Question 1

What is the asking price for 2885 LORAN, Millcreek?

Accepted Answer

2885 LORAN, Millcreek is listed at $895,000 ($492/sqft).  This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 2885 LORAN, Millcreek have?

Accepted Answer

This Residential features 4 bedrooms, 2 bathrooms, 1,818 square feet of living space. It is a 1-story home. The lot is 0.32 acres.

Question 3

When was 2885 LORAN, Millcreek built?

Accepted Answer

This property was built in 1953, making it 73 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 2885 LORAN, Millcreek?

Accepted Answer

2885 LORAN, Millcreek is a Residential (Single Family Residence). The architectural style is Rambler/Ranch. It is located in the LORAN HEIGHTS ADD subdivision. Zoning: Single-Family.

Question 5

Is there an HOA for 2885 LORAN, Millcreek?

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 6

What are the property taxes for 2885 LORAN, Millcreek?

Accepted Answer

Annual property taxes for this property are approximately $3,351 (about $279/month). This represents an effective tax rate of approximately 0.37% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 7

What are the key features of 2885 LORAN, Millcreek?

Accepted Answer

Interior features include: Alarm: Fire, Alarm: Security, Disposal, Great Room, Kitchen: Updated. Exterior features include: Out Buildings, Patio: Covered, Storm Doors, Patio: Open. The home has 1 fireplace.   View: Mountain(s).

Question 8

Is 2885 LORAN, Millcreek a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 9/100. 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 Millcreek?

Accepted Answer

The median price for similar properties in the area is $824,950 (based on 10 homes). At $895,000, 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 2885 LORAN, Millcreek?

Accepted Answer

At the current 30-year mortgage rate of 6.46% with 20% down, the estimated monthly principal and interest payment is $4,507. Including estimated taxes, the total monthly cost is approximately $4,786. A 15-year mortgage at 5.77% would be $5,953/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 11

How long has 2885 LORAN, Millcreek been on the market?

Accepted Answer

This property has been listed for 12 days. The average days on market in Millcreek is 60 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 12

Is 2885 LORAN, Millcreek a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $14,644 with a gross rental yield of 1.6%. Net rental yield (after estimated expenses): 1.1%.  Estimated debt service coverage ratio (DSCR): 0.20. Investor score: 16/100. These are estimates based on area comparables.

Question 13

What is the estimated rental income for 2885 LORAN, Millcreek?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $1,220 ($14,640/year). The gross rent multiplier is 61.1x (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 2885 LORAN, Millcreek offer?

Accepted Answer

Propaired's AI has identified 2 lifestyle features for this property: Green/Sustainable, Scenic Views. The primary lifestyle niche is "green_sustainable." These tags are derived from MLS data, property features, and location analysis.

Question 15

What recreation is near 2885 LORAN, Millcreek?

Accepted Answer

This property has a recreation score of 81/100. Nearby recreation includes: Grandeur Peak trailhead (1.0 mi); Canyon Rim Park - West Pavilion park (0.3 mi); Salt Lake Country Club (1.3 mi); This Is The Place Heritage Park (3.7 mi). Skiing: Snowbird Ski and Summer Resort (11.9 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 16

Are there hiking trails near 2885 LORAN, Millcreek?

Accepted Answer

Yes, the nearest trailhead is Grandeur Peak, just 1.0 miles from the property. This Is The Place Heritage Park is 3.7 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 17

What amenities and services are near 2885 LORAN, Millcreek?

Accepted Answer

This property has an amenity proximity score of 98/100. Nearby services include: Grocery: 7-Eleven (0.5 mi); Hospital: Dr. Brett S. Luddington, DC (0.0 mi); Pharmacy: Smith's Pharmacy Drivethru (0.7 mi); Dining: Taco Bell (0.1 mi). Gas station: 0.4 miles. Gym: THE DOJO (0.2 mi).

Question 18

How far is the nearest hospital from 2885 LORAN, Millcreek?

Accepted Answer

The nearest hospital is Dr. Brett S. Luddington, DC, approximately 0.0 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 19

What schools serve 2885 LORAN, Millcreek?

