515 HERITAGE, Heber City, UT 84032
3BD/—BA Residential in Heber City, UT 84032. 2,780 sqft. Built 2012. Listed at $1,125,000. MLS #2159282.
3BD/—BA Residential in Heber City, UT 84032. 2,780 sqft. Built 2012. Listed at $1,125,000. MLS #2159282.
Watch the sun sink beneath the peaks of Mount Timpanogos from this charming 3-bedroom cottage, conveniently located just five minutes from Deer Valley East Village in the desirable River View community. This residence is centered on alpine scenery, with panoramic mountain views from the great room, kitchen, deck, and primary suite. The main level features a great room with hardwood flooring open to the kitchen, dining area, and deck, along with a primary suite with walk-in closet, an expansive home office, and a lovely powder room. The lower level offers a private retreat with a spacious den opening to a patio surrounded by mature trees, two unique bedrooms, one full bath, and an expansive laundry room previously used as a fourth bedroom. A short, flat driveway leads to a bright two-car garage with additional storage.This home is meticulously maintained with newer HVAC system and hot water heater. Residents of River View appreciate that the HOA maintains landscaping and lawns, plows the roads, and even clears snow from their driveways. The community includes a pool and spa, fitness room, and walking trails. Ideally located just minutes from blue-ribbon fly fishing on the Provo River, world-class skiing at Deer Valley, boating on Jordanelle Reservoir, hiking and biking on Coyote Loop, golf in Midway, and dining and shopping in Midway and Heber.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
2
Subdivision
RIVER VIEW
County
Wasatch
Zoning
Single-Family
Construction
Stone,Other
Lot Size
0.16 sq ft
Above Grade Area
1,390 sq ft
Condition
Blt./Standing
MLS #
2159282
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
2
Subdivision
RIVER VIEW
County
Wasatch
Zoning
Single-Family
Construction
Stone,Other
Lot Size
0.16 sq ft
Above Grade Area
1,390 sq ft
Condition
Blt./Standing
MLS #
2159282
List Price
$1,125,000
HOA Fees
$333 / Monthly
Annual Taxes
$3,228
Home Warranty
No
List Price
$1,125,000
HOA Fees
$333 / Monthly
Annual Taxes
$3,228
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Walk-Out Access
Materials
Stone,Other
Appliances
Ceiling Fan,Dryer,Range Hood,Refrigerator,Washer,Water Softener Owned
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s),Valley
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Walk-Out Access
Materials
Stone,Other
Appliances
Ceiling Fan,Dryer,Range Hood,Refrigerator,Washer,Water Softener Owned
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s),Valley
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Why this is a deal
Classification
Exceptional DealDeal Score
100/100
vs Similar Homes
42% below
vs Market Median
14% below
Area Growth (YoY)
0.3%
Deal Score Breakdown
100/100 · 2 qualifying signals
Priced 42% below the median of similar listings
Priced 14% below the per-subtype city median
0.3% year-over-year ZHVI growth in this area
LT net cashflow -$3,934/mo (-50.8% return on ownership cost) · STR net cashflow -$6,084/mo (-78.5% 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
$4,335/mo
Range: $3,040 – $5,631
Net Monthly Cash Flow
−$3,934 /mo (−$47,211/yr)
Monthly rental income
Monthly ownership cost
Coverage
56%
Net /mo
−$3,934
DSCR
0.68
Est. Annual Revenue
$28,551/yr
$530/night · 27% occupancy · $265/bedroom · $0.23/sqft
Net Monthly Cash Flow
−$6,084 /mo (−$73,008/yr)
Monthly STR income
Monthly ownership cost
Coverage
31%
Net /mo
−$6,084
DSCR
0.29
Best Download
2 Gbps
Best Upload
2 Gbps
Fiber Available
Yes
Providers
8
Available Providers
$843,000
+33% vs median
101 days
412
$14,900 – $31,000,000
$3,228
$333/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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