7194 N Silver Way, Eagle Mountain

$659,900

6 Beds
4 Baths
3,435 Sqft
.12 Acre
2 Garages

Boasting 6 bedrooms, 3.5 bathrooms, and ample square footage, this home is designed to accommodate all lifestyles. The standout feature is the separate mother-in-law apartment, offering flexibility and potential rental income. With its entrance, 2 bedrooms, separate laundry facilities, and a double-lock door separating the units, this space provides privacy and independence. Whether you choose to live in one unit and rent out the other or utilize both for extended family living, the possibilities are endless. Plus, with a spacious driveway and ample street parking, hosting guests is a breeze. BEAUTY: Crafted with meticulous attention to detail, this home exudes elegance and charm. From upgraded cabinets and countertops to stylish accents and flooring, every element reflects quality craftsmanship. 9ft ceilings on the main floor and basement. The home has been lovingly maintained by its owner, ensuring a pristine living environment for years to come. LOCATION: Situated in the heart of Eagle Mountain, residents enjoy easy access to a wealth of outdoor amenities, including the Kiowa Valley Trail, Roadrunner Mountain Biking Trailhead, Flintstone Trail, Eagle Mountain Trailhead, and the Airsoft Field. Nearby parks offer endless opportunities for recreation and relaxation. Additionally, Silver Lake Elementary, Ridley's Market, and Silver Lake Amphitheater Park are just moments away, providing convenience at your doorstep. INVESTMENT OPPORTUNITY: The basement apartment of this property is not just a space for extra living-it's also a lucrative investment. Currently fetching $1350 per month in rental income, the separate unit contributes significantly to offsetting the mortgage or generating additional cash flow. Additionally, the tenant covers 1/3 of the utilities, further enhancing the financial benefits of this arrangement. Whether you choose to continue leasing the space or occupy it yourself, this additional income stream adds substantial value to the property. Don't miss out on the chance to capitalize on this outstanding investment opportunity! In addition to its remarkable features and income potential, this property offers an enticing financing option for qualified buyers. Seller financing is available with a down payment of $200,000 and a competitive interest rate of 4.5%. This flexible financing arrangement empowers buyers to secure their dream home with favorable terms, bypassing the traditional mortgage process and potential hurdles. Whether you're a first-time buyer, or investor, or seeking alternative financing solutions, this opportunity provides a pathway to ownership that suits your needs. Take advantage of seller financing and make your homeownership dreams a reality

Essential Information
MLS® #1991041
Price$659,900
Bedrooms6
Bathrooms4.00
Full Baths3
Half Baths1
Square Footage3,435
Acres0.12
Year Built2020
TypeResidential
Sub-TypeSingle Family Residence
StyleStories: 2
StatusActive
Community Information
Address7194 N Silver Way
AreaAm Fork; Hlnd; Lehi; Saratog.
SubdivisionSILVERLAKE
CityEagle Mountain
CountyUtah
StateUT
Zip Code84005
Amenities
FeaturesClubhouse
# of Garages2
Amenities

Clubhouse,Picnic Area,Playground,Pool

Utilities

Natural Gas Connected,Electricity Connected,Sewer Connected,Water Available

Interior
InteriorCarpet,Laminate
HeatingGas: Central
CoolingCentral Air,Active Solar
# of Stories3
Interior Features

Basement Apartment,Bath: Master,Closet: Walk-In,Den/Office,French Doors,Kitchen: Second,Mother-in-Law Apt.,Vaulted Ceilings,Granite Countertops

Appliances

Ceiling Fan,Portable Dishwasher,Dryer,Microwave,Refrigerator,Washer

Exterior
Exterior FeaturesBasement Entrance
WindowsBlinds,Full
RoofAsphalt,Pitched
ConstructionStucco
Lot Description

Fenced: Part,Sprinkler: Auto-Full

School Information
DistrictAlpine
ElementarySilver Lake
MiddleVista Heights Middle School
HighWestlake
Additional Information
Date ListedApril 9th, 2024
Days on Market5
ZoningSingle-Family
Listing Details
AgentStephen Ostler
OfficeEXP Realty, LLC
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