Question 1

What is the asking price for this property, Torrey?

Accepted Answer

this property, Torrey is listed at $1,900,000. The original list price was $3,500,000, representing a reduction of $1,600,000. This listing is currently active and available for showings.

Question 2

What type of property is this property, Torrey?

Accepted Answer

this property, Torrey is a Land (Residential).   Zoning: Single-Family.

Question 3

Is there an HOA for this property, Torrey?

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, Torrey?

Accepted Answer

Annual property taxes for this property are approximately $1,217 (about $101/month). This represents an effective tax rate of approximately 0.06% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 5

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

Accepted Answer

This property has been listed for 248 days.  Extended time on market may present negotiation opportunities for buyers.

Question 6

What schools serve this property, Torrey?

Accepted Answer

Assigned schools: Elementary: Loa; Middle: Wayne; High: Wayne.   School district: Wayne.

Question 7

What high school is near this property, Torrey?

Accepted Answer

The nearest high school is Wayne. 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, Torrey?

Accepted Answer

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

Question 9

What middle school is near this property, Torrey?

Accepted Answer

The nearest middle school is Wayne.

Question 10

What are the water and sewer connections for this property, Torrey?

Accepted Answer

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 11

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

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 $1,900,000, expect approximately $5,700-$9,500/year ($475-$792/month).   Get multiple quotes — rates vary significantly by insurer.

Question 12

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

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $1,900,000, expect approximately $38,000-$95,000 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 13

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

Accepted Answer

The annual property tax of $1,217 represents an effective rate of 0.06% relative to the list price of $1,900,000. 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 14

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

Accepted Answer

At $1,900,000, 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 15

Could this property, Torrey be a 1031 exchange property?

Accepted Answer

Yes, this property, Torrey 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 16

What school district is this property, Torrey in?

Accepted Answer

This property is in the Wayne school district. Assigned elementary: Loa. Assigned middle: Wayne. Assigned high: Wayne. School district boundaries can affect property values by 5-15%. Contact the district directly to confirm current enrollment boundaries, as they may change.

Question 17

Is this property, Torrey move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 18

Does this property, Torrey 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 19

What is the lot like at this property, Torrey?

Accepted Answer

The lot is 20.1 acres. Lot features: Fenced: Part,Terrain: Hilly,View: Mountain,Terrain: Flat,Equestrian Access,Horse Property. Terrain: Terrain: Flat, Terrain: Hilly.   Lot characteristics affect usability, privacy, and future improvement potential.

Question 20

What utilities are available at this property, Torrey?

Accepted Answer

Available utilities include: Natural Gas Not Available,Electricity Available,Power: Not Connected,Sewer: Septic Tank.  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.

, Torrey, UT 84775

Torrey, UT, 84775

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