NOT LISTED FOR SALE

506 Olympic Way Midway, UT 84049

Estimated Value: $997,605

3 Beds
4 Baths
3,490 Sq Ft
$286/Sq Ft Est. Value

Last Sold May 05, 2016

Current estimated payment $6,054/month

91 Days on Market

Highlights

  • Mountain View
  • Deck
  • Wood Flooring
  • Midway Elementary School Rated A-
  • Vaulted Ceiling
  • Main Floor Primary Bedroom

About This Home

As of May 2016

Spectacular views and a central location make this gorgeous Midway gem ideal for year round living, part time use, investor cash-flow or a combination thereof. This property rents consistently month to month (see VRBO#324639 for rates and 5 star reviews). Beautifully furnished with attention to detail and no expense spared including 2 washers, 2 dryers, 2 refrigerators and a 46" HDTV w/ XBox. Main level living includes open floor plan for a spacious and comfortable feel, complimented by a main level Master Suite, complete with jetted tub, shower, twin vanity, walk in closet and washer/dryer. A lower level walk out boasts another king and queen bedroom, Jack and Jill bathroom, wet bar, TV/Gaming area and Owners personal 'lock out' storage options. Deer Valley, Park City and Sundance ski resorts all 15-30 min drive. 10 minutes to Deer Creek and Jordanelle Reservoirs for boating and fishing. Hiking, biking, blue ribbon fly fishing and 90 public golf holes are all within 10 minutes.

Last Listed By

Cameron Boyd

Park City Realty Group Listed on: 08/18/2015

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,557

Year Built

  • Built in 2008

Lot Details

  • 3,920 Sq Ft Lot
  • Landscaped
  • Sloped Lot
  • Sprinkler System

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener

Property Views

  • Mountain
  • Valley

Home Design

  • Twin Home
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Stone Siding
  • Concrete Perimeter Foundation
  • Stucco
  • Stone

Interior Spaces

  • 3,490 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Self Contained Fireplace Unit Or Insert
  • Gas Fireplace
  • Great Room
  • Family Room
  • Formal Dining Room
  • Storage

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Washer

Home Security

Outdoor Features

  • Balcony
  • Deck
  • Outdoor Gas Grill

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Natural Gas Connected
  • Water Softener is Owned
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-0016-7614

Community Details

Overview

  • Association fees include com area taxes, insurance, maintenance exterior, ground maintenance, management fees, reserve/contingency fund, snow removal
  • Association Phone (801) 953-9690
  • Sunburst Ranch Subdivision
  • Planned Unit Development

