Question 1

What is the asking price for 1997 575, Lehi?

Accepted Answer

1997 575, Lehi is listed at $520,000 ($311/sqft). The original list price was $530,000, representing a reduction of $10,000. Current status: Pending.

Question 2

How many bedrooms and bathrooms does 1997 575, Lehi have?

Accepted Answer

This Residential features 3 bedrooms, 3 bathrooms, 1,674 square feet of living space. It is a 2-story home. The lot is 0.14 acres.

Question 3

When was 1997 575, Lehi built?

Accepted Answer

This property was built in 2004, making it 22 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 1997 575, Lehi?

Accepted Answer

1997 575, Lehi is a Residential (Single Family Residence). The architectural style is Stories: 2. It is located in the NORTH LAKE PRD subdivision. Zoning: Single-Family.

Question 5

Does 1997 575, Lehi have a garage or parking?

Accepted Answer

Yes, this property includes a 2-car garage and 3 open parking spaces. Total parking capacity: 5 vehicles.

Question 6

Is there an HOA for 1997 575, 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 7

What are the property taxes for 1997 575, Lehi?

Accepted Answer

Annual property taxes for this property are approximately $2,124 (about $177/month). This represents an effective tax rate of approximately 0.41% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 1997 575, Lehi?

Accepted Answer

Interior features include: Bath: Primary, Bath: Sep. Tub/Shower, Closet: Walk-In, Disposal, Kitchen: Updated. Exterior features include: Porch: Open, Patio: Open.

Question 9

Is 1997 575, Lehi a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Great Deal (vs Market)" with a deal score of 33/100. Key deal signals: Priced 28% below market median (per-type).  This analysis considers price relative to comparables, days on market, price reductions, and market conditions.

Question 10

Has the price been reduced on 1997 575, Lehi?

Accepted Answer

Yes, the price has been reduced by 1.9% from the original list price of $530,000 to the current price of $520,000 — a reduction of $10,000. Price reductions can indicate seller motivation or market adjustment.

Question 11

What would the monthly mortgage payment be for 1997 575, Lehi?

Accepted Answer

At the current 30-year mortgage rate of 6.38% with 20% down, the estimated monthly principal and interest payment is $2,597. Including estimated taxes, the total monthly cost is approximately $2,774. A 15-year mortgage at 5.75% would be $3,455/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 12

How long has 1997 575, Lehi been on the market?

Accepted Answer

This property has been listed for 26 days. The average days on market in Lehi is 68 days, meaning this listing is moving faster than the local average.

Question 13

Is 1997 575, Lehi a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $16,429 with a gross rental yield of 3.2%. Net rental yield (after estimated expenses): 2.0%.  Estimated debt service coverage ratio (DSCR): 0.40. Investor score: 42/100. These are estimates based on area comparables.

Question 14

What is the estimated rental income for 1997 575, Lehi?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $1,369 ($16,428/year). The gross rent multiplier is 31.7x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 15

What schools serve 1997 575, Lehi?

Accepted Answer

Assigned schools: Elementary: Dry Creek; Middle: Willowcreek; High: Lehi.   School district: Alpine.

Question 16

How does this listing compare to the Lehi market?

Accepted Answer

1997 575, Lehi is listed at $520,000, which is below the Lehi median of $570,000 by $50,000. 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 17

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 18

How does this price compare to the Utah state average?

Accepted Answer

At $520,000, this property is above the Utah state median of $510,000 by $10,000. 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 19

What is the Propaired intelligence score for 1997 575, Lehi?

Accepted Answer

This property has a Propaired intelligence score of 12/100, combining deal value (33), recreation access (N/A), 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 20

What heating and cooling systems does 1997 575, Lehi have?

Accepted Answer

Heating: Electric. 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 21

What type of roof does 1997 575, Lehi have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 22-year-old home, reviewing recent roof inspections is recommended.

Question 22

Does 1997 575, Lehi 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 23

What is 1997 575, Lehi constructed from?

Accepted Answer

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

Question 24

What type of flooring does 1997 575, 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 25

What are the water and sewer connections for 1997 575, 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 26

What is the commute like from 1997 575, Lehi?

Accepted Answer

1997 575, 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 27

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 28

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 29

What would homeowner's insurance cost for 1997 575, 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 $520,000, expect approximately $1,560-$2,600/year ($130-$217/month).   Get multiple quotes — rates vary significantly by insurer.

Question 30

What are the estimated closing costs for 1997 575, Lehi?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $520,000, expect approximately $10,400-$26,000 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 31

How does the property tax compare to the list price at 1997 575, Lehi?

Accepted Answer

The annual property tax of $2,124 represents an effective rate of 0.41% relative to the list price of $520,000. 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 32

What are the total estimated monthly costs for 1997 575, Lehi?

Accepted Answer

Estimated total monthly housing cost: $2,947. This includes principal & interest ($2,597 at 6.38% with 20% down), property tax ($177/mo), and estimated insurance (~$173/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 33

Is 1997 575, Lehi eligible for FHA or VA financing?

Accepted Answer

At $520,000, 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 34

What is the estimated cap rate for 1997 575, Lehi?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 2.0%, based on estimated annual rent of $16,429 and a purchase price of $520,000. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 35

Is Lehi a good rental market?

Accepted Answer

Estimated monthly rent in Lehi is approximately $2,178. Homes in Lehi sell in an average of 68 days, indicating moderate demand in this market. There are 240 active listings currently. Gross rental yield in this area: 3.2%. Utah's steady population growth continues to drive rental demand.

Question 36

Could 1997 575, Lehi be a 1031 exchange property?

Accepted Answer

Yes, 1997 575, 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 37

Is the Lehi neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 2.1% over the past year. The current Zillow Home Value Index for this area is $560,702. This listing is priced at 93% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 38

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 39

What school district is 1997 575, Lehi in?

Accepted Answer

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

Question 40

Is 1997 575, Lehi move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 41

What updates might 1997 575, Lehi need?

Accepted Answer

At 22 years old, common updates to consider include: HVAC system update. Current roof: Asphalt. Current heating: Electric. 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 42

Does 1997 575, 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 43

What is the lot like at 1997 575, Lehi?

Accepted Answer

The lot is 0.14 acres. Lot features: Curb & Gutter,Fenced: Part,Sprinkler: Auto-Full. Terrain: Curb & Gutter, Fenced: Part, Sprinkler: Auto-Full.   Lot characteristics affect usability, privacy, and future improvement potential.

Question 44

What utilities are available at 1997 575, 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.

1997 575, Lehi, UT 84043

1997 S 575 W, Lehi, UT 84043

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