986 OLD FARM, Heber City, UT 84032
5BD/—BA Residential in Heber City, UT 84032. 2,844 sqft. Built 2022. Listed at $799,000. MLS #2145370.
5BD/—BA Residential in Heber City, UT 84032. 2,844 sqft. Built 2022. Listed at $799,000. MLS #2145370.
Beautiful Heber Valley home with mountain views, modern finishes, flexible living space, and a prime location near Park City, Deer Valley, Jordanelle Reservoir, and future 2034 Olympic venues. Located in the desirable Cottages at Old Farm community, this 2023-built Parleys floor plan offers 2,845 sq ft with 3 finished bedrooms, 3 bathrooms, and 2 partially finished basement bedrooms, creating potential for up to 5 bedrooms. The main level features a bright great room, quartz countertops, kitchen island with breakfast bar, stainless steel gas appliances, laminate hardwood flooring, gas fireplace, 2-tone paint, brushed nickel hardware, walk-in closets, and an open, functional layout. The daylight basement is approximately 80% complete and includes a large entertainment space, bathroom, finished bedroom, partially finished bedrooms, and office/flex space. The fenced backyard offers outdoor living potential with a BBQ area ready for your finishing touches. Enjoy a neighborhood park directly across the street with a sand volleyball court, maintained by the HOA for approx. $50/month. Additional highlights include a 2-car garage, energy-efficient construction, refrigerator negotiable, and the option to purchase the home furnished. Nearby amenities include Old Mill Elementary approx. 1.2 miles away, Heber Valley Main Street approx. 2.5 miles away, Heber Valley Hospital approx. 3.5 miles away, Wasatch County Library approx. 2.7 miles away, Wasatch County Events Complex approx. 4.5 miles away, Jordanelle Reservoir approx. 9 miles away, Soldier Hollow Nordic Center approx. 10 miles away, Deer Valley East Village approx. 13 miles away, Park City approx. 18 miles away, and Sundance Mountain Resort approx. 21 miles away. Preferred lender incentive available for qualified buyers. Options may include zero buyer closing costs, below-market interest rate, permanent 30-year fixed-rate buydown, or 1-0 buydown program. Buyer is advised to verify all information, square footage, bedroom count, basement completion, HOA fees, furnishings, lender incentives, school boundaries, and distance to amenities.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
COTTAGES AT OLD FARM
County
Wasatch
Zoning
Single-Family
Construction
Asphalt,Composition,Cement Siding
Lot Size
0.14 sq ft
Above Grade Area
1,422 sq ft
Condition
Blt./Standing
MLS #
2145370
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
COTTAGES AT OLD FARM
County
Wasatch
Zoning
Single-Family
Construction
Asphalt,Composition,Cement Siding
Lot Size
0.14 sq ft
Above Grade Area
1,422 sq ft
Condition
Blt./Standing
MLS #
2145370
List Price
$799,000
Original Price
$815,000
HOA Fees
$50 / Monthly
Annual Taxes
$2,500
Home Warranty
No
List Price
$799,000
Original Price
$815,000
HOA Fees
$50 / Monthly
Annual Taxes
$2,500
Home Warranty
No
Heating
Gas: Central,Hot Water
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Laminate
Basement
Daylight,Full
Materials
Asphalt,Composition,Cement Siding
Appliances
Dryer,Microwave,Washer
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary,Irrigation,Secondary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Gas: Central,Hot Water
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Laminate
Basement
Daylight,Full
Materials
Asphalt,Composition,Cement Siding
Appliances
Dryer,Microwave,Washer
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary,Irrigation,Secondary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Garage Spaces
2
Covered Spaces
2
Total Parking
5
Garage Spaces
2
Covered Spaces
2
Total Parking
5
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
95/100
vs Similar Homes
22% below
vs Market Median
1% below
Price Reduced
2.0%
Area Growth (YoY)
2.5%
Deal Score Breakdown
95/100 · 1 qualifying signal
Priced 22% below the median of similar listings
Priced 1% below the per-subtype city median
2% price reduction from original list — seller may be motivated
2.5% year-over-year ZHVI growth in this area
LT net cashflow -$1,142/mo (-21.3% return on ownership cost) · STR net cashflow -$3,709/mo (-69.0% 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
$4,808/mo
Range: $3,532 – $6,084
Net Monthly Cash Flow
−$1,141 /mo (−$13,695/yr)
Monthly rental income
Monthly ownership cost
Coverage
90%
Net /mo
−$1,142
DSCR
1.04
Est. Annual Revenue
$28,517/yr
$249/night · 48% occupancy · $83/bedroom · $0.12/sqft
Net Monthly Cash Flow
−$3,710 /mo (−$44,518/yr)
Monthly STR income
Monthly ownership cost
Coverage
44%
Net /mo
−$3,709
DSCR
0.41
School District
Wasatch
Best Download
2 Gbps
Best Upload
2 Gbps
Fiber Available
Yes
Providers
9
Available Providers
$845,000
-5% vs median
108 days
395
$14,900 – $24,000,000
$2,500
$50/monthly
Moderate
7.8
per 1,000
22.4
per 1,000
14.8
per 1,000
45.0
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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