Question 1

What is the asking price for 5296 COMMERCE, Murray?

Accepted Answer

5296 COMMERCE, Murray is listed at $12,000,000.  This listing is currently active and available for showings.

Question 2

When was 5296 COMMERCE, Murray built?

Accepted Answer

This property was built in 1985, making it 41 years old. Homes from this era often feature solid construction. Buyers should review the condition of the roof, HVAC, and plumbing.

Question 3

What type of property is 5296 COMMERCE, Murray?

Accepted Answer

5296 COMMERCE, Murray is a Commercial Sale Commercial Lease (Office).

Question 4

Is there an HOA for 5296 COMMERCE, Murray?

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 5

What are the property taxes for 5296 COMMERCE, Murray?

Accepted Answer

Annual property taxes for this property are approximately $64,503 (about $5,375/month). This represents an effective tax rate of approximately 0.54% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 6

How long has 5296 COMMERCE, Murray been on the market?

Accepted Answer

This property has been listed for 13 days. The average days on market in Murray is 71 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 7

What schools serve 5296 COMMERCE, Murray?

Accepted Answer

There are 4 schools within 3 miles of this property. The highest-rated nearby school is Viewmont School with a 58% state performance score (1.2 miles away).

Question 8

What elementary school is near 5296 COMMERCE, Murray?

Accepted Answer

The nearest elementary school is Viewmont School (1.2 miles away). State performance score: 58%. District: Murray District. Propaired provides full school ratings and comparison data for all schools in this area.

Question 9

How good are the schools near 5296 COMMERCE, Murray?

Accepted Answer

Of the 4 schools within 3 miles, 4 have state performance data with an average score of 55%.  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 10

How does this listing compare to the Murray market?

Accepted Answer

5296 COMMERCE, Murray is listed at $12,000,000, which is above the Murray median of $525,000 by $11,475,000. 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 11

What is the Murray real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Murray is $525,000. There are currently 105 active listings. Homes sell in an average of 71 days. The average sale-to-list ratio is 98.9%. This listing at $12,000,000 is above the Murray 2026 median.

Question 12

Are there other homes for sale in Murray?

Accepted Answer

Yes — there are currently 105 active listings in Murray. Browse all Murray homes for sale at propaired.ai/listings/ut/murray. Prices range around a median of $525,000. Homes in Murray are selling in about 71 days on average.

Question 13

How does this price compare to the Utah state average?

Accepted Answer

At $12,000,000, this property is above the Utah state median of $510,000 by $11,490,000. 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 14

What would homeowner's insurance cost for 5296 COMMERCE, 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 $12,000,000, expect approximately $36,000-$60,000/year ($3,000-$5,000/month).   Get multiple quotes — rates vary significantly by insurer.

Question 15

What are the estimated closing costs for 5296 COMMERCE, Murray?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $12,000,000, expect approximately $240,000-$600,000 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 16

How does the property tax compare to the list price at 5296 COMMERCE, Murray?

Accepted Answer

The annual property tax of $64,503 represents an effective rate of 0.54% relative to the list price of $12,000,000. 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 17

Is 5296 COMMERCE, Murray eligible for FHA or VA financing?

Accepted Answer

At $12,000,000, 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 18

Could 5296 COMMERCE, Murray be a 1031 exchange property?

Accepted Answer

Yes, 5296 COMMERCE, 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 19

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 20

How do nearby schools rank statewide?

Accepted Answer

Of the 4 nearby schools with state rankings, the highest-ranked is Riverview Jr High at #157 statewide (52% performance score). Other ranked nearby schools include Grant School (#164) and Viewmont School (#182). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 21

Is 5296 COMMERCE, Murray move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 22

What updates might 5296 COMMERCE, Murray need?

Accepted Answer

At 41 years old, common updates to consider include: roof replacement (if original), HVAC system update, electrical panel upgrade, water heater replacement.   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 23

Does 5296 COMMERCE, 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 24

What is the lot like at 5296 COMMERCE, Murray?

Accepted Answer

The lot is 1.46 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

5296 COMMERCE, Murray, UT 84107

5296 S COMMERCE DR, Murray, UT 84107

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