Question 1

What is the asking price for 7427 ELM, Midvale?

Accepted Answer

7427 ELM, Midvale is listed at $439,000 ($246/sqft). The original list price was $449,000, representing a reduction of $10,000. Current status: Canceled.

Question 2

How many bedrooms and bathrooms does 7427 ELM, Midvale have?

Accepted Answer

This Residential features 3 bedrooms, 2 bathrooms, 1,784 square feet of living space. It is a 2-story home. The lot is 0.27 acres.

Question 3

When was 7427 ELM, Midvale built?

Accepted Answer

This property was built in 1949, making it 77 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 7427 ELM, Midvale?

Accepted Answer

7427 ELM, Midvale is a Residential (Single Family Residence). The architectural style is Bungalow/Cottage. It is located in the MIDWAY SUB subdivision. Zoning: Single-Family.

Question 5

Does 7427 ELM, Midvale have a garage or parking?

Accepted Answer

Yes, this property includes 4 open parking spaces. Total parking capacity: 4 vehicles.

Question 6

Is there an HOA for 7427 ELM, Midvale?

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 7427 ELM, Midvale?

Accepted Answer

Annual property taxes for this property are approximately $2,526 (about $211/month). This represents an effective tax rate of approximately 0.58% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 7427 ELM, Midvale?

Accepted Answer

Interior features include: Range/Oven: Free Stdng.. Exterior features include: Double Pane Windows, Out Buildings, Porch: Open, Sliding Glass Doors.    View: Mountain(s).

Question 9

How long has 7427 ELM, Midvale been on the market?

Accepted Answer

This property has been listed for 68 days. The average days on market in Midvale is 61 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 7427 ELM, Midvale?

Accepted Answer

Assigned schools: Elementary: Midvale; Middle: Midvale; High: Hillcrest. There are 5 schools within 3 miles of this property. The highest-rated nearby school is Viewmont School with a 58% state performance score (2.3 miles away). School district: Canyons.

Question 11

How good are the schools near 7427 ELM, Midvale?

Accepted Answer

Of the 5 schools within 3 miles, 5 have state performance data with an average score of 53%.  School quality is a key factor in home values — properties near top-rated schools typically command a 5-10% premium. Visit each school's detail page on Propaired for full performance breakdowns.

Question 12

How does this listing compare to the Midvale market?

Accepted Answer

7427 ELM, Midvale is listed at $439,000, which is above the Midvale median of $437,400 by $1,600. There are currently 83 active listings in Midvale. Homes in Midvale sell in an average of 61 days. The average sale-to-list ratio is 98.7%.

Question 13

How does this price compare to the Utah state average?

Accepted Answer

At $439,000, this property is below the Utah state median of $510,000 by $71,000. Midvale prices are 14% 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 14

What heating and cooling systems does 7427 ELM, Midvale have?

Accepted Answer

Heating: Forced Air,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 15

What type of roof does 7427 ELM, Midvale have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 77-year-old home, reviewing recent roof inspections is recommended.

Question 16

Does 7427 ELM, Midvale 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 17

What is 7427 ELM, Midvale constructed from?

Accepted Answer

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

Question 18

What type of flooring does 7427 ELM, Midvale 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 19

What are the water and sewer connections for 7427 ELM, Midvale?

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 20

What would homeowner's insurance cost for 7427 ELM, Midvale?

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 $439,000, expect approximately $1,317-$2,195/year ($110-$183/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 21

What are the estimated closing costs for 7427 ELM, Midvale?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $439,000, expect approximately $8,780-$21,950 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 22

How does the property tax compare to the list price at 7427 ELM, Midvale?

Accepted Answer

The annual property tax of $2,526 represents an effective rate of 0.58% relative to the list price of $439,000. 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 23

Is 7427 ELM, Midvale eligible for FHA or VA financing?

Accepted Answer

At $439,000, 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 24

Could 7427 ELM, Midvale be a 1031 exchange property?

Accepted Answer

Yes, 7427 ELM, Midvale 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 25

What is the price trend in Midvale?

Accepted Answer

Midvale's median price has decreased 4.8% month-over-month. Current median: $437,400. Days on market have increased by 214.1% month-over-month. Homes are selling at 98.7% of list price on average. Monitor these trends to time your offer strategically.

Question 26

What school district is 7427 ELM, Midvale in?

Accepted Answer

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

Question 27

How do nearby schools rank statewide?

Accepted Answer

Of the 5 nearby schools with state rankings, the highest-ranked is Riverview Jr High at #157 statewide (52% performance score). Other ranked nearby schools include Grant School (#164) and Viewmont School (#182). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 28

Is 7427 ELM, Midvale move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 29

What updates might 7427 ELM, Midvale need?

Accepted Answer

At 77 years old, common updates to consider include: roof replacement (if original), HVAC system update, electrical panel upgrade, water heater replacement. Current roof: Asphalt. Current heating: Forced Air,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 30

Does 7427 ELM, Midvale 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 31

What is the lot like at 7427 ELM, Midvale?

Accepted Answer

The lot is 0.27 acres. Lot features: Fenced: Full,Road: Paved,Secluded,View: Mountain. Terrain: Fenced: Full, Road: Paved, Secluded Yard, Terrain, Flat, View: Mountain. Views: Mountain(s).  Lot characteristics affect usability, privacy, and future improvement potential.

Question 32

What utilities are available at 7427 ELM, Midvale?

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 33

Does 7427 ELM, Midvale 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.

7427 ELM, Midvale, UT 84047

7427 S ELM ST, Midvale, UT 84047

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