Question 1

What is the asking price for 1694 CANNES, Murray?

Accepted Answer

1694 CANNES, Murray is listed at $375,000 ($236/sqft). The original list price was $449,000, representing a reduction of $74,000. Current status: Pending.

Question 2

How many bedrooms and bathrooms does 1694 CANNES, Murray have?

Accepted Answer

This Residential features 2 bedrooms, 2 bathrooms, 1,592 square feet of living space. It is a 1-story home. The lot is 0.01 acres.

Question 3

When was 1694 CANNES, Murray built?

Accepted Answer

This property was built in 1971, making it 55 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 1694 CANNES, Murray?

Accepted Answer

1694 CANNES, Murray is a Residential (Condominium). The architectural style is Patio Home. It is located in the MONTE CARLO subdivision. Zoning: Single-Family.

Question 5

Does 1694 CANNES, Murray have a garage or parking?

Accepted Answer

Yes, this property includes a 2-car garage and 2 open parking spaces. Total parking capacity: 4 vehicles.

Question 6

Is there an HOA for 1694 CANNES, Murray?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $475 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

What are the property taxes for 1694 CANNES, Murray?

Accepted Answer

Annual property taxes for this property are approximately $1,947 (about $162/month). This represents an effective tax rate of approximately 0.52% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 1694 CANNES, Murray?

Accepted Answer

Interior features include: Closet: Walk-In, Range/Oven: Free Stdng.. Exterior features include: Double Pane Windows, Skylights, Sliding Glass Doors, Storm Doors, Patio: Open. The home has 1 fireplace. Private pool included.

Question 9

Is 1694 CANNES, Murray a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Great Deal (vs Market)" with a deal score of 34/100. Key deal signals: Priced 25% below market median (per-type); 16% price reduction from original list; 102.0 days on market — potential negotiation opportunity.  This analysis considers price relative to comparables, days on market, price reductions, and market conditions.

Question 10

Has the price been reduced on 1694 CANNES, Murray?

Accepted Answer

Yes, the price has been reduced by 16.5% from the original list price of $449,000 to the current price of $375,000 — a reduction of $74,000. Price reductions can indicate seller motivation or market adjustment.

Question 11

What would the monthly mortgage payment be for 1694 CANNES, Murray?

Accepted Answer

At the current 30-year mortgage rate of 6.22% with 20% down, the estimated monthly principal and interest payment is $1,841. Including estimated taxes and HOA fees, the total monthly cost is approximately $2,478. A 15-year mortgage at 5.54% would be $2,458/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 12

How long has 1694 CANNES, Murray been on the market?

Accepted Answer

This property has been listed for 107 days. The average days on market in Murray is 71 days, meaning this listing is taking longer than the local average. Extended time on market may present negotiation opportunities for buyers.

Question 13

Is 1694 CANNES, Murray a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $13,111 with a gross rental yield of 3.5%. Net rental yield (after estimated expenses): 2.3%.  Estimated debt service coverage ratio (DSCR): 0.45. Investor score: 44/100. These are estimates based on area comparables.

Question 14

What is the estimated rental income for 1694 CANNES, Murray?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $1,093 ($13,116/year). The gross rent multiplier is 28.6x (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 1694 CANNES, Murray offer?

Accepted Answer

Propaired's AI has identified 5 lifestyle features for this property: Pool, Trail/Hiking Access, Privacy/Seclusion, Fixer-Upper, Master-Planned Community. The primary lifestyle niche is "fixer_upper." These tags are derived from MLS data, property features, and location analysis.

Question 16

Does 1694 CANNES, Murray 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

Is 1694 CANNES, Murray a fixer-upper?

Accepted Answer

This property has been identified as a fixer-upper opportunity, meaning it may need renovation or updates but is priced accordingly.  Get a thorough home inspection and renovation estimates before making an offer. An FHA 203(k) or Fannie Mae HomeStyle renovation loan may be applicable.

Question 18

What schools serve 1694 CANNES, Murray?

Accepted Answer

Assigned schools: Elementary: Woodstock; Middle: Bonneville; High: Cottonwood.   School district: Granite.

Question 19

How does this listing compare to the Murray market?

