Question 1

What is the asking price for 502 1040, American Fork?

Accepted Answer

502 1040, American Fork is listed at $187,000 ($265/sqft).  This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 502 1040, American Fork have?

Accepted Answer

This Residential features 1 bedroom, 1 bathroom, 706 square feet of living space. It is a 1-story home. The lot is 0.02 acres.

Question 3

When was 502 1040, American Fork built?

Accepted Answer

This property was built in 2007, making it 19 years old. Built in the early 2000s, the home benefits from modern construction standards and may have updated systems.

Question 4

What type of property is 502 1040, American Fork?

Accepted Answer

502 1040, American Fork is a Residential (Condominium). The architectural style is Condo; Main Level. It is located in the MOUNT TIMP VILLAGE subdivision. Zoning: Single-Family, Multi-Family.

Question 5

Does 502 1040, American Fork have a garage or parking?

Accepted Answer

Yes, this property includes a carport. Total parking capacity: 1 vehicles.

Question 6

Is there an HOA for 502 1040, American Fork?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $356 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

What are the property taxes for 502 1040, American Fork?

Accepted Answer

Annual property taxes for this property are approximately $929 (about $77/month). This represents an effective tax rate of approximately 0.50% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 502 1040, American Fork?

Accepted Answer

Interior features include: Bath: Primary, Closet: Walk-In, Disposal, Range/Oven: Free Stdng.. Exterior features include: Entry (Foyer), Porch: Open.    View: Mountain(s).

Question 9

Is 502 1040, American Fork a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Exceptional Deal" with a deal score of 59/100. Key deal signals: Priced 41% below similar homes; Priced 44% below market median (per-type); 4.5% gross rental yield. The price is 41% below similar homes in the area. This analysis considers price relative to comparables, days on market, price reductions, and market conditions.

Question 10

How does this price compare to similar homes in American Fork?

Accepted Answer

The median price for similar properties in the area is $317,450 (based on 6 homes). At $187,000, this listing is 41% below the median for comparable homes. It ranks #Deep Discount among similar listings by value.

Question 11

What would the monthly mortgage payment be for 502 1040, American Fork?

Accepted Answer

At the current 30-year mortgage rate of 6.46% with 20% down, the estimated monthly principal and interest payment is $942. Including estimated taxes and HOA fees, the total monthly cost is approximately $1,375. A 15-year mortgage at 5.77% would be $1,244/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 12

How long has 502 1040, American Fork been on the market?

Accepted Answer

This property has been listed for 21 days. The average days on market in American Fork is 58 days, meaning this listing is moving faster than the local average.

Question 13

Is 502 1040, American Fork a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $8,339 with a gross rental yield of 4.5%. Net rental yield (after estimated expenses): 2.9%.  Estimated debt service coverage ratio (DSCR): 0.55. Investor score: 47/100. These are estimates based on area comparables.

Question 14

What is the estimated rental income for 502 1040, American Fork?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $695 ($8,340/year). The gross rent multiplier is 22.4x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 15

What lifestyle features does 502 1040, American Fork offer?

Accepted Answer

Propaired's AI has identified 2 lifestyle features for this property: Pool, Master-Planned Community. The primary lifestyle niche is "master_planned." These tags are derived from MLS data, property features, and location analysis.

Question 16

Does 502 1040, American Fork have a pool?

Accepted Answer

Yes, this property includes a private pool.  Utah summers can reach 100°F+, making a pool a valuable amenity. Consider seasonal maintenance costs of approximately $2,000-$4,000/year for a Utah pool.

Question 17

What recreation is near 502 1040, American Fork?

Accepted Answer

This property has a recreation score of 67/100. Nearby recreation includes: Canyon Road trailhead (2.6 mi); Bamberger Park park (0.4 mi); Fox Hollow Golf Course (2.6 mi); Flight Park State Recreation Area (9.1 mi). Skiing: Sundance Resort (9.8 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 18

Are there hiking trails near 502 1040, American Fork?

Accepted Answer

Yes, the nearest trailhead is Canyon Road, just 2.6 miles from the property. Flight Park State Recreation Area is 9.1 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 19

What amenities and services are near 502 1040, American Fork?

Accepted Answer

This property has an amenity proximity score of 95/100. Nearby services include: Grocery: Maverik Adventure's First Stop (0.4 mi); Hospital: Tomorrow's Health (0.9 mi); Pharmacy: CVS Pharmacy (0.8 mi); Dining: La Costa Restaurant (0.3 mi). Gas station: 0.4 miles. Gym: Mayfield Swimming Pool (0.5 mi).

Question 20

How far is the nearest hospital from 502 1040, American Fork?

Accepted Answer

The nearest hospital is Tomorrow's Health, approximately 0.9 miles from the property. The nearest fire station is 1.4 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 21

What schools serve 502 1040, American Fork?

Accepted Answer

Assigned schools: Elementary: Greenwood; Middle: American Fork; High: American Fork.   School district: Alpine.

Question 22

What is the internet speed at 502 1040, American Fork?

