Question 1

What is the asking price for 501 OLIVE, Lehi?

Accepted Answer

501 OLIVE, Lehi is listed at $542,999 ($230/sqft).  This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 501 OLIVE, Lehi have?

Accepted Answer

This Residential features 3 bedrooms, 3 bathrooms, 2,362 square feet of living space. It is a 2-story home. The lot is 0.15 acres.

Question 3

When was 501 OLIVE, Lehi 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 501 OLIVE, Lehi?

Accepted Answer

501 OLIVE, Lehi is a Residential (Single Family Residence). The architectural style is Stories: 2. It is located in the JORDAN WILLOWS subdivision. Zoning: Single-Family.

Question 5

Does 501 OLIVE, Lehi have a garage or parking?

Accepted Answer

Yes, this property includes a 2-car garage. Total parking capacity: 2 vehicles.

Question 6

Is there an HOA for 501 OLIVE, Lehi?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $50 annually. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

What are the property taxes for 501 OLIVE, Lehi?

Accepted Answer

Annual property taxes for this property are approximately $2,306 (about $192/month). This represents an effective tax rate of approximately 0.42% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 501 OLIVE, Lehi?

Accepted Answer

Interior features include: Bath: Primary, Bath: Sep. Tub/Shower, Closet: Walk-In, Den/Office, Gas Log. Exterior features include: Double Pane Windows, Lighting, Sliding Glass Doors.    View: Lake.

Question 9

Is 501 OLIVE, Lehi a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Great Deal (vs Similar)" with a deal score of 80/100. Key deal signals: Priced 15% below similar homes; 5.1% year-over-year market appreciation. The price is 15% 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 Lehi?

Accepted Answer

The median price for similar properties in the area is $637,450 (based on 10 homes). At $542,999, this listing is 15% below the median for comparable homes. It ranks #Below Similar among similar listings by value.

Question 11

What would the monthly mortgage payment be for 501 OLIVE, Lehi?

Accepted Answer

At the current 30-year mortgage rate of 6.49% with 20% down, the estimated monthly principal and interest payment is $2,743. Including estimated taxes and HOA fees, the total monthly cost is approximately $2,985. A 15-year mortgage at 5.84% would be $3,628/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 12

How long has 501 OLIVE, Lehi been on the market?

Accepted Answer

This property has been listed for 0 days. The average days on market in Lehi is 54 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 13

Is 501 OLIVE, Lehi a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $24,577 with a gross rental yield of 4.5%. Net rental yield (after estimated expenses): 2.9%.  Estimated debt service coverage ratio (DSCR): 0.66. Investor score: 53/100. These are estimates based on area comparables.

Question 14

Can 501 OLIVE, Lehi be used as a short-term rental?

Accepted Answer

This property shows potential for short-term rental use (Airbnb/VRBO). Estimated annual STR revenue: $40,150 (1.6x long-term rental income). Check local zoning regulations and HOA rules before purchasing for STR purposes — many Utah municipalities have specific short-term rental ordinances.

Question 15

What is the estimated rental income for 501 OLIVE, Lehi?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $2,048 ($24,576/year). The gross rent multiplier is 22.1x (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 501 OLIVE, Lehi offer?

Accepted Answer

Propaired's AI has identified 5 lifestyle features for this property: Waterfront, Trail/Hiking Access, Scenic Views, Hot Tub/Spa, Short-Term Rental Potential. The primary lifestyle niche is "waterfront." These tags are derived from MLS data, property features, and location analysis.

Question 17

Is 501 OLIVE, Lehi a waterfront property?

Accepted Answer

Yes, this is a waterfront property. The property offers Lake views.  Waterfront properties in Utah are rare and typically command premium valuations.

Question 18

What schools serve 501 OLIVE, Lehi?

Accepted Answer

Assigned schools: Elementary: River Rock; Middle: Willowcreek; High: Lehi. There are 5 schools within 3 miles of this property. The highest-rated nearby school is Riverview School with a 64% state performance score (1.2 miles away). School district: Alpine.

