Question 1

What is the asking price for 2540 700, Millcreek?

Accepted Answer

2540 700, Millcreek is listed at $890,000 ($260/sqft).  This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 2540 700, Millcreek have?

Accepted Answer

This Residential features 8 bedrooms, 4 bathrooms, 3,424 square feet of living space.  The lot is 0.15 acres.

Question 3

When was 2540 700, Millcreek built?

Accepted Answer

This property was built in 1975, making it 51 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 2540 700, Millcreek?

Accepted Answer

2540 700, Millcreek is a Residential (Quadruplex). The architectural style is Up And Down. It is located in the PLAT A subdivision. Zoning: Multi-Family.

Question 5

Is there an HOA for 2540 700, 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 2540 700, Millcreek?

Accepted Answer

Annual property taxes for this property are approximately $4,338 (about $362/month). This represents an effective tax rate of approximately 0.49% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 7

Is 2540 700, Millcreek a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Great Deal (vs Similar)" with a deal score of 95/100. Key deal signals: Priced 16% below similar homes; Priced 8% below market value; $1,056/mo LT net cash flow (+17.6% return on spend). The price is 16% below similar homes in the area. This analysis considers price relative to comparables, days on market, price reductions, and market conditions.

Question 8

How does this price compare to similar homes in Millcreek?

Accepted Answer

The median price for similar properties in the area is $1,057,500 (based on 6 homes). At $890,000, this listing is 16% below the median for comparable homes. It ranks #Below Similar among similar listings by value.

Question 9

What would the monthly mortgage payment be for 2540 700, Millcreek?

Accepted Answer

At the current 30-year mortgage rate of 6.43% with 20% down, the estimated monthly principal and interest payment is $4,468. Including estimated taxes, the total monthly cost is approximately $4,830. A 15-year mortgage at 5.79% would be $5,928/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 10

How long has 2540 700, Millcreek been on the market?

Accepted Answer

This property has been listed for 0 days. The average days on market in Millcreek is 38 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 11

Is 2540 700, Millcreek a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $96,436 with a gross rental yield of 10.8%. Net rental yield (after estimated expenses): 7.0%.  Estimated debt service coverage ratio (DSCR): 1.58. Investor score: 57/100. These are estimates based on area comparables.

Question 12

What is the estimated rental income for 2540 700, Millcreek?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $8,036 ($96,432/year). The gross rent multiplier is 9.2x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 13

What lifestyle features does 2540 700, Millcreek offer?

Accepted Answer

Propaired's AI has identified 1 lifestyle feature for this property: Investor Special. The primary lifestyle niche is "investor_special." These tags are derived from MLS data, property features, and location analysis.

Question 14

What recreation is near 2540 700, Millcreek?

Accepted Answer

This property has a recreation score of 76/100. Nearby recreation includes: James Madison trailhead (3.1 mi); Bickley Park park (0.6 mi); Forest Dale Golf Course (0.3 mi); This Is The Place Heritage Park (3.8 mi). Skiing: Snowbird Ski and Summer Resort (14.6 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 15

Are there hiking trails near 2540 700, Millcreek?

Accepted Answer

Yes, the nearest trailhead is James Madison, just 3.1 miles from the property. This Is The Place Heritage Park is 3.8 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 16

What amenities and services are near 2540 700, Millcreek?

Accepted Answer

This property has an amenity proximity score of 91/100. Nearby services include: Grocery: Smith's (0.7 mi); Hospital: Mr. Eric Glissmeyer (0.8 mi); Pharmacy: Sugar House Health Center (0.8 mi); Dining: Aubergine Kitchen (0.8 mi). Gas station: 1.0 miles. Gym: Epic Fitness (1.4 mi).

Question 17

How far is the nearest hospital from 2540 700, Millcreek?

Accepted Answer

The nearest hospital is Mr. Eric Glissmeyer, approximately 0.8 miles from the property. The nearest fire station is 0.3 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 18

What schools serve 2540 700, Millcreek?

