673 1040, American Fork, UT 84003
5BD/—BA Residential in American Fork, UT 84003. 5,075 sqft. Built 2007. Listed at $1,249,000. MLS #2158949.
5BD/—BA Residential in American Fork, UT 84003. 5,075 sqft. Built 2007. Listed at $1,249,000. MLS #2158949.
Located in one of the most highly sought-after neighborhoods in the heart of American Fork, this stunning two-story home with a fully finished walkout basement offers the perfect combination of space, function, and location. Set on a 0.29-acre lot, the property boasts 5,075 total square feet with five bedrooms and four and a half bathrooms, thoughtfully designed for both comfortable living and effortless entertaining. The main level flows seamlessly with thoughtful living spaces, while the upper level provides well-appointed bedrooms and privacy. The walkout basement adds incredible versatility, offering additional living space with direct backyard access-ideal for gatherings, guests, or multi-generational living. A three-car garage is paired with an abundance of concrete along the side of the home, providing exceptional parking options for trailers, toys, or extra vehicles, a rare and highly desirable feature in this area. Step outside to enjoy the covered patio, perfect for relaxing or hosting while overlooking the Utah valley. With its prime location near schools, parks, shopping, and convenient commuter access, this home delivers the lifestyle and setting buyers are actively searching for in American Fork. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
SEARLE
County
Utah
Zoning
Single-Family
Construction
Asphalt,Composition,Stone,Stucco
Lot Size
0.29 sq ft
Above Grade Area
3,431 sq ft
Condition
Blt./Standing
MLS #
2158949
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
SEARLE
County
Utah
Zoning
Single-Family
Construction
Asphalt,Composition,Stone,Stucco
Lot Size
0.29 sq ft
Above Grade Area
3,431 sq ft
Condition
Blt./Standing
MLS #
2158949
List Price
$1,249,000
Annual Taxes
$4,862
Home Warranty
No
List Price
$1,249,000
Annual Taxes
$4,862
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Full
Materials
Asphalt,Composition,Stone,Stucco
Appliances
Dryer,Refrigerator,Washer
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary,Irrigation: Pressure
Sewer
Sewer: Connected,Sewer: Public
View
Lake,Mountain(s),Valley
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Full
Materials
Asphalt,Composition,Stone,Stucco
Appliances
Dryer,Refrigerator,Washer
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary,Irrigation: Pressure
Sewer
Sewer: Connected,Sewer: Public
View
Lake,Mountain(s),Valley
Garage Spaces
3
Covered Spaces
3
Total Parking
3
Garage Spaces
3
Covered Spaces
3
Total Parking
3
Classification
Standard
Deal Score
30/100
vs Similar Homes
6% above
vs Market Median
10% above
Area Growth (YoY)
2.2%
Deal Score Breakdown
30/100
Priced 10% above the per-subtype city median
2.2% year-over-year ZHVI growth in this area
LT net cashflow -$1,769/mo (-21.1% return on ownership cost) · STR net cashflow -$4,869/mo (-58.0% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 6% above the median of similar listings
No price reduction from original list
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.
Monthly Rent
$7,527/mo
Range: $4,540 – $10,514
Net Monthly Cash Flow
−$1,769 /mo (−$21,224/yr)
Monthly rental income
Monthly ownership cost
Coverage
90%
Net /mo
−$1,769
DSCR
1.05
Est. Annual Revenue
$60,409/yr
$364/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$4,870 /mo (−$58,435/yr)
Monthly STR income
Monthly ownership cost
Coverage
60%
Net /mo
−$4,869
DSCR
0.56
Elementary
ShelleyMiddle School
American ForkHigh School
American ForkSchool District
Alpine
Best Download
2 Gbps
Best Upload
1 Gbps
Fiber Available
Yes
Providers
12
Available Providers
$485,990
+157% vs median
59 days
123
$187,000 – $4,500,000
$4,862
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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