3655 OAKRIM, Millcreek, UT 84109
4BD/—BA Residential in Millcreek, UT 84109. 2,872 sqft. Built 1977. Listed at $860,000. MLS #2145429.
4BD/—BA Residential in Millcreek, UT 84109. 2,872 sqft. Built 1977. Listed at $860,000. MLS #2145429.
Where Nature Meets Urban Elegance: Your Olympus Cove Oasis in Cove Point. Discover the Lifestyle You've Been Dreaming of. Nestled right against the highly coveted Olympus Cove community, in Cove Point this stunning, open-concept rambler offers the ultimate blend of serene natural beauty and vibrant urban convenience. It's not just a place to live-it's a sanctuary designed for modern life. Why You'll Love This Home: Sun-Drenched Open-Concept Living: The spacious floor plan seamlessly connects your living spaces, bathed in an abundance of radiant natural light. Whether you're hosting an elegant dinner party or enjoying a quiet family movie night, this layout effortlessly adapts to your lifestyle. Double the Comfort: Indulge in the luxury of two distinct living areas, offering ultimate versatility for a dedicated home office, a recreation room, or a private media den. Cozy Ambience: Two beautifully appointed fireplaces serve as the perfect focal points, ready to create a warm, inviting atmosphere on crisp evenings. Your Private Backyard Oasis: Step outside into a fully fenced backyard retreat. It's a blank canvas for summer barbecues, vibrant gardening, or simply unwinding in your own peaceful slice of the outdoors. Premium Upgrades & Low-Maintenance Peace of Mind: Turn-Key Reliability: A new roof (2021) and updated siding, soffits, and fascia offer pristine curb appeal and years of worry-free living. Bring the Outdoors In: A brand-new, extra-large sliding glass door (2023) frames your outdoor views and floods the main living space with light. EV & Workshop Ready: The garage comes equipped with 220V/250V 20-Amp outlets, perfect for rapid electric vehicle charging or heavy-duty power tools. Winter Made Easy: Benefit from a South-facing driveway and front entrance, letting the sun do the heavy lifting for snow removal. Exclusive Buyer Incentive: To make this dream home even sweeter, the seller is offering a fantastic financing perk. If you choose the seller's preferred lender, you will receive 1% of the mortgage amount in lender credits applied directly toward your closing costs via the GHL SL3 Affinity Product! Don't just look for a house - claim a lifestyle. *The buyer is advised to obtain an independent measurement. If the square footage or acreage of the property or improvements is of material concern to the buyer, the buyer is responsible for verifying the square footage/acreage measurements and improvements to the buyer's satisfaction.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
COVE POINT P
County
Salt Lake
Zoning
Single-Family
Construction
Brick,Cement Siding
Lot Size
0.06 sq ft
Above Grade Area
1,436 sq ft
Condition
Blt./Standing
MLS #
2145429
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
COVE POINT P
County
Salt Lake
Zoning
Single-Family
Construction
Brick,Cement Siding
Lot Size
0.06 sq ft
Above Grade Area
1,436 sq ft
Condition
Blt./Standing
MLS #
2145429
List Price
$860,000
Original Price
$900,000
HOA Fees
$500 / Monthly
Annual Taxes
$5,245
Home Warranty
No
List Price
$860,000
Original Price
$900,000
HOA Fees
$500 / Monthly
Annual Taxes
$5,245
Home Warranty
No
Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Full
Materials
Brick,Cement Siding
Appliances
Dryer,Microwave,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Full
Materials
Brick,Cement Siding
Appliances
Dryer,Microwave,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
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
97/100
vs Similar Homes
17% below
vs Market Median
23% below
Price Reduced
4.4%
Area Growth (YoY)
0.8%
Deal Score Breakdown
97/100 · 2 qualifying signals
Priced 23% below the per-subtype city median
Priced 17% below the median of similar listings
4% price reduction from original list — seller may be motivated
LT net cashflow -$1,510/mo (-23.6% return on ownership cost) · STR net cashflow -$3,247/mo (-50.7% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
0.8% year-over-year ZHVI growth in this area
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
$5,558/mo
Range: $3,240 – $7,877
Net Monthly Cash Flow
−$1,510 /mo (−$18,117/yr)
Monthly rental income
Monthly ownership cost
Coverage
87%
Net /mo
−$1,510
DSCR
1.13
Est. Annual Revenue
$54,056/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$3,247 /mo (−$38,965/yr)
Monthly STR income
Monthly ownership cost
Coverage
70%
Net /mo
−$3,247
DSCR
0.73
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
12
Available Providers
$650,000
+32% vs median
39 days
119
$214,000 – $4,495,000
$5,245
$500/monthly
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