541 N Bright Ct Salt Lake City, UT 84116

3 beds · 2 baths · 1,814 sq ft · Lot Size: 871 sq ft · Single Family Home · Fairpark
Est. Property Value: $405,350

Good value per sqftOwned for Less Than 5 Years

Get AI-powered intel on property income potential, propensity to sell and other key info to close on the right property.

541 N Bright Ct is in the Fairpark neighborhood of Salt Lake City, UT. It is located in Salt Lake County and ZIP code 84116. This Single Family Home was built in 1996 and is approximately 29 years old. The single family home spans 1814 sq ft with 3 bedrooms and 2 bathrooms and sits on a 871 sq ft lot. According to public records, it was last sold in 2023 for $366,931 and has a tax-assessed value of $354,900, which is $223 per sq ft. The Fairpark area of Salt Lake City has 592 residential homes with an average size of 1370.5 sq ft. Analyze and compare real estate investment strategies for properties like this home at 541 N Bright Ct Salt Lake City, UT 84116 with Property Intel by Whitepages.

Owners & Occupancy for 541 N Bright Ct

No contact information is available.

Occupancy

Resident 1******************* age 37

Property Financials for 541 N Bright Ct

541 N Bright Ct, Salt Lake City, UT has a mortgage from Intercap Lndg (orig. November 07, 2023). The Salt Lake county assessment for 2024 values it at $354,900, with annual taxes of $1,860.

Mortgage & Equity Information

Loan Amount$******
LenderIntercap Lndg
Origination DateNovember 07, 2023
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date*****************
Equity View Equity
View All Mortgage Info

Property Tax

Purchase DateNovember 08, 2023
Property Tax Amount$1,860 in 2024
Purchase Price$366,931
Assessed Value$354,900 on 2024

Investment Potential for 541 N Bright Ct

The property has a current estimated value of $405,350, which is 1% above the neighborhood median, based on public records. It last sold on November 08, 2023 for $367K. Projected long-term
is $22,200 annually ($1,850 per month) with a 94% occupancy rate.

Discover more Single Family Homes in Fairpark.
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Long-Term

Gross Rental
$22,200 per year($1,850 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
94%in 84116 zip code
 
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Property Details for 541 N Bright Ct

Property Details

Property Sq Ft

Living Area

1,814 sq ft

32% above market

Lot Size

871 sq ft

88% below market

Price Per Sq Ft

Living Area

$223 / sq ft

23% below market

Lot Size Area

$465 / sq ft

668% above market

Property condition, age, exterior, etc. for 541 N Brig…
Longitude: -111.911499 Latitude: 40.780361 Parcel Number (APN): 08-35-229-032-0000…

Recommended Properties in Fairpark

Discover more single family homes near 541 N Bright Ct in Salt Lake 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 541 N Bright Ct in Salt Lake County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$405,350
$489,437
-$84,087 (-17%)
—
—
—
YoY Price Change
****%
2.55%
135%
Year Built
1996
1998
-2 years
Living Space
1,814 sq ft
1,715 sq ft
99 (6%)
$ Per Living Sq Ft
$223
$283
-$59 (-21%)
Lot Size
871 sq ft
8,276 sq ft
-7405 (-89%)
$ Per Lot Sq Ft
$465
$58
$407 (703%)

Net Operating Income
$*****
$18,176
-$3,743 (-21%)
Annual Revenue
$22,200
$28,200
-$6,000 (-21%)
$****
$9,565
-$1,798 (-19%)
Net Operating Income
$*****
$18,176
-$3,743 (-21%)
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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