29 STATE, Salt Lake City, UT 84111
1BD/—BA Residential in Salt Lake City, UT 84111. 556 sqft. Built 1919. Listed at $294,900. MLS #2141148.
1BD/—BA Residential in Salt Lake City, UT 84111. 556 sqft. Built 1919. Listed at $294,900. MLS #2141148.
Best priced Belvedere listing with the best views. LENDER CREDIT FOR RATE BUY-DOWN AVAILABLE WITH PREFERRED LENDER! Once part of the original penthouse suites from the Belvedere's hotel era, this rare corner unit offers unbeatable natural light, south-facing city views, and the thrill of downtown living right outside your door. As one of the larger units in the building, this condo features updated paint, an in-unit washer/dryer, and a new energy-efficient window AC. Steps from Harmons, Temple Square, and City Creek Center, the location is unbeatable. Whether you're looking for a vibrant urban home base or a long-term investment, this unit offers strong rental potential with no cap on long-term rentals in one of Salt Lake's most walkable and historic buildings.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; High Rise
Stories
1
Subdivision
BELVEDERE
County
Salt Lake
Construction
Brick
Lot Size
0.01 sq ft
Above Grade Area
556 sq ft
Condition
Blt./Standing
MLS #
2141148
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; High Rise
Stories
1
Subdivision
BELVEDERE
County
Salt Lake
Construction
Brick
Lot Size
0.01 sq ft
Above Grade Area
556 sq ft
Condition
Blt./Standing
MLS #
2141148
List Price
$294,900
Original Price
$328,000
HOA Fees
$303 / Monthly
Annual Taxes
$1,318
Home Warranty
No
List Price
$294,900
Original Price
$328,000
HOA Fees
$303 / Monthly
Annual Taxes
$1,318
Home Warranty
No
Heating
Gas: Radiant,Hot Water
Cooling
Central Air,Window Unit(s)
Roof
Flat
Flooring
Carpet,Tile
Basement
None
Materials
Brick
Appliances
Dryer,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s),Valley
Heating
Gas: Radiant,Hot Water
Cooling
Central Air,Window Unit(s)
Roof
Flat
Flooring
Carpet,Tile
Basement
None
Materials
Brick
Appliances
Dryer,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s),Valley
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Why this is a deal
Classification
Standard
Deal Score
78/100
vs Similar Homes
3% above
vs Market Median
15% above
Price Reduced
10.1%
Area Growth (YoY)
0.1%
Deal Score Breakdown
78/100 · 1 qualifying signal
10% price reduction from original list — seller may be motivated
Priced 3% above the median of similar listings
Priced 15% above the per-subtype city median
0.1% year-over-year ZHVI growth in this area
LT net cashflow -$1,436/mo (-62.5% return on ownership cost) · STR net cashflow -$1,606/mo (-69.9% 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
$981/mo
Range: $458 – $1,503
Net Monthly Cash Flow
−$1,436 /mo (−$17,229/yr)
Monthly rental income
Monthly ownership cost
Coverage
43%
Net /mo
−$1,436
DSCR
0.58
Est. Annual Revenue
$11,872/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$1,606 /mo (−$19,277/yr)
Monthly STR income
Monthly ownership cost
Coverage
43%
Net /mo
−$1,606
DSCR
0.46
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$575,000
-49% vs median
55 days
621
$184,000 – $7,995,000
$1,318
$303/monthly
High Crime
28.7
per 1,000
83.9
per 1,000
34.5
per 1,000
147.1
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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Daryn Edmunds - High Road Properties

Salt Lake City Real Estate Broker Focused on Pricing, Positioning, and Results

Devin Tanner - Utah Realtor
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