501 OLIVE, Lehi, UT 84043
3BD/—BA Residential in Lehi, UT 84043. 2,362 sqft. Built 2007. Listed at $542,999. MLS #2166905.
3BD/—BA Residential in Lehi, UT 84043. 2,362 sqft. Built 2007. Listed at $542,999. MLS #2166905.
Stunning 3-bedroom, 2.5-bath home with a 2-car garage, oversized kitchen island, modern appliances, and an open-concept layout perfect for entertaining. Spacious bedrooms, upstairs laundry, abundant storage, and a luxurious primary suite. Fully landscaped backyard backs to a large pond with unobstructed mountain views and no rear neighbors-offering privacy, nature, and breathtaking scenery. A rare opportunity to own one of the most desirable lots in the neighborhood! Square footage figures are provided as a courtesy estimate only and were obtained from county records . Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
2
Subdivision
JORDAN WILLOWS
County
Utah
Zoning
Single-Family
Construction
Concrete
Lot Size
0.15 sq ft
Above Grade Area
2,362 sq ft
Condition
Blt./Standing
MLS #
2166905
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
2
Subdivision
JORDAN WILLOWS
County
Utah
Zoning
Single-Family
Construction
Concrete
Lot Size
0.15 sq ft
Above Grade Area
2,362 sq ft
Condition
Blt./Standing
MLS #
2166905
List Price
$542,999
HOA Fees
$50 / Annually
Annual Taxes
$2,306
Home Warranty
No
List Price
$542,999
HOA Fees
$50 / Annually
Annual Taxes
$2,306
Home Warranty
No
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Laminate,Tile
Basement
None
Materials
Concrete
Appliances
Ceiling Fan,Range Hood,Water Softener Owned
Laundry
Gas Dryer Hookup
Water Source
Culinary,Irrigation
Sewer
Sewer: Connected,Sewer: Public
View
Lake
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Laminate,Tile
Basement
None
Materials
Concrete
Appliances
Ceiling Fan,Range Hood,Water Softener Owned
Laundry
Gas Dryer Hookup
Water Source
Culinary,Irrigation
Sewer
Sewer: Connected,Sewer: Public
View
Lake
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
80/100
vs Similar Homes
15% below
vs Market Median
0% below
Area Growth (YoY)
5.1%
Deal Score Breakdown
80/100 · 2 qualifying signals
Priced 15% below the median of similar listings
5.1% year-over-year ZHVI growth in this area
Priced 0% below the per-subtype city median
LT net cashflow -$1,861/mo (-50.8% return on ownership cost) · STR net cashflow -$1,321/mo (-36.1% 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
$2,048/mo
Range: $872 – $3,225
Net Monthly Cash Flow
−$1,861 /mo (−$22,334/yr)
Monthly rental income
Monthly ownership cost
Coverage
56%
Net /mo
−$1,861
DSCR
0.66
Est. Annual Revenue
$40,150/yr
$358/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$1,321 /mo (−$15,856/yr)
Monthly STR income
Monthly ownership cost
Coverage
91%
Net /mo
−$1,321
DSCR
0.85
$575,900
-6% vs median
54 days
359
$307,900 – $3,950,000
$2,306
$50/annually
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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