Question 1

What is the asking price for 5060 MILE HIGH, Millcreek?

Accepted Answer

5060 MILE HIGH, Millcreek is listed at $5,000,000 ($548/sqft).  This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 5060 MILE HIGH, Millcreek have?

Accepted Answer

This Residential features 4 bedrooms, 5 bathrooms, 9,128 square feet of living space. It is a 4-story home. The lot is 48.99 acres.

Question 3

When was 5060 MILE HIGH, Millcreek built?

Accepted Answer

This property was built in 1979, making it 47 years old. This established home has character and may feature unique architectural details. A thorough inspection is recommended to assess systems and structure.

Question 4

What type of property is 5060 MILE HIGH, Millcreek?

Accepted Answer

5060 MILE HIGH, Millcreek is a Residential (Single Family Residence). The architectural style is Stories: 2.  Zoning: Single-Family.

Question 5

Does 5060 MILE HIGH, Millcreek have a garage or parking?

Accepted Answer

Yes, this property includes a 3-car garage and a carport. Total parking capacity: 5 vehicles.

Question 6

Is there an HOA for 5060 MILE HIGH, Millcreek?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $1. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

What are the property taxes for 5060 MILE HIGH, Millcreek?

Accepted Answer

Annual property taxes for this property are approximately $30,623 (about $2,552/month). This represents an effective tax rate of approximately 0.61% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 5060 MILE HIGH, Millcreek?

Accepted Answer

Interior features include: Bath: Sep. Tub/Shower, Disposal, Mother-in-Law Apt., Vaulted Ceilings. Exterior features include: Basement Entrance, Double Pane Windows, Entry (Foyer), Out Buildings, Lighting.  Private pool included.  View: Lake,Mountain(s),Valley.

Question 9

Is 5060 MILE HIGH, Millcreek a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 25/100. The price is 85% above 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 Millcreek?

Accepted Answer

The median price for similar properties in the area is $2,699,900 (based on 9 homes). At $5,000,000, this listing is 85% above the median for comparable homes. It ranks #Premium among similar listings by value.

Question 11

What would the monthly mortgage payment be for 5060 MILE HIGH, Millcreek?

Accepted Answer

At the current 30-year mortgage rate of 6.36% with 20% down, the estimated monthly principal and interest payment is $24,916. Including estimated taxes and HOA fees, the total monthly cost is approximately $27,469. A 15-year mortgage at 5.71% would be $33,131/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 12

How long has 5060 MILE HIGH, Millcreek been on the market?

Accepted Answer

This property has been listed for 315 days. The average days on market in Millcreek is 52 days, meaning this listing is taking longer than the local average. Extended time on market may present negotiation opportunities for buyers.

Question 13

Is 5060 MILE HIGH, Millcreek a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $226,401 with a gross rental yield of 4.5%. Net rental yield (after estimated expenses): 2.9%.  Estimated debt service coverage ratio (DSCR): 0.67. Investor score: 27/100. These are estimates based on area comparables.

Question 14

What is the estimated rental income for 5060 MILE HIGH, Millcreek?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $18,867 ($226,404/year). The gross rent multiplier is 22.1x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 15

What lifestyle features does 5060 MILE HIGH, Millcreek offer?

Accepted Answer

Propaired's AI has identified 5 lifestyle features for this property: Pool, ADU/Multigenerational, Scenic Views, Workshop/Maker Space, Large Acreage. The primary lifestyle niche is "adu_multigenerational." These tags are derived from MLS data, property features, and location analysis.

Question 16

Does 5060 MILE HIGH, Millcreek have a pool?

Accepted Answer

Yes, this property includes a private pool.  Utah summers can reach 100°F+, making a pool a valuable amenity. Consider seasonal maintenance costs of approximately $2,000-$4,000/year for a Utah pool.

Question 17

How much land comes with 5060 MILE HIGH, Millcreek?

Accepted Answer

This property sits on 48.99 acres.   Water source: Culinary. Large-acreage properties in Utah may have water rights and mineral rights considerations — verify with a real estate attorney.

Question 18

What schools serve 5060 MILE HIGH, Millcreek?

