1378 PARK, Park City, UT 84098
3BD/—BA Residential in Park City, UT 84098. 1,400 sqft. Built 1981. Listed at $1,300,000. MLS #2157256.
3BD/—BA Residential in Park City, UT 84098. 1,400 sqft. Built 1981. Listed at $1,300,000. MLS #2157256.
Two adjoining Park Place units are available creating the potential for a five-bedroom condo or rental property in the heart of Old Town (Unit 3 MLS # 12601801). Park Place unit #4 is a spacious 3-bedroom townhome at an incredible location in the heart of Park City. It sits adjacent to the historic Miners Hospital at the entrance to City Park, home to grassy, dog-friendly fields, tennis & basketball courts, a playground, sand volleyball courts, and a skate park. Enjoy walkability to Historic Main Street, slopes of Park City Mountain Resort, bike/hike trails, shopping, dining, and events, plus direct access to Park City's free transit route for easy transportation year-round. The home features beautiful ski resort views and is part of a small, well-maintained community of just eight residences. Owners and guests share access to a spacious deck with a large hot tub, perfect for aprs-ski relaxation or summer evenings. Inside, the traditional layout includes defined living areas and timeless, well-kept finishes. A semi-private in-unit sauna adds a cozy and desirable amenity, ideal for unwinding after a day on the mountain. Additional highlights include generous storage space and TWO dedicated parking spots in a secure community garage. This property is in a premier spot along Park City's popular Fourth of July Parade route, it is an exceptional opportunity for short-term rental income, a seasonal retreat, or long-term family asset.
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-mid
Stories
3
Subdivision
PARK PLACE
County
Summit
Zoning
Short Term Rental Allowed
Construction
Other
Lot Size
0.03 sq ft
Above Grade Area
1,400 sq ft
Condition
Blt./Standing
MLS #
2157256
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-mid
Stories
3
Subdivision
PARK PLACE
County
Summit
Zoning
Short Term Rental Allowed
Construction
Other
Lot Size
0.03 sq ft
Above Grade Area
1,400 sq ft
Condition
Blt./Standing
MLS #
2157256
List Price
$1,300,000
Original Price
$1,350,000
HOA Fees
$1,942 / Quarterly
Annual Taxes
$7,132
Home Warranty
No
List Price
$1,300,000
Original Price
$1,350,000
HOA Fees
$1,942 / Quarterly
Annual Taxes
$7,132
Home Warranty
No
Heating
Electric,Wall Furnace
Cooling
Natural Ventilation
Roof
Flat,Membrane
Flooring
Carpet,Hardwood,Tile
Basement
Entrance
Materials
Other
Appliances
Ceiling Fan,Dryer,Microwave,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Water Source
Private
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Electric,Wall Furnace
Cooling
Natural Ventilation
Roof
Flat,Membrane
Flooring
Carpet,Hardwood,Tile
Basement
Entrance
Materials
Other
Appliances
Ceiling Fan,Dryer,Microwave,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Water Source
Private
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Garage Spaces
1
Covered Spaces
1
Total Parking
1
Garage Spaces
1
Covered Spaces
1
Total Parking
1
Why this is a deal
Classification
Standard
Deal Score
77/100
vs Similar Homes
8% below
vs Market Median
13% below
Price Reduced
3.7%
Area Growth (YoY)
-6.2%
Deal Score Breakdown
77/100 · 2 qualifying signals
Priced 13% below the per-subtype city median
Priced 8% below the median of similar listings
4% price reduction from original list — seller may be motivated
-6.2% year-over-year ZHVI growth in this area
LT net cashflow -$6,901/mo (-72.2% return on ownership cost) · STR net cashflow -$6,240/mo (-65.3% 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
$3,024/mo
Range: $2,030 – $4,018
Net Monthly Cash Flow
−$6,901 /mo (−$82,814/yr)
Monthly rental income
Monthly ownership cost
Coverage
32%
Net /mo
−$6,901
DSCR
0.40
Est. Annual Revenue
$56,956/yr
$668/night · 38% occupancy · $241/bedroom · $1.01/sqft
Net Monthly Cash Flow
−$6,240 /mo (−$74,878/yr)
Monthly STR income
Monthly ownership cost
Coverage
50%
Net /mo
−$6,240
DSCR
0.50
Best Download
2 Gbps
Best Upload
2 Gbps
Fiber Available
No
Providers
9
Available Providers
$1,900,000
-32% vs median
82 days
549
$24,900 – $55,000,000
$7,132
$1,942/quarterly
High Crime
16.7
per 1,000
33.8
per 1,000
7.4
per 1,000
57.9
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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Daryn Edmunds - High Road Properties

Devin Tanner - Utah Realtor

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