Question 1

What is the asking price for 983 1055, Orem?

Accepted Answer

983 1055, Orem is listed at $285,000 ($288/sqft). The original list price was $299,990, representing a reduction of $14,990. Current status: Closed.

Question 2

How many bedrooms and bathrooms does 983 1055, Orem have?

Accepted Answer

This Residential features 2 bedrooms, 1 bathroom, 990 square feet of living space. It is a 1-story home. The lot is 0.03 acres.

Question 3

When was 983 1055, Orem built?

Accepted Answer

This property was built in 2008, making it 18 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 983 1055, Orem?

Accepted Answer

983 1055, Orem is a Residential (Condominium). The architectural style is Condo; Top Level. It is located in the TORINO VILLAGE PHASE 1 CONDO subdivision. Zoning: Multi-Family.

Question 5

Does 983 1055, Orem 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 983 1055, Orem?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $275 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

What are the property taxes for 983 1055, Orem?

Accepted Answer

Annual property taxes for this property are approximately $1,100 (about $92/month). This represents an effective tax rate of approximately 0.39% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 983 1055, Orem?

Accepted Answer

Interior features include: Disposal, Kitchen: Updated, Vaulted Ceilings, Granite Countertops. Exterior features include: Balcony, Bay Box Windows.   Spa/hot tub included.

Question 9

How long has 983 1055, Orem been on the market?

Accepted Answer

This property has been listed for 142 days. The average days on market in Orem is 65 days, meaning this listing is taking longer than the local average. Extended time on market may present negotiation opportunities for buyers.

Question 10

What schools serve 983 1055, Orem?

Accepted Answer

Assigned schools: Elementary: Bonneville; Middle: Orem; High: Timpanogos.   School district: Alpine.

Question 11

How does this listing compare to the Orem market?

Accepted Answer

983 1055, Orem is listed at $285,000, which is below the Orem median of $493,000 by $208,000. There are currently 128 active listings in Orem. Homes in Orem sell in an average of 65 days. The average sale-to-list ratio is 98.6%.

Question 12

What is the Orem neighborhood like?

Accepted Answer

College town atmosphere adjacent to Provo. Affordable, good schools, diverse population, shopping centers, family activities. Growing job market. Orem is known for: affordable, family-friendly, college-town, diverse. Population: approximately 100,000. Explore the full Orem market data and community guide on Propaired.

Question 13

How does this price compare to the Utah state average?

Accepted Answer

At $285,000, this property is below the Utah state median of $510,000 by $225,000. Orem prices are 3% 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 14

What heating and cooling systems does 983 1055, Orem 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 15

Does 983 1055, Orem 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 16

What is 983 1055, Orem constructed from?

Accepted Answer

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

Question 17

What type of flooring does 983 1055, Orem have?

Accepted Answer

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

Question 18

What are the water and sewer connections for 983 1055, Orem?

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 19

What is the commute like from 983 1055, Orem?

Accepted Answer

983 1055, Orem is located in Orem, in the Wasatch Front region of Utah. With a population of approximately 100,000, Orem 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 20

What is the Orem community like?

Accepted Answer

Orem is known for: affordable, family-friendly, college-town, diverse, good-schools. The city has approximately 100,000 residents. The median home price in Orem is $380,000. Explore the full Orem community profile on Propaired for detailed neighborhood insights.

Question 21

Is Orem a safe and family-friendly area?

Accepted Answer

Orem is characterized as: family-friendly. With a population of about 100,000, Orem offers a family-oriented environment. For detailed crime statistics and neighborhood safety data, consult local law enforcement resources and community reports.

Question 22

What would homeowner's insurance cost for 983 1055, Orem?

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 $285,000, expect approximately $855-$1,425/year ($71-$119/month).   Get multiple quotes — rates vary significantly by insurer.

Question 23

What are the estimated closing costs for 983 1055, Orem?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $285,000, expect approximately $5,700-$14,250 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 24

How does the property tax compare to the list price at 983 1055, Orem?

Accepted Answer

The annual property tax of $1,100 represents an effective rate of 0.39% relative to the list price of $285,000. 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 25

Is 983 1055, Orem eligible for FHA or VA financing?

Accepted Answer

At $285,000, 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 26

Could 983 1055, Orem be a 1031 exchange property?

Accepted Answer

Yes, 983 1055, Orem 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 27

What is the price trend in Orem?

Accepted Answer

Orem's median price has increased 9.9% month-over-month. Current median: $493,000. Days on market have increased by 11.6% month-over-month. Homes are selling at 98.6% of list price on average. Monitor these trends to time your offer strategically.

Question 28

What school district is 983 1055, Orem in?

Accepted Answer

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

Question 29

Is 983 1055, Orem move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 30

Does 983 1055, Orem 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 31

What is the lot like at 983 1055, Orem?

Accepted Answer

The lot is 0.03 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

Question 32

What utilities are available at 983 1055, Orem?

Accepted Answer

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

Question 33

Does 983 1055, Orem have natural gas?

Accepted Answer

Yes, this property has natural gas service — the heating system is listed as: Forced Air,Gas: Central. Natural gas is the most common and cost-effective heating fuel in Utah, typically 30-50% less expensive than electric heating. The cooling system (Central Air) operates separately. Natural gas availability also supports gas ranges, water heaters, and fireplaces.

983 1055, Orem, UT 84057

983 W 1055 N #816, Orem, UT 84057

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