Question 1

What is the asking price for 241 VINE, Salt Lake City?

Accepted Answer

241 VINE, Salt Lake City is listed at $510,000 ($368/sqft). The original list price was $575,000, representing a reduction of $65,000. Current status: Closed.

Question 2

How many bedrooms and bathrooms does 241 VINE, Salt Lake City have?

Accepted Answer

This Residential features 2 bedrooms, 2 bathrooms, 1,385 square feet of living space. It is a 1-story home. The lot is 0.01 acres.

Question 3

When was 241 VINE, Salt Lake City built?

Accepted Answer

This property was built in 1976, making it 50 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 241 VINE, Salt Lake City?

Accepted Answer

241 VINE, Salt Lake City is a Residential (Condominium). The architectural style is Condo; High Rise. It is located in the ZION SUMMIT CONDM subdivision. Zoning: Multi-Family.

Question 5

Does 241 VINE, Salt Lake City have a garage or parking?

Accepted Answer

Yes, this property includes a 1-car garage and 1 open parking space. Total parking capacity: 2 vehicles.

Question 6

Is there an HOA for 241 VINE, Salt Lake City?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $769 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

What are the property taxes for 241 VINE, Salt Lake City?

Accepted Answer

Annual property taxes for this property are approximately $1,980 (about $165/month). This represents an effective tax rate of approximately 0.39% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 241 VINE, Salt Lake City?

Accepted Answer

Interior features include: Bath: Primary, Closet: Walk-In, Disposal, Gas Log, Jetted Tub. Exterior features include: Balcony, Deck; Covered, Lighting, Secured Building, Secured Parking. The home has 1 fireplace. Private pool included.  View: Mountain(s),Valley.

Question 9

Is 241 VINE, Salt Lake City a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 22/100. Key deal signals: 11% price reduction from original list; 146 days on market — potential negotiation opportunity. The price is 7% above 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 Salt Lake City?

Accepted Answer

The median price for similar properties in the area is $475,000 (based on 10 homes). At $510,000, this listing is 7% above the median for comparable homes. It ranks #Above Similar among similar listings by value.

Question 11

Has the price been reduced on 241 VINE, Salt Lake City?

Accepted Answer

Yes, the price has been reduced by 11.3% from the original list price of $575,000 to the current price of $510,000 — a reduction of $65,000. Price reductions can indicate seller motivation or market adjustment.

Question 12

What would the monthly mortgage payment be for 241 VINE, Salt Lake City?

Accepted Answer

At the current 30-year mortgage rate of 6.11% with 20% down, the estimated monthly principal and interest payment is $2,475. Including estimated taxes and HOA fees, the total monthly cost is approximately $3,409. A 15-year mortgage at 5.50% would be $3,334/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 13

How long has 241 VINE, Salt Lake City been on the market?

Accepted Answer

This property has been listed for 187 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 14

Is 241 VINE, Salt Lake City a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $12,034 with a gross rental yield of 2.4%. Net rental yield (after estimated expenses): 1.5%.  Estimated debt service coverage ratio (DSCR): 0.30. Investor score: 17/100. These are estimates based on area comparables.

Question 15

What is the estimated rental income for 241 VINE, Salt Lake City?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $1,003 ($12,036/year). The gross rent multiplier is 42.4x (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 241 VINE, Salt Lake City offer?

Accepted Answer

Propaired's AI has identified 5 lifestyle features for this property: Pool, Luxury Estate, Hot Tub/Spa, Walkable, Bikeable. The primary lifestyle niche is "luxury_estate." These tags are derived from MLS data, property features, and location analysis.

Question 17

Is 241 VINE, Salt Lake City near skiing?

Accepted Answer

This property is within reach of skiing. Solitude Mountain Resort is 18.4 miles away. Utah's world-class resorts offer 500+ inches of annual snowfall and "The Greatest Snow on Earth."

Question 18

Does 241 VINE, Salt Lake 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 makes 241 VINE, Salt Lake City a luxury property?

Accepted Answer

This property is classified as a luxury estate based on its price point, features, and location. At 1,385 sqft on 0.01 acres, it offers premium living.    Luxury properties in Utah benefit from no state estate tax and relatively low property tax rates.

Question 20

What recreation is near 241 VINE, Salt Lake City?

Accepted Answer

This property has a recreation score of 74/100. Nearby recreation includes: Ensign Peak trailhead (1.2 mi); Conference Center Park park (0.1 mi); Rose Park Golf Course (2.8 mi); Jordan River OHV State Park (3.8 mi); Capitol Reef NP — Cathedral Valley (166.3 mi). Skiing: Solitude Mountain Resort (18.4 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 21

Are there hiking trails near 241 VINE, Salt Lake City?

Accepted Answer

Yes, the nearest trailhead is Ensign Peak, just 1.2 miles from the property. Jordan River OHV State Park is 3.8 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 22

What schools serve 241 VINE, Salt Lake City?

Accepted Answer

Assigned schools: Elementary: Washington; Middle: Bryant; High: West.   School district: Salt Lake.

Question 23

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

Accepted Answer

241 VINE, Salt Lake City is listed at $510,000, which is below the Salt Lake City median of $570,000 by $60,000. 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 $510,000, this property is below the Utah state median of $510,000 by Contact for Price. 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 241 VINE, Salt Lake City?

Accepted Answer

This property has a Propaired intelligence score of 49/100, combining deal value (22), recreation access (74), amenity proximity (N/A), broadband quality (N/A), and lifestyle features (5 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 27

What heating and cooling systems does 241 VINE, Salt Lake City have?

Accepted Answer

Heating: Gas: Central,Hot Water. Cooling: Central Air. 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 28

What type of roof does 241 VINE, Salt Lake City have?

