Question 1

What is the asking price for 261 REDWOOD, Salt Lake City?

Accepted Answer

261 REDWOOD, Salt Lake City is listed at $1,700,000 ($607/sqft). The original list price was $2,000,000, representing a reduction of $300,000. This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 261 REDWOOD, Salt Lake City have?

Accepted Answer

This Residential features 4 bedrooms, 4 bathrooms, 2,800 square feet of living space.  The lot is 0.94 acres.

Question 3

When was 261 REDWOOD, Salt Lake City built?

Accepted Answer

This property was built in 1950, making it 76 years old. This established home has character and may feature unique architectural details. A thorough inspection is recommended to assess systems and structure.

Question 4

What type of property is 261 REDWOOD, Salt Lake City?

Accepted Answer

261 REDWOOD, Salt Lake City is a Residential (Quadruplex). The architectural style is Side By Side.

Question 5

Is there an HOA for 261 REDWOOD, Salt Lake City?

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 6

What are the property taxes for 261 REDWOOD, Salt Lake City?

Accepted Answer

Annual property taxes for this property are approximately $5,889 (about $491/month). This represents an effective tax rate of approximately 0.35% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 7

Is 261 REDWOOD, Salt Lake City a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 12/100. Key deal signals: 15% price reduction from original list; 205.0 days on market — potential negotiation opportunity. The price is 105% above 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 Salt Lake City?

Accepted Answer

The median price for similar properties in the area is $829,000 (based on 5 homes). At $1,700,000, this listing is 105% above the median for comparable homes. It ranks #Premium among similar listings by value.

Question 9

Has the price been reduced on 261 REDWOOD, Salt Lake City?

Accepted Answer

Yes, the price has been reduced by 15.0% from the original list price of $2,000,000 to the current price of $1,700,000 — a reduction of $300,000. Price reductions can indicate seller motivation or market adjustment.

Question 10

What would the monthly mortgage payment be for 261 REDWOOD, Salt Lake City?

Accepted Answer

At the current 30-year mortgage rate of 6.46% with 20% down, the estimated monthly principal and interest payment is $8,560. Including estimated taxes, the total monthly cost is approximately $9,051. A 15-year mortgage at 5.77% would be $11,308/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 11

How long has 261 REDWOOD, Salt Lake City been on the market?

Accepted Answer

This property has been listed for 205 days. The average days on market in Salt Lake City is 68 days, meaning this listing is taking longer than the local average. Extended time on market may present negotiation opportunities for buyers.

Question 12

Is 261 REDWOOD, Salt Lake City a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $25,655 with a gross rental yield of 1.5%. Net rental yield (after estimated expenses): 1.0%.  Estimated debt service coverage ratio (DSCR): 0.19. Investor score: 12/100. These are estimates based on area comparables.

Question 13

What is the estimated rental income for 261 REDWOOD, Salt Lake City?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $2,138 ($25,656/year). The gross rent multiplier is 66.3x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 14

What lifestyle features does 261 REDWOOD, Salt Lake City offer?

Accepted Answer

Propaired's AI has identified 3 lifestyle features for this property: Investor Special, New Construction, Bikeable. The primary lifestyle niche is "investor_special." These tags are derived from MLS data, property features, and location analysis.

Question 15

Is 261 REDWOOD, Salt Lake City new construction?

Accepted Answer

Yes, this is a new construction property built in 1950. New construction in Utah typically includes modern energy codes, current building standards, builder warranties, and contemporary finishes.  Review the builder warranty terms and any remaining items on the builder punch list.

Question 16

What recreation is near 261 REDWOOD, Salt Lake City?

Accepted Answer

This property has a recreation score of 93/100. Nearby recreation includes: 600 S (JRP) trailhead (1.8 mi); Redwood Meadows Park park (0.1 mi); Roots Disc Golf Course (1.1 mi); Jordan River OHV State Park (2.1 mi). Skiing: Snowbird Ski and Summer Resort (20.5 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 17

Are there hiking trails near 261 REDWOOD, Salt Lake City?

Accepted Answer

Yes, the nearest trailhead is 600 S (JRP), just 1.8 miles from the property. Jordan River OHV State Park is 2.1 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 18

What amenities and services are near 261 REDWOOD, Salt Lake City?

