Question 1

What is the asking price for 8362 IRIS LUMI, Midvale?

Accepted Answer

8362 IRIS LUMI, Midvale is listed at $349,900 ($324/sqft). The original list price was $372,400, representing a reduction of $22,500. This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 8362 IRIS LUMI, Midvale have?

Accepted Answer

This Residential features 2 bedrooms, 2 bathrooms, 1,080 square feet of living space. It is a 1-story home.

Question 3

When was 8362 IRIS LUMI, Midvale built?

Accepted Answer

This property was built in 2025, making it 1 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 8362 IRIS LUMI, Midvale?

Accepted Answer

8362 IRIS LUMI, Midvale is a Residential (Condominium). The architectural style is Condo; Top Level. It is located in the JORDAN BLUFFS subdivision. Zoning: Multi-Family.

Question 5

Does 8362 IRIS LUMI, Midvale have a garage or parking?

Accepted Answer

Yes, this property includes a carport. Total parking capacity: 1 vehicles.

Question 6

Is there an HOA for 8362 IRIS LUMI, Midvale?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $200 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

What are the property taxes for 8362 IRIS LUMI, Midvale?

Accepted Answer

Annual property taxes for this property are approximately $2,000 (about $167/month). This represents an effective tax rate of approximately 0.57% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 8362 IRIS LUMI, Midvale?

Accepted Answer

Interior features include: Closet: Walk-In, Range/Oven: Free Stdng..

Question 9

Is 8362 IRIS LUMI, Midvale a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 38/100. Key deal signals: Priced 6% below similar homes; Priced 6% below market median (per-type); 6% price reduction from original list. The price is 6% 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 Midvale?

Accepted Answer

The median price for similar properties in the area is $372,400 (based on 10 homes). At $349,900, this listing is 6% below the median for comparable homes. It ranks #Fair Price among similar listings by value.

Question 11

Has the price been reduced on 8362 IRIS LUMI, Midvale?

Accepted Answer

Yes, the price has been reduced by 6.0% from the original list price of $372,400 to the current price of $349,900 — a reduction of $22,500. Price reductions can indicate seller motivation or market adjustment.

Question 12

What would the monthly mortgage payment be for 8362 IRIS LUMI, Midvale?

Accepted Answer

At the current 30-year mortgage rate of 6.46% with 20% down, the estimated monthly principal and interest payment is $1,762. Including estimated taxes and HOA fees, the total monthly cost is approximately $2,129. A 15-year mortgage at 5.77% would be $2,327/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 13

How long has 8362 IRIS LUMI, Midvale been on the market?

Accepted Answer

This property has been listed for 148 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 14

Is 8362 IRIS LUMI, Midvale a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $11,261 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: 36/100. These are estimates based on area comparables.

Question 15

What is the estimated rental income for 8362 IRIS LUMI, Midvale?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $938 ($11,256/year). The gross rent multiplier is 31.1x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 16

What recreation is near 8362 IRIS LUMI, Midvale?

Accepted Answer

This property has a recreation score of 66/100. Nearby recreation includes: Triumph (JRP) trailhead (1.7 mi); Copperview Recreation Center Park park (0.5 mi); River Oaks Golf Course (1.3 mi); Flight Park State Recreation Area (9.8 mi). Skiing: Snowbird Ski and Summer Resort (12.7 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 17

Are there hiking trails near 8362 IRIS LUMI, Midvale?

Accepted Answer

Yes, the nearest trailhead is Triumph (JRP), just 1.7 miles from the property. Flight Park State Recreation Area is 9.8 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 18

What amenities and services are near 8362 IRIS LUMI, Midvale?

Accepted Answer

This property has an amenity proximity score of 94/100. Nearby services include: Grocery: Maverik (0.7 mi); Hospital: Concentra Urgent Care (1.0 mi); Pharmacy: CVS Pharmacy (1.6 mi); Dining: Tacos El Pariente (0.7 mi). Gas station: 1.1 miles. Gym: Topgolf (1.7 mi).

Question 19

How far is the nearest hospital from 8362 IRIS LUMI, Midvale?

Accepted Answer

The nearest hospital is Concentra Urgent Care, approximately 1.0 miles from the property. The nearest fire station is 0.8 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 20

What schools serve 8362 IRIS LUMI, Midvale?

Accepted Answer

Assigned schools: Elementary: Midvale; Middle: Midvale; High: Hillcrest. There are 4 schools within 3 miles of this property. The highest-rated nearby school is Hawthorn Academy West Jordan with a 54% state performance score (2.2 miles away). School district: Canyons.

Question 21

How good are the schools near 8362 IRIS LUMI, Midvale?

Accepted Answer

Of the 4 schools within 3 miles, 4 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 22

What is the internet speed at 8362 IRIS LUMI, Midvale?

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 (25 Mbps, Fixed Wireless); Beehive Broadband (1000 Mbps, Fiber); CenturyLink (1000 Mbps, Fiber). Total providers: 14.

Question 23

Is 8362 IRIS LUMI, Midvale 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 Midvale market?

Accepted Answer

8362 IRIS LUMI, Midvale is listed at $349,900, which is below the Midvale median of $437,400 by $87,500. 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 25

How does this price compare to the Utah state average?