Accepted Answer

The roof material is Flat,Membrane. Ask the listing agent about the roof's age and any recent repairs. With a 50-year-old home, reviewing recent roof inspections is recommended.

Question 29

Does 241 VINE, Salt Lake City have a basement?

Accepted Answer

Yes, the basement is described as: None. Basements in Utah are common and add versatile living or storage space. Check for any signs of moisture or foundation issues during the home inspection.

Question 30

What is 241 VINE, Salt Lake City constructed from?

Accepted Answer

Construction materials include: Brick,Stone,Stucco. Brick construction is durable and low-maintenance, offering excellent insulation and fire resistance.

Question 31

What type of flooring does 241 VINE, Salt Lake City have?

Accepted Answer

Flooring types include: Carpet,Hardwood,Tile. Hardwood floors are a premium feature that adds lasting value and can be refinished multiple times. Tile flooring is durable and ideal for high-traffic areas and bathrooms. Carpeted areas provide warmth and comfort, especially in bedrooms.

Question 32

What are the water and sewer connections for 241 VINE, Salt Lake City?

Accepted Answer

Water source: Culinary. Sewer: Sewer: Connected,Sewer: Public.  Municipal sewer service means no septic maintenance costs. Water is a critical consideration in Utah's arid climate.

Question 33

What is the commute like from 241 VINE, Salt Lake City?

Accepted Answer

241 VINE, 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 34

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 35

What would homeowner's insurance cost for 241 VINE, 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 $510,000, expect approximately $1,530-$2,550/year ($128-$213/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 36

What are the estimated closing costs for 241 VINE, Salt Lake City?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $510,000, expect approximately $10,200-$25,500 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 37

How does the property tax compare to the list price at 241 VINE, Salt Lake City?

Accepted Answer

The annual property tax of $1,980 represents an effective rate of 0.39% relative to the list price of $510,000. 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 38

What are the total estimated monthly costs for 241 VINE, Salt Lake City?

Accepted Answer

Estimated total monthly housing cost: $3,579. This includes principal & interest ($2,475 at 6.11% with 20% down), property tax ($165/mo), HOA ($769/mo), and estimated insurance (~$170/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 39

Is 241 VINE, Salt Lake City eligible for FHA or VA financing?

Accepted Answer

At $510,000, 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 40

What is the estimated cap rate for 241 VINE, Salt Lake City?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 1.5%, based on estimated annual rent of $12,034 and a purchase price of $510,000. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 41

Is Salt Lake City a good rental market?

Accepted Answer

Estimated monthly rent in Salt Lake City is approximately $1,598. 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: 2.4%. Utah's steady population growth continues to drive rental demand.

Question 42

Could 241 VINE, Salt Lake City be a 1031 exchange property?

Accepted Answer

Yes, 241 VINE, 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 43

How does 241 VINE, Salt Lake City compare to recently sold homes nearby?

Accepted Answer

Based on 10 comparable properties, the median sold price in this area is $475,000. This listing is 7% above the comparable median. It ranks Above Similar among similar listings by value.  Comparable analysis is based on similar size, age, and location.

Question 44

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 92% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 45

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 46

Is 241 VINE, Salt Lake City overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Standard." At 7% above comparable homes, the asking price is above the local median. Verify that premium features justify the price difference. Deal score: 22/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 47

What school district is 241 VINE, Salt Lake City in?

Accepted Answer

This property is in the Salt Lake school district. Assigned elementary: Washington. Assigned middle: Bryant. 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 48

What parks are near 241 VINE, Salt Lake City?

Accepted Answer

The nearest local park is Conference Center Park (0.1 miles away). The nearest state park is Jordan River OHV State Park (3.8 miles). Nearest national park: Capitol Reef NP — Cathedral Valley (166.3 miles). Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 49

Is there a golf course near 241 VINE, Salt Lake City?

Accepted Answer

The nearest golf course is Rose Park Golf Course, 2.8 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 50

What water activities are near 241 VINE, Salt Lake City?

Accepted Answer

Water recreation near this property includes: Rockport Reservoir (26.6 mi); boat ramp at Great Salt Lake State Marina (16.9 mi); fishing at Weber River (29.3 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 51

Is 241 VINE, Salt Lake City move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 52

What updates might 241 VINE, Salt Lake City need?

Accepted Answer

At 50 years old, common updates to consider include: roof replacement (if original), HVAC system update, electrical panel upgrade, water heater replacement. Current roof: Flat,Membrane. Current heating: Gas: Central,Hot Water. 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 53

Does 241 VINE, 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 54

What is the lot like at 241 VINE, Salt Lake City?

Accepted Answer

The lot is 0.01 acres. Lot features: Curb & Gutter,Fenced: Part,Road: Paved,Sidewalks,Sprinkler: Auto-Full,Terrain: Grad Slope,Terrain: Hilly,View: Mountain,View: Valley. Terrain: Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Terrain, Flat, Terrain: Grad Slope, Terrain: Hilly, View: Mountain, View: Valley. Views: Mountain(s),Valley.  Lot characteristics affect usability, privacy, and future improvement potential.

Question 55

What utilities are available at 241 VINE, Salt Lake City?

Accepted Answer

Available utilities include: Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected. Water source: Culinary. Sewer: Sewer: Connected,Sewer: Public. 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 56

Does 241 VINE, Salt Lake City have natural gas?

Accepted Answer

Yes, this property has natural gas service — the heating system is listed as: Gas: Central,Hot Water. 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) operates separately. Natural gas availability also supports gas ranges, water heaters, and fireplaces.

241 VINE, Salt Lake City, UT 84103

241 N VINE ST #802E, Salt Lake City, UT 84103

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