Question 1

What is the asking price for 231 EDISON, Salt Lake City?

Accepted Answer

231 EDISON, Salt Lake City is listed at $1,149,500 ($699/sqft). The original list price was $1,199,500, representing a reduction of $50,000. This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 231 EDISON, Salt Lake City have?

Accepted Answer

This Residential features 2 bedrooms, 2 bathrooms, 1,645 square feet of living space. It is a 3-story home. The lot is 0.01 acres.

Question 3

When was 231 EDISON, Salt Lake City built?

Accepted Answer

This property was built in 1899, making it 127 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 231 EDISON, Salt Lake City?

Accepted Answer

231 EDISON, Salt Lake City is a Residential (Condominium).  It is located in the THE WARHOL LOFTS subdivision. Zoning: Single-Family, Short Term Rental Allowed.

Question 5

Does 231 EDISON, Salt Lake City have a garage or parking?

Accepted Answer

Yes, this property includes a carport. Total parking capacity: 1 vehicles.

Question 6

Is there an HOA for 231 EDISON, Salt Lake City?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $650 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

What are the property taxes for 231 EDISON, Salt Lake City?

Accepted Answer

Annual property taxes for this property are approximately $2,904 (about $242/month). This represents an effective tax rate of approximately 0.25% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 231 EDISON, Salt Lake City?

Accepted Answer

Interior features include: Alarm: Fire, Alarm: Security, Closet: Walk-In, Disposal, Range: Gas. Exterior features include: Balcony, Entry (Foyer), Lighting, Secured Building, Sliding Glass Doors.

Question 9

Is 231 EDISON, Salt Lake City a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 45/100. Key deal signals: 4% price reduction from original list; 225.0 days on market — potential negotiation opportunity. The price is 99% 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 $577,450 (based on 10 homes). At $1,149,500, this listing is 99% above the median for comparable homes. It ranks #Premium among similar listings by value.

Question 11

Has the price been reduced on 231 EDISON, Salt Lake City?

Accepted Answer

Yes, the price has been reduced by 4.2% from the original list price of $1,199,500 to the current price of $1,149,500 — a reduction of $50,000. Price reductions can indicate seller motivation or market adjustment.

Question 12

What would the monthly mortgage payment be for 231 EDISON, Salt Lake City?

Accepted Answer

At the current 30-year mortgage rate of 6.36% with 20% down, the estimated monthly principal and interest payment is $5,728. Including estimated taxes and HOA fees, the total monthly cost is approximately $6,620. A 15-year mortgage at 5.71% would be $7,617/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 13

How long has 231 EDISON, Salt Lake City been on the market?

Accepted Answer

This property has been listed for 225 days. The average days on market in Salt Lake City is 57 days, meaning this listing is taking longer than the local average. Extended time on market may present negotiation opportunities for buyers.

Question 14

Is 231 EDISON, Salt Lake City a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $51,101 with a gross rental yield of 4.5%. Net rental yield (after estimated expenses): 2.9%.  Estimated debt service coverage ratio (DSCR): 0.65. Investor score: 23/100. These are estimates based on area comparables.

Question 15

Can 231 EDISON, Salt Lake City be used as a short-term rental?

Accepted Answer

This property shows potential for short-term rental use (Airbnb/VRBO). Estimated annual STR revenue: $30,031 (0.6x long-term rental income). Check local zoning regulations and HOA rules before purchasing for STR purposes — many Utah municipalities have specific short-term rental ordinances.

Question 16

What is the estimated rental income for 231 EDISON, Salt Lake City?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $4,258 ($51,096/year). The gross rent multiplier is 22.5x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 17

What lifestyle features does 231 EDISON, Salt Lake City offer?

Accepted Answer

Propaired's AI has identified 7 lifestyle features for this property: Luxury Estate, Scenic Views, Gated Community, Hot Tub/Spa, Walkable, Bikeable, Short-Term Rental Potential. The primary lifestyle niche is "luxury_estate." These tags are derived from MLS data, property features, and location analysis.

Question 18

What makes 231 EDISON, 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 1,645 sqft on 0.01 acres, it offers premium living. Located in a gated community for added privacy and security. The property features scenic views.  Luxury properties in Utah benefit from no state estate tax and relatively low property tax rates.

Question 19

What recreation is near 231 EDISON, Salt Lake City?

Accepted Answer

This property has a recreation score of 68/100. Nearby recreation includes: City Creek (BST SLC) trailhead (1.9 mi); Gallivan Center park (0.2 mi); Glendale Golf Course (3.2 mi); This Is The Place Heritage Park (3.8 mi). Skiing: Solitude Mountain Resort (17.7 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 20

Are there hiking trails near 231 EDISON, Salt Lake City?