Accepted Answer

This property has a broadband score of 100/100 (Excellent). Best available speed: 10000 Mbps download / 10000 Mbps upload. Fiber internet is available at this address. Available providers: AT&T (25 Mbps, Fixed Wireless); CentraCom (1000 Mbps, Fiber); CenturyLink (1000 Mbps, Fiber). Total providers: 14.

Question 23

Is 502 1040, American Fork in a flood zone?

Accepted Answer

This property is classified as low. FEMA flood zone: X (AREA OF MINIMAL FLOOD HAZARD). Flood insurance is not typically required but may be recommended.  Always verify current FEMA maps as they are periodically updated.

Question 24

How does this listing compare to the American Fork market?

Accepted Answer

502 1040, American Fork is listed at $187,000, which is below the American Fork median of $488,250 by $301,250. There are currently 99 active listings in American Fork. Homes in American Fork sell in an average of 58 days. The average sale-to-list ratio is 98.9%.

Question 25

What is the American Fork neighborhood like?

Accepted Answer

Charming Wasatch Front city. Strong community feel, excellent schools, good shopping/dining, outdoor access to Provo Canyon and mountains. Family-oriented. American Fork is known for: family-friendly, community-feel, good-schools, shopping. Population: approximately 35,000. Explore the full American Fork market data and community guide on Propaired.

Question 26

How does this price compare to the Utah state average?

Accepted Answer

At $187,000, this property is below the Utah state median of $510,000 by $323,000. American Fork prices are 4% below the state average. Utah's housing market varies significantly by region — front-range cities near SLC are typically more expensive than rural areas.

Question 27

What is the Propaired intelligence score for 502 1040, American Fork?

Accepted Answer

This property has a Propaired intelligence score of 65/100, combining deal value (59), recreation access (67), amenity proximity (95), broadband quality (100), and lifestyle features (2 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 28

What heating and cooling systems does 502 1040, American Fork have?

Accepted Answer

Heating: Forced Air. Cooling: Central Air. Modern HVAC systems typically last 15-20 years with proper maintenance. Utah's climate ranges from sub-zero winters to 100°F+ summers, making reliable heating and cooling essential.

Question 29

What type of roof does 502 1040, American Fork have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 19-year-old home, reviewing recent roof inspections is recommended.

Question 30

Does 502 1040, American Fork have a basement?

Accepted Answer

Yes, the basement is described as: None. Basements in Utah are common and add versatile living or storage space. Check for any signs of moisture or foundation issues during the home inspection.

Question 31

What is 502 1040, American Fork constructed from?

Accepted Answer

Construction materials include: Asphalt,Stucco. The construction type affects long-term maintenance requirements and insurance costs.

Question 32

What type of flooring does 502 1040, American Fork have?

Accepted Answer

Flooring types include: Carpet.   Carpeted areas provide warmth and comfort, especially in bedrooms.

Question 33

What are the water and sewer connections for 502 1040, American Fork?

Accepted Answer

Water source: Culinary. Sewer: Sewer: Connected,Sewer: Public.  Municipal sewer service means no septic maintenance costs. Water is a critical consideration in Utah's arid climate.

Question 34

What is the commute like from 502 1040, American Fork?

Accepted Answer

502 1040, American Fork is located in American Fork, in the Wasatch Front region of Utah. With a population of approximately 35,000, American Fork has good transportation access. Commute times vary by destination — most Wasatch Front cities are within 30-60 minutes of downtown Salt Lake City via I-15. Consider rush-hour traffic patterns when evaluating this location.

Question 35

What shopping and dining is near 502 1040, American Fork?

Accepted Answer

The nearest restaurant is La Costa Restaurant (0.3 miles away) and the nearest grocery store is Maverik Adventure's First Stop (0.4 miles). Coffee: The Coffee Shop (0.5 mi). Banking: Capital Community Bank (0.5 mi). Overall amenity proximity score: 95/100.

Question 36

What is the American Fork community like?

Accepted Answer

American Fork is known for: family-friendly, community-feel, good-schools, shopping, outdoor-access. The city has approximately 35,000 residents. The median home price in American Fork is $480,000. Explore the full American Fork community profile on Propaired for detailed neighborhood insights.

Question 37

Is American Fork a safe and family-friendly area?

Accepted Answer

American Fork is characterized as: family-friendly, community-feel. With a population of about 35,000, American Fork offers a family-oriented environment. For detailed crime statistics and neighborhood safety data, consult local law enforcement resources and community reports.

Question 38

What would homeowner's insurance cost for 502 1040, American Fork?

Accepted Answer

Homeowner's insurance in Utah typically ranges from 0.3% to 0.5% of the home's value annually. For a home listed at $187,000, expect approximately $561-$935/year ($47-$78/month).   Get multiple quotes — rates vary significantly by insurer.

Question 39

What are the estimated closing costs for 502 1040, American Fork?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $187,000, expect approximately $3,740-$9,350 in closing costs. This includes title insurance, escrow fees, lender fees, recording fees, and prepaid items (insurance, taxes). Buyers should also budget for a home inspection ($300-$500), appraisal ($400-$600), and any lender-required reserves.

