$499,000
$130K PRICE DROP

1247 S 500 W Richfield, UT 84701

Estimated payment $2,684/month

Total Views 15,268
1.13 Acres
$441,593 Price per Acre
49,223 Sq Ft Lot

About This Lot

**Prime Opportunity Zone Development : Shovel-Ready Land for 28 Apartment Units in Richfield, UT. This property is in a designated Opportunity Zone, offering significant tax incentives to investors, including potential deferral or elimination of capital gains taxes. With projected gross monthly rents of $32,400 this development is poised to yield over $1.6 million in profit upon stabilization, making it an incredibly attractive opportunity for developers and investors alike. **Included in the Sale:** - Civil Plans - Architectural Designs - Geotechnical Report - Topographical Survey - Easements & Utility Plans - Complete Development Packet with all necessary documentation to proceed with construction Reach out for link to full development packet. OM & drawings attached in listing. Buyer to perform all due diligence and verify information independently. Information provided as a courtesy.

Listing Agent

Austin Seegmiller

NRE License #8764465 Listed on: 10/03/2024

Co-Listing Agent

Braden Seegmiller

NRE License #12981041

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $300

Lot Details

  • 1.13 Acre Lot
  • Property is zoned Multi-Family, RM24

Schools

  • Ashman Elementary School
  • Red Hills Middle School
  • Richfield High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 1-7A-123

Property Details

Property Type

Land

Est. Annual Taxes

$300

Lot Details

0

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • Horses: No
  • Lot Size Acres: 1.13
  • Lot Size: 0.0x0.0x0.0
  • Co List Office Mls Id: 99000111
  • Co List Office Phone: 801-382-9297
  • Ownership: Agent Owned
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Property Attached Yn: No
  • Accessory Dwelling Unit: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Private Spa: No
  • Fireplace: No

Exterior Features

  • Pool Private: No
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Direction Faces: West
  • Property Condition: Blt./Standing

Garage/Parking

  • Attached Garage: No
  • Open Parking: No

Utilities

  • Cooling Y N: No
  • Heating Yn: No

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Ashman
  • Junior High Dist: Sevier
  • High School: Richfield
  • Middle Or Junior School: Red Hills

Lot Info

  • Current Use: Residential, Commercial, Multi-Family
  • Lot Size Sq Ft: 49222.8
  • Parcel #: 1-7A-123
  • Zoning Description: RM24
  • Zoning: Multi-Family

Tax Info

  • Tax Annual Amount: 300.0

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
07/28/2025 07/28/25 Price Changed $499,000 -7.6% --
02/26/2025 02/26/25 Price Changed $539,900 -14.2% --
10/02/2024 10/02/24 For Sale $629,000 -- --
Source: UtahRealEstate.com

Source: UtahRealEstate.com

MLS Number: 2026967

UtahRealEstate.com
Utah Sevier County Richfield 84701

1247 S 500 W, Richfield, UT

This home is located at 1247 S 500 W, Richfield, UT 84701 and is currently priced at $499,000. 1247 S 500 W is a home located in Sevier County with nearby schools including Ashman School, Pahvant School, and Red Hills Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

UtahRealEstate.com IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Licensor is only providing the MLS Content and not other sources of data provided in the Product.

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc.. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Nearby Homes
Austin Seegmiller
Listing Agent
Austin Seegmiller
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NRE
(435) 441-4860