502 1040, American Fork, UT 84003
1BD/—BA Residential in American Fork, UT 84003. 930 sqft. Built 2006. Listed at $204,890. MLS #2149848.
1BD/—BA Residential in American Fork, UT 84003. 930 sqft. Built 2006. Listed at $204,890. MLS #2149848.
$15,000 Price Reduction!!! Welcome to the largest and most spacious one-bedroom unit in highly sought-after Timpanogos Village, Utah County's premier 55+ community. This beautifully updated condo offers comfort, convenience, and a vibrant lifestyle in a well-maintained setting. Step inside to discover a bright, open floor plan featuring 9-foot ceilings that create an airy, expansive feel throughout the main living area. The generous living room provides ample space for relaxing or entertaining, while the adjoining kitchen is equipped with granite countertops, bar seating, abundant cabinetry, and plenty of storage. Recent updates include new luxury vinyl plank (LVP) flooring, fresh paint, and updated faucets, making this home truly move-in ready. The large bedroom offers excellent space and comfort, complete with a walk-in closet and easy access to a well-appointed bathroom. Enjoy the added convenience of a private storage shed, providing extra space for your belongings. Timpanogos Village residents enjoy beautifully landscaped grounds and a wide range of amenities, including a pool, hot tub, clubhouse/party room, game room, media library, and on-site beauty salon-perfect for an active and social lifestyle. The monthly HOA fee covers cable TV, internet, water, sewer, trash, and full grounds maintenance, offering low-maintenance living and peace of mind. Don't miss this opportunity to own a spacious, updated home in one of Utah County's most desirable 55+ communities. Buyer to verify all information.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Top Level
Stories
1
Subdivision
MT TIMPANOGOS VILLA
County
Utah
Zoning
Single-Family
Construction
Stone,Stucco
Lot Size
0.01 sq ft
Above Grade Area
930 sq ft
Condition
Blt./Standing
MLS #
2149848
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Top Level
Stories
1
Subdivision
MT TIMPANOGOS VILLA
County
Utah
Zoning
Single-Family
Construction
Stone,Stucco
Lot Size
0.01 sq ft
Above Grade Area
930 sq ft
Condition
Blt./Standing
MLS #
2149848
List Price
$204,890
Original Price
$219,900
HOA Fees
$376 / Monthly
Annual Taxes
$1,029
Home Warranty
No
List Price
$204,890
Original Price
$219,900
HOA Fees
$376 / Monthly
Annual Taxes
$1,029
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet
Basement
None
Materials
Stone,Stucco
Appliances
Microwave,Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet
Basement
None
Materials
Stone,Stucco
Appliances
Microwave,Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Covered Spaces
1
Total Parking
2
Covered Spaces
1
Total Parking
2
Why this is a deal
Classification
Exceptional DealDeal Score
100/100
vs Similar Homes
34% below
vs Market Median
23% below
Price Reduced
6.8%
Area Growth (YoY)
2.3%
Deal Score Breakdown
100/100 · 3 qualifying signals
Priced 34% below the median of similar listings
Priced 23% below the per-subtype city median
7% price reduction from original list — seller may be motivated
2.3% year-over-year ZHVI growth in this area
LT net cashflow -$912/mo (-51.9% return on ownership cost) · STR net cashflow -$872/mo (-49.7% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
Monthly Rent
$959/mo
Range: $709 – $1,210
Net Monthly Cash Flow
−$912 /mo (−$10,943/yr)
Monthly rental income
Monthly ownership cost
Coverage
55%
Net /mo
−$912
DSCR
0.83
Est. Annual Revenue
$15,153/yr
$364/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$871 /mo (−$10,454/yr)
Monthly STR income
Monthly ownership cost
Coverage
72%
Net /mo
−$872
DSCR
0.87
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$485,990
-58% vs median
59 days
123
$187,000 – $4,500,000
$1,029
$376/monthly
Moderate
7.3
per 1,000
21.9
per 1,000
14.1
per 1,000
43.3
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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