Question 1

What is the asking price for 8457 LOVERIDGE, Magna?

Accepted Answer

8457 LOVERIDGE, Magna is listed at $399,500 ($299/sqft). The original list price was $399,900, representing a reduction of $400. Current status: Pending.

Question 2

How many bedrooms and bathrooms does 8457 LOVERIDGE, Magna have?

Accepted Answer

This Residential features 3 bedrooms, 2 bathrooms, 1,337 square feet of living space. It is a 2-story home. The lot is 0.02 acres.

Question 3

When was 8457 LOVERIDGE, Magna built?

Accepted Answer

This property was built in 2023, making it 3 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 8457 LOVERIDGE, Magna?

Accepted Answer

8457 LOVERIDGE, Magna is a Residential (Townhouse). The architectural style is Townhouse; Row-end. It is located in the LITTLE VALLEY GATEWA subdivision. Zoning: Multi-Family.

Question 5

Does 8457 LOVERIDGE, Magna 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 8457 LOVERIDGE, Magna?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $190 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

What are the property taxes for 8457 LOVERIDGE, Magna?

Accepted Answer

Annual property taxes for this property are approximately $3,323 (about $277/month). This represents an effective tax rate of approximately 0.83% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 8457 LOVERIDGE, Magna?

Accepted Answer

Interior features include: Closet: Walk-In, Disposal, Great Room, Range: Gas, Silestone Countertops. Exterior features include: Double Pane Windows.

Question 9

Is 8457 LOVERIDGE, Magna a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 33/100. Key deal signals: Priced 9% below similar homes; 118.0 days on market — potential negotiation opportunity. The price is 9% below similar homes in the area. This analysis considers price relative to comparables, days on market, price reductions, and market conditions.

Question 10

How does this price compare to similar homes in Magna?

Accepted Answer

The median price for similar properties in the area is $439,500 (based on 10 homes). At $399,500, this listing is 9% below the median for comparable homes. It ranks #Fair Price among similar listings by value.

Question 11

Has the price been reduced on 8457 LOVERIDGE, Magna?

Accepted Answer

Yes, the price has been reduced by 0.1% from the original list price of $399,900 to the current price of $399,500 — a reduction of $400. Price reductions can indicate seller motivation or market adjustment.

Question 12

What would the monthly mortgage payment be for 8457 LOVERIDGE, Magna?

Accepted Answer

At the current 30-year mortgage rate of 6.22% with 20% down, the estimated monthly principal and interest payment is $1,962. Including estimated taxes and HOA fees, the total monthly cost is approximately $2,429. A 15-year mortgage at 5.54% would be $2,618/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 13

How long has 8457 LOVERIDGE, Magna been on the market?

Accepted Answer

This property has been listed for 131 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 14

Is 8457 LOVERIDGE, Magna a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $12,694 with a gross rental yield of 3.2%. Net rental yield (after estimated expenses): 2.1%.  Estimated debt service coverage ratio (DSCR): 0.40. Investor score: 24/100. These are estimates based on area comparables.

Question 15

What is the estimated rental income for 8457 LOVERIDGE, Magna?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $1,058 ($12,696/year). The gross rent multiplier is 31.5x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 16

What lifestyle features does 8457 LOVERIDGE, Magna offer?

Accepted Answer

Propaired's AI has identified 2 lifestyle features for this property: Pool, Trail/Hiking Access. The primary lifestyle niche is "trailhead_hiking." These tags are derived from MLS data, property features, and location analysis.

Question 17

Does 8457 LOVERIDGE, Magna have a pool?

Accepted Answer

Yes, this property includes a private pool.  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 18

What recreation is near 8457 LOVERIDGE, Magna?

Accepted Answer

This property has a recreation score of 63/100. Nearby recreation includes: James Madison trailhead (9.0 mi); Elk Run Park park (0.3 mi); Copper Club Golf Course (2.0 mi); Great Salt Lake State Park (7.0 mi); Capitol Reef NP — Cathedral Valley (162.7 mi). Skiing: Snowbird Ski and Summer Resort (23.6 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 19

Are there hiking trails near 8457 LOVERIDGE, Magna?

Accepted Answer

Yes, the nearest trailhead is James Madison, just 9.0 miles from the property. Great Salt Lake State Park is 7.0 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 20

What amenities and services are near 8457 LOVERIDGE, Magna?

Accepted Answer

This property has an amenity proximity score of 48/100. Nearby services include: Grocery: El Potrero Market (4.1 mi); Hospital: Vision Source at Jordan Landing (7.7 mi); Pharmacy: Walgreens Pharmacy (4.9 mi); Dining: Arby's (4.9 mi). Gas station: 4.3 miles. Gym: Outdoor gym (3.3 mi).

Question 21

How far is the nearest hospital from 8457 LOVERIDGE, Magna?

Accepted Answer

The nearest hospital is Vision Source at Jordan Landing, approximately 7.7 miles from the property. The nearest fire station is 3.8 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 22

What schools serve 8457 LOVERIDGE, Magna?

Accepted Answer

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

Question 23

How does this listing compare to the Magna market?

Accepted Answer

8457 LOVERIDGE, Magna is listed at $399,500, which is below the Magna median of $429,900 by $30,400. 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 24

How does this price compare to the Utah state average?

Accepted Answer

At $399,500, this property is below the Utah state median of $510,000 by $110,500. 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 25

What is the Propaired intelligence score for 8457 LOVERIDGE, Magna?

