Question 1

What is the asking price for 423 1ST, Salt Lake City?

Accepted Answer

423 1ST, Salt Lake City is listed at $625,000 ($196/sqft).  This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 423 1ST, Salt Lake City have?

Accepted Answer

This Residential features 5 bedrooms, 5 bathrooms, 3,195 square feet of living space.  The lot is 0.16 acres.

Question 3

When was 423 1ST, Salt Lake City built?

Accepted Answer

This property was built in 1904, making it 122 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 423 1ST, Salt Lake City?

Accepted Answer

423 1ST, Salt Lake City is a Residential (> 4 Units). The architectural style is Stories: 2. It is located in the AVENUES subdivision. Zoning: Multi-Family.

Question 5

Does 423 1ST, Salt Lake City have a garage or parking?

Accepted Answer

Yes, this property includes 10 open parking spaces. Total parking capacity: 10 vehicles.

Question 6

Is there an HOA for 423 1ST, 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 423 1ST, Salt Lake City?

Accepted Answer

Annual property taxes for this property are approximately $4,467 (about $372/month). This represents an effective tax rate of approximately 0.71% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 423 1ST, Salt Lake City?

Accepted Answer

Exterior features include: Basement Entrance, Patio: Covered.

Question 9

Is 423 1ST, Salt Lake City a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Great Deal (vs Similar)" with a deal score of 100/100. Key deal signals: Priced 56% below similar homes; Priced 8% below market value; $2,490/mo LT net cash flow (+57.3% return on spend). The price is 56% below 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 $1,425,000 (based on 9 homes). At $625,000, this listing is 56% below the median for comparable homes. It ranks #Deep Discount among similar listings by value.

Question 11

What would the monthly mortgage payment be for 423 1ST, 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 $3,137. Including estimated taxes, the total monthly cost is approximately $3,509. A 15-year mortgage at 5.79% would be $4,163/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 12

How long has 423 1ST, Salt Lake City been on the market?

Accepted Answer

This property has been listed for 7 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 423 1ST, Salt Lake City a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $93,182 with a gross rental yield of 14.9%. Net rental yield (after estimated expenses): 9.7%. This property passes the 1% rule — monthly rent exceeds 1% of purchase price. Estimated debt service coverage ratio (DSCR): 2.18. Investor score: 55/100. These are estimates based on area comparables.

Question 14

What is the estimated rental income for 423 1ST, Salt Lake City?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $7,765 ($93,180/year). The gross rent multiplier is 6.7x (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 423 1ST, Salt Lake City offer?

Accepted Answer

Propaired's AI has identified 4 lifestyle features for this property: Investor Special, Historic/Character, Walkable, Bikeable. The primary lifestyle niche is "investor_special." These tags are derived from MLS data, property features, and location analysis.

Question 16

What recreation is near 423 1ST, Salt Lake City?

Accepted Answer

This property has a recreation score of 82/100. Nearby recreation includes: Popperton Park trailhead (1.1 mi); Shipp Park park (0.2 mi); Bonneville Golf Course (3.0 mi); This Is The Place Heritage Park (3.1 mi). Skiing: Solitude Mountain Resort (17.4 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 17

Are there hiking trails near 423 1ST, Salt Lake City?

Accepted Answer

Yes, the nearest trailhead is Popperton Park, just 1.1 miles from the property. This Is The Place Heritage Park is 3.1 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 18

What amenities and services are near 423 1ST, Salt Lake City?

Accepted Answer

This property has an amenity proximity score of 76/100. Nearby services include: Grocery: Harmons Emigration Market (2.6 mi); Hospital: VA Medical Hospital (2.1 mi); Pharmacy: Dan's Foothill Pharmacy (3.1 mi); Dining: Litzas Pizza (0.8 mi). Gas station: 2.9 miles. Gym: Wild Yogi (3.5 mi).

Question 19

How far is the nearest hospital from 423 1ST, Salt Lake City?

Accepted Answer

The nearest hospital is VA Medical Hospital, approximately 2.1 miles from the property. The nearest fire station is 2.6 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 20

What schools serve 423 1ST, Salt Lake City?

Accepted Answer

Assigned schools: Elementary: Wasatch; Middle: Bryant; High: West. There are 2 schools within 3 miles of this property. The highest-rated nearby school is Emerson School with a 58% state performance score (2.5 miles away). School district: Salt Lake.

Question 21

What high school is near 423 1ST, Salt Lake City?

Accepted Answer

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

Question 22

What elementary school is near 423 1ST, Salt Lake City?

Accepted Answer

The nearest elementary school is Wasatch (2.5 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 23

What middle school is near 423 1ST, Salt Lake City?

Accepted Answer

The nearest middle school is Bryant.

Question 24

What is the internet speed at 423 1ST, Salt Lake City?

Accepted Answer

This property has a broadband score of 100/100 (Excellent). Best available speed: 10000 Mbps download / 10000 Mbps upload. Fiber internet is available at this address. Available providers: AT&T (100 Mbps, Fixed Wireless); Beehive Broadband (1000 Mbps, Fiber); CenturyLink (1000 Mbps, Fiber). Total providers: 14.

Question 25

Is 423 1ST, 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 26

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

Accepted Answer

423 1ST, Salt Lake City is listed at $625,000, which is above the Salt Lake City median of $587,500 by $37,500. 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 27

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 $625,000 is above the Salt Lake City 2026 median.

