Question 1

What is the asking price for 1061 500, New Harmony?

Accepted Answer

1061 500, New Harmony is listed at $1,290,000 ($357/sqft).  This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 1061 500, New Harmony have?

Accepted Answer

This Residential features 4 bedrooms, 3 bathrooms, 3,616 square feet of living space. It is a 2-story home. The lot is 5.14 acres.

Question 3

When was 1061 500, New Harmony built?

Accepted Answer

This property was built in 2003, making it 23 years old. Built in the early 2000s, the home benefits from modern construction standards and may have updated systems.

Question 4

What type of property is 1061 500, New Harmony?

Accepted Answer

1061 500, New Harmony is a Residential (Single Family Residence).  It is located in the HARMONY HEIGHTS subdivision. Zoning: Single-Family.

Question 5

Does 1061 500, New Harmony have a garage or parking?

Accepted Answer

Yes, this property includes a 4-car garage and 5 open parking spaces and a carport. Total parking capacity: 10 vehicles.

Question 6

Is there an HOA for 1061 500, New Harmony?

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 7

What are the property taxes for 1061 500, New Harmony?

Accepted Answer

Annual property taxes for this property are approximately $3,652 (about $304/month). This represents an effective tax rate of approximately 0.28% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 1061 500, New Harmony?

Accepted Answer

Interior features include: Bath: Sep. Tub/Shower, Central Vacuum, Closet: Walk-In, Disposal, Jetted Tub. Exterior features include: Basement Entrance, Double Pane Windows, Horse Property, Patio: Covered, Porch: Open. The home has 2 fireplaces. Private pool included. Spa/hot tub included. View: Mountain(s),Valley,View: Red Rock.

Question 9

Is 1061 500, New Harmony a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 25/100.  This analysis considers price relative to comparables, days on market, price reductions, and market conditions.

Question 10

What would the monthly mortgage payment be for 1061 500, New Harmony?

Accepted Answer

At the current 30-year mortgage rate of 6.43% with 20% down, the estimated monthly principal and interest payment is $6,476. Including estimated taxes and HOA fees, the total monthly cost is approximately $6,880. A 15-year mortgage at 5.79% would be $8,592/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 11

How long has 1061 500, New Harmony been on the market?

Accepted Answer

This property has been listed for 0 days. The average days on market in New Harmony is 542 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 12

Is 1061 500, New Harmony a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $54,014 with a gross rental yield of 4.2%. Net rental yield (after estimated expenses): 2.7%.  Estimated debt service coverage ratio (DSCR): 0.61. Investor score: 24/100. These are estimates based on area comparables.

Question 13

What is the estimated rental income for 1061 500, New Harmony?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $4,501 ($54,012/year). The gross rent multiplier is 23.9x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 14

What lifestyle features does 1061 500, New Harmony offer?

Accepted Answer

Propaired's AI has identified 9 lifestyle features for this property: Pool, Equestrian, Cabin/Mountain, Green/Sustainable, Workshop/Maker Space, Hot Tub/Spa, Fixer-Upper, Historic/Character, Large Acreage. The primary lifestyle niche is "vineyard_orchard." These tags are derived from MLS data, property features, and location analysis.

Question 15

Is 1061 500, New Harmony suitable for horses?

Accepted Answer

Yes, this property is tagged as equestrian-friendly. The MLS listing confirms horse keeping is permitted. The 5.14-acre lot provides space for pasture and facilities. Check with the local municipality for any animal keeping permits required.

Question 16

Does 1061 500, New Harmony 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

Is 1061 500, New Harmony 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

How much land comes with 1061 500, New Harmony?

Accepted Answer

This property sits on 5.14 acres.  Horse keeping is possible on this property. Water source: Culinary,Well. Large-acreage properties in Utah may have water rights and mineral rights considerations — verify with a real estate attorney.

Question 19

What schools serve 1061 500, New Harmony?

Accepted Answer

Assigned schools: Elementary: South; Middle: Cedar Middle School; High: Cedar.   School district: Iron.

Question 20

What high school is near 1061 500, New Harmony?

Accepted Answer

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

Question 21

What elementary school is near 1061 500, New Harmony?

Accepted Answer

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

Question 22

What middle school is near 1061 500, New Harmony?

Accepted Answer

The nearest middle school is Cedar Middle School.

Question 23

Is 1061 500, New Harmony 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 24

How does this listing compare to the New Harmony market?

Accepted Answer

1061 500, New Harmony is listed at $1,290,000, which is above the New Harmony median of $1,000,000 by $290,000. There are currently 7 active listings in New Harmony. Homes in New Harmony sell in an average of 542 days. The average sale-to-list ratio is 91.6%.

Question 25

What is the New Harmony real estate market like in 2026?

Accepted Answer

In 2026, the median home price in New Harmony is $1,000,000. There are currently 7 active listings. Homes sell in an average of 542 days. The average sale-to-list ratio is 91.6%. This listing at $1,290,000 is above the New Harmony 2026 median.

Question 26

Are there other homes for sale in New Harmony?

Accepted Answer

Yes — there are currently 7 active listings in New Harmony. Browse all New Harmony homes for sale at propaired.ai/listings/ut/new-harmony. Prices range around a median of $1,000,000. Homes in New Harmony are selling in about 542 days on average.

Question 27

How does this price compare to the Utah state average?

Accepted Answer

At $1,290,000, this property is above the Utah state median of $525,000 by $765,000. New Harmony prices are 90% 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 28

What is the Propaired intelligence score for 1061 500, New Harmony?

Accepted Answer

This property has a Propaired intelligence score of 29/100, combining deal value (25), recreation access (N/A), amenity proximity (N/A), broadband quality (N/A), and lifestyle features (10 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 29

Does 1061 500, New Harmony have energy-efficient or green features?

