Question 1

What is the asking price for 298 CENTER, Midway?

Accepted Answer

298 CENTER, Midway is listed at $3,250,000.  This listing is currently active and available for showings.

Question 2

When was 298 CENTER, Midway built?

Accepted Answer

This property was built in 1950, making it 76 years old. This established home has character and may feature unique architectural details. A thorough inspection is recommended to assess systems and structure.

Question 3

What type of property is 298 CENTER, Midway?

Accepted Answer

298 CENTER, Midway is a Commercial Sale (Retail).   Zoning: Single-Family, Multi-Family, Commercial, Short Term Rental Allowed.

Question 4

Is there an HOA for 298 CENTER, Midway?

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 5

What are the property taxes for 298 CENTER, Midway?

Accepted Answer

Annual property taxes for this property are approximately $5,462 (about $455/month). This represents an effective tax rate of approximately 0.17% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 6

What are the key features of 298 CENTER, Midway?

Accepted Answer

Interior features include: Restroom: Private. Exterior features include: Out Buildings, Silo, Storage.

Question 7

How long has 298 CENTER, Midway been on the market?

Accepted Answer

This property has been listed for 27 days. The average days on market in Midway is 85 days, meaning this listing is moving faster than the local average.

Question 8

Is 298 CENTER, Midway suitable for horses?

Accepted Answer

Yes, this property is tagged as equestrian-friendly. The MLS listing confirms horse keeping is permitted. The 0.49-acre lot provides space for pasture and facilities. Check with the local municipality for any animal keeping permits required.

Question 9

How does this listing compare to the Midway market?

Accepted Answer

298 CENTER, Midway is listed at $3,250,000, which is above the Midway median of $1,105,000 by $2,145,000. There are currently 91 active listings in Midway. Homes in Midway sell in an average of 85 days. The average sale-to-list ratio is 96.5%.

Question 10

What is the Midway real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Midway is $1,105,000. There are currently 91 active listings. Homes sell in an average of 85 days. The average sale-to-list ratio is 96.5%. This listing at $3,250,000 is above the Midway 2026 median.

Question 11

Are there other homes for sale in Midway?

Accepted Answer

Yes — there are currently 91 active listings in Midway. Browse all Midway homes for sale at propaired.ai/listings/ut/midway. Prices range around a median of $1,105,000. Homes in Midway are selling in about 85 days on average.

Question 12

How does this price compare to the Utah state average?

Accepted Answer

At $3,250,000, this property is above the Utah state median of $517,990 by $2,732,010. Midway prices are 113% above the state average. Utah's housing market varies significantly by region — front-range cities near SLC are typically more expensive than rural areas.

Question 13

What heating and cooling systems does 298 CENTER, Midway have?

Accepted Answer

Heating: Natural Gas. Cooling: Evap. Cooler Roof. 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 14

What type of roof does 298 CENTER, Midway have?

Accepted Answer

The roof material is Composition. Ask the listing agent about the roof's age and any recent repairs. With a 76-year-old home, reviewing recent roof inspections is recommended.

Question 15

What type of flooring does 298 CENTER, Midway have?

Accepted Answer

Flooring types include: Concrete.

Question 16

What would homeowner's insurance cost for 298 CENTER, Midway?

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 $3,250,000, expect approximately $9,750-$16,250/year ($813-$1,354/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 17

What are the estimated closing costs for 298 CENTER, Midway?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $3,250,000, expect approximately $65,000-$162,500 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 18

How does the property tax compare to the list price at 298 CENTER, Midway?

Accepted Answer

The annual property tax of $5,462 represents an effective rate of 0.17% relative to the list price of $3,250,000. 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 19

Is 298 CENTER, Midway eligible for FHA or VA financing?

Accepted Answer

At $3,250,000, 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 20

Could 298 CENTER, Midway be a 1031 exchange property?

Accepted Answer

Yes, 298 CENTER, Midway 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 21

What is the price trend in Midway?

Accepted Answer

Midway's median price has decreased 22.9% month-over-month. Current median: $1,105,000. Days on market have increased by 123.9% month-over-month. Homes are selling at 96.5% of list price on average. Monitor these trends to time your offer strategically.

Question 22

Is 298 CENTER, Midway move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 23

What updates might 298 CENTER, Midway need?

Accepted Answer

At 76 years old, common updates to consider include: roof replacement (if original), HVAC system update, electrical panel upgrade, water heater replacement. Current roof: Composition. Current heating: Natural Gas. 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 24

Does 298 CENTER, Midway 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 25

What is the lot like at 298 CENTER, Midway?

Accepted Answer

The lot is 0.49 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

Question 26

What utilities are available at 298 CENTER, Midway?

Accepted Answer

Available utilities include: Gas: Natural,Separate Meter: Gas,Separate Meter: Elec..   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 27

Does 298 CENTER, Midway have natural gas?

Accepted Answer

Yes, this property has natural gas service — the heating system is listed as: Natural Gas. Natural gas is the most common and cost-effective heating fuel in Utah, typically 30-50% less expensive than electric heating. The cooling system (Evap. Cooler Roof) operates separately. Natural gas availability also supports gas ranges, water heaters, and fireplaces.

298 CENTER, Midway, UT 84049

298 S CENTER ST, Midway, UT 84049

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