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3818 E Ruth Dr
Salt Lake City, UT 84124
$3,099,000
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
--
Property Description
Imagine living in the elite neighborhood of Mount Olypmus Cove! This absolute GEM of a home is three minutes from freeway access, but is also on a secluded three-quarter acre lot in the desirable Mount Olympus Cove area. Exceptional finishes and upgrades give this home a luxurious feel, well beyond the custom-built front door. Each room in this home is filled with natural light which can brighten up any mood. A gently sloped driveway leads to a huge garage with soaring ceilings, which has the capacity to park 6 cars within it. There is an entrance to the garage from either level of the home. The driveway is piped for heating, just add the boiler so that you can enjoy the winter storms without the need to shovel snow. The garage is also heated, so that you can work on all of the projects throughout the year. This premier home was designed by architect Tim Puhl. The home was designed and positioned with the centerpiece being views of Mt. Olympus. Imagine waking up each morning in the primary suite, to a gorgeous view of the mountains. A stone fireplace within the primary suite keeps you bathed in warmth. Enjoy your own private patio right outside your primary bedroom door! The primary bathroom also boasts a beautiful marble and glass shower, marble flooring, and over 37" tall custom countertops. The oversized primary suite encompasses one third of the main floor living area. It also includes a huge fifteen foot walk-in closet with two separate sides for both you and your partner. Built-in shelving will display your fantastic collection of shoes. The closet also has a built-in private laundry. This is main level living at it's very finest. This home includes designer lighting, custom millwork and solid wood doors. The exterior is ALL brick. The main floor has whisper quiet automated shades for when you want to take a break from the sun. A walk-in butlers' pantry with a granite countertop and an exceptional amount of storage within the area is every chef's dream. The grand island seats six comfortably. Two dishwashers make cleaning up after entertaining a breeze. The kitchen also boasts 3 ovens, a warming tray, a six burner Thermador stove, along with a grill. The adjoining family room also has a stone fireplace, along with automated shades and space for everyone in the extended family. From the family room and kitchen, you see a beautifully landscaped yard containing mature peach, pear, and apple trees. Enjoy your meals outside on a covered and lit patio with outstanding views, from the private back yard, in the shadow of Mount Olympus. The patio is plumbed with gas for a barbeque grill, as well as a gas firepit for an added bonus. Within the lower level there are three spacious bedrooms, a bonus master suite, three individual restrooms, and a third laundry room! The above ground natural lighting (yes even in the lower floor) makes each room on the lower level inviting and cozy. The lower level includes a playroom for the little ones, located under the stairs, which is painted as a castle. It also includes a TV hookup specifically for the playroom. Also included within the lower level is a second full kitchen which would rival most homes' main kitchen. Adjacent to that lovely kitchen is a game room / pool table room. There is a large walk-in Fort Knox wall safe for all of your valuables. The home is also wired for audio throughout. A fully separate ground level entry from the downstairs large living room is yet another bonus of this beautiful home. Finally, there are two huge rooms just beneath the garage. One has been used for storage, but could easily be a workshop just underneath the garage. It has stairs leading up to the garage for easy access, and the other is currently wired to be used as a theater room and is also piped for a wet bar. The storage room is the size of the massive garage. There are too many upgrades and features included within this home to fit on the page! There has only been one owner, and
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2008
MLS Number
1987380
Location
Address
3818 E RUTH DR
City
Salt Lake City
State
UT
Zip Code
84124
County
SALT LAKE (SOUTHEAST)
Listing
Provider
Signature Real Estate Utah, original listing
Name
Signature Real Estate Utah
Phone
(801) 948-2501
Office Name
Signature Real Estate Utah (Cottonwood Height
Office Phone
(801) 948-2501
Agent Name
Tyson Willardsen

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.