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    Property profile & analytics

    2623 Ritson Ln Magna, UT 84044-1778

    • Apartment buildings
    • 5,985 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimation
    $460,000
    Last Sale
    Aug 07, 2020
    Location Intelligence
    Property ID
    US86-1405095
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2623 Ritson Ln

    Year built
    2019
    Lot size
    0.04 lot acres
    Property size
    5,985 SF
    Property type
    Apartment buildings
    APN
    14-21-451-068
    APU
    1421451068

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Magna
    County
    Salt Lake
    State
    Utah
    Longitude
    -112.069
    Latitude
    40.7128
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,882
    $39,700
    $1,054,900
    $1,094,600
    -
    $39,700
    $1,054,900
    $1,094,600

    Comparable in this City

    • Value Estimation by Request
      18,132 SF

      7318 Laxey St

      APARTMENT HOUSE (5+ UNITS) • 18,132 SF
      7318 Laxey St, Magna, UT 84044-0978
      View Details
    • Value Estimation
      $510,000
      6,336 SF

      7387 Laxey St

      APARTMENT HOUSE (5+ UNITS) • 6,336 SF
      7387 Laxey St, Magna, UT 84044-0917
      View Details
    • Value Estimation
      $565,000
      7,980 SF

      2618 Lesseps Ln

      APARTMENT HOUSE (5+ UNITS) • 7,980 SF
      2618 Lesseps Ln, Magna, UT 84044-1082
      View Details
    • Value Estimation
      $500,000
      6,336 SF

      7483 Laxey St

      APARTMENT HOUSE (5+ UNITS) • 6,336 SF
      7483 Laxey St, Magna, UT 84044-0909
      View Details
    • Value Estimation
      $450,000
      5,985 SF

      2625 Ashbridge Ln

      APARTMENT HOUSE (5+ UNITS) • 5,985 SF
      2625 Ashbridge Ln, Magna, UT 84044-1780
      View Details
    • Value Estimation
      $405,000
      3,990 SF

      2624 Lesseps Ln

      APARTMENT HOUSE (5+ UNITS) • 3,990 SF
      2624 Lesseps Ln, Magna, UT 84044-1082
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
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      View Details
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    2623 Ritson Ln
    Magna, UT 84044-1778
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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