Question 1

What is the asking price for 506 OLYMPIC, Midway?

Accepted Answer

506 OLYMPIC, Midway is listed at $995,000 ($274/sqft).  This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 506 OLYMPIC, Midway have?

Accepted Answer

This Residential features 3 bedrooms, 4 bathrooms, 3,630 square feet of living space. It is a 2-story home. The lot is 0.09 acres.

Question 3

When was 506 OLYMPIC, Midway built?

Accepted Answer

This property was built in 2008, making it 18 years old. Built in the early 2000s, the home benefits from modern construction standards and may have updated systems.

Question 4

What type of property is 506 OLYMPIC, Midway?

Accepted Answer

506 OLYMPIC, Midway is a Residential (Twin). The architectural style is Townhouse; Row-end. It is located in the SUNBURST RANCH PLAT A PUD subdivision. Zoning: Single-Family.

Question 5

Does 506 OLYMPIC, Midway 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 506 OLYMPIC, Midway?

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 506 OLYMPIC, Midway?

Accepted Answer

Annual property taxes for this property are approximately $3,922 (about $327/month). This represents an effective tax rate of approximately 0.39% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 506 OLYMPIC, Midway?

Accepted Answer

Interior features include: Bar: Wet, Bath: Primary, Bath: Sep. Tub/Shower, Closet: Walk-In, Disposal. Exterior features include: Balcony, Basement Entrance, Bay Box Windows, Deck; Covered, Double Pane Windows. The home has 1 fireplace.   View: Mountain(s),Valley.

Question 9

Is 506 OLYMPIC, Midway a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Great Deal (vs Market)" with a deal score of 100/100. Key deal signals: Priced 69% below market value.  This analysis considers price relative to comparables, days on market, price reductions, and market conditions.

Question 10

What would the monthly mortgage payment be for 506 OLYMPIC, Midway?

Accepted Answer

At the current 30-year mortgage rate of 6.43% with 20% down, the estimated monthly principal and interest payment is $4,995. Including estimated taxes and HOA fees, the total monthly cost is approximately $5,522. A 15-year mortgage at 5.79% would be $6,627/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 11

How long has 506 OLYMPIC, Midway been on the market?

Accepted Answer

This property has been listed for 0 days. The average days on market in Midway is 94 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 12

Is 506 OLYMPIC, Midway a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $66,618 with a gross rental yield of 6.7%. Net rental yield (after estimated expenses): 4.3%.  Estimated debt service coverage ratio (DSCR): 0.98. Investor score: 50/100. These are estimates based on area comparables.

Question 13

What is the estimated rental income for 506 OLYMPIC, Midway?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $5,552 ($66,624/year). The gross rent multiplier is 14.9x (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 506 OLYMPIC, Midway offer?

Accepted Answer

Propaired's AI has identified 3 lifestyle features for this property: Cabin/Mountain, Scenic Views, Hot Tub/Spa. The primary lifestyle niche is "cabin_mountain." These tags are derived from MLS data, property features, and location analysis.

Question 15

Is 506 OLYMPIC, Midway near skiing?

Accepted Answer

This property is within reach of skiing. Deer Valley Resort is 6.6 miles away. Utah's world-class resorts offer 500+ inches of annual snowfall and "The Greatest Snow on Earth."

Question 16

What recreation is near 506 OLYMPIC, Midway?

Accepted Answer

This property has a recreation score of 81/100. Nearby recreation includes: Wasatch Mountain State Park trailhead (1.0 mi); Wasatch Mountain State Park park (1.1 mi); Homestead Golf Club (0.8 mi); Wasatch Mountain State Park (2.6 mi). Skiing: Deer Valley Resort (6.6 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 17

Are there hiking trails near 506 OLYMPIC, Midway?

Accepted Answer

Yes, the nearest trailhead is Wasatch Mountain State Park, just 1.0 miles from the property. Wasatch Mountain State Park is 2.6 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 506 OLYMPIC, Midway?

Accepted Answer

This property has an amenity proximity score of 78/100. Nearby services include: Grocery: The Dainty Pear Co. (1.2 mi); Hospital: Andrew P. Talbott, MD - Southwest Spine & Pain Center (4.7 mi); Pharmacy: Ridley's Pharmacy #1171 (1.3 mi); Dining: The Bakery at Zermatt Utah (0.6 mi). Gas station: 1.3 miles. Gym: Midway Studio Collective (1.2 mi).

