520 500, Salt Lake City, UT 84102
2BD/—BA Residential in Salt Lake City, UT 84102. 1,034 sqft. Built 2008. Listed at $416,000. MLS #2151176.
2BD/—BA Residential in Salt Lake City, UT 84102. 1,034 sqft. Built 2008. Listed at $416,000. MLS #2151176.
Back on the market. Buyers got cold feet. Now is your chance to own one of the cutest condos with an unbeatable location in the heart of Salt Lake City! Come and experience the convenience of living in Downtown SLC with lots of amenities all around you! This condo is an easy reach to Trader Joe's, Smith's Market, Trolley Square, theaters, restaurants, SLC Library, Trax Station, min. to I-15, and the University of Utah. This stylish 2 bedrooms, one and a half bath home is not just your average condo. It has a feel of a 2-story townhome with high ceilings on the main floor, lots of tall windows to let in the natural lighting, and an open concept floor plan that flows seamlessly throughout the main floor. The upper floor consists of 2 large bedrooms, including the master bedroom and a laundry area for your convenience. What makes this condo stand out is all the upgrades that you'll get to enjoy! This home comes with a new tankless water heater, new dishwasher, smart thermostat, new washer and dryer that are included, fresh new paint throughout the whole home, newly painted doors and hardware, upgraded lighting to LED lights, a stylish accent wall in the living room, plus an extra storage unit that is unique to this condo. There are only 8 units that have the extra exterior storage in the whole complex and this condo comes with one of the storage units for you to store your belongings! You will also get 2 dedicated parking spaces in the underground, secured parking. This home has so much to offer. Come and make it your home today! Buyers and Buyer's agent to verify all.
Property Type
Residential
Property Style
Condominium
Architectural Style
Stories: 2
Stories
2
Subdivision
TROLLEY PLACE
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Stucco
Lot Size
0.01 sq ft
Above Grade Area
1,034 sq ft
Condition
Blt./Standing
MLS #
2151176
Property Type
Residential
Property Style
Condominium
Architectural Style
Stories: 2
Stories
2
Subdivision
TROLLEY PLACE
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Stucco
Lot Size
0.01 sq ft
Above Grade Area
1,034 sq ft
Condition
Blt./Standing
MLS #
2151176
List Price
$416,000
HOA Fees
$275 / Monthly
Annual Taxes
$2,088
Home Warranty
No
List Price
$416,000
HOA Fees
$275 / Monthly
Annual Taxes
$2,088
Home Warranty
No
Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile,Vinyl
Basement
Slab
Materials
Brick,Stucco
Appliances
Dryer,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile,Vinyl
Basement
Slab
Materials
Brick,Stucco
Appliances
Dryer,Refrigerator,Washer
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
Classification
Standard
Deal Score
10/100
vs Similar Homes
9% above
vs Market Median
13% above
Area Growth (YoY)
-0.8%
Deal Score Breakdown
10/100
Priced 9% above the median of similar listings
Priced 13% above the per-subtype city median
-0.8% year-over-year ZHVI growth in this area
LT net cashflow -$871/mo (-28.3% return on ownership cost) · STR net cashflow -$1,751/mo (-56.9% 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
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
$2,507/mo
Range: $1,231 – $3,782
Net Monthly Cash Flow
−$871 /mo (−$10,448/yr)
Monthly rental income
Monthly ownership cost
Coverage
82%
Net /mo
−$871
DSCR
1.06
Est. Annual Revenue
$22,729/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$1,752 /mo (−$21,019/yr)
Monthly STR income
Monthly ownership cost
Coverage
62%
Net /mo
−$1,751
DSCR
0.64
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$570,000
-27% vs median
57 days
615
$184,000 – $7,995,000
$2,088
$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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