241 VINE, Salt Lake City, UT 84103
3BD/—BA Residential in Salt Lake City, UT 84103. 2,195 sqft. Built 1976. Listed at $875,000. MLS #2163344.
3BD/—BA Residential in Salt Lake City, UT 84103. 2,195 sqft. Built 1976. Listed at $875,000. MLS #2163344.
WELCOME to this recently renovated Residence #1201E located in the iconic Zions Summit Building, a beautifully renovated 12th-floor condominium offering 2,195 square feet of refined living space. This exceptional 3-bedroom, 3-bath residence showcases new paint, new carpet in the bedrooms, crown moldings, and a gas fireplace, creating an inviting living space. Experience luxury high-rise living at its finest in one of Salt Lake City's most recognizable residential landmarks. The kitchen has new stainless steel appliances, a walk-in kitchen pantry, a wine bar, and an in-unit laundry with a private entrance. Two private master suites feature walk-in closets, and all bathrooms have been updated with high-end fixtures, walk-in showers, and a relaxing soaking tub. Generous living spaces, hardwood floors, lots of natural light with STUNNING views of the Utah State Capitol, and enjoy the changing seasons from your private patio. The residence enjoys a swimming pool, sauna, gym, party room, and quiet room, as well as secure underground parking with two dedicated spaces and guest parking. Ideally located just minutes from downtown Salt Lake City, City Creek Mall, Memory Grove Park, City Creek Canyon, Salt Lake International Airport, freeway access, and guest parking. Seller will provide an $800 iBex Home Warranty for buyer at closing.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; High Rise
Stories
1
Subdivision
ZION SUMMIT CONDM
County
Salt Lake
Construction
Brick,Concrete,Stone
Lot Size
0.1 sq ft
Above Grade Area
2,195 sq ft
Condition
Blt./Standing
MLS #
2163344
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; High Rise
Stories
1
Subdivision
ZION SUMMIT CONDM
County
Salt Lake
Construction
Brick,Concrete,Stone
Lot Size
0.1 sq ft
Above Grade Area
2,195 sq ft
Condition
Blt./Standing
MLS #
2163344
List Price
$875,000
HOA Fees
$1,269 / Monthly
Annual Taxes
$1,884
Home Warranty
Yes
List Price
$875,000
HOA Fees
$1,269 / Monthly
Annual Taxes
$1,884
Home Warranty
Yes
Heating
Gas: Central,Hot Water
Cooling
Central Air
Roof
Membrane
Flooring
Hardwood,Tile
Materials
Brick,Concrete,Stone
Appliances
Microwave,Refrigerator,Water Softener Owned
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Gas: Central,Hot Water
Cooling
Central Air
Roof
Membrane
Flooring
Hardwood,Tile
Materials
Brick,Concrete,Stone
Appliances
Microwave,Refrigerator,Water Softener Owned
Laundry
Electric Dryer Hookup
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
10/100
vs Similar Homes
76% above
vs Market Median
24% above
Area Growth (YoY)
-0.9%
Deal Score Breakdown
10/100
Priced 76% above the median of similar listings
Priced 24% above the per-subtype city median
-0.9% year-over-year ZHVI growth in this area
LT net cashflow -$2,142/mo (-30.7% return on ownership cost) · STR net cashflow -$4,593/mo (-65.8% 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
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
$5,503/mo
Range: $4,737 – $6,269
Net Monthly Cash Flow
−$2,142 /mo (−$25,704/yr)
Monthly rental income
Monthly ownership cost
Coverage
79%
Net /mo
−$2,142
DSCR
1.10
Est. Annual Revenue
$41,003/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$4,592 /mo (−$55,105/yr)
Monthly STR income
Monthly ownership cost
Coverage
49%
Net /mo
−$4,593
DSCR
0.54
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$587,500
+49% vs median
39 days
660
$175,000 – $7,995,000
$1,884
$1,269/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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