$277,500
$259,900
6.8%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
950 SqFt
SOLD DATE : 01/02/2023
Key Details
Sold Price $277,500
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 950 sqft
Price per Sqft $292
Subdivision Incline Terrace
MLS Listing ID 1851959
Sold Date 01/02/23
Style Condo; Main Level
Bedrooms 2
Full Baths 1
Construction Status Blt./Standing
HOA Fees $245/mo
HOA Y/N Yes
Abv Grd Liv Area 950
Year Built 1972
Annual Tax Amount $1,000
Lot Size 435 Sqft
Acres 0.01
Lot Dimensions 0.0x0.0x0.0
Property Description
MULTIPLE OFFERS RECEIVED! Send highest & best by 5pm Friday 12/09/2022 to Marcos@redsign.com Huge investment opportunity! Come take advantage of this extremely low pricing. The location of this condo cannot be beat!! This is a two bedroom condo within walking distance to the University of Utah campus! So why is this condo $100k under valued? Because it's currently undergoing renovations from a fire that took place in the complex over a year ago. The subject unit did not catch fire, but being on the main floor, it has heavy water damage. The HOA Insurance is currently in the works of getting the required permits to begin reconstruction. With the inability to occupy, this is a CASH only or seller financing deal. If you'd like to take advantage of the seller financing, the terms are simple, $20k down payment, 24 months, at 4%. Incredible investment opportunity with very little money down for those who are patient while the building is renovated.
Location
State UT
County Salt Lake
Area Salt Lake City; So. Salt Lake
Zoning Multi-Family
Rooms
Basement None
Primary Bedroom Level Floor: 1st
Master Bedroom Floor: 1st
Main Level Bedrooms 2
Interior
Interior Features Alarm: Fire, Disposal, Kitchen: Updated, Range/Oven: Free Stdng., Granite Countertops
Heating Forced Air, Gas: Central
Cooling Central Air
Flooring Carpet, Hardwood, Tile
Fireplace false
Exterior
Exterior Feature Double Pane Windows, Patio: Covered, Sliding Glass Doors, Walkout, Patio: Open
Pool Gunite, Heated, In Ground
Community Features Clubhouse
Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected
Amenities Available Barbecue, Controlled Access, Earthquake Insurance, Fitness Center, Insurance, Maintenance, On Site Security, Management, Pool, Sauna, Sewer Paid, Snow Removal, Spa/Hot Tub, Storage, Trash, Water
View Y/N No
Roof Type Asphalt
Present Use Residential
Topography Curb & Gutter, Fenced: Part, Road: Paved, Secluded Yard, Sidewalks, Sprinkler: Auto-Full, Terrain: Grad Slope, Private
Accessibility Accessible Elevator Installed
Porch Covered, Patio: Open
Total Parking Spaces 1
Private Pool true
Building
Lot Description Curb & Gutter, Fenced: Part, Road: Paved, Secluded, Sidewalks, Sprinkler: Auto-Full, Terrain: Grad Slope, Private
Story 1
Sewer Sewer: Connected, Sewer: Public
Water Culinary
Structure Type Brick,Cedar
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Bennion (M Lynn)
Middle Schools Bryant
High Schools East
School District Salt Lake
Others
HOA Name David Tanner
HOA Fee Include Insurance,Maintenance Grounds,Sewer,Trash,Water
Senior Community No
Tax ID 16-05-404-051
Security Features Fire Alarm
Acceptable Financing Cash, Seller Finance
Horse Property No
Listing Terms Cash, Seller Finance
Financing Seller Financing
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