Question 1

What is the asking price for 1940 PROSPECTOR, Park City?

Accepted Answer

1940 PROSPECTOR, Park City is listed at $295,000 ($1180/sqft).  This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 1940 PROSPECTOR, Park City have?

Accepted Answer

This Residential features 1 bathroom, 250 square feet of living space. It is a 1-story home. The lot is 0.01 acres.

Question 3

When was 1940 PROSPECTOR, Park City built?

Accepted Answer

This property was built in 1988, making it 38 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 1940 PROSPECTOR, Park City?

Accepted Answer

1940 PROSPECTOR, Park City is a Residential (Condominium). The architectural style is Condo; Top Level. It is located in the CARRIAGE HOUSE CONDOMINIUMS subdivision.

Question 5

Is there an HOA for 1940 PROSPECTOR, Park City?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $245 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 6

What are the property taxes for 1940 PROSPECTOR, Park City?

Accepted Answer

Annual property taxes for this property are approximately $720 (about $60/month). This represents an effective tax rate of approximately 0.24% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 7

Is 1940 PROSPECTOR, Park City a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Great Deal (vs Market)" with a deal score of 100/100. Key deal signals: Priced 8% below similar homes; Priced 65% 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 8

How does this price compare to similar homes in Park City?

Accepted Answer

The median price for similar properties in the area is $320,000 (based on 10 homes). At $295,000, this listing is 8% below the median for comparable homes. It ranks #Fair Price among similar listings by value.

Question 9

What would the monthly mortgage payment be for 1940 PROSPECTOR, Park City?

Accepted Answer

At the current 30-year mortgage rate of 6.30% with 20% down, the estimated monthly principal and interest payment is $1,461. Including estimated taxes and HOA fees, the total monthly cost is approximately $1,766. A 15-year mortgage at 5.65% would be $1,947/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 10

How long has 1940 PROSPECTOR, Park City been on the market?

Accepted Answer

This property has been listed for 21 days. The average days on market in Park City is 95 days, meaning this listing is moving faster than the local average.

Question 11

Is 1940 PROSPECTOR, Park City a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $19,249 with a gross rental yield of 6.5%. Net rental yield (after estimated expenses): 4.2%.  Estimated debt service coverage ratio (DSCR): 0.97. Investor score: 59/100. These are estimates based on area comparables.

Question 12

What is the estimated rental income for 1940 PROSPECTOR, Park City?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $1,604 ($19,248/year). The gross rent multiplier is 15.3x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 13

What lifestyle features does 1940 PROSPECTOR, Park City offer?

Accepted Answer

Propaired's AI has identified 5 lifestyle features for this property: ADU/Multigenerational, Near Ski Resort, Scenic Views, Hot Tub/Spa, Investor Special. The primary lifestyle niche is "investor_special." These tags are derived from MLS data, property features, and location analysis.

Question 14

Is 1940 PROSPECTOR, Park City near skiing?

Accepted Answer

Yes, this property is close to skiing. Deer Valley Resort is 3.5 miles away. Utah's world-class resorts offer 500+ inches of annual snowfall and "The Greatest Snow on Earth."

Question 15

What recreation is near 1940 PROSPECTOR, Park City?

Accepted Answer

This property has a recreation score of 77/100. Nearby recreation includes: Rail Trail (Bonanza) trailhead (0.2 mi); Ball Park park (0.4 mi); Park Meadows Country Club (1.0 mi); Historic Union Pacific Rail Trail SP (1.2 mi). Skiing: Deer Valley Resort (3.5 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 16

Are there hiking trails near 1940 PROSPECTOR, Park City?

Accepted Answer

Yes, the nearest trailhead is Rail Trail (Bonanza), just 0.2 miles from the property. Historic Union Pacific Rail Trail SP is 1.2 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 17

What amenities and services are near 1940 PROSPECTOR, Park City?

Accepted Answer

This property has an amenity proximity score of 86/100. Nearby services include: Grocery: 7-Eleven (0.2 mi); Hospital: Intermountain Health Park City Hospital (2.3 mi); Pharmacy: Ridley's Pharmacy #1171 (10.4 mi); Dining: Pretty Bird Hot Chicken (0.1 mi). Gas station: 4.1 miles. Gym: Park City Mountain Resort (0.9 mi).