Pet Policy

  • Breed Restrictions

Additional Features

  • Common Area
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,557

Year Built

Built in 2008

Lot Details

0

HOA Fees

$200 per month

Parking

2

Listing Details

  • MainLevelTotalsBedroom: 1
  • MainLevelTotalsDiningRoom: 1
  • MainLevelTotalsFullBaths: 1
  • MainLevelTotalsGreatRoom: 1
  • MainLevelTotalsHalfBaths: 1
  • Prop. Type: Residential
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Lot Size Acres: 0.09
  • Subdivision Name: Sunburst Ranch
  • Architectural Style: One Story, Twin Home
  • New Construction: No
  • Year Built: 2008
  • ResoBuildingAreaSource: Other
  • Contract Info:Short Sale: No
  • Contract Info:BankLender Owned: No
  • Property Info:Tax ID: 00-0016-7614
  • Property Info:Apx Taxes: 3557.0
  • Property Info:Tax Year2: 2015
  • Property Info:Access: Year Round
  • Property Description:Gradual Slope: Yes
  • Views:Mountain(s): Yes
  • Utilities:Cable Available: Yes
  • Utilities:High Speed Internet Available: Yes
  • Utilities:Phone Available: Yes
  • Sewage:Public Sewer: Yes
  • Property Description:Adjacent Common Area Land: Yes
  • Views:Valley: 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 Half Baths2: 2
  • Property Info:Total Fireplaces: 1
  • Size of HouseLot:Apx SqFt Finished: 3490.0
  • Size of HouseLot:Apx Acres2: 0.09
  • Exterior:Stone: Yes
  • Foundation:Concrete Perimeter: Yes
  • Roof:Asphalt: Yes
  • Roof:Shingle: Yes
  • Cooling:Central Air: Yes
  • Equipment:Smoke Alarm: Yes
  • Equipment:Thermostat - Programmable: Yes
  • Equipment:Water Softener - Owned: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Flooring:Tile: Yes
  • Flooring:Wood2: Yes
  • Dining Area:Semi-Formal Dining: Yes
  • Room Totals:Family Room7: 1
  • Room Totals:Fireplace8: 1
  • Main Level Totals:Fireplace2: 1
  • Lower Level Totals:Family Room3: 1
  • Lower Level Totals:Full Baths3: 1
  • Property Description:PUD - Planned Unit Development: Yes
  • Exterior:Wood Siding: Yes
  • Washers: Yes
  • Dining Area:Breakfast Bar: Yes
  • Room Totals:Dining Room7: 1
  • Room Totals:Great Room7: 1
  • Size of HouseLot:Apx Lot Size (SqFt)2: 3920.0
  • Water Irrigation: Yes
  • Exterior:Stucco: Yes
  • Size of HouseLot:Apx SqFt Unfinished: 140.0
  • Style:One Story: Yes
  • Lower Level Totals:Half Baths3: 1
  • Style:Twin Home: Yes
  • Main Level Totals:Laundry2: 1
  • Room Totals:Laundry8: 2
  • Lower Level Totals:Laundry4: 1
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Oven, Refrigerator, Washer
  • Flooring: Tile, Wood
  • Interior Amenities: Storage, Ceiling Fan(s), Furnished - Fully, Jetted Bath Tub(s), Lower Level Walkout, Main Level Master Bedroom, Pantry, Vaulted Ceiling(s), Wet Bar, Breakfast Bar
  • Other Equipment: Garage Door Opener, Smoke Alarm, Thermostat - Programmable, Water Softener - Owned
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Gas, Insert
  • Fireplaces: 1
  • Fireplace: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Gas Range: Yes
  • Appliances:Oven: Yes
  • Interior Features:Furnished - Fully: Yes
  • Interior Features:Lower Level Walkout: Yes
  • Interior Features:Main Level Master Bedroom: Yes
  • Interior Features:Pantry: Yes
  • Number of Fireplaces Gas: Yes
  • Interior Features:Ceiling Fan(s): Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Interior Features:Jetted Bath Tub(s): Yes
  • Interior Features:Wet Bar: Yes
  • Fireplaces:Insert: Yes
  • Interior Features:Storage2: Yes

Exterior Features

  • Exterior Features: Balcony, Deck(s), Gas BBQ, Landscaped - Fully, Lawn Sprinkler - Full
  • Roof: Asphalt, Shingle
  • Other Structures: None
  • Lot Features: Adjacent Common Area Land, Gradual Slope, PUD - Planned Unit Development
  • View: Mountain(s), Valley
  • Construction Type: Stone, Stucco, Wood Siding
  • Foundation Details: Concrete Perimeter
  • Construction:Frame - Timber: Yes
  • Exterior Features:Deck(s): Yes
  • Exterior Features:Landscaped - Fully: Yes
  • Exterior Features:Lawn Sprinkler - Full: Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Gas BBQ: Yes

Garage/Parking

  • OtherParkTypeParkingSpaces: 2
  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Property Info:Parking Spaces Covered: 2
  • Equipment:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air
  • Heating: Fireplace(s), Forced Air, Natural Gas
  • Utilities: Cable Available, Electricity Connected, High Speed Internet Available, Natural Gas Connected, Phone Available
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Irrigation, Public
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Heating:Fireplace(s): Yes

Condo/Co-op/Association

  • Amenities: Pets Allowed w/Restrictions
  • Association Fee: 200.0
  • Association Fee Frequency: Monthly
  • Phone: 801-953-9690
  • Association: Yes

