NOT LISTED FOR SALE

9481 N Promontory Summit Dr Park City, UT 84098

Estimated Value: $5,040,000 - $8,573,142

1.26 Acres
$5,113,001 Price per Acre
54,886 Sq Ft Lot

Last Sold August 31, 2017

Current estimated payment $41,727/month

Highlights

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

About This Lot

As of August 2017

This lot in the Upper Summit neighborhood of Promontory offers the pinnacle of mountain living. A gently sloping downhill build provides the ideal situation to capture the stunning views of the full Wasatch range from DV Bald Mountain to the Ski jumps and beyond. Build up to 8,000 sq. ft. of dream home here for family and friends to enjoy year round. Golf, Wildlife, and the snowcapped Mountain peaks/ski run views are all on tap from this homesite. Easy Main gate access right into I-80. Membership to Promontory Club is available by a separate transaction.

Last Agent to Sell the Property

Michael Swan

Summit Sotheby's International Realty Listed on: 08/29/2017

Last Buyer's Agent

Donald Churilla

DMC Realty License #6354989-PB00

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,342

Lot Details

  • 1.26 Acre Lot
  • Property fronts a private road
  • Gated Home
  • Natural State Vegetation
  • Sloped Lot

HOA Fees

  • $250 Monthly HOA Fees

Property Views

  • Ski Resort
  • Mountain
  • Meadow

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number SUM-42

Community Details

Overview

  • Association fees include security, snow removal
  • Association Phone (435) 333-4063
  • Visit Association Website
  • The Summit Subdivision

Amenities

  • Steam Room
  • Shuttle
  • Clubhouse

Recreation

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

Security

  • Building Security System

Property Details

Property Type

Land

Est. Annual Taxes

$6,342

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Prop. Type: Land
  • Road Frontage Type: Gated, Private Road
  • Road Surface Type: Paved
  • Property Sub Type: Residential
  • Lot Size Acres: 1.26
  • Subdivision Name: The Summit
  • Contract Info:Short Sale: No
  • Contract Info:BankLender Owned: No
  • Property Info:Tax ID: SUM-42
  • Property Info:Apx Taxes: 6342.0
  • Property Info:Tax Year2: 2017
  • Property Info:Access: Year Round
  • Size of Lot:Apx Lot Size (SqFt)3: 54886.0
  • Size of Lot:Apx Acres3: 1.26
  • Property Description:Gradual Slope: Yes
  • Property Description:Natural Vegetation: 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:Meadow: Yes
  • Views:Ski Area: 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, Natural Vegetation
  • View: Meadow, Mountain(s), Ski Area

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, Clubhouse, Fire Sprinklers, Fitness Room, Pets Allowed w/Restrictions, Pool, Security System - Entrance, Shuttle Service, Steam Room, Tennis Court(s)
  • Association Fee: 750.0
  • Association Fee Frequency: Quarterly
  • Phone: 435-333-4063
  • Association: Yes

Association/Amenities

  • AssociationOccupant:HOA Dues: Yes
  • AssociationOccupant:HOA Dues2: 750.0
  • AssociationOccupant:HOA Dues Frequency: Quarterly
  • AssociationOccupant:HOA Contact: Logan Finlayson
  • AssociationOccupant:HOA Contact Phone: 435.333.4063
  • AssociationOccupant:HOA Website: www.promontoryclub.com
  • 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
  • Association Fees Include:Snow Removal2: Yes
  • Common Area Amenities:Fire Sprinklers2: Yes
  • Common Area Amenities:Pets Allowed wRestrictions: Yes
  • Common Area Amenities:Shuttle Service2: 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
  • Association Fees Include:Maintenance Exterior2: Yes
  • Common Area Amenities:Steam Room2: 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, Snow Removal

Lot Info

  • Lot Size Sq Ft: 54885.6
  • Parcel #: SUM-42
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 6342.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 26, 2019
Sold by
Lipman Maelissa B and Lipman Ronald L
Bought by
Lipman Ronald L and Lipman Maelissa B
Current Estimated Value
$6,442,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,240,940
Outstanding Balance
$1,997,420
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$4,373,682

Purchase Details

Closed on
Jun 19, 2018
Sold by
Lipman Ronald L and Lipman Maelissa B
Bought by
Lipman Maelissa B and Lipman Ronald L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,240,940
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Aug 29, 2017
Closed on
Aug 23, 2017
Sold by
Promontory Development Llc
Bought by
Lipman Maelissa B and Lipman Ronald L
Seller's Agent
Michael Swan
Summit Sotheby's International Realty
Buyer's Agent
Donald Churilla
DMC Realty
List Price
$641,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.20%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lipman Ronald L -- Us Title Insurance Agency
Lipman Maelissa B -- Us Title Insurance Agency
Lipman Maelissa B -- Summit Escrow & Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lipman Ronald L $2,240,940
Closed Lipman Maelissa B $2,240,940
Previous Owner Lipman Ronald L $1,075,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2017 08/31/17 Sold -- -- --
08/29/2017 08/29/17 Pending -- -- --
08/29/2017 08/29/17 For Sale $641,000 -- --
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 $35,741 $6,245,161 $930,200 $5,314,961
2021 $27,456 $3,562,056 $705,200 $2,856,856
2020 $29,348 $3,562,056 $705,200 $2,856,856
2019 $13,387 $1,450,505 $710,400 $740,105
2018 $5,916 $641,000 $641,000 $0
2017 $6,342 $710,400 $710,400 $0
2016 $8,656 $710,400 $710,400 $0
2015 $2,379 $237,000 $0 $0
2013 $4,550 $430,520 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Michael Swan

    Summit Sotheby's International Realty

  • D

    Buyer's Agent in 2017

    Donald Churilla

    DMC Realty

See All Agents

Map

Source: Park City Board of REALTORS®

MLS Number: 11703619

Park City Board of REALTORS®

APN: SUM-42

Utah Summit County Park City 84017

9481 N Promontory Summit Dr, Park City, UT

This home is located at 9481 N Promontory Summit Dr, Park City, UT 84098 since 29 August 2017 and is currently estimated at $6,442,381. 9481 N Promontory Summit Dr is a home located in Summit County with nearby schools including North Summit Middle School, North Summit Elementary School, and North Summit High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Park City Board of REALTORS® This information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.

The multiple listing information is provided by Park City Board of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2025 Park City Board of REALTORS®, All Rights Reserved. Access to the multiple listing information through this website is made available by Ten-X as a member of the Park City Board of REALTORS® multiple listing service.

Nearby Homes