Question 1

What is the asking price for 8240 3475, Magna?

Accepted Answer

8240 3475, Magna is listed at $519,000 ($253/sqft).  This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 8240 3475, Magna have?

Accepted Answer

This Residential features 5 bedrooms, 3 bathrooms, 2,055 square feet of living space. It is a 2-story home. The lot is 0.2 acres.

Question 3

When was 8240 3475, Magna built?

Accepted Answer

This property was built in 1963, making it 63 years old. This established home has character and may feature unique architectural details. A thorough inspection is recommended to assess systems and structure.

Question 4

What type of property is 8240 3475, Magna?

Accepted Answer

8240 3475, Magna is a Residential (Single Family Residence). The architectural style is Split-Entry/Bi-Level. It is located in the OQUIRLANE subdivision. Zoning: Single-Family.

Question 5

Does 8240 3475, Magna have a garage or parking?

Accepted Answer

Yes, this property includes a 2-car garage and 1 open parking space. Total parking capacity: 3 vehicles. The property also accommodates RV parking.

Question 6

Is there an HOA for 8240 3475, 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 8240 3475, Magna?

Accepted Answer

Annual property taxes for this property are approximately $3,256 (about $271/month). This represents an effective tax rate of approximately 0.63% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

Is 8240 3475, Magna a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 45/100. Key deal signals: 4.7% year-over-year market appreciation; 104% LT gross rent coverage of monthly ownership cost. The price is 8% above similar homes in the area. This analysis considers price relative to comparables, days on market, price reductions, and market conditions.

Question 9

How does this price compare to similar homes in Magna?

Accepted Answer

The median price for similar properties in the area is $479,000 (based on 9 homes). At $519,000, this listing is 8% above the median for comparable homes. It ranks #Above Similar among similar listings by value.

Question 10

What would the monthly mortgage payment be for 8240 3475, Magna?

Accepted Answer

At the current 30-year mortgage rate of 6.43% with 20% down, the estimated monthly principal and interest payment is $2,605. Including estimated taxes, the total monthly cost is approximately $2,876. A 15-year mortgage at 5.79% would be $3,457/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 11

How long has 8240 3475, Magna been on the market?

Accepted Answer

This property has been listed for 0 days. The average days on market in Magna is 62 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 12

Is 8240 3475, Magna a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $44,606 with a gross rental yield of 8.6%. Net rental yield (after estimated expenses): 5.6%.  Estimated debt service coverage ratio (DSCR): 1.26. Investor score: 54/100. These are estimates based on area comparables.

Question 13

What is the estimated rental income for 8240 3475, Magna?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $3,717 ($44,604/year). The gross rent multiplier is 11.6x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 14

What lifestyle features does 8240 3475, Magna offer?

Accepted Answer

Propaired's AI has identified 4 lifestyle features for this property: ADU/Multigenerational, RV-Friendly, Investor Special, Historic/Character. The primary lifestyle niche is "investor_special." These tags are derived from MLS data, property features, and location analysis.

Question 15

What recreation is near 8240 3475, Magna?

Accepted Answer

This property has a recreation score of 70/100. Nearby recreation includes: General Holm (JRP) trailhead (8.8 mi); Arbor Park park (0.4 mi); Copper Club Golf Course (1.4 mi); Great Salt Lake State Park (7.0 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 16

Are there hiking trails near 8240 3475, Magna?

Accepted Answer

Yes, the nearest trailhead is General Holm (JRP), just 8.8 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 17

What amenities and services are near 8240 3475, Magna?

Accepted Answer

This property has an amenity proximity score of 56/100. Nearby services include: Grocery: El Potrero Market (4.1 mi); Hospital: Vision Source at Jordan Landing (8.0 mi); Pharmacy: Walgreens Pharmacy (5.3 mi); Dining: Arby's (5.2 mi). Gas station: 4.5 miles. Gym: Outdoor gym (3.4 mi).

Question 18

How far is the nearest hospital from 8240 3475, Magna?

Accepted Answer

The nearest hospital is Vision Source at Jordan Landing, approximately 8.0 miles from the property. The nearest fire station is 0.2 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 19

What schools serve 8240 3475, Magna?

Accepted Answer

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

Question 20

What high school is near 8240 3475, Magna?