Accepted Answer

This property has an amenity proximity score of 99/100. Nearby services include: Grocery: 7-Eleven (0.1 mi); Hospital: Stephen D Ratcliffe Clinic (1.0 mi); Pharmacy: Lucky Pharmacy (0.5 mi); Dining: McDonald's (0.4 mi). Gas station: 0.5 miles. Gym: Paintball Addicts (2.3 mi).

Question 19

How far is the nearest hospital from 261 REDWOOD, Salt Lake City?

Accepted Answer

The nearest hospital is Stephen D Ratcliffe Clinic, approximately 1.0 miles from the property. The nearest fire station is 0.9 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 20

What schools serve 261 REDWOOD, Salt Lake City?

Accepted Answer

Assigned schools: Elementary: Meadowlark; Middle: Northwest; High: West. There are 1 schools within 3 miles of this property. The highest-rated nearby school is Salt Lake Center for Science Education with a 59% state performance score (1.4 miles away). School district: Salt Lake.

Question 21

What is the internet speed at 261 REDWOOD, Salt Lake City?

Accepted Answer

This property has a broadband score of 100/100 (Excellent). Best available speed: 10000 Mbps download / 10000 Mbps upload. Fiber internet is available at this address. Available providers: AT&T (25 Mbps, Fixed Wireless); CenturyLink (940 Mbps, Fiber); CenturyLink (140 Mbps, DSL). Total providers: 13.

Question 22

Is 261 REDWOOD, Salt Lake City in a flood zone?

Accepted Answer

This property is classified as moderate. FEMA flood zone: X (AREA WITH REDUCED FLOOD RISK DUE TO LEVEE). Flood insurance is not typically required but may be recommended.  Always verify current FEMA maps as they are periodically updated.

Question 23

How does this listing compare to the Salt Lake City market?

Accepted Answer

261 REDWOOD, Salt Lake City is listed at $1,700,000, which is above the Salt Lake City median of $570,000 by $1,130,000. There are currently 493 active listings in Salt Lake City. Homes in Salt Lake City sell in an average of 68 days. The average sale-to-list ratio is 98.2%.

Question 24

What is the Salt Lake City neighborhood like?

Accepted Answer

Utah's capital and largest city. Major job center with urban amenities, diverse neighborhoods, excellent schools, vibrant downtown. Gateway to skiing and outdoor recreation. Mixed urban/suburban living. Salt Lake City is known for: urban, diverse, job-center, walkable. Population: approximately 199,000. Explore the full Salt Lake City market data and community guide on Propaired.

Question 25

How does this price compare to the Utah state average?

Accepted Answer

At $1,700,000, this property is above the Utah state median of $510,000 by $1,190,000. Salt Lake City prices are 12% 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 26

What is the Propaired intelligence score for 261 REDWOOD, Salt Lake City?

Accepted Answer

This property has a Propaired intelligence score of 53/100, combining deal value (12), recreation access (93), amenity proximity (99), broadband quality (100), and lifestyle features (3 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 27

What is the commute like from 261 REDWOOD, Salt Lake City?

Accepted Answer

261 REDWOOD, Salt Lake City is located in Salt Lake City, in the Wasatch Front region of Utah. With a population of approximately 199,000, Salt Lake 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 28

What shopping and dining is near 261 REDWOOD, Salt Lake City?

Accepted Answer

The nearest restaurant is McDonald's (0.4 miles away) and the nearest grocery store is 7-Eleven (0.1 miles). Coffee: ShadeWolfs (0.5 mi). Banking: Wells Fargo (0.5 mi). Overall amenity proximity score: 99/100.

Question 29

What is the Salt Lake City community like?

Accepted Answer

Salt Lake City is known for: urban, diverse, job-center, walkable, outdoor-access. The city has approximately 199,000 residents. The median home price in Salt Lake City is $650,000. Explore the full Salt Lake City community profile on Propaired for detailed neighborhood insights.