Accepted Answer

Yes, the nearest trailhead is City Creek (BST SLC), just 1.9 miles from the property. This Is The Place Heritage 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 21

What amenities and services are near 231 EDISON, Salt Lake City?

Accepted Answer

This property has an amenity proximity score of 74/100. Nearby services include: Grocery: Caputo's Market & Deli 15th & 15th (2.7 mi); Hospital: VA Medical Hospital (2.7 mi); Pharmacy: CVS Pharmacy (3.1 mi); Dining: Italian Olive (0.2 mi). Gas station: 3.1 miles. Gym: Wild Yogi (3.9 mi).

Question 22

How far is the nearest hospital from 231 EDISON, Salt Lake City?

Accepted Answer

The nearest hospital is VA Medical Hospital, approximately 2.7 miles from the property. The nearest fire station is 1.8 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 23

What schools serve 231 EDISON, Salt Lake City?

Accepted Answer

Assigned schools: Elementary: Bennion (M Lynn); Middle: Bryant; High: West. There are 2 schools within 3 miles of this property. The highest-rated nearby school is Emerson School with a 58% state performance score (1.8 miles away). School district: Salt Lake.

Question 24

What high school is near 231 EDISON, Salt Lake City?

Accepted Answer

The nearest high school is West. View the full school profile on Propaired for test scores, enrollment, and student-to-teacher ratios.

Question 25

What elementary school is near 231 EDISON, Salt Lake City?

Accepted Answer

The nearest elementary school is Bennion (M Lynn) (1.8 miles away). State performance score: 58%. District: Salt Lake District. Propaired provides full school ratings and comparison data for all schools in this area.

Question 26

What middle school is near 231 EDISON, Salt Lake City?

Accepted Answer

The nearest middle school is Bryant.

Question 27

What is the internet speed at 231 EDISON, 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 (100 Mbps, Fixed Wireless); CenturyLink (1000 Mbps, Fiber); CenturyLink (140 Mbps, DSL). Total providers: 15.

Question 28

Is 231 EDISON, Salt Lake City in a flood zone?

Accepted Answer

This property is classified as low. FEMA flood zone: X (AREA OF MINIMAL FLOOD HAZARD). Flood insurance is not typically required but may be recommended.  Always verify current FEMA maps as they are periodically updated.

Question 29

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

Accepted Answer

231 EDISON, Salt Lake City is listed at $1,149,500, which is above the Salt Lake City median of $570,000 by $579,500. There are currently 615 active listings in Salt Lake City. Homes in Salt Lake City sell in an average of 57 days. The average sale-to-list ratio is 99.0%.

Question 30

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 $570,000. There are currently 615 active listings. Homes sell in an average of 57 days. The average sale-to-list ratio is 99.0%. This listing at $1,149,500 is above the Salt Lake City 2026 median.

Question 31

Are there other homes for sale in Salt Lake City?

Accepted Answer

Yes — there are currently 615 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 $570,000. Homes in Salt Lake City are selling in about 57 days on average.

Question 32

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 33

How does this price compare to the Utah state average?

Accepted Answer

At $1,149,500, this property is above the Utah state median of $517,990 by $631,510. Salt Lake City prices are 10% 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 34

What is the Propaired intelligence score for 231 EDISON, Salt Lake City?

Accepted Answer

This property has a Propaired intelligence score of 57/100, combining deal value (45), recreation access (68), amenity proximity (74), broadband quality (100), and lifestyle features (8 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 35

What heating and cooling systems does 231 EDISON, Salt Lake City have?

Accepted Answer

Heating: Gas: Stove. Cooling system details are not listed. 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 36

Does 231 EDISON, 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 37

What is 231 EDISON, Salt Lake City constructed from?

Accepted Answer

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

Question 38

What type of flooring does 231 EDISON, Salt Lake City have?

Accepted Answer

Flooring types include: Tile,Vinyl.  Tile flooring is durable and ideal for high-traffic areas and bathrooms.  Luxury vinyl/LVP is waterproof, durable, and increasingly popular in Utah homes.

Question 39

What are the water and sewer connections for 231 EDISON, Salt Lake City?

Accepted Answer

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

Question 40

What is the commute like from 231 EDISON, Salt Lake City?

Accepted Answer

231 EDISON, 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 41

What shopping and dining is near 231 EDISON, Salt Lake City?

