Question 1

What is the asking price for 5060 MILE HIGH, Salt Lake City?

Accepted Answer

5060 MILE HIGH, Salt Lake City is listed at $2,300,000 ($252/sqft).  This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 5060 MILE HIGH, Salt Lake City have?

Accepted Answer

This Residential features 4 bedrooms, 5 bathrooms, 9,128 square feet of living space. It is a 4-story home. The lot is 16.9 acres.

Question 3

When was 5060 MILE HIGH, Salt Lake City built?

Accepted Answer

This property was built in 1979, making it 47 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 5060 MILE HIGH, Salt Lake City?

Accepted Answer

5060 MILE HIGH, Salt Lake City is a Residential (Single Family Residence). The architectural style is Stories: 2.  Zoning: Single-Family.

Question 5

Does 5060 MILE HIGH, Salt Lake City have a garage or parking?

Accepted Answer

Yes, this property includes a 3-car garage and a carport. Total parking capacity: 5 vehicles.

Question 6

Is there an HOA for 5060 MILE HIGH, Salt Lake City?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $1 annually. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

What are the property taxes for 5060 MILE HIGH, Salt Lake City?

Accepted Answer

Annual property taxes for this property are approximately $22,185 (about $1,849/month). This represents an effective tax rate of approximately 0.96% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 5060 MILE HIGH, Salt Lake City?

Accepted Answer

Interior features include: Bath: Sep. Tub/Shower, Disposal, Mother-in-Law Apt., Vaulted Ceilings. Exterior features include: Basement Entrance, Double Pane Windows, Entry (Foyer), Out Buildings, Lighting.  Private pool included.  View: Lake,Mountain(s),Valley.

Question 9

Is 5060 MILE HIGH, Salt Lake City a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Great Deal (vs Market)" with a deal score of 100/100. Key deal signals: Priced 62% below market value; $176/mo LT net cash flow (+1.1% return on spend). The price is 7% 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 $2,149,500 (based on 10 homes). At $2,300,000, this listing is 7% above the median for comparable homes. It ranks #Above Similar among similar listings by value.

Question 11

What would the monthly mortgage payment be for 5060 MILE HIGH, Salt Lake City?

Accepted Answer

At the current 30-year mortgage rate of 6.43% with 20% down, the estimated monthly principal and interest payment is $11,545. Including estimated taxes and HOA fees, the total monthly cost is approximately $13,395. A 15-year mortgage at 5.79% would be $15,319/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 12

How long has 5060 MILE HIGH, 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 39 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 13

Is 5060 MILE HIGH, Salt Lake City a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $226,872 with a gross rental yield of 9.9%. Net rental yield (after estimated expenses): 6.4%.  Estimated debt service coverage ratio (DSCR): 1.44. Investor score: 63/100. These are estimates based on area comparables.

Question 14

What is the estimated rental income for 5060 MILE HIGH, Salt Lake City?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $18,906 ($226,872/year). The gross rent multiplier is 10.1x (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 5060 MILE HIGH, Salt Lake City offer?

Accepted Answer

Propaired's AI has identified 5 lifestyle features for this property: Pool, ADU/Multigenerational, Scenic Views, Workshop/Maker Space, Large Acreage. The primary lifestyle niche is "adu_multigenerational." These tags are derived from MLS data, property features, and location analysis.

Question 16

Does 5060 MILE HIGH, Salt Lake City have a pool?

Accepted Answer

Yes, this property includes a private pool.  Utah summers can reach 100°F+, making a pool a valuable amenity. Consider seasonal maintenance costs of approximately $2,000-$4,000/year for a Utah pool.

Question 17

How much land comes with 5060 MILE HIGH, Salt Lake City?

Accepted Answer

This property sits on 16.9 acres.   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 5060 MILE HIGH, Salt Lake City?

Accepted Answer

Assigned schools: Elementary: Oakwood; Middle: Churchill; High: Skyline. There are 5 schools within 3 miles of this property. The highest-rated nearby school is Olympus High with a 62% state performance score (2.1 miles away). School district: Granite.

Question 19

What high school is near 5060 MILE HIGH, 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 20

What elementary school is near 5060 MILE HIGH, Salt Lake City?

Accepted Answer

The nearest elementary school is Oakwood (1.4 miles away). State performance score: 61%. District: Granite District. Propaired provides full school ratings and comparison data for all schools in this area.

Question 21

What middle school is near 5060 MILE HIGH, Salt Lake City?

Accepted Answer

The nearest middle school is Churchill.

Question 22

How good are the schools near 5060 MILE HIGH, Salt Lake City?

Accepted Answer

Of the 5 schools within 3 miles, 5 have state performance data with an average score of 58%.  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 23

Is 5060 MILE HIGH, 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 24

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

Accepted Answer

5060 MILE HIGH, Salt Lake City is listed at $2,300,000, which is above the Salt Lake City median of $587,500 by $1,712,500. There are currently 660 active listings in Salt Lake City. Homes in Salt Lake City sell in an average of 39 days. The average sale-to-list ratio is 99.4%.

Question 25

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 660 active listings. Homes sell in an average of 39 days. The average sale-to-list ratio is 99.4%. This listing at $2,300,000 is above the Salt Lake City 2026 median.

Question 26

Are there other homes for sale in Salt Lake City?

Accepted Answer

Yes — there are currently 660 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 39 days on average.

Question 27

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 28

How does this price compare to the Utah state average?

Accepted Answer

At $2,300,000, this property is above the Utah state median of $525,000 by $1,775,000. 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 29

What is the Propaired intelligence score for 5060 MILE HIGH, Salt Lake City?

Accepted Answer

This property has a Propaired intelligence score of 55/100, combining deal value (100), 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 30

What heating and cooling systems does 5060 MILE HIGH, Salt Lake City have?

