Question 1

What is the asking price for 551 1520, Lehi?

Accepted Answer

551 1520, Lehi is listed at $828,000 ($209/sqft).  Current status: Pending.

Question 2

How many bedrooms and bathrooms does 551 1520, Lehi have?

Accepted Answer

This Residential features 3 bedrooms, 3 bathrooms, 3,965 square feet of living space. It is a 3-story home. The lot is 0.26 acres.

Question 3

When was 551 1520, Lehi built?

Accepted Answer

This property was built in 2006, making it 20 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 551 1520, Lehi?

Accepted Answer

551 1520, Lehi is a Residential (Single Family Residence). The architectural style is Stories: 2. It is located in the HUNTERS GROVE subdivision.

Question 5

Does 551 1520, Lehi have a garage or parking?

Accepted Answer

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

Question 6

Is there an HOA for 551 1520, 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 551 1520, Lehi?

Accepted Answer

Annual property taxes for this property are approximately $3,598 (about $300/month). This represents an effective tax rate of approximately 0.43% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 551 1520, Lehi?

Accepted Answer

Interior features include: Bath: Primary, Bath: Sep. Tub/Shower, Closet: Walk-In, Den/Office, Disposal. Exterior features include: Bay Box Windows, Double Pane Windows, Entry (Foyer), Porch: Open, Sliding Glass Doors. The home has 1 fireplace.   View: Mountain(s).

Question 9

Is 551 1520, Lehi a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 13/100. Key deal signals: 4.5% gross rental yield.  This analysis considers price relative to comparables, days on market, price reductions, and market conditions.

Question 10

What would the monthly mortgage payment be for 551 1520, Lehi?

Accepted Answer

At the current 30-year mortgage rate of 6.11% with 20% down, the estimated monthly principal and interest payment is $4,018. Including estimated taxes, the total monthly cost is approximately $4,318. A 15-year mortgage at 5.50% would be $5,412/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 11

How long has 551 1520, Lehi been on the market?

Accepted Answer

This property has been listed for 6 days. The average days on market in Lehi is 68 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 12

Is 551 1520, Lehi a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $37,130 with a gross rental yield of 4.5%. Net rental yield (after estimated expenses): 2.9%.  Estimated debt service coverage ratio (DSCR): 0.58. Investor score: 29/100. These are estimates based on area comparables.

Question 13

What is the estimated rental income for 551 1520, Lehi?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $3,094 ($37,128/year). The gross rent multiplier is 22.3x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 14

Is 551 1520, Lehi near skiing?

Accepted Answer

This property is within reach of skiing. Sundance Resort is 12.4 miles away. Utah's world-class resorts offer 500+ inches of annual snowfall and "The Greatest Snow on Earth."

Question 15

What recreation is near 551 1520, Lehi?

Accepted Answer

This property has a recreation score of 63/100. Nearby recreation includes: Mitchell Hollow trailhead (1.9 mi); Coopers Hollow Park park (0.2 mi); Fox Hollow Golf Course (2.1 mi); Flight Park State Recreation Area (5.9 mi); Capitol Reef NP — Cathedral Valley (139.9 mi). Skiing: Sundance Resort (12.4 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 16

Are there hiking trails near 551 1520, Lehi?

Accepted Answer

Yes, the nearest trailhead is Mitchell Hollow, just 1.9 miles from the property. Flight Park State Recreation Area is 5.9 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 17

What schools serve 551 1520, Lehi?

Accepted Answer

Assigned schools: Elementary: Sego Lily; Middle: Lehi; High: Skyridge.   School district: Alpine.

Question 18

How does this listing compare to the Lehi market?

Accepted Answer

551 1520, Lehi is listed at $828,000, which is above the Lehi median of $570,000 by $258,000. 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 19

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 20

How does this price compare to the Utah state average?

Accepted Answer

At $828,000, this property is above the Utah state median of $510,000 by $318,000. 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 21

What is the Propaired intelligence score for 551 1520, Lehi?

Accepted Answer

This property has a Propaired intelligence score of 18/100, combining deal value (13), recreation access (63), 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 551 1520, Lehi 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 551 1520, Lehi have?

Accepted Answer

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

Question 24

Does 551 1520, 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 25

What is 551 1520, Lehi 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 551 1520, Lehi have?

Accepted Answer

Flooring types include: Carpet,Hardwood,Tile. Hardwood floors are a premium feature that adds lasting value and can be refinished multiple times. 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 551 1520, 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 28

What is the commute like from 551 1520, Lehi?

Accepted Answer

551 1520, 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 29

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 30

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 31

What would homeowner's insurance cost for 551 1520, 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 $828,000, expect approximately $2,484-$4,140/year ($207-$345/month).   Get multiple quotes — rates vary significantly by insurer.

Question 32

What are the estimated closing costs for 551 1520, Lehi?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $828,000, expect approximately $16,560-$41,400 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 33

How does the property tax compare to the list price at 551 1520, Lehi?

Accepted Answer

The annual property tax of $3,598 represents an effective rate of 0.43% relative to the list price of $828,000. 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 34

What are the total estimated monthly costs for 551 1520, Lehi?

Accepted Answer

Estimated total monthly housing cost: $4,594. This includes principal & interest ($4,018 at 6.11% with 20% down), property tax ($300/mo), and estimated insurance (~$276/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 35

Is 551 1520, Lehi eligible for FHA or VA financing?

Accepted Answer

At $828,000, 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 36

What is the estimated cap rate for 551 1520, Lehi?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 2.9%, based on estimated annual rent of $37,130 and a purchase price of $828,000. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 37

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: 4.5%. Utah's steady population growth continues to drive rental demand.

Question 38

Could 551 1520, Lehi be a 1031 exchange property?

Accepted Answer

Yes, 551 1520, 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 39

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 148% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 40

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 41

What school district is 551 1520, Lehi in?

Accepted Answer

This property is in the Alpine school district. Assigned elementary: Sego Lily. 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 42

What parks are near 551 1520, Lehi?

Accepted Answer

The nearest local park is Coopers Hollow Park (0.2 miles away). The nearest state park is Flight Park State Recreation Area (5.9 miles). Nearest national park: Capitol Reef NP — Cathedral Valley (139.9 miles). Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 43

Is there a golf course near 551 1520, Lehi?

Accepted Answer

The nearest golf course is Fox Hollow Golf Course, 2.1 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 44

What water activities are near 551 1520, Lehi?

Accepted Answer

Water recreation near this property includes: Utah Lake (12.3 mi); boat ramp at American Fork Boat Harbor (3.8 mi); fishing at Provo River (13.8 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 45

Is 551 1520, Lehi move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 46

Does 551 1520, Lehi come with a home warranty?

Accepted Answer

Yes, a home warranty is included with this property. Home warranties typically cover major systems (HVAC, plumbing, electrical) and appliances for one year, providing peace of mind for buyers. Review the warranty terms to understand coverage limits and deductibles.

Question 47

What is the lot like at 551 1520, Lehi?

Accepted Answer

The lot is 0.26 acres. Lot features: Cul-De-Sac,Curb & Gutter,Road: Paved,Sidewalks,View: Mountain. Terrain: Cul-de-Sac, Curb & Gutter, Road: Paved, Sidewalks, Terrain, Flat, View: Mountain. Views: Mountain(s).  Lot characteristics affect usability, privacy, and future improvement potential.

Question 48

What utilities are available at 551 1520, 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 49

Does 551 1520, Lehi 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.

551 1520, Lehi, UT 84043

551 N 1520 E, Lehi, UT 84043

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