Accepted Answer

The nearest restaurant is Italian Olive (0.2 miles away) and the nearest grocery store is Caputo's Market & Deli 15th & 15th (2.7 miles). Coffee: Sweet Hazel & Co. Grab & Go (1.1 mi). Banking: Western Alliance Bank Loan Production Office (3.2 mi). Overall amenity proximity score: 74/100.

Question 42

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 43

What would homeowner's insurance cost for 231 EDISON, 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 $1,149,500, expect approximately $3,449-$5,748/year ($287-$479/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 44

What are the estimated closing costs for 231 EDISON, Salt Lake City?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $1,149,500, expect approximately $22,990-$57,475 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 45

How does the property tax compare to the list price at 231 EDISON, Salt Lake City?

Accepted Answer

The annual property tax of $2,904 represents an effective rate of 0.25% relative to the list price of $1,149,500. 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 46

What are the total estimated monthly costs for 231 EDISON, Salt Lake City?

Accepted Answer

Estimated total monthly housing cost: $7,003. This includes principal & interest ($5,728 at 6.36% with 20% down), property tax ($242/mo), HOA ($650/mo), and estimated insurance (~$383/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 47

Is 231 EDISON, Salt Lake City eligible for FHA or VA financing?

Accepted Answer

At $1,149,500, 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 48

What is the estimated cap rate for 231 EDISON, Salt Lake City?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 2.9%, based on estimated annual rent of $51,101 and a purchase price of $1,149,500. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 49

Is Salt Lake City a good rental market?

Accepted Answer

Estimated monthly rent in Salt Lake City is approximately $3,718. Homes in Salt Lake City sell in an average of 57 days, indicating healthy demand in this market. There are 615 active listings currently. Gross rental yield in this area: 4.5%. Utah's steady population growth continues to drive rental demand.

Question 50

Could 231 EDISON, Salt Lake City be a 1031 exchange property?

Accepted Answer

Yes, 231 EDISON, 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 51

How does 231 EDISON, Salt Lake City compare to recently sold homes nearby?

Accepted Answer

Based on 10 comparable properties, the median sold price in this area is $577,450. This listing is 99% above the comparable median. It ranks Premium among similar listings by value. The median for this property type specifically is $399,000. Comparable analysis is based on similar size, age, and location.

Question 52

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 0.1% over the past year. The current Zillow Home Value Index for this area is $346,081. This listing is priced at 332% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 53

What is the price trend in Salt Lake City?

Accepted Answer

Salt Lake City's median price has decreased 8.7% month-over-month. Current median: $570,000. Days on market have increased by 22.4% month-over-month. Homes are selling at 99.0% of list price on average. Monitor these trends to time your offer strategically.

Question 54

Is 231 EDISON, Salt Lake City overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Standard." At 99% above comparable homes, the asking price is above the local median. Verify that premium features justify the price difference. Deal score: 45/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 55

What school district is 231 EDISON, Salt Lake City in?

Accepted Answer

This property is in the Salt Lake school district. Assigned elementary: Bennion (M Lynn). 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 56

How do nearby schools rank statewide?

Accepted Answer

Of the 2 nearby schools with state rankings, the highest-ranked is Emerson School at #168 statewide (58% performance score). Other ranked nearby schools include Salt Lake Arts Academy (#197). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 57

What parks are near 231 EDISON, Salt Lake City?

Accepted Answer

The nearest local park is Gallivan Center (0.2 miles away). The nearest state park is This Is The Place Heritage Park (3.8 miles).  Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 58

Is there a golf course near 231 EDISON, Salt Lake City?

Accepted Answer

The nearest golf course is Glendale Golf Course, 3.2 miles from the property. Utah has over 80 golf courses statewide with a season running from March through November in most areas.

Question 59

What water activities are near 231 EDISON, Salt Lake City?

Accepted Answer

Water recreation near this property includes: Rockport Reservoir (26.4 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 60

Is 231 EDISON, Salt Lake City move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 61

What updates might 231 EDISON, Salt Lake City need?

Accepted Answer

At 127 years old, common updates to consider include: roof replacement (if original), HVAC system update, electrical panel upgrade, water heater replacement.  Current heating: Gas: Stove. 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 62

Does 231 EDISON, 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 63

What is the lot like at 231 EDISON, Salt Lake City?

Accepted Answer

The lot is 0.01 acres. Lot features: Fenced: Full,Private. Terrain: Fenced: Full, Private.   Lot characteristics affect usability, privacy, and future improvement potential.

Question 64

What utilities are available at 231 EDISON, Salt Lake City?

Accepted Answer

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

231 EDISON, Salt Lake City, UT 84111

231 S EDISON ST #7, Salt Lake City, UT 84111

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