Accepted Answer

Heating: Electric. 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 31

What type of roof does 5060 MILE HIGH, Salt Lake City have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 47-year-old home, reviewing recent roof inspections is recommended.

Question 32

Does 5060 MILE HIGH, Salt Lake City have a basement?

Accepted Answer

Yes, the basement is described as: Daylight,Entrance,Full,Walk-Out Access. 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 33

What is 5060 MILE HIGH, Salt Lake City constructed from?

Accepted Answer

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

Question 34

What type of flooring does 5060 MILE HIGH, Salt Lake City have?

Accepted Answer

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

Question 35

What are the water and sewer connections for 5060 MILE HIGH, Salt Lake City?

Accepted Answer

Water source: Culinary. Sewer: Septic Tank.  Septic systems require regular pumping (every 3-5 years) and inspection. Budget approximately $300-$500 for routine maintenance. Water is a critical consideration in Utah's arid climate.

Question 36

What is the commute like from 5060 MILE HIGH, Salt Lake City?

Accepted Answer

5060 MILE HIGH, 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 37

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 38

What would homeowner's insurance cost for 5060 MILE HIGH, 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 $2,300,000, expect approximately $6,900-$11,500/year ($575-$958/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 39

What are the estimated closing costs for 5060 MILE HIGH, Salt Lake City?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $2,300,000, expect approximately $46,000-$115,000 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 40

How does the property tax compare to the list price at 5060 MILE HIGH, Salt Lake City?

Accepted Answer

The annual property tax of $22,185 represents an effective rate of 0.96% relative to the list price of $2,300,000. This is above the Utah average of approximately 0.58%. Taxes may adjust after a sale based on the county's reassessment. Property taxes in Utah are assessed by the county and can change when the property is sold.

Question 41

What are the total estimated monthly costs for 5060 MILE HIGH, Salt Lake City?

Accepted Answer

Estimated total monthly housing cost: $14,162. This includes principal & interest ($11,545 at 6.43% with 20% down), property tax ($1,849/mo), HOA ($1/mo), and estimated insurance (~$767/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 42

Is 5060 MILE HIGH, Salt Lake City eligible for FHA or VA financing?

Accepted Answer

At $2,300,000, 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 43

What is the estimated cap rate for 5060 MILE HIGH, Salt Lake City?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 6.4%, based on estimated annual rent of $226,872 and a purchase price of $2,300,000. A cap rate above 6% is generally considered strong for residential investment.

Question 44

Is Salt Lake City a good rental market?

Accepted Answer

Estimated monthly rent in Salt Lake City is approximately $15,974. Homes in Salt Lake City sell in an average of 39 days, indicating healthy demand in this market. There are 660 active listings currently. Gross rental yield in this area: 9.9%. Utah's steady population growth continues to drive rental demand.

Question 45

Could 5060 MILE HIGH, Salt Lake City be a 1031 exchange property?

Accepted Answer

Yes, 5060 MILE HIGH, 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 46

How does 5060 MILE HIGH, Salt Lake City compare to recently sold homes nearby?

Accepted Answer

Based on 10 comparable properties, the median sold price in this area is $2,149,500. This listing is 7% above the comparable median. It ranks Above Similar among similar listings by value. The median for this property type specifically is $704,500. Comparable analysis is based on similar size, age, and location.

Question 47

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 0.9% over the past year. The current Zillow Home Value Index for this area is $1,567,676. This listing is priced at 147% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 48

What is the price trend in Salt Lake City?

Accepted Answer

Salt Lake City's median price has decreased 9.2% month-over-month. Current median: $587,500. Days on market have increased by 27.8% month-over-month. Homes are selling at 99.4% of list price on average. Monitor these trends to time your offer strategically.

Question 49

Is 5060 MILE HIGH, Salt Lake City overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Great Deal (vs Market)." At 7% above comparable homes, the asking price is above the local median. Verify that premium features justify the price difference. Deal score: 100/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 50

What school district is 5060 MILE HIGH, Salt Lake City in?

Accepted Answer

This property is in the Granite school district. Assigned elementary: Oakwood. 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 51

How do nearby schools rank statewide?

Accepted Answer

Of the 5 nearby schools with state rankings, the highest-ranked is Oakridge School at #154 statewide (61% performance score). Other ranked nearby schools include Lone Peak School (#213) and Olympus High (#229). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 52

Is 5060 MILE HIGH, Salt Lake City move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 53

What updates might 5060 MILE HIGH, Salt Lake City need?

Accepted Answer

At 47 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: Electric. 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 54

Does 5060 MILE HIGH, 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 55

What is the lot like at 5060 MILE HIGH, Salt Lake City?

Accepted Answer

The lot is 16.9 acres. Lot features: Cul-De-Sac,Road: Paved,Secluded,Sprinkler: Auto-Part,Terrain: Grad Slope,Terrain: Mountain,View: Lake,View: Mountain,View: Valley,Private. Terrain: Cul-de-Sac, Road: Paved, Secluded Yard, Sprinkler: Auto-Part, Terrain, Flat, Terrain: Grad Slope, Terrain: Mountain, View: Lake, View: Mountain, View: Valley, Private. Views: Lake,Mountain(s),Valley.  Lot characteristics affect usability, privacy, and future improvement potential.

Question 56

What utilities are available at 5060 MILE HIGH, Salt Lake City?

Accepted Answer

Available utilities include: Electricity Connected,Sewer: Septic Tank. Water source: Culinary. Sewer: Septic Tank. 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.

5060 MILE HIGH, Salt Lake City, UT 84124

5060 S MILE HIGH DR, Salt Lake City, UT 84124

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