Question 1

What is the asking price for 5575 MERLYN, Holladay?

Accepted Answer

5575 MERLYN, Holladay is listed at $2,650,000 ($589/sqft).  This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 5575 MERLYN, Holladay have?

Accepted Answer

This Residential features 5 bedrooms, 5 bathrooms, 4,496 square feet of living space. It is a 1-story home. The lot is 0.96 acres.

Question 3

When was 5575 MERLYN, Holladay built?

Accepted Answer

This property was built in 1954, making it 72 years old. This established home has character and may feature unique architectural details. A thorough inspection is recommended to assess systems and structure.

Question 4

What type of property is 5575 MERLYN, Holladay?

Accepted Answer

5575 MERLYN, Holladay is a Residential (Single Family Residence). The architectural style is Rambler/Ranch. It is located in the COTTONWOOD CLUB subdivision. Zoning: Single-Family.

Question 5

Does 5575 MERLYN, Holladay have a garage or parking?

Accepted Answer

Yes, this property includes a 2-car garage and 15 open parking spaces. Total parking capacity: 17 vehicles.

Question 6

Is there an HOA for 5575 MERLYN, Holladay?

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 5575 MERLYN, Holladay?

Accepted Answer

Annual property taxes for this property are approximately $12,470 (about $1,039/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 5575 MERLYN, Holladay?

Accepted Answer

Interior features include: Bar: Dry, Bath: Primary, Bath: Sep. Tub/Shower, Closet: Walk-In, Den/Office. Exterior features include: Double Pane Windows, Entry (Foyer), Lighting, Porch: Open, Skylights. The home has 2 fireplaces.   View: Mountain(s).

Question 9

Is 5575 MERLYN, Holladay a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 4/100. Key deal signals: 3.7% year-over-year market appreciation. The price is 40% above 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 $1,899,950 (based on 10 homes). At $2,650,000, this listing is 40% above the median for comparable homes. It ranks #Premium among similar listings by value.

Question 11

What would the monthly mortgage payment be for 5575 MERLYN, Holladay?

Accepted Answer

At the current 30-year mortgage rate of 6.46% with 20% down, the estimated monthly principal and interest payment is $13,344. Including estimated taxes, the total monthly cost is approximately $14,383. A 15-year mortgage at 5.77% would be $17,627/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 12

How long has 5575 MERLYN, Holladay been on the market?

Accepted Answer

This property has been listed for 19 days. The average days on market in Holladay is 79 days, meaning this listing is moving faster than the local average.

Question 13

Is 5575 MERLYN, Holladay a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $44,803 with a gross rental yield of 1.7%. Net rental yield (after estimated expenses): 1.1%.  Estimated debt service coverage ratio (DSCR): 0.21. Investor score: 20/100. These are estimates based on area comparables.

Question 14

What is the estimated rental income for 5575 MERLYN, Holladay?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $3,734 ($44,808/year). The gross rent multiplier is 59.1x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 15

What lifestyle features does 5575 MERLYN, Holladay offer?

Accepted Answer

Propaired's AI has identified 7 lifestyle features for this property: ADU/Multigenerational, Golf Community, Luxury Estate, Scenic Views, Hot Tub/Spa, Privacy/Seclusion, Historic/Character. The primary lifestyle niche is "luxury_estate." These tags are derived from MLS data, property features, and location analysis.

Question 16

What makes 5575 MERLYN, Holladay a luxury property?

Accepted Answer

This property is classified as a luxury estate based on its price point, features, and location. At 4,496 sqft on 0.96 acres, it offers premium living.  The property features scenic views.  Luxury properties in Utah benefit from no state estate tax and relatively low property tax rates.

Question 17

What recreation is near 5575 MERLYN, Holladay?

Accepted Answer

This property has a recreation score of 73/100. Nearby recreation includes: Mount Olympus trailhead (1.6 mi); Creekside Park park (1.1 mi); Cottonwood Country Club (0.2 mi); This Is The Place Heritage Park (7.1 mi). Skiing: Snowbird Ski and Summer Resort (10.6 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 18

Are there hiking trails near 5575 MERLYN, Holladay?

Accepted Answer

Yes, the nearest trailhead is Mount Olympus, just 1.6 miles from the property. This Is The Place Heritage Park is 7.1 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 19

What amenities and services are near 5575 MERLYN, Holladay?

Accepted Answer

This property has an amenity proximity score of 95/100. Nearby services include: Grocery: Chevron (0.8 mi); Hospital: Utah Youth Village (0.4 mi); Pharmacy: Medicine Center (1.0 mi); Dining: Cafe Madrid (0.3 mi). Gas station: 0.9 miles. Gym: Xcel Fitness (0.9 mi).

Question 20

How far is the nearest hospital from 5575 MERLYN, Holladay?

Accepted Answer

The nearest hospital is Utah Youth Village, approximately 0.4 miles from the property. The nearest fire station is 1.1 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 21

What schools serve 5575 MERLYN, Holladay?

Accepted Answer

Assigned schools: Elementary: Spring Lane; Middle: Bonneville; High: Cottonwood.   School district: Granite.

Question 22

What is the internet speed at 5575 MERLYN, 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 (25 Mbps, Fixed Wireless); Beehive Broadband (1000 Mbps, Fiber); CenturyLink (1000 Mbps, Fiber). Total providers: 13.

Question 23

Is 5575 MERLYN, 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 24

How does this listing compare to the Holladay market?

Accepted Answer

5575 MERLYN, Holladay is listed at $2,650,000, which is above the Holladay median of $820,000 by $1,830,000. 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 25

How does this price compare to the Utah state average?

Accepted Answer

At $2,650,000, this property is above the Utah state median of $510,000 by $2,140,000. 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 26

What is the Propaired intelligence score for 5575 MERLYN, Holladay?

