696 LOCUST, Pleasant Grove, UT 84062
4BD/—BA Residential in Pleasant Grove, UT 84062. 2,540 sqft. Built 1940. Listed at $649,000. MLS #2136253.
4BD/—BA Residential in Pleasant Grove, UT 84062. 2,540 sqft. Built 1940. Listed at $649,000. MLS #2136253.
HUGE $20,000 price reduction. Charming updated bungalow in a prime Pleasant Grove location, just a stone's throw from the Pleasant Grove Rec Center and pool and within walking distance to the high school. Situated on a rare and spacious .39-acre lot, this property backs directly to a park and features a private walkway at the rear of the long, deep lot for easy access to open green space. Inside, the home has been thoughtfully updated, including the recent removal of a wall to create an open, inviting kitchen and family room-perfect for gathering and everyday living. A standout feature is the rare 2-bedroom accessory apartment, offering excellent flexibility for rental income, guests, or multi-generational living. Additional highlights include solar for energy efficiency, pressurized irrigation through Pleasant Grove City, New Sewer line, New Electrical and New Plumbing (done by previous ownership), mature trees, a fully fenced yard, and multiple outbuildings providing generous storage and workspace options. With its combination of location, land, and versatility, this is a truly unique opportunity in a sought-after neighborhood.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
County
Utah
Zoning
Single-Family
Construction
Brick
Lot Size
0.39 sq ft
Above Grade Area
1,270 sq ft
Condition
Blt./Standing
MLS #
2136253
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
County
Utah
Zoning
Single-Family
Construction
Brick
Lot Size
0.39 sq ft
Above Grade Area
1,270 sq ft
Condition
Blt./Standing
MLS #
2136253
List Price
$649,000
Original Price
$675,000
Annual Taxes
$2,298
Home Warranty
No
List Price
$649,000
Original Price
$675,000
Annual Taxes
$2,298
Home Warranty
No
Heating
Electric,Forced Air,Gas: Central
Cooling
Central Air,Window Unit(s)
Roof
Metal
Flooring
Laminate
Basement
Daylight,Entrance,Full
Materials
Brick
Patio & Porch
Patio: Open
Water Source
Culinary,Irrigation,Irrigation: Pressure
Sewer
Sewer: Connected,Sewer: Public
Heating
Electric,Forced Air,Gas: Central
Cooling
Central Air,Window Unit(s)
Roof
Metal
Flooring
Laminate
Basement
Daylight,Entrance,Full
Materials
Brick
Patio & Porch
Patio: Open
Water Source
Culinary,Irrigation,Irrigation: Pressure
Sewer
Sewer: Connected,Sewer: Public
Garage Spaces
2
Covered Spaces
2
Total Parking
7
Garage Spaces
2
Covered Spaces
2
Total Parking
7
Why this is a deal
Classification
Standard
Deal Score
62/100
vs Similar Homes
11% above
vs Market Median
14% above
Price Reduced
3.9%
Area Growth (YoY)
5.9%
Deal Score Breakdown
62/100 · 1 qualifying signal
5.9% year-over-year ZHVI growth in this area
4% price reduction from original list — seller may be motivated
Priced 11% above the median of similar listings
Priced 14% above the per-subtype city median
LT net cashflow -$1,682/mo (-38.7% return on ownership cost) · STR net cashflow -$1,530/mo (-35.2% 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
$3,023/mo
Range: $2,515 – $3,531
Net Monthly Cash Flow
−$1,682 /mo (−$20,183/yr)
Monthly rental income
Monthly ownership cost
Coverage
70%
Net /mo
−$1,682
DSCR
0.81
Est. Annual Revenue
$48,210/yr
$364/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$1,528 /mo (−$18,341/yr)
Monthly STR income
Monthly ownership cost
Coverage
93%
Net /mo
−$1,530
DSCR
0.86
Elementary
LindonMiddle School
Oak CanyonHigh School
Pleasant GroveSchool District
Alpine
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$539,100
+20% vs median
50 days
81
$295,000 – $2,150,000
$2,298
Low Crime
7.4
per 1,000
17.9
per 1,000
5.5
per 1,000
30.9
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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