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Once a quarter, we co-host a SunCrest resident meet and greet at the clubhouse with the SunCrest OA. Giddy up, SunCrest, that once a quarter meet up is tonight! Whether you’re new school or an old timer in the neighborhood, come to mingle and/or learn more about the community. Drop by the SunCrest Clubhouse anytime between 6-730PM.
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$999,000 | 5,627 sq. ft. | 5 beds | 3.5 baths
We were giddy. We actually felt those high school crush heart palpitations the first time we walked through this custom 2-story, because it exemplifies what SunCrest living is all about: gorgeous homes, unbeatable views, clean air, and an active lifestyle.
Situated atop one of SunCrest’s most elevated streets, it stands proudly on a near three quarter-acre lot, overlooking 270 degree views of Gambel Oak, with cities and lakes seen below.
Our hearts actually skipped a beat when we first went inside. All that natural light! Hours of meticulous forethought went into planning the exact placement of every window and it shows. Not only do the windows flood all three floors with light, they ensure those very views you’re seeking are placed exactly where you want them, at eye level, at each turn.
In designing the space, the sellers doubled down on every design element and created each space to be magazine or #motivationalmonday worthy. Sliding barn doors, stylish hardwoods, in vogue white, gray, and blue cabinets, thick slabs of granite, chic tile; and well, the list can go and on, really.
It’s near impossible to have a favorite spot in this place. When asked, the sellers said it’s a toss up between the kitchen/family room with all its open air, or the fresh air on the 16×20 covered deck. Spring fever anyone?
We are taken (twitterpated, even) by the main floor master retreat. It’s spacious, thanks to its high coffered ceilings and oversized closet (seriously, it’s huge!) and dazzles with its double vanities and resort style spa finishes. The real show stoppers are the sliding glass doors that lead to the private deck, that’s hot tub ready.
Upstairs find 2 bedrooms, a bonus room, a full bathroom and views that are even more impressive with the added elevation.
The lower level was crafted for life’s “anytime” moments – game time, family time, or leave me alone time – it handles form and fashion with ease.
Mind if we end on a teaser? When it’s time to bring the kids or dogs on a tour, be sure show them the hidden hideout under the stairs or the custom dog bath. Be still our hearts!
Read More$975,000 | 5,324 sq. ft. | 5 beds | 3.5 baths
The word “literally” gets thrown around a lot by people these days who aren’t exactly using it correctly, so we want to make sure you know what we mean when we use it. We mean exactly. Precisely. As in, this house is literally one of a kind. It was built as a custom home, and this is literally the first time it will be available since the original owner moved in.
Literally, you can see incredible views of Traverse Mountain, Utah County, and Utah Lake from the large windows scattered around the house. The home sits on a dead-end private lane so you get quiet seclusion in your own mountain retreat.
After you go through the oversized solid wood front door, take in the views along the back, and snap out of your panorama daze, you’ll check out the main floor. Kitchen, dining, and family area all open to each other – the most sought-after trifecta in house hunting today.
The kitchen is not one of those precious museum pieces; it’s meant to be used and is well-equipped for the discerning chef.
Round that out with a main floor master bedroom complete with its own deck and the front room that’s perfect for an office, parlor or sitting room and you literally have everything you need.
That makes the upstairs even more impressive. There are 3 bedrooms up there, a full bath, and a loft. And if you thought the views on the main were great, just wait until you see them one level up.
The downstairs level will up your cool factor with friends: a wet bar, fireplace, and oversized windows. Currently a shrine to Seattle (go Seahawks!) but ready for you to rededicate to Utes, Cougars, Jazz, or just repurpose the space.
With a literal half-acre yard, two decks, and an outdoor entertaining space you can spread out to soak up the views up close and personal. This is literally an opportunity you won’t see again.
Read MoreJoin the owners of the Mountain Park Estates Development tonight, March 8th from 6:30-8:30PM at the SunCrest Clubhouse as they present their proposed development modifications for SunCrest area land known as the SunCrest shoebox.
Modifications include:
- Removal of town homes; 20 foot non-disturbed areas along parcel property lines;
- Reduced disturbance and grading in existing Gamble Oak and other Non-disturbed Open Space areas;
- Increased preservation of areas with 30% or greater slopes; and noise study results for proposed on-site materials processing to reduce heavy truck traffic on existing SunCrest roads.
