaired intelligence score of 58/100, combining deal value (33), recreation access (81), amenity proximity (98), broadband quality (100), and lifestyle features (4 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 29

What heating and cooling systems does 2240 LANEY, Holladay 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 30

What type of roof does 2240 LANEY, Holladay have?

Accepted Answer

The roof material is Flat. Ask the listing agent about the roof's age and any recent repairs. With a 6-year-old home, reviewing recent roof inspections is recommended.

Question 31

Does 2240 LANEY, Holladay 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 32

What is 2240 LANEY, Holladay constructed from?

Accepted Answer

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

Question 33

What type of flooring does 2240 LANEY, Holladay 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 34

What are the water and sewer connections for 2240 LANEY, Holladay?

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 35

What shopping and dining is near 2240 LANEY, Holladay?

Accepted Answer

The nearest restaurant is Sharon's Cafe (0.1 miles away) and the nearest grocery store is Harmons (0.2 miles). Coffee: 3 Cups (0.1 mi). Banking: Zions Bank (0.2 mi). Overall amenity proximity score: 98/100.

Question 36

What would homeowner's insurance cost for 2240 LANEY, Holladay?

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 $955,000, expect approximately $2,865-$4,775/year ($239-$398/month).   Get multiple quotes — rates vary significantly by insurer.

Question 37

What are the estimated closing costs for 2240 LANEY, Holladay?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $955,000, expect approximately $19,100-$47,750 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 38

How does the property tax compare to the list price at 2240 LANEY, Holladay?

Accepted Answer

The annual property tax of $4,254 represents an effective rate of 0.45% relative to the list price of $955,000. 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 39

What are the total estimated monthly costs for 2240 LANEY, Holladay?

Accepted Answer

Estimated total monthly housing cost: $5,959. This includes principal & interest ($4,809 at 6.46% with 20% down), property tax ($355/mo), HOA ($477/mo), and estimated insurance (~$318/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 40

Is 2240 LANEY, Holladay eligible for FHA or VA financing?

Accepted Answer

At $955,000, 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 41

What is the estimated cap rate for 2240 LANEY, Holladay?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 0.9%, based on estimated annual rent of $13,951 and a purchase price of $955,000. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 42

Is Holladay a good rental market?

Accepted Answer

Estimated monthly rent in Holladay is approximately $1,664. Homes in Holladay sell in an average of 79 days, indicating moderate demand in this market. There are 75 active listings currently. Gross rental yield in this area: 1.5%. Utah's steady population growth continues to drive rental demand.

Question 43

Could 2240 LANEY, Holladay be a 1031 exchange property?

Accepted Answer

Yes, 2240 LANEY, Holladay 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 44

How does 2240 LANEY, Holladay compare to recently sold homes nearby?

Accepted Answer

Based on 10 comparable properties, the median sold price in this area is $1,124,500. This listing is 15% below the comparable median. It ranks Below Similar among similar listings by value. The median for this property type specifically is $405,000. Comparable analysis is based on similar size, age, and location.

Question 45

Is the Holladay neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 3.7% over the past year. The current Zillow Home Value Index for this area is $804,862. This listing is priced at 119% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 46

What is the price trend in Holladay?

Accepted Answer

Holladay's median price has decreased 41.5% month-over-month. Current median: $820,000. Days on market have increased by 41.1% month-over-month. Homes are selling at 97.8% of list price on average. Monitor these trends to time your offer strategically.

Question 47

Is 2240 LANEY, Holladay overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Great Deal (vs Similar)." At 15% below comparable homes, this property appears competitively priced. Deal score: 33/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 48

What school district is 2240 LANEY, Holladay in?

Accepted Answer

This property is in the Granite school district. Assigned elementary: Holladay. Assigned middle: Olympus. Assigned high: Olympus. School district boundaries can affect property values by 5-15%. Contact the district directly to confirm current enrollment boundaries, as they may change.

Question 49

How do nearby schools rank statewide?

Accepted Answer

Of the 7 nearby schools with state rankings, the highest-ranked is Rosecrest School at #151 statewide (59% performance score). Other ranked nearby schools include Oakridge School (#154) and William Penn School (#191). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 50

What parks are near 2240 LANEY, Holladay?

Accepted Answer

The nearest local park is Holladay Park (0.2 miles away). The nearest state park is This Is The Place Heritage Park (5.9 miles).  Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 51

Is there a golf course near 2240 LANEY, Holladay?

Accepted Answer

The nearest golf course is Cottonwood Country Club, 1.3 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 52

What water activities are near 2240 LANEY, Holladay?

Accepted Answer

Water recreation near this property includes: Jordanelle Reservoir (21.9 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 53

Is 2240 LANEY, Holladay move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 54

Does 2240 LANEY, Holladay 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 55

What is the lot like at 2240 LANEY, Holladay?

Accepted Answer

The lot is 0.01 acres. Lot features: View: Mountain. Terrain: View: Mountain. Views: Mountain(s).  Lot characteristics affect usability, privacy, and future improvement potential.

Question 56

What utilities are available at 2240 LANEY, Holladay?

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 57

Does 2240 LANEY, Holladay 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 58

Is there EV charging near 2240 LANEY, Holladay?

Accepted Answer

The nearest EV charging station is EV Charger, approximately 0.2 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. Convenient public charging is available nearby for supplemental needs.

2240 LANEY, Holladay, UT 84117

2240 E LANEY AVE #302, Holladay, UT 84117

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