Accepted Answer

This property has been tagged as green/sustainable, indicating energy-efficient features. Heating: Geothermal. Cooling: Geothermal. Green homes may include solar panels, Energy Star appliances, high-efficiency HVAC, insulated windows, and sustainable building materials. Ask the listing agent for specific energy certifications or efficiency ratings.

Question 30

What heating and cooling systems does 1061 500, New Harmony have?

Accepted Answer

Heating: Geothermal. Cooling: Geothermal. Modern HVAC systems typically last 15-20 years with proper maintenance. Utah's climate ranges from sub-zero winters to 100°F+ summers, making reliable heating and cooling essential.

Question 31

What type of roof does 1061 500, New Harmony have?

Accepted Answer

The roof material is Metal. Metal roofs are highly durable and can last 40-70 years with minimal maintenance. With a 23-year-old home, reviewing recent roof inspections is recommended.

Question 32

Does 1061 500, New Harmony have a basement?

Accepted Answer

Yes, the basement is described as: Daylight,Entrance,Full,Slab,Walk-Out Access. 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 33

What is 1061 500, New Harmony constructed from?

Accepted Answer

Construction materials include: Frame,Stone. Stone construction provides exceptional durability and a premium aesthetic.

Question 34

What type of flooring does 1061 500, New Harmony 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 35

What are the water and sewer connections for 1061 500, New Harmony?

Accepted Answer

Water source: Culinary,Well. Sewer: None,Septic Tank. Properties on well water should have water quality tested annually and the well inspected before purchase. 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 36

What would homeowner's insurance cost for 1061 500, New Harmony?

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 $1,290,000, expect approximately $3,870-$6,450/year ($323-$538/month).   Get multiple quotes — rates vary significantly by insurer.

Question 37

What are the estimated closing costs for 1061 500, New Harmony?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $1,290,000, expect approximately $25,800-$64,500 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 38

How does the property tax compare to the list price at 1061 500, New Harmony?

Accepted Answer

The annual property tax of $3,652 represents an effective rate of 0.28% relative to the list price of $1,290,000. 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 39

What are the total estimated monthly costs for 1061 500, New Harmony?

Accepted Answer

Estimated total monthly housing cost: $7,310. This includes principal & interest ($6,476 at 6.43% with 20% down), property tax ($304/mo), HOA ($100/mo), and estimated insurance (~$430/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 40

Is 1061 500, New Harmony eligible for FHA or VA financing?

Accepted Answer

At $1,290,000, 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.  FHA 203(k) renovation loans may be an option for this property.  Consult a mortgage lender for personalized eligibility.

Question 41

What is the estimated cap rate for 1061 500, New Harmony?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 2.7%, based on estimated annual rent of $54,014 and a purchase price of $1,290,000. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 42

Is New Harmony a good rental market?

Accepted Answer

Estimated monthly rent in New Harmony is approximately $3,941. Homes in New Harmony sell in an average of 542 days, indicating moderate demand in this market. There are 7 active listings currently. Gross rental yield in this area: 4.2%. Utah's steady population growth continues to drive rental demand.

Question 43

Could 1061 500, New Harmony be a 1031 exchange property?

Accepted Answer

Yes, 1061 500, New Harmony 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 44

Is the New Harmony neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 1.1% over the past year. The current Zillow Home Value Index for this area is $789,089. This listing is priced at 164% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 45

What is the price trend in New Harmony?

Accepted Answer

New Harmony's median price has decreased 56.5% month-over-month. Current median: $1,000,000. Days on market have decreased by 39.5% month-over-month. Homes are selling at 91.6% of list price on average. Monitor these trends to time your offer strategically.

Question 46

What school district is 1061 500, New Harmony in?

Accepted Answer

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

Question 47

Is 1061 500, New Harmony move-in ready?

Accepted Answer

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

Question 48

What updates might 1061 500, New Harmony need?

Accepted Answer

At 23 years old, common updates to consider include: HVAC system update. Current roof: Metal. Current heating: Geothermal. 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 49

Does 1061 500, New Harmony 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 50

What is the lot like at 1061 500, New Harmony?

Accepted Answer

The lot is 5.14 acres. Lot features: Corner Lot,Fenced: Part,Road: Unpaved,Secluded,Terrain: Grad Slope,View: Mountain,View: Valley,Wooded,Drip Irrigation: Auto-Part,Private,View: Red Rock. Terrain: Corner Lot, Fenced: Part, Road: Unpaved, Secluded Yard, Terrain, Flat, Terrain: Grad Slope, View: Mountain, View: Valley, Wooded, Drip Irrigation: Auto-Part, Private, View: Red Rock. Views: Mountain(s),Valley,View: Red Rock.  Lot characteristics affect usability, privacy, and future improvement potential.

Question 51

What utilities are available at 1061 500, New Harmony?

Accepted Answer

Available utilities include: Natural Gas Not Available,Electricity Connected,Sewer Not Available,Sewer: Septic Tank,Water Connected. Water source: Culinary,Well. Sewer: None,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.

Question 52

Does 1061 500, New Harmony have solar panels?

Accepted Answer

While this property is tagged as green/sustainable, solar panel details are not explicitly listed. Utah is an excellent state for solar energy with 222+ sunny days per year. Adding solar panels in Utah may qualify for federal tax credits and local incentives. Contact the listing agent for details on any existing energy-efficient systems.

Question 53

Is 1061 500, New Harmony 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 2003, it represents mid-century design elements.  Historic homes may qualify for preservation tax credits. Consider potential limitations on exterior modifications if in a historic district.

1061 500, New Harmony, UT 84757

1061 S 500 E, New Harmony, UT 84757

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