848 N Dorothea Way Salt Lake City, UT 84116

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3 beds · 2 baths · 1,534 sq ft · Lot Size: 6,098 sq ft · Single Family Home · Westpointe
Est. Property Value: $402,545

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848 N Dorothea Way is in the Westpointe neighborhood of Salt Lake City, UT. It is located in Salt Lake County and ZIP code 84116. This Single Family Home was built in 1978 and is approximately 47 years old. The single family home spans 1534 sq ft with 3 bedrooms and 2 bathrooms and sits on a 6098 sq ft lot. According to public records, it was last sold in 2015 for $232,631 and has a tax-assessed value of $380,100, which is $262 per sq ft. The Westpointe area of Salt Lake City has 570 residential homes with an average size of 1449.5 sq ft. Analyze and compare real estate investment strategies for properties like this home at 848 N Dorothea Way Salt Lake City, UT 84116 with Property Intel by Whitepages.

848 N Dorothea Way

Salt Lake City, UT 84116

Owner Info

Owners & Occupancy for 848 N Dorothea Way

This property is owned by Brian D Correia. Owner contact information includes 6 phone numbers and 2 email addresses.

Property Owners

Cell Phone(408) ***-****View Cell Phone
Residence**********
Landline(408) 241-3865
Distance from Property**********
Email Address*************@listentech.comView Email

Occupancy

Resident 1***************

Property Financials for 848 N Dorothea Way

848 N Dorothea Way, Salt Lake City, UT has a mortgage from Axiom Fin'l Llc (orig. December 14, 2020). The Salt Lake county assessment for 2024 values it at $380,100.

Mortgage & Equity Information

Loan Amount$******
LenderAxiom Fin'l Llc
Origination DateDecember 14, 2020
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date****************
Equity View Equity

Property Tax

Purchase DateDecember 14, 2015
Purchase Price$232,631
Assessed Value$380,100 on 2024

Investment Potential for 848 N Dorothea Way

The property has a current estimated value of $402,545, which is 2% below the neighborhood median, based on public records. It last sold on December 14, 2015 for $233K. Projected long-term
is $27,600 annually ($2,300 per month) with a 94% occupancy rate.

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Long-Term

Gross Rental
$27,600 per year($2,300 per month)
Net Operating Income
Cap Rate
Occupancy Rate
94%in 84116 zip code
 
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Property Details for 848 N Dorothea Way

Property Details

Property Sq Ft

Living Area

1,534 sq ft

6% above market

Lot Size

6,098 sq ft

13% below market

Price Per Sq Ft

Living Area

$262 / sq ft

8% below market

Lot Size Area

$66 / sq ft

11% above market

Property condition, age, exterior, etc. for 848 N Doro…
Longitude: -111.944207 Latitude: 40.787728 Parcel Number (APN): 08-27-306-007-0000…

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Market Benchmarks

Compare data for 848 N Dorothea Way in Salt Lake County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$402,545
$489,437
-$86,892 (-18%)
YoY Price Change
2.55%
253%
Year Built
1978
1998
-20 years
Living Space
1,534 sq ft
1,715 sq ft
-181 (-11%)
$ Per Living Sq Ft
$262
$283
-$20 (-7%)
Lot Size
6,098 sq ft
8,276 sq ft
-2178 (-26%)
$ Per Lot Sq Ft
$66
$58
$8 (14%)

Net Operating Income
$18,176
$2,808 (15%)
Annual Revenue
$27,600
$28,200
-$600 (-2%)
$9,565
-$2,949 (-31%)
Net Operating Income
$18,176
$2,808 (15%)
Cap Rate
3.75%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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