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Terrace Falls Condominiums

Terrace Falls Condominiums

Terrace Falls Condominiums
Condominium Building Complex
171 E 3rd Ave,
Salt Lake City, UT 84103
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

142 Units
7 Stories
1985 Year Built
$642K - $1.4M Value Range

Available Units

For Sale
For Rent
No Units Available

Highlights

  • Indoor Pool
  • Ensign School Rated A-
  • 24-Hour Security
  • Mountain View
  • Clubhouse
  • 4 min walk to City Creek Park

Modern Living in the Heart of The Avenues

Terrace Falls Condominiums, a seven-story residential building completed in 1985, offers a blend of modern convenience and urban charm. Located in the vibrant Avenues neighborhood of Salt Lake City, this 80-unit building provides residents with a unique living experience close to downtown amenities. The building's design features a brick facade with a mix of recessed and protruding sections, adding a subtle textural contrast to its appearance.

Spacious Layouts with Elegant Features

Terrace Falls offers a variety of floor plans, ranging from one to three-bedroom units. The one-bedroom units, spanning 1,549 to 1,825 square feet, include one and a half bathrooms. Two-bedroom units, sized between 1,685 and 2,386 square feet, offer one to two and a half bathrooms, with prices ranging from $650,000 to $969,671. These units often include updated kitchens with granite countertops and stainless-steel appliances. The three-bedroom units, the largest at 1,990 to 3,055 square feet, feature up to three and a half bathrooms and are priced around $840,000. Many units provide stunning views of downtown Salt Lake City and the surrounding mountains, with features like gas fireplaces, walk-in closets, and luxurious bathrooms with jetted tubs and separate showers.

Comprehensive Amenities for a Comfortable Lifestyle

Terrace Falls is equipped with a range of amenities designed to enhance residents' lifestyles. The building features an impressive atrium entrance with waterfalls, a wood workshop, and a guest apartment available for visitors. Residents can enjoy an indoor pool and spa, a professionally equipped gym with locker rooms, and a sauna. The rooftop patio offers a perfect spot for relaxation with BBQ facilities and panoramic views. Additional amenities include a billiard room, library, club room with a kitchen, and a conference room. Secure garage parking, EV charging stations, and storage lockers are available, along with Wi-Fi throughout the building. Business services include a business center with an on-site notary, controlled building access, and laundry facilities.

Vibrant Community with Urban Conveniences

The Avenues neighborhood, known for its tree-lined streets and historic charm, offers a unique blend of urban living and community spirit. Residents enjoy proximity to City Creek Canyon and Memory Grove Park, perfect for outdoor activities. Cultural attractions like the Eccles Theater and Symphony Hall are nearby, along with shopping destinations such as City Creek Center. Dining options abound, with local favorites like Avenues Proper and Cucina Wine Bar offering diverse culinary experiences. The neighborhood's convenient location provides easy access to downtown Salt Lake City's vibrant nightlife, historical sites, and museums.

Accessible Transit Options for Easy Commuting

Terrace Falls is well-connected to public transportation, making commuting straightforward. The 3rd Ave & A St bus stop, serving the 2300 East/Holladay Blvd line, is just a five-minute walk away. The State Capitol East Entrance bus stop, with access to the State Street North line, is a ten-minute walk. For those preferring rail, the City Center UTA station, serving the TRAX Salt Lake/Sandy and University lines, is about 15 minutes on foot. The Main Library station is also accessible, offering additional TRAX lines. For air travel, Salt Lake City International Airport is a convenient 15-minute drive. The area is somewhat walkable and very bikeable, providing multiple options for getting around.

Available Units

No units matching this criteria are available right now.

Building Details

Views

  • Mountain
  • Valley

Recreation

  • Indoor Pool
  • Heated Indoor Pool
  • Pool and Spa
  • Heated Pool and Spa
  • Heated In Ground Pool
  • Community Pool
  • Snow Removal

Outdoor Features

  • Community Barbecue Grill
  • Picnic Area

Amenities

  • Sauna
  • Clubhouse
  • 24-Hour Security
  • Controlled Access

Parking

  • 1 - 2 Open Parking Spaces<<perUnit>>
  • 1 - 2 Garage Spaces<<perUnit>>
  • 1 Car Attached Garage
  • 2 Open Parking Spaces

Pet Policy

  • No Pets Allowed

Condo Association

  • $750 Monthly HOA Fees
  • Monthly HOA Fees Range from $576 - $923
  • Association fees include security, insurance, ground maintenance, sewer, trash, water
  • Welch Randall Pm Association, Phone Number (801) 399-5883
  • Terrace Falls Subdivision

Unit Features

  • Gas Dryer Hookup

Activity

Views

47

Unit Information By Building

Unit
709
Beds
3 Beds
Baths
2.5 Baths
Sq Ft
2,480
Price
$799,000
Price / Sq Ft
$322 / Sq Ft
List Date
07/16/2025

Unit Size and Value Ranges

1 Bedroom Units
Sq Ft Range
1,484 - 1,825
Est. Values
$642,066 - $728,102
2 Bedroom Units
Sq Ft Range
1,188 - 2,526
Est. Values
$662,069 - $1,074,214
3 Bedroom Units
Sq Ft Range
1,790 - 3,055
Est. Values
$662,069 - $1,426,864
All Units
Sq Ft Range
1,188 - 3,055
Est. Values
$642,066 - $1,426,864

Map

Area Factors

Low Crime

Crime Score®

4 / 10

Very Bikeable

Bike Score®

74 / 100

Very Walkable

Walk Score®

79 / 100

Good Transit

Transit Score®

67 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

75 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$396K - $839K
Range of Taxes in Building
$263 - $6,465
Range of Taxes per Sq Ft
$0.13 - $3.32

Property Tax History

Source: Public Records
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.