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Suncrest and Draper City reach agreement

The following article by Steve Fidel of the Deseret news.

DRAPER — The city and Zions Bank have agreed on terms to end a $25 million lawsuit over the unfinished SunCrest development.

The development failed in 2007, leaving Zions Bank on the hook for about $40 million in unpaid loan debt. The bank bought the development out of bankruptcy in 2008 for $25.3 million with the intention of selling it as quickly as possible to help recoup losses.

Failed infrastructure in the development surfaced as a concern by the city, and Zions brought the suit in June 2009, accusing the city of sabotaging deals with potential buyers of the unfinished development. 

The Draper City Council voted 5-0 Tuesday night to accept terms agreed upon with Zions to see the suit dismissed, said Draper City Attorney Doug Ahlstrom. Zions has already agreed to the terms and is awaiting an official copy of documents to sign, Ahlstrom said.

Under the agreement, the city would accept SunCrest Drive and the paved portion of Deer Ridge Drive and take responsibility for correcting problems with the design and construction. Several people attending the Council meeting where the settlement was discussed objected to the anticipated use of funds collected from the Traverse Road Special Service District to make those improvements, Ahlstrom said.

Other design agreements include stipulations affecting undeveloped areas based on historic landslide data and other improvements to roadways.

Zions or its successor or developer will be responsible to resolve issues with Detention Pond 7A. As an alternative, the city would design and build a regional storm water facility there as a city project, if approved by participating property owners. Zions would pay a share of the cost of such a project.

The terms also acknowledge the existing culinary water system is operating at a loss and lacks the capacity to service future growth within the SunCrest project and lays out conditions for both city and developer participation to improve an extended water system.

Ahlstrom said about five individual developers have been waiting for a resolution to the lawsuit. 'The first thing we're going to do is see if we can get some zoning in place that will help all of them.'

After that, conditions in the open market will dictate how long it takes before new development is underway.

Zions Bank announced in February it reached an agreement to sell the SunCrest development to MCO Properties, in Fountain Hills, Ariz. Tuesday's agreement plays into the bank's agreement with MCO, which the bank said is poised to build more than 3,000 homes in undeveloped portions of the 4,500-acre development.

  • Draper will create a new master-planned community zone for SunCrest.
  • The city will accept SunCrest Drive and the paved portion of Deer Ridge Drive in their current conditions.
  • Areas outside historical landslide zones will be exempt from the city’s geologic protection ordinance.
  • The city will use $300,000 of water fund money and $500,000 in federal grants to upgrade a pump station to provide water to the development.

As a Real estate Agent in Draper, UT. I am very familiar with Homes in Draper and Suncrest. I believe the terms of this agreement will benefit the Homeowners in Suncrest and should also encourage many Draper Home buyer to consider Suncrest properties. There really are some fantastic opportunities in Suncrest for purchasing Luxury Homes, Short Sales or Foreclosed property. Suncrest offers some of the most incredible deal in Draper Real Estate. It is not uncommon to find Luxury Draper Homes of over 5000 sq Ft listed for under 400K. Compare these prices with a typical Draper Home in steeplechase or other Luxury Draper homes for sale and you may be persuaded to explore Draper Real Estate above the inversion.

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Found: 67
Avg: $579,173
Avg $ SqFt: $126
Search Area: Map Selection
Price: $0 to $50,000,000
Style: NA
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  Page 1 of 3  
 
