Question 1

What is the asking price for 198 STATE, Lehi?

Accepted Answer

198 STATE, Lehi is listed at $1,000,000. The original list price was $950,000, representing a increase of $50,000. This listing is currently active and available for showings.

Question 2

When was 198 STATE, Lehi built?

Accepted Answer

This property was built in 1998, making it 28 years old. Homes from this era often feature solid construction. Buyers should review the condition of the roof, HVAC, and plumbing.

Question 3

What type of property is 198 STATE, Lehi?

Accepted Answer

198 STATE, Lehi is a Commercial Sale Commercial Lease (Retail).

Question 4

Is there an HOA for 198 STATE, Lehi?

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 5

What are the property taxes for 198 STATE, Lehi?

Accepted Answer

Annual property taxes for this property are approximately $3,696 (about $308/month). This represents an effective tax rate of approximately 0.37% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 6

How long has 198 STATE, Lehi been on the market?

Accepted Answer

This property has been listed for 238 days. The average days on market in Lehi is 53 days, meaning this listing is taking longer than the local average. Extended time on market may present negotiation opportunities for buyers.

Question 7

How does this listing compare to the Lehi market?

Accepted Answer

198 STATE, Lehi is listed at $1,000,000, which is above the Lehi median of $589,900 by $410,100. There are currently 346 active listings in Lehi. Homes in Lehi sell in an average of 53 days. The average sale-to-list ratio is 99.4%.

Question 8

What is the Lehi real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Lehi is $589,900. There are currently 346 active listings. Homes sell in an average of 53 days. The average sale-to-list ratio is 99.4%. This listing at $1,000,000 is above the Lehi 2026 median.

Question 9

Are there other homes for sale in Lehi?

Accepted Answer

Yes — there are currently 346 active listings in Lehi. Browse all Lehi homes for sale at propaired.ai/listings/ut/lehi. Prices range around a median of $589,900. Homes in Lehi are selling in about 53 days on average.

Question 10

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 11

How does this price compare to the Utah state average?

Accepted Answer

At $1,000,000, this property is above the Utah state median of $525,000 by $475,000. 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 12

What is the commute like from 198 STATE, Lehi?

Accepted Answer

198 STATE, 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 13

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 14

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 15

What would homeowner's insurance cost for 198 STATE, 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 $1,000,000, expect approximately $3,000-$5,000/year ($250-$417/month).   Get multiple quotes — rates vary significantly by insurer.

Question 16

What are the estimated closing costs for 198 STATE, Lehi?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $1,000,000, expect approximately $20,000-$50,000 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 17

How does the property tax compare to the list price at 198 STATE, Lehi?

Accepted Answer

The annual property tax of $3,696 represents an effective rate of 0.37% relative to the list price of $1,000,000. 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 18

Is 198 STATE, Lehi eligible for FHA or VA financing?

Accepted Answer

At $1,000,000, 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 19

Could 198 STATE, Lehi be a 1031 exchange property?

Accepted Answer

Yes, 198 STATE, 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 20

What is the price trend in Lehi?

Accepted Answer

Lehi's median price has decreased 0.9% month-over-month. Current median: $589,900. Days on market have increased by 4.6% month-over-month. Homes are selling at 99.4% of list price on average. Monitor these trends to time your offer strategically.

Question 21

Is 198 STATE, Lehi move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 22

What updates might 198 STATE, Lehi need?

Accepted Answer

At 28 years old, common updates to consider include: roof replacement (if original), HVAC system update, water heater replacement.   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 23

Does 198 STATE, 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 24

What is the lot like at 198 STATE, Lehi?

Accepted Answer

The lot is 0.21 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

198 STATE, Lehi, UT 84043

198 E STATE ST, Lehi, UT 84043

About This Property

Property Info

Financial

Parking

All Property Details

Property Info

Financial

Lot & Land

Parking

Amenities

Timeline

Media

Lehi Market Context

Crime & Safety

Lehi compared to:

vs National Average (FBI UCR 2024)

Connect with a Buyer’s Agent

Find Your Dream Home

Frequently Asked Questions

Discover