Question 1

What is the asking price for 216 500, Salt Lake City?

Accepted Answer

216 500, Salt Lake City is listed at $2,800,000.  Current status: Pending.

Question 2

When was 216 500, Salt Lake City built?

Accepted Answer

This property was built in 1954, making it 72 years old. This established home has character and may feature unique architectural details. A thorough inspection is recommended to assess systems and structure.

Question 3

What type of property is 216 500, Salt Lake City?

Accepted Answer

216 500, Salt Lake City is a Commercial Sale (Retail).   Zoning: Commercial.

Question 4

Is there an HOA for 216 500, 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 5

What are the property taxes for 216 500, Salt Lake City?

Accepted Answer

Annual property taxes for this property are approximately $12,906 (about $1,076/month). This represents an effective tax rate of approximately 0.46% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 6

What are the key features of 216 500, Salt Lake City?

Accepted Answer

Interior features include: Alarm: Fire, Alarm: Security, Restroom: Private, Restroom: Public, Sprinkler System Fire. Exterior features include: Paved Parking.

Question 7

How long has 216 500, Salt Lake City been on the market?

Accepted Answer

This property has been listed for 14 days. The average days on market in Salt Lake City is 41 days, meaning this listing is moving faster than the local average.

Question 8

Is 216 500, Salt Lake City suitable for horses?

Accepted Answer

Yes, this property is tagged as equestrian-friendly. The MLS listing confirms horse keeping is permitted. The 0.26-acre lot provides space for pasture and facilities. Check with the local municipality for any animal keeping permits required.

Question 9

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

Accepted Answer

216 500, Salt Lake City is listed at $2,800,000, which is above the Salt Lake City median of $587,500 by $2,212,500. There are currently 744 active listings in Salt Lake City. Homes in Salt Lake City sell in an average of 41 days. The average sale-to-list ratio is 99.2%.

Question 10

What is the Salt Lake City real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Salt Lake City is $587,500. There are currently 744 active listings. Homes sell in an average of 41 days. The average sale-to-list ratio is 99.2%. This listing at $2,800,000 is above the Salt Lake City 2026 median.

Question 11

Are there other homes for sale in Salt Lake City?

Accepted Answer

Yes — there are currently 744 active listings in Salt Lake City. Browse all Salt Lake City homes for sale at propaired.ai/listings/ut/salt-lake-city. Prices range around a median of $587,500. Homes in Salt Lake City are selling in about 41 days on average.

Question 12

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 13

How does this price compare to the Utah state average?

Accepted Answer

At $2,800,000, this property is above the Utah state median of $525,000 by $2,275,000. 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 14

What heating and cooling systems does 216 500, Salt Lake City have?

Accepted Answer

Heating: Forced Air,Natural Gas. Cooling: Central Air,Evap. Cooler Multi-Vent. 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 15

What type of roof does 216 500, Salt Lake City have?

Accepted Answer

The roof material is Rubber. Ask the listing agent about the roof's age and any recent repairs. With a 72-year-old home, reviewing recent roof inspections is recommended.

Question 16

What type of flooring does 216 500, Salt Lake City have?

Accepted Answer

Flooring types include: Carpet,Laminate,Tile,Slate.  Tile flooring is durable and ideal for high-traffic areas and bathrooms. Carpeted areas provide warmth and comfort, especially in bedrooms.

Question 17

What is the commute like from 216 500, Salt Lake City?

Accepted Answer

216 500, 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 18

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 19

What would homeowner's insurance cost for 216 500, 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 $2,800,000, expect approximately $8,400-$14,000/year ($700-$1,167/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 20

What are the estimated closing costs for 216 500, Salt Lake City?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $2,800,000, expect approximately $56,000-$140,000 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 21

How does the property tax compare to the list price at 216 500, Salt Lake City?

Accepted Answer

The annual property tax of $12,906 represents an effective rate of 0.46% relative to the list price of $2,800,000. 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 22

Is 216 500, Salt Lake City eligible for FHA or VA financing?

Accepted Answer

At $2,800,000, 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 23

Could 216 500, Salt Lake City be a 1031 exchange property?

Accepted Answer

Yes, 216 500, 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 24

What is the price trend in Salt Lake City?

Accepted Answer

Salt Lake City's median price has increased 7.0% month-over-month. Current median: $587,500. Days on market have increased by 31.1% month-over-month. Homes are selling at 99.2% of list price on average. Monitor these trends to time your offer strategically.

Question 25

Is 216 500, Salt Lake City move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 26

What updates might 216 500, Salt Lake City need?

Accepted Answer

At 72 years old, common updates to consider include: roof replacement (if original), HVAC system update, electrical panel upgrade, water heater replacement. Current roof: Rubber. Current heating: Forced Air,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 27

Does 216 500, 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 28

What is the lot like at 216 500, Salt Lake City?

Accepted Answer

The lot is 0.26 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

Question 29

What utilities are available at 216 500, Salt Lake City?

Accepted Answer

Available utilities include: Gas: Natural,Separate Meter: Gas,Separate Meter: Elec..   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 30

Does 216 500, Salt Lake City have natural gas?

Accepted Answer

Yes, this property has natural gas service — the heating system is listed as: Forced Air,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 Multi-Vent) operates separately. Natural gas availability also supports gas ranges, water heaters, and fireplaces.

216 500, Salt Lake City, UT 84111

216 E 500 S, Salt Lake City, UT 84111

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