Question 1

What is the asking price for 361 MCMILLAN, Murray?

Accepted Answer

361 MCMILLAN, Murray is listed at $545,000 ($269/sqft). The original list price was $549,000, representing a reduction of $4,000. This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 361 MCMILLAN, Murray have?

Accepted Answer

This Residential features 5 bedrooms, 2 bathrooms, 2,026 square feet of living space. It is a 2-story home. The lot is 0.18 acres.

Question 3

When was 361 MCMILLAN, Murray built?

Accepted Answer

This property was built in 1951, making it 75 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 361 MCMILLAN, Murray?

Accepted Answer

361 MCMILLAN, Murray is a Residential (Single Family Residence). The architectural style is Rambler/Ranch. It is located in the MURRAY HEIGHTS EAST subdivision. Zoning: Single-Family.

Question 5

Does 361 MCMILLAN, Murray have a garage or parking?

Accepted Answer

Yes, this property includes 5 open parking spaces and a carport. Total parking capacity: 7 vehicles. The property also accommodates RV parking.

Question 6

Is there an HOA for 361 MCMILLAN, 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 7

What are the property taxes for 361 MCMILLAN, Murray?

Accepted Answer

Annual property taxes for this property are approximately $1,954 (about $163/month). This represents an effective tax rate of approximately 0.36% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 361 MCMILLAN, Murray?

Accepted Answer

Exterior features include: Double Pane Windows, Out Buildings, Storm Doors. The home has 1 fireplace.   View: Mountain(s).

Question 9

Is 361 MCMILLAN, 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 43/100. Key deal signals: Priced 8% below similar homes; Priced 23% below market median (per-type). The price is 8% below 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 $592,000 (based on 10 homes). At $545,000, this listing is 8% below the median for comparable homes. It ranks #Fair Price among similar listings by value.

Question 11

Has the price been reduced on 361 MCMILLAN, Murray?

Accepted Answer

Yes, the price has been reduced by 0.7% from the original list price of $549,000 to the current price of $545,000 — a reduction of $4,000. Price reductions can indicate seller motivation or market adjustment.

Question 12

What would the monthly mortgage payment be for 361 MCMILLAN, Murray?

Accepted Answer

At the current 30-year mortgage rate of 6.46% with 20% down, the estimated monthly principal and interest payment is $2,744. Including estimated taxes, the total monthly cost is approximately $2,907. A 15-year mortgage at 5.77% would be $3,625/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 13

How long has 361 MCMILLAN, Murray been on the market?

Accepted Answer

This property has been listed for 19 days. The average days on market in Murray is 71 days, meaning this listing is moving faster than the local average.

Question 14

Is 361 MCMILLAN, Murray a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $21,349 with a gross rental yield of 3.9%. Net rental yield (after estimated expenses): 2.5%.  Estimated debt service coverage ratio (DSCR): 0.49. Investor score: 47/100. These are estimates based on area comparables.

Question 15

What is the estimated rental income for 361 MCMILLAN, Murray?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $1,779 ($21,348/year). The gross rent multiplier is 25.5x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 16

What lifestyle features does 361 MCMILLAN, Murray offer?

Accepted Answer

Propaired's AI has identified 3 lifestyle features for this property: RV-Friendly, Historic/Character, New Construction. The primary lifestyle niche is "new_construction." These tags are derived from MLS data, property features, and location analysis.

Question 17

Is 361 MCMILLAN, Murray new construction?

Accepted Answer

Yes, this is a new construction property built in 1951. New construction in Utah typically includes modern energy codes, current building standards, builder warranties, and contemporary finishes.  Review the builder warranty terms and any remaining items on the builder punch list.

Question 18

What recreation is near 361 MCMILLAN, Murray?

Accepted Answer

This property has a recreation score of 65/100. Nearby recreation includes: Arrowhead Park trailhead (1.9 mi); Valley Park park (0.7 mi); Mick Riley Golf Course (1.1 mi); This Is The Place Heritage Park (8.1 mi). Skiing: Snowbird Ski and Summer Resort (12.4 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 19

Are there hiking trails near 361 MCMILLAN, Murray?

Accepted Answer

Yes, the nearest trailhead is Arrowhead Park, just 1.9 miles from the property. This Is The Place Heritage Park is 8.1 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 20

What amenities and services are near 361 MCMILLAN, Murray?

Accepted Answer

This property has an amenity proximity score of 99/100. Nearby services include: Grocery: 7-Eleven (0.3 mi); Hospital: Midvalley Medical (0.1 mi); Pharmacy: Sam's Club Pharmacy (1.1 mi); Dining: Gaetano's Sub Shop (0.3 mi). Gas station: 0.3 miles. Gym: Park Center in Murray (0.9 mi).

Question 21

How far is the nearest hospital from 361 MCMILLAN, Murray?

Accepted Answer

The nearest hospital is Midvalley Medical, approximately 0.1 miles from the property. The nearest fire station is 1.1 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 22

What schools serve 361 MCMILLAN, Murray?

Accepted Answer

Assigned schools: Elementary: McMillan; Middle: Hillcrest; High: Murray.   School district: Murray.

Question 23

What is the internet speed at 361 MCMILLAN, 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: 14.

Question 24

Is 361 MCMILLAN, 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

361 MCMILLAN, Murray is listed at $545,000, which is above the Murray median of $525,000 by $20,000. 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 $545,000, this property is above the Utah state median of $510,000 by $35,000. 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 361 MCMILLAN, Murray?

