Question 1

What is the asking price for 246 COTTAGE WOOD, Murray?

Accepted Answer

246 COTTAGE WOOD, Murray is listed at $559,000 ($208/sqft).  This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 246 COTTAGE WOOD, Murray have?

Accepted Answer

This Residential features 4 bedrooms, 3 bathrooms, 2,688 square feet of living space. It is a 2-story home. The lot is 0.01 acres.

Question 3

When was 246 COTTAGE WOOD, Murray built?

Accepted Answer

This property was built in 1996, making it 30 years old. Homes from this era often feature solid construction. Buyers should review the condition of the roof, HVAC, and plumbing.

Question 4

What type of property is 246 COTTAGE WOOD, Murray?

Accepted Answer

246 COTTAGE WOOD, Murray is a Residential (Condominium). The architectural style is Rambler/Ranch. It is located in the COTTAGE COVE CONDMN subdivision. Zoning: Single-Family.

Question 5

Does 246 COTTAGE WOOD, 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 246 COTTAGE WOOD, Murray?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $310 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

What are the property taxes for 246 COTTAGE WOOD, Murray?

Accepted Answer

Annual property taxes for this property are approximately $1,700 (about $142/month). This represents an effective tax rate of approximately 0.30% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 246 COTTAGE WOOD, Murray?

Accepted Answer

Interior features include: Bath: Primary, Bath: Sep. Tub/Shower, Disposal, French Doors, Gas Log. Exterior features include: Double Pane Windows. The home has 1 fireplace.

Question 9

Is 246 COTTAGE WOOD, Murray a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 12/100. Key deal signals: 5.1% gross rental yield. The price is 35% above similar homes in the area. This analysis considers price relative to comparables, days on market, price reductions, and market conditions.

Question 10

How does this price compare to similar homes in Murray?

Accepted Answer

The median price for similar properties in the area is $414,450 (based on 10 homes). At $559,000, this listing is 35% above the median for comparable homes. It ranks #Premium among similar listings by value.

Question 11

What would the monthly mortgage payment be for 246 COTTAGE WOOD, Murray?

Accepted Answer

At the current 30-year mortgage rate of 6.46% with 20% down, the estimated monthly principal and interest payment is $2,815. Including estimated taxes and HOA fees, the total monthly cost is approximately $3,267. A 15-year mortgage at 5.77% would be $3,718/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 12

How long has 246 COTTAGE WOOD, Murray been on the market?

Accepted Answer

This property has been listed for 21 days. The average days on market in Murray is 71 days, meaning this listing is moving faster than the local average.

Question 13

Is 246 COTTAGE WOOD, Murray a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $28,325 with a gross rental yield of 5.1%. Net rental yield (after estimated expenses): 3.3%.  Estimated debt service coverage ratio (DSCR): 0.63. Investor score: 32/100. These are estimates based on area comparables.

Question 14

What is the estimated rental income for 246 COTTAGE WOOD, Murray?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $2,360 ($28,320/year). The gross rent multiplier is 19.7x (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 246 COTTAGE WOOD, Murray offer?

Accepted Answer

Propaired's AI has identified 3 lifestyle features for this property: Pool, Gated Community, Hot Tub/Spa. The primary lifestyle niche is "hot_tub_spa." These tags are derived from MLS data, property features, and location analysis.

Question 16

Does 246 COTTAGE WOOD, Murray have a pool?

Accepted Answer

Yes, this property includes a private pool. A hot tub/spa is also included. 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

What recreation is near 246 COTTAGE WOOD, Murray?

Accepted Answer

This property has a recreation score of 71/100. Nearby recreation includes: Arrowhead Park trailhead (1.6 mi); Millcreek Activity Center Park park (0.9 mi); Mick Riley Golf Course (0.9 mi); This Is The Place Heritage Park (6.3 mi). Skiing: Snowbird Ski and Summer Resort (13.3 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 18

Are there hiking trails near 246 COTTAGE WOOD, Murray?