Accepted Answer

The nearest high school is Cyprus. View the full school profile on Propaired for test scores, enrollment, and student-to-teacher ratios.

Question 21

What elementary school is near 8240 3475, Magna?

Accepted Answer

The nearest elementary school is Magna. Propaired provides full school ratings and comparison data for all schools in this area.

Question 22

What is the internet speed at 8240 3475, Magna?

Accepted Answer

This property has a broadband score of 100/100 (Excellent). Best available speed: 10000 Mbps download / 10000 Mbps upload. Fiber internet is available at this address. Available providers: AT&T (100 Mbps, Fixed Wireless); Beehive Broadband (1000 Mbps, Fiber); CenturyLink (1000 Mbps, Fiber). Total providers: 13.

Question 23

Is 8240 3475, Magna in a flood zone?

Accepted Answer

This property is classified as low. FEMA flood zone: X (AREA OF MINIMAL FLOOD HAZARD). Flood insurance is not typically required but may be recommended.  Always verify current FEMA maps as they are periodically updated.

Question 24

How does this listing compare to the Magna market?

Accepted Answer

8240 3475, Magna is listed at $519,000, which is above the Magna median of $444,900 by $74,100. There are currently 89 active listings in Magna. Homes in Magna sell in an average of 62 days. The average sale-to-list ratio is 99.8%.

Question 25

What is the Magna real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Magna is $444,900. There are currently 89 active listings. Homes sell in an average of 62 days. The average sale-to-list ratio is 99.8%. This listing at $519,000 is above the Magna 2026 median.

Question 26

Are there other homes for sale in Magna?

Accepted Answer

Yes — there are currently 89 active listings in Magna. Browse all Magna homes for sale at propaired.ai/listings/ut/magna. Prices range around a median of $444,900. Homes in Magna are selling in about 62 days on average.

Question 27

How does this price compare to the Utah state average?

Accepted Answer

At $519,000, this property is below the Utah state median of $525,000 by $6,000. Magna prices are 15% 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 28

What is the Propaired intelligence score for 8240 3475, Magna?

Accepted Answer

This property has a Propaired intelligence score of 55/100, combining deal value (45), recreation access (70), amenity proximity (56), broadband quality (100), and lifestyle features (4 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 29

What heating and cooling systems does 8240 3475, Magna have?

Accepted Answer

Heating: Gas: Central. Cooling: Central Air. Given the age of this home, it may be worth requesting a professional HVAC inspection to assess system efficiency and remaining lifespan. Utah's climate ranges from sub-zero winters to 100°F+ summers, making reliable heating and cooling essential.

Question 30

Does 8240 3475, Magna have a basement?

Accepted Answer

Yes, the basement is described as: Entrance,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 31

What is 8240 3475, Magna constructed from?

Accepted Answer

Construction materials include: Brick. Brick construction is durable and low-maintenance, offering excellent insulation and fire resistance.

Question 32

What type of flooring does 8240 3475, Magna have?

Accepted Answer

Flooring types include: Carpet.   Carpeted areas provide warmth and comfort, especially in bedrooms.

Question 33

What are the water and sewer connections for 8240 3475, Magna?

Accepted Answer

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

Question 34

What shopping and dining is near 8240 3475, Magna?

Accepted Answer

The nearest restaurant is Arby's (5.2 miles away) and the nearest grocery store is El Potrero Market (4.1 miles). Coffee: McDonald's (4.5 mi). Banking: Wells Fargo Bank (5.7 mi). Overall amenity proximity score: 56/100.

Question 35

What would homeowner's insurance cost for 8240 3475, 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 $519,000, expect approximately $1,557-$2,595/year ($130-$216/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 36

What are the estimated closing costs for 8240 3475, Magna?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $519,000, expect approximately $10,380-$25,950 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 37

How does the property tax compare to the list price at 8240 3475, Magna?

Accepted Answer

The annual property tax of $3,256 represents an effective rate of 0.63% relative to the list price of $519,000. 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 38

What are the total estimated monthly costs for 8240 3475, Magna?

Accepted Answer

Estimated total monthly housing cost: $3,049. This includes principal & interest ($2,605 at 6.43% with 20% down), property tax ($271/mo), and estimated insurance (~$173/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 39

Is 8240 3475, Magna eligible for FHA or VA financing?

