Question 1

What is the asking price for 240 250, Torrey?

Accepted Answer

240 250, Torrey is listed at $699,999 ($429/sqft). The original list price was $724,999, representing a reduction of $25,000. This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 240 250, Torrey have?

Accepted Answer

This Residential features 3 bedrooms, 2 bathrooms, 1,630 square feet of living space. It is a 1-story home. The lot is 0.56 acres.

Question 3

When was 240 250, Torrey built?

Accepted Answer

This property was built in 2024, making it 2 years old. As a newer construction, it likely features modern building codes, energy-efficient systems, and contemporary finishes.

Question 4

What type of property is 240 250, Torrey?

Accepted Answer

240 250, Torrey is a Residential (Single Family Residence).  It is located in the RAINBOW RIM subdivision. Zoning: Single-Family.

Question 5

Does 240 250, Torrey have a garage or parking?

Accepted Answer

Yes, this property includes a 2-car garage and 6 open parking spaces. Total parking capacity: 8 vehicles. The property also accommodates RV parking.

Question 6

Is there an HOA for 240 250, 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 7

What are the property taxes for 240 250, Torrey?

Accepted Answer

Annual property taxes for this property are approximately $3,200 (about $267/month). This represents an effective tax rate of approximately 0.46% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 240 250, Torrey?

Accepted Answer

Interior features include: Closet: Walk-In, Disposal, Great Room, Vaulted Ceilings, Instantaneous Hot Water. Exterior features include: Double Pane Windows, Patio: Covered. The home has 1 fireplace.  Spa/hot tub included. View: Mountain(s).

Question 9

Is 240 250, Torrey a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 45/100. Key deal signals: 3% price reduction from original list. The price is 0% 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 Torrey?

Accepted Answer

The median price for similar properties in the area is $699,000 (based on 3 homes). At $699,999, this listing is 0% above the median for comparable homes. It ranks #Fair Price among similar listings by value.

Question 11

Has the price been reduced on 240 250, Torrey?

Accepted Answer

Yes, the price has been reduced by 3.5% from the original list price of $724,999 to the current price of $699,999 — a reduction of $25,000. Price reductions can indicate seller motivation or market adjustment.

Question 12

What would the monthly mortgage payment be for 240 250, Torrey?

Accepted Answer

At the current 30-year mortgage rate of 6.43% with 20% down, the estimated monthly principal and interest payment is $3,514. Including estimated taxes, the total monthly cost is approximately $3,781. A 15-year mortgage at 5.79% would be $4,662/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 13

How long has 240 250, Torrey been on the market?

Accepted Answer

This property has been listed for 31 days.

Question 14

Can 240 250, Torrey be used as a short-term rental?

Accepted Answer

This property shows potential for short-term rental use (Airbnb/VRBO). Estimated annual STR revenue: $37,804. Check local zoning regulations and HOA rules before purchasing for STR purposes — many Utah municipalities have specific short-term rental ordinances.

Question 15

What lifestyle features does 240 250, Torrey offer?

Accepted Answer

Propaired's AI has identified 7 lifestyle features for this property: ADU/Multigenerational, RV-Friendly, Green/Sustainable, Scenic Views, Hot Tub/Spa, Investor Special, Short-Term Rental Potential. The primary lifestyle niche is "investor_special." These tags are derived from MLS data, property features, and location analysis.

Question 16

What schools serve 240 250, Torrey?

Accepted Answer

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

Question 17

What high school is near 240 250, 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 18

What elementary school is near 240 250, Torrey?

Accepted Answer

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

Question 19

What middle school is near 240 250, Torrey?

Accepted Answer

The nearest middle school is Wayne.

Question 20

What is the internet speed at 240 250, Torrey?

Accepted Answer

This property has a broadband score of 100/100 (Excellent). Best available speed: 1000 Mbps download / 1000 Mbps upload. Fiber internet is available at this address. Available providers: Beehive Broadband (0 Mbps, Fixed Wireless); HughesNet (100 Mbps, Satellite); South Central Communications (1000 Mbps, Fiber). Total providers: 5.

Question 21

Is 240 250, Torrey in a flood zone?

Accepted Answer

This property is classified as low.  Flood insurance is not typically required but may be recommended.  Always verify current FEMA maps as they are periodically updated.

Question 22

What is the Propaired intelligence score for 240 250, Torrey?

Accepted Answer

This property has a Propaired intelligence score of 36/100, combining deal value (45), recreation access (N/A), amenity proximity (N/A), broadband quality (100), and lifestyle features (7 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 23

Does 240 250, Torrey have energy-efficient or green features?

