5516 SPRINGTREE, Salt Lake City, UT 84107
2BD/—BA Residential in Salt Lake City, UT 84107. 1,320 sqft. Built 1977. Listed at $385,000. MLS #2159800.
2BD/—BA Residential in Salt Lake City, UT 84107. 1,320 sqft. Built 1977. Listed at $385,000. MLS #2159800.
First time homebuyers dream! Seller would like to sell home fully furnished (price inclusive of this). Purchased and steadily renovated over the last four years with new flooring (carpet, LVT) 2022, paint 2022, washer/dryer 2022, hot water heater 2022, air conditioner / furnace 2025, kitchen flooring and all new appliances 2025, water softener 2025, and reverse osmosis at kitchen sink 2026. Located in the heart of Murray, near Murray Park, IMC/TOSH, and shopping center with grocery, gym, and restaurants. This 2 bedroom 2 bath condo is ready to move in as is! Primary bedroom has ensuite bath and walk-in closet. Second bedroom has walk-in cloet and is also connected to main bath via the walk in closet. Very open floor plan for hosting, but rooms feel very private. Owner rented out one room to healthcare providers during ownership to supplement mortgage payment. Patio provides a great view and windows add natural light into the home. Plenty of storage in the laundry/utility room and two closed/ secure closets in garage. Large trees surrounding property offer color, privacy, and shade. Enjoy this summer lounging by the community's inground and fenced pool. Schedule your showing today.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Top Level
Stories
1
Subdivision
SPRINGTREE
County
Salt Lake
Zoning
Single-Family
Construction
Other
Lot Size
0.01 sq ft
Above Grade Area
1,320 sq ft
Condition
Blt./Standing
MLS #
2159800
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Top Level
Stories
1
Subdivision
SPRINGTREE
County
Salt Lake
Zoning
Single-Family
Construction
Other
Lot Size
0.01 sq ft
Above Grade Area
1,320 sq ft
Condition
Blt./Standing
MLS #
2159800
List Price
$385,000
HOA Fees
$410 / Monthly
Annual Taxes
$1,606
Home Warranty
No
List Price
$385,000
HOA Fees
$410 / Monthly
Annual Taxes
$1,606
Home Warranty
No
Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile,Vinyl
Basement
None
Materials
Other
Appliances
Ceiling Fan,Dryer,Freezer,Microwave,Refrigerator,Washer,Water Softener Owned
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile,Vinyl
Basement
None
Materials
Other
Appliances
Ceiling Fan,Dryer,Freezer,Microwave,Refrigerator,Washer,Water Softener Owned
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Garage Spaces
2
Covered Spaces
2
Total Parking
4
Garage Spaces
2
Covered Spaces
2
Total Parking
4
Classification
Standard
Deal Score
30/100
vs Similar Homes
22% above
vs Market Median
4% above
Area Growth (YoY)
2.1%
Deal Score Breakdown
30/100
Priced 4% above the per-subtype city median
2.1% year-over-year ZHVI growth in this area
Priced 22% above the median of similar listings
LT net cashflow -$1,167/mo (-38.8% return on ownership cost) · STR net cashflow -$1,471/mo (-48.9% 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
$2,090/mo
Range: $1,526 – $2,654
Net Monthly Cash Flow
−$1,167 /mo (−$14,004/yr)
Monthly rental income
Monthly ownership cost
Coverage
70%
Net /mo
−$1,167
DSCR
0.94
Est. Annual Revenue
$26,316/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$1,471 /mo (−$17,652/yr)
Monthly STR income
Monthly ownership cost
Coverage
73%
Net /mo
−$1,471
DSCR
0.79
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$570,000
-32% vs median
56 days
618
$184,000 – $7,995,000
$1,606
$410/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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