NOT LISTED FOR SALE

9427 N Promontory Summit Dr Park City, UT 84098

Estimated Value: $3,826,000 - $7,750,079

1.17 Acres
$4,427,088 Price per Acre
50,965 Sq Ft Lot

Last Sold October 28, 2020

Current estimated payment $32,942/month

282 Days on Market

Highlights

  • Views of Ski Resort
  • Steam Room
  • Building Security System
  • North Summit Middle School Rated A-
  • Fitness Center
  • Clubhouse

About This Lot

As of October 2020

This remarkable lot in Promontory's Summit neighborhood has some of the most stunning views in all of Park City. Gently sloping, south-facing parcel with a huge buildable area, this property borders a huge tract of open space, and is perfectly positioned near the end of a very private drive. Build up to 8,000 sq. feet of 'dream home' in Promontory Club with all of its amenities, and effortless access out the North (Main) entrance onto I-80. Elk, deer, snowshoe hares, marmots, and several species of large birds are abundant; with the south-facing orientation this lot provides ample sunshine year 'round, along with stunning sunsets and sweeping views of the Wasatch Back ski runs from Deer Valley to the top of Parley's Canyon. Now being offered with $25k towards the Membership of a Buyer's choice, this lot is not to be missed!

Last Agent to Sell the Property

Michael Swan

Summit Sotheby's International Realty Listed on: 12/30/2019

Last Buyer's Agent

BJ Christianson

Equity RE (Luxury Group)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,980

Lot Details

  • 1.17 Acre Lot
  • Property fronts a private road
  • Gated Home
  • Secluded Lot
  • Sloped Lot

HOA Fees

  • $300 Monthly HOA Fees

Property Views

  • Ski Resort
  • Mountain
  • Valley

Utilities

  • Natural Gas Connected
  • Private Water Source
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number Sum-40

Community Details

Overview

  • Association fees include security
  • Association Phone (435) 333-4063
  • The Summit Subdivision

Amenities

  • Steam Room
  • Sauna
  • Clubhouse
  • Elevator

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Community Spa
  • Trails

Security

  • Building Security System

Property Details

Property Type

Land

Est. Annual Taxes

$5,980

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • Prop. Type: Land
  • Road Frontage Type: Gated, Private Road
  • Road Surface Type: Paved
  • Property Sub Type: Residential
  • Lot Size Acres: 1.17
  • Subdivision Name: The Summit
  • Contract Info:Short Sale: No
  • Contract Info:BankLender Owned: No
  • Property Info:Tax ID: Sum-40
  • Property Info:Apx Taxes: 5980.0
  • Property Info:Tax Year2: 2019
  • Property Info:Access: Year Round
  • Size of Lot:Apx Lot Size (SqFt)3: 50965.0
  • Size of Lot:Apx Acres3: 1.17
  • Property Description:Gradual Slope: Yes
  • Property Description:Secluded: Yes
  • Views:Mountain(s): Yes
  • Utilities:Cable Available: Yes
  • Utilities:High Speed Internet Available: Yes
  • Utilities:Phone Available: Yes
  • Water:Private2: Yes
  • Sewage:Public Sewer: Yes
  • Views:Ski Area: Yes
  • Views:Valley: Yes
  • Recreation Access:HikeBike Trail - Adjoining Project: Yes
  • Road Frontage Type:Gated: Yes
  • Road Frontage Type:Private Road: Yes
  • Utilities:Electricity Connected: Yes
  • Utilities:Natural Gas Connected: Yes
  • Special Features: VirtualTour

Exterior Features

  • Other Structures: None
  • Lot Features: Gradual Slope, Secluded
  • View: Mountain(s), Ski Area, Valley

Utilities

  • Cooling: None
  • Utilities: Cable Available, Electricity Connected, High Speed Internet Available, Natural Gas Connected, Phone Available
  • Cooling Y N: No
  • Sewer: Public Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Amenities: Spa/Hot Tub, Security, Management, Elevator(s), Clubhouse, Fire Sprinklers, Fitness Room, Pets Allowed, Pool, Sauna, Security System - Entrance, Steam Room, Tennis Court(s)
  • Association Fee: 900.0
  • Association Fee Frequency: Quarterly
  • Phone: 435-333-4063
  • Association: Yes