Question 28

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 29

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 30

How does this price compare to the Utah state average?

Accepted Answer

At $625,000, this property is above the Utah state median of $525,000 by $100,000. 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 31

What is the Propaired intelligence score for 423 1ST, Salt Lake City?

Accepted Answer

This property has a Propaired intelligence score of 79/100, combining deal value (100), recreation access (82), amenity proximity (76), broadband quality (100), and lifestyle features (4 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 32

What type of roof does 423 1ST, Salt Lake City have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 122-year-old home, reviewing recent roof inspections is recommended.

Question 33

What is 423 1ST, Salt Lake City constructed from?

Accepted Answer

Construction materials include: Brick,Concrete. Brick construction is durable and low-maintenance, offering excellent insulation and fire resistance.

Question 34

What are the water and sewer connections for 423 1ST, 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 35

What is the commute like from 423 1ST, Salt Lake City?

Accepted Answer

423 1ST, 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 36

What shopping and dining is near 423 1ST, Salt Lake City?

Accepted Answer

The nearest restaurant is Litzas Pizza (0.8 miles away) and the nearest grocery store is Harmons Emigration Market (2.6 miles). Coffee: Art Cafe (1.6 mi). Banking: Chase Bank (2.9 mi). Overall amenity proximity score: 76/100.

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 423 1ST, 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 $625,000, expect approximately $1,875-$3,125/year ($156-$260/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 423 1ST, Salt Lake City?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $625,000, expect approximately $12,500-$31,250 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 423 1ST, Salt Lake City?

Accepted Answer

The annual property tax of $4,467 represents an effective rate of 0.71% relative to the list price of $625,000. 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 41

What are the total estimated monthly costs for 423 1ST, Salt Lake City?

Accepted Answer

Estimated total monthly housing cost: $3,717. This includes principal & interest ($3,137 at 6.43% with 20% down), property tax ($372/mo), and estimated insurance (~$208/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 42

Is 423 1ST, Salt Lake City eligible for FHA or VA financing?

Accepted Answer

At $625,000, 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 423 1ST, Salt Lake City?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 9.7%, based on estimated annual rent of $93,182 and a purchase price of $625,000. A cap rate above 6% is generally considered strong for residential investment. This property also passes the 1% rule.

Question 44

Is Salt Lake City a good rental market?

Accepted Answer

Estimated monthly rent in Salt Lake City is approximately $5,591. 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: 14.9%. Utah's steady population growth continues to drive rental demand.

Question 45

Could 423 1ST, Salt Lake City be a 1031 exchange property?

Accepted Answer

Yes, 423 1ST, 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 423 1ST, Salt Lake City compare to recently sold homes nearby?

Accepted Answer

Based on 9 comparable properties, the median sold price in this area is $1,425,000. This listing is 56% below the comparable median. It ranks Deep Discount among similar listings by value. The median for this property type specifically is $2,200,000. 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 decreased 1.5% over the past year. The current Zillow Home Value Index for this area is $680,828. This listing is priced at 92% 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 423 1ST, Salt Lake City overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Great Deal (vs Similar)." At 56% below comparable homes, this property appears competitively priced. 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 423 1ST, Salt Lake City in?

Accepted Answer

This property is in the Salt Lake school district. Assigned elementary: Wasatch. Assigned middle: Bryant. Assigned high: West. 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 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 52

What parks are near 423 1ST, Salt Lake City?

Accepted Answer

The nearest local park is Shipp Park (0.2 miles away). The nearest state park is This Is The Place Heritage Park (3.1 miles).  Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 53

Is there a golf course near 423 1ST, Salt Lake City?

Accepted Answer

The nearest golf course is Bonneville Golf Course, 3.0 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 54

What water activities are near 423 1ST, Salt Lake City?

Accepted Answer

Water recreation near this property includes: Rockport Reservoir (25.4 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 55

Is 423 1ST, Salt Lake City move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 56

What updates might 423 1ST, Salt Lake City need?

Accepted Answer

At 122 years old, common updates to consider include: roof replacement (if original), HVAC system update, electrical panel upgrade, water heater replacement. Current roof: Asphalt.  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 57

Does 423 1ST, 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 58

What is the lot like at 423 1ST, Salt Lake City?

Accepted Answer

The lot is 0.16 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

Question 59

What utilities are available at 423 1ST, 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 60

Is there EV charging near 423 1ST, Salt Lake City?

Accepted Answer

The nearest EV charging station is ChargePoint Charging Station, approximately 2.3 miles from the property. A home EV charger can be installed if 240V electrical service is available. Utah offers a growing EV charging network along major corridors and in urban centers. Convenient public charging is available nearby for supplemental needs.

Question 61

Is 423 1ST, Salt Lake City a historic or character home?

Accepted Answer

This property has been identified as a historic or character home, meaning it features distinctive architectural details, craftsmanship, or historical significance. Built in 1904, it represents early Utah settlement era architecture. Architectural style: Stories: 2. Historic homes may qualify for preservation tax credits. Consider potential limitations on exterior modifications if in a historic district.

423 1ST, Salt Lake City, UT 84103

423 E 1ST AVE, Salt Lake City, UT 84103

About This Property

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Recreation NearbyScore: 82/100

Amenities NearbyScore: 76/100

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