Question 1

What is the asking price for 7145 RIDGE, Lake Point?

Accepted Answer

7145 RIDGE, Lake Point is listed at $780,000 ($202/sqft).  This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 7145 RIDGE, Lake Point have?

Accepted Answer

This Residential features 5 bedrooms, 3 bathrooms, 3,862 square feet of living space. It is a 2-story home. The lot is 1 acres.

Question 3

When was 7145 RIDGE, Lake Point 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 4

What type of property is 7145 RIDGE, Lake Point?

Accepted Answer

7145 RIDGE, Lake Point is a Residential (Single Family Residence). The architectural style is Rambler/Ranch. It is located in the LAKE POINT EST subdivision. Zoning: Single-Family.

Question 5

Does 7145 RIDGE, Lake Point have a garage or parking?

Accepted Answer

Yes, this property includes a 3-car garage. Total parking capacity: 3 vehicles. The property also accommodates RV parking.

Question 6

Is there an HOA for 7145 RIDGE, Lake Point?

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 7145 RIDGE, Lake Point?

Accepted Answer

Annual property taxes for this property are approximately $3,985 (about $332/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 7145 RIDGE, Lake Point?

Accepted Answer

Interior features include: Closet: Walk-In, Den/Office, Disposal, Gas Log, Great Room. Exterior features include: Horse Property, Patio: Open. The home has 1 fireplace.   View: Lake,Mountain(s).

Question 9

Is 7145 RIDGE, Lake Point a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 70/100. Key deal signals: 7.9% year-over-year market appreciation. The price is 21% 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 Lake Point?

Accepted Answer

The median price for similar properties in the area is $647,500 (based on 8 homes). At $780,000, this listing is 21% above the median for comparable homes. It ranks #Premium among similar listings by value.

Question 11

What would the monthly mortgage payment be for 7145 RIDGE, Lake Point?

Accepted Answer

At the current 30-year mortgage rate of 6.66% with 20% down, the estimated monthly principal and interest payment is $4,010. Including estimated taxes, the total monthly cost is approximately $4,342. A 15-year mortgage at 6.04% would be $5,279/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 12

How long has 7145 RIDGE, Lake Point been on the market?

Accepted Answer

This property has been listed for 36 days. The average days on market in Lake Point is 163 days, meaning this listing is moving faster than the local average.

Question 13

Is 7145 RIDGE, Lake Point a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $57,635 with a gross rental yield of 7.4%. Net rental yield (after estimated expenses): 4.8%.  Estimated debt service coverage ratio (DSCR): 1.05. Investor score: 54/100. These are estimates based on area comparables.

Question 14

What is the estimated rental income for 7145 RIDGE, Lake Point?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $4,803 ($57,636/year). The gross rent multiplier is 13.5x (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 7145 RIDGE, Lake Point offer?

Accepted Answer

Propaired's AI has identified 6 lifestyle features for this property: Equestrian, OHV/ATV Trails, RV-Friendly, Scenic Views, Sport Court, Hot Tub/Spa. The primary lifestyle niche is "equestrian." These tags are derived from MLS data, property features, and location analysis.

Question 16

Is 7145 RIDGE, Lake Point suitable for horses?

Accepted Answer

Yes, this property is tagged as equestrian-friendly. The MLS listing confirms horse keeping is permitted. The 1-acre lot provides space for pasture and facilities. Check with the local municipality for any animal keeping permits required.

Question 17

What schools serve 7145 RIDGE, Lake Point?

Accepted Answer

Assigned schools: Elementary: Old Mill; High: Stansbury.   School district: Tooele.

Question 18

What high school is near 7145 RIDGE, Lake Point?

Accepted Answer

The nearest high school is Stansbury. View the full school profile on Propaired for test scores, enrollment, and student-to-teacher ratios.

Question 19

What elementary school is near 7145 RIDGE, Lake Point?

Accepted Answer

The nearest elementary school is Old Mill. Propaired provides full school ratings and comparison data for all schools in this area.

Question 20

What is the internet speed at 7145 RIDGE, Lake Point?

Accepted Answer

This property has a broadband score of 100/100 (Excellent). Best available speed: 2000 Mbps download / 2000 Mbps upload. Fiber internet is available at this address. Available providers: 9Stone (500 Mbps, Fixed Wireless); Beehive Broadband (1000 Mbps, Fiber); Beehive Broadband (100 Mbps, Fixed Wireless). Total providers: 11.

Question 21

Is 7145 RIDGE, Lake Point in a flood zone?

Accepted Answer

This property is classified as unknown. FEMA flood zone: D. Flood insurance is not typically required but may be recommended.  Always verify current FEMA maps as they are periodically updated.

Question 22

How does this listing compare to the Lake Point market?

Accepted Answer

7145 RIDGE, Lake Point is listed at $780,000, which is above the Lake Point median of $659,990 by $120,010. There are currently 28 active listings in Lake Point. Homes in Lake Point sell in an average of 163 days. The average sale-to-list ratio is 98.9%.

Question 23

What is the Lake Point real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Lake Point is $659,990. There are currently 28 active listings. Homes sell in an average of 163 days. The average sale-to-list ratio is 98.9%. This listing at $780,000 is above the Lake Point 2026 median.

Question 24

Are there other homes for sale in Lake Point?

Accepted Answer

Yes — there are currently 28 active listings in Lake Point. Browse all Lake Point homes for sale at propaired.ai/listings/ut/lake-point. Prices range around a median of $659,990. Homes in Lake Point are selling in about 163 days on average.

Question 25

How does this price compare to the Utah state average?