Question 30

What would homeowner's insurance cost for 261 REDWOOD, Salt Lake 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 $1,700,000, expect approximately $5,100-$8,500/year ($425-$708/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 31

What are the estimated closing costs for 261 REDWOOD, Salt Lake City?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $1,700,000, expect approximately $34,000-$85,000 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 32

How does the property tax compare to the list price at 261 REDWOOD, Salt Lake City?

Accepted Answer

The annual property tax of $5,889 represents an effective rate of 0.35% relative to the list price of $1,700,000. 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 33

What are the total estimated monthly costs for 261 REDWOOD, Salt Lake City?

Accepted Answer

Estimated total monthly housing cost: $9,618. This includes principal & interest ($8,560 at 6.46% with 20% down), property tax ($491/mo), and estimated insurance (~$567/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 34

Is 261 REDWOOD, Salt Lake City eligible for FHA or VA financing?

Accepted Answer

At $1,700,000, 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 35

What is the estimated cap rate for 261 REDWOOD, Salt Lake City?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 1.0%, based on estimated annual rent of $25,655 and a purchase price of $1,700,000. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 36

Is Salt Lake City a good rental market?

Accepted Answer

Estimated monthly rent in Salt Lake City is approximately $1,252. Homes in Salt Lake City sell in an average of 68 days, indicating moderate demand in this market. There are 493 active listings currently. Gross rental yield in this area: 1.5%. Utah's steady population growth continues to drive rental demand.

Question 37

Could 261 REDWOOD, Salt Lake City be a 1031 exchange property?

Accepted Answer

Yes, 261 REDWOOD, Salt Lake 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 38

How does 261 REDWOOD, Salt Lake City compare to recently sold homes nearby?

Accepted Answer

Based on 5 comparable properties, the median sold price in this area is $829,000. This listing is 105% above the comparable median. It ranks Premium among similar listings by value. The median for this property type specifically is $1,075,000. Comparable analysis is based on similar size, age, and location.

Question 39

Is the Salt Lake City neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 1.6% over the past year. The current Zillow Home Value Index for this area is $557,482. This listing is priced at 305% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 40

What is the price trend in Salt Lake City?

Accepted Answer

Salt Lake City's median price has decreased 5.5% month-over-month. Current median: $570,000. Days on market have decreased by 21.1% month-over-month. Homes are selling at 98.2% of list price on average. Monitor these trends to time your offer strategically.

Question 41

Is 261 REDWOOD, Salt Lake City overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Standard." At 105% above comparable homes, the asking price is above the local median. Verify that premium features justify the price difference. Deal score: 12/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 42

What school district is 261 REDWOOD, Salt Lake City in?

Accepted Answer

This property is in the Salt Lake school district. Assigned elementary: Meadowlark. Assigned middle: Northwest. Assigned high: West. School district boundaries can affect property values by 5-15%. Contact the district directly to confirm current enrollment boundaries, as they may change.

Question 43

What parks are near 261 REDWOOD, Salt Lake City?

Accepted Answer

The nearest local park is Redwood Meadows Park (0.1 miles away). The nearest state park is Jordan River OHV State Park (2.1 miles).  Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 44

Is there a golf course near 261 REDWOOD, Salt Lake City?

Accepted Answer

The nearest golf course is Roots Disc Golf Course, 1.1 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 45

What water activities are near 261 REDWOOD, Salt Lake City?

Accepted Answer

Water recreation near this property includes: Echo Reservoir (29.0 mi); boat ramp at Great Salt Lake State Marina (14.5 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 46

Is 261 REDWOOD, Salt Lake City move-in ready?

Accepted Answer

As new construction, this home is expected to be move-in ready with modern finishes and warranties.

Question 47

What updates might 261 REDWOOD, Salt Lake City need?

Accepted Answer

At 76 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 48

Does 261 REDWOOD, Salt Lake 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 49

What is the lot like at 261 REDWOOD, Salt Lake City?

Accepted Answer

The lot is 0.94 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

Question 50

Is there EV charging near 261 REDWOOD, Salt Lake City?

Accepted Answer

The nearest EV charging station is ChargePoint Charging Station, approximately 0.5 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.

261 REDWOOD, Salt Lake City, UT 84116

261 N REDWOOD RD #1, Salt Lake City, UT 84116

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