948 GRAPE IVY, Millcreek, UT 84106
4BD/—BA Residential in Millcreek, UT 84106. 1,822 sqft. Built 2026. Listed at $565,000. MLS #2151011.
4BD/—BA Residential in Millcreek, UT 84106. 1,822 sqft. Built 2026. Listed at $565,000. MLS #2151011.
Estimated completion end of June - Welcome to theIVY by Cole West, a thoughtfully designed new construction townhome community in the heart of Millcreek. These modern homes offer a true move-in ready experience with custom-curated designer finishes, including quartz countertops, tile backsplash, stainless steel appliances, and roller window treatments, all included. Open-concept floorplans allow for tons of natural light, and attached garages create a seamless blend of style, function, and low-maintenance living. Experience the ideal lock-and-leave lifestyle just minutes from Millcreek Commons, with easy access to scenic trails, Millcreek Canyon, and Big Cottonwood Canyon for year-round outdoor recreation. Conveniently located near Sugar House and Holladay with incredible Freeway access, theIVY offers the perfect balance of urban convenience and mountain lifestyle living. Unmatched location, and effortless convenience, welcome home to theIVY. Schedule your private tour and ask about our lender incentives.
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-mid
Stories
3
Subdivision
THE IVY
County
Salt Lake
Construction
Brick,Stucco,Cement Siding
Lot Size
0.28 sq ft
Above Grade Area
1,822 sq ft
MLS #
2151011
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-mid
Stories
3
Subdivision
THE IVY
County
Salt Lake
Construction
Brick,Stucco,Cement Siding
Lot Size
0.28 sq ft
Above Grade Area
1,822 sq ft
MLS #
2151011
List Price
$565,000
HOA Fees
$205 / Monthly
Annual Taxes
$4,988
Home Warranty
Yes
List Price
$565,000
HOA Fees
$205 / Monthly
Annual Taxes
$4,988
Home Warranty
Yes
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet
Basement
Slab
Materials
Brick,Stucco,Cement Siding
Appliances
Dryer,Microwave,Range Hood,Refrigerator,Washer
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet
Basement
Slab
Materials
Brick,Stucco,Cement Siding
Appliances
Dryer,Microwave,Range Hood,Refrigerator,Washer
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Classification
Standard
Deal Score
30/100
vs Similar Homes
12% above
vs Market Median
1% above
Area Growth (YoY)
2.0%
Deal Score Breakdown
30/100
LT net cashflow -$365/mo (-8.7% return on ownership cost) · STR net cashflow -$1,732/mo (-41.3% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 1% above the per-subtype city median
2.0% year-over-year ZHVI growth in this area
Priced 12% above the median of similar listings
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
$4,346/mo
Range: $3,560 – $5,132
Net Monthly Cash Flow
−$365 /mo (−$4,386/yr)
Monthly rental income
Monthly ownership cost
Coverage
104%
Net /mo
−$365
DSCR
1.36
Est. Annual Revenue
$42,132/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$1,731 /mo (−$20,778/yr)
Monthly STR income
Monthly ownership cost
Coverage
84%
Net /mo
−$1,732
DSCR
0.87
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$632,700
-11% vs median
52 days
105
$230,000 – $5,295,000
$4,988
$205/monthly
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Daryn Edmunds - High Road Properties

Salt Lake City Real Estate Broker Focused on Pricing, Positioning, and Results

Devin Tanner - Utah Realtor
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