450 100, Salt Lake City, UT 84111
2BD/—BA Residential in Salt Lake City, UT 84111. 676 sqft. Built 1949. Listed at $275,000. MLS #2148960.
2BD/—BA Residential in Salt Lake City, UT 84111. 676 sqft. Built 1949. Listed at $275,000. MLS #2148960.
**BUYER CANCELED PRIOR TO DUE DILIGENCE** Welcome to this beautifully updated condo in the desirable Ivy Terrace community. Ideally located in the heart of downtown, this residence offers effortless access to the city's dining, entertainment, and campus life making it perfect for students, professionals, or anyone seeking a vibrant urban lifestyle. Once inside the gates, you will find a peaceful, tree-lined courtyard with lush landscaping and blooming lilacs that create a quiet escape from the energy of the city. Enjoy peace of mind with recent upgrades including new windows (Dec 2024) and HVAC system (May 2023) providing added efficiency and keeping ownership simple. Square footage figures are provided as a courtesy estimate only and were obtained from prior appraisal. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Main Level
Stories
1
Subdivision
IVY TERRACE
County
Salt Lake
Zoning
Single-Family
Construction
Brick
Lot Size
0.01 sq ft
Above Grade Area
676 sq ft
Condition
Blt./Standing
MLS #
2148960
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Main Level
Stories
1
Subdivision
IVY TERRACE
County
Salt Lake
Zoning
Single-Family
Construction
Brick
Lot Size
0.01 sq ft
Above Grade Area
676 sq ft
Condition
Blt./Standing
MLS #
2148960
List Price
$275,000
HOA Fees
$325 / Monthly
Annual Taxes
$1,380
Home Warranty
No
List Price
$275,000
HOA Fees
$325 / Monthly
Annual Taxes
$1,380
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
None
Materials
Brick
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
None
Materials
Brick
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Covered Spaces
1
Total Parking
1
Covered Spaces
1
Total Parking
1
Classification
Standard
Deal Score
10/100
vs Market Median
10% above
Area Growth (YoY)
-0.8%
Deal Score Breakdown
10/100
Priced 10% above the per-subtype city median
-0.8% year-over-year ZHVI growth in this area
LT net cashflow -$1,002/mo (-46.0% return on ownership cost) · STR net cashflow -$1,150/mo (-52.8% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
No price reduction from original list
Not enough comparable listings
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.
Monthly Rent
$1,336/mo
Range: $634 – $2,037
Net Monthly Cash Flow
−$1,001 /mo (−$12,012/yr)
Monthly rental income
Monthly ownership cost
Coverage
61%
Net /mo
−$1,002
DSCR
0.86
Est. Annual Revenue
$17,613/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$1,148 /mo (−$13,779/yr)
Monthly STR income
Monthly ownership cost
Coverage
67%
Net /mo
−$1,150
DSCR
0.75
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$570,000
-52% vs median
57 days
615
$184,000 – $7,995,000
$1,380
$325/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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