476 200, Springville, UT 84663
3BD/—BA Residential in Springville, UT 84663. 1,231 sqft. Built 2008. Listed at $299,900. MLS #2136334.
3BD/—BA Residential in Springville, UT 84663. 1,231 sqft. Built 2008. Listed at $299,900. MLS #2136334.
$299,900
Originally listed at $369,900
**BACK ON THE MARKET - BUYER'S FINANCING FAILED - HUGE PRICE IMPROVEMENT!**This is it! Whether you're looking for a first home or a solid investment, this property checks all the boxes and has been tenant occupied until March 1st - was generating $1,800 per month in rental income. This beautiful mid-level luxury condo offers refined living in a highly sought-after central Springville location. Enjoy easy access to nearby parks, scenic river trails, shopping, schools, fitness centers, and a variety of dining options. The interior features granite countertops, stainless steel appliances with a gas range, tile floors, a dedicated laundry space, spacious bedrooms with a private master suite, and mountain views from the balcony, plus an additional storage closet. You won't want to miss out on this one!
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Middle Level
Stories
1
Subdivision
GRASSLANDS
County
Utah
Construction
Stone,Stucco
Lot Size
0.03 sq ft
Above Grade Area
1,231 sq ft
Condition
Blt./Standing
MLS #
2136334
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Middle Level
Stories
1
Subdivision
GRASSLANDS
County
Utah
Construction
Stone,Stucco
Lot Size
0.03 sq ft
Above Grade Area
1,231 sq ft
Condition
Blt./Standing
MLS #
2136334
List Price
$299,900
Original Price
$369,900
HOA Fees
$220 / Monthly
Annual Taxes
$1,639
Home Warranty
No
List Price
$299,900
Original Price
$369,900
HOA Fees
$220 / Monthly
Annual Taxes
$1,639
Home Warranty
No
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
None
Materials
Stone,Stucco
Appliances
Ceiling Fan,Dryer,Microwave,Refrigerator,Washer
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
None
Materials
Stone,Stucco
Appliances
Ceiling Fan,Dryer,Microwave,Refrigerator,Washer
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Covered Spaces
1
Total Parking
2
Covered Spaces
1
Total Parking
2
Why this is a deal
Classification
Motivated SellerDeal Score
93/100
vs Market Median
7% below
Price Reduced
18.9%
Area Growth (YoY)
2.8%
Deal Score Breakdown
93/100 · 2 qualifying signals
19% price reduction from original list — seller may be motivated
Priced 7% below the per-subtype city median
2.8% year-over-year ZHVI growth in this area
LT net cashflow -$524/mo (-23.2% return on ownership cost) · STR net cashflow -$1,096/mo (-48.5% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Not enough comparable listings
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
$1,975/mo
Range: $1,225 – $2,724
Net Monthly Cash Flow
−$524 /mo (−$6,287/yr)
Monthly rental income
Monthly ownership cost
Coverage
87%
Net /mo
−$524
DSCR
1.15
Est. Annual Revenue
$19,983/yr
$283/night · 41% occupancy · $114/bedroom · $0.17/sqft
Net Monthly Cash Flow
−$1,095 /mo (−$13,136/yr)
Monthly STR income
Monthly ownership cost
Coverage
74%
Net /mo
−$1,096
DSCR
0.77
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
11
Available Providers
$432,000
-31% vs median
42 days
106
$199,500 – $38,000,000
$1,639
$220/monthly
Low Crime
7.7
per 1,000
16.1
per 1,000
7.5
per 1,000
31.3
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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