520 500, Salt Lake City, UT 84102
2BD/—BA Residential in Salt Lake City, UT 84102. 1,054 sqft. Built 2008. Listed at $407,000. MLS #2148480.
2BD/—BA Residential in Salt Lake City, UT 84102. 1,054 sqft. Built 2008. Listed at $407,000. MLS #2148480.
PRICE REDUCED!! Enjoy the best of Salt Lake City from this bright, open condo in a prime walkable neighborhood. Just steps away, you'll find Whole Foods, Trader Joe's, Smith's, City Creek Center, Trolley Square, and endless downtown dining, shopping, and entertainment. TRAX is nearby, making it easy to reach the University of Utah, a movie, museum, or live performance without the hassle of parking. As an end unit, numerous large windows provides natural light that fills the spacious layout, creating an inviting atmosphere for everyday living. The kitchen and living areas flow seamlessly together, while in-unit laundry adds convenience. This pet-friendly community offers more than just location. The HOA includes a courtyard, BBQ area, and a reserved parking space in the attached, secure garage. Modern comfort, secure amenities, and unbeatable access to everything downtown SLC has to offer, it's all waiting for you.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Top Level
Stories
2
Subdivision
TROLLEY PLACE
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Stucco
Lot Size
0.01 sq ft
Above Grade Area
1,054 sq ft
Condition
Blt./Standing
MLS #
2148480
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Top Level
Stories
2
Subdivision
TROLLEY PLACE
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Stucco
Lot Size
0.01 sq ft
Above Grade Area
1,054 sq ft
Condition
Blt./Standing
MLS #
2148480
List Price
$407,000
Original Price
$414,000
HOA Fees
$275 / Monthly
Annual Taxes
$1,965
Home Warranty
No
List Price
$407,000
Original Price
$414,000
HOA Fees
$275 / Monthly
Annual Taxes
$1,965
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Rubber
Flooring
Carpet,Tile,Vinyl
Basement
None
Materials
Brick,Stucco
Appliances
Dryer,Microwave,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Rubber
Flooring
Carpet,Tile,Vinyl
Basement
None
Materials
Brick,Stucco
Appliances
Dryer,Microwave,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Water Source
Culinary
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
Great Deal (vs Market)
Deal Score
82/100
vs Similar Homes
17% above
vs Market Median
19% below
Price Reduced
1.7%
Area Growth (YoY)
-0.8%
Deal Score Breakdown
82/100 · 1 qualifying signal
Priced 19% below the per-subtype city median
2% price reduction from original list — seller may be motivated
Priced 17% above the median of similar listings
-0.8% year-over-year ZHVI growth in this area
LT net cashflow -$761/mo (-25.3% return on ownership cost) · STR net cashflow -$1,668/mo (-55.4% 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
$2,555/mo
Range: $1,255 – $3,856
Net Monthly Cash Flow
−$762 /mo (−$9,138/yr)
Monthly rental income
Monthly ownership cost
Coverage
85%
Net /mo
−$761
DSCR
1.11
Est. Annual Revenue
$22,992/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$1,668 /mo (−$20,010/yr)
Monthly STR income
Monthly ownership cost
Coverage
64%
Net /mo
−$1,668
DSCR
0.66
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$570,000
-29% vs median
57 days
615
$184,000 – $7,995,000
$1,965
$275/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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