Question 1

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

Accepted Answer

5 500, Salt Lake City is listed at $500,000 ($392/sqft).  Current status: Closed.

Question 2

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

Accepted Answer

This Residential features 2 bedrooms, 2 bathrooms, 1,275 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 2004, making it 22 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 PARC AT GATEWAY subdivision. Zoning: Multi-Family.

Question 5

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

Accepted Answer

Yes, this property includes a 2-car garage. Total parking capacity: 2 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 $431 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 $2,629 (about $219/month). This represents an effective tax rate of approximately 0.53% 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: Bath: Primary, Bath: Sep. Tub/Shower, Closet: Walk-In, Disposal, Gas Log. Exterior features include: Balcony, Double Pane Windows, Entry (Foyer), Lighting, Patio: Covered. 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 111 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 10

What schools serve 5 500, Salt Lake City?

Accepted Answer

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

Question 11

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

Accepted Answer

5 500, Salt Lake City is listed at $500,000, which is below the Salt Lake City median of $570,000 by $70,000. 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 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 $500,000, this property is below the Utah state median of $510,000 by $10,000. 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 5 500, Salt Lake City have?

Accepted Answer

Heating: Forced Air,Gas: Central. 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 15

What type of roof does 5 500, Salt Lake City have?

Accepted Answer

The roof material is Membrane. Ask the listing agent about the roof's age and any recent repairs. With a 22-year-old home, reviewing recent roof inspections is recommended.

Question 16

What is 5 500, Salt Lake City constructed from?

Accepted Answer

Construction materials include: Stone,Stucco. Stone construction provides exceptional durability and a premium aesthetic.

Question 17

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

Accepted Answer

Water source: Culinary. Sewer: Sewer: Connected.   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 $500,000, expect approximately $1,500-$2,500/year ($125-$208/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 $500,000, expect approximately $10,000-$25,000 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 22

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

Accepted Answer

The annual property tax of $2,629 represents an effective rate of 0.53% relative to the list price of $500,000. 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 23

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

Accepted Answer

At $500,000, 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 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: East. 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

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

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 28

What updates might 5 500, Salt Lake City need?

Accepted Answer

At 22 years old, common updates to consider include: HVAC system update. Current roof: Membrane. Current heating: Forced Air,Gas: Central. 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 29

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 30

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

Accepted Answer

The lot is 0.01 acres. Lot features: Curb & Gutter,Road: Paved,Sidewalks,View: Mountain. Terrain: Curb & Gutter, Road: Paved, Sidewalks, Terrain, Flat, View: Mountain. Views: Mountain(s).  Lot characteristics affect usability, privacy, and future improvement potential.

Question 31

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

Accepted Answer

Available utilities include: Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected. Water source: Culinary. Sewer: Sewer: Connected. 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 32

Does 5 500, Salt Lake City have natural gas?

Accepted Answer

Yes, this property has natural gas service — the heating system is listed as: Forced Air,Gas: Central. 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.

5 500, Salt Lake City, UT 84101

5 S 500 W #502, Salt Lake City, UT 84101

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