241 VINE, Salt Lake City, UT 84103
1BD/—BA Residential in Salt Lake City, UT 84103. 1,075 sqft. Built 1976. Listed at $415,000. MLS #2172642.
1BD/—BA Residential in Salt Lake City, UT 84103. 1,075 sqft. Built 1976. Listed at $415,000. MLS #2172642.
Experience elevated urban living in this exceptional Downtown Salt Lake City condo, perfectly positioned in one of the most desirable locations within the community. Overlooking the sparkling heated saltwater pool, this stunning residence is framed by mature Alpine granite landscaping, breathtaking valley vistas, and the iconic Salt Lake City skyline. Its coveted southern exposure fills the home with abundant natural light, creating a bright and inviting atmosphere throughout the day. Lovingly maintained and thoughtfully updated, this move-in-ready condo features beautiful quartz countertops, newer appliances including the refrigerator and range, and updated carpet. The spacious primary suite offers a true retreat with dual closets, including a generous walk-in closet, and a luxurious ensuite bath complete with a grand soaking tub, perfect for unwinding after a busy day. Residents enjoy an impressive collection of resort-style amenities, including a heated outdoor saltwater pool, sauna, fitness center, game room with billiards and ping pong, a beautifully appointed banquet room with a full kitchen for entertaining, and a peaceful garden room. The HOA provides exceptional value by covering gas, high-speed internet, water, sewer, trash, snow removal, landscaping, exterior maintenance, common area upkeep, and building insurance. Convenience continues with a premium garage parking space located just steps from the tower entrance, eliminating long walks to your vehicle. A large private storage area provides plenty of room for seasonal gear and extra belongings. Whether you're seeking a vibrant downtown lifestyle, a walkable commute to work, easy access to Salt Lake City's renowned dining and entertainment scene, proximity to the University of Utah, or a quick trip to Salt Lake City International Airport, this remarkable condo offers the perfect blend of comfort, convenience, amenities, and value. Don't miss your opportunity to own one of downtown's best-kept secrets.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; High Rise
Stories
1
Subdivision
ZION SUMMIT CONDM
County
Salt Lake
Zoning
Single-Family
Construction
Brick,Composition,Concrete
Lot Size
0.01 sq ft
Above Grade Area
1,075 sq ft
Condition
Blt./Standing
MLS #
2172642
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; High Rise
Stories
1
Subdivision
ZION SUMMIT CONDM
County
Salt Lake
Zoning
Single-Family
Construction
Brick,Composition,Concrete
Lot Size
0.01 sq ft
Above Grade Area
1,075 sq ft
Condition
Blt./Standing
MLS #
2172642
List Price
$415,000
HOA Fees
$640
Annual Taxes
$2,144
Home Warranty
No
List Price
$415,000
HOA Fees
$640
Annual Taxes
$2,144
Home Warranty
No
Heating
Forced Air,Gas: Central,Hot Water
Cooling
Central Air
Roof
Composition
Flooring
Carpet,Laminate,Tile
Basement
None
Materials
Brick,Composition,Concrete
Appliances
Microwave,Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Heating
Forced Air,Gas: Central,Hot Water
Cooling
Central Air
Roof
Composition
Flooring
Carpet,Laminate,Tile
Basement
None
Materials
Brick,Composition,Concrete
Appliances
Microwave,Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Garage Spaces
1
Covered Spaces
1
Total Parking
1
Garage Spaces
1
Covered Spaces
1
Total Parking
1
$587,500
-29% vs median
41 days
744
$11,000 – $7,995,000
$2,144
$640/mo
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.
Your inquiry goes to the listing agent.
Fast Response
Typically within 2 hours during business hours
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
75/100
vs Similar Homes
14% below
vs Market Median
4% above
Area Growth (YoY)
-0.9%
Deal Score Breakdown
75/100 · 1 qualifying signal
Priced 14% below the median of similar listings
Priced 4% above the per-subtype city median
-0.9% year-over-year ZHVI growth in this area
LT net cashflow -$2,011/mo (-57.4% return on ownership cost) · STR net cashflow -$2,556/mo (-72.9% 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
$1,699/mo
Range: $1,424 – $1,974
Net Monthly Cash Flow
−$2,011 /mo (−$24,126/yr)
Monthly rental income
Monthly ownership cost
Coverage
49%
Net /mo
−$2,011
DSCR
0.70
Est. Annual Revenue
$16,270/yr
$384/night · 39% occupancy · $133/bedroom · $0.41/sqft
Net Monthly Cash Flow
−$2,556 /mo (−$30,668/yr)
Monthly STR income
Monthly ownership cost
Coverage
39%
Net /mo
−$2,556
DSCR
0.44
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Daryn Edmunds - High Road Properties

Salt Lake City Real Estate Broker Focused on Pricing, Positioning, and Results

Salt Lake City Specialist Driving Smart Home Deals
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