550 400, Salt Lake City, UT 84111
1BD/—BA Residential in Salt Lake City, UT 84111. 684 sqft. Built 1983. Listed at $279,000. MLS #2148491.
1BD/—BA Residential in Salt Lake City, UT 84111. 684 sqft. Built 1983. Listed at $279,000. MLS #2148491.
Say hello to your new home. This beautifully updated single level condo offers comfort, convenience, and easy living. You will love the gated private parking, secure entrance, elevator access, and how easily accessible the building is. Once you are off the elevator, your front door is just right there, super close quiet, and convenient. Inside, the space feels bright and welcoming with a great mix of natural light and thoughtful updates throughout. The kitchen has newer appliances and has freshly painted cabinets, updated hardware, and opens right into the dining and living areas for that open, great room feel. New LVP flooring, fresh paint, an updated bathroom, and two newer mini splits for efficient heating and cooling. This one bedroom, one bath condo also has a shaded private deck overlooking the pool, perfect for relaxing or timing your next swim.The community has so much to offer with pickleball and tennis courts, garden spaces, a dog run, barbecue area, clubhouse, and a gym.You are right in the heart of downtown Salt Lake City with easy access to shopping, restaurants, entertainment, and public transportation. You are also close to parks and outdoor recreation, giving you the best of both city living and getting outside. Such a great mix of convenience, updates, and community all in one place. Fannie Mae approved for purchase for as little as 3-5% down.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Middle Level
Stories
1
Subdivision
TOWNE PARK
County
Salt Lake
Zoning
Multi-Family
Construction
Cinder Block,Stucco
Lot Size
0.01 sq ft
Above Grade Area
684 sq ft
Condition
Blt./Standing
MLS #
2148491
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Middle Level
Stories
1
Subdivision
TOWNE PARK
County
Salt Lake
Zoning
Multi-Family
Construction
Cinder Block,Stucco
Lot Size
0.01 sq ft
Above Grade Area
684 sq ft
Condition
Blt./Standing
MLS #
2148491
List Price
$279,000
Original Price
$280,000
HOA Fees
$411 / Monthly
Annual Taxes
$1,357
Home Warranty
No
List Price
$279,000
Original Price
$280,000
HOA Fees
$411 / Monthly
Annual Taxes
$1,357
Home Warranty
No
Heating
Electric
Roof
Composition,Rubber
Flooring
Tile
Basement
Entrance
Materials
Cinder Block,Stucco
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Heating
Electric
Roof
Composition,Rubber
Flooring
Tile
Basement
Entrance
Materials
Cinder Block,Stucco
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Garage Spaces
1
Covered Spaces
1
Total Parking
2
Garage Spaces
1
Covered Spaces
1
Total Parking
2
Why this is a deal
Classification
Standard
Deal Score
65/100
vs Similar Homes
8% below
vs Market Median
1% above
Price Reduced
0.4%
Area Growth (YoY)
-0.8%
Deal Score Breakdown
65/100 · 1 qualifying signal
Priced 8% below the median of similar listings
Priced 1% above the per-subtype city median
0% price reduction from original list — seller may be motivated
-0.8% year-over-year ZHVI growth in this area
LT net cashflow -$1,021/mo (-44.7% return on ownership cost) · STR net cashflow -$1,502/mo (-65.7% 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
$1,437/mo
Range: $706 – $2,169
Net Monthly Cash Flow
−$1,021 /mo (−$12,256/yr)
Monthly rental income
Monthly ownership cost
Coverage
63%
Net /mo
−$1,021
DSCR
0.91
Est. Annual Revenue
$13,443/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$1,502 /mo (−$18,025/yr)
Monthly STR income
Monthly ownership cost
Coverage
49%
Net /mo
−$1,502
DSCR
0.56
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$570,000
-51% vs median
57 days
615
$184,000 – $7,995,000
$1,357
$411/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.
Select agents you’d like to hear from. They’ll be notified of your interest — your contact details stay private until you choose to respond.

Daryn Edmunds - High Road Properties

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

Devin Tanner - Utah Realtor
Your inquiry goes to the listing agent.
Fast Response
Typically within 2 hours during business hours
Built with AI to help you find your perfect home
Powered by AI • Secured by Supabase • Trusted by Agents