Question 40

How does the property tax compare to the list price at 502 1040, American Fork?

Accepted Answer

The annual property tax of $929 represents an effective rate of 0.50% relative to the list price of $187,000. This is below the Utah average effective rate of approximately 0.58%, which is favorable for the buyer. Property taxes in Utah are assessed by the county and can change when the property is sold.

Question 41

What are the total estimated monthly costs for 502 1040, American Fork?

Accepted Answer

Estimated total monthly housing cost: $1,437. This includes principal & interest ($942 at 6.46% with 20% down), property tax ($77/mo), HOA ($356/mo), and estimated insurance (~$62/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 42

Is 502 1040, American Fork eligible for FHA or VA financing?

Accepted Answer

At $187,000, this property is likely within FHA loan limits for most Utah counties. VA loans have no price cap but require VA eligibility.    Consult a mortgage lender for personalized eligibility.

Question 43

What is the estimated cap rate for 502 1040, American Fork?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 2.9%, based on estimated annual rent of $8,339 and a purchase price of $187,000. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 44

Is American Fork a good rental market?

Accepted Answer

Estimated monthly rent in American Fork is approximately $1,737. Homes in American Fork sell in an average of 58 days, indicating healthy demand in this market. There are 99 active listings currently. Gross rental yield in this area: 4.5%. Utah's steady population growth continues to drive rental demand.

Question 45

How does 502 1040, American Fork compare to recently sold homes nearby?

Accepted Answer

Based on 6 comparable properties, the median sold price in this area is $317,450. This listing is 41% below the comparable median. It ranks Deep Discount among similar listings by value. The median for this property type specifically is $335,000. Comparable analysis is based on similar size, age, and location.

Question 46

Is the American Fork neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 1.6% over the past year. The current Zillow Home Value Index for this area is $515,798. This listing is priced at 36% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 47

What is the price trend in American Fork?

Accepted Answer

American Fork's median price has decreased 15.4% month-over-month. Current median: $488,250. Days on market have decreased by 61.2% month-over-month. Homes are selling at 98.9% of list price on average. Monitor these trends to time your offer strategically.

Question 48

Is 502 1040, American Fork overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Exceptional Deal." At 41% below comparable homes, this property appears competitively priced. Deal score: 59/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 49

What school district is 502 1040, American Fork in?

Accepted Answer

This property is in the Alpine school district. Assigned elementary: Greenwood. Assigned middle: American Fork. Assigned high: American Fork. School district boundaries can affect property values by 5-15%. Contact the district directly to confirm current enrollment boundaries, as they may change.

Question 50

What parks are near 502 1040, American Fork?

Accepted Answer

The nearest local park is Bamberger Park (0.4 miles away). The nearest state park is Flight Park State Recreation Area (9.1 miles).  Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 51

Is there a golf course near 502 1040, American Fork?

Accepted Answer

The nearest golf course is Fox Hollow Golf Course, 2.6 miles from the property. Utah has over 80 golf courses statewide with a season running from March through November in most areas. Close proximity to a golf course is a desirable feature that can enhance property value.

Question 52

What water activities are near 502 1040, American Fork?

Accepted Answer

Water recreation near this property includes: Utah Lake (10.1 mi); boat ramp at American Fork Boat Harbor (2.1 mi); fishing at Provo River (10.7 mi).  Utah offers diverse water recreation from mountain reservoirs to desert lakes. Popular activities include boating, kayaking, paddle boarding, and fishing — a Utah fishing license is required for anglers.

Question 53

Is 502 1040, American Fork move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 54

Does 502 1040, American Fork come with a home warranty?

Accepted Answer

No home warranty is currently included with this property. Buyers can request a home warranty as part of the purchase negotiation — they typically cost $400-$700/year and cover major systems and appliances. This is especially valuable for older homes.

Question 55

What is the lot like at 502 1040, American Fork?

Accepted Answer

The lot is 0.02 acres. Lot features: Sidewalks,Sprinkler: Auto-Full,View: Mountain. Terrain: Sidewalks, Sprinkler: Auto-Full, View: Mountain. Views: Mountain(s).  Lot characteristics affect usability, privacy, and future improvement potential.

Question 56

What utilities are available at 502 1040, American Fork?

Accepted Answer

Available utilities include: Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected. Water source: Culinary. Sewer: Sewer: Connected,Sewer: Public. Utility costs in Utah vary by season — expect higher heating bills in winter and cooling costs in summer. Contact local utility providers for average monthly cost estimates for this address.

Question 57

Is there EV charging near 502 1040, American Fork?

Accepted Answer

The nearest EV charging station is Doug Smith Mitsubishi, approximately 2.0 miles from the property. A home EV charger can be installed if 240V electrical service is available. Utah offers a growing EV charging network along major corridors and in urban centers. Convenient public charging is available nearby for supplemental needs.

502 1040, American Fork, UT 84003

502 S 1040 E #D150, American Fork, UT 84003

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