359 700, Salt Lake City, UT 84116
2BD/—BA Residential in Salt Lake City, UT 84116. 1,758 sqft. Built 2021. Listed at $479,900. MLS #2143275.
2BD/—BA Residential in Salt Lake City, UT 84116. 1,758 sqft. Built 2021. Listed at $479,900. MLS #2143275.
Experience modern urban living at The Ellie, a thoughtfully designed gated community by CW Urban. This contemporary townhome features a bright open-concept layout with stainless steel appliances, gas range, and bar seating that flows seamlessly into the main living and dining areas. Large windows bring in abundant natural light and create an inviting space for everyday living or entertaining. Upstairs you'll find two spacious bedrooms, each with its own private en-suite bathroom, offering comfort and privacy. The lower level provides a flexible space ideal for a home office, gym, or additional living area. Enjoy the convenience of an attached two-car garage that already has an EV charging outlet installed. Low-maintenance living just minutes from Downtown Salt Lake City, SLC International Airport, restaurants, shopping, and quick freeway access.
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-mid
Stories
3
Subdivision
THE ELLIE
County
Salt Lake
Zoning
Multi-Family
Construction
Stucco,Cement Siding
Lot Size
0.02 sq ft
Above Grade Area
1,758 sq ft
Condition
Blt./Standing
MLS #
2143275
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-mid
Stories
3
Subdivision
THE ELLIE
County
Salt Lake
Zoning
Multi-Family
Construction
Stucco,Cement Siding
Lot Size
0.02 sq ft
Above Grade Area
1,758 sq ft
Condition
Blt./Standing
MLS #
2143275
List Price
$479,900
Original Price
$525,000
HOA Fees
$250 / Monthly
Annual Taxes
$2,506
Home Warranty
No
List Price
$479,900
Original Price
$525,000
HOA Fees
$250 / Monthly
Annual Taxes
$2,506
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Flat,Membrane
Flooring
Carpet
Basement
None
Materials
Stucco,Cement Siding
Appliances
Microwave,Refrigerator,Water Softener Owned
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Flat,Membrane
Flooring
Carpet
Basement
None
Materials
Stucco,Cement Siding
Appliances
Microwave,Refrigerator,Water Softener Owned
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Garage Spaces
2
Covered Spaces
2
Total Parking
2
$575,000
-17% vs median
55 days
621
$184,000 – $7,995,000
$2,506
$250/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.
Your inquiry goes to the listing agent.
Fast Response
Typically within 2 hours during business hours
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
100/100
vs Similar Homes
13% below
vs Market Median
21% below
Price Reduced
8.6%
Area Growth (YoY)
4.0%
Deal Score Breakdown
100/100 · 3 qualifying signals
Priced 21% below the per-subtype city median
Priced 13% below the median of similar listings
9% price reduction from original list — seller may be motivated
4.0% year-over-year ZHVI growth in this area
LT net cashflow -$905/mo (-25.7% return on ownership cost) · STR net cashflow -$2,620/mo (-74.3% 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
$2,980/mo
Range: $2,059 – $3,902
Net Monthly Cash Flow
−$906 /mo (−$10,870/yr)
Monthly rental income
Monthly ownership cost
Coverage
85%
Net /mo
−$905
DSCR
1.08
Est. Annual Revenue
$15,566/yr
$154/night · 54% occupancy · $58/bedroom · $0.09/sqft
Net Monthly Cash Flow
−$2,621 /mo (−$31,448/yr)
Monthly STR income
Monthly ownership cost
Coverage
37%
Net /mo
−$2,620
DSCR
0.37
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