Question 1

What is the asking price for 757 1040, Payson?

Accepted Answer

757 1040, Payson is listed at $2,999,999.  This listing is currently active and available for showings.

Question 2

When was 757 1040, Payson built?

Accepted Answer

This property was built in 2017, making it 9 years old. Built in the early 2000s, the home benefits from modern construction standards and may have updated systems.

Question 3

What type of property is 757 1040, Payson?

Accepted Answer

757 1040, Payson is a Commercial Sale (Office).  It is located in the PAYSON PROFESSIONAL PLAZA CONDOS subdivision. Zoning: Commercial.

Question 4

Is there an HOA for 757 1040, Payson?

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 5

What are the property taxes for 757 1040, Payson?

Accepted Answer

Annual property taxes for this property are approximately $14,312 (about $1,193/month). This represents an effective tax rate of approximately 0.48% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 6

How long has 757 1040, Payson been on the market?

Accepted Answer

This property has been listed for 59 days. The average days on market in Payson is 71 days, meaning this listing is moving faster than the local average.

Question 7

How does this listing compare to the Payson market?

Accepted Answer

757 1040, Payson is listed at $2,999,999, which is above the Payson median of $490,000 by $2,509,999. There are currently 88 active listings in Payson. Homes in Payson sell in an average of 71 days. The average sale-to-list ratio is 99.5%.

Question 8

What is the Payson real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Payson is $490,000. There are currently 88 active listings. Homes sell in an average of 71 days. The average sale-to-list ratio is 99.5%. This listing at $2,999,999 is above the Payson 2026 median.

Question 9

Are there other homes for sale in Payson?

Accepted Answer

Yes — there are currently 88 active listings in Payson. Browse all Payson homes for sale at propaired.ai/listings/ut/payson. Prices range around a median of $490,000. Homes in Payson are selling in about 71 days on average.

Question 10

How does this price compare to the Utah state average?

Accepted Answer

At $2,999,999, this property is above the Utah state median of $510,000 by $2,489,999. Payson prices are 4% 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 11

What would homeowner's insurance cost for 757 1040, Payson?

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 $2,999,999, expect approximately $9,000-$15,000/year ($750-$1,250/month).   Get multiple quotes — rates vary significantly by insurer.

Question 12

What are the estimated closing costs for 757 1040, Payson?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $2,999,999, expect approximately $60,000-$150,000 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 13

How does the property tax compare to the list price at 757 1040, Payson?

Accepted Answer

The annual property tax of $14,312 represents an effective rate of 0.48% relative to the list price of $2,999,999. 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 14

Is 757 1040, Payson eligible for FHA or VA financing?

Accepted Answer

At $2,999,999, 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 15

Could 757 1040, Payson be a 1031 exchange property?

Accepted Answer

Yes, 757 1040, Payson 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 16

What is the price trend in Payson?

Accepted Answer

Payson's median price has increased 13.1% month-over-month. Current median: $490,000. Days on market have decreased by 25.2% month-over-month. Homes are selling at 99.5% of list price on average. Monitor these trends to time your offer strategically.

Question 17

Is 757 1040, Payson move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 18

Does 757 1040, Payson 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 19

What is the lot like at 757 1040, Payson?

Accepted Answer

The lot is 0.14 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

757 1040, Payson, UT 84651

757 S 1040 W, Payson, UT 84651

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