Question 1

What is the asking price for 389 OLD SUMMIT, Monticello?

Accepted Answer

389 OLD SUMMIT, Monticello is listed at $309,000. The original list price was $359,000, representing a reduction of $50,000. This listing is currently active and available for showings.

Question 2

What type of property is 389 OLD SUMMIT, Monticello?

Accepted Answer

389 OLD SUMMIT, Monticello is a Land (Agriculture).  It is located in the SUNRISE COUNTRY subdivision. Zoning: Agricultural.

Question 3

Is there an HOA for 389 OLD SUMMIT, Monticello?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $100 annually. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 4

What are the property taxes for 389 OLD SUMMIT, Monticello?

Accepted Answer

Annual property taxes for this property are approximately $483 (about $40/month). This represents an effective tax rate of approximately 0.16% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 5

What are the key features of 389 OLD SUMMIT, Monticello?

Accepted Answer

Exterior features include: Bunkhouse.

Question 6

How long has 389 OLD SUMMIT, Monticello been on the market?

Accepted Answer

This property has been listed for 12 days. The average days on market in Monticello is 95 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 7

Is 389 OLD SUMMIT, Monticello suitable for horses?

Accepted Answer

Yes, this property is tagged as equestrian-friendly. The MLS listing confirms horse keeping is permitted. The 42-acre lot provides space for pasture and facilities. Check with the local municipality for any animal keeping permits required.

Question 8

What schools serve 389 OLD SUMMIT, Monticello?

Accepted Answer

Assigned schools: Elementary: Monticello; Middle: Albert R. Lyman; High: Monticello.   School district: San Juan.

Question 9

What high school is near 389 OLD SUMMIT, Monticello?

Accepted Answer

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

Question 10

What elementary school is near 389 OLD SUMMIT, Monticello?

Accepted Answer

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

Question 11

What middle school is near 389 OLD SUMMIT, Monticello?

Accepted Answer

The nearest middle school is Albert R. Lyman.

Question 12

How does this listing compare to the Monticello market?

Accepted Answer

389 OLD SUMMIT, Monticello is listed at $309,000, which is below the Monticello median of $322,500 by $13,500. There are currently 16 active listings in Monticello. Homes in Monticello sell in an average of 95 days. The average sale-to-list ratio is 94.9%.

Question 13

What is the Monticello real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Monticello is $322,500. There are currently 16 active listings. Homes sell in an average of 95 days. The average sale-to-list ratio is 94.9%. This listing at $309,000 is below the Monticello 2026 median.

Question 14

Are there other homes for sale in Monticello?

Accepted Answer

Yes — there are currently 16 active listings in Monticello. Browse all Monticello homes for sale at propaired.ai/listings/ut/monticello. Prices range around a median of $322,500. Homes in Monticello are selling in about 95 days on average.

Question 15

How does this price compare to the Utah state average?

Accepted Answer

At $309,000, this property is below the Utah state median of $510,000 by $201,000. Monticello prices are 37% below the state average. Utah's housing market varies significantly by region — front-range cities near SLC are typically more expensive than rural areas.

Question 16

What are the water and sewer connections for 389 OLD SUMMIT, Monticello?

Accepted Answer

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 17

What would homeowner's insurance cost for 389 OLD SUMMIT, Monticello?

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 $309,000, expect approximately $927-$1,545/year ($77-$129/month).   Get multiple quotes — rates vary significantly by insurer.

Question 18

What are the estimated closing costs for 389 OLD SUMMIT, Monticello?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $309,000, expect approximately $6,180-$15,450 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 19

How does the property tax compare to the list price at 389 OLD SUMMIT, Monticello?

Accepted Answer

The annual property tax of $483 represents an effective rate of 0.16% relative to the list price of $309,000. 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 20

Is 389 OLD SUMMIT, Monticello eligible for FHA or VA financing?

Accepted Answer

At $309,000, this property is likely within FHA loan limits for most Utah counties. VA loans have no price cap but require VA eligibility.    Consult a mortgage lender for personalized eligibility.

Question 21

Could 389 OLD SUMMIT, Monticello be a 1031 exchange property?

Accepted Answer

Yes, 389 OLD SUMMIT, Monticello 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 22

What is the price trend in Monticello?

Accepted Answer

Monticello's median price has decreased 44.2% month-over-month. Current median: $322,500. Days on market have decreased by 22.0% month-over-month. Homes are selling at 94.9% of list price on average. Monitor these trends to time your offer strategically.

Question 23

What school district is 389 OLD SUMMIT, Monticello in?

Accepted Answer

This property is in the San Juan school district. Assigned elementary: Monticello. Assigned middle: Albert R. Lyman. Assigned high: Monticello. School district boundaries can affect property values by 5-15%. Contact the district directly to confirm current enrollment boundaries, as they may change.

Question 24

Is 389 OLD SUMMIT, Monticello move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 25

Does 389 OLD SUMMIT, Monticello 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 26

What is the lot like at 389 OLD SUMMIT, Monticello?

Accepted Answer

The lot is 42 acres. Lot features: Fenced: Part,View: Mountain,Terrain: Flat,Excl. Mineral Rights,Excl. Oil/Gas Rights,Horse Property. Terrain: Terrain: Flat.   Lot characteristics affect usability, privacy, and future improvement potential.

Question 27

What utilities are available at 389 OLD SUMMIT, Monticello?

Accepted Answer

Available utilities include: Sewer: Septic Tank.  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.

389 OLD SUMMIT, Monticello, UT 84535

389 N OLD SUMMIT RD, Monticello, UT 84535

About This Property

Features & Amenities

Property Info

Financial

Structure & Systems

Parking

All Property Details

Property Info

Financial

Lot & Land

Parking

Amenities

Utilities

Schools

Timeline

Monticello Market Context

Connect with a Buyer’s Agent

Find Your Dream Home

Frequently Asked Questions

Discover