$249,900
14771 S INVERGARRY CT, Draper UT 84020
3
BEDS
4
BATHS
2,072
SQFT
$121
$/SQFT
0.05
ACRES
2006
BUILT
"Enjoy this excellent townhome that overlooks Draper and has views of the mountains from the dining room. Three spacious bedrooms and two family rooms! A close distance to Draper and Lehi, perfect for those working in Salt Lake or Utah County. Call or text agent for a personalized showing."
$263,000
14794 S DEER PARK LN, Draper (Ut Cnty) UT 84020
2
BEDS
4
BATHS
2,048
SQFT
$128
$/SQFT
0.05
ACRES
2008
BUILT
"Amazing unobstructed views of Lone Peak right out your front door that will never be blocked. This town home has been extremely well cared for and is in excellent condition. It has many upgrades from the Granite counter tops and upgraded cabinets to tile flooring and a large master suite with a separate tube and shower. A huge guest bedroom with another large walk in closet. The basement is fully finished and has ample storage. This home also features 2 parking spacing in front which is hard to find. Hurry before this one is gone!"
* NEW LISTING 
$339,000
1768 E AUBURN RIDGE LN, Draper UT 84020
3
BEDS
2
BATHS
2,958
SQFT
$115
$/SQFT
0.16
ACRES
2001
BUILT
"If you're savvy on the SunCrest housing scene, you know that it can be tough to come by ramblers. We're delighted to help put an end to feeling blue, and introduce you to 1768 E. Auburn Ridge Lane. A clean, one-owner, lightly lived in humble abode. Easy-peasy floorpan with three bedrooms, two bathrooms and a big ol' kitchen and family room that overlooks the freshly landscaped backyard. Grabbing a book or sipping a beverage on the quiet patio, surrounded by mature trees, sounds like a enjoyable way to spend time away from work. Back inside, there's plenty of additional space in the downstairs (mostly finished, btw) should you need it. Check that family room. We think it's perfect spot to post up for cartoons, movies or sports game. Blues Clues, Blues Brothers, or Blue Jays--take your pick. Our advice, act fast! SunCrest ramblers like this come up once in a blue moon. "
* NEW LISTING 
$349,900
2014 E BROOKINGS DR, Draper (Ut Cnty) UT 84020
3
BEDS
2
BATHS
3,098
SQFT
$113
$/SQFT
0.12
ACRES
2006
BUILT
"Priced to sell! Located in a beautiful community on the side of a mountain but only minutes away from the freeway. Stunning views of Utah valley. All bedrooms are on the main floor. Open floor plan. Fenced yard. Fresh paint, new flooring, updated living room space, updated landscaping, and a brand new high efficiency HVAC system. Walkout basement with lots of space to build a dream basement. A park within walking distance. HOA includes cable, internet, and a clubhouse with a pool. Not far from the Lehi tech scene but close to lots of hiking/ mountain biking trails! Hop on your bike and be at the trail within minutes. Come get a taste of what Maple Hollow and Suncrest have to offer and take a tour of your new home today. Square footage figures are provided as a courtesy estimate only and were obtained from the county. Buyer is advised to obtain an independent measurement."
* NEW LISTING  * PRICE LOWERED - $359,000 TO $349,000 
$369,900
15180 S SILKWOOD CT, Draper UT 84020
4
BEDS
3
BATHS
3,339
SQFT
$111
$/SQFT
0.16
ACRES
2001
BUILT
"Instant equity! Enjoy the amazing summers and crisp clean winters with this Suncrest beauty. Located in a cul-de-sac, the home features an oversized master bedroom, spacious master bath with double sinks, and walk-in his and her closets. 4th bedroom can also be used as large bonus room. The neighborhood hosts yearly Easter egg hunts, visits from Santa, movies in the park, and more. Sit outside, grab a drink, and relax with live music at the Ridge Bistro, or bring your pooch and enjoy the miles of hiking and biking trails right outside your door. Home Warranty Included. "
* PRICE LOWERED - $379,900 TO $369,900 
$369,900
1982 E FIELDING HILL LN, Draper (Ut Cnty) UT 84020
