387 LOAFER, Elk Ridge, UT 84651
5BD/—BA Residential in Elk Ridge, UT 84651. 4,637 sqft. Built 2001. Listed at $990,000. MLS #2163131.
5BD/—BA Residential in Elk Ridge, UT 84651. 4,637 sqft. Built 2001. Listed at $990,000. MLS #2163131.
Traditional farmhouse style with the hard-to-find combination of privacy, square footage, potential multi-family living, and a large .925-acre lot. With a tree & brush covered hill behind you where you can watch wildlife (turkeys, deer and other animals) as well as wildlife across the road from the front of the house and up the hill, you will enjoy the unmatched privacy of living in Loafer Canyon. At nearly an acre, you can BRING YOUR HORSES TOO. Home has a family room on each of the 3 levels, insuring plenty of room to gather and relax. A 2nd basement kitchen, basement laundry hook ups, and basement entrance offer a potential ADU (see Elk Ridge City for requirements). 5 bedrooms but potential for more. There is also an office (being used as a classroom) and a formal living room on the main floor. The upstairs family room (being used as a bedroom), has a built-in playhouse and a large built-in storage closet. Many storage closets throughout. Yoou'll be hard pressed to run out of hot water with double water heaters. Stay cozy in winter with a gas fireplace in the downstairs living room. 9 foot ceilings on the main level give it a spacious feel. The oversized garage with a pull-through shop area and rear garage door lead to a fully fenced backyard. There are raised bed gardens and a large in-ground garden. Automatic sprinklers make watering the apple trees, peach tree, strawberries, blackberries, raspberries and the rest of your garden easy. Relax on the rear deck or the pea gravel picnic area. Hillside trails, a deep rustic sandbox, basketball standard, and a wood chip area for playground equipment add enjoyment for little ones. Plenty of parking for your family and guests. Newer large Lifetime storage shed included. Square footage is from county records. Spacious kitchen with pull out drawers in pantry area, two laundry rooms, huge master suite with huge master bather featuring double basin vanity, large shower, separate jetted tub and large walk-in closet. Walk-out basement. Dual heating systems and dual A/C units plus a water softening system. Great room is wired for surround sound and wired for outside speakers. You've got to see this one.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
SAUNDERS
County
Utah
Zoning
Single-Family
Construction
Aluminum
Lot Size
0.93 sq ft
Above Grade Area
3,239 sq ft
Condition
Blt./Standing
MLS #
2163131
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
SAUNDERS
County
Utah
Zoning
Single-Family
Construction
Aluminum
Lot Size
0.93 sq ft
Above Grade Area
3,239 sq ft
Condition
Blt./Standing
MLS #
2163131
List Price
$990,000
Annual Taxes
$4,076
Home Warranty
No
List Price
$990,000
Annual Taxes
$4,076
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Full,Walk-Out Access
Materials
Aluminum
Appliances
Microwave,Range Hood,Refrigerator,Water Softener Owned
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Full,Walk-Out Access
Materials
Aluminum
Appliances
Microwave,Range Hood,Refrigerator,Water Softener Owned
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Garage Spaces
3
Covered Spaces
3
Total Parking
8
Garage Spaces
3
Covered Spaces
3
Total Parking
8
Why this is a deal
Classification
Standard
Deal Score
70/100
vs Similar Homes
10% above
vs Market Median
13% above
Area Growth (YoY)
6.8%
Deal Score Breakdown
70/100 · 1 qualifying signal
6.8% year-over-year ZHVI growth in this area
LT net cashflow -$1,267/mo (-19.1% return on ownership cost) · STR net cashflow -$4,116/mo (-62.1% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 10% above the median of similar listings
Priced 13% above the per-subtype city median
No price reduction from original list
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
$6,094/mo
Range: $4,599 – $7,589
Net Monthly Cash Flow
−$1,266 /mo (−$15,195/yr)
Monthly rental income
Monthly ownership cost
Coverage
92%
Net /mo
−$1,267
DSCR
1.08
Est. Annual Revenue
$43,079/yr
$283/night · 41% occupancy · $114/bedroom · $0.17/sqft
Net Monthly Cash Flow
−$4,116 /mo (−$49,396/yr)
Monthly STR income
Monthly ownership cost
Coverage
54%
Net /mo
−$4,116
DSCR
0.51
Best Download
2 Gbps
Best Upload
1 Gbps
Fiber Available
Yes
Providers
10
Available Providers
$890,000
+11% vs median
61 days
29
$549,900 – $3,300,000
$4,076
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