Question 1

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

Accepted Answer

502 1040, American Fork is listed at $204,890 ($220/sqft). The original list price was $219,900, representing a reduction of $15,010. 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, 930 square feet of living space. It is a 1-story home. The lot is 0.01 acres.

Question 3

When was 502 1040, American Fork built?

Accepted Answer

This property was built in 2006, making it 20 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; Top Level. It is located in the MT TIMPANOGOS VILLA subdivision. Zoning: Single-Family.

Question 5

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

Accepted Answer

Yes, this property includes 1 open parking space and a carport. Total parking capacity: 2 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 $376 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 $1,029 (about $86/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: Alarm: Fire, Closet: Walk-In, Disposal, Great Room, Kitchen: Updated. Exterior features include: Double Pane Windows, Entry (Foyer).  Private pool included.  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 100/100. Key deal signals: Priced 34% below similar homes; Priced 23% below market value; 7% price reduction from original list. The price is 34% 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 $309,950 (based on 10 homes). At $204,890, this listing is 34% below the median for comparable homes. It ranks #Deep Discount among similar listings by value.

Question 11

Has the price been reduced on 502 1040, American Fork?

Accepted Answer

Yes, the price has been reduced by 6.8% from the original list price of $219,900 to the current price of $204,890 — a reduction of $15,010. Price reductions can indicate seller motivation or market adjustment.

Question 12

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

Accepted Answer

At the current 30-year mortgage rate of 6.36% with 20% down, the estimated monthly principal and interest payment is $1,021. Including estimated taxes and HOA fees, the total monthly cost is approximately $1,483. A 15-year mortgage at 5.71% would be $1,358/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 13

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

Accepted Answer

This property has been listed for 40 days. The average days on market in American Fork is 59 days, meaning this listing is moving faster than the local average.

Question 14

Is 502 1040, American Fork a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $11,513 with a gross rental yield of 5.6%. Net rental yield (after estimated expenses): 3.6%.  Estimated debt service coverage ratio (DSCR): 0.83. Investor score: 55/100. These are estimates based on area comparables.

Question 15

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 $959 ($11,508/year). The gross rent multiplier is 17.8x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 16

What lifestyle features does 502 1040, American Fork offer?

Accepted Answer

Propaired's AI has identified 3 lifestyle features for this property: Pool, Luxury Estate, Hot Tub/Spa. The primary lifestyle niche is "luxury_estate." These tags are derived from MLS data, property features, and location analysis.

Question 17

Does 502 1040, American Fork have a pool?

Accepted Answer

Yes, this property includes a private pool. A hot tub/spa is also included. 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 18

What makes 502 1040, American Fork a luxury property?

Accepted Answer

This property is classified as a luxury estate based on its price point, features, and location. At 930 sqft on 0.01 acres, it offers premium living.    Luxury properties in Utah benefit from no state estate tax and relatively low property tax rates.

Question 19

What recreation is near 502 1040, American Fork?

Accepted Answer

This property has a recreation score of 66/100. 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 20

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 21

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

Accepted Answer

This property has an amenity proximity score of 82/100. Nearby services include: Grocery: Jalisco's Market (0.9 mi); Hospital: Tomorrow's Health (0.9 mi); Pharmacy: CVS Pharmacy (0.8 mi); Dining: Chipotle (0.8 mi). Gas station: 1.7 miles. Gym: Shoot 360 Lehi (3.2 mi).

Question 22

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 23

What schools serve 502 1040, American Fork?

Accepted Answer

Assigned schools: Elementary: Greenwood; Middle: American Fork; High: American Fork. There are 3 schools within 3 miles of this property. The highest-rated nearby school is Deerfield School with a 58% state performance score (2.9 miles away). School district: Alpine.

Question 24

What high school is near 502 1040, American Fork?

Accepted Answer

The nearest high school is American Fork. View the full school profile on Propaired for test scores, enrollment, and student-to-teacher ratios.

Question 25

What elementary school is near 502 1040, American Fork?

Accepted Answer

The nearest elementary school is Greenwood (1.4 miles away). State performance score: 56%. District: Alpine District. Propaired provides full school ratings and comparison data for all schools in this area.

Question 26

What middle school is near 502 1040, American Fork?

Accepted Answer

The nearest middle school is American Fork.

Question 27

How good are the schools near 502 1040, American Fork?

Accepted Answer

Of the 3 schools within 3 miles, 3 have state performance data with an average score of 57%.  School quality is a key factor in home values — properties near top-rated schools typically command a 5-10% premium. Visit each school's detail page on Propaired for full performance breakdowns.

Question 28

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 29

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 30

How does this listing compare to the American Fork market?

