Question 1

What is the asking price for 424 REDWOOD, Salt Lake City?

Accepted Answer

424 REDWOOD, Salt Lake City is listed at $1,999,999.  Current status: Pending.

Question 2

When was 424 REDWOOD, Salt Lake City built?

Accepted Answer

This property was built in 1978, making it 48 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 424 REDWOOD, Salt Lake City?

Accepted Answer

424 REDWOOD, Salt Lake City is a Commercial Sale (Retail).

Question 4

Is there an HOA for 424 REDWOOD, 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 424 REDWOOD, Salt Lake City?

Accepted Answer

Annual property taxes for this property are approximately $15,597 (about $1,300/month). This represents an effective tax rate of approximately 0.78% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 6

How long has 424 REDWOOD, Salt Lake City been on the market?

Accepted Answer

This property has been listed for 43 days. The average days on market in Salt Lake City is 41 days, meaning this listing is taking longer than the local average.

Question 7

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

Accepted Answer

424 REDWOOD, Salt Lake City is listed at $1,999,999, which is above the Salt Lake City median of $587,500 by $1,412,499. 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 8

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 $1,999,999 is above the Salt Lake City 2026 median.

Question 9

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 10

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 11

How does this price compare to the Utah state average?

Accepted Answer

At $1,999,999, this property is above the Utah state median of $525,000 by $1,474,999. 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 12

What is the commute like from 424 REDWOOD, Salt Lake City?

Accepted Answer

424 REDWOOD, 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 13

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 14

What would homeowner's insurance cost for 424 REDWOOD, 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 $1,999,999, expect approximately $6,000-$10,000/year ($500-$833/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 15

What are the estimated closing costs for 424 REDWOOD, Salt Lake City?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $1,999,999, expect approximately $40,000-$100,000 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 16

How does the property tax compare to the list price at 424 REDWOOD, Salt Lake City?

Accepted Answer

The annual property tax of $15,597 represents an effective rate of 0.78% relative to the list price of $1,999,999. 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 17

Is 424 REDWOOD, Salt Lake City eligible for FHA or VA financing?

Accepted Answer

At $1,999,999, 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 18

Could 424 REDWOOD, Salt Lake City be a 1031 exchange property?

Accepted Answer

Yes, 424 REDWOOD, 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 19

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 20

Is 424 REDWOOD, Salt Lake City move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 21

What updates might 424 REDWOOD, Salt Lake City need?

Accepted Answer

At 48 years old, common updates to consider include: roof replacement (if original), HVAC system update, electrical panel upgrade, water heater replacement.   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 22

Does 424 REDWOOD, 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 23

What is the lot like at 424 REDWOOD, Salt Lake City?

Accepted Answer

The lot is 0.88 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

424 REDWOOD, Salt Lake City, UT 84104

424 S REDWOOD RD, Salt Lake City, UT 84104

About This Property

Property Info

Financial

Parking

All Property Details

Property Info

Financial

Lot & Land

Parking

Amenities

Timeline

Salt Lake City Market Context

Crime & Safety

Salt Lake City compared to:

vs National Average (FBI UCR 2024)

Find Your Dream Home

Frequently Asked Questions

Discover