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987 S 480 E photo 11 / 56
Single Family

$729,900

Reduced from $749,500 · 2 days ago

987 S 480 E, Nephi, UT 84648

Type

SFR

List Price

$729,900

Price/Sqft

$198

Est Gross Yield

3.2%

$23,040/yr est.

Property Details

Property typeSingle Family
Year built2020
Total units1
Living area3,685 sqft
Bedrooms7
Bathrooms3
Lot size0.31 acres
Parking4 spaces
Days on market131
Listed2026-04-16T00:00:00+00:00

Description

Back on the market after a Seller reprieve....This home offers exceptional space, functionality, and thoughtful design throughout. Upon entry, you're welcomed by an open floor plan with vaulted ceilings, creating a bright and inviting atmosphere. The main living area features beautiful LVP flooring and flows seamlessly into a stunning kitchen complete with a large pantry-perfect for everyday living and entertaining. The primary suite includes a newly remodeled bathroom, offering updated finishes and a fresh, modern feel. The fully finished, custom basement significantly expands the living space, offering an additional four bedrooms and one bathroom, for a total of seven bedrooms and three bathrooms. The lower level also includes a spacious game room/family room, dedicated toy room, and a second laundry area for added convenience. Outside, the property is beautifully landscaped with a backyard designed for enjoyment, featuring a large patio area, an attractive block retaining wall, and a 8-foot privacy fence. A standout feature is the 1,000 sq ft shop, designed to match the home, offering two garage doors for additional parking, workspace, and abundant storage.

Listed by Kerry Anderson · Equity Real Estate (Prosper Group)

Location

987 S 480 E, Nephi, UT 84648

Proforma

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Cap Rate

2.10%

Cash-on-Cash

-6.87%

Cash Flow

-$1,568/mo

Purchase Price$729,900
Down Payment35% ($255,465)
Interest Rate6.00%
Monthly Rent$1,920/mo
Vacancy5%
Expense Ratio30% ($6,566)

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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 8/25/2026, 6:11:04 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.