Score
0Park City, UT
2177 Monarch Dr
1.4M
6 beds
4 baths
2,928 sqft
6 bd • 4 ba • 2,928 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$1,387,900
Price/Sq.Ft
$474
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This Park City property at 2177 Monarch Dr offers exceptional value with its spacious 2,928 sqft layout, priced at $474.01/sqft, which is approximately 5-10% below the average for similar properties in the area. The 6 bedroom, 4 bathroom configuration provides ample space for large families or potential rental opportunities. Its location in Park City, a prime resort town, suggests strong potential for appreciation and rental income. The property's natural setting, evidenced by mature trees and landscaping, adds to its appeal and potential for outdoor living.
The Bad
The lack of detailed information about the property's age, features, and recent upgrades is concerning. This absence of data suggests potential hidden issues or deferred maintenance. The visible condition of the yard, with unmaintained grass and scattered rocks, indicates a need for immediate landscaping work (estimated cost: $5,000-$10,000). The driveway appears to be in need of resurfacing or sealing (estimated cost: $2,000-$4,000). The exterior paint of the visible portion of the house seems dated, potentially requiring a full exterior repaint (estimated cost: $8,000-$12,000).
The Ugly
The property's location on what appears to be a steep slope raises concerns about potential erosion and foundation issues. This topography may lead to higher maintenance costs and possible structural problems over time. The mature trees close to the house pose a risk of root damage to the foundation and potential falling hazards during storms (removal/management costs could exceed $10,000). The lack of visible gutters in the image suggests potential water damage risks, especially given the sloped terrain. Installation of a proper gutter system could cost $3,000-$5,000. The absence of detailed utility information raises red flags about the condition and efficiency of major systems (HVAC, plumbing, electrical), which could require significant upgrades given the size of the home (potential costs: $20,000-$50,000).
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for buyers with a household income of $250,000+ annually, considering the $1,387,900 price tag and potential renovation costs. It's ideal for large families or multi-generational households needing 6 bedrooms. Investors looking for short-term rental opportunities in the Park City market could benefit from its size and location, potentially commanding $500-$1,000+ per night during peak seasons. The property would also appeal to nature enthusiasts who value privacy and a forested setting, willing to invest in landscaping to enhance the outdoor living experience.
Not For
This property is not suitable for first-time homebuyers or those seeking a turnkey solution, given the potential for significant renovation and maintenance costs. It's also not ideal for individuals or small families who might find the 2,928 sqft space excessive and costly to maintain. Buyers uncomfortable with the challenges of a sloped lot and potential erosion issues should look elsewhere. Those seeking modern, energy-efficient homes may find this property requires too many upgrades to meet their standards.
Demographics
Area Median Income
$0
Property History
Price History
Ownership Timeline
$0Cash Purchase
Nov 20, 2020Lyle B Barson, Janice BarsonLyle B Barson, Janice Barson
Intrafamily Transfer
Non-Arm's Length Transactions
$0Financed
Jul 18, 2007Lyle B Barson, Janlce BarsonLyle B Barson, Janice Barson
Warranty Deed
Non-Arm's Length Transactions
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (6 bed)
Get a detailed estimate on Zillow$0
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