Question 1

What is the asking price for 5502 VALLEY VIEW, Lehi?

Accepted Answer

5502 VALLEY VIEW, Lehi is listed at $840,000 ($214/sqft). The original list price was $880,000, representing a reduction of $40,000. Current status: Canceled.

Question 2

How many bedrooms and bathrooms does 5502 VALLEY VIEW, Lehi have?

Accepted Answer

This Residential features 3 bedrooms, 3 bathrooms, 3,932 square feet of living space. It is a 2-story home. The lot is 0.19 acres.

Question 3

When was 5502 VALLEY VIEW, Lehi built?

Accepted Answer

This property was built in 2022, making it 4 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 5502 VALLEY VIEW, Lehi?

Accepted Answer

5502 VALLEY VIEW, Lehi is a Residential (Single Family Residence). The architectural style is Rambler/Ranch. It is located in the CANYON POINT subdivision. Zoning: Single-Family.

Question 5

Does 5502 VALLEY VIEW, Lehi 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 5502 VALLEY VIEW, Lehi?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $104 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

What are the property taxes for 5502 VALLEY VIEW, Lehi?

Accepted Answer

Annual property taxes for this property are approximately $3,545 (about $295/month). This represents an effective tax rate of approximately 0.42% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 5502 VALLEY VIEW, Lehi?

Accepted Answer

Interior features include: Bath: Primary, Bath: Sep. Tub/Shower, Closet: Walk-In, Den/Office, Disposal. Exterior features include: Deck; Covered, Double Pane Windows, Entry (Foyer), Patio: Covered.  Private pool included. Spa/hot tub included. View: Mountain(s),Valley.

Question 9

How long has 5502 VALLEY VIEW, Lehi been on the market?

Accepted Answer

This property has been listed for 130 days. The average days on market in Lehi is 68 days, meaning this listing is taking longer than the local average. Extended time on market may present negotiation opportunities for buyers.

Question 10

Does 5502 VALLEY VIEW, Lehi have a pool?

Accepted Answer

Yes, this property includes a private pool. A hot tub/spa is also included. Utah summers can reach 100°F+, making a pool a valuable amenity. Consider seasonal maintenance costs of approximately $2,000-$4,000/year for a Utah pool.

Question 11

What schools serve 5502 VALLEY VIEW, Lehi?

Accepted Answer

Assigned schools: Elementary: Traverse Mountain; Middle: Lehi; High: Skyridge. There are 3 schools within 3 miles of this property. The highest-rated nearby school is Skyridge High School with a 62% state performance score (2.6 miles away). School district: Alpine.

Question 12

How good are the schools near 5502 VALLEY VIEW, Lehi?

Accepted Answer

Of the 3 schools within 3 miles, 3 have state performance data with an average score of 61%.  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 13

How does this listing compare to the Lehi market?

Accepted Answer

5502 VALLEY VIEW, Lehi is listed at $840,000, which is above the Lehi median of $570,000 by $270,000. There are currently 240 active listings in Lehi. Homes in Lehi sell in an average of 68 days. The average sale-to-list ratio is 98.7%.

Question 14

What is the Lehi neighborhood like?

Accepted Answer

High-growth tech hub south of Salt Lake. Home to major tech companies, new neighborhoods, excellent schools, family-oriented. Rapid development and job opportunities. Lehi is known for: tech-hub, growing, excellent-schools, family-friendly. Population: approximately 68,000. Explore the full Lehi market data and community guide on Propaired.

Question 15

How does this price compare to the Utah state average?

Accepted Answer

At $840,000, this property is above the Utah state median of $510,000 by $330,000. Lehi prices are 12% 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 16

What heating and cooling systems does 5502 VALLEY VIEW, Lehi 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 17

What type of roof does 5502 VALLEY VIEW, Lehi have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 4-year-old home, reviewing recent roof inspections is recommended.

Question 18

Does 5502 VALLEY VIEW, Lehi 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 19

What is 5502 VALLEY VIEW, Lehi constructed from?

Accepted Answer

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

Question 20

What type of flooring does 5502 VALLEY VIEW, Lehi 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 21

What are the water and sewer connections for 5502 VALLEY VIEW, Lehi?

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 22

What is the commute like from 5502 VALLEY VIEW, Lehi?

Accepted Answer

5502 VALLEY VIEW, Lehi is located in Lehi, in the Wasatch Front region of Utah. With a population of approximately 68,000, Lehi offers a residential setting. Commute times vary by destination — most Wasatch Front cities are within 30-60 minutes of downtown Salt Lake City via I-15. Consider rush-hour traffic patterns when evaluating this location.

Question 23

What is the Lehi community like?

Accepted Answer

Lehi is known for: tech-hub, growing, excellent-schools, family-friendly, new-development. The city has approximately 68,000 residents. The median home price in Lehi is $520,000. Explore the full Lehi community profile on Propaired for detailed neighborhood insights.

Question 24

Is Lehi a safe and family-friendly area?

Accepted Answer

Lehi is characterized as: family-friendly. With a population of about 68,000, Lehi offers a family-oriented environment. For detailed crime statistics and neighborhood safety data, consult local law enforcement resources and community reports.

Question 25

What would homeowner's insurance cost for 5502 VALLEY VIEW, Lehi?

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 $840,000, expect approximately $2,520-$4,200/year ($210-$350/month).   Get multiple quotes — rates vary significantly by insurer.

Question 26

What are the estimated closing costs for 5502 VALLEY VIEW, Lehi?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $840,000, expect approximately $16,800-$42,000 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 27

How does the property tax compare to the list price at 5502 VALLEY VIEW, Lehi?

Accepted Answer

The annual property tax of $3,545 represents an effective rate of 0.42% relative to the list price of $840,000. 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 28

Is 5502 VALLEY VIEW, Lehi eligible for FHA or VA financing?

Accepted Answer

At $840,000, 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 29

Could 5502 VALLEY VIEW, Lehi be a 1031 exchange property?

Accepted Answer

Yes, 5502 VALLEY VIEW, Lehi 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 30

What is the price trend in Lehi?

Accepted Answer

Lehi's median price has increased 7.1% month-over-month. Current median: $570,000. Days on market have decreased by 34.0% month-over-month. Homes are selling at 98.7% of list price on average. Monitor these trends to time your offer strategically.

Question 31

What school district is 5502 VALLEY VIEW, Lehi in?

Accepted Answer

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

Question 32

How do nearby schools rank statewide?

Accepted Answer

Of the 3 nearby schools with state rankings, the highest-ranked is Oak Hollow School at #204 statewide (59% performance score). Other ranked nearby schools include Fox Hollow School (#262) and Skyridge High School (#325). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 33

Is 5502 VALLEY VIEW, Lehi move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 34

Does 5502 VALLEY VIEW, Lehi 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 35

What is the lot like at 5502 VALLEY VIEW, Lehi?

Accepted Answer

The lot is 0.19 acres. Lot features: Road: Paved,Sidewalks,Sprinkler: Auto-Full,Terrain: Grad Slope,View: Mountain,View: Valley,Drip Irrigation: Auto-Part. Terrain: Road: Paved, Sidewalks, Sprinkler: Auto-Full, Terrain: Grad Slope, View: Mountain, View: Valley, Drip Irrigation: Auto-Part. Views: Mountain(s),Valley.  Lot characteristics affect usability, privacy, and future improvement potential.

Question 36

What utilities are available at 5502 VALLEY VIEW, Lehi?

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 37

Does 5502 VALLEY VIEW, Lehi 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.

5502 VALLEY VIEW, Lehi, UT 84043

5502 N VALLEY VIEW RD, Lehi, UT 84043

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