PROPERTY DETAILS
About This Property
This home for sale at Richfield, UT 84701 has been listed at $499,000 and has been on the market for 240 days.
Full Description
**Prime Opportunity Zone Development : Shovel-Ready Land for 28 Apartment Units in Richfield, UT. This property is in a designated Opportunity Zone, offering significant tax incentives to investors, including potential deferral or elimination of capital gains taxes. With projected gross monthly rents of $32,400 this development is poised to yield over $1.5 million in profit upon stabilization, making it an incredibly attractive opportunity for developers and investors alike. **Included in the Sale:** - Civil Plans - Architectural Designs - Geotechnical Report - Topographical Survey - Easements & Utility Plans - Complete Development Packet with all necessary documentation to proceed with construction Reach out for link to full development packet. OM & drawings attached in listing.
Property Highlights
- Spacious home with 36 bedrooms. Perfect for a growing family.
- Generous living space with 22,548 square feet. Plenty of room for everyone.
- Large lot size of 1.13 acres. Great for outdoor activities.
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General Information
-
Price
$499,000 40.9k
-
Days on Market
240
-
Area
Central Sevier
-
Total Bedrooms
36
-
Total Bathrooms
34
-
House Size
22548 Sq Ft
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Address
Richfield, UT 84701
-
Listed By
NRE
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HOA
NO
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Lot Size
1.13
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Price/sqft
22.13
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Year Built
2025
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MLS
2053171
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Status
Active
-
City
-
Term Of Sale
Assumable,Cash,Conventional,Exchange,Owner 2nd,Seller Finance,Seller Will Subordinate
Building and Construction
- Roof:
- Exterior:
- Construction:
- Foundation Basement:
Garage and Parking
- Garage Type: No
- Garage Spaces: 0
Price History
Jul 28, 2025
$499,000
Price decreased:
-$40,900
$22.13/sqft
Feb 26, 2025
$539,900
Price decreased:
-$89,000
$23.94/sqft
Dec 06, 2024
$628,900
Price decreased:
-$100
$27.89/sqft
Dec 04, 2024
$629,000
Just Listed
$27.90/sqft
Mortgage Calculator
Estimated Monthly Payment
$0
Principal & Interest
$0
Property Tax (est)
$0
Home Insurance
$0
Loan Amount:
$0
Total Interest Paid:
$0
Total Amount Paid:
$0
Other Property Info
- Area: Central Sevier
- Zoning: Multi-Family
- State: UT
- County: Sevier
- This listing is courtesy of:: Austin Seegmiller NRE.
Based on information from UtahRealEstate.com as of 2024-12-04 11:39:48. 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. IDX information is provided exclusively 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.
Housing Act and Utah Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, family status, or national origin.
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