4
BEDS
3
BATHS
2,951
SQFT
$125
$/SQFT
0.16
ACRES
2006
BUILT
"Huge $30,000 in price reductions! Priced to sell! THE BEST VALUE in Suncrest with views. Rare home with Picture Perfect views all the way across Utah county, Utah Lake and Mount Timpanogos! Trail access moments away for biking and hiking and don't forget the neighborhood park just across the street. This home boasts huge cathedral ceilings, fireplace, SS appliances, Bartile roof, 9 ft' tall basement, gas stove, jetted tub, Corian bathroom countertops and a big backyard with patio to sander out on to view wildlife, star gazing and just to relax. Call to schedule a showing today. This is Suncrest Living!"
* PRICE LOWERED - $375,000 TO $369,900 
$369,900
15136 S EAGLE CHASE DR, Draper (Ut Cnty) UT 84020
4
BEDS
4
BATHS
3,144
SQFT
$118
$/SQFT
0.13
ACRES
2006
BUILT
"SELLER IS OFFERING A $3,000 CARPET ALLOWANCE. COME AND SEE THIS GREAT HOME IN SUNCREST! IT IS FULLY FINISHED AND YOU WILL LOVE THE LAYOUT WITH A GREAT ROOM, LARGE LANDING UPSTAIRS, FAMILY ROOM IN BASEMENT AND MORE. THIS HOME FEATURES: CORIAN COUNTERS, A MASTER SUITE WITH SEPARATE TUB/SHOWER, WALK-IN CLOSET, PLENTY OF ROOM, HIGH CEILINGS, LAUNDRY ON THE TOP FLOOR WITH BEDROOMS, A GREAT YARD, VIEWS, AND MORE! SUNCREST IS A FUN COMMUNITY WITH A LOT OF EVENTS. YOU WILL LOVE THIS HOME AND LIVING HERE. Any offers received on Friday or over the weekend will not be responded to until 5pm on Monday. Square footage figures are provided as a courtesy estimate only and were obtained from COUNTY RECORDS . Buyer is advised to obtain an independent measurement."
* NEW LISTING 
$376,500
1787 WALNUT GROVE DR, Draper UT 84020
4
BEDS
3
BATHS
3,000
SQFT
$126
$/SQFT
0.22
ACRES
2003
BUILT
"Charming south facing craftsman 2 story with amazing Mt. views, large private yard, flagstone fire pit, huge Trex deck, open floor plan with 20 ft vaults, rustic alder wood finishings, cabinets, slate floors, gas range, and an open upstairs loft for your home office (or close it in for another bedroom). HOA includes pool, fitness, reservable party rooms, high speed internet, and basic cable. Now easy to show with short notice. Call for an apt."
* PRICE LOWERED - $379,000 TO $376,500 
$379,000
14993 S WINGED BLUFF LN, Draper UT 84020
3
BEDS
2
BATHS
3,122
SQFT
$121
$/SQFT
0.14
ACRES
2006
BUILT
"Wonderful, comfortable rambler in desirable Suncrest with huge community pool and clubhouse. Breath taking 180 degree views from 250sqft composite deck on back of home. The view from the front is of beautiful unobstructed green space. Most homes in Suncrest do NOT have expansive unobstructed views like this. Please come stand on the back deck of this home to experience it yourself!"
* NEW LISTING 
$383,000
1945 E HEATHER OAKS CT., Draper UT 84020
5
BEDS
4
BATHS
3,196
SQFT
$120
$/SQFT
0.22
ACRES
2000
BUILT
"Wonderful 2 story located in a fantastic Cul-de-sac in Suncrest. Amazing mountain views and close to parks and community pool. Great open and functional floor plan with wood floors and two story family room. A real must see. Tenant occupied so please give 24 hour notice to show this great house. Square footage per county. Buyer must verify."
* NEW LISTING 
$385,000
15094 S ALDER GLEN LN, Draper UT 84020
5
BEDS
4
BATHS
2,822
SQFT
$136
$/SQFT
0.12
ACRES
2001
BUILT
"Live above it all and enjoy the blue skies and clean air in popular Draper subdivision. Spacious home with vaulted ceilings and big windows. Four bedrooms with two full baths on second floor with laundry on same floor for extra convenience. Kitchen updated with granite. Beautiful wood floors on main; newly finished basement with kitchen that also has granite. All appliances stay. Wired with CAT 5"
* PRICE LOWERED - $395,000 TO $385,000 
$389,900
1791 E LONE OAK DR, Draper UT 84020
4
BEDS
3
BATHS
3,069
SQFT
$127
$/SQFT
0.13
ACRES
2003
BUILT
