Question 1

What is the asking price for 4516 GILEAD, Salt Lake City?

Accepted Answer

4516 GILEAD, Salt Lake City is listed at $7,500,000 ($897/sqft).  This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 4516 GILEAD, Salt Lake City have?

Accepted Answer

This Residential features 5 bedrooms, 6 bathrooms, 8,360 square feet of living space. It is a 2-story home. The lot is 0.4 acres.

Question 3

When was 4516 GILEAD, Salt Lake City built?

Accepted Answer

This property was built in 2027, making it -1 years old. As a newer construction, it likely features modern building codes, energy-efficient systems, and contemporary finishes.

Question 4

What type of property is 4516 GILEAD, Salt Lake City?

Accepted Answer

4516 GILEAD, Salt Lake City is a Residential (Single Family Residence). The architectural style is Rambler/Ranch. It is located in the MOUNT OLYMPUS COVE #2 subdivision. Zoning: Single-Family.

Question 5

Does 4516 GILEAD, Salt Lake City have a garage or parking?

Accepted Answer

Yes, this property includes a 3-car garage. Total parking capacity: 3 vehicles.

Question 6

Is there an HOA for 4516 GILEAD, 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 4516 GILEAD, Salt Lake City?

Accepted Answer

Annual property taxes for this property are approximately $30,000 (about $2,500/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 4516 GILEAD, Salt Lake City?

Accepted Answer

Interior features include: Bar: Dry, Bar: Wet, Bath: Primary, Closet: Walk-In, Den/Office. Exterior features include: Deck; Covered, Double Pane Windows, Skylights, Sliding Glass Doors. The home has 6 fireplaces.   View: Mountain(s),Valley.

Question 9

Is 4516 GILEAD, Salt Lake City a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 25/100. The price is 150% 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 $2,995,000 (based on 9 homes). At $7,500,000, this listing is 150% above the median for comparable homes. It ranks #Premium among similar listings by value.

Question 11

What would the monthly mortgage payment be for 4516 GILEAD, 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 $37,373. Including estimated taxes, the total monthly cost is approximately $39,873. A 15-year mortgage at 5.71% would be $49,696/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 12

How long has 4516 GILEAD, Salt Lake City been on the market?

Accepted Answer

This property has been listed for 0 days. The average days on market in Salt Lake City is 57 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 13

Is 4516 GILEAD, Salt Lake City a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $219,201 with a gross rental yield of 2.9%. Net rental yield (after estimated expenses): 1.9%.  Estimated debt service coverage ratio (DSCR): 0.43. Investor score: 20/100. These are estimates based on area comparables.

Question 14

What is the estimated rental income for 4516 GILEAD, Salt Lake City?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $18,267 ($219,204/year). The gross rent multiplier is 34.2x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 15

What lifestyle features does 4516 GILEAD, Salt Lake City offer?

Accepted Answer

Propaired's AI has identified 5 lifestyle features for this property: Trail/Hiking Access, Luxury Estate, Scenic Views, Hot Tub/Spa, New Construction. The primary lifestyle niche is "luxury_estate." These tags are derived from MLS data, property features, and location analysis.

Question 16

Is 4516 GILEAD, Salt Lake City new construction?

Accepted Answer

Yes, this is a new construction property built in 2027. 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 17

What makes 4516 GILEAD, 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 8,360 sqft on 0.4 acres, it offers premium living.  The property features scenic views.  Luxury properties in Utah benefit from no state estate tax and relatively low property tax rates.

Question 18

What recreation is near 4516 GILEAD, Salt Lake City?

Accepted Answer

This property has a recreation score of 77/100. Nearby recreation includes: Neffs Canyon trailhead (0.4 mi); Fortuna Park park (0.8 mi); Old Mill Golf Course (2.6 mi); This Is The Place Heritage Park (5.8 mi). Skiing: Snowbird Ski and Summer Resort (9.5 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 19

Are there hiking trails near 4516 GILEAD, Salt Lake City?

Accepted Answer

Yes, the nearest trailhead is Neffs Canyon, just 0.4 miles from the property. This Is The Place Heritage Park is 5.8 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 20

What amenities and services are near 4516 GILEAD, Salt Lake City?

