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$498,900
1960 N HIGHWAY 40, Heber City UT 84032
6
BEDS
3
BATHS
2,466
SQFT
$202
$/SQFT
0.50
ACRES
1948
BUILT
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Owner/Agent has decided to sell this project. Unfortunately, Seller has not been able to focus enough attention to it since acquisition and hasn't made the expected progress on the remodel either... Both buildings are about two weeks and a total of $10,000 away from 4-way inspection with Wasatch County. Seller is selling land, buildings, plans, permits, materials, etc. Essentially, the entire project will be sold to a Buyer with the time and money to see it through and cash in on rents or resale. Homes are being Sold AS IS. Potential commercial opportunity as well. Great views of Timpanogos and surrounding mountain ranges. Just minutes to golf, water sports on two reservoirs, fishing on the Provo River and close to several ski resorts. Access off Hwy 40 and Coyote Lane. The current zoning is SFR, but this is one of the few lots in Wasatch County that is deeded for two homes on one lot. Previously, Ivory Homes was pursuing a re-zoning of the area to develop the 68 acres of land surrounding this parcel to 12 units per acre and they have also successfully received agreement to annex their development and this land into Heber City which will eventually extend utilities. Before the approval at one point last year there was even a land and water rights offer from Ivory Homes of $400,000 for this parcel as they would be tearing down the existing structures to build new. The gross projected long-term rents once completed are around $4,000 based on our comparable rentals in Heber currently under management. Short term rental rates would be much higher at least for 6 months of the year. These are old farm houses, but as you can see Seller has redone a lot. Seller would also still potentially be open to a partner who has the time and money to see this project through. We would either sell or refinance upon completion. The address is 1960 N highway 40 Heber City UT 84032. The recent as-is appraisal was $435k (attached). See attached and Seller's notes below- (1) description of improvements: Already completed: New roofs on both buildings New pex supply plumbing and new PVC drain plumbing in large building. New submersible well pump, new buried well water storage tank, new secondary pump and expansion tank in utility room. New HVAC system in large building including new water heater, new furnace, new ducting in big building and wired for electric wall heaters in small building. New electrical service to both buildings, new electrical panels, and all new electrical wiring. New double pane windows in both houses. New supports and sections of new foundation on small building. New framing in basement of large building and framing repaired, added, and replaced as needed per layout and code in both buildings. New subfloor as needed in both buildings. New paint on large building and new hardie board siding prepped and material on-site for small building. New septic tank perc test completed and design and permit approved by the county and paid for. To be completed: New drywall in both buildings (material already on-site). New interior paint in both buildings. New flooring throughout in both buildings. New electrical and plumbing fixtures in both buildings. New bathrooms and kitchens in both buildings. Foundation pour on small building. Septic install. Total renovation cost thus far: $145,829.40 See attached for current plans. Final configuration after full remodel will be as follows: small building 630 sq ft with 2 beds, 1 full bath, family room and kitchen large building 2,421 sq ft with 4 bedrooms, 1 office, 2 mud rooms, 1 rec room, 1 family room, 2 full baths
Status:
Active
Showings:
(801) 792-6970
MLS#:
1647129
Year Built:
1948
Days on Site:
28 days
Home Type:
Single Family - Rambler/Ranch
Coordinates:
1960
Garage:
2
School Info
School District:
Wasatch
Ele. School:
J R Smith
Mid. School:
Wasatch
High School:
Wasatch
Financial Information
Current Price:
$498, 900
01/21/2020:
Price changed from: $499900 to $498900
01/02/2020:
Price changed from: $499000 to $499900
$ per Sqft:
$202
Prop. Tax:
$1, 304
Ownership:
See Remarks, Cash, Conv, Exchange, Seller Finance
Interior Features
Bedrooms:
6
Bathrooms:
3 (3 Full )
# of Levels:
2
Interior:
See Remarks, Basement Apartment, Gas Log, Kitchen: Second, Mother-in-Law Apt.
Fireplaces:
1
Basement:
Full, Walkout, See Rem
Basement Fin:
45%
Inclusions:
See Remarks, Fireplace Equipment, Fireplace Insert, Range, Refrigerator, Storage Sheds
Exterior Features
Parking:
2 car See Remarks, Detached, Extra Width, Parking
Lot Size:
0.50 Acres
Exterior:
Barn, Basement Entrance, Double Pane Windows, Horse Property, Out Buildings, Porch: Open
Disabled Access:
32 Wide Doorways
Lot Type:
See Remarks, Corner Lot, Terrain: Flat, View: Mountain
Roofing:
See Remarks, Metal
Amenities:
Electric Dryer Hookup
Utilities
Heating:
Electric: Baseboard,
Cooling:
Natural Ventilation
Water:
See Remarks, Rig
Room Detail
 SqFtBedFull
Bath
3qtr
Bath
Half
Bath
FireplaceLaundry
Floor 2:  630 2 1       1
Floor 1:  918 2 1     1 1
Basement:  918 2 1       1
Totals:  2,466 6 3     1 3
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To see the property located at 1960 N HIGHWAY 40, Heber City UT 84032 or any other home on this website please call (801) 792-6970
 Listing #1647129 By Redzone Real Estate (86394)
MLS Listings are provided by the Wasatch Front Regional Multiple Listing Service, Inc.  All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.  All information should be independently reviewed and verified for accuracy.  Copyright © 2020 UtahRealEstate.com.  All Rights Reserved.  Information not guaranteed.







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