NOT LISTED FOR SALE

314 Norfolk Ave Unit 1 & 2 Park City, UT 84060

Estimated Value: $2,763,000 - $5,706,626

8 Beds
8 Baths
5,340 Sq Ft
$732/Sq Ft Est. Value

Last Sold July 31, 2023

Current estimated payment $22,141/month

96 Days on Market

Highlights

  • Ski Accessible
  • Heated Driveway
  • Mountain View
  • McPolin Elementary School Rated A
  • Spa
  • Radiant Floor

About This Home

As of July 2023

This is a Old Town Ski In Ski Out, 2-Unit Condo project. Ski access are trail to and from the PC Mnt Resorts Quittin Time Ski Run and Old Town Chair Lift. With a total of 8 bedrooms (1 bd is not closed off), 2 Great Rooms, 2 Family Rooms (current used as bd rooms), 2 Kitchens, 2 large heated outdoor patios (covered), 2 private hot tubs, 2 heated single car garages plus 3 additional off street heated driveway parking spaces. Excellent history of nightly rental revenues. Seller Financing offered.

Last Agent to Sell the Property

David Dorius

KW Park City Keller Williams Real Estate Comercial Brokerage Phone: 435-640-3500 License #5458127-BB00 Listed on: 03/22/2023

KW Park City Keller Williams Real Estate Comercial

Last Buyer's Agent

Jacquelin Perry

Summit Sotheby's International Realty (Sugarhouse) License #11931546-SA00

Summit Sotheby's International Realty (Sugarhouse)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,270

Year Built

  • Built in 1981

Lot Details

  • 2,614 Sq Ft Lot
  • Cul-De-Sac
  • Natural State Vegetation
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Heated Driveway
  • Off-Street Parking

Property Views

  • Mountain
  • Valley

Home Design

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

Interior Spaces

  • 5,340 Sq Ft Home
  • Multi-Level Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • 2 Fireplaces
  • Gas Fireplace
  • Great Room
  • Family Room
  • Formal Dining Room
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Outdoor Features

  • Spa
  • Balcony
  • Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number Kingd-2

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Old Town Area Subdivision
  • Property managed by Owner & VRBO

Recreation

  • Community Spa
  • Trails
  • Ski Accessible
  • Ski Trails

Pet Policy

  • Breed Restrictions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,270

Year Built

Built in 1981

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Road Frontage Type: Public, See Remarks
  • Road Surface Type: Paved
  • Property Sub Type: Multi Family
  • Lot Size Acres: 0.06
  • Subdivision Name: Old Town Area
  • Architectural Style: Cottage, Mountain Contemporary, Multi-Story, Side By Side, See Remarks
  • New Construction: No
  • Year Built: 1981
  • ResoBuildingAreaSource: PublicRecords
  • Attribution Contact: 435-640-3500
  • Contract Info:Short Sale: No
  • Contract Info:BankLender Owned: No
  • Property Info:Tax ID: Kingd-2
  • Property Info:Apx Taxes: 5270.0
  • Property Info:Tax Year2: 2022
  • Property Info:Access: Year Round
  • Property Description:Gradual Slope: Yes
  • Property Description:Natural Vegetation: Yes
  • Views:Mountain(s): Yes
  • Utilities:High Speed Internet Available: Yes
  • Sewage:Public Sewer: Yes
  • Views:Valley: Yes
  • Water:Public2: Yes
  • Recreation Access:HikeBike Trail - Adjoining Project: Yes
  • Utilities:Electricity Connected: Yes
  • Utilities:Natural Gas Connected: Yes
  • Property Info:Construction New: No
  • Property Info:Construction Status: Complete
  • Property Info:Total Half Baths2: 2
  • Property Info:Total Fireplaces: 2
  • Property Info:Accessory Dwelling Unit YN: No
  • Size of HouseLot:Apx SqFt Finished: 5340.0
  • Size of HouseLot:Apx Acres2: 0.06
  • Style:Mountain Contemporary: Yes
  • Foundation:Concrete Perimeter: Yes
  • Roof:Asphalt: Yes
  • Roof:Metal: Yes
  • Roof:Shingle: Yes
  • Cooling:Central Air: Yes
  • Equipment:Smoke Alarm: Yes
  • Equipment:Water Heater - Gas: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Flooring:Carpet: Yes
  • Flooring:Tile: Yes
  • Flooring:Wood2: Yes
  • Dining Area:Semi-Formal Dining: Yes
  • Garage Type Attached: Yes
  • Room Totals:Family Room7: 2
  • Room Totals:Fireplace8: 2
  • Exterior:Wood Siding: Yes
  • Dining Area:Breakfast Bar: Yes
  • Room Totals:Great Room7: 2
  • Property Info:Mother-in-Law Apartment: No
  • Property Info:Total 34 Baths2: 3
  • Property Description:Level: Yes
  • Style:Multi-Story: Yes
  • Other Park Type:Off Street - Assigned: Yes
  • Foundation:Slab: Yes
  • Room Totals:Laundry8: 2
  • Property Description:Cul-De-Sac2: Yes
  • Property Description:Steep Slope: Yes
  • Ski Resort Access:Ski Into Project: Yes
  • Ski Resort Access:Ski Out of Project: Yes
  • Ski Resort Access:Ski Slope - Named Trails: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Oven, Refrigerator, Washer/Dryer Stacked
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Ceiling Fan(s), Ceiling(s) - 9 Ft Plus, Lower Level Walkout, Spa/Hot Tub, See Remarks, Breakfast Bar
  • Other Equipment: Appliances, Garage Door Opener, Smoke Alarm, Water Heater - Gas
  • Accessibility Features: None
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 8
  • Fireplace Features: Gas
  • Fireplaces: 2
  • Fireplace: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Gas Range: Yes
  • Appliances:Oven: Yes
  • Interior Features:Ceiling(s) - 9 Ft Plus: Yes
  • Interior Features:Lower Level Walkout: Yes
  • Number of Fireplaces Gas: Yes
  • Appliances: Yes
  • Appliances:WasherDryer Stacked: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:See Remarks18: Yes

