Question 1

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

Accepted Answer

1940 PROSPECTOR, Park City is listed at $285,000 ($1140/sqft). The original list price was $292,000, representing a reduction of $7,000. 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; Studio.  Zoning: Short Term Rental Allowed.

Question 5

Does 1940 PROSPECTOR, Park City have a garage or parking?

Accepted Answer

Yes, this property includes 1 open parking space. Total parking capacity: 1 vehicles.

Question 6

Is there an HOA for 1940 PROSPECTOR, Park City?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $286 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

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

Accepted Answer

Annual property taxes for this property are approximately $1,400 (about $117/month). This represents an effective tax rate of approximately 0.49% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 1940 PROSPECTOR, Park City?

Accepted Answer

Interior features include: Range: Countertop.   Private pool included. Spa/hot tub included.

Question 9

Is 1940 PROSPECTOR, Park City a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 50/100. The price is 2% 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 Park City?

Accepted Answer

The median price for similar properties in the area is $292,000 (based on 10 homes). At $285,000, this listing is 2% below the median for comparable homes. It ranks #Fair Price among similar listings by value.

Question 11

Has the price been reduced on 1940 PROSPECTOR, Park City?

Accepted Answer

Yes, the price has been reduced by 2.4% from the original list price of $292,000 to the current price of $285,000 — a reduction of $7,000. Price reductions can indicate seller motivation or market adjustment.

Question 12

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

Accepted Answer

At the current 30-year mortgage rate of 6.52% with 20% down, the estimated monthly principal and interest payment is $1,444. Including estimated taxes and HOA fees, the total monthly cost is approximately $1,847. A 15-year mortgage at 5.84% would be $1,904/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 13

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

Accepted Answer

This property has been listed for 54 days. The average days on market in Park City is 82 days, meaning this listing is moving faster than the local average.

Question 14

Is 1940 PROSPECTOR, Park City a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $15,624 with a gross rental yield of 5.5%. Net rental yield (after estimated expenses): 3.6%.  Estimated debt service coverage ratio (DSCR): 0.79. Investor score: 27/100. These are estimates based on area comparables.

Question 15

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 $1,302 ($15,624/year). The gross rent multiplier is 18.2x (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 1940 PROSPECTOR, Park City offer?

Accepted Answer

Propaired's AI has identified 5 lifestyle features for this property: Pool, Near Ski Resort, Gated Community, Hot Tub/Spa, Master-Planned Community. The primary lifestyle niche is "str_potential." These tags are derived from MLS data, property features, and location analysis.

Question 17

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 18

Does 1940 PROSPECTOR, Park City 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 19

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 20

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 21

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

Accepted Answer

This property has an amenity proximity score of 67/100. Nearby services include: Grocery: Anaya's Market Park City (4.9 mi); Hospital: Intermountain Health Park City Hospital (2.2 mi); Pharmacy: Ridley's Pharmacy #1171 (10.5 mi); Dining: Molina's Mexican Kitchen (3.4 mi). Gas station: 4.0 miles. Gym: Park City Fit (2.5 mi).

Question 22

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

Accepted Answer

The nearest hospital is Intermountain Health Park City Hospital, approximately 2.2 miles from the property. The nearest fire station is 4.4 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 23

What schools serve 1940 PROSPECTOR, Park City?

Accepted Answer

Assigned schools: Elementary: McPolin; Middle: Treasure Mt; High: Park City. There are 1 schools within 3 miles of this property. The highest-rated nearby school is Park City High with a 64% state performance score (0.3 miles away). School district: Park City.

Question 24

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 25

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 26

What middle school is near 1940 PROSPECTOR, Park City?

Accepted Answer

The nearest middle school is Treasure Mt.

Question 27

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 28

Is 1940 PROSPECTOR, Park City 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 29

How does this listing compare to the Park City market?

Accepted Answer

1940 PROSPECTOR, Park City is listed at $285,000, which is below the Park City median of $1,900,000 by $1,615,000. There are currently 549 active listings in Park City. Homes in Park City sell in an average of 82 days. The average sale-to-list ratio is 97.3%.

Question 30

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

Accepted Answer

In 2026, the median home price in Park City is $1,900,000. There are currently 549 active listings. Homes sell in an average of 82 days. The average sale-to-list ratio is 97.3%. This listing at $285,000 is below the Park City 2026 median.

