• Price cut 4%

332 E MAGELLAN LN, Elk Ridge, UT 84651

$510,000

Originally listed at $530,000

Est. $3,111/mo

Beds
6
Baths
4
Sq ft
2,750
Built
1990

Why this home stands out

  • Priced 7% below selected similar sold homes
  • Priced 6% below AVM estimate
  • 4.2% year-over-year market appreciation
  • 4% price reduction from original list
  • 130% STR gross rent coverage of monthly ownership cost
  • 111.0 days on market — potential negotiation opportunity

About this home

Nestled in the highly desirable community of Elk Ridge, this beautiful home offers the perfect blend of peaceful mountain living and everyday convenience. Surrounded by breathtaking views of the Wasatch Mountains and Utah Valley, you'll enjoy quiet streets, fresh mountain air, and a welcoming neighborhood that truly feels like home. Inside, you'll find a thoughtfully designed floor plan with spacious living areas, abundant natural light, and plenty of room for both everyday living and entertaining. Whether you're gathering with family, hosting friends, or simply relaxing after a long day, this home provides comfort and functionality throughout. Located just minutes from Payson and Salem, you'll have quick access to grocery stores, restaurants, shopping, schools, and everyday amenities while still enjoying the privacy and tranquility that Elk Ridge is known for. Outdoor enthusiasts will love the nearby hiking and biking trails, parks, and year-round recreation, with easy access to Loafer Mountain, Salem Pond, and countless opportunities to explore Utah's beautiful outdoors. Elk Ridge also features a growing network of parks, open space, and trails that contribute to its exceptional quality of life. If you've been searching for a home that combines stunning scenery, a family-friendly community, and convenient access to everything you need, this is one you won't want to miss.Square footage figures are provided as a courtesy estimate only and were obtained from county Record . Buyer is advised to obtain an independent measurement.

Agents

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Get local guidance on this home from Juston.

JP
Juston PucharVerified

Salt Lake County Realtor | Smart Real Estate. Lasting Legacy.

KW Utah Realtors Keller Williams (REVO)

20 yrs experience

Salt Lake City, West Valley City
Dedicated buyer representation

Listed by Luisa A Rueda Petersen

KW Success Keller Williams Realty

MLS #2171622

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See the deal analysis, value and rental income

Ask Juston how this home rates as a deal, what it should sell for, and what it could earn as a long-term or short-term rental.

  • Deal score
  • Estimated value
  • Rental income

Schools

Nebo

Nearby

Recreation

68 / 100
Show 4 more

Everyday needs

62 / 100
Show 9 more

Internet

Excellent · fiber · 100/100

  • Quantum Fiber

    Fiber · 2 Gbps

  • Xfinity

    Cable · 2 Gbps

  • Xfinity

    Fiber · 1 Gbps

All 12 providers
  • Quantum FiberFiber2 Gbps1 Gbps
  • XfinityCable2 Gbps250 Mbps
  • XfinityFiber1 Gbps1 Gbps
  • CenturyLinkFiber940 Mbps940 Mbps
  • VerizonFixed Wireless300 Mbps20 Mbps
  • StarlinkSatellite280 Mbps30 Mbps
  • CenturyLinkDSL100 Mbps10 Mbps
  • HughesNetSatellite100 Mbps5 Mbps
  • Utah BroadbandFixed Wireless100 Mbps25 Mbps
  • Fusion NetworksFixed Wireless75 Mbps75 Mbps
  • Rise BroadbandFixed Wireless50 Mbps10 Mbps
  • AT&TFixed Wireless25 Mbps3 Mbps
  • T-MobileFixed Wireless25 Mbps3 Mbps
  • Viasat IncSatellite25 Mbps3 Mbps

Home details

Property

Type
Residential
Style
Single Family Residence
Architectural style
Tri/Multi-Level
Year built
1990
Stories
4
Above grade area
1,800 sq ft
Condition
Blt./Standing
Construction
Aluminum,Brick
County
Utah
Zoning
Single-Family
MLS #
2171622

Costs

List price
$510,000
Original price
$530,000
Annual taxes
$2,632
Home warranty
No

Lot and parking

Lot
0.26 ac
Lot features
Fenced: Full
Garage
2 cars
Covered spaces
2
Total parking
6

Systems

Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Laminate,Tile
Basement
Full
Appliances
Dryer,Freezer,Refrigerator,Washer
Water
Culinary
Sewer
Sewer: Connected,Sewer: Public
All home details56 details