Exterior Features

  • Exterior Features: Balcony, Heated Driveway, Patio(s), See Remarks
  • Roof: See Remarks, Asphalt, Metal, Shingle
  • Lot Features: Steep Slope, Cul-De-Sac, Gradual Slope, Level, Natural Vegetation, See Remarks
  • View: Mountain(s), Valley, See Remarks
  • Construction Type: Wood Siding, See Remarks
  • Foundation Details: Slab, Concrete Perimeter
  • Exterior Features:Patio(s): Yes
  • Exterior Features:Balcony: Yes
  • Construction:Frame - Wood: Yes
  • Exterior Features:Heated Driveway: Yes
  • Exterior Features:See Remarks20: Yes
  • Exterior Features:SpaHot Tub2: Yes

Garage/Parking

  • OtherParkTypeParkingSpaces: 3
  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: See Remarks, Heated Garage
  • Property Info:Parking Spaces Covered: 2
  • Equipment:Garage Door Opener: Yes
  • Garage Type:Heated Garage: Yes
  • Garage Type:See Remarks23: Yes
  • Unit One:_pound_ Parking Spaces: 2
  • Unit Two:_pound_ Parking Spaces2: 3

Utilities

  • Cooling: Air Conditioning, Central Air
  • Heating: Fireplace(s), Boiler, Forced Air, Natural Gas, Radiant Floor
  • Utilities: Electricity Connected, High Speed Internet Available, Natural Gas Connected, See Remarks
  • 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:Radiant Floor: Yes
  • Heating:Boiler: Yes
  • Heating:Fireplace(s): Yes

Association/Amenities

  • MembershipAmenitiesMembershipAvailable: No
  • AssociationOccupant:HOA Dues: No
  • AssociationOccupant:Currently Occupied: Management
  • Common Area Amenities:Pets Allowed wRestrictions: Yes
  • Common Area Amenities:See Remarks30: Yes
  • AssociationOccupant:Mgmt Rental Co: Yes
  • AssociationOccupant:Mgmt Rental Company: Owner & VRBO
  • Membership Amenities:Ski Club Membership: Not Available
  • Common Area Amenities:SpaHot Tub: Yes

Condo/Co-op/Association

  • Community Features: Ski Into Project, Ski Out of Project, Ski Slope - Named Trails
  • Amenities: Pets Allowed w/Restrictions, Hot Tub
  • Association: No

Lot Info

  • Development Status: Construction Status
  • Lot Size Sq Ft: 2613.6
  • Parcel #: Kingd-2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5270.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2023
Closed on
Jul 31, 2023
Sold by
Odonghue Carol
Bought by
Emlyn V Flanigan Revocable Trust and Flanigan
Seller's Agent
David Dorius
KW Park City Keller Williams Real Estate Comercial
Buyer's Agent
Jacquelin Perry
Summit Sotheby's International Realty (Sugarhouse)
List Price
$5,995,000
Views
190
Current Estimated Value
$3,908,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.58%
Original Mortgage
$3,450,000
Outstanding Balance
$3,383,239
Interest Rate
6.69%
Mortgage Type
Seller Take Back
Estimated Equity
$798,687

Purchase Details

Closed on
Aug 25, 2015
Sold by
Donoghue Carol Leslid O
Bought by
Odonoghue Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2009
Sold by
King Kevin S
Bought by
King Kevin S and King Raymond D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
5.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2005
Sold by
King Kevin
Bought by
King Kevin S
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Emlyn V Flanigan Revocable Trust -- First American Title Insurance
Odonoghue Carol -- Park City Title
King Kevin S -- --
King Kevin S -- Highland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Emlyn V Flanigan Revocable Trust $3,450,000
Previous Owner Odonoghue Carol $417,000
Previous Owner King Kevin S $305,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2023 07/31/23 Sold -- -- --
06/27/2023 06/27/23 Pending -- -- --
03/22/2023 03/22/23 For Sale $5,995,000 -- $1,123 / 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
2024 $15,777 $2,811,120 -- $2,811,120
2023 $15,777 $2,798,400 $0 $2,798,400
2022 $2,635 $400,000 $100,000 $300,000
2021 $3,048 $400,000 $100,000 $300,000
2020 $3,236 $400,000 $100,000 $300,000
2019 $3,293 $400,000 $100,000 $300,000
2018 $3,293 $400,000 $100,000 $300,000
2017 $3,128 $400,000 $100,000 $300,000
2016 $3,214 $400,000 $100,000 $300,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Park City Board of REALTORS®

MLS Number: 12300840

Park City Board of REALTORS®

APN: KINGD-2