Question 1

What is the asking price for this property, Summit?

Accepted Answer

this property, Summit is listed at $450,000.  This listing is currently active and available for showings.

Question 2

What type of property is this property, Summit?

Accepted Answer

this property, Summit is a Land (Recreational).   Zoning: Agricultural.

Question 3

Is there an HOA for this property, Summit?

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 4

What are the property taxes for this property, Summit?

Accepted Answer

Annual property taxes for this property are approximately $933 (about $78/month). This represents an effective tax rate of approximately 0.21% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 5

How long has this property, Summit been on the market?

Accepted Answer

This property has been listed for 238 days.  Extended time on market may present negotiation opportunities for buyers.

Question 6

What schools serve this property, Summit?

Accepted Answer

Assigned schools: Elementary: Parowan; Middle: None/Other; High: Parowan.   School district: Iron.

Question 7

What high school is near this property, Summit?

Accepted Answer

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

Question 8

What elementary school is near this property, Summit?

Accepted Answer

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

Question 9

What middle school is near this property, Summit?

Accepted Answer

The nearest middle school is None/Other.

Question 10

What would homeowner's insurance cost for this property, Summit?

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 $450,000, expect approximately $1,350-$2,250/year ($113-$188/month).   Get multiple quotes — rates vary significantly by insurer.

Question 11

What are the estimated closing costs for this property, Summit?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $450,000, expect approximately $9,000-$22,500 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 12

How does the property tax compare to the list price at this property, Summit?

Accepted Answer

The annual property tax of $933 represents an effective rate of 0.21% relative to the list price of $450,000. 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 13

Is this property, Summit eligible for FHA or VA financing?

Accepted Answer

At $450,000, this property is likely within FHA loan limits for most Utah counties. VA loans have no price cap but require VA eligibility.    Consult a mortgage lender for personalized eligibility.

Question 14

Could this property, Summit be a 1031 exchange property?

Accepted Answer

Yes, this property, Summit 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 15

What school district is this property, Summit in?

Accepted Answer

This property is in the Iron school district. Assigned elementary: Parowan. Assigned middle: None/Other. Assigned high: Parowan. School district boundaries can affect property values by 5-15%. Contact the district directly to confirm current enrollment boundaries, as they may change.

Question 16

Is this property, Summit move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 17

Does this property, Summit 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 18

What is the lot like at this property, Summit?

Accepted Answer

The lot is 32 acres. Lot features: Fenced: Part,Terrain: Grad Slope,Terrain: Steep Slope,View: Mountain. Terrain: Terrain: Grad Slope, Terrain: Steep Slope.   Lot characteristics affect usability, privacy, and future improvement potential.

, Summit, UT 84772

Summit, UT, 84772

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