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551 E Elm Ave, Salt Lake City, UT, 84106

2beds
1baths
1,047sqft
$419,900
$401price/sqft
$2,699/moest. monthly cost
$107,960/yrincome needed

About This Home

Charming cottage on a beautiful tree-lined street! This home blends classic character with thoughtful, modern updates. Features a bright, open floor plan, a fully updated kitchen with quartz countertops and stainless steel appliances, and a refreshed bathroom. Enjoy total peace of mind with a brand-new A/C unit, a new driveway, and recently updated roofing, plumbing, and electrical systems. Offers maximum convenience with laundry hookups on both the main level and in the basement, plus ample basement storage. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement

Getting Around

79
WalkingVery Walkable
52
TransitGood Transit
76
BikeVery Bikeable

Schools

4/10
Nibley Park SchoolGrades PK-81.0 mi
7/10
Highland High SchoolGrades 9-121.6 mi

Construction

Condition

  • Property condition: Blt./Standing
  • Year built: 1923

Materials

  • Roof: Asphalt
  • Construction materials: Aluminum Siding,Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Bungalow/Cottage
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Range,Free-Standing Range

Basement

  • Has basement: Yes
  • Basement: Entrance,Partial,Shelf

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 2

Features

  • Window features: None
  • Flooring: Carpet,Laminate,Tile
  • Finished area above ground: 700

Heating & Cooling

  • Heating features: Forced Air,Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,047
  • Total interior livable area: 1,047 sqft

Property

Accessibility

  • Accessibility features: Single Level Living

Details

  • Parcel number: 1619228023
  • Zoning description: Single-Family

Features

  • Stories: 2
  • Patio & porch: Porch,Patio,Open Porch,Open Patio
  • Fencing: Full
  • Topography of land: Terrain
  • Residential vegetation: Landscaping: Full

Lot

  • Lot size: 5,662 sqft
  • Features: Curb & Gutter
  • Lot size dimensions: 0.0 x 0.0 x 0.0

Parking

  • Total spaces: 4
  • Uncovered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Earthquake
Winter Weather

FEMA Declared Disasters Across Utah Counties

Fire
Flood

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,123$25,476
Home Insurance $77$924
Property Taxes $330$3,960
Electricity $169$2,039
Total$2,699$32,388

Income You'd Need if You Spent...

35% on housing$92,537/yr
40% on housing$80,970/yr
45% on housing$71,973/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.6%
6.6%
0%30.0%
Electricity Growth Rate10-year average: 0.9%
0.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.9%
0.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$401This listing

vs Other Active Listings

Avg $/sqft

ZIP 84106$207
Salt Lake County$208

vs Homes Sold Last Month

Median $/sqft

ZIP 84106$335
Salt Lake County$248

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-10Pending sale$419,900
2026-07-08Price change$419,900
2026-06-25Price change$424,900
2026-06-18Price change$429,900
2026-06-11Listed for sale$439,900
2026-05-31Pending sale$439,900
2026-05-29Listed for sale$439,900
2026-04-24Sold--
2021-12-03Listing removed--
2021-11-02Price change$505,000
2021-10-15Listed for sale$515,000
2021-01-06Listing removed--
2020-12-10Pending sale$330,000
2020-12-04Listed for sale$330,000
2008-02-28Listing removed$185,000
2008-02-28Price change$185,000
2007-09-30Listed for sale$195,000

For Sale by Agent

AgentRobert McDonald
BrokerageXA Realty Group, LLC

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