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387 N LOAFER RD, Elk Ridge, UT 84651
387 N LOAFER RD, Elk Ridge, UT 84651
Type
SFR
List Price
$990,000
Price/Sqft
$214
Est Gross Yield
2.8%
$27,660/yr est.
Traditional farmhouse style with the hard-to-find combination of privacy, square footage, potential multi-family living, and a large .925-acre lot. With a tree & brush covered hill behind you where you can watch wildlife (turkeys, deer and other animals) as well as wildlife across the road from the front of the house and up the hill, you will enjoy the unmatched privacy of living in Loafer Canyon. At nearly an acre, you can BRING YOUR HORSES TOO. Home has a family room on each of the 3 levels, insuring plenty of room to gather and relax. A 2nd basement kitchen, basement laundry hook ups, and basement entrance offer a potential ADU (see Elk Ridge City for requirements). 5 bedrooms but potential for more. There is also an office (being used as a classroom) and a formal living room on the main floor. The upstairs family room (being used as a bedroom), has a built-in playhouse and a large built-in storage closet. Many storage closets throughout. Yoou'll be hard pressed to run out of hot water with double water heaters. Stay cozy in winter with a gas fireplace in the downstairs living room. 9 foot ceilings on the main level give it a spacious feel. The oversized garage with a pull-through shop area and rear garage door lead to a fully fenced backyard. There are raised bed gardens and a large in-ground garden. Automatic sprinklers make watering the apple trees, peach tree, strawberries, blackberries, raspberries and the rest of your garden easy. Relax on the rear deck or the pea gravel picnic area. Hillside trails, a deep rustic sandbox, basketball standard, and a wood chip area for playground equipment add enjoyment for little ones. Plenty of parking for your family and guests. Newer large Lifetime storage shed included. Square footage is from county records. Spacious kitchen with pull out drawers in pantry area, two laundry rooms, huge master suite with huge master bather featuring double basin vanity, large shower, separate jetted tub and large walk-in closet. Walk-out basement. Dual heating systems and dual A/C units plus a water softening system. Great room is wired for surround sound and wired for outside speakers. You've got to see this one.
Listed by Charles T Wixom · Charles Wixom Realty
387 N LOAFER RD, Elk Ridge, UT 84651
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Cap Rate
1.86%
Cash-on-Cash
-7.52%
Cash Flow
-$2,325/mo
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