Score
0Millcreek, UT
2830 E Louise Ave
663K
4 beds
1 baths
828 sqft
4 bd • 1 ba • 828 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
$662,700
Price/Sq.Ft
$800
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 2830 E Louise Ave, Millcreek, UT 84109 boasts an excellent location in a desirable area with a median income of $109,926, indicating a stable and affluent neighborhood. The lot features mature trees and landscaping, providing natural shade and aesthetic appeal. At 828 sqft, the home offers a compact, potentially energy-efficient living space. The 4-bedroom layout in a small footprint suggests efficient use of space, which could appeal to those seeking a minimalist lifestyle or looking to maximize rental potential. The price of $662,700 translates to $800.36/sqft, which, while high, may reflect the property's location value and potential for expansion or redevelopment.
The Bad
The property's size of 828 sqft is significantly smaller than typical 4-bedroom homes, which may feel cramped for many families. With only one bathroom for four bedrooms, the layout is highly unusual and potentially inconvenient for a family or multiple occupants. The lack of detailed information about the year built, property features, and utilities suggests potential hidden issues or outdated systems that could require significant investment. The price per square foot of $800.36 is exceptionally high for the area, potentially indicating overpricing or unique circumstances not evident from the available data.
The Ugly
The extreme disparity between the number of bedrooms (4) and bathrooms (1) raises serious concerns about the property's layout and functionality. This imbalance could severely impact daily living and potentially limit the property's appeal and value. The lack of information about the year built and property features suggests the home might be very old or in poor condition, potentially requiring extensive renovations or even a complete rebuild to meet modern standards. The high price of $662,700 for such a small home (828 sqft) with these limitations indicates a potential market bubble or unrealistic seller expectations, which could lead to difficulties in financing or future resale.
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Original
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 might be best suited for:
1. Investors looking for a redevelopment opportunity in a desirable area, potentially to tear down and rebuild or extensively renovate.
2. Small families or individuals who prioritize location over space and are willing to invest in significant renovations.
3. Buyers interested in a minimalist lifestyle who value location and are comfortable with compact living spaces.
4. Real estate developers who see potential in the lot for multi-unit development, subject to local zoning laws.
Not For
This property is not suitable for:
1. Large families requiring spacious living areas and multiple bathrooms.
2. Buyers seeking a move-in ready home without the need for major renovations.
3. Individuals looking for a typical 4-bedroom home with standard amenities.
4. First-time homebuyers or those with limited budgets, given the high price and potential renovation costs.
5. Investors looking for immediate rental income without significant upfront investment.
Demographics
Area Median Income
$109,926
Property History
Price History
Ownership Timeline
$0Cash Purchase
Feb 14, 2022Clayton FarrClayton Randall Farr, Vennette Diane Farr
Intrafamily Transfer
Non-Arm's Length Transactions
$0Financed
May 19, 2016Clayton R Farr, Vennette D FarrClayton Randall Farr, Vennette Diane Farr
Intrafamily Transfer
Non-Arm's Length Transactions
$0Financed
Aug 5, 2004Matthew E Dellos, Marcy L DllosClayton R Farr, Vennett D Farr
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Nov 18, 2003Matthew E DellosMatthew E Dellos, Marcy L Dellos
Intrafamily Transfer
Non-Arm's Length Transactions
$0Financed
Feb 5, 2003Ronald Parkinson Snarr, Trust BMatthew E Dellos
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Feb 4, 2003Barbara Snarr Reid, Stanley Snarr Family Revocable TrustBarbara Snarr Reid, Ronald Parkinson Snarr
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Dec 14, 1993Stanley Snarr, Virginia P SnarrStanley Snarr
Quit Claim Deed
Non-Arm's Length Transactions
Sunlight Analysis
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Sunlight Analysis
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Risk Assessment
Risk Analysis
1. Overvaluation risk: The price per square foot ($800.36) is exceptionally high, which could lead to financing challenges and future resale difficulties.
2. Renovation costs: Given the unusual layout and lack of information, extensive renovations may be necessary, potentially costing hundreds of thousands of dollars.
3. Zoning and permit issues: Any major renovations or redevelopment plans may face challenges with local zoning laws and building permits.
4. Market volatility: The high price point makes the property vulnerable to market downturns, potentially leading to negative equity.
5. Structural issues: The lack of information about the year built and features suggests potential hidden structural problems that could be costly to address.
6. Financing challenges: Traditional lenders may be hesitant to finance a property with such unusual characteristics, potentially requiring alternative financing methods.
7. Resale difficulties: The unique and potentially impractical layout may significantly limit the pool of future buyers, affecting long-term value and liquidity.
Cost & Affordability
Monthly Costs
Breakdown of estimated monthly expenses for this property
Monthly Payment
$0
* Estimated at 1% of home value annually. Actual costs may vary.
Not Included in Estimate
• Utilities (electricity, gas, water, internet)
• Home improvements and upgrades
• Landscaping and yard maintenance
• Pest control and home services
• Emergency repairs and replacements
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20.0% of purchase price
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$663 monthly
$83 monthly
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Financials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow®$2,700
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