For those unable to attend, below is a preliminary proposal for the area. The owners plan to present to the Draper City Planning Commission on Aril 12th, 2018. 
Previous posts and history about this area here.
Read MoreTonight, Draper City Council will review a proposed amendment to the master development agreement for Hidden Canyon Estates, Mercer Mountain Estates and Lakeview Heights Properties. Although these concept plans (located adjacent to existing Hidden Canyon Estates development) are not the official, final plats for the development, they do provide SunCrest area residents with the first solid peek at what developers are planning in this part of our neighborhood.
Want to stay in the loop on these and other SunCrest area developments and news? Easy peasy. Sign up here.
Previous posts and history about these areas here.
Read MoreNew Parks Headed to SunCrest?
Mark your calendars and be sure to attend to Open House March 15th. Draper City Parks and Recreation will be holding an Open House from 6-7:30PM at the SunCrest Clubhouse to learn more about the proposed parks, ask questions, and view the concept plans for the SunCrest Park and Brookside trailhead.
Can’t make the meeting? Check back here, we’ll keep you posted.
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2018 Housing Forecast-Insider Info
At Windermere, we’re fortunate to have Chief Economist, Matthew Gardner, as part of our team to provide valuable analysis of the economy and housing market. In January, Matthew was the keynote speaker at the Salt Lake Board Of Realtors forecast breakfast. We’re sneaking this insider info to you, because we think you’ll be interested in his predictions for the 2018 housing market.
Our take:
These forecasts are made at a national level, so we have some additional forecasts for SunCrest.
- First, SunCrest has seen the total number of existing homes sales decline over the past three years. Put simply – fewer homes were sold in SunCrest in 2017 compared to 2016 and 2015! While we don’t project a further decline in existing home sales, we expect to maintain current sales levels — approximately 10 home sales per month, typically with spikes in Q2 and Q3.
- Second, barring any substantial changes to Edelweiss or Hidden Canyon Estates, we project new homes sales will exceed 10% of all SunCrest area sales. To date in 2018, new construction makes up nearly 50% of all current homes for sale, and over 80% of sales currently pending.
- As of the this writing, the average rate for a 30-year fixed-rate mortgage was 4.40 percent, on pace to exceed Gardner’s projection.
We agree with Gardner’s projection about concerns of lack of available inventory and unsustainable home price appreciation. We anticipate prices leveling off in some markets, as would-be buyers become capped financially due to rising interest rates and historically high levels of debt. However, we do not foresee any reason to panic and expect 2018 to be another strong year. Even more than last year, we think that sitting down, reviewing all the facts, and walking through your goals will help prepare you for your next move.
Our SunCrest Market Update is a hyper-local analysis of the most up-to-date information regarding the SunCrest real estate market. The previous month’s SunCrest housing information and future editions are released monthly.
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Utah Housing Market Update
At Windermere, we’re fortunate to have Chief Economist, Matthew Gardner, as part of the team to provide valuable analysis of the economy and housing market. He recently completed his housing market update for the 4th quarter of 2017¹. Click here to read his full report to find where Utah sits currently and where the market is headed.
Some highlights and findings include:
- Home sales continue to be held back by very low levels of available inventory. Listing activity continues to trend at well below historic averages, with the total number of homes for sale in the fourth quarter down 33.7% from a year ago.
- The imbalance between supply and demand persists, which means home prices continue to appreciate at above average rates. This is likely to continue for the foreseeable future as inventory levels are unlikely to rise sufficiently to meet demand.
- During the fourth quarter, it took an average of 50 days to sell a home in the region.
Are you thinking of buying or selling real estate? Have questions about this report? Call, text or email anytime. No obligation-its just what we do.
¹Matthew Gardner, “Utah Real Estate Market Update,” Windermere, February 5, 2018, https://www.windermere.com/blogs/windermere/posts/utah-real-estate-market-update–2.
Read More$500,000 | 4,133 sq. ft. | 6 beds | 3.5 baths
When we first toured this home at 15126 S. Eagle Crest Drive, we felt like this baby was bursting with potential and we knew it was time to be bold.
The first order of business? Fresh paint and carpet. Take a deep breath of the new house scent, because you’re about to go into sensory overload. Next, the formica counters were jettisoned in favor of some of the sleekest granite we’ve seen in a while. Swoon!
