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West Jordan Utah Form 5471: What You Should Know

For Sale By Owner Property ‚ÄĒ 2.2 acres at 4.5¬† feet thick, and approximately 1.1 million, for sale by owner. Inventory Report, Oct-15-2016, at 5,550.00,¬† Listing Statement, April 15, 2016, at 500,000.00 Inventory Report, Aug-15-2016, at 3,975.00,¬† Listing Statement, Aug 1, 2016, at 1,500.00. For Sale By Owner Property ‚ÄĒ In October 2010, the property came to my attention and offered. ¬†During the following 2 years, the property remained in use,¬† and the property owner filed the necessary papers to amend the¬† Assessment¬†to increase its assessment. ¬†This was done on June 23, 2013. ¬† In September 2016, the property was sold for¬†695,000.00, the current assessment. The seller had the opportunity to use this assessment to lower the purchase price, which they did. ¬† Although the current assessment was 3,969,000, the seller used the 5,550.00 ac 6,000.00 assessed value per property in their attempt to sell the property. ¬†The property had a price tag of 3,968,000, and the seller was willing to accept a lower sale price. ¬† Accordingly, I had the seller submit a statement in lieu of a sale price, stating that the property's value would increase or remain the same based on the assessed value. ¬† The current assessed valuation of this property was listed as 3,968,000.00 and on the Statement of Cash Receipts, in the amount of 5,550.00. ¬† The seller will receive tax receipts showing that the property's assessed value dropped to 3,968,000.00 and that sales tax was¬† paid to the City of West Jordan. There were no offers on the property during the last quarter.¬† To purchase this 6,650 square foot home, the buyer will have to pay,¬†1,995,900.00 for the property with a 300,000.00 down payment and a loan of 1,695,900.00 with an interest rate of 7.

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