Question 19

What high school is near 501 OLIVE, Lehi?

Accepted Answer

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

Question 20

What elementary school is near 501 OLIVE, Lehi?

Accepted Answer

The nearest elementary school is River Rock (1.2 miles away). State performance score: 64%. District: Alpine District. Propaired provides full school ratings and comparison data for all schools in this area.

Question 21

What middle school is near 501 OLIVE, Lehi?

Accepted Answer

The nearest middle school is Willowcreek.

Question 22

How good are the schools near 501 OLIVE, Lehi?

Accepted Answer

Of the 5 schools within 3 miles, 5 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 23

Is 501 OLIVE, Lehi 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 Lehi market?

Accepted Answer

501 OLIVE, Lehi is listed at $542,999, which is below the Lehi median of $575,900 by $32,901. There are currently 359 active listings in Lehi. Homes in Lehi sell in an average of 54 days. The average sale-to-list ratio is 99.1%.

Question 25

What is the Lehi real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Lehi is $575,900. There are currently 359 active listings. Homes sell in an average of 54 days. The average sale-to-list ratio is 99.1%. This listing at $542,999 is below the Lehi 2026 median.

Question 26

Are there other homes for sale in Lehi?

Accepted Answer

Yes — there are currently 359 active listings in Lehi. Browse all Lehi homes for sale at propaired.ai/listings/ut/lehi. Prices range around a median of $575,900. Homes in Lehi are selling in about 54 days on average.

Question 27

What is the Lehi neighborhood like?

Accepted Answer

High-growth tech hub south of Salt Lake. Home to major tech companies, new neighborhoods, excellent schools, family-oriented. Rapid development and job opportunities. Lehi is known for: tech-hub, growing, excellent-schools, family-friendly. Population: approximately 68,000. Explore the full Lehi market data and community guide on Propaired.

Question 28

How does this price compare to the Utah state average?

Accepted Answer

At $542,999, this property is above the Utah state median of $525,000 by $17,999. Lehi prices are 10% above the state average. Utah's housing market varies significantly by region — front-range cities near SLC are typically more expensive than rural areas.

Question 29

What is the Propaired intelligence score for 501 OLIVE, Lehi?

Accepted Answer

This property has a Propaired intelligence score of 48/100, combining deal value (80), recreation access (N/A), amenity proximity (N/A), broadband quality (N/A), and lifestyle features (5 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 30

What heating and cooling systems does 501 OLIVE, Lehi 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 31

What type of roof does 501 OLIVE, Lehi 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 32

Does 501 OLIVE, Lehi 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 33

What is 501 OLIVE, Lehi constructed from?

Accepted Answer

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

Question 34

What type of flooring does 501 OLIVE, Lehi have?

Accepted Answer

Flooring types include: Carpet,Laminate,Tile.  Tile flooring is durable and ideal for high-traffic areas and bathrooms. Carpeted areas provide warmth and comfort, especially in bedrooms.

Question 35

What are the water and sewer connections for 501 OLIVE, Lehi?

Accepted Answer

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

Question 36

What is the commute like from 501 OLIVE, Lehi?

Accepted Answer

501 OLIVE, Lehi is located in Lehi, in the Wasatch Front region of Utah. With a population of approximately 68,000, Lehi offers a residential setting. 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 37

What is the Lehi community like?

Accepted Answer

Lehi is known for: tech-hub, growing, excellent-schools, family-friendly, new-development. The city has approximately 68,000 residents. The median home price in Lehi is $520,000. Explore the full Lehi community profile on Propaired for detailed neighborhood insights.

Question 38

Is Lehi a safe and family-friendly area?

Accepted Answer

Lehi is characterized as: family-friendly. With a population of about 68,000, Lehi offers a family-oriented environment. For detailed crime statistics and neighborhood safety data, consult local law enforcement resources and community reports.

