818 Summit Dr, Smithfield, UT
List Price$629,900
- Beds
- 5
- Sq Ft
- 3,342
- Built
- 1995
Older home with fewer bedrooms but competing directly at the recommended price point.
RE/MAX Peaks CMA Report
Smithfield Market Value Analysis
A comprehensive market analysis and pricing strategy for 567 E 620 N, Smithfield, Utah.
6 Bedrooms
3 Bathrooms
3,506 Sq Ft
0.3 Acres
3-Car Garage
Built 2012
Recommended List Price
$629,900
Value Range: $615,000 – $640,000
Positioned in one of Smithfield's strongest demand segments with broad appeal to move-up buyers and growing families.
Subject Property
The Property Today
567 E 620 N
Smithfield, Utah 84335
This home combines the functionality today's buyers want with the upgrades they value most. The fully finished basement, six finished bedrooms, updated flooring, and generous living space position the property competitively against both resale and new construction options in the Smithfield market.
Key Features
- 6 Finished Bedrooms
- 3 Finished Bathrooms
- Fully Finished Basement
- New Wood Flooring Upstairs
- New Truss Rafters
- 3-Car Garage
- Large Family Rooms
- Established Landscaping
- Near Smithfield Canyon Recreation
CMA Value Summary
Estimated Market Value
Three pricing strategies, each calibrated to a specific position in the current Smithfield market.
Aggressive Strategy
$599,900
Designed to maximize exposure and create urgency among buyers. Most likely to generate strong showing activity.
Recommended
Balanced Strategy
$629,900
Provides the strongest balance between market exposure and value capture based on current Smithfield sales activity.
Premium Strategy
$659,900 – $675,000
Requires exceptional presentation and may result in longer market time but could capture additional upside.
Comparable Sales Analysis
Recent Comparable Sales
Closed sales selected for size, bedroom count, and proximity to the subject property.
| Address | Sold | Sq Ft | Bd / Ba | Built |
|---|---|---|---|---|
| 111 S 1250 E | $637,400 | 3,585 | 6 / 3 | 2020 |
| 536 N 770 W | $567,000 | 3,335 | 6 / 3 | 2023 |
| 442 S 455 E | $629,900 | 3,620 | 7 / 3 | 1998 |
| 85 S 300 W | $612,500 | 3,244 | 6 / 3 | 1999 |
| Subject — 567 E 620 N | $629,900 | 3,506 | 6 / 3 | 2012 |
Sale Price Comparison
Market Competition Analysis
How Buyers Will Compare Your Home
Today's buyers don't evaluate your home in isolation. They compare it against every active, pending, under-contract, and recently sold property within the same price range. Understanding that competition helps explain both market value and pricing strategy.
Current Competition
795 W 440 N, Smithfield, UT
List Price$580,000
- Beds
- 6
- Sq Ft
- 3,142
- Built
- 2022
Lower-priced competitor with similar bedroom count but less overall space.
623 N 510 E, Smithfield, UT
List Price$615,900
- Beds
- 4
- Sq Ft
- 3,930
- Built
- 2025
New construction appeal but fewer bedrooms and unfinished personalization.
Seller Insight
The subject property compares favorably against active inventory due to its finished basement, six finished bedrooms, mature landscaping, and established neighborhood location.
Subject vs Market
How 567 E 620 N Stacks Up
| Metric | Subject Property | Active Avg | Pending Avg | Sold Avg |
|---|---|---|---|---|
| Bedrooms | 6 | 5.0 | 4.0 | 6.3 |
| Bathrooms | 3 | 3 | 3 | 3 |
| Square Footage | 3,506 | 3,471 | 3,136 | 3,446 |
| Year Built | 2012 | 2014 | 2026 | 2010 |
| Garage Spaces | 3 | 2 | 2 | 2 |
| Finished Basement | ||||
| Price | $629,900 | $608,600 | $581,600 | $611,700 |
Subject Property — Recommended List Price $629,900
Pricing Justification
Why $629,900 Is The Recommended Price
Aggressive Strategy
$599,900
Recommended Strategy
$629,900
Premium Strategy
$659,900+
Active inventory frames the ceiling, pending and under-contract homes confirm current buyer appetite, and recent sold comparables establish the floor. Together they support $629,900 as the price most likely to generate strong showing activity while capturing full market value.