Accepted Answer

Assigned schools: Elementary: Oakwood; Middle: Churchill; High: Skyline. There are 5 schools within 3 miles of this property. The highest-rated nearby school is Olympus High with a 62% state performance score (2.1 miles away). School district: Granite.

Question 19

What high school is near 5060 MILE HIGH, Millcreek?

Accepted Answer

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

Question 20

What elementary school is near 5060 MILE HIGH, Millcreek?

Accepted Answer

The nearest elementary school is Oakwood (1.4 miles away). State performance score: 61%. District: Granite District. Propaired provides full school ratings and comparison data for all schools in this area.

Question 21

What middle school is near 5060 MILE HIGH, Millcreek?

Accepted Answer

The nearest middle school is Churchill.

Question 22

How good are the schools near 5060 MILE HIGH, Millcreek?

Accepted Answer

Of the 5 schools within 3 miles, 5 have state performance data with an average score of 58%.  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 23

Is 5060 MILE HIGH, Millcreek 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 Millcreek market?

Accepted Answer

5060 MILE HIGH, Millcreek is listed at $5,000,000, which is above the Millcreek median of $632,700 by $4,367,300. There are currently 105 active listings in Millcreek. Homes in Millcreek sell in an average of 52 days. The average sale-to-list ratio is 98.9%.

Question 25

What is the Millcreek real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Millcreek is $632,700. There are currently 105 active listings. Homes sell in an average of 52 days. The average sale-to-list ratio is 98.9%. This listing at $5,000,000 is above the Millcreek 2026 median.

Question 26

Are there other homes for sale in Millcreek?

Accepted Answer

Yes — there are currently 105 active listings in Millcreek. Browse all Millcreek homes for sale at propaired.ai/listings/ut/millcreek. Prices range around a median of $632,700. Homes in Millcreek are selling in about 52 days on average.

Question 27

How does this price compare to the Utah state average?

Accepted Answer

At $5,000,000, this property is above the Utah state median of $518,888 by $4,481,112. Millcreek prices are 22% 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 28

What is the Propaired intelligence score for 5060 MILE HIGH, Millcreek?

Accepted Answer

This property has a Propaired intelligence score of 29/100, combining deal value (25), recreation access (N/A), amenity proximity (N/A), broadband quality (N/A), and lifestyle features (5 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 29

What heating and cooling systems does 5060 MILE HIGH, Millcreek have?

Accepted Answer

Heating: Electric. Cooling: Central Air. 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 30

What type of roof does 5060 MILE HIGH, Millcreek have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 47-year-old home, reviewing recent roof inspections is recommended.

Question 31

Does 5060 MILE HIGH, Millcreek have a basement?

Accepted Answer

Yes, the basement is described as: Daylight,Entrance,Full,Walk-Out Access. A daylight basement features windows for natural light, making the space more livable. Check for any signs of moisture or foundation issues during the home inspection.

Question 32

What is 5060 MILE HIGH, Millcreek constructed from?

Accepted Answer

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

Question 33

What type of flooring does 5060 MILE HIGH, Millcreek have?

Accepted Answer

Flooring types include: Carpet,Stone,Tile.  Tile flooring is durable and ideal for high-traffic areas and bathrooms. Carpeted areas provide warmth and comfort, especially in bedrooms.

Question 34

What are the water and sewer connections for 5060 MILE HIGH, Millcreek?

Accepted Answer

Water source: Culinary. Sewer: Septic Tank.  Septic systems require regular pumping (every 3-5 years) and inspection. Budget approximately $300-$500 for routine maintenance. Water is a critical consideration in Utah's arid climate.

Question 35

What would homeowner's insurance cost for 5060 MILE HIGH, Millcreek?

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 $5,000,000, expect approximately $15,000-$25,000/year ($1,250-$2,083/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 36

What are the estimated closing costs for 5060 MILE HIGH, Millcreek?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $5,000,000, expect approximately $100,000-$250,000 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 37

How does the property tax compare to the list price at 5060 MILE HIGH, Millcreek?