Accepted Answer

At $780,000, this property is above the Utah state median of $525,000 by $255,000. Lake Point prices are 26% 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 7145 RIDGE, Lake Point?

Accepted Answer

This property has a Propaired intelligence score of 45/100, combining deal value (70), recreation access (N/A), amenity proximity (N/A), broadband quality (100), and lifestyle features (6 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 27

What heating and cooling systems does 7145 RIDGE, Lake Point 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 28

What type of roof does 7145 RIDGE, Lake Point have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 17-year-old home, reviewing recent roof inspections is recommended.

Question 29

Does 7145 RIDGE, Lake Point have a basement?

Accepted Answer

Yes, the basement is described as: Full. 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 7145 RIDGE, Lake Point constructed from?

Accepted Answer

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

Question 31

What type of flooring does 7145 RIDGE, Lake Point 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 32

What are the water and sewer connections for 7145 RIDGE, Lake Point?

Accepted Answer

Water source: Culinary,Private. 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 would homeowner's insurance cost for 7145 RIDGE, Lake Point?

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 $780,000, expect approximately $2,340-$3,900/year ($195-$325/month).   Get multiple quotes — rates vary significantly by insurer.

Question 34

What are the estimated closing costs for 7145 RIDGE, Lake Point?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $780,000, expect approximately $15,600-$39,000 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 35

How does the property tax compare to the list price at 7145 RIDGE, Lake Point?

Accepted Answer

The annual property tax of $3,985 represents an effective rate of 0.51% relative to the list price of $780,000. 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 36

What are the total estimated monthly costs for 7145 RIDGE, Lake Point?

Accepted Answer

Estimated total monthly housing cost: $4,602. This includes principal & interest ($4,010 at 6.66% with 20% down), property tax ($332/mo), and estimated insurance (~$260/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 37

Is 7145 RIDGE, Lake Point eligible for FHA or VA financing?

Accepted Answer

At $780,000, 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 38

What is the estimated cap rate for 7145 RIDGE, Lake Point?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 4.8%, based on estimated annual rent of $57,635 and a purchase price of $780,000. A cap rate of 4-6% is typical for residential properties in growing Utah markets.

Question 39

Is Lake Point a good rental market?

Accepted Answer

Estimated monthly rent in Lake Point is approximately $4,403. Homes in Lake Point sell in an average of 163 days, indicating moderate demand in this market. There are 28 active listings currently. Gross rental yield in this area: 7.4%. Utah's steady population growth continues to drive rental demand.

Question 40

Could 7145 RIDGE, Lake Point be a 1031 exchange property?

Accepted Answer

Yes, 7145 RIDGE, Lake Point 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 41

How does 7145 RIDGE, Lake Point compare to recently sold homes nearby?

Accepted Answer

Based on 8 comparable properties, the median sold price in this area is $647,500. This listing is 21% above the comparable median. It ranks Premium among similar listings by value. The median for this property type specifically is $648,490. Comparable analysis is based on similar size, age, and location.

Question 42

Is the Lake Point neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 7.9% over the past year. The current Zillow Home Value Index for this area is $449,969. This listing is priced at 173% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 43

What is the price trend in Lake Point?

Accepted Answer

Lake Point's median price has increased 7.6% month-over-month. Current median: $659,990. Days on market have decreased by 22.3% month-over-month. Homes are selling at 98.9% of list price on average. Monitor these trends to time your offer strategically.

Question 44

Is 7145 RIDGE, Lake Point overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Standard." At 21% above comparable homes, the asking price is above the local median. Verify that premium features justify the price difference. Deal score: 70/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 45

What school district is 7145 RIDGE, Lake Point in?

Accepted Answer

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

Question 46

Is 7145 RIDGE, Lake Point move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 47

Does 7145 RIDGE, Lake Point 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 48

What is the lot like at 7145 RIDGE, Lake Point?

Accepted Answer

The lot is 1 acres. Lot features: Fenced: Full,Road: Paved,Sprinkler: Auto-Full,Terrain: Grad Slope,View: Lake,View: Mountain,Drip Irrigation: Auto-Part. Terrain: Fenced: Full, Road: Paved, Sprinkler: Auto-Full, Terrain: Grad Slope, View: Lake, View: Mountain, Drip Irrigation: Auto-Part. Views: Lake,Mountain(s).  Lot characteristics affect usability, privacy, and future improvement potential.

Question 49

What utilities are available at 7145 RIDGE, Lake Point?

Accepted Answer

Available utilities include: Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected. Water source: Culinary,Private. 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 50

Does 7145 RIDGE, Lake Point 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 51

Can I park an RV or boat at 7145 RIDGE, Lake Point?

Accepted Answer

Yes, this property is tagged as RV-friendly, accommodating RV, boat, or trailer parking. The 1-acre lot provides ample space. In addition to the 3-car garage, there is space for large vehicle storage. RV parking capability is a sought-after feature in Utah given the state's proximity to national parks, lakes, and outdoor recreation. Verify any HOA restrictions on RV/boat parking if applicable.

7145 RIDGE, Lake Point, UT 84074

7145 N RIDGE RD, Lake Point, UT 84074

About This Property

Features & Amenities

Property Info

Financial

Structure & Systems

Parking

Property Intelligence

Lifestyle

Flood Zone

Deal Analysis

Investment Potential

Long-Term Rental

Short-Term Rental

Internet & Connectivity

All Property Details

Property Info

Bedrooms & Baths

Financial

Structure

Lot & Land

Parking

Amenities

Utilities

Schools

Timeline

Lake Point Market Context

Connect with a Buyer’s Agent

Similar Homes

$549,999

$539,900

$474,900

$979,999

$735,000

Find Your Dream Home

Frequently Asked Questions