Introducing Spencer Court Apartments, a prime 22 unit multi-family property located in the sought-after Avenues area of Salt Lake City. Built in the early 20th century, this property consists of six buildings comprising of 6 units (234 E), 4 units (240 E) 3 units (224 E), 4 units (226 E), 3 units (230 E), and 2 units (232 E). This property is located near City Creek Center, University of Utah, and Memory Grove Park making it a highly desirable area for rental growth. Value add opportunity. Measurements are provided as a courtesy only. Buyer is advised to obtain independent measurement.
Property Details
Property Features
Property Information:
Architectural Style: Other/See Remarks
Year Built: 1916
Stories: 0
Living Area: 13,631 SqFt
Listing Office:
Office Name: Investment Realty Advisors LLC
Office Phone: (435) 485-7070
Listing Agent: Cory Waddoups
Interior Features
Interior Information:
Flooring Type: Hardwood, Tile, Concrete
Bedroom and Bathroom Information:
Total Bedroom Count: 30
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Attached Garage: No
Parking: Parking: Uncovered
Lot Features
Lot Information:
Lot Size: 0.58 Acres
Price Information
Listing Price Info
Price Summary:
List Price: $4,400,000
Price Per SqFt: $323/SqFt
Tax Information:
Annual Amount: $4,134
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Salt Lake City, UT.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 3:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$4,134
$604,800
2020
$4,134
$338,140
2019
$1,660
$204,270
2017
$1,743
$222,500
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$22K
Per Month
Principal & Interest
$21.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$13.2K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Ensign School
775 E 12th Ave
Distance between this listing and this school1.14 miles
Public District Grades PK-6
3
/10
Mary W. Jackson School
750 W 200 N
Distance between this listing and this school1.45 miles
Public District Grades PK-6
9
/10
Wasatch School
30 R St
Distance between this listing and this school1.47 miles
Public District Grades KG-6
Nearby Schools
3
/10
Salt Lake Center for Science Education Bryant
40 S 800 E
Distance between this listing and this school0.93 miles
Public District Grades 7-8
8
/10
Salt Lake Arts Academy
844 S 200 E
Distance between this listing and this school1.67 miles
Public Charter Grades 5-8
5
/10
Pacific Heritage Academy
1755 W 1100 N
Distance between this listing and this school3.17 miles
Public Charter Grades KG-8
Nearby Schools
5
/10
West High School
241 N 300 W
Distance between this listing and this school0.82 miles
Public District Grades 7-12
6
/10
City Academy
555 E 200 S
Distance between this listing and this school0.85 miles
Public Charter Grades 7-12
3
/10
East High School
840 S 1300 E
Distance between this listing and this school2.27 miles
The neighbors living near this home have an average income of $45,459. Residents of Salt Lake City, UT typically earn between $35k-100k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 240 N Spencer Ct in Salt Lake City, UT and zip code 84103 in the Canyon Road / West Avenues neighborhood. This 13,631 square foot home, which was built in 1916, sits on a 0.58 acre lot. Features: 30 bedrooms, 22 bathrooms. It has been listed on Rocket Homes since October 14, 2024 and is currently priced at $4,400,000.
Between October 2024 and November 2024, Salt Lake City, UT real estate market has seen increase in the number of listings by 26.9%. Listings spent 81 days on the market in November 2024, and had a median list price of $596,987 during the same period.
From Rocket Homes Real Estate and based on county public records data.