Accepted Answer

Assigned schools: Elementary: Highland Park; Middle: Hillside; High: Highland.   School district: Salt Lake.

Question 19

What high school is near 2540 700, Millcreek?

Accepted Answer

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

Question 20

What elementary school is near 2540 700, Millcreek?

Accepted Answer

The nearest elementary school is Highland Park. Propaired provides full school ratings and comparison data for all schools in this area.

Question 21

What middle school is near 2540 700, Millcreek?

Accepted Answer

The nearest middle school is Hillside.

Question 22

What is the internet speed at 2540 700, 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 23

Is 2540 700, 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

2540 700, Millcreek is listed at $890,000, which is above the Millcreek median of $650,000 by $240,000. There are currently 118 active listings in Millcreek. Homes in Millcreek sell in an average of 38 days. The average sale-to-list ratio is 98.7%.

Question 25

What is the Millcreek real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Millcreek is $650,000. There are currently 118 active listings. Homes sell in an average of 38 days. The average sale-to-list ratio is 98.7%. This listing at $890,000 is above the Millcreek 2026 median.

Question 26

Are there other homes for sale in Millcreek?

Accepted Answer

Yes — there are currently 118 active listings in Millcreek. Browse all Millcreek homes for sale at propaired.ai/listings/ut/millcreek. Prices range around a median of $650,000. Homes in Millcreek are selling in about 38 days on average.

Question 27

How does this price compare to the Utah state average?

Accepted Answer

At $890,000, this property is above the Utah state median of $525,000 by $365,000. Millcreek prices are 24% 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 2540 700, Millcreek?

Accepted Answer

This property has a Propaired intelligence score of 68/100, combining deal value (95), recreation access (76), amenity proximity (91), broadband quality (100), and lifestyle features (1 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 29

What heating and cooling systems does 2540 700, Millcreek have?

Accepted Answer

Heating: Forced Air. Cooling system details are not listed. 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 2540 700, Millcreek have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 51-year-old home, reviewing recent roof inspections is recommended.

Question 31

What is 2540 700, Millcreek constructed from?

Accepted Answer

Construction materials include: Brick. Brick construction is durable and low-maintenance, offering excellent insulation and fire resistance.

Question 32

What type of flooring does 2540 700, Millcreek have?

Accepted Answer

Flooring types include: Carpet,Vinyl.   Carpeted areas provide warmth and comfort, especially in bedrooms. Luxury vinyl/LVP is waterproof, durable, and increasingly popular in Utah homes.

Question 33

What are the water and sewer connections for 2540 700, 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 34

What shopping and dining is near 2540 700, Millcreek?

Accepted Answer

The nearest restaurant is Aubergine Kitchen (0.8 miles away) and the nearest grocery store is Smith's (0.7 miles). Coffee: Higher Ground Coffee (2.0 mi). Banking: KeyBank (0.7 mi). Overall amenity proximity score: 91/100.

Question 35

What would homeowner's insurance cost for 2540 700, 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 $890,000, expect approximately $2,670-$4,450/year ($223-$371/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 2540 700, Millcreek?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $890,000, expect approximately $17,800-$44,500 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 37

How does the property tax compare to the list price at 2540 700, Millcreek?

Accepted Answer

The annual property tax of $4,338 represents an effective rate of 0.49% relative to the list price of $890,000. 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 38

What are the total estimated monthly costs for 2540 700, Millcreek?

Accepted Answer

Estimated total monthly housing cost: $5,127. This includes principal & interest ($4,468 at 6.43% with 20% down), property tax ($362/mo), and estimated insurance (~$297/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 39

Is 2540 700, Millcreek eligible for FHA or VA financing?

Accepted Answer

At $890,000, 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 2540 700, Millcreek?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 7.0%, based on estimated annual rent of $96,436 and a purchase price of $890,000. A cap rate above 6% is generally considered strong for residential investment.

Question 41

Is Millcreek a good rental market?

Accepted Answer

Estimated monthly rent in Millcreek is approximately $5,787. Homes in Millcreek sell in an average of 38 days, indicating healthy demand in this market. There are 118 active listings currently. Gross rental yield in this area: 10.8%. Utah's steady population growth continues to drive rental demand.

