1581 OLD LAKE, Fruit Heights, UT 84037
5BD/—BA Residential in Fruit Heights, UT 84037. 4,458 sqft. Built 1994. Listed at $1,075,000. MLS #2161315.
5BD/—BA Residential in Fruit Heights, UT 84037. 4,458 sqft. Built 1994. Listed at $1,075,000. MLS #2161315.
This meticulously maintained custom rambler in highly sought-after Fruit Heights sits on a spacious third-acre lot just blocks from the Wasatch Mountain foothills and offers true single-level living with an open-concept layout, soaring 22-foot vaulted ceilings, a spacious kitchen with marble countertops and knotty alder cabinetry, formal dining, and a bright daylight basement with walkout access to a covered patio and hot tub. Very well cared for by longtime empty-nester owners, the home features major updates including a 30-year composite roof (2019), 19 solar panels with new battery backup (2025) that makes home 95%+ off-grid (avg power bill $15), two furnaces - each level separately programmable (2022), water heater (2019), and newer appliances. Remodeled bathrooms include a jetted tub in the primary suite, while newer laminate flooring, custom molding, ceiling fans, central vacuum, and a large laundry/fruit room add comfort and functionality throughout. Two natural stone gas fireplaces complement the beautiful Farmington stone exterior. Additional features include a large covered front porch, covered deck, RV parking, WiFi-enabled ADP security system with cameras, motion detectors, and smart thermostat controls. Beautifully sculpted landscaping, private fully fenced backyard, and secondary irrigation water. Appliances negotiable. This exceptional home offers rare quality, efficiency, and comfort in one of Davis County's premier communities.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
MOUNTAIN RIDGE ESTATES
County
Davis
Zoning
Single-Family
Construction
Asphalt,Stone,Stucco
Lot Size
0.31 sq ft
Above Grade Area
2,175 sq ft
Condition
Blt./Standing
MLS #
2161315
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
MOUNTAIN RIDGE ESTATES
County
Davis
Zoning
Single-Family
Construction
Asphalt,Stone,Stucco
Lot Size
0.31 sq ft
Above Grade Area
2,175 sq ft
Condition
Blt./Standing
MLS #
2161315
List Price
$1,075,000
Original Price
$1,095,000
Annual Taxes
$3,433
Home Warranty
Yes
List Price
$1,075,000
Original Price
$1,095,000
Annual Taxes
$3,433
Home Warranty
Yes
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Daylight,Entrance,Full,Walk-Out Access
Materials
Asphalt,Stone,Stucco
Appliances
Ceiling Fan,Microwave,Range Hood,Water Softener Owned
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Covered,Porch: Open
Water Source
Culinary,Secondary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Daylight,Entrance,Full,Walk-Out Access
Materials
Asphalt,Stone,Stucco
Appliances
Ceiling Fan,Microwave,Range Hood,Water Softener Owned
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Covered,Porch: Open
Water Source
Culinary,Secondary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Garage Spaces
3
Covered Spaces
3
Total Parking
9
Garage Spaces
3
Covered Spaces
3
Total Parking
9
Why this is a deal
Classification
Standard
Deal Score
70/100
vs Similar Homes
24% above
vs Market Median
24% above
Price Reduced
1.8%
Area Growth (YoY)
6.9%
Deal Score Breakdown
70/100 · 1 qualifying signal
6.9% year-over-year ZHVI growth in this area
2% price reduction from original list — seller may be motivated
LT net cashflow -$887/mo (-12.4% return on ownership cost) · STR net cashflow -$3,838/mo (-53.6% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 24% above the median of similar listings
Priced 24% above the per-subtype city median
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
$7,136/mo
Range: $4,093 – $10,178
Net Monthly Cash Flow
−$887 /mo (−$10,638/yr)
Monthly rental income
Monthly ownership cost
Coverage
100%
Net /mo
−$887
DSCR
1.15
Est. Annual Revenue
$57,068/yr
$358/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$3,837 /mo (−$46,042/yr)
Monthly STR income
Monthly ownership cost
Coverage
66%
Net /mo
−$3,838
DSCR
0.61
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
10
Available Providers
$710,000
+51% vs median
38 days
19
$564,900 – $2,350,000
$3,433
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