Estimated payment $5,045/month
Highlights
- 0.77 Acre Lot
- No HOA
- No Heating
About This Lot
Perfect for the savvy Land / Multifamily investor, this property is strategically located in the desirable Magna area and is zoned R-2-6.5, offering great potential for multifamily development. With its prime zoning designation, this parcel presents an exceptional opportunity for building residential units that cater to the growing demand for high-quality housing in the area. The property's ideal location in Magna ensures access to a range of amenities and conveniences, making it a promising investment for those looking to capitalize on the thriving real estate market in this sought-after neighborhood. Exceptional 0.77-acre corner lot at 7382 W 3500 S in Magna-prime for development with past plans approved for three duplexes (six total units). Positioned on an intersection, this flat, build-ready parcel offers outstanding visibility, utility access, and strong resale potential for the end product. Ideal for developers seeking a multi-family opportunity in a growing area, just minutes from major amenities and commuter routes.
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,822
Lot Details
- 0.77 Acre Lot
- Property is zoned Multi-Family, 1206
Schools
- Lake Ridge Elementary School
- Matheson Middle School
- Cyprus High School
Community Details
- No Home Owners Association
- Centennial V Subdivision
Listing and Financial Details
- Assessor Parcel Number 14-28-476-040
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2023 | $1,827 | $128,300 | $128,300 | $0 |
| 2022 | $1,860 | $132,400 | $132,400 | $0 |
| 2021 | $1,485 | $92,400 | $92,400 | $0 |
| 2020 | $1,386 | $80,100 | $80,100 | $0 |
| 2019 | $1,314 | $77,000 | $77,000 | $0 |
| 2018 | $1,352 | $77,000 | $77,000 | $0 |
| 2017 | $0 | $77,000 | $77,000 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/14/2025 08/14/25 | For Sale | $898,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Old Republic National Title | |
| Special Warranty Deed | -- | Old Republic Title | |
| Warranty Deed | -- | Old Republic Ttl Draper Orem | |
| Warranty Deed | -- | Sutherland Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $51,172 | Unknown | |
| Previous Owner | $150,000 | Unknown |
Source: UtahRealEstate.com
MLS Number: 2105086
APN: 14-28-476-040-0000
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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.
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