Question 1

What is the asking price for 515 SHERMAN, Salt Lake City?

Accepted Answer

515 SHERMAN, Salt Lake City is listed at $825,900 ($480/sqft). The original list price was $849,900, representing a reduction of $24,000. This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 515 SHERMAN, Salt Lake City have?

Accepted Answer

This Residential features 4 bedrooms, 2 bathrooms, 1,720 square feet of living space. It is a 2-story home. The lot is 0.07 acres.

Question 3

When was 515 SHERMAN, Salt Lake City built?

Accepted Answer

This property was built in 1950, making it 76 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 515 SHERMAN, Salt Lake City?

Accepted Answer

515 SHERMAN, Salt Lake City is a Residential (Single Family Residence). The architectural style is Rambler/Ranch.

Question 5

Does 515 SHERMAN, 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 515 SHERMAN, 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 515 SHERMAN, Salt Lake City?

Accepted Answer

Annual property taxes for this property are approximately $2,967 (about $247/month). This represents an effective tax rate of approximately 0.36% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 515 SHERMAN, Salt Lake City?

Accepted Answer

Interior features include: Basement Apartment, Disposal, Kitchen: Second, Mother-in-Law Apt., Range/Oven: Free Stdng.. Exterior features include: Basement Entrance, Double Pane Windows, Porch: Open.    View: Mountain(s).

Question 9

Is 515 SHERMAN, Salt Lake City a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 30/100. The price is 44% 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 $575,000 (based on 9 homes). At $825,900, this listing is 44% above the median for comparable homes. It ranks #Premium among similar listings by value.

Question 11

Has the price been reduced on 515 SHERMAN, Salt Lake City?

Accepted Answer

Yes, the price has been reduced by 2.8% from the original list price of $849,900 to the current price of $825,900 — a reduction of $24,000. Price reductions can indicate seller motivation or market adjustment.

Question 12

What would the monthly mortgage payment be for 515 SHERMAN, Salt Lake City?

Accepted Answer

At the current 30-year mortgage rate of 6.30% with 20% down, the estimated monthly principal and interest payment is $4,090. Including estimated taxes, the total monthly cost is approximately $4,337. A 15-year mortgage at 5.64% would be $5,448/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 13

How long has 515 SHERMAN, Salt Lake City been on the market?

Accepted Answer

This property has been listed for 27 days. The average days on market in Salt Lake City is 59 days, meaning this listing is moving faster than the local average.

Question 14

Is 515 SHERMAN, Salt Lake City a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $43,786 with a gross rental yield of 5.3%. Net rental yield (after estimated expenses): 3.5%.  Estimated debt service coverage ratio (DSCR): 0.79. Investor score: 32/100. These are estimates based on area comparables.

Question 15

What is the estimated rental income for 515 SHERMAN, Salt Lake City?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $3,649 ($43,788/year). The gross rent multiplier is 18.9x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 16

What lifestyle features does 515 SHERMAN, Salt Lake City offer?

Accepted Answer

Propaired's AI has identified 3 lifestyle features for this property: ADU/Multigenerational, Scenic Views, Investor Special. The primary lifestyle niche is "investor_special." These tags are derived from MLS data, property features, and location analysis.

Question 17

What recreation is near 515 SHERMAN, Salt Lake City?

Accepted Answer

This property has a recreation score of 74/100. Nearby recreation includes: 600 S (JRP) trailhead (2.5 mi); Liberty Park park (0.3 mi); Forest Dale Golf Course (2.0 mi); This Is The Place Heritage Park (3.3 mi). Skiing: Snowbird Ski and Summer Resort (16.4 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 18

Are there hiking trails near 515 SHERMAN, Salt Lake City?

Accepted Answer

Yes, the nearest trailhead is 600 S (JRP), just 2.5 miles from the property. This Is The Place Heritage Park is 3.3 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 19

What amenities and services are near 515 SHERMAN, Salt Lake City?

Accepted Answer

This property has an amenity proximity score of 76/100. Nearby services include: Grocery: Smith's (1.4 mi); Hospital: Mr. Eric Glissmeyer (1.9 mi); Pharmacy: CVS Pharmacy (1.7 mi); Dining: Kaiser's Texas Bar-B-Q (1.2 mi). Gas station: 1.7 miles. Gym: Salt Lake Tennis & Health Club (2.6 mi).