Question 18

How far is the nearest hospital from 1940 PROSPECTOR, Park City?

Accepted Answer

The nearest hospital is Intermountain Health Park City Hospital, approximately 2.3 miles from the property. The nearest fire station is 2.7 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 19

What schools serve 1940 PROSPECTOR, Park City?

Accepted Answer

Assigned schools: Elementary: McPolin; Middle: Ecker Hill; High: Park City.   School district: Park City.

Question 20

What high school is near 1940 PROSPECTOR, Park City?

Accepted Answer

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

Question 21

What elementary school is near 1940 PROSPECTOR, Park City?

Accepted Answer

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

Question 22

What middle school is near 1940 PROSPECTOR, Park City?

Accepted Answer

The nearest middle school is Ecker Hill.

Question 23

What is the internet speed at 1940 PROSPECTOR, Park City?

Accepted Answer

This property has a broadband score of 100/100 (Excellent). Best available speed: 2000 Mbps download / 1000 Mbps upload. Fiber internet is available at this address. Available providers: AT&T (100 Mbps, Fixed Wireless); AT&T (25 Mbps, Fixed Wireless); All West/Utah Inc. (1000 Mbps, Fiber). Total providers: 10.

Question 24

Is 1940 PROSPECTOR, Park City in a flood zone?

Accepted Answer

Yes, this property is in a FEMA Special Flood Hazard Area (SFHA). FEMA flood zone: AE. Flood insurance IS required for this property by most lenders.  Always verify current FEMA maps as they are periodically updated.

Question 25

How does this listing compare to the Park City market?

Accepted Answer

1940 PROSPECTOR, Park City is listed at $295,000, which is below the Park City median of $1,999,999 by $1,704,999. There are currently 466 active listings in Park City. Homes in Park City sell in an average of 95 days. The average sale-to-list ratio is 97.1%.

Question 26

What is the Park City real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Park City is $1,999,999. There are currently 466 active listings. Homes sell in an average of 95 days. The average sale-to-list ratio is 97.1%. This listing at $295,000 is below the Park City 2026 median.

Question 27

Are there other homes for sale in Park City?

Accepted Answer

Yes — there are currently 466 active listings in Park City. Browse all Park City homes for sale at propaired.ai/listings/ut/park-city. Prices range around a median of $1,999,999. Homes in Park City are selling in about 95 days on average.

Question 28

What is the Park City neighborhood like?

Accepted Answer

World-class ski resort town. Upscale, excellent schools, second homes, Olympics heritage, outdoor recreation paradise. Higher cost of living. Park City is known for: ski-access, upscale, outdoor-recreation, resort-town. Population: approximately 8,000. Explore the full Park City market data and community guide on Propaired.

Question 29

How does this price compare to the Utah state average?

Accepted Answer

At $295,000, this property is below the Utah state median of $510,000 by $215,000. Park City prices are 292% 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 30

What is the Propaired intelligence score for 1940 PROSPECTOR, Park City?

Accepted Answer

This property has a Propaired intelligence score of 79/100, combining deal value (100), recreation access (77), amenity proximity (86), broadband quality (100), and lifestyle features (5 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 31

Does 1940 PROSPECTOR, Park City 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 32

What is the commute like from 1940 PROSPECTOR, Park City?

Accepted Answer

1940 PROSPECTOR, Park City is located in Park City, in the Wasatch Front region of Utah. With a population of approximately 8,000, Park City has good transportation access. Commute times vary by destination — most Wasatch Front cities are within 30-60 minutes of downtown Salt Lake City via I-15. Consider rush-hour traffic patterns when evaluating this location.

Question 33

What shopping and dining is near 1940 PROSPECTOR, Park City?

Accepted Answer

The nearest restaurant is Pretty Bird Hot Chicken (0.1 miles away) and the nearest grocery store is 7-Eleven (0.2 miles). Coffee: Salt Box (0.1 mi). Banking: Wells Fargo Bank (0.3 mi). Overall amenity proximity score: 86/100.

