ActiveResidential · sale

1141 S OAK LEAF

Springville, UT 84663

$4,350,000

  • 7 beds
  • 5 baths
  • 8,785 sq ft
  • 8.73 acres
  • Built 1997

Listed by Territory Land Real Estate · MLS #2162392

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1141 S OAK LEAF, Springville, UT 84663 · MLS #2162392

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A FEW THINGS TO NOTICE

What stands out.

Details worth a look

Beautiful gathering area leads out to a private patio with an outdoor kitchen, fireplace, sauna, hot tub, and fire pit.

Year built

Built in 1997.

Garage parking

5 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

How would you like wild turkeys, deer and elk wander by as you look out the window? The Phoenix at #HobbleCreek in #SpringvilleUtah. This masterpiece has been completely renovated. Down to the studs. It was in the #ParadeofHomes 2023. Crisp #mountain air. You will feel the ZEN as you step foot on the property, but then when you walk thru the door, it permeates...Peace. Healing. Beauty. Calm. This is a very special place. There are really too many beautiful finishes to name them all, but here are a few: You approach the home on radiant heated paver walkways and driveway. The grand entrance is graced with a stunning Bronze sculpture of a phoenix, after which the home is named for: "The Phoenix at Hobble Creek". Rough timbers welcome you in. Gorgeous views of the scenery from every window. The den and the dining look out onto the Pheonix and the valley. Beautiful gathering area leads out to a private patio with an outdoor kitchen, fireplace, sauna, hot tub, and fire pit. The property reaches up very high as you look up to a gorgeous rock formation (your very own 'hole in the rock!'), and then it extends down to the creek and even across at some points. A CREEK RUNS THROUGH IT. The kids will be gone all day. Collect golf balls and fish from your own property! Plenty of parking for parties! Parking for 22+/- cars. ADU/apartment with an outside entrance and conservatory. Even you own ELEVATOR for easy access to all three levels! Theater room & bunk room for fun sleepovers or just throw all the kids in there!! and basement kitchen with basement entrance and access to new additional garage under the Phoenix. This lower garage was excavated and added at the time of renovation. There is a cutting edge water filtration system for the whole house. The Primary suite has a fireplace and two walk-in closets and a lovely sitting area. It is on the main level with a door out to the jacuzzi and the sauna. Timeless yet rustic yet elegant yet cozy. Hard to envelope all of these vibes into one home. ASK ABOUT SELLER FINANCE TERMS

THE NEIGHBORHOOD

Explore the location.

1141 S OAK LEAF, Springville, UT 84663

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LOCAL MARKET CONTEXT

Utah County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$518,355Up 3.2% vs. the previous 12 months
Months of supply3.912-month average
Days on market6512-month weighted average

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1997
Full baths
4
Half baths
1
Garage spaces
5
Cooling
Central Air
Heating
Forced Air,Gas: Central,>= 95% efficiency,Radiant Floor
Appliances
Dryer,Gas Grill/BBQ,Microwave,Range Hood,Refrigerator,Washer,Water Softener Owned
Flooring
Carpet,Hardwood,Tile
Utilities
Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected
Accessibility
Accessible Elevator Installed,Single Level Living
Pool
No
Spa
No
Subdivision
MEADOWS AT HOBBLE CREEK
Zoning
Single-Family
Parcel
46-367-0018
HOA fee frequency
Annually
Elementary school
Brookside
Middle school
Springville Jr
High school
Springville
Annual property tax
$10,000.00
HOA fee
$1.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$12,278.67
Estimated monthly rent$18,125.00
Cap rate3.64%

Annual operating income: $158,219.04

HOA: Includes $0.08 per month in HOA dues, converted from the $1.00 annual fee reported by the listing source.

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Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

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  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #2162392 · Utah Real Estate MLS

Listing brokerage: Territory Land Real Estate
Listing agent: Sharee M Killpack

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

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.