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290 N MARGARETHE LN, Salt Lake City, UT 84108
290 N MARGARETHE LN, Salt Lake City, UT 84108
Type
SFR
List Price
$1.20M
Price/Sqft
$342
Est Gross Yield
2.8%
$33,696/yr est.
For authentic mid-century modern living in the mountains, nothing compares to this 1966 architect-designed residence in Emigration Canyon. Tucked into a hillside on an acre of land surrounded by mature trees, the setting is private and serene, sheltered from road noise yet just minutes from city life. Inside, the home is bathed in natural light with endless mid-century details: a double-sided concrete fireplace joining the great room to the dining area and kitchen, vaulted ceilings with wrapped beams throughout the main level, German cabinetry, cedar-clad bathroom walls, and abundant solid oak details. The main-level primary suite has two closets, an attached sunroom, a sauna, and a private deck. Also on the main level is a second family room, originally two guest bedrooms, with a full bath nearby. Downstairs, a separate entrance offers the potential for a mother-in-law apartment but is currently configured as a family room with attached laundry room and a guest suite with private patio and a jetted soaking tub that overlooks the natural landscaping. The layout is timelessly functional, with abundant storage, an excellent use of space, and seamless connections to multiple outdoor living areas. Other features include a two-car garage with workshop, additional covered parking, water softener, new boiler, new water heater, and combination of in-floor and baseboard radiant heating. When you live in Emigration Canyon, you get to enjoy a true mountain lifestyle, with access to backcountry skiing and and some of the best hiking, mountain biking, and cycling in the area. You are also just up the road from the University of Utah, Research Park, Rowland Hall, and downtown Salt Lake City, and have convenient access to I-80 for the airport, nearby ski resorts, and Mountain Dell Golf Course.
Listed by Mitchell Finlinson · Summit Sotheby's International Realty
290 N MARGARETHE LN, Salt Lake City, UT 84108
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Cap Rate
1.87%
Cash-on-Cash
-7.49%
Cash Flow
-$2,809/mo
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