NOT LISTED FOR SALE

1159 Empire Ave Unit 1,2,3,4 Park City, UT 84060

Estimated Value: $1,017,000 - $1,148,512

8 Beds
8 Baths
3,842 Sq Ft
$276/Sq Ft Est. Value

Last Sold September 04, 2020

Current estimated payment $6,210/month

101 Days on Market

Highlights

  • Spa
  • Mountain View
  • Mountain Contemporary Architecture
  • McPolin Elementary School Rated A
  • Deck
  • Furnished

About This Home

As of September 2020

BUSINESS OPPORTUNITY! Unique building includes 4 - Two bedroom/Two Bath condos walking distance to Park City Ski Resort & Main St. Each unit has separate Tax IDs, hot water heater, air conditioner, furnace, upgraded appliances, Control 4-Apple TV audio/visual system and fully furnished. TURN-KEY! Common area of the building includes secure, heated parking garage (1 space per unit), covered patio out front and BBQ/hot tub area on back deck. Radiant heated driveway to garage. Entire building is being sold. New owner would have the option to sell individual units if desired. Nightly or monthly rentals allowed. RARE OPPORTUNITY IN PARK CITY!

Last Agent to Sell the Property

Darhl Bova

BHHS Utah Properties - SV License #5640885-SA00 Listed on: 05/18/2020

BHHS Utah Properties - SV

Last Buyer's Agent

Stan Kozlowski

CooperWynn Real Estate License #7786929-PB00

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,880

Year Built

  • Built in 1980 | Remodeled in 2008

Lot Details

  • 5,663 Sq Ft Lot
  • Landscaped
  • Level Lot

Parking

  • 5 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Mountain Contemporary Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 3,842 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Self Contained Fireplace Unit Or Insert
  • Gas Fireplace
  • Family Room
  • Dining Room
  • Mountain Views

Kitchen

  • Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer
  • ENERGY STAR Qualified Washer

Home Security

  • Home Security System
  • Fire Sprinkler System

Outdoor Features

  • Spa
  • Deck
  • Patio
  • Outdoor Storage

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1159-1, 1159-2, 1159-3, 1159-4

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Old Town Area Subdivision
  • Property managed by Owner management

Amenities

  • Community Storage Space

Recreation

  • Community Spa

Pet Policy

  • Breed Restrictions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,880

Year Built

Built in 1980 | Remodeled in 2008

Lot Details

0

Parking

5

Listing Details

  • Prop. Type: Residential Income
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Property Sub Type: Multi Family
  • Lot Size Acres: 0.13
  • Subdivision Name: Old Town Area
  • Architectural Style: Mountain Contemporary, Multi-Story, Single Level Unit, Other
  • New Construction: No
  • Year Built: 1980
  • ResoBuildingAreaSource: Appraiser
  • Contract Info:Short Sale: No
  • Contract Info:BankLender Owned: No
  • Property Info:Tax ID: 1159-1, 1159-2, 1159-3, 1159-4
  • Property Info:Apx Taxes: 9880.0
  • Property Info:Tax Year2: 2019
  • Property Info:Access: Year Round
  • Views:Mountain(s): Yes
  • Utilities:Cable Available: Yes
  • Utilities:High Speed Internet Available: Yes
  • Sewage:Public Sewer: Yes
  • Water:Public2: Yes
  • Utilities:Electricity Connected: Yes
  • Utilities:Natural Gas Connected: Yes
  • Property Info:Construction New: No
  • Property Info:Construction Status: Complete
  • Property Info:Total Fireplaces: 4
  • Size of HouseLot:Apx SqFt Finished: 3842.0
  • Size of HouseLot:Apx Acres2: 0.13
  • Style:Mountain Contemporary: Yes
  • Roof:Asphalt: Yes
  • Roof:Metal: Yes
  • Roof:Shingle: Yes
  • Cooling:Central Air: Yes
  • Equipment:Water Heater - Gas: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Flooring:Carpet: Yes
  • Flooring:Tile: Yes
  • Garage Type Attached: Yes
  • Room Totals:Family Room7: 1
  • Room Totals:Fireplace8: 1
  • Exterior:Wood Siding: Yes
  • Room Totals:Dining Room7: 1
  • Property Info:Total 34 Baths2: 4
  • Property Description:Level: Yes
  • Style:Multi-Story: Yes
  • Flooring:Stone2: Yes
  • Other Park Type:Off Street - Unassigned: Yes
  • Dining Area:Informal Dining: Yes
  • Property Info:Apx Year Remodeled: 2008
  • Equipment:Security System - Installed: Yes
  • Style:Single Level Unit: Yes
  • Foundation:Slab: Yes
  • Room Totals:Laundry8: 1
  • Special Features: VirtualTour
  • Year Renovated: 2008

