2828 CHESTNUT, Lehi, UT 84048
5BD/—BA Residential in Lehi, UT 84048. 3,679 sqft. Built 2007. Listed at $564,985. MLS #2162649.
5BD/—BA Residential in Lehi, UT 84048. 3,679 sqft. Built 2007. Listed at $564,985. MLS #2162649.
Rare rent-ready single-family home with townhome convenience! A rare find in Traverse Mountain, this 5-bed, 2.5-bath single-family home with a 2-car garage is rental-eligible, defying the community's strict rental restrictions. It is approved for stable long-term portfolio growth with a formal lease (per HOA rules, no short-term rentals or Airbnbs are permitted). This property perfectly delivers the best of both worlds: the grand scale and privacy of a detached home, with the effortless lifestyle of a townhome. The HOA maintains the front yard, while the private backyard is beautifully zero-scaped with a patio deck-no lawnmower required! Inside features 2,494 finished sq. ft., dramatic 10-ft ceilings, a 2-story grand entrance, and a chef's kitchen with granite counters and a gas stove. Massive equity and potential awaits in the 1,200 sq. ft. unfinished basement, which is already plumbed for a bath. Premium refrigerator, washer, and dryer are all included! Enjoy world-class TMMA resort amenities including a pool, gym, and pickleball courts, all just 5 minutes from I-15. Open house this Saturday-come see it before it is gone!
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
WINTER HAVEN PHASE 2
County
Utah
Construction
Stone,Stucco
Lot Size
0.09 sq ft
Above Grade Area
2,479 sq ft
Condition
Blt./Standing
MLS #
2162649
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
WINTER HAVEN PHASE 2
County
Utah
Construction
Stone,Stucco
Lot Size
0.09 sq ft
Above Grade Area
2,479 sq ft
Condition
Blt./Standing
MLS #
2162649
List Price
$564,985
Original Price
$584,985
HOA Fees
$154 / Monthly
Annual Taxes
$2,583
Home Warranty
No
List Price
$564,985
Original Price
$584,985
HOA Fees
$154 / Monthly
Annual Taxes
$2,583
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Full
Materials
Stone,Stucco
Appliances
Ceiling Fan,Dryer,Microwave,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Patio & Porch
Porch: Open,Patio: Open
Water Source
Culinary,Irrigation
Sewer
Sewer: Connected,Sewer: Public
View
Valley
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Full
Materials
Stone,Stucco
Appliances
Ceiling Fan,Dryer,Microwave,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Patio & Porch
Porch: Open,Patio: Open
Water Source
Culinary,Irrigation
Sewer
Sewer: Connected,Sewer: Public
View
Valley
Garage Spaces
2
Covered Spaces
2
Total Parking
6
Garage Spaces
2
Covered Spaces
2
Total Parking
6
Why this is a deal
Classification
Exceptional DealDeal Score
95/100
vs Similar Homes
17% below
vs Market Median
13% below
Price Reduced
3.4%
Area Growth (YoY)
6.2%
Deal Score Breakdown
95/100 · 3 qualifying signals
Priced 17% below the median of similar listings
Priced 13% below the per-subtype city median
6.2% year-over-year ZHVI growth in this area
3% price reduction from original list — seller may be motivated
LT net cashflow -$1,127/mo (-28.3% return on ownership cost) · STR net cashflow -$228/mo (-5.7% 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
$3,238/mo
Range: $2,943 – $3,532
Net Monthly Cash Flow
−$1,127 /mo (−$13,530/yr)
Monthly rental income
Monthly ownership cost
Coverage
81%
Net /mo
−$1,127
DSCR
1.00
Est. Annual Revenue
$64,254/yr
$358/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$228 /mo (−$2,736/yr)
Monthly STR income
Monthly ownership cost
Coverage
135%
Net /mo
−$228
DSCR
1.31
Elementary
Traverse MountainMiddle School
Viewpoint Middle SchoolHigh School
SkyridgeSchool District
Alpine
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
10
Available Providers
$575,900
-2% vs median
54 days
359
$307,900 – $3,950,000
$2,583
$154/monthly
Low Crime
5.3
per 1,000
11.5
per 1,000
4.5
per 1,000
21.2
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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