Question 20

How far is the nearest hospital from 515 SHERMAN, Salt Lake City?

Accepted Answer

The nearest hospital is Mr. Eric Glissmeyer, approximately 1.9 miles from the property. The nearest fire station is 1.8 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 21

What schools serve 515 SHERMAN, Salt Lake City?

Accepted Answer

Assigned schools: Elementary: Whittier; Middle: Hillside; High: East. There are 2 schools within 3 miles of this property. The highest-rated nearby school is Emerson School with a 58% state performance score (1.3 miles away). School district: Salt Lake.

Question 22

What high school is near 515 SHERMAN, Salt Lake City?

Accepted Answer

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

Question 23

What elementary school is near 515 SHERMAN, Salt Lake City?

Accepted Answer

The nearest elementary school is Whittier (1.3 miles away). State performance score: 58%. District: Salt Lake District. Propaired provides full school ratings and comparison data for all schools in this area.

Question 24

What middle school is near 515 SHERMAN, Salt Lake City?

Accepted Answer

The nearest middle school is Hillside.

Question 25

What is the internet speed at 515 SHERMAN, 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 (100 Mbps, Fixed Wireless); AT&T (25 Mbps, Fixed Wireless); CenturyLink (1000 Mbps, Fiber). Total providers: 11.

Question 26

Is 515 SHERMAN, 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 27

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

Accepted Answer

515 SHERMAN, Salt Lake City is listed at $825,900, which is above the Salt Lake City median of $570,000 by $255,900. There are currently 612 active listings in Salt Lake City. Homes in Salt Lake City sell in an average of 59 days. The average sale-to-list ratio is 98.8%.

Question 28

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 612 active listings. Homes sell in an average of 59 days. The average sale-to-list ratio is 98.8%. This listing at $825,900 is above the Salt Lake City 2026 median.

Question 29

Are there other homes for sale in Salt Lake City?

Accepted Answer

Yes — there are currently 612 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 59 days on average.

Question 30

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 31

How does this price compare to the Utah state average?

Accepted Answer

At $825,900, this property is above the Utah state median of $515,000 by $310,900. Salt Lake City prices are 11% 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 32

What is the Propaired intelligence score for 515 SHERMAN, Salt Lake City?

Accepted Answer

This property has a Propaired intelligence score of 53/100, combining deal value (30), recreation access (74), amenity proximity (76), broadband quality (100), and lifestyle features (3 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 33

What heating and cooling systems does 515 SHERMAN, Salt Lake City have?

Accepted Answer

Heating: Forced Air,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 34

What type of roof does 515 SHERMAN, Salt Lake City have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 76-year-old home, reviewing recent roof inspections is recommended.

Question 35

Does 515 SHERMAN, 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 36

What is 515 SHERMAN, 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 37

What type of flooring does 515 SHERMAN, 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 38

What are the water and sewer connections for 515 SHERMAN, Salt Lake City?

Accepted Answer

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

Question 39

What is the commute like from 515 SHERMAN, Salt Lake City?

Accepted Answer

515 SHERMAN, 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 40

What shopping and dining is near 515 SHERMAN, Salt Lake City?

Accepted Answer

The nearest restaurant is Kaiser's Texas Bar-B-Q (1.2 miles away) and the nearest grocery store is Smith's (1.4 miles). Coffee: Sweet Hazel & Co. Grab & Go (0.8 mi). Banking: Western Alliance Bank Loan Production Office (1.8 mi). Overall amenity proximity score: 76/100.

Question 41

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 42

What would homeowner's insurance cost for 515 SHERMAN, 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 $825,900, expect approximately $2,478-$4,130/year ($207-$344/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 43

What are the estimated closing costs for 515 SHERMAN, Salt Lake City?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $825,900, expect approximately $16,518-$41,295 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 44

How does the property tax compare to the list price at 515 SHERMAN, Salt Lake City?