Accepted Answer

At $349,900, this property is below the Utah state median of $510,000 by $160,100. 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 26

What is the Propaired intelligence score for 8362 IRIS LUMI, Midvale?

Accepted Answer

This property has a Propaired intelligence score of 37/100, combining deal value (38), recreation access (66), amenity proximity (94), broadband quality (100), and lifestyle features (0 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 27

What heating and cooling systems does 8362 IRIS LUMI, Midvale have?

Accepted Answer

Heating: >= 95% efficiency. Cooling system details are not listed. 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 28

Does 8362 IRIS LUMI, Midvale 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 8362 IRIS LUMI, Midvale constructed from?

Accepted Answer

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

Question 30

What type of flooring does 8362 IRIS LUMI, Midvale have?

Accepted Answer

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

Question 31

What are the water and sewer connections for 8362 IRIS LUMI, Midvale?

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 8362 IRIS LUMI, Midvale?

Accepted Answer

The nearest restaurant is Tacos El Pariente (0.7 miles away) and the nearest grocery store is Maverik (0.7 miles). Coffee: Tres Gatos Coffee (1.0 mi). Banking: Zions Bank (1.1 mi). Overall amenity proximity score: 94/100.

Question 33

What would homeowner's insurance cost for 8362 IRIS LUMI, 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 $349,900, expect approximately $1,050-$1,750/year ($88-$146/month).   Get multiple quotes — rates vary significantly by insurer.

Question 34

What are the estimated closing costs for 8362 IRIS LUMI, Midvale?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $349,900, expect approximately $6,998-$17,495 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 8362 IRIS LUMI, Midvale?

Accepted Answer

The annual property tax of $2,000 represents an effective rate of 0.57% relative to the list price of $349,900. 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 36

What are the total estimated monthly costs for 8362 IRIS LUMI, Midvale?

Accepted Answer

Estimated total monthly housing cost: $2,246. This includes principal & interest ($1,762 at 6.46% with 20% down), property tax ($167/mo), HOA ($200/mo), and estimated insurance (~$117/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 37

Is 8362 IRIS LUMI, Midvale eligible for FHA or VA financing?

Accepted Answer

At $349,900, 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 8362 IRIS LUMI, Midvale?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 2.1%, based on estimated annual rent of $11,261 and a purchase price of $349,900. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 39

Is Midvale a good rental market?

Accepted Answer

Estimated monthly rent in Midvale is approximately $1,561. Homes in Midvale sell in an average of 61 days, indicating moderate demand in this market. There are 83 active listings currently. Gross rental yield in this area: 3.2%. Utah's steady population growth continues to drive rental demand.

Question 40

Could 8362 IRIS LUMI, Midvale be a 1031 exchange property?

Accepted Answer

Yes, 8362 IRIS LUMI, 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 41

How does 8362 IRIS LUMI, Midvale compare to recently sold homes nearby?

Accepted Answer

Based on 10 comparable properties, the median sold price in this area is $372,400. This listing is 6% below the comparable median. It ranks Fair Price among similar listings by value. The median for this property type specifically is $372,400. Comparable analysis is based on similar size, age, and location.

Question 42

Is the Midvale neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 1.6% over the past year. The current Zillow Home Value Index for this area is $484,500. This listing is priced at 72% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 43

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 44

Is 8362 IRIS LUMI, Midvale overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Standard." At 6% below comparable homes, this property appears competitively priced. Deal score: 38/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 45

What school district is 8362 IRIS LUMI, 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 46

How do nearby schools rank statewide?

Accepted Answer

Of the 4 nearby schools with state rankings, the highest-ranked is Grant School at #164 statewide (54% performance score). Other ranked nearby schools include Hawthorn Academy West Jordan (#313) and Mountain Heights Academy (#333). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 47

What parks are near 8362 IRIS LUMI, Midvale?

Accepted Answer

The nearest local park is Copperview Recreation Center Park (0.5 miles away). The nearest state park is Flight Park State Recreation Area (9.8 miles).  Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 48

Is there a golf course near 8362 IRIS LUMI, Midvale?

Accepted Answer

The nearest golf course is River Oaks Golf Course, 1.3 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 49

What water activities are near 8362 IRIS LUMI, Midvale?

Accepted Answer

Water recreation near this property includes: Deer Creek Reservoir (24.6 mi); boat ramp at Saratoga Springs (17.3 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 50

Is 8362 IRIS LUMI, Midvale move-in ready?

Accepted Answer

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

Question 51

Does 8362 IRIS LUMI, Midvale 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 52

What utilities are available at 8362 IRIS LUMI, Midvale?

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

Is there EV charging near 8362 IRIS LUMI, Midvale?

Accepted Answer

The nearest EV charging station is ChargePoint, approximately 1.2 miles from the property. A home EV charger can be installed if 240V electrical service is available. Utah offers a growing EV charging network along major corridors and in urban centers. Convenient public charging is available nearby for supplemental needs.

8362 IRIS LUMI, Midvale, UT 84047

8362 S IRIS LUMI LN #P303, Midvale, UT 84047

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