When we say turnkey, we mean it. The 3 bedrooms and 2.5 baths on the main floor are accompanied by flowing spaces, vaulted ceilings, and windows to take in the Wasatch. Those windows are right where you’d hope – letting in the SunCrest air in the summer, precious light in the winter, and providing year-round views only available in this neighborhood.
We love the added bonus room that compliments the main level. Not only does it frame Mount Timpanogas like a painting, but its universal design means you can customize it as you see fit. So. Many. Uses.
Downstairs has two more bedrooms, another flex space (craft room? office? playroom?) and an oversized family and theater area that can keep anyone entertained, especially when coupled with the cable and wifi that are part of the HOA package.
Once you get outside, though, you may never come back. The southern views from the front porch are breathtaking, and the yard is fully fenced and landscaped, nestled into the hillside for a little extra privacy that seems harder to come by nowadays.
From sledding to slip n’ slides, the .19-acre lot provides year-round entertainment and plenty of future #suncrestlifestyle tags. Call us or call your REALTOR to come see the bold and fresh new look.
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Tax Reform and SunCrest Real Estate
Disclaimer: The following is not meant to be a resource for tax advice but instead a resource for basic information concerning certain aspects of the new tax code and it’s potential impact on the real estate market. Please consult with appropriate legal and tax advisors on how the new code may or may not affect you.
By now, you’ve probably heard about the Senate and House bill that overhauls the tax code. While much is still being learned about it, we felt there were a few major proposals being considered that could potentially affect the SunCrest real estate market:
- Changing the requirements for the exclusion of gain on the sale of a principal residence
- Changing the requirements for like kind (aka 1031) exchanges for real property.
- The reduction on the limit of the Mortgage Interest Deduction (MID).
- The elimination of the State and Local Tax deduction (SALT) which includes property taxes.
That’s some fancy-pants language, so let’s break it down and see what it may mean in real talk.
Changing the requirements for the exclusion of gain on the sale of a principal residence.
What this means: If you sell a home, you must live in it for at least 2 of the last 5 years, or you are subject to a higher tax rate on your gains.
What changed? Nothing! They considered changing it to 5 of the last 7 years, but did not.
Impact: No new impact on the housing market.
Changing the requirements for like kind (aka 1031) exchanges for real property.
What this means: If you sell a home, you can — under certain conditions — avoid being taxed on the gains if you then use your gains to buy a similar property.
What changed? Nothing! The final bill retains the current Section 1031 Like Kind Exchange rules.
Impact: No new impact on the housing market.
The reduction on the limit of the Mortgage Interest Deduction (MID)
What this means: In some situations, you can deduct on your taxes the amount of interest you pay on your mortgage. It had been capped at $1M loans.
What changed? They have reduced the cap amount. Now you can only deduct the interest on new loan amounts (loans made after 12/14/17) up to $750K. Current loans up to $1 million are grandfathered into the old cap.
Impact: Nothing for existing loans. On new home loans, you may still be able to deduct interest on your primary and secondary homes, but only up to $750K. Assuming a 20% down payment, this reduction in the MID will only impact buyers that are purchasing a home between the prices of $938,000 and $1,250,000.
The elimination of the State and Local Tax deduction (SALT) which includes property taxes.
What does this mean: If you itemize your deductions, you could deduct the amount of state and local taxes you paid. That includes property tax. There was no limit.
What changed? There is now a limit of $10K on the amount of state and local taxes (including property tax) you can deduct.
Impact: People who paid over $10K in state and local taxes (think: income tax, sales tax, property tax) will no longer be able to deduct anything over that amount. This affects higher taxed and/or higher priced home regions.
Our take:
Phew! As active, contributing members to our state and national REALTOR Political Action Committee (a fancy way of saying advocates for property rights and home ownership) we’d be lying if we said we weren’t sweating a few of the changes that were being discussed. However, we do not believe the new tax code will have a significant impact on the majority of the SunCrest housing market. We anticipate higher priced, higher taxed regions (NJ, NY, CA) to be the most impacted. The overall effect of the tax bill is really unknown, but if buyers do see an overall tax cut, we’re hopeful it helps them accelerate savings and reach their home ownership goals. The best advice we can give is to seek counsel from qualified legal and tax professionals to see what this will all mean for you.
Our SunCrest Market Update is a hyper-local analysis of the most up-to-date information regarding the SunCrest real estate market. The previous month’s SunCrest housing information and future editions are released monthly.
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