645 ARTS PARK, Springville, UT 84663
8BD/—BA Residential in Springville, UT 84663. 5,023 sqft. Built 2023. Listed at $1,375,000. MLS #2148174.
8BD/—BA Residential in Springville, UT 84663. 5,023 sqft. Built 2023. Listed at $1,375,000. MLS #2148174.
Beautiful newer home on a large lot with numerous custom features. The home is directly across the street from the Spring Acres Arts Park and within close walking distance to Springville High School. The kitchen, living, and dining area work together in an open layout for a big, beautiful gathering area. The home also features a three bedroom, two bathroom basement apartment with a master bedroom and a similarly open and spacious layout. Here are a few other features of the home: large basketball court; in-ground trampoline; bordered by a hill on one side and a year-round brook on the other, with an extra tall privacy fence in the back; garden area; large outdoor patios; custom fireplace; custom, built-in shelves; auxiliary food prep area off the main kitchen; high-end CAF appliances (fridge, stove, dishwasher); office area with custom shelving; vaulted woodplank ceilings; main floor living with a master bedroom, kitchen, etc. on the main floor. There is a fenced, off-street parking area. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
SPRING TERRACE
County
Utah
Zoning
Single-Family
Construction
Brick,Composition
Lot Size
0.45 sq ft
Above Grade Area
3,145 sq ft
Condition
Blt./Standing
MLS #
2148174
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
SPRING TERRACE
County
Utah
Zoning
Single-Family
Construction
Brick,Composition
Lot Size
0.45 sq ft
Above Grade Area
3,145 sq ft
Condition
Blt./Standing
MLS #
2148174
List Price
$1,375,000
Annual Taxes
$5,228
Home Warranty
No
List Price
$1,375,000
Annual Taxes
$5,228
Home Warranty
No
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Laminate
Basement
Full
Materials
Brick,Composition
Appliances
Microwave,Range Hood,Refrigerator
Patio & Porch
Covered,Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Laminate
Basement
Full
Materials
Brick,Composition
Appliances
Microwave,Range Hood,Refrigerator
Patio & Porch
Covered,Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Garage Spaces
3
Covered Spaces
3
Total Parking
9
Garage Spaces
3
Covered Spaces
3
Total Parking
9
Why this is a deal
Classification
Standard
Deal Score
70/100
vs Similar Homes
65% above
vs Market Median
12% above
Area Growth (YoY)
7.4%
Deal Score Breakdown
70/100 · 1 qualifying signal
7.4% year-over-year ZHVI growth in this area
LT net cashflow -$1,620/mo (-17.7% return on ownership cost) · STR net cashflow -$6,065/mo (-66.1% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 65% above the median of similar listings
Priced 12% above the per-subtype city median
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
$8,580/mo
Range: $5,162 – $11,999
Net Monthly Cash Flow
−$1,621 /mo (−$19,454/yr)
Monthly rental income
Monthly ownership cost
Coverage
94%
Net /mo
−$1,620
DSCR
1.09
Est. Annual Revenue
$53,251/yr
$283/night · 41% occupancy · $114/bedroom · $0.17/sqft
Net Monthly Cash Flow
−$6,066 /mo (−$72,787/yr)
Monthly STR income
Monthly ownership cost
Coverage
48%
Net /mo
−$6,065
DSCR
0.45
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
11
Available Providers
$432,000
+218% vs median
42 days
108
$199,500 – $38,000,000
$5,228
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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