Accepted Answer

Yes, the nearest trailhead is Arrowhead Park, just 1.6 miles from the property. This Is The Place Heritage Park is 6.3 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 19

What amenities and services are near 246 COTTAGE WOOD, Murray?

Accepted Answer

This property has an amenity proximity score of 93/100. Nearby services include: Grocery: Seoul Market (0.4 mi); Hospital: KPC Promise Hospital of Salt Lake (0.8 mi); Pharmacy: Walgreens (0.8 mi); Dining: Domino's (0.4 mi). Gas station: 0.6 miles. Gym: The Front Climbing Club (0.8 mi).

Question 20

How far is the nearest hospital from 246 COTTAGE WOOD, Murray?

Accepted Answer

The nearest hospital is KPC Promise Hospital of Salt Lake, approximately 0.8 miles from the property. The nearest fire station is 0.9 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 21

What schools serve 246 COTTAGE WOOD, Murray?

Accepted Answer

Assigned schools: Elementary: Parkside; Middle: Hillcrest; High: Murray. There are 6 schools within 3 miles of this property. The highest-rated nearby school is Viewmont School with a 58% state performance score (2.6 miles away). School district: Murray.

Question 22

How good are the schools near 246 COTTAGE WOOD, Murray?

Accepted Answer

Of the 6 schools within 3 miles, 6 have state performance data with an average score of 56%.  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 23

What is the internet speed at 246 COTTAGE WOOD, Murray?

Accepted Answer

This property has a broadband score of 100/100 (Excellent). Best available speed: 10000 Mbps download / 10000 Mbps upload. Fiber internet is available at this address. Available providers: AT&T (100 Mbps, Fixed Wireless); Beehive Broadband (1000 Mbps, Fiber); CenturyLink (1000 Mbps, Fiber). Total providers: 15.

Question 24

Is 246 COTTAGE WOOD, Murray 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 25

How does this listing compare to the Murray market?

Accepted Answer

246 COTTAGE WOOD, Murray is listed at $559,000, which is above the Murray median of $525,000 by $34,000. 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 26

How does this price compare to the Utah state average?

Accepted Answer

At $559,000, this property is above the Utah state median of $510,000 by $49,000. 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 27

What is the Propaired intelligence score for 246 COTTAGE WOOD, Murray?

Accepted Answer

This property has a Propaired intelligence score of 49/100, combining deal value (12), recreation access (71), amenity proximity (93), broadband quality (100), and lifestyle features (3 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 28

What heating and cooling systems does 246 COTTAGE WOOD, Murray have?

Accepted Answer

Heating: Forced Air,Gas: Central. 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 29

What type of roof does 246 COTTAGE WOOD, Murray have?

Accepted Answer

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

Question 30

Does 246 COTTAGE WOOD, Murray have a basement?

Accepted Answer

Yes, the basement is described as: Daylight,Full. A daylight basement features windows for natural light, making the space more livable. Check for any signs of moisture or foundation issues during the home inspection.

Question 31

What is 246 COTTAGE WOOD, Murray constructed from?

Accepted Answer

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

Question 32

What type of flooring does 246 COTTAGE WOOD, Murray have?

Accepted Answer

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

Question 33

What are the water and sewer connections for 246 COTTAGE WOOD, Murray?

Accepted Answer

Water source: Culinary. Sewer: Sewer: Connected.   Water is a critical consideration in Utah's arid climate.

Question 34

What shopping and dining is near 246 COTTAGE WOOD, Murray?

Accepted Answer

The nearest restaurant is Domino's (0.4 miles away) and the nearest grocery store is Seoul Market (0.4 miles). Coffee: 7Buddha Tea House and Desserts (0.9 mi). Banking: U.S. Bank (0.7 mi). Overall amenity proximity score: 93/100.

Question 35

What would homeowner's insurance cost for 246 COTTAGE WOOD, 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 $559,000, expect approximately $1,677-$2,795/year ($140-$233/month).   Get multiple quotes — rates vary significantly by insurer.

