Question 1

What is the asking price for INTERSTATE HWY I-70, Thompson?

Accepted Answer

INTERSTATE HWY I-70, Thompson is listed at $23,000,000.  This listing is currently active and available for showings.

Question 2

What type of property is INTERSTATE HWY I-70, Thompson?

Accepted Answer

INTERSTATE HWY I-70, Thompson is a Land (Other).

Question 3

Is there an HOA for INTERSTATE HWY I-70, Thompson?

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 INTERSTATE HWY I-70, Thompson?

Accepted Answer

Annual property taxes for this property are approximately $282 (about $24/month). This represents an effective tax rate of approximately 0.00% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 5

How long has INTERSTATE HWY I-70, Thompson been on the market?

Accepted Answer

This property has been listed for 494 days.  Extended time on market may present negotiation opportunities for buyers.

Question 6

What schools serve INTERSTATE HWY I-70, Thompson?

Accepted Answer

Assigned schools: Elementary: Helen M. Knight; High: Grand County.   School district: Grand.

Question 7

What high school is near INTERSTATE HWY I-70, Thompson?

Accepted Answer

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

Question 8

What elementary school is near INTERSTATE HWY I-70, Thompson?

Accepted Answer

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

Question 9

What are the water and sewer connections for INTERSTATE HWY I-70, Thompson?

Accepted Answer

Sewer: Sewer: Not Connected.   Water is a critical consideration in Utah's arid climate.

Question 10

What would homeowner's insurance cost for INTERSTATE HWY I-70, Thompson?

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 $23,000,000, expect approximately $69,000-$115,000/year ($5,750-$9,583/month).   Get multiple quotes — rates vary significantly by insurer.

Question 11

What are the estimated closing costs for INTERSTATE HWY I-70, Thompson?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $23,000,000, expect approximately $460,000-$1,150,000 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 12

How does the property tax compare to the list price at INTERSTATE HWY I-70, Thompson?

Accepted Answer

The annual property tax of $282 represents an effective rate of 0.00% relative to the list price of $23,000,000. 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 INTERSTATE HWY I-70, Thompson eligible for FHA or VA financing?

Accepted Answer

At $23,000,000, 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 14

Could INTERSTATE HWY I-70, Thompson be a 1031 exchange property?

Accepted Answer

Yes, INTERSTATE HWY I-70, Thompson 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 INTERSTATE HWY I-70, Thompson in?

Accepted Answer

This property is in the Grand school district. Assigned elementary: Helen M. Knight.  Assigned high: Grand County. 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 INTERSTATE HWY I-70, Thompson move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 17

Does INTERSTATE HWY I-70, Thompson 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 INTERSTATE HWY I-70, Thompson?

Accepted Answer

The lot is 80.34 acres. Lot features: Corner Lot,Fenced: Part,View: Mountain,Terrain: Flat,Horse Property. Terrain: Terrain: Flat.   Lot characteristics affect usability, privacy, and future improvement potential.

Question 19

What utilities are available at INTERSTATE HWY I-70, Thompson?

Accepted Answer

Available utilities include: Gas: Not Connected,Power: Not Connected,Sewer: Not Connected.  Sewer: Sewer: Not 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.

INTERSTATE HWY I-70, Thompson, UT 84540

INTERSTATE HWY I-70, Thompson, UT 84540

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