Question 1

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

Accepted Answer

500 JULEP, Salt Lake City is listed at $699,000 ($243/sqft).  Current status: Pending.

Question 2

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

Accepted Answer

This Residential features 6 bedrooms, 4 bathrooms, 2,880 square feet of living space. It is a 2-story home. The lot is 0.18 acres.

Question 3

When was 500 JULEP, 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 4

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

Accepted Answer

500 JULEP, Salt Lake City is a Residential (Single Family Residence). The architectural style is Rambler/Ranch. It is located in the COTTONWOOD subdivision. Zoning: Single-Family.

Question 5

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

Accepted Answer

Yes, this property includes a 2-car garage and 5 open parking spaces. Total parking capacity: 7 vehicles.

Question 6

Is there an HOA for 500 JULEP, 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 7

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

Accepted Answer

Annual property taxes for this property are approximately $1,640 (about $137/month). This represents an effective tax rate of approximately 0.23% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

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

Accepted Answer

Interior features include: Bath: Sep. Tub/Shower, Closet: Walk-In, Disposal, Kitchen: Second, Kitchen: Updated. Exterior features include: Porch: Open. The home has 1 fireplace.

Question 9

Is 500 JULEP, Salt Lake City a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 18/100. Key deal signals: Priced 6% below market median (per-type); 5.1% gross rental yield.  This analysis considers price relative to comparables, days on market, price reductions, and market conditions.

Question 10

What would the monthly mortgage payment be for 500 JULEP, Salt Lake City?

Accepted Answer

At the current 30-year mortgage rate of 6.11% with 20% down, the estimated monthly principal and interest payment is $3,392. Including estimated taxes, the total monthly cost is approximately $3,529. A 15-year mortgage at 5.50% would be $4,569/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 11

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

Accepted Answer

This property has been listed for 5 days. The average days on market in Salt Lake City is 68 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 12

Is 500 JULEP, Salt Lake City a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $35,737 with a gross rental yield of 5.1%. Net rental yield (after estimated expenses): 3.3%.  Estimated debt service coverage ratio (DSCR): 0.66. Investor score: 45/100. These are estimates based on area comparables.

Question 13

What is the estimated rental income for 500 JULEP, Salt Lake City?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $2,978 ($35,736/year). The gross rent multiplier is 19.6x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 14

What lifestyle features does 500 JULEP, Salt Lake City offer?

Accepted Answer

Propaired's AI has identified 5 lifestyle features for this property: ADU/Multigenerational, Farm/Ranch, Luxury Estate, Workshop/Maker Space, New Construction. The primary lifestyle niche is "luxury_estate." These tags are derived from MLS data, property features, and location analysis.

Question 15

Is 500 JULEP, Salt Lake City new construction?

Accepted Answer

Yes, this is a new construction property built in 1962. New construction in Utah typically includes modern energy codes, current building standards, builder warranties, and contemporary finishes.  Review the builder warranty terms and any remaining items on the builder punch list.

Question 16

What makes 500 JULEP, 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 2,880 sqft on 0.18 acres, it offers premium living.    Luxury properties in Utah benefit from no state estate tax and relatively low property tax rates.

Question 17

How much land comes with 500 JULEP, Salt Lake City?

Accepted Answer

This property sits on 0.18 acres. It is suitable for farming or ranching use.  Water source: Culinary. Large-acreage properties in Utah may have water rights and mineral rights considerations — verify with a real estate attorney.

Question 18

What schools serve 500 JULEP, Salt Lake City?

Accepted Answer

Assigned schools: Elementary: James E. Moss; Middle: Granite Park; High: Cottonwood.   School district: Granite.

Question 19

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

Accepted Answer

500 JULEP, Salt Lake City is listed at $699,000, which is above the Salt Lake City median of $570,000 by $129,000. 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 20

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 21

How does this price compare to the Utah state average?

Accepted Answer

At $699,000, this property is above the Utah state median of $510,000 by $189,000. 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 22

What is the Propaired intelligence score for 500 JULEP, Salt Lake City?

Accepted Answer

This property has a Propaired intelligence score of 38/100, combining deal value (18), recreation access (N/A), amenity proximity (N/A), broadband quality (N/A), and lifestyle features (5 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 23

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

Accepted Answer

Heating: Gas: Central. 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 24

What type of roof does 500 JULEP, 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 25

Does 500 JULEP, Salt Lake City have a basement?

Accepted Answer

Yes, the basement is described as: Full. 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 26

What is 500 JULEP, 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 27

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

Accepted Answer

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

Question 28

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

Accepted Answer

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

Question 29

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

Accepted Answer

500 JULEP, 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 30

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 31

What would homeowner's insurance cost for 500 JULEP, 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 $699,000, expect approximately $2,097-$3,495/year ($175-$291/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 32

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

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $699,000, expect approximately $13,980-$34,950 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 33

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

Accepted Answer

The annual property tax of $1,640 represents an effective rate of 0.23% relative to the list price of $699,000. 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 34

What are the total estimated monthly costs for 500 JULEP, Salt Lake City?

Accepted Answer

Estimated total monthly housing cost: $3,762. This includes principal & interest ($3,392 at 6.11% with 20% down), property tax ($137/mo), and estimated insurance (~$233/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 35

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

Accepted Answer

At $699,000, 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 36

What is the estimated cap rate for 500 JULEP, Salt Lake City?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 3.3%, based on estimated annual rent of $35,737 and a purchase price of $699,000. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 37

Is Salt Lake City a good rental market?

Accepted Answer

Estimated monthly rent in Salt Lake City is approximately $1,328. Homes in Salt Lake City sell in an average of 68 days, indicating moderate demand in this market. There are 493 active listings currently. Gross rental yield in this area: 5.1%. Utah's steady population growth continues to drive rental demand.

Question 38

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

Accepted Answer

Yes, 500 JULEP, 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 39

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 1.6% over the past year. The current Zillow Home Value Index for this area is $557,482. This listing is priced at 125% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 40

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 41

What school district is 500 JULEP, Salt Lake City in?

Accepted Answer

This property is in the Granite school district. Assigned elementary: James E. Moss. Assigned middle: Granite Park. Assigned high: Cottonwood. School district boundaries can affect property values by 5-15%. Contact the district directly to confirm current enrollment boundaries, as they may change.

Question 42

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

Accepted Answer

As new construction, this home is expected to be move-in ready with modern finishes and warranties.

Question 43

What updates might 500 JULEP, 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: 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 44

Does 500 JULEP, 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 45

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

Accepted Answer

The lot is 0.18 acres. Lot features: Fenced: Part,Road: Paved,Sidewalks. Terrain: Fenced: Part, Road: Paved, Sidewalks.   Lot characteristics affect usability, privacy, and future improvement potential.

Question 46

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

Accepted Answer

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

Question 47

Does 500 JULEP, Salt Lake City have natural gas?

Accepted Answer

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

500 JULEP, Salt Lake City, UT 84107

500 E JULEP DR, Salt Lake City, UT 84107

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