Question 39

What would homeowner's insurance cost for 501 OLIVE, Lehi?

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 $542,999, expect approximately $1,629-$2,715/year ($136-$226/month).   Get multiple quotes — rates vary significantly by insurer.

Question 40

What are the estimated closing costs for 501 OLIVE, Lehi?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $542,999, expect approximately $10,860-$27,150 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 41

How does the property tax compare to the list price at 501 OLIVE, Lehi?

Accepted Answer

The annual property tax of $2,306 represents an effective rate of 0.42% relative to the list price of $542,999. 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 42

What are the total estimated monthly costs for 501 OLIVE, Lehi?

Accepted Answer

Estimated total monthly housing cost: $3,166. This includes principal & interest ($2,743 at 6.49% with 20% down), property tax ($192/mo), HOA ($50/mo), and estimated insurance (~$181/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 43

Is 501 OLIVE, Lehi eligible for FHA or VA financing?

Accepted Answer

At $542,999, this property may exceed standard FHA loan limits and could require a conventional or jumbo loan. VA loans have no price cap but require VA eligibility.    Consult a mortgage lender for personalized eligibility.

Question 44

What is the estimated cap rate for 501 OLIVE, Lehi?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 2.9%, based on estimated annual rent of $24,577 and a purchase price of $542,999. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 45

Is Lehi a good rental market?

Accepted Answer

Estimated monthly rent in Lehi is approximately $2,220. Homes in Lehi sell in an average of 54 days, indicating healthy demand in this market. There are 359 active listings currently. Gross rental yield in this area: 4.5%. Utah's steady population growth continues to drive rental demand.

Question 46

Could 501 OLIVE, Lehi be a 1031 exchange property?

Accepted Answer

Yes, 501 OLIVE, Lehi 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 47

How does 501 OLIVE, Lehi compare to recently sold homes nearby?

Accepted Answer

Based on 10 comparable properties, the median sold price in this area is $637,450. This listing is 15% below the comparable median. It ranks Below Similar among similar listings by value. The median for this property type specifically is $723,945. Comparable analysis is based on similar size, age, and location.

Question 48

Is the Lehi neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 5.1% over the past year. The current Zillow Home Value Index for this area is $326,755. This listing is priced at 166% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 49

What is the price trend in Lehi?

Accepted Answer

Lehi's median price has decreased 0.5% month-over-month. Current median: $575,900. Days on market have increased by 10.2% month-over-month. Homes are selling at 99.1% of list price on average. Monitor these trends to time your offer strategically.

Question 50

Is 501 OLIVE, Lehi overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Great Deal (vs Similar)." At 15% below comparable homes, this property appears competitively priced. Deal score: 80/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 51

What school district is 501 OLIVE, Lehi in?

Accepted Answer

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

Question 52

How do nearby schools rank statewide?

Accepted Answer

Of the 5 nearby schools with state rankings, the highest-ranked is Willowcreek Middle at #156 statewide (54% performance score). Other ranked nearby schools include Riverview School (#160) and Lakeview Academy (#186). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 53

Is 501 OLIVE, Lehi move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 54

Does 501 OLIVE, Lehi 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 501 OLIVE, Lehi?

Accepted Answer

The lot is 0.15 acres. Lot features: Fenced: Full,Sprinkler: Auto-Full,View: Lake,View: Water,Waterfront. Terrain: Fenced: Full, Sprinkler: Auto-Full, Terrain, Flat, View: Lake, View: Water, Waterfront. Views: Lake.  Lot characteristics affect usability, privacy, and future improvement potential.

Question 56

What utilities are available at 501 OLIVE, Lehi?

Accepted Answer

Available utilities include: Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected. Water source: Culinary,Irrigation. 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.

501 OLIVE, Lehi, UT 84043

501 S OLIVE PL, Lehi, UT 84043

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