Question 1

What is the asking price for 7242 525, Midvale?

Accepted Answer

7242 525, Midvale is listed at $699,000 ($269/sqft).  Current status: Closed.

Question 2

How many bedrooms and bathrooms does 7242 525, Midvale have?

Accepted Answer

This Residential features 4 bedrooms, 4 bathrooms, 2,600 square feet of living space. It is a 3-story home. The lot is 0.16 acres.

Question 3

When was 7242 525, Midvale built?

Accepted Answer

This property was built in 2026, making it 0 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 7242 525, Midvale?

Accepted Answer

7242 525, Midvale is a Residential (Twin).  It is located in the COTTAGES subdivision.

Question 5

Does 7242 525, Midvale 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 7242 525, 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 7242 525, Midvale?

Accepted Answer

Annual property taxes for this property are approximately $1,400 (about $117/month). This represents an effective tax rate of approximately 0.20% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

How long has 7242 525, Midvale been on the market?

Accepted Answer

This property has been listed for 28 days. The average days on market in Midvale is 56 days, meaning this listing is moving faster than the local average.

Question 9

What schools serve 7242 525, Midvale?

Accepted Answer

Assigned schools: Elementary: None/Other; Middle: Midvale; High: Hillcrest. There are 8 schools within 3 miles of this property. The highest-rated nearby school is Oakdale School with a 60% state performance score (2.4 miles away). School district: Canyons.

Question 10

What high school is near 7242 525, Midvale?

Accepted Answer

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

Question 11

What elementary school is near 7242 525, Midvale?

Accepted Answer

The nearest elementary school is None/Other (1.1 miles away). State performance score: 51%. District: Utah Connections Academy. Propaired provides full school ratings and comparison data for all schools in this area.

Question 12

What middle school is near 7242 525, Midvale?

Accepted Answer

The nearest middle school is Midvale.

Question 13

How good are the schools near 7242 525, Midvale?

Accepted Answer

Of the 8 schools within 3 miles, 8 have state performance data with an average score of 56%.  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 14

How does this listing compare to the Midvale market?

Accepted Answer

7242 525, Midvale is listed at $699,000, which is above the Midvale median of $440,000 by $259,000. There are currently 96 active listings in Midvale. Homes in Midvale sell in an average of 56 days. The average sale-to-list ratio is 99.3%.

Question 15

What is the Midvale real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Midvale is $440,000. There are currently 96 active listings. Homes sell in an average of 56 days. The average sale-to-list ratio is 99.3%. This listing at $699,000 is above the Midvale 2026 median.

Question 16

Are there other homes for sale in Midvale?

Accepted Answer

Yes — there are currently 96 active listings in Midvale. Browse all Midvale homes for sale at propaired.ai/listings/ut/midvale. Prices range around a median of $440,000. Homes in Midvale are selling in about 56 days on average.

Question 17

How does this price compare to the Utah state average?

Accepted Answer

At $699,000, this property is above the Utah state median of $519,000 by $180,000. Midvale 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 18

What type of roof does 7242 525, Midvale have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 0-year-old home, reviewing recent roof inspections is recommended.

Question 19

Does 7242 525, 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 20

What is 7242 525, Midvale constructed from?

Accepted Answer

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

Question 21

What are the water and sewer connections for 7242 525, Midvale?

Accepted Answer

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

Question 22

What would homeowner's insurance cost for 7242 525, 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 $699,000, expect approximately $2,097-$3,495/year ($175-$291/month).   Get multiple quotes — rates vary significantly by insurer.

Question 23

What are the estimated closing costs for 7242 525, Midvale?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $699,000, expect approximately $13,980-$34,950 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 24

How does the property tax compare to the list price at 7242 525, Midvale?

Accepted Answer

The annual property tax of $1,400 represents an effective rate of 0.20% relative to the list price of $699,000. 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 25

Is 7242 525, Midvale eligible for FHA or VA financing?

Accepted Answer

At $699,000, 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 26

Could 7242 525, Midvale be a 1031 exchange property?

Accepted Answer

Yes, 7242 525, 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 27

What is the price trend in Midvale?

Accepted Answer

Midvale's median price has increased 4.7% month-over-month. Current median: $440,000. Days on market have decreased by 43.6% month-over-month. Homes are selling at 99.3% of list price on average. Monitor these trends to time your offer strategically.

Question 28

What school district is 7242 525, Midvale in?

Accepted Answer

This property is in the Canyons school district. Assigned elementary: None/Other. 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 29

How do nearby schools rank statewide?

Accepted Answer

Of the 8 nearby schools with state rankings, the highest-ranked is Oakdale School at #153 statewide (60% performance score). Other ranked nearby schools include Riverview Jr High (#157) and Grant School (#164). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 30

Is 7242 525, Midvale move-in ready?

Accepted Answer

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

Question 31

Does 7242 525, 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 32

What is the lot like at 7242 525, Midvale?

Accepted Answer

The lot is 0.16 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

7242 525, Midvale, UT 84047

7242 S 525 E #A, Midvale, UT 84047

About This Property

Property Info

Financial

Structure & Systems

Parking

Schools

All Property Details

Property Info

Bedrooms & Baths

Financial

Structure

Lot & Land

Parking

Amenities

Utilities

Schools

Timeline

Midvale Market Context

Similar Homes

$699,000

$749,000

$650,000

$641,217

$637,999

Find Your Dream Home

Frequently Asked Questions

Discover