321 LOOKOUT RIDGE, Grantsville, UT 84029
6BD/—BA Residential in Grantsville, UT 84029. 3,406 sqft. Built 2019. Listed at $699,000. MLS #2161279.
6BD/—BA Residential in Grantsville, UT 84029. 3,406 sqft. Built 2019. Listed at $699,000. MLS #2161279.
For those drawn to the idea of quieter streets, larger lots, and a home that feels established from day one, this Grantsville rambler offers a lifestyle that's becoming increasingly difficult to find near the Salt Lake Valley. Set on a fully fenced half-acre lot with mature landscaping, producing fruit trees, paved RV parking, irrigation water share, and no HOA, the property blends comfort, functionality, flexibility, and character with plenty of room to grow. Inside, soaring vaulted ceilings in the entryway make an immediate impression, welcoming you into light-filled living spaces with warm LVP flooring, a wood beam accent, and an open-concept layout designed for everyday living and gathering alike. The kitchen serves as the heart of the home with granite countertops, an oversized island, floating shelves, and a reclaimed wood pantry door, while shiplap accents, wood paneling, custom tilework, and shutters add warmth and personality throughout. Designed for easy main-level living, the home features a private primary suite filled with natural light, main-level laundry, and six spacious bedrooms with three bathrooms total, offering flexibility for guests, hobbies, work-from-home needs, or simply room to grow. The finished basement expands the living space with a projector and screen for the perfect home theater setup, a dry bar area, and a large storage room. Outside, the fully landscaped yard, mature trees, pergola, gas firepit, and established outdoor spaces create a move-in ready experience where the work has already been done and the home can be enjoyed from day one. A French door creates an effortless connection from the main living space to the backyard, while the irrigation water share adds practicality and long-term value for maintaining the lush landscaping with ease. If you find yourself craving a little more breathing room without giving up convenience, this home offers the balance of peaceful small-town living with an easy commute back to the Salt Lake Valley, all within a property that feels established, inviting, and ready to enjoy from the moment you arrive.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
LOOKOUT RIDGE SUBDIVISION
County
Tooele
Zoning
Single-Family
Construction
Clapboard/Masonite,Stucco
Lot Size
0.5 sq ft
Above Grade Area
1,683 sq ft
Condition
Blt./Standing
MLS #
2161279
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
LOOKOUT RIDGE SUBDIVISION
County
Tooele
Zoning
Single-Family
Construction
Clapboard/Masonite,Stucco
Lot Size
0.5 sq ft
Above Grade Area
1,683 sq ft
Condition
Blt./Standing
MLS #
2161279
List Price
$699,000
Annual Taxes
$3,992
Home Warranty
No
List Price
$699,000
Annual Taxes
$3,992
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Full
Materials
Clapboard/Masonite,Stucco
Appliances
Dryer,Refrigerator,Washer
Patio & Porch
Covered
Water Source
Culinary,Irrigation,Shares
Sewer
Sewer: Connected
View
Mountain(s)
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Full
Materials
Clapboard/Masonite,Stucco
Appliances
Dryer,Refrigerator,Washer
Patio & Porch
Covered
Water Source
Culinary,Irrigation,Shares
Sewer
Sewer: Connected
View
Mountain(s)
Garage Spaces
3
Covered Spaces
3
Total Parking
3
Garage Spaces
3
Covered Spaces
3
Total Parking
3
Why this is a deal
Classification
Standard
Deal Score
70/100
vs Similar Homes
10% above
vs Market Median
15% above
Area Growth (YoY)
7.7%
Deal Score Breakdown
70/100 · 1 qualifying signal
7.7% year-over-year ZHVI growth in this area
LT net cashflow -$148/mo (-3.1% return on ownership cost) · STR net cashflow -$3,031/mo (-63.1% 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 15% 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
$5,294/mo
Range: $2,647 – $7,941
Net Monthly Cash Flow
−$148 /mo (−$1,771/yr)
Monthly rental income
Monthly ownership cost
Coverage
110%
Net /mo
−$148
DSCR
1.32
Est. Annual Revenue
$30,446/yr
$163/night · 53% occupancy · $58/bedroom · $0.07/sqft
Net Monthly Cash Flow
−$3,031 /mo (−$36,377/yr)
Monthly STR income
Monthly ownership cost
Coverage
53%
Net /mo
−$3,031
DSCR
0.50
School District
Tooele
$599,000
+17% vs median
98 days
113
$359,000 – $2,495,000
$3,992
High Crime
15.5
per 1,000
18.8
per 1,000
19.7
per 1,000
54.0
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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