Accepted Answer

This property has a Propaired intelligence score of 48/100, combining deal value (33), recreation access (63), amenity proximity (48), broadband quality (N/A), and lifestyle features (2 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 26

What heating and cooling systems does 8457 LOVERIDGE, 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 27

What type of roof does 8457 LOVERIDGE, Magna have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 3-year-old home, reviewing recent roof inspections is recommended.

Question 28

Does 8457 LOVERIDGE, Magna 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 29

What is 8457 LOVERIDGE, Magna constructed from?

Accepted Answer

Construction materials include: Stucco,Cement Siding. The construction type affects long-term maintenance requirements and insurance costs.

Question 30

What type of flooring does 8457 LOVERIDGE, Magna have?

Accepted Answer

Flooring types include: Carpet,Laminate,Vinyl.   Carpeted areas provide warmth and comfort, especially in bedrooms. Luxury vinyl/LVP is waterproof, durable, and increasingly popular in Utah homes.

Question 31

What are the water and sewer connections for 8457 LOVERIDGE, Magna?

Accepted Answer

Water source: Culinary. Sewer: Sewer: Connected.   Water is a critical consideration in Utah's arid climate.

Question 32

What shopping and dining is near 8457 LOVERIDGE, Magna?

Accepted Answer

The nearest restaurant is Arby's (4.9 miles away) and the nearest grocery store is El Potrero Market (4.1 miles).   Overall amenity proximity score: 48/100.

Question 33

What would homeowner's insurance cost for 8457 LOVERIDGE, 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 $399,500, expect approximately $1,199-$1,998/year ($100-$167/month).   Get multiple quotes — rates vary significantly by insurer.

Question 34

What are the estimated closing costs for 8457 LOVERIDGE, Magna?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $399,500, expect approximately $7,990-$19,975 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 35

How does the property tax compare to the list price at 8457 LOVERIDGE, Magna?

Accepted Answer

The annual property tax of $3,323 represents an effective rate of 0.83% relative to the list price of $399,500. This is near the Utah average effective rate of approximately 0.58%. Property taxes in Utah are assessed by the county and can change when the property is sold.

Question 36

What are the total estimated monthly costs for 8457 LOVERIDGE, Magna?

Accepted Answer

Estimated total monthly housing cost: $2,562. This includes principal & interest ($1,962 at 6.22% with 20% down), property tax ($277/mo), HOA ($190/mo), and estimated insurance (~$133/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 37

Is 8457 LOVERIDGE, Magna eligible for FHA or VA financing?

Accepted Answer

At $399,500, this property is likely within FHA loan limits for most Utah counties. VA loans have no price cap but require VA eligibility.    Consult a mortgage lender for personalized eligibility.

Question 38

What is the estimated cap rate for 8457 LOVERIDGE, Magna?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 2.1%, based on estimated annual rent of $12,694 and a purchase price of $399,500. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 39

Is Magna a good rental market?

Accepted Answer

Estimated monthly rent in Magna is approximately $1,596. Homes in Magna sell in an average of 69 days, indicating moderate demand in this market. There are 80 active listings currently. Gross rental yield in this area: 3.2%. Utah's steady population growth continues to drive rental demand.

Question 40

Could 8457 LOVERIDGE, Magna be a 1031 exchange property?

Accepted Answer

Yes, 8457 LOVERIDGE, 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 41

How does 8457 LOVERIDGE, Magna compare to recently sold homes nearby?

Accepted Answer

Based on 10 comparable properties, the median sold price in this area is $439,500. This listing is 9% below the comparable median. It ranks Fair Price among similar listings by value.  Comparable analysis is based on similar size, age, and location.

Question 42

Is the Magna neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 2.8% over the past year. The current Zillow Home Value Index for this area is $439,831. This listing is priced at 91% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 43

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 44

Is 8457 LOVERIDGE, Magna overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Standard." At 9% below comparable homes, this property appears competitively priced. Deal score: 33/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 45

What school district is 8457 LOVERIDGE, Magna in?

Accepted Answer

This property is in the Granite school district. Assigned elementary: Elk Run. 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 46

What parks are near 8457 LOVERIDGE, Magna?

Accepted Answer

The nearest local park is Elk Run Park (0.3 miles away). The nearest state park is Great Salt Lake State Park (7.0 miles). Nearest national park: Capitol Reef NP — Cathedral Valley (162.7 miles). Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 47

Is there a golf course near 8457 LOVERIDGE, Magna?

Accepted Answer

The nearest golf course is Copper Club Golf Course, 2.0 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 48

What water activities are near 8457 LOVERIDGE, Magna?

Accepted Answer

Water recreation near this property includes: Jordanelle Reservoir (35.8 mi); boat ramp at Great Salt Lake State Marina (6.9 mi); fishing at Provo River (37.1 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 49

Is 8457 LOVERIDGE, Magna move-in ready?

Accepted Answer

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

Question 50

Does 8457 LOVERIDGE, Magna 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 51

What is the lot like at 8457 LOVERIDGE, Magna?

Accepted Answer

The lot is 0.02 acres. Lot features: Sidewalks. Terrain: Sidewalks.   Lot characteristics affect usability, privacy, and future improvement potential.

Question 52

What utilities are available at 8457 LOVERIDGE, Magna?

Accepted Answer

Available utilities include: Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected. Water source: Culinary. Sewer: Sewer: Connected. 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 53

Does 8457 LOVERIDGE, 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.

8457 LOVERIDGE, Magna, UT 84044

8457 W LOVERIDGE DR #1304, Magna, UT 84044

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