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87 N Loafer Canyon Rd, Elk Ridge, UT 84651

40 photos
$748,000
87 N Loafer Canyon Rd
Elk Ridge, UT 84651
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Bedrooms

5

Bathrooms

3 (3 full)

Square Feet

3,560

Acres

0.08

Year Built

1996

Garage Space

2

Property Type

Residential

Days on Market

42

Property Highlights

MOTIVATED SELLER! Large Price Reduction! Don't miss this country living at the edge of the city! This property features 0.86 acres with livestock corrals and plenty of landscape to host summer fire pit gatherings. The home features 5 bedrooms with 3 full baths at 3558 square feet. The kitchen has an open floor plan for those friend and family gatherings. The HVAC system has separate controls for the upper and lower living spaces for your comfort. The master suite and one guest bedroom have balconies overlooking the property. Wildlife and panoramic views are throughout the Elk Ridge area. Drive up Loafer Canyon Road for more mountain scenery. Bring offer!

Property Features

Cooling:

Central Air

Appliances:

Ceiling Fan, Microwave, Range Hood

Flooring:

Carpet, Hardwood, Tile

Heating:

Forced Air, Gas: Central

Rooms:

18

Utilities:

Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected

Living Area:

3560

Accessibility:

Accessible Electrical and Environmental Controls, Single Level Living

Subdivision:

Loafer Canyon

Schools

Elementary School:

Mt Loafer

Jr/High Middle School:

Salem Jr

High School:

Salem Hills

Property Management Analysis for 87 N Loafer Canyon Rd*

Are you looking for an investment property? Wondering what a property like this might rent for in this market? Here is an estimate of what this property will rent for per month.
Are you searching for an investment property that matches your financial objectives? Interested in the possible rental income it could produce in the current market? Through proficient property management, we have estimated the monthly rental revenue for this property.
We estimate that this property will rent for about $2,961 per month.*
This valuable information will assist you in making informed decisions about your property investments. Property Management involves the daily oversight of residential, commercial, or industrial real estate by a third-party company. Property managers play a crucial role in maintaining the value of the property while generating income. It’s essential to understand your property management responsibilities when considering an investment property. By hiring us as the best property management company, we can help you maximize your real estate investment.
Find out more information about ERA Property Management services!
Property Services
$2,493
Low
$2,961
Estimate
$3,304
High
*Rental estimate is automatically generated and may not be representative of actual performance. Access the latest real estate market trends and more here: https://erabrokers.com/research
It is important to conduct thorough market research, property inspection, and evaluation of potential expenses and risks before investing in any property. Real estate investments carry inherent risks, and it is essential to consult with professionals such as real estate agents, property managers, and financial advisors to make informed decisions. This estimate is a starting point in determining the monthly rental price for a specific property. Rental restrictions may apply for this home. It is the buyer's obligation to verify rental availability and details.
The rental real estate market outlook for 84651 appears to be promising. Located in the heart of Payson, Utah, this area boasts a growing population and an expanding economy. With its close proximity to major cities like Provo and Salt Lake City, 84651 offers a convenient living option for individuals who work in these areas but prefer a quieter suburban lifestyle. The demand for rental properties in this zip code has been consistently rising, making it an attractive investment opportunity for real estate investors. Additionally, the area is known for its excellent schools, parks, and recreational facilities, making it an appealing option for families and young professionals. With all these factors in mind, it can be expected that the rental real estate market in 84651 will continue to flourish in the coming years.

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Payment Calculator

$

30 years fixed

7%

Monthly Payment
$3,981
This calculator is meant for estimates only. The loan amount defaults to 80% of the listing price (assuming a 20% down payment). Contact a loan professional for the most accurate information and interest rates.

Related Listings

Listing by: Sven K. Nelson
Real Estate Exchange, Inc.
MLS #: 2076358
Buyers Agent Compensation: Not specified
Listing Date: 4/9/2025
Last Updated: 5/21/2025
Views: 1
Saved: 0
Data sourced from Utah Real Estate MLS.
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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