Question 1

What is the asking price for 2240 LANEY, Holladay?

Accepted Answer

2240 LANEY, Holladay is listed at $700,000 ($475/sqft). The original list price was $724,900, representing a reduction of $24,900. Current status: Pending.

Question 2

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

Accepted Answer

This Residential features 2 bedrooms, 2 bathrooms, 1,474 square feet of living space. It is a 1-story home. The lot is 0.1 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; Main Level. It is located in the STATION 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. Total parking capacity: 2 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 $475 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 $3,600 (about $300/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 2240 LANEY, Holladay?

Accepted Answer

Interior features include: Bath: Primary, Closet: Walk-In, Disposal, Gas Log, Oven: Gas. Exterior features include: Double Pane Windows, Entry (Foyer), Lighting, Patio: Covered, Secured Building. The home has 1 fireplace.

Question 9

Is 2240 LANEY, Holladay a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 8/100. Key deal signals: 3.6% year-over-year market appreciation; 3% price reduction from original list; 66 days on market — potential negotiation opportunity.  This analysis considers price relative to comparables, days on market, price reductions, and market conditions.

Question 10

Has the price been reduced on 2240 LANEY, Holladay?

Accepted Answer

Yes, the price has been reduced by 3.4% from the original list price of $724,900 to the current price of $700,000 — a reduction of $24,900. Price reductions can indicate seller motivation or market adjustment.

Question 11

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

Accepted Answer

At the current 30-year mortgage rate of 6.11% with 20% down, the estimated monthly principal and interest payment is $3,397. Including estimated taxes and HOA fees, the total monthly cost is approximately $4,172. A 15-year mortgage at 5.50% would be $4,576/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 12

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

Accepted Answer

This property has been listed for 67 days. The average days on market in Holladay is 79 days, meaning this listing is moving faster than the local average. Extended time on market may present negotiation opportunities for buyers.

Question 13

Is 2240 LANEY, Holladay a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $14,685 with a gross rental yield of 2.1%. Net rental yield (after estimated expenses): 1.4%.  Estimated debt service coverage ratio (DSCR): 0.27. Investor score: 21/100. These are estimates based on area comparables.

Question 14

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

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $1,224 ($14,688/year). The gross rent multiplier is 47.7x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 15

Is 2240 LANEY, Holladay near skiing?

Accepted Answer

This property is within reach of skiing. Snowbird Ski and Summer Resort is 10.9 miles away. Utah's world-class resorts offer 500+ inches of annual snowfall and "The Greatest Snow on Earth."

Question 16

What recreation is near 2240 LANEY, Holladay?

Accepted Answer

This property has a recreation score of 80/100. Nearby recreation includes: Mount Olympus trailhead (1.6 mi); City Hall Park park (0.2 mi); Cottonwood Country Club (1.4 mi); This Is The Place Heritage Park (5.8 mi); Capitol Reef NP — Cathedral Valley (158.5 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 17

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 5.8 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 18

What schools serve 2240 LANEY, Holladay?

Accepted Answer

Assigned schools: Elementary: Holladay; Middle: Olympus; High: Olympus.   School district: Granite.

Question 19

How does this listing compare to the Holladay market?

Accepted Answer

2240 LANEY, Holladay is listed at $700,000, which is below the Holladay median of $820,000 by $120,000. 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 20

How does this price compare to the Utah state average?

Accepted Answer

At $700,000, this property is above the Utah state median of $510,000 by $190,000. 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 21

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

Accepted Answer

This property has a Propaired intelligence score of 19/100, combining deal value (8), recreation access (80), amenity proximity (N/A), broadband quality (N/A), and lifestyle features (0 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 22

What heating and cooling systems does 2240 LANEY, Holladay have?

Accepted Answer

Heating: Forced Air,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 23

What type of roof does 2240 LANEY, Holladay have?

Accepted Answer

The roof material is Flat,Membrane. 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 24

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 25

What is 2240 LANEY, Holladay constructed from?

Accepted Answer

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

Question 26

What type of flooring does 2240 LANEY, Holladay have?

Accepted Answer

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

Question 27

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

Accepted Answer

Water source: Culinary. Sewer: Sewer: Connected.   Water is a critical consideration in Utah's arid climate.

Question 28

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 $700,000, expect approximately $2,100-$3,500/year ($175-$292/month).   Get multiple quotes — rates vary significantly by insurer.

Question 29

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 $700,000, expect approximately $14,000-$35,000 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 30

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

Accepted Answer

The annual property tax of $3,600 represents an effective rate of 0.51% relative to the list price of $700,000. 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 31

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

Accepted Answer

Estimated total monthly housing cost: $4,405. This includes principal & interest ($3,397 at 6.11% with 20% down), property tax ($300/mo), HOA ($475/mo), and estimated insurance (~$233/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 32

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

Accepted Answer

At $700,000, 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 33

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

Accepted Answer

The estimated cap rate (net rental yield) for this property is 1.4%, based on estimated annual rent of $14,685 and a purchase price of $700,000. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 34

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: 2.1%. Utah's steady population growth continues to drive rental demand.

Question 35

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 36

Is the Holladay neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 3.6% over the past year. The current Zillow Home Value Index for this area is $804,862. This listing is priced at 87% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 37

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 38

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 39

What parks are near 2240 LANEY, Holladay?

Accepted Answer

The nearest local park is City Hall Park (0.2 miles away). The nearest state park is This Is The Place Heritage Park (5.8 miles). Nearest national park: Capitol Reef NP — Cathedral Valley (158.5 miles). Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 40

Is there a golf course near 2240 LANEY, Holladay?

Accepted Answer

The nearest golf course is Cottonwood Country Club, 1.4 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 41

What water activities are near 2240 LANEY, Holladay?

Accepted Answer

Water recreation near this property includes: Jordanelle Reservoir (21.8 mi); boat ramp at Great Salt Lake State Marina (20.6 mi); fishing at Provo River (27.5 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 42

Is 2240 LANEY, Holladay move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 43

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 44

What is the lot like at 2240 LANEY, Holladay?

Accepted Answer

The lot is 0.1 acres. Lot features: Curb & Gutter,Fenced: Part,Road: Paved,Sidewalks,Drip Irrigation: Auto-Full. Terrain: Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Terrain, Flat, Drip Irrigation: Auto-Full.   Lot characteristics affect usability, privacy, and future improvement potential.

Question 45

What utilities are available at 2240 LANEY, Holladay?

Accepted Answer

Available utilities include: Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected. Water source: Culinary. Sewer: Sewer: Connected. 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 46

Does 2240 LANEY, 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.

2240 LANEY, Holladay, UT 84117

2240 E LANEY AVE #102, Holladay, UT 84117

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