Question 1

What is the asking price for 5 500, Salt Lake City?

Accepted Answer

5 500, Salt Lake City is listed at $384,999 ($547/sqft). The original list price was $394,999, representing a reduction of $10,000. Current status: Canceled.

Question 2

How many bedrooms and bathrooms does 5 500, Salt Lake City have?

Accepted Answer

This Residential features 1 bedroom, 1 bathroom, 704 square feet of living space. It is a 1-story home. The lot is 0.01 acres.

Question 3

When was 5 500, Salt Lake City built?

Accepted Answer

This property was built in 2001, making it 25 years old. Built in the early 2000s, the home benefits from modern construction standards and may have updated systems.

Question 4

What type of property is 5 500, Salt Lake City?

Accepted Answer

5 500, Salt Lake City is a Residential (Condominium). The architectural style is Condo; High Rise. It is located in the BLOCK C2 CONDOMINIUM subdivision. Zoning: Multi-Family.

Question 5

Does 5 500, Salt Lake City have a garage or parking?

Accepted Answer

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

Question 6

Is there an HOA for 5 500, Salt Lake City?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $349 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

What are the property taxes for 5 500, Salt Lake City?

Accepted Answer

Annual property taxes for this property are approximately $1,559 (about $130/month). This represents an effective tax rate of approximately 0.40% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 5 500, Salt Lake City?

Accepted Answer

Interior features include: Alarm: Security, Bath: Sep. Tub/Shower, Closet: Walk-In, Gas Log, Kitchen: Updated. Exterior features include: Balcony. The home has 1 fireplace.   View: Mountain(s).

Question 9

How long has 5 500, Salt Lake City been on the market?

Accepted Answer

This property has been listed for 44 days. The average days on market in Salt Lake City is 68 days, meaning this listing is moving faster than the local average.

Question 10

What schools serve 5 500, Salt Lake City?

Accepted Answer

Assigned schools: Elementary: Washington; Middle: Bryant; High: West. There are 3 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 (2.3 miles away). School district: Salt Lake.

Question 11

How good are the schools near 5 500, Salt Lake City?

Accepted Answer

Of the 3 schools within 3 miles, 3 have state performance data with an average score of 58%.  School quality is a key factor in home values — properties near top-rated schools typically command a 5-10% premium. Visit each school's detail page on Propaired for full performance breakdowns.

Question 12

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

Accepted Answer

5 500, Salt Lake City is listed at $384,999, which is below the Salt Lake City median of $570,000 by $185,001. 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 13

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 14

How does this price compare to the Utah state average?

Accepted Answer

At $384,999, this property is below the Utah state median of $510,000 by $125,001. 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 15

What heating and cooling systems does 5 500, Salt Lake City have?

Accepted Answer

Heating system details are not listed. Cooling: Central Air. 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 16

Does 5 500, 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 17

What are the water and sewer connections for 5 500, Salt Lake City?

Accepted Answer

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

Question 18

What is the commute like from 5 500, Salt Lake City?

Accepted Answer

5 500, 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 19

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 20

What would homeowner's insurance cost for 5 500, 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 $384,999, expect approximately $1,155-$1,925/year ($96-$160/month).   Get multiple quotes — rates vary significantly by insurer.

Question 21

What are the estimated closing costs for 5 500, Salt Lake City?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $384,999, expect approximately $7,700-$19,250 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 22

How does the property tax compare to the list price at 5 500, Salt Lake City?

Accepted Answer

The annual property tax of $1,559 represents an effective rate of 0.40% relative to the list price of $384,999. 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 23

Is 5 500, Salt Lake City eligible for FHA or VA financing?

Accepted Answer

At $384,999, 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 24

Could 5 500, Salt Lake City be a 1031 exchange property?

Accepted Answer

Yes, 5 500, 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 25

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 26

What school district is 5 500, 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 27

How do nearby schools rank statewide?

Accepted Answer

Of the 3 nearby schools with state rankings, the highest-ranked is Emerson School at #168 statewide (58% performance score). Other ranked nearby schools include Salt Lake Center for Science Education (#194) and Salt Lake Arts Academy (#197). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 28

Is 5 500, Salt Lake City move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 29

What updates might 5 500, Salt Lake City need?

Accepted Answer

At 25 years old, common updates to consider include: HVAC system update.   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 30

Does 5 500, 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 31

What is the lot like at 5 500, Salt Lake City?

Accepted Answer

The lot is 0.01 acres. Lot features: View: Mountain. Terrain: View: Mountain. Views: Mountain(s).  Lot characteristics affect usability, privacy, and future improvement potential.

Question 32

What utilities are available at 5 500, Salt Lake City?

Accepted Answer

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

5 500, Salt Lake City, UT 84101

5 S 500 W #617, Salt Lake City, UT 84101

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