NOT LISTED FOR SALE

105 S State St La Verkin, UT 84745

Estimated Value: $597,000 - $653,000

-- Bed
5 Baths
2,320 Sq Ft
$265/Sq Ft Est. Value

Last Sold March 24, 2020

Current estimated payment $3,551/month

128 Days on Market

Highlights

  • 0.46 Acre Lot
  • No HOA
  • Heating Available

About This Home

As of March 2020

Recently renovated a few years back. New roof and more. Really strong location (zoned commercial) many possible uses including nightly rentals possible. 3/2 downstairs and TWO 2/1 upstairs. You have total flexibility to keep the tenants or have them leave as they are on month to month leases. Strong cash flow. Consistently rented.

Last Agent to Sell the Property

Justin Morgan

Realty Absolute License #7384950-SA00 Listed on: 02/04/2020

Last Buyer's Agent

Non Member

Non MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,202

Year Built

  • Built in 1982

Lot Details

  • 0.46 Acre Lot

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2,320 Sq Ft Home
  • 2-Story Property

Utilities

  • Heating Available
  • Separate Meters

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number LV-64-A-10

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,202

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Directions: From Hurricane, head north on State St to 100 S. The property is on the right, just south of the tire store.
  • Prop. Type: Residential Income
  • Year Built: 1982
  • Reso Property Sub Type: Multi-Unit
  • Subdivision Name: Not Applicable
  • New Construction: No
  • Master Plan Zoning: Multi-Family
  • Utilities Culinary City: Yes
  • Utilities Sewer2: Yes
  • Roof Asphalt Shingles: Yes
  • Keywords Covered Parking: No
  • Keywords Utilities: Separate Meters
  • Construction:_two_ Story: Yes
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Property Condition: Existing
  • Acres: 0.46
  • Construction Type: 2 Story, Brick, Frame
  • Construction:Frame: Yes

Utilities

  • Heating: Electric
  • Utilities: Culinary, City, Electricity Available, Sewer Connected
  • HeatingYN: Yes
  • Utilities Electricity: Yes
  • Heating:Electric2: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: LV-64-A-10
  • Lot Size Sq Ft: 20037.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 1

Tax Info

  • Tax Annual Amount: 1202.36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2023
Sold by
Andy And Kasia Palmer Family Trust
Bought by
Series 3 Of Kap Investments Llc
Current Estimated Value
$601,336

Purchase Details

Closed on
Feb 1, 2023
Sold by
Andy And Kasia Palmer Family Trust
Bought by
Series 3 Of Kap Investments Llc

Purchase Details

Closed on
Jun 24, 2020
Sold by
Palmer Andy H and Palmer Kasia
Bought by
Palmer Andy H and Palmer Kasia S

Purchase Details

Listed on
Feb 4, 2020
Closed on
Mar 24, 2020
Sold by
Lv4plex1 Llc
Bought by
Palmer Andy H and Palmer Kasia
Seller's Agent
Justin Morgan
Realty Absolute
Buyer's Agent
Non Member
Non MLS Office
List Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.38%
Original Mortgage
$318,750
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2015
Sold by
Morgan Kory
Bought by
Lv4plex1 Llc

Purchase Details

Closed on
Sep 29, 2010
Sold by
Laverkin 4 Plex
Bought by
Newberry Chris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.26%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 2010
Sold by
Newberry Danny
Bought by
Laverkin 4 Plex A Series Of The Newberry

Purchase Details

Closed on
Jul 15, 2010
Sold by
Folkersen Income Properties Lc
Bought by
Newberry Danny B
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Series 3 Of Kap Investments Llc -- None Listed On Document
Series 3 Of Kap Investments Llc -- --
Palmer Andy H -- None Available
Palmer Andy H -- Eagle Gate Ttl Ins Agcy Inc
Lv4plex1 Llc -- None Available
Newberry Chris -- Cedar Land Title Inc
Laverkin 4 Plex A Series Of The Newberry -- Cedar Land Title Inc
Newberry Danny B -- Southern Utah Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palmer Andy H $318,750
Previous Owner Newberry Chris $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2020 03/24/20 Sold -- -- --
02/27/2020 02/27/20 Pending -- -- --
10/22/2019 10/22/19 For Sale $400,000 +101.0% $172 / Sq Ft
01/30/2015 01/30/15 Sold -- -- --
01/21/2015 01/21/15 Pending -- -- --
12/17/2014 12/17/14 For Sale $199,000 -- $86 / Sq Ft
Source: Iron County Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,350 $315,700 $86,185 $229,515
2023 $2,445 $324,170 $78,705 $245,465
2022 $2,146 $267,905 $68,420 $199,485
2021 $2,143 $393,600 $116,500 $277,100
2020 $2,008 $345,000 $116,500 $228,500
2019 $1,202 $198,000 $58,600 $139,400
2018 $1,139 $92,400 $0 $0
2017 $1,087 $88,165 $0 $0
2016 $1,032 $80,300 $0 $0
2015 $1,059 $79,200 $0 $0
2014 $1,218 $90,970 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iron County Board of REALTORS®

MLS Number: 87963

APN: 0086275