Accepted Answer

The annual property tax of $30,623 represents an effective rate of 0.61% relative to the list price of $5,000,000. This is near the Utah average effective rate of approximately 0.58%. Property taxes in Utah are assessed by the county and can change when the property is sold.

Question 38

What are the total estimated monthly costs for 5060 MILE HIGH, Millcreek?

Accepted Answer

Estimated total monthly housing cost: $29,136. This includes principal & interest ($24,916 at 6.36% with 20% down), property tax ($2,552/mo), HOA ($1/mo), and estimated insurance (~$1,667/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 39

Is 5060 MILE HIGH, Millcreek eligible for FHA or VA financing?

Accepted Answer

At $5,000,000, 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 40

What is the estimated cap rate for 5060 MILE HIGH, Millcreek?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 2.9%, based on estimated annual rent of $226,401 and a purchase price of $5,000,000. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 41

Is Millcreek a good rental market?

Accepted Answer

Estimated monthly rent in Millcreek is approximately $15,883. Homes in Millcreek sell in an average of 52 days, indicating healthy demand in this market. There are 105 active listings currently. Gross rental yield in this area: 4.5%. Utah's steady population growth continues to drive rental demand.

Question 42

Could 5060 MILE HIGH, Millcreek be a 1031 exchange property?

Accepted Answer

Yes, 5060 MILE HIGH, Millcreek 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 43

How does 5060 MILE HIGH, Millcreek compare to recently sold homes nearby?

Accepted Answer

Based on 9 comparable properties, the median sold price in this area is $2,699,900. This listing is 85% above the comparable median. It ranks Premium among similar listings by value. The median for this property type specifically is $854,500. Comparable analysis is based on similar size, age, and location.

Question 44

Is the Millcreek neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 1.3% over the past year. The current Zillow Home Value Index for this area is $1,562,195. This listing is priced at 320% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 45

What is the price trend in Millcreek?

Accepted Answer

Millcreek's median price has decreased 1.5% month-over-month. Current median: $632,700. Days on market have decreased by 32.4% month-over-month. Homes are selling at 98.9% of list price on average. Monitor these trends to time your offer strategically.

Question 46

Is 5060 MILE HIGH, Millcreek overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Standard." At 85% above comparable homes, the asking price is above the local median. Verify that premium features justify the price difference. Deal score: 25/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 47

What school district is 5060 MILE HIGH, Millcreek in?

Accepted Answer

This property is in the Granite school district. Assigned elementary: Oakwood. Assigned middle: Churchill. Assigned high: Skyline. 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

How do nearby schools rank statewide?

Accepted Answer

Of the 5 nearby schools with state rankings, the highest-ranked is Oakridge School at #154 statewide (61% performance score). Other ranked nearby schools include Lone Peak School (#213) and Olympus High (#229). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 49

Is 5060 MILE HIGH, Millcreek move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 50

What updates might 5060 MILE HIGH, Millcreek need?

Accepted Answer

At 47 years old, common updates to consider include: roof replacement (if original), HVAC system update, electrical panel upgrade, water heater replacement. Current roof: Asphalt. Current heating: Electric. 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 51

Does 5060 MILE HIGH, Millcreek 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 52

What is the lot like at 5060 MILE HIGH, Millcreek?

Accepted Answer

The lot is 48.99 acres. Lot features: Cul-De-Sac,Road: Paved,Secluded,Sprinkler: Auto-Part,Terrain: Grad Slope,Terrain: Mountain,View: Lake,View: Mountain,View: Valley,Private. Terrain: Cul-de-Sac, Road: Paved, Secluded Yard, Sprinkler: Auto-Part, Terrain, Flat, Terrain: Grad Slope, Terrain: Mountain, View: Lake, View: Mountain, View: Valley, Private. Views: Lake,Mountain(s),Valley.  Lot characteristics affect usability, privacy, and future improvement potential.

Question 53

What utilities are available at 5060 MILE HIGH, Millcreek?

Accepted Answer

Available utilities include: Electricity Connected,Sewer: Septic Tank. Water source: Culinary. Sewer: Septic Tank. 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.

5060 MILE HIGH, Millcreek, UT 84124

5060 S MILE HIGH, Millcreek, UT 84124

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