Accepted Answer

This property has been tagged as green/sustainable, indicating energy-efficient features. Heating: Heat Pump. Cooling: Central Air,Heat Pump. Green homes may include solar panels, Energy Star appliances, high-efficiency HVAC, insulated windows, and sustainable building materials. Ask the listing agent for specific energy certifications or efficiency ratings.

Question 24

What heating and cooling systems does 240 250, Torrey have?

Accepted Answer

Heating: Heat Pump. Cooling: Central Air,Heat Pump. Modern HVAC systems typically last 15-20 years with proper maintenance. Utah's climate ranges from sub-zero winters to 100°F+ summers, making reliable heating and cooling essential.

Question 25

What type of roof does 240 250, Torrey have?

Accepted Answer

The roof material is Metal. Metal roofs are highly durable and can last 40-70 years with minimal maintenance. With a 2-year-old home, reviewing recent roof inspections is recommended.

Question 26

Does 240 250, Torrey have a basement?

Accepted Answer

Yes, the basement is described as: None. Basements in Utah are common and add versatile living or storage space. Check for any signs of moisture or foundation issues during the home inspection.

Question 27

What is 240 250, Torrey constructed from?

Accepted Answer

Construction materials include: Stucco. The construction type affects long-term maintenance requirements and insurance costs.

Question 28

What are the water and sewer connections for 240 250, Torrey?

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 29

What would homeowner's insurance cost for 240 250, 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 $699,999, expect approximately $2,100-$3,500/year ($175-$292/month).   Get multiple quotes — rates vary significantly by insurer.

Question 30

What are the estimated closing costs for 240 250, Torrey?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $699,999, expect approximately $14,000-$35,000 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 31

How does the property tax compare to the list price at 240 250, Torrey?

Accepted Answer

The annual property tax of $3,200 represents an effective rate of 0.46% relative to the list price of $699,999. 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 32

What are the total estimated monthly costs for 240 250, Torrey?

Accepted Answer

Estimated total monthly housing cost: $4,014. This includes principal & interest ($3,514 at 6.43% with 20% down), property tax ($267/mo), and estimated insurance (~$233/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 33

Is 240 250, Torrey eligible for FHA or VA financing?

Accepted Answer

At $699,999, 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 34

Could 240 250, Torrey be a 1031 exchange property?

Accepted Answer

Yes, 240 250, 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 35

How does 240 250, Torrey compare to recently sold homes nearby?

Accepted Answer

Based on 3 comparable properties, the median sold price in this area is $699,000. This listing is right at the comparable median. It ranks Fair Price among similar listings by value. The median for this property type specifically is $699,500. Comparable analysis is based on similar size, age, and location.

Question 36

Is the Torrey neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 2.1% over the past year. The current Zillow Home Value Index for this area is $485,776. This listing is priced at 144% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 37

Is 240 250, Torrey overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Standard." The asking price is within 5% of the comparable median, indicating market-appropriate pricing. Deal score: 45/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 38

What school district is 240 250, 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 39

Is 240 250, Torrey move-in ready?

Accepted Answer

As new construction, this home is expected to be move-in ready with modern finishes and warranties.

Question 40

Does 240 250, 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 41

What is the lot like at 240 250, Torrey?

Accepted Answer

The lot is 0.56 acres. Lot features: Road: Paved,View: Mountain. Terrain: Road: Paved, Terrain, Flat, View: Mountain. Views: Mountain(s).  Lot characteristics affect usability, privacy, and future improvement potential.

Question 42

What utilities are available at 240 250, Torrey?

Accepted Answer

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

Question 43

Does 240 250, Torrey have solar panels?

Accepted Answer

While this property is tagged as green/sustainable, solar panel details are not explicitly listed. Utah is an excellent state for solar energy with 222+ sunny days per year. Adding solar panels in Utah may qualify for federal tax credits and local incentives. Contact the listing agent for details on any existing energy-efficient systems.

Question 44

Can I park an RV or boat at 240 250, Torrey?

Accepted Answer

Yes, this property is tagged as RV-friendly, accommodating RV, boat, or trailer parking. The 0.56-acre lot provides ample space. In addition to the 2-car garage, there is space for large vehicle storage. RV parking capability is a sought-after feature in Utah given the state's proximity to national parks, lakes, and outdoor recreation. Verify any HOA restrictions on RV/boat parking if applicable.

240 250, Torrey, UT 84775

240 N 250 W, Torrey, UT 84775

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