Accepted Answer

Assigned schools: Elementary: Eastwood; Middle: Wasatch; High: Skyline. There are 7 schools within 3 miles of this property. The highest-rated nearby school is Olympus High with a 62% state performance score (1.2 miles away). School district: Granite.

Question 20

How good are the schools near 2885 LORAN, Millcreek?

Accepted Answer

Of the 7 schools within 3 miles, 7 have state performance data with an average score of 59%.  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 21

What is the internet speed at 2885 LORAN, Millcreek?

Accepted Answer

This property has a broadband score of 100/100 (Excellent). Best available speed: 8000 Mbps download / 8000 Mbps upload. Fiber internet is available at this address. Available providers: AT&T (100 Mbps, Fixed Wireless); CenturyLink (1000 Mbps, Fiber); CenturyLink (140 Mbps, DSL). Total providers: 12.

Question 22

Is 2885 LORAN, 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 23

How does this listing compare to the Millcreek market?

Accepted Answer

2885 LORAN, Millcreek is listed at $895,000, which is above the Millcreek median of $599,999 by $295,001. There are currently 79 active listings in Millcreek. Homes in Millcreek sell in an average of 60 days. The average sale-to-list ratio is 98.8%.

Question 24

How does this price compare to the Utah state average?

Accepted Answer

At $895,000, this property is above the Utah state median of $510,000 by $385,000. Millcreek prices are 18% 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 25

What is the Propaired intelligence score for 2885 LORAN, Millcreek?

Accepted Answer

This property has a Propaired intelligence score of 50/100, combining deal value (9), recreation access (81), amenity proximity (98), broadband quality (100), and lifestyle features (2 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 26

Does 2885 LORAN, Millcreek have energy-efficient or green features?

Accepted Answer

This property has been tagged as green/sustainable, indicating energy-efficient features. Heating: Gas: Central,Radiant Floor. Cooling: Central Air. Green homes may include solar panels, Energy Star appliances, high-efficiency HVAC, insulated windows, and sustainable building materials. Ask the listing agent for specific energy certifications or efficiency ratings.

Question 27

What heating and cooling systems does 2885 LORAN, Millcreek have?

Accepted Answer

Heating: Gas: Central,Radiant Floor. 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 28

What type of roof does 2885 LORAN, Millcreek have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 73-year-old home, reviewing recent roof inspections is recommended.

Question 29

Does 2885 LORAN, Millcreek have a basement?

Accepted Answer

Yes, the basement is described as: Slab. 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 30

What is 2885 LORAN, Millcreek constructed from?

Accepted Answer

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

Question 31

What type of flooring does 2885 LORAN, Millcreek have?

Accepted Answer

Flooring types include: 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.

Question 32

What are the water and sewer connections for 2885 LORAN, Millcreek?

Accepted Answer

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

Question 33

What shopping and dining is near 2885 LORAN, Millcreek?

Accepted Answer

The nearest restaurant is Taco Bell (0.1 miles away) and the nearest grocery store is 7-Eleven (0.5 miles). Coffee: Shred Ready Coffee at Lone Pine Gear Exchange (0.1 mi). Banking: Chase Bank (0.1 mi). Overall amenity proximity score: 98/100.

Question 34

What would homeowner's insurance cost for 2885 LORAN, 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 $895,000, expect approximately $2,685-$4,475/year ($224-$373/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 35

What are the estimated closing costs for 2885 LORAN, Millcreek?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $895,000, expect approximately $17,900-$44,750 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 36

How does the property tax compare to the list price at 2885 LORAN, Millcreek?

Accepted Answer

The annual property tax of $3,351 represents an effective rate of 0.37% relative to the list price of $895,000. 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 37

What are the total estimated monthly costs for 2885 LORAN, Millcreek?

Accepted Answer

Estimated total monthly housing cost: $5,084. This includes principal & interest ($4,507 at 6.46% with 20% down), property tax ($279/mo), and estimated insurance (~$298/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 38

Is 2885 LORAN, Millcreek eligible for FHA or VA financing?