Question 34

What is the Park City community like?

Accepted Answer

Park City is known for: ski-access, upscale, outdoor-recreation, resort-town, excellent-schools. The city has approximately 8,000 residents. The median home price in Park City is $2,500,000. Explore the full Park City community profile on Propaired for detailed neighborhood insights.

Question 35

What would homeowner's insurance cost for 1940 PROSPECTOR, Park City?

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 $295,000, expect approximately $885-$1,475/year ($74-$123/month). Flood insurance is also required for this property, adding approximately $500-$2,000/year.  Get multiple quotes — rates vary significantly by insurer.

Question 36

What are the estimated closing costs for 1940 PROSPECTOR, Park City?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $295,000, expect approximately $5,900-$14,750 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 37

How does the property tax compare to the list price at 1940 PROSPECTOR, Park City?

Accepted Answer

The annual property tax of $720 represents an effective rate of 0.24% relative to the list price of $295,000. 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 1940 PROSPECTOR, Park City?

Accepted Answer

Estimated total monthly housing cost: $1,864. This includes principal & interest ($1,461 at 6.30% with 20% down), property tax ($60/mo), HOA ($245/mo), and estimated insurance (~$98/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 39

Is 1940 PROSPECTOR, Park City eligible for FHA or VA financing?

Accepted Answer

At $295,000, this property is likely within FHA loan limits for most Utah counties. 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 1940 PROSPECTOR, Park City?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 4.2%, based on estimated annual rent of $19,249 and a purchase price of $295,000. A cap rate of 4-6% is typical for residential properties in growing Utah markets.

Question 41

Is Park City a good rental market?

Accepted Answer

Estimated monthly rent in Park City is approximately $1,155. Homes in Park City sell in an average of 95 days, indicating moderate demand in this market. There are 466 active listings currently. Gross rental yield in this area: 6.5%. Utah's steady population growth continues to drive rental demand.

Question 42

Could 1940 PROSPECTOR, Park City be a 1031 exchange property?

Accepted Answer

Yes, 1940 PROSPECTOR, Park City 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 1940 PROSPECTOR, Park City compare to recently sold homes nearby?

Accepted Answer

Based on 10 comparable properties, the median sold price in this area is $320,000. 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 $850,000. Comparable analysis is based on similar size, age, and location.

Question 44

Is the Park City neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 2.9% over the past year. The current Zillow Home Value Index for this area is $1,535,531. This listing is priced at 19% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 45

What is the price trend in Park City?

Accepted Answer

Park City's median price has increased 14.5% month-over-month. Current median: $1,999,999. Days on market have increased by 13.1% month-over-month. Homes are selling at 97.1% of list price on average. Monitor these trends to time your offer strategically.

Question 46

Is 1940 PROSPECTOR, Park City 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: 100/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 47

What school district is 1940 PROSPECTOR, Park City in?

Accepted Answer

This property is in the Park City school district. Assigned elementary: McPolin. Assigned middle: Ecker Hill. Assigned high: Park City. 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 1940 PROSPECTOR, Park City?

Accepted Answer

The nearest local park is Ball Park (0.4 miles away). The nearest state park is Historic Union Pacific Rail Trail SP (1.2 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 1940 PROSPECTOR, Park City?

Accepted Answer

The nearest golf course is Park Meadows Country Club, 1.0 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 1940 PROSPECTOR, Park City?

Accepted Answer

Water recreation near this property includes: Jordanelle Reservoir (5.9 mi); boat ramp at Jordanelle State Park-Hailstone North (4.9 mi); fishing at Weber River (17.0 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 1940 PROSPECTOR, Park City move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 52

What updates might 1940 PROSPECTOR, Park City need?

Accepted Answer

At 38 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 53

Does 1940 PROSPECTOR, Park City 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 1940 PROSPECTOR, Park City?

Accepted Answer

The lot is 0.01 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

Question 55

Is there EV charging near 1940 PROSPECTOR, Park City?

Accepted Answer

The nearest EV charging station is ClipperCreek, approximately 0.7 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.

1940 PROSPECTOR, Park City, UT 84060

1940 PROSPECTOR AVE #408, Park City, UT 84060

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