NOT LISTED FOR SALE

1406 E 7240 S Salt Lake City, UT 84121

Estimated Value: $583,000 - $675,000

6 Beds
3 Baths
2,340 Sq Ft
$263/Sq Ft Est. Value

About This Home

This home is located at 1406 E 7240 S, Salt Lake City, UT 84121 and is currently estimated at $615,972, approximately $263 per square foot. 1406 E 7240 S is a home located in Salt Lake County with nearby schools including Ridgecrest School, Butler Middle School, and Brighton High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2020
Sold by
Ho Koc Kan and Fong Suk Ping
Bought by
Schoenbrunn Lynze and Twede Alex
Current Estimated Value
$615,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,680
Outstanding Balance
$324,513
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$291,459

Purchase Details

Closed on
Sep 30, 2014
Sold by
Hong Gabriele M and Hong Allen H
Bought by
Ho Koc Kan and Fong Suk Ping

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,800
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2006
Sold by
Hansen Marvin G and Hansen Terri L
Bought by
Hong Allen H and Hong Gabriele M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
6.41%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 18, 1994
Sold by
Robbins Charles J and Robbins Kimberly A
Bought by
Hansen Marvin G and Hansen Terri L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,400
Interest Rate
7.59%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Schoenbrunn Lynze -- Title Guarantee
Ho Koc Kan -- Keystone Title Ins Agcy Llc
Hong Allen H -- First American Title
Hansen Marvin G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schoenbrunn Lynze $364,680
Previous Owner Ho Koc Kan $192,800
Previous Owner Hong Allen H $188,000
Previous Owner Hansen Marvin G $104,400
Source: Public Records

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 $3,024 $546,900 $158,100 $388,800
2024 $3,024 $539,200 $146,400 $392,800
2023 $3,281 $569,000 $139,200 $429,800
2022 $3,000 $513,300 $136,500 $376,800
2021 $2,433 $346,500 $114,100 $232,400
2020 $2,409 $322,400 $104,300 $218,100
2019 $2,325 $302,200 $104,300 $197,900
2018 $2,236 $302,100 $104,300 $197,800
2017 $2,049 $268,500 $87,800 $180,700
2016 $1,982 $252,000 $87,800 $164,200
2015 $2,059 $242,500 $85,100 $157,400
2014 -- $209,200 $79,200 $130,000
Source: Public Records

Map

Utah Salt Lake County Salt Lake City 84121

1406 E 7240 S, Salt Lake City, UT

This home is located at 1406 E 7240 S, Salt Lake City, UT 84121 and is currently estimated at $615,972, approximately $263 per square foot. 1406 E 7240 S is a home located in Salt Lake County with nearby schools including Ridgecrest School, Butler Middle School, and Brighton High 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.

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