Accepted Answer

At $519,000, 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 40

What is the estimated cap rate for 8240 3475, Magna?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 5.6%, based on estimated annual rent of $44,606 and a purchase price of $519,000. A cap rate of 4-6% is typical for residential properties in growing Utah markets.

Question 41

Is Magna a good rental market?

Accepted Answer

Estimated monthly rent in Magna is approximately $3,370. Homes in Magna sell in an average of 62 days, indicating moderate demand in this market. There are 89 active listings currently. Gross rental yield in this area: 8.6%. Utah's steady population growth continues to drive rental demand.

Question 42

Could 8240 3475, Magna be a 1031 exchange property?

Accepted Answer

Yes, 8240 3475, 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 43

How does 8240 3475, Magna compare to recently sold homes nearby?

Accepted Answer

Based on 9 comparable properties, the median sold price in this area is $479,000. This listing is 8% above the comparable median. It ranks Above Similar among similar listings by value. The median for this property type specifically is $505,000. Comparable analysis is based on similar size, age, and location.

Question 44

Is the Magna neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 4.7% over the past year. The current Zillow Home Value Index for this area is $270,758. This listing is priced at 192% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 45

What is the price trend in Magna?

Accepted Answer

Magna's median price has decreased 2.2% month-over-month. Current median: $444,900. Days on market have increased by 126.0% month-over-month. Homes are selling at 99.8% of list price on average. Monitor these trends to time your offer strategically.

Question 46

Is 8240 3475, Magna overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Standard." At 8% above comparable homes, the asking price is above the local median. Verify that premium features justify the price difference. Deal score: 45/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 47

What school district is 8240 3475, Magna in?

Accepted Answer

This property is in the Granite school district. Assigned elementary: Magna.  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 48

What parks are near 8240 3475, Magna?

Accepted Answer

The nearest local park is Arbor Park (0.4 miles away). The nearest state park is Great Salt Lake State Park (7.0 miles).  Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 49

Is there a golf course near 8240 3475, Magna?

Accepted Answer

The nearest golf course is Copper Club Golf Course, 1.4 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 50

What water activities are near 8240 3475, Magna?

Accepted Answer

Water recreation near this property includes: boat ramp at Great Salt Lake State Marina (6.9 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 51

Is 8240 3475, Magna move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 52

What updates might 8240 3475, Magna need?

Accepted Answer

At 63 years old, common updates to consider include: roof replacement (if original), HVAC system update, electrical panel upgrade, water heater replacement.  Current heating: Gas: Central. 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 53

Does 8240 3475, 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 54

What is the lot like at 8240 3475, Magna?

Accepted Answer

The lot is 0.2 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

Question 55

What utilities are available at 8240 3475, 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 56

Does 8240 3475, Magna have natural gas?

Accepted Answer

Yes, this property has natural gas service — the heating system is listed as: 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.

Question 57

Is there EV charging near 8240 3475, Magna?

Accepted Answer

The nearest EV charging station is Blink Charging Station, approximately 5.1 miles from the property. With a 2-car garage, installing a home Level 2 EV charger is straightforward — most installations cost $500-$2,000 including the charger. Utah offers a growing EV charging network along major corridors and in urban centers. Convenient public charging is available nearby for supplemental needs.

Question 58

Is 8240 3475, Magna a historic or character home?

Accepted Answer

This property has been identified as a historic or character home, meaning it features distinctive architectural details, craftsmanship, or historical significance. Built in 1963, it represents mid-century design elements. Architectural style: Split-Entry/Bi-Level. Historic homes may qualify for preservation tax credits. Consider potential limitations on exterior modifications if in a historic district.

Question 59

Can I park an RV or boat at 8240 3475, Magna?

Accepted Answer

Yes, this property is tagged as RV-friendly, accommodating RV, boat, or trailer parking. The 0.2-acre lot provides ample space. In addition to the 2-car garage, there is space for large vehicle storage. RV parking capability is a sought-after feature in Utah given the state's proximity to national parks, lakes, and outdoor recreation. Verify any HOA restrictions on RV/boat parking if applicable.

8240 3475, Magna, UT 84044

8240 W 3475 S, Magna, UT 84044

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Amenities NearbyScore: 56/100

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