Accepted Answer

This property has an amenity proximity score of 86/100. Nearby services include: Grocery: Macey's Olympus (1.1 mi); Hospital: Dr. Brett S. Luddington, DC (2.4 mi); Pharmacy: Smith's Pharmacy (2.1 mi); Dining: Gary's Asian Bistro (1.1 mi). Gas station: 1.2 miles. Gym: Momentum Indoor Climbing Millcreek (2.2 mi).

Question 21

How far is the nearest hospital from 4516 GILEAD, Salt Lake City?

Accepted Answer

The nearest hospital is Dr. Brett S. Luddington, DC, approximately 2.4 miles from the property. The nearest fire station is 1.1 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 22

What schools serve 4516 GILEAD, Salt Lake City?

Accepted Answer

Assigned schools: Elementary: Oakridge; Middle: Churchill; High: Skyline.   School district: Granite.

Question 23

What high school is near 4516 GILEAD, Salt Lake City?

Accepted Answer

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

Question 24

What elementary school is near 4516 GILEAD, Salt Lake City?

Accepted Answer

The nearest elementary school is Oakridge. Propaired provides full school ratings and comparison data for all schools in this area.

Question 25

What middle school is near 4516 GILEAD, Salt Lake City?

Accepted Answer

The nearest middle school is Churchill.

Question 26

What is the internet speed at 4516 GILEAD, Salt Lake City?

Accepted Answer

This property has a broadband score of 100/100 (Excellent). Best available speed: 8000 Mbps download / 8000 Mbps upload. Fiber internet is available at this address. Available providers: AT&T (0 Mbps, Fixed Wireless); CenturyLink (500 Mbps, Fiber); CenturyLink (0 Mbps, DSL). Total providers: 12.

Question 27

Is 4516 GILEAD, 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 28

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

Accepted Answer

4516 GILEAD, Salt Lake City is listed at $7,500,000, which is above the Salt Lake City median of $570,000 by $6,930,000. 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 29

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 $7,500,000 is above the Salt Lake City 2026 median.

Question 30

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 31

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 32

How does this price compare to the Utah state average?

Accepted Answer

At $7,500,000, this property is above the Utah state median of $517,990 by $6,982,010. 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 33

What is the Propaired intelligence score for 4516 GILEAD, Salt Lake City?

Accepted Answer

This property has a Propaired intelligence score of 53/100, combining deal value (25), recreation access (77), amenity proximity (86), broadband quality (100), and lifestyle features (5 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 34

What heating and cooling systems does 4516 GILEAD, 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 35

What type of roof does 4516 GILEAD, Salt Lake City have?

Accepted Answer

The roof material is Metal. Metal roofs are highly durable and can last 40-70 years with minimal maintenance. With a -1-year-old home, reviewing recent roof inspections is recommended.

Question 36

Does 4516 GILEAD, Salt Lake City have a basement?

Accepted Answer

Yes, the basement is described as: Daylight. A daylight basement features windows for natural light, making the space more livable. Check for any signs of moisture or foundation issues during the home inspection.

Question 37

What is 4516 GILEAD, Salt Lake City constructed from?

Accepted Answer

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

Question 38

What type of flooring does 4516 GILEAD, Salt Lake City have?

Accepted Answer

Flooring types include: 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.

Question 39

What are the water and sewer connections for 4516 GILEAD, Salt Lake City?

Accepted Answer

Sewer: Sewer: Connected.   Water is a critical consideration in Utah's arid climate.

Question 40

What is the commute like from 4516 GILEAD, Salt Lake City?

Accepted Answer

4516 GILEAD, 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 4516 GILEAD, Salt Lake City?

Accepted Answer

The nearest restaurant is Gary's Asian Bistro (1.1 miles away) and the nearest grocery store is Macey's Olympus (1.1 miles). Coffee: McDonald's (2.1 mi). Banking: KeyBank (1.1 mi). Overall amenity proximity score: 86/100.

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 4516 GILEAD, 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 $7,500,000, expect approximately $22,500-$37,500/year ($1,875-$3,125/month).   Get multiple quotes — rates vary significantly by insurer.

Question 44

What are the estimated closing costs for 4516 GILEAD, Salt Lake City?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $7,500,000, expect approximately $150,000-$375,000 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 45

How does the property tax compare to the list price at 4516 GILEAD, Salt Lake City?

Accepted Answer

The annual property tax of $30,000 represents an effective rate of 0.40% relative to the list price of $7,500,000. 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 46

What are the total estimated monthly costs for 4516 GILEAD, Salt Lake City?

