Question 1

What is the asking price for 1624 HWY 40, Vernal?

Accepted Answer

1624 HWY 40, Vernal is listed at $2,950,000.  This listing is currently active and available for showings.

Question 2

When was 1624 HWY 40, Vernal built?

Accepted Answer

This property was built in 1997, making it 29 years old. Homes from this era often feature solid construction. Buyers should review the condition of the roof, HVAC, and plumbing.

Question 3

What type of property is 1624 HWY 40, Vernal?

Accepted Answer

1624 HWY 40, Vernal is a Commercial Sale (Hotel/Motel).

Question 4

Is there an HOA for 1624 HWY 40, Vernal?

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 5

What are the property taxes for 1624 HWY 40, Vernal?

Accepted Answer

Annual property taxes for this property are approximately $6,000 (about $500/month). This represents an effective tax rate of approximately 0.20% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 6

How long has 1624 HWY 40, Vernal been on the market?

Accepted Answer

This property has been listed for 13 days. The average days on market in Vernal is 119 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 7

What schools serve 1624 HWY 40, Vernal?

Accepted Answer

There are 2 schools within 3 miles of this property. The highest-rated nearby school is Uintah High with a 59% state performance score (1.4 miles away).

Question 8

What elementary school is near 1624 HWY 40, Vernal?

Accepted Answer

The nearest elementary school is Discovery School (1.1 miles away). State performance score: 57%. District: Uintah District. Propaired provides full school ratings and comparison data for all schools in this area.

Question 9

How does this listing compare to the Vernal market?

Accepted Answer

1624 HWY 40, Vernal is listed at $2,950,000, which is above the Vernal median of $375,000 by $2,575,000. There are currently 89 active listings in Vernal. Homes in Vernal sell in an average of 119 days. The average sale-to-list ratio is 98.6%.

Question 10

What is the Vernal real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Vernal is $375,000. There are currently 89 active listings. Homes sell in an average of 119 days. The average sale-to-list ratio is 98.6%. This listing at $2,950,000 is above the Vernal 2026 median.

Question 11

Are there other homes for sale in Vernal?

Accepted Answer

Yes — there are currently 89 active listings in Vernal. Browse all Vernal homes for sale at propaired.ai/listings/ut/vernal. Prices range around a median of $375,000. Homes in Vernal are selling in about 119 days on average.

Question 12

What is the Vernal neighborhood like?

Accepted Answer

Gateway to Dinosaur National Monument and outdoor recreation. Growing, good schools, oil industry heritage. Access to fishing, hunting, hiking. Vernal is known for: outdoor-recreation, growing, good-schools, fishing. Population: approximately 11,000. Explore the full Vernal market data and community guide on Propaired.

Question 13

How does this price compare to the Utah state average?

Accepted Answer

At $2,950,000, this property is above the Utah state median of $510,000 by $2,440,000. Vernal prices are 26% below the state average. Utah's housing market varies significantly by region — front-range cities near SLC are typically more expensive than rural areas.

Question 14

What is the commute like from 1624 HWY 40, Vernal?

Accepted Answer

1624 HWY 40, Vernal is located in Vernal, in the Eastern Utah region of Utah. With a population of approximately 11,000, Vernal offers a residential setting. 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 15

What is the Vernal community like?

Accepted Answer

Vernal is known for: outdoor-recreation, growing, good-schools, fishing, dinosaur-monument. The city has approximately 11,000 residents. The median home price in Vernal is $310,000. Explore the full Vernal community profile on Propaired for detailed neighborhood insights.

Question 16

What would homeowner's insurance cost for 1624 HWY 40, Vernal?

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 $2,950,000, expect approximately $8,850-$14,750/year ($738-$1,229/month).   Get multiple quotes — rates vary significantly by insurer.

Question 17

What are the estimated closing costs for 1624 HWY 40, Vernal?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $2,950,000, expect approximately $59,000-$147,500 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 18

How does the property tax compare to the list price at 1624 HWY 40, Vernal?

Accepted Answer

The annual property tax of $6,000 represents an effective rate of 0.20% relative to the list price of $2,950,000. 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 19

Is 1624 HWY 40, Vernal eligible for FHA or VA financing?

Accepted Answer

At $2,950,000, 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 20

Could 1624 HWY 40, Vernal be a 1031 exchange property?

Accepted Answer

Yes, 1624 HWY 40, Vernal 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 21

What is the price trend in Vernal?

Accepted Answer

Vernal's median price has increased 98.4% month-over-month. Current median: $375,000. Days on market have decreased by 83.5% month-over-month. Homes are selling at 98.6% of list price on average. Monitor these trends to time your offer strategically.

Question 22

How do nearby schools rank statewide?

Accepted Answer

Of the 2 nearby schools with state rankings, the highest-ranked is Discovery School at #243 statewide (57% performance score). Other ranked nearby schools include Uintah High (#289). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 23

Is 1624 HWY 40, Vernal move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 24

What updates might 1624 HWY 40, Vernal need?

Accepted Answer

At 29 years old, common updates to consider include: roof replacement (if original), HVAC system update, water heater replacement.   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 25

Does 1624 HWY 40, Vernal 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 26

What is the lot like at 1624 HWY 40, Vernal?

Accepted Answer

The lot is 1.5 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

1624 HWY 40, Vernal, UT 84078

1624 W HWY 40, Vernal, UT 84078

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