"Beautiful Suncrest home on quiet residential street! 4 bedrooms on the second level OR 3 bedrooms and a bonus room! Large master shower and walk-in closet, lots of storage. Nice neighborhood above the inversion, close to mountain hiking and biking trails all year! Enjoy views of Wasatch Range, including Lone Peak, from the huge TREX deck (with seating) that provides access from the kitchen and extends the living space of the home. Large basketball court and Dominator basketball standard, high quality shed in backyard for storage, new garage door - all less than 10 minutes to I-15 and Timpanogos Highway! Buyer to verify all information."
$407,999
14747 S HADDINGTON RD, Draper UT 84020
2
BEDS
2
BATHS
2,942
SQFT
$139
$/SQFT
0.12
ACRES
2017
BUILT
"Edelweiss - 108 - Pomerelle. ESTIMATED COMPLETION IN LATE OCTOBER. This stunning Pomerelle home design features 2 bedrooms, 2 bathrooms, and a formal living room/office. The great room features a vaulted ceiling and laminate flooring throughout. The chef's kitchen includes stainless steel appliances and granite countertops. The home also includes a grand master suite with walk-in closet, double vanity, and large garden tub. Edelweiss is a secluded community located on the southwest side of Lone Peak a nestled high into the ridgeline. A community pool, clubhouse with work-out room, and an abundance of open space all make Edelweiss easy to call home. his home also features Smart Home technology, which allows homeowners to control their home from their phone. See who is on your front porch, unlock your door, and adjust the thermostat all with the touch of a button. Square footage figures are provided as a courtesy estimate only and were obtained from builder Buyer is advised to obtain an independent measurement. Rendering is for illustrative purposes only. Actual features and elevations may vary. Call today to learn more about this home."
$409,900
1328 E VISTA VALLEY DR, Draper UT 84020
4
BEDS
3
BATHS
2,892
SQFT
$142
$/SQFT
0.01
ACRES
2005
BUILT
"This is an incredible opportunity to live in this exclusive gated community located on the Draper mountain. Located just 5 minutes from I-15, grocery stores and shopping, this home provides the perfect escape from city life. This 4 bed 3 bath home has a Master on the main with a den looking out to the hill tops of Draper. There is new carpet and paint and has one of the more private backyards and deck. Hiking and biking trails, a must see. "
$419,900
15208 S EAGLE CHASE DR, Draper (Ut Cnty) UT 84020
4
BEDS
4
BATHS
3,784
SQFT
$111
$/SQFT
0.13
ACRES
2007
BUILT
"Can we just start by addressing the elephant in the room? If you overlooked this home when it first hit the market, you can rest assured there is no figurative elephant in the room on the property. Frankly, we're glad we have a chance to showcase it now. Welcome to 15208 S. Eagle Chase Drive, where open concept is the order of the day. We hear from home buyers all the time that they want something that's open and ready with space to entertain. Fist pump. Nailed it. The main floor is screaming for a Saturday football party (Go Utes! Go Cougs!) or a chef who knows their way 'round a well-provisioned kitchen. A TRIPLE panel sliding glass door leads to the massive deck with a built in hot tub and is surrounded by mature landscaping. Lemonade or sangria, anyone? Upstairs is functional and balanced with its three bedrooms, two bathrooms, a universal loft or office, and a laundry room that can easily handle a week or two worth of clothes. Spoiler alert: The master and loft have views! Downstairs is fully finished and finds another bedroom, bathroom and a family room that that is ready to go now, but equipped to handle a wet bar or kitchenette if that's in your future (high five for thinking ahead, amirite?) Clean, functional, and beautiful: don't let this one slip by again."
* NEW LISTING 
$421,900
1941 E VISTA RIDGE CT, Draper UT 84020
5
BEDS
4
BATHS
3,356
SQFT
$126
$/SQFT
