3340 TERRACE VIEW, Millcreek, UT 84109
4BD/—BA Residential in Millcreek, UT 84109. 3,002 sqft. Built 1957. Listed at $1,234,900. MLS #2167460.
4BD/—BA Residential in Millcreek, UT 84109. 3,002 sqft. Built 1957. Listed at $1,234,900. MLS #2167460.
* Showings may begin Monday, June 29* Nestled in the highly sought-after Canyon Rim neighborhood, this fully renovated 4 bedroom, 3.5 bathroom home offers over 3,000 square feet of thoughtfully designed living space with exceptional flexibility and income potential. The main level features an inviting open-concept layout centered around a stunning waterfall island kitchen complete with a gas cooktop, smart appliances, designer lighting, and premium finishes throughout. A formal dining room showcases custom accent woodwork, while the cozy family room is anchored by a beautiful fireplace, creating the perfect space for both everyday living and entertaining. The spacious primary suite serves as a private retreat, featuring a luxurious spa-inspired wet room with a freestanding soaking tub, rainfall shower system, custom tile work, and a large walk-in closet with laundry hookups for added convenience. A standout feature of this property is the fully updated basement ADU with a separate entrance. Complete with two bedrooms, a full kitchen, its own laundry, and private living space, it offers excellent flexibility for multigenerational living, guests, or rental income. Previous owners successfully utilized the property as a dual-rental setup, creating a unique opportunity for owner-occupants and investors alike. Step outside to enjoy the expansive covered back porch overlooking a private backyard with mature landscaping, perfect for outdoor dining, entertaining, or simply relaxing in your own peaceful retreat. Located minutes from downtown Salt Lake City, the University of Utah, world-class recreation, and some of the area's most desirable amenities, this Canyon Rim gem combines luxury finishes, modern functionality, and exceptional versatility in one remarkable home. 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
Rambler/Ranch
Stories
2
Subdivision
VIEW HEIGHTS
County
Salt Lake
Zoning
Single-Family
Construction
Brick
Lot Size
0.22 sq ft
Above Grade Area
1,501 sq ft
Condition
Blt./Standing
MLS #
2167460
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
VIEW HEIGHTS
County
Salt Lake
Zoning
Single-Family
Construction
Brick
Lot Size
0.22 sq ft
Above Grade Area
1,501 sq ft
Condition
Blt./Standing
MLS #
2167460
List Price
$1,234,900
Annual Taxes
$5,063
Home Warranty
No
List Price
$1,234,900
Annual Taxes
$5,063
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Entrance,Full
Materials
Brick
Appliances
Ceiling Fan,Microwave,Range Hood,Refrigerator
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Entrance,Full
Materials
Brick
Appliances
Ceiling Fan,Microwave,Range Hood,Refrigerator
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Garage Spaces
2
Covered Spaces
3
Total Parking
8
Garage Spaces
2
Covered Spaces
3
Total Parking
8
Classification
Standard
Deal Score
10/100
vs Similar Homes
35% above
vs Market Median
27% above
Area Growth (YoY)
-0.3%
Deal Score Breakdown
10/100
Priced 35% above the median of similar listings
Priced 27% above the per-subtype city median
-0.3% year-over-year ZHVI growth in this area
LT net cashflow -$2,969/mo (-35.9% return on ownership cost) · STR net cashflow -$5,029/mo (-60.8% 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
$6,021/mo
Range: $4,316 – $7,727
Net Monthly Cash Flow
−$2,969 /mo (−$35,632/yr)
Monthly rental income
Monthly ownership cost
Coverage
73%
Net /mo
−$2,969
DSCR
0.85
Est. Annual Revenue
$55,511/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$5,029 /mo (−$60,353/yr)
Monthly STR income
Monthly ownership cost
Coverage
56%
Net /mo
−$5,029
DSCR
0.52
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
12
Available Providers
$650,000
+90% vs median
38 days
118
$214,000 – $4,495,000
$5,063
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