Accepted Answer

This property has a Propaired intelligence score of 47/100, combining deal value (4), recreation access (73), amenity proximity (95), broadband quality (100), and lifestyle features (7 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 27

What heating and cooling systems does 5575 MERLYN, Holladay 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 28

What type of roof does 5575 MERLYN, Holladay have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 72-year-old home, reviewing recent roof inspections is recommended.

Question 29

Does 5575 MERLYN, 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 30

What is 5575 MERLYN, Holladay constructed from?

Accepted Answer

Construction materials include: Brick,Stone,Stucco. Brick construction is durable and low-maintenance, offering excellent insulation and fire resistance.

Question 31

What type of flooring does 5575 MERLYN, Holladay have?

Accepted Answer

Flooring types include: Carpet,Hardwood,Tile,Slate,Travertine. 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 32

What are the water and sewer connections for 5575 MERLYN, Holladay?

Accepted Answer

Water source: Culinary,Shares. Sewer: Sewer: Connected,Sewer: Public.  Municipal sewer service means no septic maintenance costs. Water is a critical consideration in Utah's arid climate.

Question 33

What shopping and dining is near 5575 MERLYN, Holladay?

Accepted Answer

The nearest restaurant is Cafe Madrid (0.3 miles away) and the nearest grocery store is Chevron (0.8 miles). Coffee: Rich's Bagels (0.9 mi). Banking: KeyBank (0.6 mi). Overall amenity proximity score: 95/100.

Question 34

What would homeowner's insurance cost for 5575 MERLYN, 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 $2,650,000, expect approximately $7,950-$13,250/year ($663-$1,104/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 35

What are the estimated closing costs for 5575 MERLYN, Holladay?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $2,650,000, expect approximately $53,000-$132,500 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 36

How does the property tax compare to the list price at 5575 MERLYN, Holladay?

Accepted Answer

The annual property tax of $12,470 represents an effective rate of 0.47% relative to the list price of $2,650,000. 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 37

What are the total estimated monthly costs for 5575 MERLYN, Holladay?

Accepted Answer

Estimated total monthly housing cost: $15,266. This includes principal & interest ($13,344 at 6.46% with 20% down), property tax ($1,039/mo), and estimated insurance (~$883/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 38

Is 5575 MERLYN, Holladay eligible for FHA or VA financing?

Accepted Answer

At $2,650,000, 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 39

What is the estimated cap rate for 5575 MERLYN, Holladay?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 1.1%, based on estimated annual rent of $44,803 and a purchase price of $2,650,000. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 40

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: 1.7%. Utah's steady population growth continues to drive rental demand.

Question 41

Could 5575 MERLYN, Holladay be a 1031 exchange property?

Accepted Answer

Yes, 5575 MERLYN, 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 42

How does 5575 MERLYN, Holladay compare to recently sold homes nearby?

Accepted Answer

Based on 10 comparable properties, the median sold price in this area is $1,899,950. This listing is 40% above the comparable median. It ranks Premium among similar listings by value. The median for this property type specifically is $1,725,050. Comparable analysis is based on similar size, age, and location.

Question 43

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 329% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 44

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 45

Is 5575 MERLYN, Holladay overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Standard." At 40% above comparable homes, the asking price is above the local median. Verify that premium features justify the price difference. Deal score: 4/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 46

What school district is 5575 MERLYN, Holladay in?

Accepted Answer

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

Question 47

What parks are near 5575 MERLYN, Holladay?

Accepted Answer

The nearest local park is Creekside Park (1.1 miles away). The nearest state park is This Is The Place Heritage Park (7.1 miles).  Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 48

Is there a golf course near 5575 MERLYN, Holladay?

Accepted Answer

The nearest golf course is Cottonwood Country Club, 0.2 miles from the property. This property is located within a golf community, which may include membership benefits and golf course views. Close proximity to a golf course is a desirable feature that can enhance property value.

Question 49

What water activities are near 5575 MERLYN, Holladay?

Accepted Answer

Water recreation near this property includes: Jordanelle Reservoir (22.2 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 50

Is 5575 MERLYN, Holladay move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 51

What updates might 5575 MERLYN, Holladay need?

Accepted Answer

At 72 years old, common updates to consider include: roof replacement (if original), HVAC system update, electrical panel upgrade, 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 52

Does 5575 MERLYN, 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 53

What is the lot like at 5575 MERLYN, Holladay?

Accepted Answer

The lot is 0.96 acres. Lot features: Cul-De-Sac,Fenced: Full,Secluded,Sprinkler: Auto-Full,View: Mountain,Wooded,Private. Terrain: Cul-de-Sac, Fenced: Full, Secluded Yard, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain, Wooded, Private. Views: Mountain(s).  Lot characteristics affect usability, privacy, and future improvement potential.

Question 54

What utilities are available at 5575 MERLYN, Holladay?

Accepted Answer

Available utilities include: Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected. Water source: Culinary,Shares. 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 55

Does 5575 MERLYN, Holladay 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 56

Is there EV charging near 5575 MERLYN, Holladay?

Accepted Answer

The nearest EV charging station is EV Charger, approximately 1.4 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. Convenient public charging is available nearby for supplemental needs.

Question 57

Is 5575 MERLYN, Holladay a historic or character home?

Accepted Answer

This property has been identified as a historic or character home, meaning it features distinctive architectural details, craftsmanship, or historical significance. Built in 1954, it represents mid-century design elements. Architectural style: Rambler/Ranch. Historic homes may qualify for preservation tax credits. Consider potential limitations on exterior modifications if in a historic district.

5575 MERLYN, Holladay, UT 84117

5575 S MERLYN CIR, Holladay, UT 84117

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