2544 PROMENADE, Cottonwood Heights, UT 84121
6BD/—BA Residential in Cottonwood Heights, UT 84121. 2,472 sqft. Built 1971. Listed at $699,000. MLS #2134186.
6BD/—BA Residential in Cottonwood Heights, UT 84121. 2,472 sqft. Built 1971. Listed at $699,000. MLS #2134186.
SELLER FINANCING available at 3.99% with 20% down. Call agent for details. PRICE REDUCED $60K!! Located in a desirable Cottonwood Heights neighborhood, this home offers a peaceful retreat within walking distance of prime amenities, including the Cottonwood Heights Rec Center, Butler Field, and 3 highly rated schools: Brighton High, Butler Middle, and Butler Elementary - all recently rebuilt. Convenient access to Cottonwood Canyons, ski resorts, shopping, dining, and exceptional mountain views enhance the value of this location. This spacious 6-bedroom residence features a fully finished basement, sits on a prime corner lot, and features numerous updates. Recent improvements include remodeled upstairs bathrooms, new carpet and paint, new windows, custom closet organizers, new stair banister, laminate stair treads, recessed lighting, central air, a private deck off the primary bedroom, and a new exterior electrical panel. The fully fenced backyard offers privacy and is ideal for relaxation or entertaining, with generous patio space, a gardening area, and mature fruit trees (peach, nectarine, plum, and fig), in addition to a prolific raspberry bush producing fruit into October. You can stop waiting for interest rates to drop. Consider seller financing instead. Flexible and attractive seller financing terms are available. Get a rate well below prevailing market interest rates as well as possible long-term financing (up to 30 years). Avoid the high fees and excessive closing costs of traditional lenders. Additional options and incentives available for larger down payments. Seller financing purchase price of $729,000. Contact the listing agent for further details and for showings. OWNER/AGENT
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
County
Salt Lake
Zoning
Single-Family
Construction
Brick,Other
Lot Size
0.19 sq ft
Above Grade Area
1,236 sq ft
Condition
Blt./Standing
MLS #
2134186
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
County
Salt Lake
Zoning
Single-Family
Construction
Brick,Other
Lot Size
0.19 sq ft
Above Grade Area
1,236 sq ft
Condition
Blt./Standing
MLS #
2134186
List Price
$699,000
Original Price
$759,000
Annual Taxes
$3,672
Home Warranty
No
List Price
$699,000
Original Price
$759,000
Annual Taxes
$3,672
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Full
Materials
Brick,Other
Appliances
Microwave,Refrigerator
Laundry
Electric Dryer Hookup
Patio & Porch
Porch: Open,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Full
Materials
Brick,Other
Appliances
Microwave,Refrigerator
Laundry
Electric Dryer Hookup
Patio & Porch
Porch: Open,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Garage Spaces
2
Covered Spaces
2
Total Parking
4
Garage Spaces
2
Covered Spaces
2
Total Parking
4
Why this is a deal
Classification
Standard
Deal Score
78/100
vs Similar Homes
7% below
vs Market Median
7% below
Price Reduced
7.9%
Area Growth (YoY)
2.4%
Deal Score Breakdown
78/100 · 3 qualifying signals
8% price reduction from original list — seller may be motivated
Priced 7% below the median of similar listings
Priced 7% below the per-subtype city median
2.4% year-over-year ZHVI growth in this area
LT net cashflow -$1,698/mo (-35.6% return on ownership cost) · STR net cashflow -$1,522/mo (-31.9% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
Monthly Rent
$3,498/mo
Range: $2,554 – $4,442
Net Monthly Cash Flow
−$1,698 /mo (−$20,378/yr)
Monthly rental income
Monthly ownership cost
Coverage
73%
Net /mo
−$1,698
DSCR
0.87
Est. Annual Revenue
$55,784/yr
$364/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$1,522 /mo (−$18,258/yr)
Monthly STR income
Monthly ownership cost
Coverage
97%
Net /mo
−$1,522
DSCR
0.92
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
12
Available Providers
$784,900
-11% vs median
60 days
63
$259,900 – $7,999,999
$3,672
Moderate
4.6
per 1,000
27.2
per 1,000
8.9
per 1,000
40.7
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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