7447 S Main St Midvale, UT 84047
Estimated payment $2,929/month
Highlights
- No HOA
- Hillcrest High School Rated A-
- No Heating
About This Lot
Covered land opportunity: currently improved with a single-family home generating $1,575 in monthly rental income. This allows for immediate cash flow while entitlements or development plans are underway. Midvale City has funding available if the project were to affordable through their Upper Floor Housing Program. Additional information about this is available on request. Zoning: Main Street Form-Based Code (MS-FBC) Flexible zoning allows for a variety of uses, including rowhomes, apartments, retail, and mixed-use development. Projects with frontage on a Primary or Side Street must include at least 30 feet of active ground floor use (e.g., retail or commercial). Additional frontage beyond the required 30 feet can transition to residential based on project design. Rear faades may be entirely residential-no retail requirement. Streamlined approval process: Administrative approval only (no city council involvement). Reduced parking requirement: Only 1 stall per residential unit is required. DEVELOPMENT POTENTIAL With 100 feet of frontage on Main Street and MS-FBC zoning, the site offers an excellent opportunity for infill residential or mixed-use development. The parcel's location supports podium, rowhouse, or townhome product types and benefits from flexible design standards and minimal parking requirements. Located on Midvale City's historic Main Street which is currently being gentrified- famous for The Sandlot being filmed onsite. New multi-family complexes with rooftop decks. City offers attractive grant programs and affordable housing development loans/programs for developers. Cactus & Tropical located down the street. Brewery coming in walking distance from subject. Food Truck Plaza kiddie-corner from property. Cafes, festival lighting and much more. It's the next spot to take off in Salt Lake County.
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,741
Lot Details
- 0.28 Acre Lot
- Zoning described as 1108
Schools
- Midvale Elementary And Middle School
- Hillcrest High School
Community Details
- No Home Owners Association
- Tate Subdivision
Listing and Financial Details
- Assessor Parcel Number 21-25-303-001
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 |
|---|---|---|---|---|
| 2025 | $1,656 | $286,500 | $136,400 | $150,100 |
| 2024 | $1,656 | $282,500 | $129,300 | $153,200 |
| 2023 | $1,526 | $258,400 | $102,700 | $155,700 |
| 2022 | $0 | $268,800 | $100,700 | $168,100 |
| 2021 | $1,419 | $201,400 | $89,100 | $112,300 |
| 2020 | $1,365 | $183,600 | $76,300 | $107,300 |
| 2019 | $1,316 | $172,700 | $76,300 | $96,400 |
| 2018 | $0 | $157,200 | $77,500 | $79,700 |
| 2017 | $1,207 | $155,000 | $64,600 | $90,400 |
| 2016 | $1,103 | $137,600 | $64,600 | $73,000 |
| 2015 | $1,163 | $142,900 | $62,600 | $80,300 |
| 2014 | $1,133 | $136,100 | $60,700 | $75,400 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/29/2025 09/29/25 | Price Changed | $525,000 | -4.5% | -- |
| 09/17/2025 09/17/25 | Price Changed | $549,500 | -8.4% | -- |
| 08/12/2025 08/12/25 | For Sale | $600,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Real Advantage Title Insurance | |
| Warranty Deed | -- | Real Advantage Title Insurance | |
| Warranty Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $196,000 | New Conventional |
Source: UtahRealEstate.com
MLS Number: 2104606
APN: 21-25-303-001-0000
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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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