Question 19

How far is the nearest hospital from 506 OLYMPIC, Midway?

Accepted Answer

The nearest hospital is Andrew P. Talbott, MD - Southwest Spine & Pain Center, approximately 4.7 miles from the property. The nearest fire station is 1.3 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 20

What schools serve 506 OLYMPIC, Midway?

Accepted Answer

Assigned schools: Elementary: Midway; Middle: Timpanogos Middle. There are 1 schools within 3 miles of this property. The highest-rated nearby school is Midway School with a 63% state performance score (1.5 miles away). School district: Wasatch.

Question 21

What elementary school is near 506 OLYMPIC, Midway?

Accepted Answer

The nearest elementary school is Midway (1.5 miles away). State performance score: 63%. District: Wasatch District. Propaired provides full school ratings and comparison data for all schools in this area.

Question 22

What middle school is near 506 OLYMPIC, Midway?

Accepted Answer

The nearest middle school is Timpanogos Middle.

Question 23

What is the internet speed at 506 OLYMPIC, Midway?

Accepted Answer

This property has a broadband score of 85/100 (Excellent). Best available speed: 1200 Mbps download / 35 Mbps upload. Fiber is not currently available at this address. Available providers: AT&T (100 Mbps, Fixed Wireless); CenturyLink (0 Mbps, DSL); HughesNet (100 Mbps, Satellite). Total providers: 10.

Question 24

Is 506 OLYMPIC, Midway 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 25

How does this listing compare to the Midway market?

Accepted Answer

506 OLYMPIC, Midway is listed at $995,000, which is below the Midway median of $1,023,000 by $28,000. There are currently 98 active listings in Midway. Homes in Midway sell in an average of 94 days. The average sale-to-list ratio is 96.8%.

Question 26

What is the Midway real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Midway is $1,023,000. There are currently 98 active listings. Homes sell in an average of 94 days. The average sale-to-list ratio is 96.8%. This listing at $995,000 is below the Midway 2026 median.

Question 27

Are there other homes for sale in Midway?

Accepted Answer

Yes — there are currently 98 active listings in Midway. Browse all Midway homes for sale at propaired.ai/listings/ut/midway. Prices range around a median of $1,023,000. Homes in Midway are selling in about 94 days on average.

Question 28

How does this price compare to the Utah state average?

Accepted Answer

At $995,000, this property is above the Utah state median of $525,000 by $470,000. Midway prices are 95% 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 29

What is the Propaired intelligence score for 506 OLYMPIC, Midway?

Accepted Answer

This property has a Propaired intelligence score of 79/100, combining deal value (100), recreation access (81), amenity proximity (78), broadband quality (85), and lifestyle features (3 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 30

What heating and cooling systems does 506 OLYMPIC, Midway have?

Accepted Answer

Heating: Forced Air,Gas: Central. Cooling: Central Air. 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 31

What type of roof does 506 OLYMPIC, Midway have?

Accepted Answer

The roof material is Asphalt,Pitched. Asphalt shingles typically last 20-30 years in Utah's climate. With a 18-year-old home, reviewing recent roof inspections is recommended.

Question 32

Does 506 OLYMPIC, Midway have a basement?

Accepted Answer

Yes, the basement is described as: Full,Walk-Out Access. 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 33

What is 506 OLYMPIC, Midway constructed from?

Accepted Answer

Construction materials include: Frame,Stone,Stucco. Stone construction provides exceptional durability and a premium aesthetic.

Question 34

What type of flooring does 506 OLYMPIC, Midway 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 35

What are the water and sewer connections for 506 OLYMPIC, Midway?

Accepted Answer

Water source: Culinary,Irrigation: Pressure. Sewer: Sewer: Connected,Sewer: Public.  Municipal sewer service means no septic maintenance costs. Water is a critical consideration in Utah's arid climate.

Question 36

What shopping and dining is near 506 OLYMPIC, Midway?