Accepted Answer

This property has a Propaired intelligence score of 60/100, combining deal value (43), recreation access (65), amenity proximity (99), 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 361 MCMILLAN, 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 361 MCMILLAN, Murray have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 75-year-old home, reviewing recent roof inspections is recommended.

Question 30

Does 361 MCMILLAN, Murray have a basement?

Accepted Answer

Yes, the basement is described as: Partial,Shelf. 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 31

What is 361 MCMILLAN, Murray constructed from?

Accepted Answer

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

Question 32

What type of flooring does 361 MCMILLAN, Murray have?

Accepted Answer

Flooring types include: Carpet,Laminate.   Carpeted areas provide warmth and comfort, especially in bedrooms.

Question 33

What are the water and sewer connections for 361 MCMILLAN, 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 361 MCMILLAN, Murray?

Accepted Answer

The nearest restaurant is Gaetano's Sub Shop (0.3 miles away) and the nearest grocery store is 7-Eleven (0.3 miles). Coffee: Beans & Brews Coffee House (0.4 mi). Banking: Zions Bank (0.4 mi). Overall amenity proximity score: 99/100.

Question 35

What would homeowner's insurance cost for 361 MCMILLAN, 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 $545,000, expect approximately $1,635-$2,725/year ($136-$227/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 361 MCMILLAN, Murray?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $545,000, expect approximately $10,900-$27,250 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 361 MCMILLAN, Murray?

Accepted Answer

The annual property tax of $1,954 represents an effective rate of 0.36% relative to the list price of $545,000. 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 361 MCMILLAN, Murray?

Accepted Answer

Estimated total monthly housing cost: $3,089. This includes principal & interest ($2,744 at 6.46% with 20% down), property tax ($163/mo), and estimated insurance (~$182/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 39

Is 361 MCMILLAN, Murray eligible for FHA or VA financing?

Accepted Answer

At $545,000, 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 361 MCMILLAN, Murray?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 2.5%, based on estimated annual rent of $21,349 and a purchase price of $545,000. 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: 3.9%. Utah's steady population growth continues to drive rental demand.

Question 42

Could 361 MCMILLAN, Murray be a 1031 exchange property?

Accepted Answer

Yes, 361 MCMILLAN, 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 361 MCMILLAN, Murray compare to recently sold homes nearby?

Accepted Answer

Based on 10 comparable properties, the median sold price in this area is $592,000. This listing is 8% below the comparable median. It ranks Fair Price among similar listings by value. The median for this property type specifically is $709,900. 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 101% 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 361 MCMILLAN, Murray overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Great Deal (vs Market)." At 8% below comparable homes, this property appears competitively priced. Deal score: 43/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 47

What school district is 361 MCMILLAN, Murray in?

Accepted Answer

This property is in the Murray school district. Assigned elementary: McMillan. 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

What parks are near 361 MCMILLAN, Murray?

Accepted Answer

The nearest local park is Valley Park (0.7 miles away). The nearest state park is This Is The Place Heritage Park (8.1 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 361 MCMILLAN, Murray?

Accepted Answer

The nearest golf course is Mick Riley Golf Course, 1.1 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 361 MCMILLAN, Murray?

Accepted Answer

Water recreation near this property includes: Jordanelle Reservoir (24.5 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 361 MCMILLAN, Murray move-in ready?

Accepted Answer

As new construction, this home is expected to be move-in ready with modern finishes and warranties.

Question 52

What updates might 361 MCMILLAN, Murray need?

Accepted Answer

At 75 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,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 53

Does 361 MCMILLAN, 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 54

What is the lot like at 361 MCMILLAN, Murray?

Accepted Answer

The lot is 0.18 acres. Lot features: Corner Lot,Curb & Gutter,Fenced: Part,Road: Paved,Secluded,Sidewalks,View: Mountain,Private. Terrain: Corner Lot, Curb & Gutter, Fenced: Part, Road: Paved, Secluded Yard, Sidewalks, Terrain, Flat, View: Mountain, Private. Views: Mountain(s).  Lot characteristics affect usability, privacy, and future improvement potential.

Question 55

What utilities are available at 361 MCMILLAN, 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 56

Does 361 MCMILLAN, 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 57

Is there EV charging near 361 MCMILLAN, Murray?

Accepted Answer

The nearest EV charging station is EV Charger, approximately 0.8 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.

Question 58

Is 361 MCMILLAN, Murray a historic or character home?

Accepted Answer

This property has been identified as a historic or character home, meaning it features distinctive architectural details, craftsmanship, or historical significance. Built in 1951, it represents mid-century design elements. Architectural style: Rambler/Ranch. Historic homes may qualify for preservation tax credits. Consider potential limitations on exterior modifications if in a historic district.

Question 59

Can I park an RV or boat at 361 MCMILLAN, Murray?

Accepted Answer

Yes, this property is tagged as RV-friendly, accommodating RV, boat, or trailer parking. The 0.18-acre lot provides ample space.  RV parking capability is a sought-after feature in Utah given the state's proximity to national parks, lakes, and outdoor recreation. Verify any HOA restrictions on RV/boat parking if applicable.

361 MCMILLAN, Murray, UT 84107

361 E MCMILLAN LN, Murray, UT 84107

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