NOT LISTED FOR SALE

Estimated Value: $4,499,000 - $7,666,000

0.54 Acres
$11,834,685 Price per Acre
23,522 Sq Ft Lot

Sale Details

Date Sold: August 7, 2020

Current estimated payment $35,813 / mo

39 Days on Market

Highlights

  • Views of Ski Resort
  • Cul-De-Sac
  • Natural State Vegetation
  • McPolin Elementary School Rated A
  • Trails

About This Lot

As of August 2020

This is a rare Deer Valley, gently sloping, uphill home site of approximately .54 acres in size on a residential cul-de-sac. By day you can take in the stunning views of both Park City Resort and Deer Valley Resort ski runs, mountain ridge lines, draws, acres of pines, and by night see the twinkling lights of historic old town below you. This building lot could be the site of the new mountain home you've always dreamed of! Lot 19 is lightly wooded with native Gambel oaks, sage bushes, and wild grasses. It is accessible year-round on paved, public streets. All standard utilities are available, including telephone, cable TV, natural gas, electricity, water, and sewer. This cul-de-sac location ensures privacy, while making your drive to historic Main Street easy and quick!

Last Agent to Sell the Property

Ron Wilstein

KW Park City Keller Williams Real Estate Brokerage Email: info@thewilsteinteam.com License #5482853-AB00 Listed on: 05/29/2020

KW Park City Keller Williams Real Estate

Last Buyer's Agent

Michael LaPay

Prudential Utah RE - SV

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,915

Lot Details

  • 23,522 Sq Ft Lot
  • Cul-De-Sac
  • South Facing Home
  • Southern Exposure
  • Natural State Vegetation
  • Sloped Lot

HOA Fees

  • $17 Monthly HOA Fees

Property Views

  • Ski Resort
  • Mountain

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number Af-19

Community Details

Overview

Recreation

  • Trails

Property Details

Property Type

Land

Est. Annual Taxes

$6,915

Lot Details

0.54 Acres

HOA Fees

$17 per month

Listing Details

  • Prop. Type: Land
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Property Sub Type: Residential
  • Lot Size Acres: 0.54
  • Subdivision Name: American Flag
  • Attribution Contact: info@thewilsteinteam.com
  • Contract Info:Short Sale: No
  • Contract Info:BankLender Owned: No
  • Property Info:Tax ID: Af-19
  • Property Info:Apx Taxes: 6915.0
  • Property Info:Tax Year2: 2019
  • Property Info:Access: Year Round
  • Size of Lot:Apx Lot Size (SqFt)3: 23522.0
  • Size of Lot:Apx Acres3: 0.54
  • Property Description:Gradual Slope: Yes
  • Property Description:Natural Vegetation: Yes
  • Views:Mountain(s): Yes
  • Utilities:Cable Available: Yes
  • Utilities:Phone Available: Yes
  • Sewage:Public Sewer: Yes
  • Property Description:South Facing: Yes
  • Views:Ski Area: Yes
  • Water:Public2: Yes
  • Recreation Access:HikeBike Trail - Adjoining Project: Yes
  • Property Description:Cul-De-Sac2: Yes
  • Special Features: VirtualTour

Exterior Features

  • Other Structures: None
  • Lot Features: Cul-De-Sac, Gradual Slope, Natural Vegetation, South Facing
  • View: Mountain(s), Ski Area

Utilities

  • Utilities: Cable Available, Phone Available
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: None
  • Association Fee: 200.0
  • Association Fee Frequency: Annually
  • Phone: 435-714-0353
  • Association: Yes

Association/Amenities

  • AssociationOccupant:HOA Dues: Yes
  • AssociationOccupant:HOA Dues2: 200.0
  • AssociationOccupant:HOA Dues Frequency: Annually
  • AssociationOccupant:HOA Contact: Ptarmigan Properties
  • AssociationOccupant:HOA Contact Phone: 435-714-0353
  • AssociationOccupant:HOA Website: www.americanflaghoa.com
  • Common Area Amenities:None4: Yes

Lot Info

  • Lot Size Sq Ft: 23522.4
  • Parcel #: Af-19
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 6915.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2023
Sold by
Butt Michael W and Butt Alicia E
Bought by
Michael And Alicia Butt Revocable Trust and Butt
Current Estimated Value
$6,390,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,650,000
Outstanding Balance
$7,440,153
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
-$1,049,423

Purchase Details

Closed on
Jul 22, 2021
Sold by
Michael And Alicia Butt Revocable Trust and Butt Michael W
Bought by
Butt Michael and Butt Alicia E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,725,000
Interest Rate
4.75%
Mortgage Type
Construction

Purchase Details

Listed on
May 29, 2020
Closed on
Aug 7, 2020
Sold by
Willstein Ronald J and Estes Andrew J
Bought by
Butt Michael W and Butt Alicia E
Seller's Agent
Ron Wilstein
KW Park City Keller Williams Real Estate
Buyer's Agent
Michael LaPay
Prudential Utah RE - SV
List Price
$895,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.46%

Purchase Details

Closed on
Jun 16, 2011
Sold by
County Of Summit
Bought by
We Partners Llc
Source: Public Records
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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
Michael And Alicia Butt Revocable Trust -- Servicelink
Butt Michael -- Stewart Title
Butt Michael W -- First American Title Ins Co
We Partners Llc -- None Available
We Partners Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Michael And Alicia Butt Revocable Trust $7,650,000
Previous Owner Butt Michael $4,725,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2020 08/07/20 Sold -- -- --
07/08/2020 07/08/20 Pending -- -- --
05/29/2020 05/29/20 For Sale $895,000 -- --
Source: Park City Board of REALTORS®

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 $22,950 $4,166,702 $786,500 $3,380,202
2024 $10,472 $2,994,643 $715,000 $2,279,643
2023 $10,472 $1,857,480 $1,300,000 $557,480
2022 $6,192 $940,000 $840,000 $100,000
2021 $6,401 $840,000 $840,000 $0
2020 $6,795 $840,000 $840,000 $0
2019 $6,915 $840,000 $840,000 $0
2018 $5,762 $700,000 $700,000 $0
2017 $4,653 $595,000 $595,000 $0
2016 $4,780 $595,000 $595,000 $0
2015 $5,046 $595,000 $0 $0
2013 $5,412 $595,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Park City Board of REALTORS®

MLS Number: 12001615

Park City Board of REALTORS®

APN: AF-19

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