4868 WALLACE, Salt Lake City, UT 84117
4BD/—BA Residential in Salt Lake City, UT 84117. 3,190 sqft. Built 1965. Listed at $1,295,000. MLS #2164703.
4BD/—BA Residential in Salt Lake City, UT 84117. 3,190 sqft. Built 1965. Listed at $1,295,000. MLS #2164703.
Perched in one of Holladay's most desirable neighborhoods, this thoughtfully updated mid-century modern residence captures the essence of elevated indoor-outdoor living. Expansive covered decking serves as a natural extension of the home, creating the perfect setting for entertaining, relaxing, and taking in the valley views and spectacular sunset skies.The home's contemporary mid-century character is highlighted by custom stonework that seamlessly ties together the interior and exterior spaces, while views of iconic Mount Olympus provide a stunning backdrop. Inside, recent updates blend modern comfort with timeless design, including beautifully remodeled upstairs and downstairs bathrooms, updated flooring in the main living areas, and new carpet in the upstairs bedrooms. Outside, the property has undergone a significant transformation. Extensive landscape improvements include a custom 50-foot retaining wall, complete yard regrading, new sprinkler and drip irrigation systems, lush sod, curated garden spaces, and an expanded outdoor living area with a custom concrete patio and private hot tub retreat. These enhancements dramatically increased the usability and enjoyment of the backyard while maintaining a low-maintenance xeriscape aesthetic in the front yard overlooking the Wasatch Front. Systemic upgrades include a new HVAC system, tankless water heater, upgraded garage door operating system, Ring security system, updated water service line from the street, and recent roof repairs. Fresh paint throughout further enhances the home's turnkey appeal. Exceptionally maintained and meticulously cared for, this residence offers a rare opportunity to own a true mid-century modern retreat where architectural character, thoughtful improvements, and one of Holladay's most sought-after locations come together beautifully. Finally a home that reflects your style!
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
COTTONWOOD HILLS SUB
County
Salt Lake
Zoning
Single-Family
Construction
Aluminum,Asphalt,Stone
Lot Size
0.26 sq ft
Above Grade Area
1,815 sq ft
Condition
Blt./Standing
MLS #
2164703
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
COTTONWOOD HILLS SUB
County
Salt Lake
Zoning
Single-Family
Construction
Aluminum,Asphalt,Stone
Lot Size
0.26 sq ft
Above Grade Area
1,815 sq ft
Condition
Blt./Standing
MLS #
2164703
List Price
$1,295,000
Annual Taxes
$5,912
Home Warranty
No
List Price
$1,295,000
Annual Taxes
$5,912
Home Warranty
No
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Daylight,Full,Walk-Out Access
Materials
Aluminum,Asphalt,Stone
Appliances
Dryer,Microwave,Range Hood,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Patio & Porch
Covered,Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Daylight,Full,Walk-Out Access
Materials
Aluminum,Asphalt,Stone
Appliances
Dryer,Microwave,Range Hood,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Patio & Porch
Covered,Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
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
27% above
vs Market Median
12% above
Area Growth (YoY)
-0.1%
Deal Score Breakdown
10/100
Priced 27% above the median of similar listings
Priced 12% above the per-subtype city median
-0.1% year-over-year ZHVI growth in this area
LT net cashflow -$4,365/mo (-49.8% return on ownership cost) · STR net cashflow -$5,402/mo (-61.7% 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
$4,995/mo
Range: $3,097 – $6,894
Net Monthly Cash Flow
−$4,365 /mo (−$52,377/yr)
Monthly rental income
Monthly ownership cost
Coverage
57%
Net /mo
−$4,365
DSCR
0.67
Est. Annual Revenue
$57,571/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$5,403 /mo (−$64,838/yr)
Monthly STR income
Monthly ownership cost
Coverage
55%
Net /mo
−$5,402
DSCR
0.51
$580,000
+123% vs median
46 days
662
$195,000 – $7,995,000
$5,912
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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Devin Tanner - Utah Realtor
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