0.27
ACRES
2002
BUILT
" ***Upper 2 floors will be painted first week in August. Repairs are being done. New Photos will be taken after painting and repairs are completed*** Enjoy mountain living above the inversion! This home is extremely upgraded and features amazing views, 3-car garage and an upgraded kitchen! The backyard is fully fenced and features views in every direction!"
$427,900
14899 S CANYON POINT DR Unit 140, Draper (Ut Cnty) UT 84020
3
BEDS
2
BATHS
3,302
SQFT
$130
$/SQFT
0.26
ACRES
2017
BUILT
"Hidden Canyon Estates is a new and prestigious community located on the Eastside bench of Draper. With radiant views of Mount Timpanogas, Utah Lake and the Salt Lake Valley, building in this unique community is a once in a lifetime opportunity. The surrounding area is amazing as it borders expansive parks, numerous trailheads, and majestic mountains. Experience the best of Utah's outdoors. In addition to major shopping areas-The Outlets at Traverse Mountain and Draper Peaks-literally 15 minutes away. Homes in this luxurious community have large, mountainside lots and features exclusive to this community: upscale Craftsman elevations, cozy fireplaces, and high quality granite countertops throughout. GEORGIA-B FLOOR PLAN. "
$428,900
14942 S AUBURN SKY DR Unit 148, Draper (Ut Cnty) UT 84020
3
BEDS
2
BATHS
3,302
SQFT
$130
$/SQFT
0.27
ACRES
2017
BUILT
"Hidden Canyon Estates is a new and prestigious community located on the Eastside bench of Draper. With radiant views of Mount Timpanogas, Utah Lake and the Salt Lake Valley, building in this unique community is a once in a lifetime opportunity. The surrounding area is amazing as it borders expansive parks, numerous trailheads, and majestic mountains. Experience the best of Utah's outdoors. In addition to major shopping areas-The Outlets at Traverse Mountain and Draper Peaks-literally 15 minutes away. Homes in this luxurious community have large, mountainside lots and features exclusive to this community: upscale Craftsman elevations, cozy fireplaces, and high quality granite countertops throughout. GEORGIA-B FLOOR PLAN. "
* NEW LISTING 
$438,900
14923 S AUBURN SKY DR Unit 127, Draper (Ut Cnty) UT 84020
3
BEDS
3
BATHS
3,959
SQFT
$111
$/SQFT
0.21
ACRES
2017
BUILT
"Hidden Canyon Estates is a new and prestigious community located on the Eastside bench of Draper. With radiant views of Mount Timpanogas, Utah Lake and the Salt Lake Valley, building in this unique community is a once in a lifetime opportunity. The surrounding area is amazing as it borders expansive parks, numerous trailheads, and majestic mountains. Experience the best of Utah's outdoors. In addition to major shopping areas-The Outlets at Traverse Mountain and Draper Peaks-literally 15 minutes away. Homes in this luxurious community have large, mountainside lots and features exclusive to this community: upscale Craftsman elevations, cozy fireplaces, and high quality granite countertops throughout. HADLEY-B FLOOR PLAN. "
* NEW LISTING 
$439,900
2158 E BALD EAGLE CT, Draper (Ut Cnty) UT 84020
4
BEDS
3
BATHS
3,898
SQFT
$113
$/SQFT
0.17
ACRES
2005
BUILT
"This hard to find Sun Crest rambler, with an open floor plan, a formal living/dining room, a main floor kitchen/great room, and a 3 car garage, features stunning mountain and valley views. For your enjoyment, this 2005 Energy Star Certified Parade of Homes home is spectacular. It has a great family room in the basement, as well as all the storage you are looking for. If desired, the basement is plumbed for a second kitchen. Less than 10 minutes to 1-15 and Timpanogos Highway. It has been loved, well cared for, and is a MUST SEE. Easy to show. "
* PRICE LOWERED - $450,000 TO $439,900 
$439,999
14749 S HADDINGTON RD, Draper UT 84020
3
BEDS
3
BATHS
2,955
SQFT
$149
$/SQFT
0.12
ACRES
2017
BUILT