Accepted Answer

At $895,000, 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 39

What is the estimated cap rate for 2885 LORAN, Millcreek?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 1.1%, based on estimated annual rent of $14,644 and a purchase price of $895,000. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 40

Is Millcreek a good rental market?

Accepted Answer

Estimated monthly rent in Millcreek is approximately $2,016. Homes in Millcreek sell in an average of 60 days, indicating healthy demand in this market. There are 79 active listings currently. Gross rental yield in this area: 1.6%. Utah's steady population growth continues to drive rental demand.

Question 41

Could 2885 LORAN, Millcreek be a 1031 exchange property?

Accepted Answer

Yes, 2885 LORAN, 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 42

How does 2885 LORAN, Millcreek compare to recently sold homes nearby?

Accepted Answer

Based on 10 comparable properties, the median sold price in this area is $824,950. 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 $850,000. Comparable analysis is based on similar size, age, and location.

Question 43

Is the Millcreek neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 2.6% over the past year. The current Zillow Home Value Index for this area is $621,390. This listing is priced at 144% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 44

What is the price trend in Millcreek?

Accepted Answer

Millcreek's median price has decreased 11.0% month-over-month. Current median: $599,999. Days on market have increased by 15.4% month-over-month. Homes are selling at 98.8% of list price on average. Monitor these trends to time your offer strategically.

Question 45

Is 2885 LORAN, Millcreek 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: 9/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 46

What school district is 2885 LORAN, Millcreek in?

Accepted Answer

This property is in the Granite school district. Assigned elementary: Eastwood. Assigned middle: Wasatch. 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 47

How do nearby schools rank statewide?

Accepted Answer

Of the 7 nearby schools with state rankings, the highest-ranked is Rosecrest School at #151 statewide (59% performance score). Other ranked nearby schools include Oakridge School (#154) and William Penn School (#191). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 48

What parks are near 2885 LORAN, Millcreek?

Accepted Answer

The nearest local park is Canyon Rim Park - West Pavilion (0.3 miles away). The nearest state park is This Is The Place Heritage Park (3.7 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 2885 LORAN, Millcreek?

Accepted Answer

The nearest golf course is Salt Lake Country Club, 1.3 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 2885 LORAN, Millcreek?

Accepted Answer

Water recreation near this property includes: Jordanelle Reservoir (21.6 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 2885 LORAN, Millcreek move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 52

What updates might 2885 LORAN, Millcreek need?

Accepted Answer

At 73 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: Gas: Central,Radiant Floor. 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 53

Does 2885 LORAN, 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 54

What is the lot like at 2885 LORAN, Millcreek?

Accepted Answer

The lot is 0.32 acres. Lot features: Cul-De-Sac,Fenced: Full,Secluded,Sprinkler: Auto-Full,View: Mountain,Drip Irrigation: Auto-Full,Private. Terrain: Cul-de-Sac, Fenced: Full, Secluded Yard, Sprinkler: Auto-Full, View: Mountain, Drip Irrigation: Auto-Full, Private. Views: Mountain(s).  Lot characteristics affect usability, privacy, and future improvement potential.

Question 55

What utilities are available at 2885 LORAN, Millcreek?

Accepted Answer

Available utilities include: Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected. Water source: Culinary. 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 56

Does 2885 LORAN, Millcreek have solar panels?

Accepted Answer

While this property is tagged as green/sustainable, solar panel details are not explicitly listed. Utah is an excellent state for solar energy with 222+ sunny days per year. Adding solar panels in Utah may qualify for federal tax credits and local incentives. Contact the listing agent for details on any existing energy-efficient systems.

Question 57

Does 2885 LORAN, Millcreek have natural gas?

Accepted Answer

Yes, this property has natural gas service — the heating system is listed as: Gas: Central,Radiant Floor. 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 58

Is there EV charging near 2885 LORAN, Millcreek?

Accepted Answer

The nearest EV charging station is EVgo Charging Station, approximately 0.6 miles from the property. A home EV charger can be installed if 240V electrical service is available. Utah offers a growing EV charging network along major corridors and in urban centers. Convenient public charging is available nearby for supplemental needs.

2885 LORAN, Millcreek, UT 84109

2885 E LORAN DR, Millcreek, UT 84109

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