1960 N Highway 40

    Heber City, UT 84032
    • $498,700
    • STATUS: Active
    • ON SITE: 96 days
    • MLS #: 1647129
    $498,700
    • 6
      BEDS
    • 0.5
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 2,466
      SQFT
    • $202
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1948
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    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... Deeded TWO HOMES on one lot! 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

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    Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2020-03-30T06:35:55.203. 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 the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
    www.jeffcamp.com/homes/101878256

    1960 N Highway 40 Heber City, UT 84032

    • Price: $498,700
    • Status: Active
    • MLS #: 1647129
    6
    Beds
    3
    Baths
    0
    ½ Baths
    0.5
    Acres
    2,466
    SQFT
    $202
    $/SQFT
    1948
    Built
    Neighborhood:
    Charleston; Heber
    County:
    Wasatch
    Area:
    Charleston; Heber
    Elementary School:
    J R Smith
    Middle School:
    Wasatch
    High School:
    Wasatch
    School District:
    Wasatch
    Property Description
    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... Deeded TWO HOMES on one lot! 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
    Exterior Features

    Carport Capacity 0 Decks 0 Driveway Dirt Exterior Features BarnBasement EntranceDouble Pane WindowsHorse PropertyOut BuildingsPorch: Open Garage Capacity 2 Garage Parking Features See RemarksDetachedExtra WidthParking: CoveredParking: UncoveredRv ParkingStorage AboveExtra LengthWorkshopWorkbench Landscaping Mature Trees Length In Feet Of Back Of Property 0.0 Length In Feet Of Front Of Property 0.0 Length In Feet Of Side Of Property 0.0 Lot Facts See RemarksCorner LotTerrain: FlatView: Mountain Parking Capacity 4 Patios 0 Roof Features See RemarksMetal Storage See RemarksGarageShed Style Rambler/Ranch

    Interior Features

    Air Conditioning Natural Ventilation Basement FullWalkoutSee Remarks Basement Finished Percentage 45 Floor Coverings See Remarks Heating Features Electric: BaseboardForced AirGas: Central Interior Features See RemarksBasement ApartmentGas LogKitchen: SecondMother-In-Law Apt. Level Basement Bedrooms 2 Level Basement Full Baths 1 Level Basement Half Baths 0 Level Basement Sq Ft 918 Level Basement Three Quarter Baths 0 Level1 Bedrooms 2 Level1 Full Baths 1 Level1 Half Baths 0 Level1 Sq Ft 918 Level1 Three Quarter Baths 0 Level2 Bedrooms 2 Level2 Full Baths 1 Level2 Half Baths 0 Level2 Sq Ft 630 Level2 Three Quarter Baths 0 Level3 Bedrooms 0 Level3 Full Baths 0 Level3 Half Baths 0 Level3 Sq Ft 0 Level3 Three Quarter Baths 0 Level4 Bedrooms 0 Level4 Full Baths 0 Level4 Half Baths 0 Level4 Sq Ft 0 Level4 Three Quarter Baths 0 Total Baths 3.00 Total Breakfast Bars 0 Total Dens 0 Total Family Rooms 3 Total Fireplaces 1 Total Formal Dining Rooms 0 Total Formal Living Rooms 0 Total Kitchens 3 Total Laundry Rooms 3 Total Semi Formal Dining Rooms 2 Windows None

    Property Features

    Accessibility 32" Wide Doorways Amenities Electric Dryer Hookup Community Pool No Hoa No Hoa Fee 0 Inclusions See RemarksFireplace EquipmentFireplace InsertRangeRefrigeratorStorage Sheds Maintenance Fee No Owner Type Owner/Agent Pool No Possession Recording Residential Property Type Single Family Spa No Taxes 1304 Terms See RemarksCashConventionalExchangeSeller Finance Utilities See RemarksGas: ConnectedPower: ConnectedSewer: AvailableSewer: PrivateSewer: Septic TankWater: Connected Water See RemarksRights: OwnedWell Water Shares 0.00 Year Remodeled 2019 Zoning See Remarks

    Listing provided courtesy of Redzone Real Estate. Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2020 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


    Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2020-03-30T06:35:55.203. 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 the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
     
    High Country Properties
    P.O. Box 1090
    Park City UT, 84060