ActiveResidential · sale

4427 S PAN AMERICAN DR #241

Salt Lake City, UT 84107

$130,000

  • 3 beds
  • 2 baths
  • 1,056 sq ft
  • 0.01 acres
  • Built 1980

Listed by Distinction Real Estate · MLS #2166841

A FEW THINGS TO NOTICE

What stands out.

Living spaces

The kitchen comes complete with stainless steel appliances, and yes - the washer, dryer, and mounted living room TV are all staying, making this truly move-in ready.

Details worth a look

There's also a covered back patio area, a small covered porch off the carport, and a separate shed for extra storage.

Year built

Built in 1980.

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

THE PROPERTY

Get to know the property.

Tucked away just off State Street in the heart of the Salt Lake City/Murray area, this home in Cottonwood Cove gives you that hard-to-find mix of peaceful living, friendly neighbors, and convenience all wrapped into one. This gated 55+ community is quiet, well cared for, and full of charm with mature trees, a clubhouse, pool, extra guest parking, and a large grassy area perfect for relaxing, visiting with friends, or enjoying a summer evening outside. You may even catch the geese wandering through from time to time - just one more thing that makes this community feel warm and welcoming instead of rushed and crowded. The monthly lot fee is $1,050, and there is also an OPTIONAL social club/HOA for only $15 per month if you'd like to join in on additional community activities and gatherings. Financing is available through 21st Mortgage Company for qualified buyers. From the moment you pull up, this home just feels inviting. The large covered front porch shaded by a mature tree is the kind of spot where you can sit with your morning coffee, wave to neighbors passing by, or unwind after a long day. There's also a covered back patio area, a small covered porch off the carport, and a separate shed for extra storage. Inside, you'll find a bright and comfortable layout with window coverings throughout, decorative lighting, floating shelves, built-in dining room storage, and ceiling fans in every room. The kitchen comes complete with stainless steel appliances, and yes - the washer, dryer, and mounted living room TV are all staying, making this truly move-in ready. The movable island gives you flexibility whether you're hosting family, cooking dinner, or just needing a little extra counter space. The spacious primary suite offers plenty of storage along with a private en suite bathroom featuring a tub/shower combo and grab handles for added comfort and accessibility. This home has that "easy living" feeling people are looking for - comfortable, welcoming, and centrally located near shopping, restaurants, hospitals, and everyday conveniences. What more could you ask for? Come take a look and see why so many people love calling Cottonwood Cove home. The First bedroom has a glass door can be a bedroom or office/den complete with Lux Coffered ceiling. Beautiful sparkly lighting fixtures, 2 FULL bathrooms! Newer roof, air, furnace and appliances to give you peace of mind. Less than 2 2/1 years old and well maintained.

THE NEIGHBORHOOD

Explore the location.

4427 S PAN AMERICAN DR #241, Salt Lake City, UT 84107

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1980
Full baths
1
Cooling
Central Air
Heating
Forced Air,Gas: Central
Appliances
Ceiling Fan,Portable Dishwasher,Dryer,Microwave,Range Hood,Refrigerator,Washer
Flooring
Laminate
Utilities
Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected
Accessibility
Grip-Accessible Features,Single Level Living
Parking
Common RV Parking
Pool
No
Spa
No
Subdivision
COTTONWOOD COVE
Zoning
Single-Family
Parcel
01-00-000-010
HOA amenities
Clubhouse,RV Parking,Gated,Pool
HOA fee frequency
Monthly
Elementary school
McMillan
Middle school
Hillcrest
High school
Murray
Annual property tax
$250.00
HOA fee
$15.00

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$362.59
Estimated monthly rent$541.67
Cap rate3.60%

Annual operating income: $4,676.03

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

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

See its potential.
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.

    Review rental pricing, property condition and your ownership goals with a local professional.

  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
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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4427 S PAN AMERICAN DR #241, Salt Lake City, UT 84107 · MLS #2166841

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Listing information

MLS #2166841 · Utah Real Estate MLS

Listing brokerage: Distinction Real Estate
Listing agent: Mary Roe

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.