2589 S Ridgeland Dr West Valley City, UT 84119

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3 beds · 1 bath · 1,036 sq ft · Lot Size: 6,970 sq ft · Single Family Home · East Granger
Est. Property Value: $320,930

High Demand Long-Term RentalOwned for Less Than 5 YearsOwner Age 25 - 35

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2589 S Ridgeland Dr is in the East Granger neighborhood of West Valley City, UT. It is located in Salt Lake County and ZIP code 84119. This Single Family Home was built in 1963 and is approximately 62 years old. The single family home spans 1036 sq ft with 3 bedrooms and 1 bathroom and sits on a 6970 sq ft lot. According to public records, it was last sold in 2021 for $363,750 and has a tax-assessed value of $296,400, which is $310 per sq ft. The East Granger area of West Valley City has 90 residential homes with an average size of 1324 sq ft. Analyze and compare real estate investment strategies for properties like this home at 2589 S Ridgeland Dr West Valley City, UT 84119 with Property Intel by Whitepages.

2589 S Ridgeland Dr

West Valley City, UT 84119

Owner Info

Owners & Occupancy for 2589 S Ridgeland Dr

This property is owned by Christopher Preston Johnson. Owner contact information includes and 1 email address.

Property Owners

Residence********************
Landline
Distance from Property**********
Email Address******************@gmail.comView Email
View All Owner Info

Occupancy

Current Occupancy*****View Occupancy
Resident 1*****************
Resident 2*************************** age 29
Resident 3*************** age 25
Resident 4************* age 64

Property Financials for 2589 S Ridgeland Dr

2589 S Ridgeland Dr, West Valley City, UT has a mortgage from Intercap Lndg (orig. June 09, 2021). The Salt Lake county assessment for 2024 values it at $296,400, with annual taxes of $1,935.

Mortgage & Equity Information

Loan Amount$******
LenderIntercap Lndg
Origination DateJune 09, 2021
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date*************
Equity View Equity
View All Mortgage Info

Property Tax

Purchase DateJune 09, 2021
Property Tax Amount$1,935 in 2024
Purchase Price$363,750
Assessed Value$296,400 on 2024

Investment Potential for 2589 S Ridgeland Dr

The property has a current estimated value of $320,930, which is 15% below the neighborhood median, based on public records. It last sold on June 09, 2021 for $364K. Projected long-term
is $25,200 annually ($2,100 per month) with a 96% occupancy rate.

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Long-Term

Gross Rental
$25,200 per year($2,100 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
96%in 84119 zip code
 
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Property Details for 2589 S Ridgeland Dr

Property Details

Property Sq Ft

Living Area

1,036 sq ft

22% below market

Lot Size

6,970 sq ft

16% below market

Price Per Sq Ft

Living Area

$310 / sq ft

5% above market

Lot Size Area

$46 / sq ft

4% above market

Property condition, age, exterior, etc. for 2589 S Rid…
Longitude: -111.973711 Latitude: 40.714109 Parcel Number (APN): 15-20-454-024-0000…

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Discover more single family homes near 2589 S Ridgeland Dr in West Valley City, Utah. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 2589 S Ridgeland Dr in Salt Lake County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$320,930
$489,437
-$168,507 (-34%)
$******
$607,798
-$217,048 (-36%)
YoY Price Change
****%
2.55%
-96%
Year Built
1963
1998
-35 years
Living Space
1,036 sq ft
1,715 sq ft
-679 (-40%)
$ Per Living Sq Ft
$310
$283
$27 (10%)
Lot Size
6,970 sq ft
8,276 sq ft
-1306 (-16%)
$ Per Lot Sq Ft
$46
$58
-$12 (-21%)

Net Operating Income
$*****
$18,176
-$617 (-3%)
Annual Revenue
$25,200
$28,200
-$3,000 (-11%)
$****
$9,565
-$1,924 (-20%)
Net Operating Income
$*****
$18,176
-$617 (-3%)
Cap Rate
****%
3.75%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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