276 500, Heber City, UT 84032
3BD/—BA Residential in Heber City, UT 84032. 1,792 sqft. Built 1950. Listed at $575,000. MLS #2156218.
3BD/—BA Residential in Heber City, UT 84032. 1,792 sqft. Built 1950. Listed at $575,000. MLS #2156218.
Thoughtfully improved, the home features a newly completed laundry room, and an updated bathroom, creating a fresh, move-in-ready feel. The primary suite is privately situated on its own level, offering a true retreat experience. Within the suite, an additional flexible living space provides endless possibilities-ideal for a nursery, private office, cozy den, or playroom. One of the most compelling highlights of this property is its nightly rental eligibility-a significant advantage in today's market, as nearby townhome communities in Heber City are no longer permitted to offer short-term rentals. This creates a rare and valuable income-producing opportunity. Set on a quiet street and zoned for highly regarded schools including Old Mill Elementary, Rocky Mountain Middle School, and Wasatch High School, the location offers both peace of mind and long-term desirability. Old Mill Elementary further distinguishes the area as the only Wasatch Back elementary school ranked in Utah's top 10. Blending updated comfort, versatile living spaces, and exceptional investment potential, this property stands out as a unique offering in today's market.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
County
Wasatch
Zoning
Single-Family
Construction
Asphalt
Lot Size
0.14 sq ft
Above Grade Area
1,792 sq ft
Condition
Blt./Standing
MLS #
2156218
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
County
Wasatch
Zoning
Single-Family
Construction
Asphalt
Lot Size
0.14 sq ft
Above Grade Area
1,792 sq ft
Condition
Blt./Standing
MLS #
2156218
List Price
$575,000
Annual Taxes
$2,301
Home Warranty
No
List Price
$575,000
Annual Taxes
$2,301
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
None
Materials
Asphalt
Appliances
Portable Dishwasher,Microwave,Refrigerator
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
None
Materials
Asphalt
Appliances
Portable Dishwasher,Microwave,Refrigerator
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Garage Spaces
1
Covered Spaces
1
Total Parking
1
Garage Spaces
1
Covered Spaces
1
Total Parking
1
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
95/100
vs Similar Homes
25% below
vs Market Median
15% above
Area Growth (YoY)
1.1%
Deal Score Breakdown
95/100 · 1 qualifying signal
Priced 25% below the median of similar listings
1.1% year-over-year ZHVI growth in this area
Priced 15% above the per-subtype city median
LT net cashflow -$1,332/mo (-34.8% return on ownership cost) · STR net cashflow -$2,661/mo (-69.6% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
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
$2,831/mo
Range: $1,876 – $3,787
Net Monthly Cash Flow
−$1,333 /mo (−$15,993/yr)
Monthly rental income
Monthly ownership cost
Coverage
74%
Net /mo
−$1,332
DSCR
0.87
Est. Annual Revenue
$19,934/yr
$223/night · 43% occupancy · $69/bedroom · $0.14/sqft
Net Monthly Cash Flow
−$2,661 /mo (−$31,927/yr)
Monthly STR income
Monthly ownership cost
Coverage
43%
Net /mo
−$2,661
DSCR
0.41
School District
Wasatch
Best Download
2 Gbps
Best Upload
2 Gbps
Fiber Available
Yes
Providers
12
Available Providers
$850,000
-32% vs median
117 days
366
$14,900 – $25,000,000
$2,301
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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Devin Tanner - Utah Realtor
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