Accepted Answer

The nearest restaurant is The Bakery at Zermatt Utah (0.6 miles away) and the nearest grocery store is The Dainty Pear Co. (1.2 miles). Coffee: Bäckerei & Eis Zermatt Bakery (0.6 mi). Banking: Grand Valley Bank (1.3 mi). Overall amenity proximity score: 78/100.

Question 37

What would homeowner's insurance cost for 506 OLYMPIC, 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 $995,000, expect approximately $2,985-$4,975/year ($249-$415/month).   Get multiple quotes — rates vary significantly by insurer.

Question 38

What are the estimated closing costs for 506 OLYMPIC, Midway?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $995,000, expect approximately $19,900-$49,750 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 39

How does the property tax compare to the list price at 506 OLYMPIC, Midway?

Accepted Answer

The annual property tax of $3,922 represents an effective rate of 0.39% relative to the list price of $995,000. 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 40

What are the total estimated monthly costs for 506 OLYMPIC, Midway?

Accepted Answer

Estimated total monthly housing cost: $5,854. This includes principal & interest ($4,995 at 6.43% with 20% down), property tax ($327/mo), HOA ($200/mo), and estimated insurance (~$332/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 41

Is 506 OLYMPIC, Midway eligible for FHA or VA financing?

Accepted Answer

At $995,000, 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 42

What is the estimated cap rate for 506 OLYMPIC, Midway?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 4.3%, based on estimated annual rent of $66,618 and a purchase price of $995,000. A cap rate of 4-6% is typical for residential properties in growing Utah markets.

Question 43

Is Midway a good rental market?

Accepted Answer

Estimated monthly rent in Midway is approximately $5,953. Homes in Midway sell in an average of 94 days, indicating moderate demand in this market. There are 98 active listings currently. Gross rental yield in this area: 6.7%. Utah's steady population growth continues to drive rental demand.

Question 44

Could 506 OLYMPIC, Midway be a 1031 exchange property?

Accepted Answer

Yes, 506 OLYMPIC, 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 45

Is the Midway neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 0.1% over the past year. The current Zillow Home Value Index for this area is $735,806. This listing is priced at 135% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 46

What is the price trend in Midway?

Accepted Answer

Midway's median price has increased 81.2% month-over-month. Current median: $1,023,000. Days on market have decreased by 20.6% month-over-month. Homes are selling at 96.8% of list price on average. Monitor these trends to time your offer strategically.

Question 47

What school district is 506 OLYMPIC, Midway in?

Accepted Answer

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

Question 48

What parks are near 506 OLYMPIC, Midway?

Accepted Answer

The nearest local park is Wasatch Mountain State Park (1.1 miles away). The nearest state park is Wasatch Mountain State Park (2.6 miles).  Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 49

Is there a golf course near 506 OLYMPIC, Midway?

Accepted Answer

The nearest golf course is Homestead Golf Club, 0.8 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 50

What water activities are near 506 OLYMPIC, Midway?

Accepted Answer

Water recreation near this property includes: Jordanelle Reservoir (6.9 mi); boat ramp at Deer Creek Island (5.3 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 51

Is 506 OLYMPIC, Midway move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 52

Does 506 OLYMPIC, 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 53

What is the lot like at 506 OLYMPIC, Midway?

Accepted Answer

The lot is 0.09 acres. Lot features: Curb & Gutter,Road: Paved,Sidewalks,Sprinkler: Auto-Full,Terrain: Grad Slope,View: Mountain,View: Valley. Terrain: Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Terrain: Grad Slope, View: Mountain, View: Valley. Views: Mountain(s),Valley.  Lot characteristics affect usability, privacy, and future improvement potential.

Question 54

What utilities are available at 506 OLYMPIC, Midway?

Accepted Answer

Available utilities include: Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected. Water source: Culinary,Irrigation: Pressure. 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 55

Does 506 OLYMPIC, Midway 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.

Question 56

Is there EV charging near 506 OLYMPIC, Midway?

Accepted Answer

The nearest EV charging station is ChargePoint Charging Station, approximately 1.2 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.

506 OLYMPIC, Midway, UT 84049

506 N OLYMPIC WAY, Midway, UT 84049

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Recreation NearbyScore: 81/100

Amenities NearbyScore: 78/100

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