500 800, Springville, UT 84663
5BD/—BA Residential in Springville, UT 84663. 2,826 sqft. Built 1956. Listed at $650,000. MLS #2153138.
5BD/—BA Residential in Springville, UT 84663. 2,826 sqft. Built 1956. Listed at $650,000. MLS #2153138.
*Potential Monthly Mtg payment of $2,100/month on this Beautifully remodeled home on Springville's east bench!* Perfectly suited for owner-occupiers or investors with an active fully furnished Airbnb/VRBO operating from the finished basement - a turnkey way to enter the vacation rental market. There is a financial history showing 25-27k each year in income! This could also be used as a Mother-In-Law apartment or for multi-generational living. Perched on a .4-acre terraced mountainside lot, the property offers incredible valley and mountain views and plenty of outdoor space for playing, entertaining, or watching deer wander through the peaceful, quiet neighborhood. Inside, a large, highly functional kitchen and a spacious living room with a big front window and welcoming front porch make sunset-watching effortless, while bathrooms showcase higher-end finishes for a luxurious feel. The home is move-in ready with almost all plumbing and electrical replaced, roof updated in 2019 when solar was installed, new water heater in 2023 and AC was replaced in 2018. Properties with this kind of potential don't come around often. Make your appointment to see this one today! Square footage figures are provided as a courtesy estimate only and were obtained from County records. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
GRASS
County
Utah
Zoning
Single-Family, Short Term Rental Allowed
Construction
Brick
Lot Size
0.4 sq ft
Above Grade Area
1,476 sq ft
Condition
Blt./Standing
MLS #
2153138
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
GRASS
County
Utah
Zoning
Single-Family, Short Term Rental Allowed
Construction
Brick
Lot Size
0.4 sq ft
Above Grade Area
1,476 sq ft
Condition
Blt./Standing
MLS #
2153138
List Price
$650,000
Original Price
$675,000
Annual Taxes
$2,900
Home Warranty
No
List Price
$650,000
Original Price
$675,000
Annual Taxes
$2,900
Home Warranty
No
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Asphalt,Pitched
Flooring
Carpet,Laminate,Tile
Basement
Full,Walk-Out Access
Materials
Brick
Appliances
Ceiling Fan,Microwave,Range Hood,Refrigerator
Laundry
Electric Dryer Hookup
Patio & Porch
Patio: 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,Pitched
Flooring
Carpet,Laminate,Tile
Basement
Full,Walk-Out Access
Materials
Brick
Appliances
Ceiling Fan,Microwave,Range Hood,Refrigerator
Laundry
Electric Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Covered Spaces
0
Total Parking
6
Covered Spaces
0
Total Parking
6
Classification
Standard
Deal Score
45/100
vs Similar Homes
6% above
vs Market Median
24% above
Price Reduced
3.7%
Area Growth (YoY)
4.5%
Deal Score Breakdown
45/100
4% price reduction from original list — seller may be motivated
4.5% year-over-year ZHVI growth in this area
LT net cashflow -$916/mo (-21.1% return on ownership cost) · STR net cashflow -$1,971/mo (-45.3% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 6% above the median of similar listings
Priced 24% above the per-subtype city median
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
$3,899/mo
Range: $1,737 – $6,062
Net Monthly Cash Flow
−$916 /mo (−$10,996/yr)
Monthly rental income
Monthly ownership cost
Coverage
90%
Net /mo
−$916
DSCR
1.06
Est. Annual Revenue
$40,743/yr
$284/night · 41% occupancy · $113/bedroom · $0.17/sqft
Net Monthly Cash Flow
−$1,971 /mo (−$23,653/yr)
Monthly STR income
Monthly ownership cost
Coverage
78%
Net /mo
−$1,971
DSCR
0.73
School District
Nebo
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
11
Available Providers
$487,100
+33% vs median
55 days
103
$207,500 – $38,000,000
$2,900
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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