Association/Amenities

  • AssociationOccupant:HOA Dues: Yes
  • AssociationOccupant:HOA Dues2: 200.0
  • AssociationOccupant:HOA Dues Frequency: Monthly
  • AssociationOccupant:HOA Contact: Mike Anderson
  • AssociationOccupant:HOA Contact Phone: 801-953-9690
  • AssociationOccupant:Currently Occupied: Owner
  • Association Fees Included:Com Area Taxes: Yes
  • Association Fees Included:Insurance: Yes
  • Association Fees Included:Management Fees: Yes
  • Association Fees Included:ReserveContingency Fund: Yes
  • Association Fees Included:Snow Removal: Yes
  • Common Area Amenities:Pets Allowed wRestrictions: Yes
  • Association Fees Included:Maintenance Exterior: Yes
  • Association Fees Included:Maintenance Grounds: Yes

Fee Information

  • Association Fee Includes: Com Area Taxes, Insurance, Maintenance Exterior, Maintenance Grounds, Management Fees, Reserve/Contingency Fund, Snow Removal

Lot Info

  • Development Status: Construction Status
  • Lot Size Sq Ft: 3920.0
  • Parcel #: 00-0016-7614
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 3557.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 2, 2022
Sold by
Snyder Jaye J
Bought by
Snyder Jaye Jeffery and Synder Sook J
Total Days on Market
91
Current Estimated Value
$997,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Outstanding Balance
$42,909
Interest Rate
4.43%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,031,964

Purchase Details

Listed on
Aug 18, 2015
Closed on
Apr 20, 2016
Sold by
Grenon Lucien R and Grenon Carol A
Bought by
Snyder Jaye J and Snyder Sook J
Seller's Agent
Cameron Boyd
Park City Realty Group
Buyer's Agent
Thomas Wright
Summit Sotheby's Realty
List Price
$499,500
Sold Price
$484,000
Premium/Discount to List
-$15,500
-3.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.25%
Original Mortgage
$309,000
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2011
Sold by
Grenon Lucien R and Grenon Carol A
Bought by
Grenon Lucien R and Grenon Carol A

Purchase Details

Closed on
Sep 7, 2010
Sold by
First Community Bank
Bought by
Grenon Lucien R and Grenon Carol A

Purchase Details

Closed on
Mar 19, 2010
Sold by
Hoke Christopher
Bought by
First Community Bank

Purchase Details

Closed on
Jan 9, 2008
Sold by
Hoke Christopher L
Bought by
Millington Trent

Purchase Details

Closed on
Jan 4, 2008
Sold by
Millington Trent
Bought by
Hoke Christopher L

Purchase Details

Closed on
Nov 20, 2006
Sold by
Gold Leaf Homes Inc
Bought by
Hoke Christopher L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 2006
Sold by
Crystal Springs Land & Cattle Co Inc
Bought by
Gold Leaf Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
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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
Snyder Jaye Jeffery -- Atlas Title
Snyder Jaye J -- Atlas Title
Grenon Lucien R -- None Available
Grenon Lucien R -- Title West Midvale
First Community Bank $375,000 None Available
Millington Trent -- Accommodation
Hoke Christopher L -- Horizon Title Insurance Agen
Hoke Christopher L -- Horizon Title Insurance
Gold Leaf Homes Inc -- First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Snyder Jaye Jeffery $50,000
Previous Owner Snyder Jaye J $281,000
Previous Owner Snyder Jaye J $309,000
Previous Owner Hoke Christopher L $472,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2016 05/05/16 Sold -- -- --
11/18/2015 11/18/15 Pending -- -- --
08/18/2015 08/18/15 For Sale $499,500 -- $143 / 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 $3,878 $773,856 $225,000 $548,856
2023 $3,878 $859,840 $250,000 $609,840
2022 $4,742 $859,840 $250,000 $609,840
2021 $3,148 $441,158 $100,000 $341,158
2020 $3,247 $441,158 $100,000 $341,158
2019 $2,970 $242,637 $0 $0
2018 $2,970 $242,637 $0 $0
2017 $2,987 $441,158 $0 $0
2016 $5,569 $441,158 $0 $0
2015 $3,418 $285,000 $75,000 $210,000
2014 $3,557 $285,000 $75,000 $210,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Park City Board of REALTORS®

MLS Number: 11503327

Park City Board of REALTORS®

APN: 00-0016-7614