3250 MOHAWK LN, Provo, UT 84604
5BD/—BA Residential in Provo, UT 84604. 7,641 sqft. Built 1967. Listed at $1,500,000. MLS #2142488.
5BD/—BA Residential in Provo, UT 84604. 7,641 sqft. Built 1967. Listed at $1,500,000. MLS #2142488.
Two Homes on One Lot: A truly distinctive Indian Hills home. Set in one of Provo's most established and desirable neighborhoods, this exceptional property features a beautifully updated main residence plus a fully separate detached studio residence on the same lot. Originally built in 1967 and extensively remodeled in 2001, the main home combines timeless mid-century character with generous living spaces, vaulted ceilings, and impressive functionality. It's great for entertaining! Highlights include four main-level bedrooms, a large laundry room, multiple gathering areas, a large semi-formal dining room, oversized 2-car garage, and a chef's kitchen with granite countertops, cherry cabinetry, Sub-Zero refrigerator, gas range, warming oven, and abundant storage. The primary suite offers vaulted ceilings, dual closets, and a spacious bath with separate tub and shower. The detached studio residence is a rare asset with remarkable flexibility (it's not an ADU). Originally created as the studio of renowned artist Greg Olsen, it includes its own basement, bath, fireplace, loft, separate HVAC, and exceptional natural light throughout. Loft area could function as a library, bedroom, storage, or flex space. The private, fully fenced yard, large flagstone patio, valley views, and stunning sunset setting complete the experience. Seller is offering a $20,000 allowance toward a new HVAC system for the main home. Art by current owner and local artist Val Boyes is displayed throughout and available for separate purchase. Square footage figures are provided as a courtesy estimate only and were obtained from an Appraisal. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
3
Subdivision
INDIAN HILLS
County
Utah
Zoning
Single-Family
Construction
Asphalt,Brick,Stucco
Lot Size
0.23 sq ft
Above Grade Area
4,901 sq ft
Condition
Blt./Standing
MLS #
2142488
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
3
Subdivision
INDIAN HILLS
County
Utah
Zoning
Single-Family
Construction
Asphalt,Brick,Stucco
Lot Size
0.23 sq ft
Above Grade Area
4,901 sq ft
Condition
Blt./Standing
MLS #
2142488
List Price
$1,500,000
Annual Taxes
$5,518
Home Warranty
No
List Price
$1,500,000
Annual Taxes
$5,518
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Stone,Tile,Vinyl
Basement
Entrance,Full,Walk-Out Access
Materials
Asphalt,Brick,Stucco
Appliances
Ceiling Fan,Dryer,Microwave,Range Hood,Refrigerator,Washer
Laundry
Gas Dryer Hookup
Patio & Porch
Porch: Open,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Stone,Tile,Vinyl
Basement
Entrance,Full,Walk-Out Access
Materials
Asphalt,Brick,Stucco
Appliances
Ceiling Fan,Dryer,Microwave,Range Hood,Refrigerator,Washer
Laundry
Gas Dryer Hookup
Patio & Porch
Porch: Open,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Garage Spaces
3
Covered Spaces
3
Total Parking
3
Garage Spaces
3
Covered Spaces
3
Total Parking
3
Why this is a deal
Classification
Strong Cash FlowDeal Score
80/100
vs Similar Homes
62% above
vs Market Median
85% above
Area Growth (YoY)
3.3%
Deal Score Breakdown
80/100 · 1 qualifying signal
LT net cashflow +$2,231/mo (+22.5% return on ownership cost) · STR net cashflow -$5,950/mo (-59.9% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
3.3% year-over-year ZHVI growth in this area
Priced 62% above the median of similar listings
Priced 85% above the per-subtype city median
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.
Why this classification
Monthly Rent
$13,825/mo
Range: $8,653 – $18,996
Net Monthly Cash Flow
+$2,232 /mo (+$26,778/yr)
Monthly rental income
Monthly ownership cost
Coverage
139%
Net /mo
+$2,231
DSCR
1.63
Est. Annual Revenue
$68,300/yr
$364/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$5,951 /mo (−$71,410/yr)
Monthly STR income
Monthly ownership cost
Coverage
57%
Net /mo
−$5,950
DSCR
0.53
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
10
Available Providers
$475,000
+216% vs median
62 days
182
$189,900 – $43,000,000
$5,518
Moderate
7.5
per 1,000
22.4
per 1,000
12.2
per 1,000
42.1
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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