3377 EL RANCHO, Millcreek, UT 84109
5BD/—BA Residential in Millcreek, UT 84109. 3,275 sqft. Built 1956. Listed at $1,499,000. MLS #2161060.
5BD/—BA Residential in Millcreek, UT 84109. 3,275 sqft. Built 1956. Listed at $1,499,000. MLS #2161060.
Fully remodeled contemporary in Millcreek 15 minutes to downtown Salt Lake City & SLC Airport - Seller is offering a permanent interest rate buydown to 5.5%, subject to buyer qualification with an approved lender. Completely remodeled in 2017, Home features all-new plumbing, new water main, updated electrical, two furnaces, two A/C units, tankless water heater, energy-efficient dual-pane windows throughout. A newer roof completes the mechanical package. Designer bathrooms and a professional-grade kitchen set the tone. Wet bar w/beverage cooler, striking new fireplace. The primary suite offers a true spa-caliber retreat with panoramic views throughout. Outside, over $50K was invested in professionally terraced xeriscape landscaping, with low-maintenance, water-wise grounds. Mount Olympus Cove is one of the most highly sought-after neighborhoods in the Salt Lake Valley, Sweeping Panoramic Views & convenient Trail Access: The neighborhood sits just minutes from major local trailheads, located directly between Parleys Canyon and Millcreek Canyon, pet-friendly hiking, mountain biking, Skiing: World-class resorts in Big Cottonwood Canyon (like Alta, Snowbird, Solitude) and the Park City area are all reachable in under 45 minutes. mountain-sanctuary feel,yet well-connected to major transit corridors. Rare luxury for a mountain-bench neighborhood.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
County
Salt Lake
Zoning
Single-Family
Construction
Brick,Stucco
Lot Size
0.22 sq ft
Above Grade Area
2,224 sq ft
Condition
Blt./Standing
MLS #
2161060
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
County
Salt Lake
Zoning
Single-Family
Construction
Brick,Stucco
Lot Size
0.22 sq ft
Above Grade Area
2,224 sq ft
Condition
Blt./Standing
MLS #
2161060
List Price
$1,499,000
Original Price
$1,599,000
Annual Taxes
$8,356
Home Warranty
No
List Price
$1,499,000
Original Price
$1,599,000
Annual Taxes
$8,356
Home Warranty
No
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Daylight,Entrance,Full
Materials
Brick,Stucco
Laundry
Electric Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Daylight,Entrance,Full
Materials
Brick,Stucco
Laundry
Electric Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Garage Spaces
2
Covered Spaces
2
Total Parking
5
Garage Spaces
2
Covered Spaces
2
Total Parking
5
Why this is a deal
Classification
Standard
Deal Score
60/100
vs Similar Homes
62% above
vs Market Median
41% above
Price Reduced
6.3%
Area Growth (YoY)
-0.3%
Deal Score Breakdown
60/100 · 1 qualifying signal
6% price reduction from original list — seller may be motivated
Priced 62% above the median of similar listings
Priced 41% above the per-subtype city median
-0.3% year-over-year ZHVI growth in this area
LT net cashflow -$4,919/mo (-48.0% return on ownership cost) · STR net cashflow -$6,521/mo (-63.6% 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
$6,059/mo
Range: $4,544 – $7,574
Net Monthly Cash Flow
−$4,919 /mo (−$59,029/yr)
Monthly rental income
Monthly ownership cost
Coverage
59%
Net /mo
−$4,919
DSCR
0.71
Est. Annual Revenue
$63,947/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$6,521 /mo (−$78,254/yr)
Monthly STR income
Monthly ownership cost
Coverage
52%
Net /mo
−$6,521
DSCR
0.49
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
12
Available Providers
$635,000
+136% vs median
45 days
125
$214,000 – $4,695,000
$8,356
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Daryn Edmunds - High Road Properties

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Devin Tanner - Utah Realtor
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