3203 400, Salt Lake City, UT 84115
2BD/—BA Residential in Salt Lake City, UT 84115. 765 sqft. Built 1951. Listed at $450,000. MLS #2164728.
2BD/—BA Residential in Salt Lake City, UT 84115. 765 sqft. Built 1951. Listed at $450,000. MLS #2164728.
**BRAND NEW REMODEL WITH NUMEROUS UPGRADES AND AN AMAZING CUSTOM KITCHEN!** Per discussions with the city planner, room for a detached **GARAGE WITH ADU** or **TINY HOME** ON WELL no water fees. This thoughtfully remodeled South Salt Lake cottage features an amazing custom kitchen with soft-close cabinetry, quartz countertops, stainless steel appliances, and abundant storage. Additional upgrades include brand new LVP flooring, fresh paint and texturing, wainscoting, built-in pantry shelving, closet shelving, upgraded plumbing and fixtures, a beautifully remodeled bathroom, brand new HVAC system, and a brand new concrete driveway. Enjoy private well water with little to no monthly water bill, RV parking, and ample off-street parking. Special attention was paid to this remodel with quality finishes and thoughtful details throughout, all conveniently located near Fitts Park, Sugar House Park, downtown Salt Lake City, and the University of Utah. (buyer to verify all approvals and development potential with the city).
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
Subdivision
GRANITE PARK
County
Salt Lake
Construction
Asphalt,Concrete
Lot Size
0.14 sq ft
Above Grade Area
764 sq ft
Condition
Blt./Standing
MLS #
2164728
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
Subdivision
GRANITE PARK
County
Salt Lake
Construction
Asphalt,Concrete
Lot Size
0.14 sq ft
Above Grade Area
764 sq ft
Condition
Blt./Standing
MLS #
2164728
List Price
$450,000
Annual Taxes
$1,531
Home Warranty
No
List Price
$450,000
Annual Taxes
$1,531
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Tile
Basement
Partial
Materials
Asphalt,Concrete
Appliances
Microwave
Patio & Porch
Porch: Open
Water Source
Well
Sewer
Sewer: Connected
View
Mountain(s)
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Tile
Basement
Partial
Materials
Asphalt,Concrete
Appliances
Microwave
Patio & Porch
Porch: Open
Water Source
Well
Sewer
Sewer: Connected
View
Mountain(s)
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
95/100
vs Similar Homes
26% below
vs Market Median
9% above
Area Growth (YoY)
1.6%
Deal Score Breakdown
95/100 · 1 qualifying signal
Priced 26% below the median of similar listings
Priced 9% above the per-subtype city median
1.6% year-over-year ZHVI growth in this area
LT net cashflow -$1,705/mo (-56.9% return on ownership cost) · STR net cashflow -$1,915/mo (-63.9% 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.
Why this classification
Monthly Rent
$1,467/mo
Range: $1,201 – $1,734
Net Monthly Cash Flow
−$1,705 /mo (−$20,459/yr)
Monthly rental income
Monthly ownership cost
Coverage
49%
Net /mo
−$1,705
DSCR
0.57
Est. Annual Revenue
$18,523/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$1,915 /mo (−$22,984/yr)
Monthly STR income
Monthly ownership cost
Coverage
52%
Net /mo
−$1,915
DSCR
0.48
Elementary
Woodrow WilsonMiddle School
Granite ParkHigh School
Granite PeaksSchool District
Granite
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
15
Available Providers
$580,000
-22% vs median
46 days
661
$195,000 – $7,995,000
$1,531
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

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Devin Tanner - Utah Realtor
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