Accepted Answer

The annual property tax of $2,967 represents an effective rate of 0.36% relative to the list price of $825,900. 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 45

What are the total estimated monthly costs for 515 SHERMAN, Salt Lake City?

Accepted Answer

Estimated total monthly housing cost: $4,612. This includes principal & interest ($4,090 at 6.30% with 20% down), property tax ($247/mo), and estimated insurance (~$275/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 46

Is 515 SHERMAN, Salt Lake City eligible for FHA or VA financing?

Accepted Answer

At $825,900, 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 47

What is the estimated cap rate for 515 SHERMAN, Salt Lake City?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 3.5%, based on estimated annual rent of $43,786 and a purchase price of $825,900. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 48

Is Salt Lake City a good rental market?

Accepted Answer

Estimated monthly rent in Salt Lake City is approximately $3,234. Homes in Salt Lake City sell in an average of 59 days, indicating healthy demand in this market. There are 612 active listings currently. Gross rental yield in this area: 5.3%. Utah's steady population growth continues to drive rental demand.

Question 49

Could 515 SHERMAN, Salt Lake City be a 1031 exchange property?

Accepted Answer

Yes, 515 SHERMAN, 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 50

How does 515 SHERMAN, Salt Lake City compare to recently sold homes nearby?

Accepted Answer

Based on 9 comparable properties, the median sold price in this area is $575,000. This listing is 44% above the comparable median. It ranks Premium among similar listings by value. The median for this property type specifically is $775,000. Comparable analysis is based on similar size, age, and location.

Question 51

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 $557,482. This listing is priced at 148% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 52

What is the price trend in Salt Lake City?

Accepted Answer

Salt Lake City's median price has decreased 16.4% month-over-month. Current median: $570,000. Days on market have increased by 11.0% month-over-month. Homes are selling at 98.8% of list price on average. Monitor these trends to time your offer strategically.

Question 53

Is 515 SHERMAN, Salt Lake City overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Standard." At 44% above comparable homes, the asking price is above the local median. Verify that premium features justify the price difference. Deal score: 30/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 54

What school district is 515 SHERMAN, Salt Lake City in?

Accepted Answer

This property is in the Salt Lake school district. Assigned elementary: Whittier. Assigned middle: Hillside. 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 55

How do nearby schools rank statewide?

Accepted Answer

Of the 2 nearby schools with state rankings, the highest-ranked is Emerson School at #168 statewide (58% performance score). Other ranked nearby schools include Salt Lake Arts Academy (#197). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 56

What parks are near 515 SHERMAN, Salt Lake City?

Accepted Answer

The nearest local park is Liberty Park (0.3 miles away). The nearest state park is This Is The Place Heritage Park (3.3 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 515 SHERMAN, Salt Lake City?

Accepted Answer

The nearest golf course is Forest Dale Golf Course, 2.0 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 515 SHERMAN, Salt Lake City?

Accepted Answer

Water recreation near this property includes: Jordanelle Reservoir (26.0 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 515 SHERMAN, Salt Lake City move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 60

What updates might 515 SHERMAN, Salt Lake City need?

Accepted Answer

At 76 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,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 61

Does 515 SHERMAN, 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 62

What is the lot like at 515 SHERMAN, Salt Lake City?

Accepted Answer

The lot is 0.07 acres. Lot features: Fenced: Part,Sidewalks,Sprinkler: Auto-Full,View: Mountain. Terrain: Fenced: Part, Sidewalks, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain. Views: Mountain(s).  Lot characteristics affect usability, privacy, and future improvement potential.

Question 63

What utilities are available at 515 SHERMAN, 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 64

Does 515 SHERMAN, 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.

515 SHERMAN, Salt Lake City, UT 84105

515 E SHERMAN AVE, Salt Lake City, UT 84105

About This Property

Features & Amenities

Property Info

Financial

Structure & Systems

Parking

Schools

Property Intelligence

Recreation & Amenities

Internet & Connectivity

All Property Details

Salt Lake City Market Context

Crime & Safety

Location

Connect with a Buyer’s Agent

Similar Homes

$695,000

$575,000

$499,000

$649,900

$549,000

Find Your Dream Home

Frequently Asked Questions

Discover