Accepted Answer

1694 CANNES, Murray is listed at $375,000, which is below the Murray median of $525,000 by $150,000. There are currently 105 active listings in Murray. Homes in Murray sell in an average of 71 days. The average sale-to-list ratio is 98.9%.

Question 20

How does this price compare to the Utah state average?

Accepted Answer

At $375,000, this property is below the Utah state median of $510,000 by $135,000. Murray prices are 3% 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 21

What is the Propaired intelligence score for 1694 CANNES, Murray?

Accepted Answer

This property has a Propaired intelligence score of 47/100, combining deal value (34), 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 22

What heating and cooling systems does 1694 CANNES, Murray have?

Accepted Answer

Heating: Forced Air. 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 23

What type of roof does 1694 CANNES, Murray have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 55-year-old home, reviewing recent roof inspections is recommended.

Question 24

Does 1694 CANNES, Murray have a basement?

Accepted Answer

Yes, the basement is described as: None. 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 25

What is 1694 CANNES, Murray constructed from?

Accepted Answer

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

Question 26

What type of flooring does 1694 CANNES, Murray have?

Accepted Answer

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

Question 27

What are the water and sewer connections for 1694 CANNES, Murray?

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 28

What would homeowner's insurance cost for 1694 CANNES, Murray?

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 $375,000, expect approximately $1,125-$1,875/year ($94-$156/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 29

What are the estimated closing costs for 1694 CANNES, Murray?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $375,000, expect approximately $7,500-$18,750 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 30

How does the property tax compare to the list price at 1694 CANNES, Murray?

Accepted Answer

The annual property tax of $1,947 represents an effective rate of 0.52% relative to the list price of $375,000. 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 31

What are the total estimated monthly costs for 1694 CANNES, Murray?

Accepted Answer

Estimated total monthly housing cost: $2,603. This includes principal & interest ($1,841 at 6.22% with 20% down), property tax ($162/mo), HOA ($475/mo), and estimated insurance (~$125/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 32

Is 1694 CANNES, Murray eligible for FHA or VA financing?

Accepted Answer

At $375,000, this property is likely within FHA loan limits for most Utah counties. VA loans have no price cap but require VA eligibility.  FHA 203(k) renovation loans may be an option for this property.  Consult a mortgage lender for personalized eligibility.

Question 33

What is the estimated cap rate for 1694 CANNES, Murray?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 2.3%, based on estimated annual rent of $13,111 and a purchase price of $375,000. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 34

Is Murray a good rental market?

Accepted Answer

Estimated monthly rent in Murray is approximately $1,789. Homes in Murray sell in an average of 71 days, indicating moderate demand in this market. There are 105 active listings currently. Gross rental yield in this area: 3.5%. Utah's steady population growth continues to drive rental demand.

Question 35

Could 1694 CANNES, Murray be a 1031 exchange property?

Accepted Answer

Yes, 1694 CANNES, Murray 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 36

Is the Murray neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 2.2% over the past year. The current Zillow Home Value Index for this area is $538,893. This listing is priced at 70% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 37

What is the price trend in Murray?

Accepted Answer

Murray's median price has decreased 56.2% month-over-month. Current median: $525,000. Days on market have increased by 59.7% month-over-month. Homes are selling at 98.9% of list price on average. Monitor these trends to time your offer strategically.

Question 38

What school district is 1694 CANNES, Murray in?

Accepted Answer

This property is in the Granite school district. Assigned elementary: Woodstock. Assigned middle: Bonneville. Assigned high: Cottonwood. School district boundaries can affect property values by 5-15%. Contact the district directly to confirm current enrollment boundaries, as they may change.

Question 39

Is 1694 CANNES, Murray move-in ready?

Accepted Answer

This property has been identified as a fixer-upper and likely requires renovation before occupying.

Question 40

What updates might 1694 CANNES, Murray need?

Accepted Answer

At 55 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 41

Does 1694 CANNES, Murray 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 42

What is the lot like at 1694 CANNES, Murray?

Accepted Answer

The lot is 0.01 acres. Lot features: Fenced: Part,Road: Paved. Terrain: Fenced: Part, Road: Paved, Terrain, Flat.   Lot characteristics affect usability, privacy, and future improvement potential.

Question 43

What utilities are available at 1694 CANNES, Murray?

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.

1694 CANNES, Murray, UT 84121

1694 E CANNES WAY, Murray, UT 84121

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