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332 E MAGELLAN LN photo 11 / 24
Single Family

$530,000

332 E MAGELLAN LN, Elk Ridge, UT 84651

Type

SFR

List Price

$530,000

Price/Sqft

$193

Est Gross Yield

5.2%

$27,660/yr est.

Property Details

Property typeSingle Family
Year built1990
Total units1
Living area2,750 sqft
Bedrooms6
Bathrooms4
Lot size0.26 acres
Parking6 spaces
Days on market2
Listed2026-07-14T00:00:00+00:00

Description

Nestled in the highly desirable community of Elk Ridge, this beautiful home offers the perfect blend of peaceful mountain living and everyday convenience. Surrounded by breathtaking views of the Wasatch Mountains and Utah Valley, you'll enjoy quiet streets, fresh mountain air, and a welcoming neighborhood that truly feels like home. Inside, you'll find a thoughtfully designed floor plan with spacious living areas, abundant natural light, and plenty of room for both everyday living and entertaining. Whether you're gathering with family, hosting friends, or simply relaxing after a long day, this home provides comfort and functionality throughout. Located just minutes from Payson and Salem, you'll have quick access to grocery stores, restaurants, shopping, schools, and everyday amenities while still enjoying the privacy and tranquility that Elk Ridge is known for. Outdoor enthusiasts will love the nearby hiking and biking trails, parks, and year-round recreation, with easy access to Loafer Mountain, Salem Pond, and countless opportunities to explore Utah's beautiful outdoors. Elk Ridge also features a growing network of parks, open space, and trails that contribute to its exceptional quality of life. If you've been searching for a home that combines stunning scenery, a family-friendly community, and convenient access to everything you need, this is one you won't want to miss.Square footage figures are provided as a courtesy estimate only and were obtained from county Record . Buyer is advised to obtain an independent measurement.

Listed by Luisa A Rueda Petersen · KW Success Keller Williams Realty

Location

332 E MAGELLAN LN, Elk Ridge, UT 84651

Proforma

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Cap Rate

3.47%

Cash-on-Cash

-3.22%

Cash Flow

-$533/mo

Purchase Price$530,000
Down Payment35% ($185,500)
Interest Rate6.00%
Monthly Rent$2,305/mo
Vacancy5%
Expense Ratio30% ($7,883)

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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.

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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 7/16/2026, 9:45:12 AM. 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. Listing data provided by UtahRealEstate.com.