Question 1

What is the asking price for 2624 8550, Magna?

Accepted Answer

2624 8550, Magna is listed at $560,000 ($289/sqft).  Current status: Canceled.

Question 2

How many bedrooms and bathrooms does 2624 8550, Magna have?

Accepted Answer

This Residential features 4 bedrooms, 4 bathrooms, 1,940 square feet of living space. It is a 3-story home. The lot is 0.14 acres.

Question 3

When was 2624 8550, Magna built?

Accepted Answer

This property was built in 2024, making it 2 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 2624 8550, Magna?

Accepted Answer

2624 8550, Magna is a Residential (Single Family Residence). The architectural style is Stories: 2. It is located in the BONANZA MEADOWS subdivision. Zoning: Single-Family.

Question 5

Does 2624 8550, Magna have a garage or parking?

Accepted Answer

Yes, this property includes a 2-car garage and 2 open parking spaces. Total parking capacity: 4 vehicles.

Question 6

Is there an HOA for 2624 8550, Magna?

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 2624 8550, Magna?

Accepted Answer

Annual property taxes for this property are approximately $2,043 (about $170/month). This represents an effective tax rate of approximately 0.36% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 2624 8550, Magna?

Accepted Answer

Interior features include: Bath: Sep. Tub/Shower, Closet: Walk-In, Disposal, Great Room, Range/Oven: Free Stdng.. Exterior features include: Double Pane Windows, Patio: Open. The home has 1 fireplace.   View: Mountain(s).

Question 9

How long has 2624 8550, Magna been on the market?

Accepted Answer

This property has been listed for 145 days. The average days on market in Magna is 69 days, meaning this listing is taking longer than the local average. Extended time on market may present negotiation opportunities for buyers.

Question 10

What schools serve 2624 8550, Magna?

Accepted Answer

Assigned schools: Elementary: Magna; Middle: Matheson; High: Cyprus.   School district: Granite.

Question 11

How does this listing compare to the Magna market?

Accepted Answer

2624 8550, Magna is listed at $560,000, which is above the Magna median of $429,900 by $130,100. There are currently 80 active listings in Magna. Homes in Magna sell in an average of 69 days. The average sale-to-list ratio is 99.2%.

Question 12

How does this price compare to the Utah state average?

Accepted Answer

At $560,000, this property is above the Utah state median of $510,000 by $50,000. Magna prices are 16% below the state average. Utah's housing market varies significantly by region — front-range cities near SLC are typically more expensive than rural areas.

Question 13

What heating and cooling systems does 2624 8550, Magna 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 14

What type of roof does 2624 8550, Magna have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 2-year-old home, reviewing recent roof inspections is recommended.

Question 15

Does 2624 8550, Magna 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 16

What is 2624 8550, Magna constructed from?

Accepted Answer

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

Question 17

What type of flooring does 2624 8550, Magna have?

Accepted Answer

Flooring types include: Carpet,Laminate,Tile.  Tile flooring is durable and ideal for high-traffic areas and bathrooms. Carpeted areas provide warmth and comfort, especially in bedrooms.

Question 18

What are the water and sewer connections for 2624 8550, Magna?

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 19

What would homeowner's insurance cost for 2624 8550, Magna?

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 $560,000, expect approximately $1,680-$2,800/year ($140-$233/month).   Get multiple quotes — rates vary significantly by insurer.

Question 20

What are the estimated closing costs for 2624 8550, Magna?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $560,000, expect approximately $11,200-$28,000 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 21

How does the property tax compare to the list price at 2624 8550, Magna?

Accepted Answer

The annual property tax of $2,043 represents an effective rate of 0.36% relative to the list price of $560,000. 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 22

Is 2624 8550, Magna eligible for FHA or VA financing?

Accepted Answer

At $560,000, 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 23

Could 2624 8550, Magna be a 1031 exchange property?

Accepted Answer

Yes, 2624 8550, Magna 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 24

What is the price trend in Magna?

Accepted Answer

Magna's median price has increased 6.0% month-over-month. Current median: $429,900. Days on market have decreased by 3.0% month-over-month. Homes are selling at 99.2% of list price on average. Monitor these trends to time your offer strategically.

Question 25

What school district is 2624 8550, Magna in?

Accepted Answer

This property is in the Granite school district. Assigned elementary: Magna. Assigned middle: Matheson. Assigned high: Cyprus. School district boundaries can affect property values by 5-15%. Contact the district directly to confirm current enrollment boundaries, as they may change.

Question 26

Is 2624 8550, Magna move-in ready?

Accepted Answer

As new construction, this home is expected to be move-in ready with modern finishes and warranties.

Question 27

Does 2624 8550, Magna 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 28

What is the lot like at 2624 8550, Magna?

Accepted Answer

The lot is 0.14 acres. Lot features: Fenced: Part,Road: Paved,Sprinkler: Auto-Full,View: Mountain. Terrain: Fenced: Part, Road: Paved, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain. Views: Mountain(s).  Lot characteristics affect usability, privacy, and future improvement potential.

Question 29

What utilities are available at 2624 8550, Magna?

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 30

Does 2624 8550, Magna 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.

2624 8550, Magna, UT 84044

2624 S 8550 W, Magna, UT 84044

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