Association/Amenities

  • AssociationOccupant:HOA Dues: Yes
  • AssociationOccupant:HOA Dues2: 900.0
  • AssociationOccupant:HOA Dues Frequency: Quarterly
  • AssociationOccupant:HOA Contact: Logan Finlayson
  • AssociationOccupant:HOA Contact Phone: 435-333-4063
  • Ranch Amenities:None26: Yes
  • Common Area Amenities:Clubhouse: Yes
  • Common Area Amenities:Fitness Room: Yes
  • Common Area Amenities:Pool: Yes
  • Common Area Amenities:Tennis Court(s)2: Yes
  • Common Area Amenities:Pets Allowed: Yes
  • Common Area Amenities:Fire Sprinklers2: Yes
  • Common Area Amenities:Security System - Entrance: Yes
  • Association Fees Include:Com Area Taxes2: Yes
  • Association Fees Include:Insurance2: Yes
  • Association Fees Include:Maintenance Grounds2: Yes
  • Association Fees Include:ReserveContingency Fund2: Yes
  • Common Area Amenities:Sauna: Yes
  • Association Fees Include:Maintenance Exterior2: Yes
  • Common Area Amenities:Steam Room2: Yes
  • Common Area Amenities:Elevator(s): Yes
  • Common Area Amenities:Management: Yes
  • Common Area Amenities:Security2: Yes
  • Common Area Amenities:SpaHot Tub: Yes
  • Association Fees Include:Security3: Yes

Fee Information

  • Association Fee Includes: Security

Lot Info

  • Lot Size Sq Ft: 50965.2
  • Parcel #: Sum-40
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 5980.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2022
Sold by
Hatch Barry L
Bought by
Hatch Shelley and Hatch Barry L
Current Estimated Value
$5,179,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Outstanding Balance
$505,879
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$4,673,814

Purchase Details

Closed on
Mar 16, 2022
Sold by
Hatch Barry L
Bought by
Hatch Shelley and Hatch Barry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Outstanding Balance
$505,879
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$4,673,814

Purchase Details

Listed on
Dec 30, 2019
Closed on
Oct 27, 2020
Sold by
Costas Michael and Costas Beatrice
Bought by
Walsh William Robert and Walsh William
Seller's Agent
Michael Swan
Summit Sotheby's International Realty
Buyer's Agent
BJ Christianson
Equity RE (Luxury Group)
List Price
$745,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.71%

Purchase Details

Listed on
Oct 16, 2015
Closed on
Nov 18, 2015
Sold by
Promontory Development Llc
Bought by
Costas Michael and Costas Beatrice
Seller's Agent
Chris Messick
Summit Sotheby's International Realty
Buyer's Agent
Peter Linsey
BHHS Utah Properties - MST
List Price
$750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.94%
Original Mortgage
$200,000
Interest Rate
3.76%
Mortgage Type
New Conventional
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
Hatch Shelley -- Atlas Title Company
Hatch Shelley -- Atlas Title Company
Walsh William Robert -- Metro National Title
Costas Michael -- Summit Escrow & Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hatch Shelley $540,000
Previous Owner Costas Michael $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/28/2020 10/28/20 Sold -- -- --
10/08/2020 10/08/20 Pending -- -- --
12/30/2019 12/30/19 For Sale $745,000 -0.7% --
11/30/2015 11/30/15 Sold -- -- -- View Prior Sale
10/15/2015 10/15/15 Pending -- -- --
10/06/2015 10/06/15 For Sale $750,000 -- --
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
2022 $5,538 $928,400 $928,400 $0
2021 $5,422 $703,400 $703,400 $0
2020 $5,795 $703,400 $703,400 $0
2019 $6,492 $703,400 $703,400 $0
2018 $6,492 $703,400 $703,400 $0
2017 $6,280 $703,400 $703,400 $0
2016 $8,638 $903,400 $903,400 $0
2015 $2,334 $232,500 $0 $0
2013 $4,548 $430,340 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Park City Board of REALTORS®

MLS Number: 11909052

Park City Board of REALTORS®

APN: SUM-40