Question 1

What is the asking price for this property, Parowan?

Accepted Answer

this property, Parowan is listed at $5,250,000.  Current status: Pending.

Question 2

What type of property is this property, Parowan?

Accepted Answer

this property, Parowan is a Farm.   Zoning: Agricultural.

Question 3

Is there an HOA for this property, Parowan?

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 4

What are the property taxes for this property, Parowan?

Accepted Answer

Annual property taxes for this property are approximately $7,502 (about $625/month). This represents an effective tax rate of approximately 0.14% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 5

What are the key features of this property, Parowan?

Accepted Answer

Exterior features include: Barn, Corral(s).

Question 6

How long has this property, Parowan been on the market?

Accepted Answer

This property has been listed for 71 days. The average days on market in Parowan is 50 days, meaning this listing is taking longer than the local average. Extended time on market may present negotiation opportunities for buyers.

Question 7

Is this property, Parowan suitable for horses?

Accepted Answer

Yes, this property is tagged as equestrian-friendly. The MLS listing confirms horse keeping is permitted. The 632.84-acre lot provides space for pasture and facilities. Check with the local municipality for any animal keeping permits required.

Question 8

How does this listing compare to the Parowan market?

Accepted Answer

this property, Parowan is listed at $5,250,000, which is above the Parowan median of $299,000 by $4,951,000. There are currently 11 active listings in Parowan. Homes in Parowan sell in an average of 50 days. The average sale-to-list ratio is 99.3%.

Question 9

What is the Parowan real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Parowan is $299,000. There are currently 11 active listings. Homes sell in an average of 50 days. The average sale-to-list ratio is 99.3%. This listing at $5,250,000 is above the Parowan 2026 median.

Question 10

Are there other homes for sale in Parowan?

Accepted Answer

Yes — there are currently 11 active listings in Parowan. Browse all Parowan homes for sale at propaired.ai/listings/ut/parowan. Prices range around a median of $299,000. Homes in Parowan are selling in about 50 days on average.

Question 11

How does this price compare to the Utah state average?

Accepted Answer

At $5,250,000, this property is above the Utah state median of $525,000 by $4,725,000. Parowan prices are 43% below the state average. Utah's housing market varies significantly by region — front-range cities near SLC are typically more expensive than rural areas.

Question 12

What would homeowner's insurance cost for this property, Parowan?

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 $5,250,000, expect approximately $15,750-$26,250/year ($1,313-$2,188/month).   Get multiple quotes — rates vary significantly by insurer.

Question 13

What are the estimated closing costs for this property, Parowan?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $5,250,000, expect approximately $105,000-$262,500 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 14

How does the property tax compare to the list price at this property, Parowan?

Accepted Answer

The annual property tax of $7,502 represents an effective rate of 0.14% relative to the list price of $5,250,000. 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 15

Is this property, Parowan eligible for FHA or VA financing?

Accepted Answer

At $5,250,000, 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 16

Could this property, Parowan be a 1031 exchange property?

Accepted Answer

Yes, this property, Parowan 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 17

What is the price trend in Parowan?

Accepted Answer

Parowan's median price has decreased 60.6% month-over-month. Current median: $299,000. Days on market have increased by 536.4% month-over-month. Homes are selling at 99.3% of list price on average. Monitor these trends to time your offer strategically.

Question 18

Is this property, Parowan move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 19

Does this property, Parowan 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 20

What is the lot like at this property, Parowan?

Accepted Answer

The lot is 632.84 acres. Lot features: Fenced: Part.    Lot characteristics affect usability, privacy, and future improvement potential.

, Parowan, UT 84761

Parowan, UT, 84761

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