Interior Features

  • Appliances: Other, ENERGY STAR QUALIFIED Washer, Dishwasher, Disposal, Electric Range, Microwave, Oven, Refrigerator, Washer/Dryer Stacked
  • Flooring: Carpet, Stone, Tile
  • Interior Amenities: Electric Dryer Hookup, Furnished - Fully, Main Level Master Bedroom, Spa/Hot Tub
  • Other Equipment: Appliances, Garage Door Opener, Security System - Installed, Water Heater - Gas
  • Accessibility Features: None
  • Full Bathrooms: 4
  • Three Quarter Bathrooms: 4
  • Total Bedrooms: 8
  • Fireplace Features: Gas, Insert
  • Fireplaces: 1
  • Fireplace: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Oven: Yes
  • Interior Features:Furnished - Fully: Yes
  • Interior Features:Main Level Master Bedroom: Yes
  • Number of Fireplaces Gas: Yes
  • Appliances: Yes
  • Appliances:WasherDryer Stacked: Yes
  • Interior Features:Electric Dryer Hookup: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Other4: Yes
  • Fireplaces:Insert: Yes
  • Appliances:Electric Dryer Hookup2: Yes
  • Appliances:ENERGY STAR QUALIFIED Washer: Yes

Exterior Features

  • Exterior Features: Deck(s), Landscaped - Partially, Patio(s), Ski Storage
  • Roof: Asphalt, Metal, Shingle
  • Other Structures: None
  • Lot Features: Level
  • View: Mountain(s)
  • Construction Type: Wood Siding, Concrete
  • Foundation Details: Slab
  • Construction:Concrete: Yes
  • Exterior Features:Deck(s): Yes
  • Exterior Features:Patio(s): Yes
  • Construction:Frame - Wood: Yes
  • Exterior Features:Ski Storage2: Yes
  • Exterior Features:Landscaped - Partially: Yes
  • Exterior Features:SpaHot Tub2: Yes

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 5.0
  • Garage Spaces: 5.0
  • Parking Features: See Remarks, Heated Garage
  • Property Info:Parking Spaces Covered: 5
  • Equipment:Garage Door Opener: Yes
  • Garage Type:Heated Garage: Yes
  • Garage Type:See Remarks23: Yes
  • Unit One:_pound_ Parking Spaces: 1
  • Unit Two:_pound_ Parking Spaces2: 1

Utilities

  • Cooling: Air Conditioning, Central Air
  • Heating: Fireplace(s), Forced Air, Furnace, Natural Gas
  • Utilities: Cable Available, Electricity Connected, High Speed Internet Available, Natural Gas Connected
  • Laundry Features: Electric Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Air Conditioner: Yes
  • Heating:Fireplace(s): Yes

Condo/Co-op/Association

  • Amenities: Fire Sprinklers, Pets Allowed w/Restrictions, Ski Storage, Hot Tub
  • Association: No

Association/Amenities

  • AssociationOccupant:HOA Dues: No
  • AssociationOccupant:Currently Occupied: Call Listing Agent
  • Common Area Amenities:Fire Sprinklers2: Yes
  • Common Area Amenities:Pets Allowed wRestrictions: Yes
  • AssociationOccupant:Mgmt Rental Co: Yes
  • AssociationOccupant:Mgmt Rental Company: Owner management
  • Common Area Amenities:Ski Storage: Yes
  • Association Fees Included:See Remarks25: Yes
  • Common Area Amenities:SpaHot Tub: Yes

Fee Information

  • Association Fee Includes: See Remarks

Lot Info

  • Development Status: Construction Status
  • Lot Size Sq Ft: 5662.8
  • Additional Parcels Description: 1159-4
  • Parcel #: 1159-1, 1159-2, 1159-3, 1159-4
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 9880.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2013
Sold by
1159 Empire Avenue Llc
Bought by
Surf City Enterprises Llc
Current Estimated Value
$1,058,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$910,000
Outstanding Balance
$685,870
Interest Rate
4.27%
Mortgage Type
Commercial
Estimated Equity
$327,775
Source: Public Records

Range of Values:

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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
Surf City Enterprises Llc -- Coalition Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Surf City Enterprises Llc $910,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2020 09/04/20 Sold -- -- --
08/28/2020 08/28/20 Pending -- -- --
05/18/2020 05/18/20 For Sale $2,875,000 -- $748 / Sq Ft
Source: Park City 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
2023 $5,277 $936,000 $0 $936,000
2022 $1,976 $300,000 $50,000 $250,000
2021 $99 $300,000 $50,000 $250,000
2020 $2,427 $300,000 $50,000 $250,000
2019 $2,470 $300,000 $50,000 $250,000
2018 $2,470 $300,000 $50,000 $250,000
2017 $2,346 $300,000 $50,000 $250,000
2016 $2,410 $300,000 $50,000 $250,000
2015 $2,544 $300,000 $0 $0
2013 $1,364 $150,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Park City Board of REALTORS®

MLS Number: 12001443

Park City Board of REALTORS®

APN: 1159-4