"Edelweiss - 107 - Cortina. ESTIMATED COMPLETION IN EARLY OCTOBER. This charming Cortina home design features 3bedrooms, 2.5 bathrooms, and a spacious loft area. The main floor includes a formal living room, great room with gas fireplace, and chef's kitchen with stainless steel appliances and granite countertops. Upgraded laminate flooring and nine foot ceilings run throughout the main floor, and a powder bath can be found next to the entrance of the 2-car garage. The second floor features two guest bedrooms and guest bath, along with a grand master suite boasting a large walk-in closet and double vanity. Edelweiss is a secluded community located on the southwest side of Lone Peak a nestled high into the ridgeline. A community pool, clubhouse with work-out room, and an abundance of open space all make Edelweiss easy to call home. This home also features Smart Home technology, which allows homeowners to control their home from their phone. See who is on your front porch, unlock your door, and adjust the thermostat all with the touch of a button. Rendering is for illustrative purposes only. Actual features and elevations may vary. Square footage figures are provided as a courtesy estimate only and were obtained from builder. Buyer is advised to obtain an independent measurement. Call today to learn more about this home."
$441,900
14918 S AUBURN SKY DR Unit 146, Draper (Ut Cnty) UT 84020
3
BEDS
3
BATHS
3,959
SQFT
$112
$/SQFT
0.28
ACRES
2017
BUILT
"Hidden Canyon Estates is a new and prestigious community located on the Eastside bench of Draper. With radiant views of Mount Timpanogas, Utah Lake and the Salt Lake Valley, building in this unique community is a once in a lifetime opportunity. The surrounding area is amazing as it borders expansive parks, numerous trailheads, and majestic mountains. Experience the best of Utah's outdoors. In addition to major shopping areas-The Outlets at Traverse Mountain and Draper Peaks-literally 15 minutes away. Homes in this luxurious community have large, mountainside lots and features exclusive to this community: upscale Craftsman elevations, cozy fireplaces, and high quality granite countertops throughout. HADLEY-B FLOOR PLAN. "
* NEW LISTING 
$445,900
14933 S AUBURN SKY DR Unit 128, Draper (Ut Cnty) UT 84020
3
BEDS
3
BATHS
3,466
SQFT
$129
$/SQFT
0.26
ACRES
2017
BUILT
"Hidden Canyon Estates is a new and prestigious community located on the Eastside bench of Draper. With radiant views of Mount Timpanogas, Utah Lake and the Salt Lake Valley, building in this unique community is a once in a lifetime opportunity. The surrounding area is amazing as it borders expansive parks, numerous trailheads, and majestic mountains. Experience the best of Utah's outdoors. In addition to major shopping areas-The Outlets at Traverse Mountain and Draper Peaks-literally 15 minutes away. Homes in this luxurious community have large, mountainside lots and features exclusive to this community: upscale Craftsman elevations, cozy fireplaces, and high quality granite countertops throughout. MORGAN FLOOR PLAN. "
* NEW LISTING 
$447,900
14932 S AUBURN SKY DR Unit 147, Draper (Ut Cnty) UT 84020
3
BEDS
3
BATHS
3,466
SQFT
$129
$/SQFT
0.28
ACRES
2017
BUILT
"Hidden Canyon Estates is a new and prestigious community located on the Eastside bench of Draper. With radiant views of Mount Timpanogas, Utah Lake and the Salt Lake Valley, building in this unique community is a once in a lifetime opportunity. The surrounding area is amazing as it borders expansive parks, numerous trailheads, and majestic mountains. Experience the best of Utah's outdoors. In addition to major shopping areas-The Outlets at Traverse Mountain and Draper Peaks-literally 15 minutes away. Homes in this luxurious community have large, mountainside lots and features exclusive to this community: upscale Craftsman elevations, cozy fireplaces, and high quality granite countertops throughout. MORGAN FLOOR PLAN. "
* NEW LISTING 
 
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