Accepted Answer

502 1040, American Fork is listed at $204,890, which is below the American Fork median of $485,990 by $281,100. There are currently 123 active listings in American Fork. Homes in American Fork sell in an average of 59 days. The average sale-to-list ratio is 99.1%.

Question 31

What is the American Fork real estate market like in 2026?

Accepted Answer

In 2026, the median home price in American Fork is $485,990. There are currently 123 active listings. Homes sell in an average of 59 days. The average sale-to-list ratio is 99.1%. This listing at $204,890 is below the American Fork 2026 median.

Question 32

Are there other homes for sale in American Fork?

Accepted Answer

Yes — there are currently 123 active listings in American Fork. Browse all American Fork homes for sale at propaired.ai/listings/ut/american-fork. Prices range around a median of $485,990. Homes in American Fork are selling in about 59 days on average.

Question 33

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 34

How does this price compare to the Utah state average?

Accepted Answer

At $204,890, this property is below the Utah state median of $517,990 by $313,100. American Fork prices are 6% 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 35

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

Accepted Answer

This property has a Propaired intelligence score of 77/100, combining deal value (100), recreation access (66), amenity proximity (82), broadband quality (100), and lifestyle features (3 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 36

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

Accepted Answer

Heating: Forced Air,Gas: Central. 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 37

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 20-year-old home, reviewing recent roof inspections is recommended.

Question 38

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 39

What is 502 1040, American Fork constructed from?

Accepted Answer

Construction materials include: Stone,Stucco. Stone construction provides exceptional durability and a premium aesthetic.

Question 40

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 41

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 42

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 43

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

Accepted Answer

The nearest restaurant is Chipotle (0.8 miles away) and the nearest grocery store is Jalisco's Market (0.9 miles). Coffee: 7-Eleven (1.3 mi). Banking: Mountain America Credit Union (1.1 mi). Overall amenity proximity score: 82/100.

Question 44

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 45

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 46

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 $204,890, expect approximately $615-$1,024/year ($51-$85/month).   Get multiple quotes — rates vary significantly by insurer.

Question 47

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 $204,890, expect approximately $4,098-$10,245 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 48

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

Accepted Answer

The annual property tax of $1,029 represents an effective rate of 0.50% relative to the list price of $204,890. 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 49

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

Accepted Answer

Estimated total monthly housing cost: $1,551. This includes principal & interest ($1,021 at 6.36% with 20% down), property tax ($86/mo), HOA ($376/mo), and estimated insurance (~$68/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 50

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

Accepted Answer

At $204,890, 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 51

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

Accepted Answer

The estimated cap rate (net rental yield) for this property is 3.6%, based on estimated annual rent of $11,513 and a purchase price of $204,890. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 52

Is American Fork a good rental market?

Accepted Answer

Estimated monthly rent in American Fork is approximately $1,246. Homes in American Fork sell in an average of 59 days, indicating healthy demand in this market. There are 123 active listings currently. Gross rental yield in this area: 5.6%. Utah's steady population growth continues to drive rental demand.

Question 53

Could 502 1040, American Fork be a 1031 exchange property?

Accepted Answer

Yes, 502 1040, American Fork could potentially qualify for a 1031 like-kind exchange if used as an investment or business property. A 1031 exchange allows deferral of capital gains taxes by reinvesting proceeds from one investment property into another. Key requirements include identifying a replacement property within 45 days and closing within 180 days. The property must be held for investment purposes — personal residences do not qualify. Consult a qualified intermediary and tax advisor for specific guidance.

Question 54

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

Accepted Answer

Based on 10 comparable properties, the median sold price in this area is $309,950. This listing is 34% below the comparable median. It ranks Deep Discount among similar listings by value. The median for this property type specifically is $349,990. Comparable analysis is based on similar size, age, and location.

Question 55

Is the American Fork neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 2.3% over the past year. The current Zillow Home Value Index for this area is $144,721. This listing is priced at 142% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 56

What is the price trend in American Fork?

Accepted Answer

American Fork's median price has decreased 16.1% month-over-month. Current median: $485,990. Days on market have increased by 38.6% month-over-month. Homes are selling at 99.1% of list price on average. Monitor these trends to time your offer strategically.

Question 57

Is 502 1040, American Fork overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Exceptional Deal." At 34% below comparable homes, this property appears competitively priced. Deal score: 100/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 58

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 59

How do nearby schools rank statewide?

Accepted Answer

Of the 3 nearby schools with state rankings, the highest-ranked is Greenwood School at #229 statewide (56% performance score). Other ranked nearby schools include Deerfield School (#280) and Manila School (#345). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 60

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 61

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 62

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 63

Is 502 1040, American Fork move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 64

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.

502 1040, American Fork, UT 84003

502 S 1040 E #C225, American Fork, UT 84003

About This Property

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