Market Analysis
Current Smithfield Market Conditions
Strong move-up buyer demand
Healthy absorption within subject price range
Competitive inventory levels
Strong buyer preference for finished basements
Continued demand for 6-bedroom homes
The subject property sits within one of the most active buyer segments in Smithfield. Homes offering larger bedroom counts, finished basements, updated interiors, and functional family layouts continue to outperform the broader market.
The recommended pricing strategy places the property directly within a healthy demand range where buyer activity remains strong.
Buyer Profile
Who Is Most Likely To Buy This Home?
Five distinct buyer profiles drive the targeted marketing strategy for this property.
01
Move-Up Cache Valley Family
Why They Care
Large layout, basement space, garage capacity, and family functionality.
Marketing Plan
Targeted social campaigns, Zillow Showcase, RE/MAX buyer database.
02
Multi-Generational Household
Why They Care
Finished basement and bedroom count create flexibility.
Marketing Plan
Lifestyle-driven advertising and video tours.
03
Relocation Buyer
Why They Care
Move-in ready condition and access to recreation.
Marketing Plan
RE/MAX referral network and relocation outreach.
04
Outdoor Lifestyle Buyer
Why They Care
Proximity to Smithfield Canyon and outdoor recreation.
Marketing Plan
Recreation-focused social content and geographic targeting.
05
New Construction Alternative Buyer
Why They Care
Finished basement and mature landscaping without waiting to build.
Marketing Plan
Comparison campaigns targeting new construction shoppers.
RE/MAX Peaks Advantage
Why This Marketing Plan Is Different
Local Market Expertise
Deep knowledge of Cache Valley and Northern Utah markets.
RE/MAX Brand Power
Global recognition combined with local execution.
Zillow Showcase Exposure
Enhanced online visibility and buyer engagement.
Professional Media
Photography, video, floor plans, and digital assets.
Digital Advertising
Property-specific campaigns targeting likely buyers.
Agent Network Promotion
Broker-to-broker exposure and local market reach.
Buyer Database Access
Direct marketing to active buyer pools.
Strategic Launch Planning
Designed to maximize early momentum and buyer confidence.
Launch Plan
Recommended Launch Strategy
- 1
Week 1
Preparation
- Final touch-ups
- Photography
- Staging consultation
- 2
Week 2
Marketing Asset Creation
- Zillow Showcase
- Social media content
- Property marketing package
- 3
Launch Week
Go Live
- MLS activation
- RE/MAX distribution
- Paid advertising begins
- 4
Weeks 1–2 After Launch
Buyer Engagement
- Showings
- Agent outreach
- Open house opportunities
Final Recommendation
Recommended List Price
$629,900
Based on recent comparable sales, current Smithfield market conditions, the property's upgrades, and competitive inventory, the recommended pricing strategy is $629,900.
This position maximizes visibility while supporting strong value capture and aligns with the strongest demand segment in today's market.
Seller Net Sheet
Estimate Your Take-Home
Adjust the numbers below to model your sale. All figures update live so you can see exactly what hits your pocket at closing.
Your Numbers
Sale Price$629,900
Loan Payoff– $0
Commission (6%)– $37,794
Title & Closing– $2,500
Concessions– $0
Other Fees– $500
Total Costs– $40,794
Estimated Seller Net
$589,106
Estimate only. Actual proceeds vary based on closing date, prorations, and final title figures.
Prepared By RE/MAX Peaks
The Allred Team
Travis Allred · Corey Brady · Eli Hopkins
RE/MAX Peaks · 255 S Main St Suite 120, Logan, UT 84321
Schedule My Listing Consultation