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195 West Main Street

195 West Main Street, Midway, UT 84049
Property in Wasatch
Sold Sep 29, 2023
Transfer
Sold Jan 04, 2022
$2,650,000
$2,120,000 by Bank Of Utah
Mortgage
Local assessors in Midway, UT have categorized 195 West Main Street as a residential type of property. The home was built in 2018 and is 6 years old. The property's lot size has been calculated to be 12,197 square feet. If we look only at the heated or air conditioned part of the building, then 195 West Main Street has a total of 6,439 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $2,650,000 in Jan 3, 2022. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $20,947 in taxes each year. 195 West Main Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,247,994. If we break it down further, the land itself was valued at $347,994. Improvements to the property, however, were assessed at a total of $1,900,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 6,439
  • Gross Building Area: 6,439
  • Building Area: 6,439
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 6,439
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MIR SUBDIVISION
  • Land Acres: 0.28
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: LOT 1 MIR SUBDIVISION AREA: 0.28 ACRES

Ownership

  • Current Owner : HOFFVEST LLC
  • Previous Owner : HEIRLOOM CORNER REAL ESTATE LLC
  • Owner Before Previous Owner: THE CORNER REAL ESTATE LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Wasatch School District
  • Census Tract: 960402

Geography

  • District: 4
  • Parcel: 00-0006-0025
  • Lot: 1
  • Municipality: MIDWAY CITY DISTRICT
  • Latitude: 40.512
  • Longitude: -111.476

    Address

  • Full Address: 195 W Main St
  • Address - House Number: 195
  • Street Direction: W
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: UT
  • City Name: Midway
  • Carrier Code: R001
  • 4-Digit Zip Code: 6203
  • Zip Code: 84049

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $20,947

    Appraisal Valuation

  • Standard Deviation: 0.2328
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 67
  • Final Value: 3,071,046
  • High Value: 3,786,186
  • Low Value: 2,355,907

    Market Valuation

  • Market Total Value: $2,247,994
  • Market Land Value: $347,994
  • Market Improvement Value: $1,900,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,247,994
  • Assessed Land Value: $347,994
  • Assessed Improvements Value: $1,900,000

    Sales

  • Current Sale Contract Date: Sep 28, 2023
  • Current Sale Recording Date: Sep 29, 2023
  • Current Sale Transaction ID: 11914048394
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 537201
  • Previous Sale Recording Date: Jan 04, 2022
  • Previous Sale Contract Date: Jan 03, 2022
  • Previous Sale Amount: $2,650,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF UTAH
  • Previous Mortgage Transaction Date: Jan 04, 2022
  • Previous Mortgage Loan Amount: $2,120,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Midway



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 195 West Main Street located in?
The 195 West Main Street is a located in the neighborhood of Wasatch in Midway, Midway.
What is the average sales price for listings in 195 West Main Street?
The average sales price for units in 195 West Main Street is $0 currently.

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