Question 1

What is the asking price for 298 MAIN, Richfield?

Accepted Answer

298 MAIN, Richfield is listed at $1,599,000. The original list price was $2,500,000, representing a reduction of $901,000. This listing is currently active and available for showings.

Question 2

When was 298 MAIN, Richfield 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 3

What type of property is 298 MAIN, Richfield?

Accepted Answer

298 MAIN, Richfield is a Commercial Sale (Retail).   Zoning: Commercial.

Question 4

Is there an HOA for 298 MAIN, Richfield?

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 298 MAIN, Richfield?

Accepted Answer

Annual property taxes for this property are approximately $16,945 (about $1,412/month). This represents an effective tax rate of approximately 1.06% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 6

What are the key features of 298 MAIN, Richfield?

Accepted Answer

Interior features include: Alarm: Fire, Computer, Dishwasher, Kitchen, Range/Oven. Exterior features include: Paved Parking.

Question 7

How long has 298 MAIN, Richfield been on the market?

Accepted Answer

This property has been listed for 367 days. The average days on market in Richfield is 75 days, meaning this listing is taking longer than the local average. Extended time on market may present negotiation opportunities for buyers.

Question 8

Is 298 MAIN, Richfield suitable for horses?

Accepted Answer

Yes, this property is tagged as equestrian-friendly. The MLS listing confirms horse keeping is permitted. The 0.45-acre lot provides space for pasture and facilities. Check with the local municipality for any animal keeping permits required.

Question 9

What schools serve 298 MAIN, Richfield?

Accepted Answer

There are 1 schools within 3 miles of this property. The highest-rated nearby school is Richfield High with a 59% state performance score (0.6 miles away).

Question 10

How does this listing compare to the Richfield market?

Accepted Answer

298 MAIN, Richfield is listed at $1,599,000, which is above the Richfield median of $335,000 by $1,264,000. There are currently 29 active listings in Richfield. Homes in Richfield sell in an average of 75 days. The average sale-to-list ratio is 109.5%.

Question 11

What is the Richfield real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Richfield is $335,000. There are currently 29 active listings. Homes sell in an average of 75 days. The average sale-to-list ratio is 109.5%. This listing at $1,599,000 is above the Richfield 2026 median.

Question 12

Are there other homes for sale in Richfield?

Accepted Answer

Yes — there are currently 29 active listings in Richfield. Browse all Richfield homes for sale at propaired.ai/listings/ut/richfield. Prices range around a median of $335,000. Homes in Richfield are selling in about 75 days on average.

Question 13

How does this price compare to the Utah state average?

Accepted Answer

At $1,599,000, this property is above the Utah state median of $510,000 by $1,089,000. Richfield prices are 34% 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 14

What heating and cooling systems does 298 MAIN, Richfield have?

Accepted Answer

Heating: Natural Gas. Cooling: Central Air,Evap. Cooler Roof. 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 15

What type of roof does 298 MAIN, Richfield have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 23-year-old home, reviewing recent roof inspections is recommended.

Question 16

What type of flooring does 298 MAIN, Richfield 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 17

What would homeowner's insurance cost for 298 MAIN, Richfield?

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 $1,599,000, expect approximately $4,797-$7,995/year ($400-$666/month).   Get multiple quotes — rates vary significantly by insurer.

Question 18

What are the estimated closing costs for 298 MAIN, Richfield?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $1,599,000, expect approximately $31,980-$79,950 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 19

How does the property tax compare to the list price at 298 MAIN, Richfield?

Accepted Answer

The annual property tax of $16,945 represents an effective rate of 1.06% relative to the list price of $1,599,000. This is above the Utah average of approximately 0.58%. Taxes may adjust after a sale based on the county's reassessment. Property taxes in Utah are assessed by the county and can change when the property is sold.

Question 20

Is 298 MAIN, Richfield eligible for FHA or VA financing?

Accepted Answer

At $1,599,000, 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 21

Could 298 MAIN, Richfield be a 1031 exchange property?

Accepted Answer

Yes, 298 MAIN, Richfield 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 22

What is the price trend in Richfield?

Accepted Answer

Richfield's median price has increased 48.9% month-over-month. Current median: $335,000. Days on market have decreased by 59.7% month-over-month. Homes are selling at 109.5% of list price on average. Monitor these trends to time your offer strategically.

Question 23

Is 298 MAIN, Richfield move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 24

What updates might 298 MAIN, Richfield need?

Accepted Answer

At 23 years old, common updates to consider include: HVAC system update. Current roof: Asphalt. Current heating: Natural Gas. 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 25

Does 298 MAIN, Richfield 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 26

What is the lot like at 298 MAIN, Richfield?

Accepted Answer

The lot is 0.45 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

Question 27

What utilities are available at 298 MAIN, Richfield?

Accepted Answer

Available utilities include: Gas: Natural.   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 28

Does 298 MAIN, Richfield have natural gas?

Accepted Answer

Yes, this property has natural gas service — the heating system is listed as: Natural Gas. Natural gas is the most common and cost-effective heating fuel in Utah, typically 30-50% less expensive than electric heating. The cooling system (Central Air,Evap. Cooler Roof) operates separately. Natural gas availability also supports gas ranges, water heaters, and fireplaces.

298 MAIN, Richfield, UT 84701

298 N MAIN ST, Richfield, UT 84701

About This Property

Features & Amenities

Property Info

Financial

Structure & Systems

Parking

Schools

All Property Details

Richfield Market Context

Crime & Safety

Location

Connect with a Buyer’s Agent

Find Your Dream Home

Frequently Asked Questions

Discover