Tamra Rieper
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The rumor? "If you get a reverse mortgage, the bank takes your house."
Not true. I've heard this from a number of retired clients, and it's a main reason keeping them from exploring this option.
Here's what actually happens with a reverse mortgage:
• You borrow against the equity you already built
• No monthly mortgage payments required
• You stay in your home
• The loan balance gets repaid when the home is eventually sold
The specialist I work with said this misconception alone has caused homeowners to leave real money on the table.
If you (or your parents) are retired and sitting on a paid-off or nearly paid-off home, this is worth understanding before a decision has to be made under pressure.
Comment down below or DM me and I'll personally walk you through what this looks like for your situation.
Equally suited as a primary residence, mountain retreat, or income-producing rental, it's a rare chance to enjoy Summit County while capturing the long-term value of a second-home investment.
📍 402 Shadow Hill Road, Wanship, Utah 84017
🛏️ 5 bedrooms
🛁 5 bathrooms
📏 4,732 square feet
💰 $1,885,000
Just 15 minutes from Park City and 30 from Salt Lake City, near Echo Reservoir, Rockport Reservoir, and the Weber River. Tucked into Sunrise Ridge, a gated community of custom homes, this residence offers a rare mix of luxury mountain living, privacy, and dual-purpose value—equally suited as a full-time primary home or an income-producing investment.
Built by Big Canyon Custom Homes as the builder's own residence, the main level offers single-level living with a covered deck and sweeping valley views, wide-plank oak floors, a stone fireplace, and a kitchen with leathered granite and copper accents. The walkout lower level adds two bedrooms, two baths, a kitchenette, and a media/game room with wall-mounted TVs and a pool table—turnkey for guests or renters.
Outside: a firepit on a gas line, gas hookups on patio and deck, a tiered backyard with horseshoe pit and garden, plus an oversized heated four-car garage and RV parking.
Live here full-time. Escape here often. Profit when you're away!
06/26/2026
🏡 NEW TO THE MARKET 🏡
📍 3133 E Evergreen Ave S, Salt Lake City, UT 84109
🛏️ 5 bedrooms
🛁 2 bathrooms
📏 2,408 square feet
💰 $747,000
For the first time in decades, this cherished one-owner home is ready for its next chapter. Lovingly maintained throughout the years, it offers the kind of solid construction, pride of ownership, and "good bones" that are becoming increasingly hard to find. Whether you're looking for a home to enjoy today while updating over time or searching for an opportunity to build equity in one of Millcreek's most desirable neighborhoods, this property delivers exceptional value and potential. The spacious floor plan offers features rarely found in homes of this era, including an oversized kitchen with abundant cabinetry, generous countertop space, a center island, and an adjoining dining area perfect for everyday meals and gatherings. Newer carpet and luxury vinyl plank flooring create a fresh, move-in-ready feel, while the partially updated bathrooms provide a great head start for future improvements. Cozy wood-burning fireplaces on both the main level and downstairs add warmth and character, creating inviting spaces to gather throughout the seasons. Step outside to a large covered patio overlooking a beautifully maintained, private backyard offering an ideal setting for summer barbecues, quiet mornings, or evenings spent with family and friends. A newer extended driveway leads to an impressive 24' x 28' oversized two-car garage featuring a 10-foot door, making it perfect for larger trucks, SUVs, recreational vehicles, extra storage, or a workshop. The location is equally compelling. Nestled in the heart of Millcreek, you'll enjoy quick access to Big and Little Cottonwood Canyons, world-class hiking, biking, skiing, and year-round outdoor recreation, while remaining just minutes from shopping, dining, parks, excellent schools, and downtown Salt Lake City. This is a home where you can embrace Utah's incredible lifestyle while creating a space that reflects your own style and vision. Solid, well-loved, and full of opportunity, this home offers a rare chance to make thoughtful updates over time while investing in an exceptional neighborhood and building lasting value.
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Salt Lake City, UT
84106
Opening Hours
| Monday | 9am - 7pm |
| Tuesday | 9am - 7pm |
| Wednesday | 9am - 7pm |
| Thursday | 9am - 7pm |
| Friday | 9am - 7pm |