Property Info

Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Tri/Multi-Level
Condition
Blt./Standing
MLS #
2171622
County
Utah
Year Built
1990
New Construction
No
Stories
4
Total Rooms
14
Living Area
2,750 sq ft
Above Grade Area
1,800 sq ft
Lot Size (Acres)
0.26
Lot Size
11,325.6 sq ft
Zoning
Single-Family

Bedrooms & Baths

Bedrooms
6
Total Bathrooms
4
Full Baths
2
¾ Baths
2

Financial

List Price
$510,000
Original Price
$530,000
HOA
No
Annual Taxes
$2,632
Home Warranty
No

Structure

Construction
Aluminum,Brick
Basement
Full
Roof
Asphalt
Flooring
Carpet,Laminate,Tile
Heating
Gas: Central
Cooling
Central Air
Appliances
Dryer,Freezer,Refrigerator,Washer

Lot & Land

Lot Features
Fenced: Full
Topography
Fenced: Full
Waterfront
No
Horse Property
No

Parking

Garage
Yes
Garage Spaces
2
Carport
No
Covered Spaces
2
Open Parking
4
Total Parking
6
ADU
No

Amenities

Fireplace
No
Pool
No
Spa/Hot Tub
No
Inclusions
Dryer, Freezer, Refrigerator, Washer

Utilities

Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Utilities
Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected

Schools

Elementary
Mt Loafer
Middle School
Salem Jr
High School
Salem Hills
Elementary District
Nebo

Timeline

Listed
May 11, 2026
Days on Market
95
Status
Active

Elk Ridge market

Explore Elk Ridge

  • Elk Ridge median

    $789,900

    This home: 35% below

  • Days to sell

    61

    Utah: 70

  • Homes for sale

    24

  • Price range

    $500k – $2.99M

  • Sale to list

    99%

  • Market

    Balanced market

Location

332 E MAGELLAN LN, Elk Ridge, UT 84651

Open in map search

Common questions

About 332 E MAGELLAN LN, Elk Ridge, Utah
What is the asking price for 332 E MAGELLAN LN, Elk Ridge?

332 E MAGELLAN LN, Elk Ridge is listed at $510,000 ($185/sqft). The original list price was $530,000, representing a reduction of $20,000. This listing is currently active and available for showings.

Is 332 E MAGELLAN LN, Elk Ridge a good deal?

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 70/100. Key deal signals: Priced 7% below selected similar sold homes; Priced 6% below AVM estimate; 4.2% year-over-year market appreciation. The price is 7% below similar homes in the area. This analysis considers price relative to comparables, days on market, price reductions, and market conditions.

Is 332 E MAGELLAN LN, Elk Ridge a good investment property?

Based on market rental data, this property has an estimated annual rent of $32,567 with a gross rental yield of 6.4%. Net rental yield (after estimated expenses): 4.2%. Estimated debt service coverage ratio (DSCR): 0.86. Investor score: 63/100. These are estimates based on area comparables.

What lifestyle features does 332 E MAGELLAN LN, Elk Ridge offer?

Propaired's AI has identified 2 lifestyle features for this property: Trailhead & Hiking, Pet Friendly. The primary lifestyle niche is "trailhead_hiking." These tags are derived from MLS data, property features, and location analysis.

What recreation is near 332 E MAGELLAN LN, Elk Ridge?

This property has a recreation score of 68/100. Nearby recreation includes: Red Lake trailhead (4.0 mi); Shuler Park park (0.1 mi); Gladstan Golf Course (0.1 mi); Utah Lake State Park (15.0 mi). Skiing: Sundance Resort (25.7 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

What amenities and services are near 332 E MAGELLAN LN, Elk Ridge?

This property has an amenity proximity score of 62/100. Nearby services include: Grocery: Macey's Santaquin (5.7 mi); Hospital: University Place (7.9 mi); Pharmacy: Santaquin Pharmacy (5.9 mi); Dining: Marco's pizza (5.4 mi). Gas station: 2.4 miles. Gym: Flippin' Out Tumbling & Cheer (3.0 mi).

All 8 questions
What schools serve 332 E MAGELLAN LN, Elk Ridge?

Assigned schools: Elementary: Mt Loafer; Middle: Salem Jr; High: Salem Hills. There are 2 schools within 3 miles of this property. The highest-rated nearby school is Salem Hills High with a 63% state performance score (2.8 miles away). School district: Nebo.

What is the internet speed at 332 E MAGELLAN LN, Elk Ridge?

This property has a broadband score of 100/100 (Excellent). Best available speed: 2000 Mbps download / 2000 Mbps upload. Fiber internet is available at this address. Available providers: AT&T (25 Mbps, Fixed Wireless); CenturyLink (940 Mbps, Fiber); CenturyLink (100 Mbps, DSL). Total providers: 12.

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