Question 42

Could 2540 700, Millcreek be a 1031 exchange property?

Accepted Answer

Yes, 2540 700, 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 2540 700, Millcreek compare to recently sold homes nearby?

Accepted Answer

Based on 6 comparable properties, the median sold price in this area is $1,057,500. This listing is 16% below the comparable median. It ranks Below Similar among similar listings by value. The median for this property type specifically is $1,020,000. 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 0.5% over the past year. The current Zillow Home Value Index for this area is $579,875. This listing is priced at 154% 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 increased 12.6% month-over-month. Current median: $650,000. Days on market have decreased by 25.3% month-over-month. Homes are selling at 98.7% of list price on average. Monitor these trends to time your offer strategically.

Question 46

Is 2540 700, Millcreek overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Great Deal (vs Similar)." At 16% below comparable homes, this property appears competitively priced. Deal score: 95/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 47

What school district is 2540 700, Millcreek in?

Accepted Answer

This property is in the Salt Lake school district. Assigned elementary: Highland Park. Assigned middle: Hillside. Assigned high: Highland. 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 2540 700, Millcreek?

Accepted Answer

The nearest local park is Bickley Park (0.6 miles away). The nearest state park is This Is The Place Heritage Park (3.8 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 2540 700, Millcreek?

Accepted Answer

The nearest golf course is Forest Dale Golf Course, 0.3 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 2540 700, Millcreek?

Accepted Answer

Water recreation near this property includes: Jordanelle Reservoir (24.7 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 51

Is 2540 700, Millcreek move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 52

What updates might 2540 700, Millcreek need?

Accepted Answer

At 51 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: Forced Air. 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 2540 700, 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 2540 700, Millcreek?

Accepted Answer

The lot is 0.15 acres. Lot features: Fenced: Part,Road: Paved,Sidewalks,Drip Irrigation: Auto-Full. Terrain: Fenced: Part, Road: Paved, Sidewalks, Drip Irrigation: Auto-Full.   Lot characteristics affect usability, privacy, and future improvement potential.

Question 55

What utilities are available at 2540 700, 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

Is there EV charging near 2540 700, Millcreek?

Accepted Answer

The nearest EV charging station is ChargePoint Charging Station, approximately 0.4 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.

2540 700, Millcreek, UT 84106

2540 S 700 E, Millcreek, UT 84106

About This Property

Property Info

Financial

Structure & Systems

Parking

Property Intelligence

Lifestyle

Flood Zone

Deal Analysis

Investment Potential

Long-Term Rental

Short-Term Rental

Recreation & Amenities

Recreation Nearby
Score: 76/100

Amenities Nearby
Score: 91/100

Internet & Connectivity

All Property Details

Property Info

Bedrooms & Baths

Financial

Structure

Lot & Land

Parking

Amenities

Utilities

Schools

Timeline

Millcreek Market Context

Connect with a Buyer’s Agent

Similar Homes

$1,200,000

$899,000

$1,020,000

$1,095,000

$799,800

Find Your Dream Home

Frequently Asked Questions

Discover

2540 700, Millcreek, UT 84106

2540 S 700 E, Millcreek, UT 84106

About This Property

Property Info

Financial

Structure & Systems

Parking

Property Intelligence

Lifestyle

Flood Zone

Deal Analysis

Investment Potential

Long-Term Rental

Short-Term Rental

Recreation & Amenities

Recreation NearbyScore: 76/100

Amenities NearbyScore: 91/100

Internet & Connectivity

All Property Details

Property Info

Bedrooms & Baths

Financial

Structure

Lot & Land

Parking

Amenities

Utilities

Schools

Timeline

Millcreek Market Context

Connect with a Buyer’s Agent

Similar Homes

$1,200,000

$899,000

$1,020,000

$1,095,000

$799,800

Find Your Dream Home

Frequently Asked Questions

Discover

Recreation Nearby
Score: 76/100

Amenities Nearby
Score: 91/100