Accepted Answer

Estimated total monthly housing cost: $42,373. This includes principal & interest ($37,373 at 6.36% with 20% down), property tax ($2,500/mo), and estimated insurance (~$2,500/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 47

Is 4516 GILEAD, Salt Lake City eligible for FHA or VA financing?

Accepted Answer

At $7,500,000, 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 48

What is the estimated cap rate for 4516 GILEAD, Salt Lake City?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 1.9%, based on estimated annual rent of $219,201 and a purchase price of $7,500,000. 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 $14,546. 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: 2.9%. Utah's steady population growth continues to drive rental demand.

Question 50

Could 4516 GILEAD, Salt Lake City be a 1031 exchange property?

Accepted Answer

Yes, 4516 GILEAD, 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 4516 GILEAD, Salt Lake City compare to recently sold homes nearby?

Accepted Answer

Based on 9 comparable properties, the median sold price in this area is $2,995,000. This listing is 150% above the comparable median. It ranks Premium among similar listings by value. The median for this property type specifically is $799,900. 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 1.8% over the past year. The current Zillow Home Value Index for this area is $1,534,150. This listing is priced at 489% 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 4516 GILEAD, Salt Lake City overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Standard." At 150% above comparable homes, the asking price is above the local median. Verify that premium features justify the price difference. Deal score: 25/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 55

What school district is 4516 GILEAD, Salt Lake City in?

Accepted Answer

This property is in the Granite school district. Assigned elementary: Oakridge. Assigned middle: Churchill. Assigned high: Skyline. 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

What parks are near 4516 GILEAD, Salt Lake City?

Accepted Answer

The nearest local park is Fortuna Park (0.8 miles away). The nearest state park is This Is The Place Heritage Park (5.8 miles).  Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 57

Is there a golf course near 4516 GILEAD, Salt Lake City?

Accepted Answer

The nearest golf course is Old Mill Golf Course, 2.6 miles from the property. Utah has over 80 golf courses statewide with a season running from March through November in most areas. Close proximity to a golf course is a desirable feature that can enhance property value.

Question 58

What water activities are near 4516 GILEAD, Salt Lake City?

Accepted Answer

Water recreation near this property includes: Jordanelle Reservoir (19.7 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 59

Is 4516 GILEAD, 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. A professional home inspection is always recommended before purchase to identify any needed repairs.

Question 60

Does 4516 GILEAD, 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 61

What is the lot like at 4516 GILEAD, Salt Lake City?

Accepted Answer

The lot is 0.4 acres. Lot features: Terrain: Hilly,View: Mountain,View: Valley,Private. Terrain: Terrain: Hilly, View: Mountain, View: Valley, Private. Views: Mountain(s),Valley.  Lot characteristics affect usability, privacy, and future improvement potential.

Question 62

What utilities are available at 4516 GILEAD, Salt Lake City?

Accepted Answer

Available utilities include: Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected.  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 63

Does 4516 GILEAD, 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.

Question 64

Is there EV charging near 4516 GILEAD, Salt Lake City?

Accepted Answer

The nearest EV charging station is Electrify America Charging Station, approximately 1.3 miles from the property. With a 3-car garage, installing a home Level 2 EV charger is straightforward — most installations cost $500-$2,000 including the charger. Utah offers a growing EV charging network along major corridors and in urban centers. Convenient public charging is available nearby for supplemental needs.

4516 GILEAD, Salt Lake City, UT 84124

4516 S GILEAD WAY, Salt Lake City, UT 84124

About This Property

Features & Amenities

Property Info

Financial

Structure & Systems

Parking

Property Intelligence

Lifestyle

Flood Zone

Deal Analysis

Investment Potential

Long-Term Rental

Short-Term Rental

Recreation & Amenities

Recreation NearbyScore: 77/100

Amenities NearbyScore: 86/100

Internet & Connectivity

All Property Details

Property Info

Bedrooms & Baths

Financial

Structure

Lot & Land

Parking

Amenities

Utilities

Schools

Timeline

Salt Lake City Market Context

Crime & Safety

Salt Lake City compared to:

vs National Average (FBI UCR 2024)

Connect with a Buyer’s Agent

Similar Homes

$5,295,000

$3,299,000

$3,399,900

$1,450,000

$2,995,000

Find Your Dream Home

Frequently Asked Questions

Discover

Recreation Nearby
Score: 77/100

Amenities Nearby
Score: 86/100