Views - Seller Financing
Address
1100 N Highway 89, Ephraim, UT
Price
$ 2,500,000
Property Attributes
- MLS#1899082
- TypeLand
- Listing Status Under Contract
- CountySANPETE
- CityEphraim
- AreaEphraim
- Zip84627
- Style
- Taxes$ 10000
- Price$ 2,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size27.99 Acres
Data Source:
Wasatch Front Regional MLS (WFRMLS)
Property Description
Seller is willing to carry 50% for 18 months but purchase price would need to be $3,000,000. for those terms. Ephraim is experiencing a severe housing shortage. The timing is right for a project like this. Seller has zoning in hand for 360 units that can either be apartments, townhomes condos or a mixture but approval is in hand for 360 units. Also approximately 3.7 acres approved for storage units and an additional 4 acres zoned commercial. Located just north of the Wal Mart in Ephraim on highway 89. Feasibility study, soils, engineering plats in hand and available by request. Feasibility study shows 100% occupancy as each building is finished due to the severe housing shortage. Approved plat is attached. Buyer will need to obtain final plat approval but zoning and density have already been approved. Approximately 60 days needed to obtain final plat approval once engineering is done and submitted to city. Sale includes surveys soils and all engineering done to date.
| Elementary School | Middle School | High School |
|---|---|---|
| Ephraim Elementary School | Ephraim Middle School | Manti High School |
| Price History | |
|---|---|
| 9/8/2023 | Listed $10,440,000 |
| 1/5/2024 | 14$9,000,000 |
| 3/7/2024 | 40$5,400,000 |
| 6/12/2024 | 45$3,000,000 |
| 1/29/2025 | 10$2,700,000 |
| 4/4/2025 | 8$2,500,000 |
General Features
| Sewer | Sewer: Available |
|---|---|
| Utilities | Natural Gas Available,Electricity Available,Sewer Available |
| Zoning | Multi-Family,Commercial,Industrial |
| Topography | Terrain: Flat |
| Property Subtype | Multi Family |
| Current Use | Multi-Family |
| County | Sanpete |
| New Construction | No |
| Property Type | Land |
| HOA | No |
| Attached Garage | No |
| Garage Y/N | No |
| Status | Under Contract |
| High School | Manti |
| City | Ephraim |
| Senior Community Y/N | No |
| High School District | South Sanpete |
| MLS Area | Ephraim; Manti |
| Lot Size Units | Acres |
| Lot Size Square Feet | 1219244.4 |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional,Seller Finance |
| Elementary School | Ephraim |
| Property Attached Y/N | No |
| Tax Annual Amount | 10000.0 |
| Home Warranty Y/N | No |
| Middle/Junior High School | Ephraim |
| Property Condition | Blt./Standing |
| Lease Considered Y/N | No |
| Living Area Units | Square Feet |
| Standard Status | Pending |
| Middle/Junior School District | South Sanpete |
| Elementary School District | South Sanpete |
| PostalCity | Ephraim |
| ADU | No |
Interior Features
| Air Conditioning Y/N | No |
|---|---|
| Heating Y/N | No |
| Fireplace Y/N | No |
Exterior Features
| Lot Features | View: Mountain,Terrain: Flat,Excl. Mineral Rights,Excl. Oil/Gas Rights |
|---|---|
| Lot Size Area | 27.99 |
| Spa | No |
| Lot Dimensions | 0.0x0.0x0.0 |
| Lot Size Acres | 27.99 |
| Frontage Length | 0.0 |
| Private Pool | No |
| Waterfront Y/N | No |
| Horse Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Land Average in 84627
Price
Taxes
Visits
Wasatch Front Regional MLS - Salt Lake Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties
