Question 1

What is the asking price for 7240 525, Midvale?

Accepted Answer

7240 525, Midvale is listed at $699,000 ($269/sqft).  This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 7240 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 0.15 acres.

Question 3

When was 7240 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 7240 525, Midvale?

Accepted Answer

7240 525, Midvale is a Residential (Twin).  It is located in the COTTAGES subdivision. Zoning: Multi-Family.

Question 5

Does 7240 525, Midvale have a garage or parking?

Accepted Answer

Yes, this property includes a 2-car garage and 2 open parking spaces. Total parking capacity: 4 vehicles.

Question 6

Is there an HOA for 7240 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 7240 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

Is 7240 525, Midvale a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 5/100. 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 Midvale?

Accepted Answer

The median price for similar properties in the area is $646,950 (based on 10 homes). At $699,000, 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 7240 525, Midvale?

Accepted Answer

At the current 30-year mortgage rate of 6.46% with 20% down, the estimated monthly principal and interest payment is $3,520. Including estimated taxes, the total monthly cost is approximately $3,637. A 15-year mortgage at 5.77% would be $4,650/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 11

How long has 7240 525, Midvale been on the market?

Accepted Answer

This property has been listed for 29 days. The average days on market in Midvale is 61 days, meaning this listing is moving faster than the local average.

Question 12

Is 7240 525, Midvale a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $27,109 with a gross rental yield of 3.9%. Net rental yield (after estimated expenses): 2.5%.  Estimated debt service coverage ratio (DSCR): 0.48. Investor score: 24/100. These are estimates based on area comparables.

Question 13

What is the estimated rental income for 7240 525, Midvale?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $2,259 ($27,108/year). The gross rent multiplier is 25.8x (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 7240 525, Midvale offer?

Accepted Answer

Propaired's AI has identified 3 lifestyle features for this property: Luxury Estate, Historic/Character, New Construction. The primary lifestyle niche is "luxury_estate." These tags are derived from MLS data, property features, and location analysis.

Question 15

Is 7240 525, Midvale new construction?

Accepted Answer

Yes, this is a new construction property built in 2026. New construction in Utah typically includes modern energy codes, current building standards, builder warranties, and contemporary finishes.  Review the builder warranty terms and any remaining items on the builder punch list.

Question 16

What makes 7240 525, Midvale a luxury property?

Accepted Answer

This property is classified as a luxury estate based on its price point, features, and location. At 2,600 sqft on 0.15 acres, it offers premium living.    Luxury properties in Utah benefit from no state estate tax and relatively low property tax rates.

Question 17

What recreation is near 7240 525, Midvale?

Accepted Answer

This property has a recreation score of 61/100. Nearby recreation includes: Triumph (JRP) trailhead (2.3 mi); Union Park park (0.2 mi); Schneiter's Pebblebrook Golf Course (2.2 mi); This Is The Place Heritage Park (9.8 mi). Skiing: Snowbird Ski and Summer Resort (11.4 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 18

Are there hiking trails near 7240 525, Midvale?

Accepted Answer

Yes, the nearest trailhead is Triumph (JRP), just 2.3 miles from the property. This Is The Place Heritage Park 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 19

What amenities and services are near 7240 525, Midvale?

Accepted Answer

This property has an amenity proximity score of 94/100. Nearby services include: Grocery: Maverik (0.3 mi); Hospital: Highland Ridge Hospital (1.0 mi); Pharmacy: Hillcrest Pharmacy (0.5 mi); Dining: Golden Corral (0.3 mi). Gas station: 0.8 miles. Gym: Momentum (0.9 mi).

Question 20

How far is the nearest hospital from 7240 525, Midvale?

Accepted Answer

The nearest hospital is Highland Ridge Hospital, approximately 1.0 miles from the property. The nearest fire station is 1.7 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 21

What schools serve 7240 525, Midvale?

Accepted Answer

Assigned schools: Elementary: None/Other; Middle: Midvale; High: Hillcrest.   School district: Canyons.

Question 22

What is the internet speed at 7240 525, 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 (100 Mbps, Fixed Wireless); AT&T (25 Mbps, Fixed Wireless); Beehive Broadband (1000 Mbps, Fiber). Total providers: 14.

Question 23

Is 7240 525, 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

7240 525, Midvale is listed at $699,000, which is above the Midvale median of $437,400 by $261,600. 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 25

How does this price compare to the Utah state average?

Accepted Answer

At $699,000, this property is above the Utah state median of $510,000 by $189,000. 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 26

What is the Propaired intelligence score for 7240 525, Midvale?

Accepted Answer

This property has a Propaired intelligence score of 45/100, combining deal value (5), recreation access (61), amenity proximity (94), broadband quality (100), and lifestyle features (3 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 27

What type of roof does 7240 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 28

Does 7240 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 29

What is 7240 525, Midvale constructed from?

Accepted Answer

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

Question 30

What are the water and sewer connections for 7240 525, Midvale?

Accepted Answer

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

Question 31

What shopping and dining is near 7240 525, Midvale?

Accepted Answer

The nearest restaurant is Golden Corral (0.3 miles away) and the nearest grocery store is Maverik (0.3 miles). Coffee: Rise and Grind (0.7 mi). Banking: First Utah Bank (0.7 mi). Overall amenity proximity score: 94/100.

Question 32

What would homeowner's insurance cost for 7240 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 33

What are the estimated closing costs for 7240 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 34

How does the property tax compare to the list price at 7240 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 35

What are the total estimated monthly costs for 7240 525, Midvale?

Accepted Answer

Estimated total monthly housing cost: $3,870. This includes principal & interest ($3,520 at 6.46% with 20% down), property tax ($117/mo), and estimated insurance (~$233/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 36

Is 7240 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 37

What is the estimated cap rate for 7240 525, Midvale?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 2.5%, based on estimated annual rent of $27,109 and a purchase price of $699,000. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 38

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: 3.9%. Utah's steady population growth continues to drive rental demand.

Question 39

Could 7240 525, Midvale be a 1031 exchange property?

Accepted Answer

Yes, 7240 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 40

How does 7240 525, Midvale compare to recently sold homes nearby?

Accepted Answer

Based on 10 comparable properties, the median sold price in this area is $646,950. 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 $659,000. Comparable analysis is based on similar size, age, and location.

Question 41

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 144% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 42

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 43

Is 7240 525, Midvale 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: 5/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 44

What school district is 7240 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 45

What parks are near 7240 525, Midvale?

Accepted Answer

The nearest local park is Union Park (0.2 miles away). The nearest state park is This Is The Place Heritage Park (9.8 miles).  Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 46

Is there a golf course near 7240 525, Midvale?

Accepted Answer

The nearest golf course is Schneiter's Pebblebrook Golf Course, 2.2 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 47

What water activities are near 7240 525, Midvale?

Accepted Answer

Water recreation near this property includes: Deer Creek Reservoir (24.0 mi); boat ramp at Saratoga Springs (18.7 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 48

Is 7240 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 49

Does 7240 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 50

What is the lot like at 7240 525, Midvale?

Accepted Answer

The lot is 0.15 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

Question 51

Is there EV charging near 7240 525, Midvale?

Accepted Answer

The nearest EV charging station is EV Charger, approximately 0.6 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 52

Is 7240 525, Midvale 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 2026, it represents mid-century design elements.  Historic homes may qualify for preservation tax credits. Consider potential limitations on exterior modifications if in a historic district.

7240 525, Midvale, UT 84047

7240 S 525 E #B, Midvale, UT 84047

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