Question 31

Are there other homes for sale in Park City?

Accepted Answer

Yes — there are currently 549 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 $1,900,000. Homes in Park City are selling in about 82 days on average.

Question 32

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 33

How does this price compare to the Utah state average?

Accepted Answer

At $285,000, this property is below the Utah state median of $522,000 by $237,000. Park City prices are 264% 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 34

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

Accepted Answer

This property has a Propaired intelligence score of 59/100, combining deal value (50), recreation access (77), amenity proximity (67), broadband quality (100), and lifestyle features (5 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 35

What heating and cooling systems does 1940 PROSPECTOR, Park City have?

Accepted Answer

Heating: Electric. Cooling: Natural Ventilation. 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 36

What type of roof does 1940 PROSPECTOR, Park City have?

Accepted Answer

The roof material is Asbestos Shingle. Asphalt shingles typically last 20-30 years in Utah's climate. With a 38-year-old home, reviewing recent roof inspections is recommended.

Question 37

What is 1940 PROSPECTOR, Park City constructed from?

Accepted Answer

Construction materials include: Clapboard/Masonite. The construction type affects long-term maintenance requirements and insurance costs.

Question 38

What type of flooring does 1940 PROSPECTOR, Park City 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 39

What are the water and sewer connections for 1940 PROSPECTOR, Park City?

Accepted Answer

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

Question 40

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 41

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

Accepted Answer

The nearest restaurant is Molina's Mexican Kitchen (3.4 miles away) and the nearest grocery store is Anaya's Market Park City (4.9 miles). Coffee: Silver King Café (2.2 mi). Banking: Zions First National Bank (2.2 mi). Overall amenity proximity score: 67/100.

Question 42

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 43

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 $285,000, expect approximately $855-$1,425/year ($71-$119/month).   Get multiple quotes — rates vary significantly by insurer.

Question 44

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 $285,000, expect approximately $5,700-$14,250 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 45

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

Accepted Answer

The annual property tax of $1,400 represents an effective rate of 0.49% relative to the list price of $285,000. 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 46

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

Accepted Answer

Estimated total monthly housing cost: $1,942. This includes principal & interest ($1,444 at 6.52% with 20% down), property tax ($117/mo), HOA ($286/mo), and estimated insurance (~$95/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 47

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

Accepted Answer

At $285,000, 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 48

What is the estimated cap rate for 1940 PROSPECTOR, Park City?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 3.6%, based on estimated annual rent of $15,624 and a purchase price of $285,000. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 49

Is Park City a good rental market?

Accepted Answer

Estimated monthly rent in Park City is approximately $938. Homes in Park City sell in an average of 82 days, indicating moderate demand in this market. There are 549 active listings currently. Gross rental yield in this area: 5.5%. Utah's steady population growth continues to drive rental demand.

Question 50

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 51

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 $292,000. This listing is 2% below the comparable median. It ranks Fair Price among similar listings by value. The median for this property type specifically is $799,900. Comparable analysis is based on similar size, age, and location.

Question 52

Is the Park City neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have decreased 2.2% over the past year. The current Zillow Home Value Index for this area is $110,814. This listing is priced at 257% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 53

What is the price trend in Park City?

Accepted Answer

Park City's median price has decreased 4.7% month-over-month. Current median: $1,900,000. Days on market have increased by 65.3% month-over-month. Homes are selling at 97.3% of list price on average. Monitor these trends to time your offer strategically.

Question 54

Is 1940 PROSPECTOR, Park City overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Standard." The asking price is within 5% of the comparable median, indicating market-appropriate pricing. Deal score: 50/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 55

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: Treasure Mt. 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 56

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 57

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 58

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 59

Is 1940 PROSPECTOR, Park City move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 60

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. Current roof: Asbestos Shingle. Current heating: Electric. 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 61

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 62

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 63

What utilities are available at 1940 PROSPECTOR, Park City?

Accepted Answer

Available utilities include: Natural Gas Not Available,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 64

Is there EV charging near 1940 PROSPECTOR, Park City?

Accepted Answer

The nearest EV charging station is Blink Charging Station, approximately 2.1 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 #207, Park City, UT 84060

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Amenities NearbyScore: 67/100

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