Question 1

What is the asking price for 1174 GRAYSTONE, Salt Lake City?

Accepted Answer

1174 GRAYSTONE, Salt Lake City is listed at $3,500,000.  This listing is currently active and available for showings.

Question 2

When was 1174 GRAYSTONE, Salt Lake City built?

Accepted Answer

This property was built in 1962, making it 64 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 1174 GRAYSTONE, Salt Lake City?

Accepted Answer

1174 GRAYSTONE, Salt Lake City is a Commercial Sale (Office).  It is located in the PARK subdivision. Zoning: Multi-Family, Commercial.

Question 4

Is there an HOA for 1174 GRAYSTONE, 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 1174 GRAYSTONE, Salt Lake City?

Accepted Answer

Annual property taxes for this property are approximately $20,420 (about $1,702/month). This represents an effective tax rate of approximately 0.58% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 6

What are the key features of 1174 GRAYSTONE, Salt Lake City?

Accepted Answer

Interior features include: Alarm: Security, Basement, Refrigerator, Restroom: Public.

Question 7

How long has 1174 GRAYSTONE, Salt Lake City been on the market?

Accepted Answer

This property has been listed for 268 days. The average days on market in Salt Lake City is 41 days, meaning this listing is taking longer than the local average. Extended time on market may present negotiation opportunities for buyers.

Question 8

What schools serve 1174 GRAYSTONE, Salt Lake City?

Accepted Answer

There are 5 schools within 3 miles of this property. The highest-rated nearby school is Olympus High with a 62% state performance score (2.5 miles away).

Question 9

What elementary school is near 1174 GRAYSTONE, Salt Lake City?

Accepted Answer

The nearest elementary school is William Penn School (1.5 miles away). State performance score: 58%. District: Granite District. Propaired provides full school ratings and comparison data for all schools in this area.

Question 10

How good are the schools near 1174 GRAYSTONE, Salt Lake City?

Accepted Answer

Of the 5 schools within 3 miles, 5 have state performance data with an average score of 59%.  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 11

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

Accepted Answer

1174 GRAYSTONE, Salt Lake City is listed at $3,500,000, which is above the Salt Lake City median of $587,500 by $2,912,500. 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 12

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 $3,500,000 is above the Salt Lake City 2026 median.

Question 13

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 14

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 15

How does this price compare to the Utah state average?

Accepted Answer

At $3,500,000, this property is above the Utah state median of $525,000 by $2,975,000. 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 16

What heating and cooling systems does 1174 GRAYSTONE, Salt Lake City have?

Accepted Answer

Heating: Forced Air. 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 17

What type of roof does 1174 GRAYSTONE, Salt Lake City have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 64-year-old home, reviewing recent roof inspections is recommended.

Question 18

What type of flooring does 1174 GRAYSTONE, 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 19

What is the commute like from 1174 GRAYSTONE, Salt Lake City?

Accepted Answer

1174 GRAYSTONE, 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 20

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 21

What would homeowner's insurance cost for 1174 GRAYSTONE, 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 $3,500,000, expect approximately $10,500-$17,500/year ($875-$1,458/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 22

What are the estimated closing costs for 1174 GRAYSTONE, Salt Lake City?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $3,500,000, expect approximately $70,000-$175,000 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 23

How does the property tax compare to the list price at 1174 GRAYSTONE, Salt Lake City?

Accepted Answer

The annual property tax of $20,420 represents an effective rate of 0.58% relative to the list price of $3,500,000. This is near the Utah average effective rate of approximately 0.58%. Property taxes in Utah are assessed by the county and can change when the property is sold.

Question 24

Is 1174 GRAYSTONE, Salt Lake City eligible for FHA or VA financing?

Accepted Answer

At $3,500,000, 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 25

Could 1174 GRAYSTONE, Salt Lake City be a 1031 exchange property?

Accepted Answer

Yes, 1174 GRAYSTONE, 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 26

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 27

How do nearby schools rank statewide?

Accepted Answer

Of the 5 nearby schools with state rankings, the highest-ranked is Rosecrest School at #151 statewide (59% performance score). Other ranked nearby schools include William Penn School (#191) and Olympus High (#229). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 28

Is 1174 GRAYSTONE, Salt Lake City move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 29

What updates might 1174 GRAYSTONE, Salt Lake City need?

Accepted Answer

At 64 years old, common updates to consider include: roof replacement (if original), HVAC system update, electrical panel upgrade, water heater replacement. Current roof: Asphalt. Current heating: Forced Air. 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 1174 GRAYSTONE, 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 1174 GRAYSTONE, Salt Lake City?

Accepted Answer

The lot is 0.23 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

1174 GRAYSTONE, Salt Lake City, UT 84106

1174 E GRAYSTONE WAY, Salt Lake City, UT 84106

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