3853 GRANITE LOFTS, Millcreek, UT 84107
2BD/—BA Residential in Millcreek, UT 84107. 1,762 sqft. Built 2020. Listed at $500,000. MLS #2151664.
2BD/—BA Residential in Millcreek, UT 84107. 1,762 sqft. Built 2020. Listed at $500,000. MLS #2151664.
Experience elevated living in this open-concept Millcreek townhome with soaring ceilings throughout, including 1114 ft vaulted ceilings in both bedroom suites. The thoughtfully designed three-level floor plan offers two spacious primary suites with walk-in closets, plus a dedicated office-ideal for today's flexible lifestyle. Enjoy the convenience of an attached two-car garage and unwind on the private balcony with stunning views of Mt. Olympus. Perfectly located just 15 minutes from downtown Salt Lake City and approximately 38 minutes from seven world-class ski resorts, this home offers the best of both urban access and outdoor recreation. Situated in a highly desirable Millcreek neighborhood, you're close to shopping, dining, schools, and major medical centers including St. Mark's and IHC. A rare opportunity to own a well-designed home in an unbeatable location. Short term and long term rental allowed! No cap!
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-mid
Stories
3
Subdivision
GRANITE
County
Salt Lake
Zoning
Multi-Family
Construction
Clapboard/Masonite,Stucco,Metal Siding
Lot Size
0.03 sq ft
Above Grade Area
1,762 sq ft
Condition
Blt./Standing
MLS #
2151664
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-mid
Stories
3
Subdivision
GRANITE
County
Salt Lake
Zoning
Multi-Family
Construction
Clapboard/Masonite,Stucco,Metal Siding
Lot Size
0.03 sq ft
Above Grade Area
1,762 sq ft
Condition
Blt./Standing
MLS #
2151664
List Price
$500,000
HOA Fees
$280 / Monthly
Annual Taxes
$3,466
Home Warranty
Yes
List Price
$500,000
HOA Fees
$280 / Monthly
Annual Taxes
$3,466
Home Warranty
Yes
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt,Metal
Flooring
Carpet,Vinyl
Basement
None
Materials
Clapboard/Masonite,Stucco,Metal Siding
Appliances
Ceiling Fan,Portable Dishwasher,Dryer,Microwave,Refrigerator,Washer
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt,Metal
Flooring
Carpet,Vinyl
Basement
None
Materials
Clapboard/Masonite,Stucco,Metal Siding
Appliances
Ceiling Fan,Portable Dishwasher,Dryer,Microwave,Refrigerator,Washer
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Classification
Standard
Deal Score
50/100
vs Similar Homes
3% below
vs Market Median
3% below
Area Growth (YoY)
2.0%
Deal Score Breakdown
50/100
Priced 3% below the median of similar listings
Priced 3% below the per-subtype city median
2.0% year-over-year ZHVI growth in this area
LT net cashflow -$701/mo (-18.8% return on ownership cost) · STR net cashflow -$1,902/mo (-51.0% 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.
Monthly Rent
$3,439/mo
Range: $2,817 – $4,060
Net Monthly Cash Flow
−$701 /mo (−$8,413/yr)
Monthly rental income
Monthly ownership cost
Coverage
92%
Net /mo
−$701
DSCR
1.21
Est. Annual Revenue
$31,295/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$1,901 /mo (−$22,814/yr)
Monthly STR income
Monthly ownership cost
Coverage
70%
Net /mo
−$1,902
DSCR
0.73
Elementary
James E. MossMiddle School
Granite ParkHigh School
CottonwoodSchool District
Granite
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
15
Available Providers
$632,700
-21% vs median
52 days
105
$230,000 – $5,295,000
$3,466
$280/monthly
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Daryn Edmunds - High Road Properties

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Devin Tanner - Utah Realtor
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