2862 PAMELA, Cottonwood Heights, UT 84121
5BD/—BA Residential in Cottonwood Heights, UT 84121. 2,680 sqft. Built 1954. Listed at $699,999. MLS #2139375.
5BD/—BA Residential in Cottonwood Heights, UT 84121. 2,680 sqft. Built 1954. Listed at $699,999. MLS #2139375.
18 minutes to Alta. Cottonwood Heights location with a lot most buyers never find at this price point. BONUS #1 - PREMIUM OVERSIZED LOT: Most homes in Cottonwood Heights sit on lots two-thirds this size. At 0.28 acres, this property delivers space, privacy, and room that simply isn't available in this neighborhood at this price. BONUS #2 - RARE DETACHED ADU ELIGIBILITY: This lot qualifies for a detached Accessory Dwelling Unit of 1,000+ SF in the rear yard - separate structure, separate entrance, fully independent. Rental income. Multigenerational living. Guest house. Home office. Most lots in this zip code do not qualify. This one does. BONUS #3 - OPEN CONCEPT MAIN FLOOR: Rare for a 1955 Cottonwood Heights home - the main floor offers an open living and dining layout that feels current and livable from day one. BONUS #4 - CONTRACTOR AT COST: Seller is offering to complete renovations at cost - materials and labor only, no markup. Bring your vision; the work gets done at a fraction of what you'd pay on the open market. Not included in the price - an extraordinary add-on available to the buyer. BONUS #5 - CASH FLOW: HOME OFFICE WITH PRIVATE ACCESS: The drive-through garage offers a rare setup for a fully independent home office - private entrance, separate from the main living area. Stop paying $350$500/month in office rent. SAVE $4,200 $6,000/year the day you move in. BONUS #6 - INTERNAL ADU INCOME POTENTIAL: The existing layout supports an internal ADU generating an estimated $1,800$1,850 per month in rental income. SAVE $21,600$22,200/year - offset your mortgage and build equity simultaneously. Buyer to verify all ADU eligibility, zoning requirements, rental income estimates, and contractor terms directly with seller.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
County
Salt Lake
Zoning
Single-Family
Construction
Aluminum,Stone
Lot Size
0.28 sq ft
Above Grade Area
1,528 sq ft
Condition
Blt./Standing
MLS #
2139375
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
County
Salt Lake
Zoning
Single-Family
Construction
Aluminum,Stone
Lot Size
0.28 sq ft
Above Grade Area
1,528 sq ft
Condition
Blt./Standing
MLS #
2139375
List Price
$699,999
Original Price
$750,000
Annual Taxes
$3,380
Home Warranty
No
List Price
$699,999
Original Price
$750,000
Annual Taxes
$3,380
Home Warranty
No
Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Full,Walk-Out Access
Materials
Aluminum,Stone
Laundry
Gas Dryer Hookup
Patio & Porch
Covered,Porch: Open,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Full,Walk-Out Access
Materials
Aluminum,Stone
Laundry
Gas Dryer Hookup
Patio & Porch
Covered,Porch: Open,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Garage Spaces
2
Covered Spaces
3
Total Parking
6
Garage Spaces
2
Covered Spaces
3
Total Parking
6
Why this is a deal
Classification
Exceptional DealDeal Score
100/100
vs Similar Homes
25% below
vs Market Median
10% below
Price Reduced
6.7%
Area Growth (YoY)
2.3%
Deal Score Breakdown
100/100 · 3 qualifying signals
Priced 25% below the median of similar listings
Priced 10% below the per-subtype city median
7% price reduction from original list — seller may be motivated
2.3% year-over-year ZHVI growth in this area
LT net cashflow -$1,568/mo (-32.9% return on ownership cost) · STR net cashflow -$1,630/mo (-34.2% 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
$3,629/mo
Range: $2,722 – $4,537
Net Monthly Cash Flow
−$1,569 /mo (−$18,827/yr)
Monthly rental income
Monthly ownership cost
Coverage
76%
Net /mo
−$1,568
DSCR
0.90
Est. Annual Revenue
$53,695/yr
$358/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$1,629 /mo (−$19,552/yr)
Monthly STR income
Monthly ownership cost
Coverage
94%
Net /mo
−$1,630
DSCR
0.88
Best Download
2 Gbps
Best Upload
1 Gbps
Fiber Available
Yes
Providers
10
Available Providers
$800,000
-13% vs median
57 days
62
$259,900 – $9,500,000
$3,380
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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Daryn Edmunds - High Road Properties

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Devin Tanner - Utah Realtor
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