604 640, Lehi, UT 84043
3BD/—BA Residential in Lehi, UT 84043. 1,200 sqft. Built 1994. Listed at $464,900. MLS #2162305.
3BD/—BA Residential in Lehi, UT 84043. 1,200 sqft. Built 1994. Listed at $464,900. MLS #2162305.
NEW PRICE, TERRIFIC VALUE, NO HOA FEES! Be sure to see this clean and refreshed one level home, located in Lehi's CHAPPEL VALLEY subdivision. This 1,200 sq ft single-family home combines an efficient layout, recent updates, and a fully fenced backyard in one of Utah County's most active real estate markets. Built in 1994, the home features both a formal living room and a separate family room, creating flexible space for daily living, entertaining, work-from-home use, hobbies, or guest accommodations. Recent improvements include fresh interior paint, new carpet, updated lighting, and a newer roof, helping reduce near-term projects for the next owner. The kitchen and living areas connect to a practical single-level floor plan, while the backyard patio and fenced outdoor space offer room to grill, garden, relax, or gather. Minutes from I-15, shopping, dining, Utah Lake, outdoor recreation near the Wasatch Mountains, and major employment centers in Silicon Slopes, this home is well positioned for convenience and long-term flexibility. Explore the professional MLS photos and existing virtual tour, then schedule a private showing of 604 S 640 W to see how this Lehi real estate opportunity compares to recent nearby sales. Square footage figures are provided as a courtesy estimate from county records; buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
1
Subdivision
CHAPPEL VALLEY
County
Utah
Zoning
Single-Family
Construction
Brick
Lot Size
0.18 sq ft
Above Grade Area
1,200 sq ft
Condition
Blt./Standing
MLS #
2162305
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
1
Subdivision
CHAPPEL VALLEY
County
Utah
Zoning
Single-Family
Construction
Brick
Lot Size
0.18 sq ft
Above Grade Area
1,200 sq ft
Condition
Blt./Standing
MLS #
2162305
List Price
$464,900
Original Price
$495,000
Annual Taxes
$1,772
Home Warranty
No
List Price
$464,900
Original Price
$495,000
Annual Taxes
$1,772
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
None
Materials
Brick
Appliances
Ceiling Fan,Microwave,Refrigerator
Laundry
Electric Dryer Hookup
Patio & Porch
Porch: Open
Water Source
Culinary,Secondary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
None
Materials
Brick
Appliances
Ceiling Fan,Microwave,Refrigerator
Laundry
Electric Dryer Hookup
Patio & Porch
Porch: Open
Water Source
Culinary,Secondary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Garage Spaces
2
Covered Spaces
2
Total Parking
5
Garage Spaces
2
Covered Spaces
2
Total Parking
5
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
100/100
vs Similar Homes
21% below
vs Market Median
1% below
Price Reduced
6.1%
Area Growth (YoY)
0.9%
Deal Score Breakdown
100/100 · 2 qualifying signals
Priced 21% below the median of similar listings
6% price reduction from original list — seller may be motivated
Priced 1% below the per-subtype city median
0.9% year-over-year ZHVI growth in this area
LT net cashflow -$2,047/mo (-65.7% return on ownership cost) · STR net cashflow -$1,556/mo (-49.9% 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
$1,215/mo
Range: $725 – $1,704
Net Monthly Cash Flow
−$2,047 /mo (−$24,563/yr)
Monthly rental income
Monthly ownership cost
Coverage
39%
Net /mo
−$2,047
DSCR
0.46
Est. Annual Revenue
$26,744/yr
$358/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$1,556 /mo (−$18,675/yr)
Monthly STR income
Monthly ownership cost
Coverage
72%
Net /mo
−$1,556
DSCR
0.66
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$575,900
-19% vs median
54 days
359
$307,900 – $3,950,000
$1,772
Low Crime
5.3
per 1,000
11.5
per 1,000
4.5
per 1,000
21.2
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
Select agents you’d like to hear from. They’ll be notified of your interest — your contact details stay private until you choose to respond.

Salt Lake City Real Estate Broker Focused on Pricing, Positioning, and Results

Daryn Edmunds - High Road Properties

Devin Tanner - Utah Realtor
Your inquiry goes to the listing agent.
Fast Response
Typically within 2 hours during business hours
Built with AI to help you find your perfect home
Powered by AI • Secured by Supabase • Trusted by Agents