Question 36

What are the estimated closing costs for 246 COTTAGE WOOD, Murray?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $559,000, expect approximately $11,180-$27,950 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 246 COTTAGE WOOD, Murray?

Accepted Answer

The annual property tax of $1,700 represents an effective rate of 0.30% relative to the list price of $559,000. 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 246 COTTAGE WOOD, Murray?

Accepted Answer

Estimated total monthly housing cost: $3,453. This includes principal & interest ($2,815 at 6.46% with 20% down), property tax ($142/mo), HOA ($310/mo), and estimated insurance (~$186/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 39

Is 246 COTTAGE WOOD, Murray eligible for FHA or VA financing?

Accepted Answer

At $559,000, 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 246 COTTAGE WOOD, Murray?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 3.3%, based on estimated annual rent of $28,325 and a purchase price of $559,000. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 41

Is Murray a good rental market?

Accepted Answer

Estimated monthly rent in Murray is approximately $1,328. 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: 5.1%. Utah's steady population growth continues to drive rental demand.

Question 42

Could 246 COTTAGE WOOD, Murray be a 1031 exchange property?

Accepted Answer

Yes, 246 COTTAGE WOOD, 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 43

How does 246 COTTAGE WOOD, Murray compare to recently sold homes nearby?

Accepted Answer

Based on 10 comparable properties, the median sold price in this area is $414,450. This listing is 35% above the comparable median. It ranks Premium among similar listings by value. The median for this property type specifically is $312,500. Comparable analysis is based on similar size, age, and location.

Question 44

Is the Murray neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 2.3% over the past year. The current Zillow Home Value Index for this area is $538,893. This listing is priced at 104% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 45

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 46

Is 246 COTTAGE WOOD, Murray overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Standard." At 35% above comparable homes, the asking price is above the local median. Verify that premium features justify the price difference. Deal score: 12/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 47

What school district is 246 COTTAGE WOOD, Murray in?

Accepted Answer

This property is in the Murray school district. Assigned elementary: Parkside. Assigned middle: Hillcrest. Assigned high: Murray. 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

How do nearby schools rank statewide?

Accepted Answer

Of the 6 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 49

What parks are near 246 COTTAGE WOOD, Murray?

Accepted Answer

The nearest local park is Millcreek Activity Center Park (0.9 miles away). The nearest state park is This Is The Place Heritage Park (6.3 miles).  Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 50

Is there a golf course near 246 COTTAGE WOOD, Murray?

Accepted Answer

The nearest golf course is Mick Riley Golf Course, 0.9 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 51

What water activities are near 246 COTTAGE WOOD, Murray?

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 52

Is 246 COTTAGE WOOD, Murray move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 53

What updates might 246 COTTAGE WOOD, Murray need?

Accepted Answer

At 30 years old, common updates to consider include: roof replacement (if original), HVAC system update, water heater replacement. Current roof: Asphalt. Current heating: Forced Air,Gas: Central. 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 54

Does 246 COTTAGE WOOD, 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 55

What is the lot like at 246 COTTAGE WOOD, Murray?

Accepted Answer

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

Question 56

What utilities are available at 246 COTTAGE WOOD, Murray?

Accepted Answer

Available utilities include: Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected. Water source: Culinary. Sewer: Sewer: Connected. 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 57

Does 246 COTTAGE WOOD, Murray have natural gas?

Accepted Answer

Yes, this property has natural gas service — the heating system is listed as: Forced Air,Gas: Central. 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 246 COTTAGE WOOD, Murray?

Accepted Answer

The nearest EV charging station is EV Charger, approximately 0.8 miles from the property. With a 2-car garage, installing a home Level 2 EV charger is straightforward — most installations cost $500-$2,000 including the charger. Utah offers a growing EV charging network along major corridors and in urban centers. Convenient public charging is available nearby for supplemental needs.

246 COTTAGE WOOD, Murray, UT 84107

246 E COTTAGE WOOD LN, Murray, UT 84107

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