71 COLEMAN, Tooele, UT 84074
5BD/—BA Residential in Tooele, UT 84074. 3,052 sqft. Built 1958. Listed at $525,000. MLS #2149739.
5BD/—BA Residential in Tooele, UT 84074. 3,052 sqft. Built 1958. Listed at $525,000. MLS #2149739.
This exceptional horse property presents a rare opportunity for investors and visionaries alike. This home is situated within a mile of the library, city pool, park, and schools as well as Tooele Technical College. The property includes three valuable water shares and offers the possibility of subdividing into three separate lots, creating multiple avenues for future development, resale, or long-term income. The existing home has six exterior entrances providing a highly adaptable footprint-ideal for reconfiguration into multigenerational housing, rental opportunities, or a custom estate with the option of additional income-producing features. This is a true restoration project requiring a full remodel, making it best suited for experienced investors or buyers seeking to unlock significant upside potential. Opportunities of this scale and versatility are rare-bring your vision and capitalize on the full potential this distinctive property has to offer. There was a full roof replacement in 2017. Schedule a showing and bring your imagination with you! Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement. Subdividing remarks based on minimum lot requirements for the zone provided by the city. Buyer will need to verify with the city that they will be allowed to subdivide, if they do plan to purchase with the intent on subdividing.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
County
Tooele
Zoning
Single-Family
Construction
Brick,Cinder Block,Stucco
Lot Size
1.28 sq ft
Above Grade Area
1,526 sq ft
Condition
Blt./Standing
MLS #
2149739
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
County
Tooele
Zoning
Single-Family
Construction
Brick,Cinder Block,Stucco
Lot Size
1.28 sq ft
Above Grade Area
1,526 sq ft
Condition
Blt./Standing
MLS #
2149739
List Price
$525,000
Original Price
$600,000
Annual Taxes
$2,706
Home Warranty
No
List Price
$525,000
Original Price
$600,000
Annual Taxes
$2,706
Home Warranty
No
Heating
Gas: Stove
Roof
Asphalt
Flooring
Carpet,Hardwood,Laminate,Linoleum
Basement
Daylight,Full,Walk-Out Access
Materials
Brick,Cinder Block,Stucco
Appliances
Ceiling Fan,Dryer,Microwave,Range Hood,Refrigerator,Washer
Water Source
Culinary,Irrigation: Pressure,Shares
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Gas: Stove
Roof
Asphalt
Flooring
Carpet,Hardwood,Laminate,Linoleum
Basement
Daylight,Full,Walk-Out Access
Materials
Brick,Cinder Block,Stucco
Appliances
Ceiling Fan,Dryer,Microwave,Range Hood,Refrigerator,Washer
Water Source
Culinary,Irrigation: Pressure,Shares
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Covered Spaces
2
Total Parking
12
Covered Spaces
2
Total Parking
12
Why this is a deal
Classification
Standard
Deal Score
83/100
vs Similar Homes
19% above
vs Market Median
30% above
Price Reduced
12.5%
Area Growth (YoY)
7.1%
Deal Score Breakdown
83/100 · 2 qualifying signals
13% price reduction from original list — seller may be motivated
7.1% year-over-year ZHVI growth in this area
Priced 19% above the median of similar listings
Priced 30% above the per-subtype city median
STR net cashflow -$2,333/mo (-65.3% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
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
Est. Annual Revenue
$21,235/yr
$111/night · 57% occupancy · $55/bedroom · $0.06/sqft
Net Monthly Cash Flow
−$2,332 /mo (−$27,988/yr)
Monthly STR income
Monthly ownership cost
Coverage
50%
Net /mo
−$2,333
DSCR
0.47
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$415,800
+26% vs median
63 days
146
$273,000 – $1,200,000
$2,706
Moderate
15.1
per 1,000
27.3
per 1,000
10.9
per 1,000
53.3
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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Devin Tanner - Utah Realtor

Daryn Edmunds - High Road Properties

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