NOT LISTED FOR SALE

7518 Sage Meadow Park City, UT 84098

Estimated Value: $5,318,000 - $6,102,000

1.01 Acres
$5,758,274 Price per Acre
43,996 Sq Ft Lot

Last Sold August 28, 2015

Current estimated payment $32,885/month

293 Days on Market

About This Lot

As of August 2015

This one-acre homesite offers panoramic, unobstructed, south facing views of the Pete Dye Golf Course, Park City's ski resorts and Olympic Park. Sunset Ridge is one of Promontory's premier neighborhoods due to its lovely estate-sized homes and proximity to the West gate and amenities. Promontory offers year round amenities including swimming pools, The Shed, Outfitter's Cabin, private Deer Valley ski club and more. Promontory Golf Membership available for additional deposit.

Last Agent to Sell the Property

Rodney Bradshaw

Summit Sotheby's International Realty License #5503281SA00 Listed on: 10/13/2014

Last Buyer's Agent

Michele Cone

KW Park City Keller Williams Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,161

Lot Details

  • 1.01 Acre Lot
  • Property fronts a private road
  • Sloped Lot

HOA Fees

  • $250 Monthly HOA Fees

Property Views

  • Mountain
  • Valley

Utilities

  • Private Water Source

Community Details

  • Association fees include snow removal
  • Association Phone (435) 333-4026
  • Sunset Ridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number PSSR-16

Property Details

Property Type

Land

Est. Annual Taxes

$2,161

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Prop. Type: Land
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Property Sub Type: Residential
  • Lot Size Acres: 1.01
  • Subdivision Name: Sunset Ridge
  • Contract Info:Short Sale: No
  • Contract Info:BankLender Owned: No
  • Property Info:Tax ID: PSSR-16
  • Property Info:Apx Taxes: 2161.02
  • Property Info:Tax Year2: 2014
  • Property Info:Access: Year Round
  • Size of Lot:Apx Lot Size (SqFt)3: 43996.0
  • Size of Lot:Apx Acres3: 1.01
  • Property Description:Gradual Slope: Yes
  • Views:Mountain(s): Yes
  • Water:Private2: Yes
  • Sewage:Public Sewer: Yes
  • Views:Valley: Yes
  • Road Frontage Type:Private Road: Yes
  • Special Features: VirtualTour

Exterior Features

  • Lot Features: Gradual Slope
  • View: Mountain(s), Valley

Utilities

  • Sewer: Public Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Association Fee: 250.0
  • Association Fee Frequency: Monthly
  • Phone: 435-333-4026
  • Association: Yes

Association/Amenities

  • AssociationOccupant:HOA Dues: Yes
  • AssociationOccupant:HOA Dues2: 250.0
  • AssociationOccupant:HOA Dues Frequency: Monthly
  • AssociationOccupant:HOA Contact: PROMONTORY
  • AssociationOccupant:HOA Contact Phone: 435-333-4026
  • Association Fees Include:Snow Removal2: Yes
  • Association Fees Include:Com Area Taxes2: Yes
  • Association Fees Include:Insurance2: Yes
  • Association Fees Include:Maintenance Grounds2: Yes
  • Association Fees Include:Maintenance Exterior2: Yes

Fee Information

  • Association Fee Includes: Snow Removal

Lot Info

  • Lot Size Sq Ft: 43995.6
  • Parcel #: PSSR-16
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 2161.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2020
Sold by
Munshi Amit and Munshi Bouabuchar
Bought by
The Amit Munshi Revocable Trust and The Bouabuchar Munshi Revocable Trust
Current Estimated Value
$5,815,857

Purchase Details

Closed on
Apr 14, 2020
Sold by
Sargent Cade and Sargent Amber
Bought by
Munshi Amit and Munshi Bouabuchar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,080,000
Outstanding Balance
$1,842,628
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$3,973,229

Purchase Details

Closed on
Jul 18, 2019
Sold by
Sargent Cade and Sargent Amber
Bought by
Sargent Cade and Sargent Amber

Purchase Details

Closed on
Mar 5, 2018
Sold by
Reese Nathan Mark and Reese Julie A
Bought by
Sargent Cade and Sargent Amber

Purchase Details

Listed on
Oct 13, 2014
Closed on
Aug 12, 2015
Sold by
Jennings Holdings Llc
Bought by
Reese Nathan Mark and Reese Julie A
Seller's Agent
Rodney Bradshaw
Summit Sotheby's International Realty
Buyer's Agent
Michele Cone
KW Park City Keller Williams Real Estate
List Price
$229,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.81%

Purchase Details

Closed on
Apr 22, 2011
Sold by
Deutsche Bank National Trust Co
Bought by
Jannings Holdings Llc

Purchase Details

Closed on
Apr 21, 2011
Sold by
Deutsche Bank National Trust Co
Bought by
Jannings Holdings Llc

Purchase Details

Closed on
Oct 25, 2010
Sold by
Hart D Troy
Bought by
One West Bank Fsb

Purchase Details

Closed on
Feb 1, 2007
Sold by
Sapp Michael D
Bought by
Hart D Troy

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
6.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2005
Sold by
Pivotal Promontory Development Llc
Bought by
Sapp Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
The Amit Munshi Revocable Trust -- None Available
Munshi Amit -- First American Park City
Sargent Cade -- First American Park City
Sargent Cade -- First American Title Ins Co
Reese Nathan Mark -- Summit Escrow & Title
Jannings Holdings Llc -- Premier Title Ins Agency
Jannings Holdings Llc -- Premier Title Ins Agency
Deutsche Bank National Trust Co -- None Available
One West Bank Fsb -- --
Hart D Troy -- None Available
Sapp Michael D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Munshi Amit $2,080,000
Previous Owner Hart D Troy $472,500
Previous Owner Sapp Michael D $262,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2015 08/28/15 Sold -- -- --
08/03/2015 08/03/15 Pending -- -- --
10/13/2014 10/13/14 For Sale $229,000 -- --
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 $21,595 $3,213,787 $660,020 $2,553,767
2023 $21,595 $3,724,540 $660,020 $3,064,520
2022 $13,577 $2,034,632 $264,020 $1,770,612
2021 $12,687 $1,535,592 $181,520 $1,354,072
2020 $13,555 $1,535,592 $181,520 $1,354,072
2019 $7,562 $791,521 $330,020 $461,501
2018 $2,627 $275,000 $275,000 $0
2017 $3,035 $330,020 $330,020 $0
2016 $2,163 $220,020 $220,020 $0
2015 $2,724 $270,020 $0 $0
2013 $2,161 $200,020 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Rodney Bradshaw

    Summit Sotheby's International Realty

  • M

    Buyer's Agent in 2015

    Michele Cone

    KW Park City Keller Williams Real Estate

See All Agents

Map

Source: Park City Board of REALTORS®

MLS Number: 11403573

Park City Board of REALTORS®

APN: PSSR-16

Utah Summit County Park City 84098

7518 Sage Meadow, Park City, UT

This home is located at 7518 Sage Meadow, Park City, UT 84098 since 13 October 2014 and is currently estimated at $5,815,857. 7518 Sage Meadow is a home located in Summit County with nearby schools including South Summit Elementary School and South Summit High School.

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