Question 1

What is the asking price for 540 1060, Orem?

Accepted Answer

540 1060, Orem is listed at $489,900 ($296/sqft). The original list price was $494,900, representing a reduction of $5,000. Current status: Expired.

Question 2

How many bedrooms and bathrooms does 540 1060, Orem have?

Accepted Answer

This Residential features 3 bedrooms, 2 bathrooms, 1,656 square feet of living space. It is a 2-story home. The lot is 0.21 acres.

Question 3

When was 540 1060, Orem built?

Accepted Answer

This property was built in 2015, making it 11 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 540 1060, Orem?

Accepted Answer

540 1060, Orem is a Residential (Single Family Residence). The architectural style is Stories: 2. It is located in the GENEVA HEIGHTS TERRACE subdivision. Zoning: Single-Family.

Question 5

Does 540 1060, Orem have a garage or parking?

Accepted Answer

Yes, this property includes 4 open parking spaces and a carport. Total parking capacity: 5 vehicles.

Question 6

Is there an HOA for 540 1060, Orem?

Accepted Answer

No, this property is not part of a homeowners association, which means no monthly HOA fees. Homeowners maintain full control over their property without HOA restrictions or assessments.

Question 7

What are the property taxes for 540 1060, Orem?

Accepted Answer

Annual property taxes for this property are approximately $1,920 (about $160/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 540 1060, Orem?

Accepted Answer

Interior features include: Bath: Sep. Tub/Shower, Closet: Walk-In, Disposal, Floor Drains, Range/Oven: Free Stdng.. Exterior features include: Balcony, Double Pane Windows, Secured Parking, Patio: Open.    View: Lake.

Question 9

How long has 540 1060, Orem been on the market?

Accepted Answer

This property has been listed for 78 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 540 1060, Orem?

Accepted Answer

Assigned schools: Elementary: Orem; Middle: Orem; High: Mountain View. There are 9 schools within 3 miles of this property. The highest-rated nearby school is Timpanogos High with a 60% state performance score (1.9 miles away). School district: Alpine.

Question 11

How good are the schools near 540 1060, Orem?

Accepted Answer

Of the 9 schools within 3 miles, 9 have state performance data with an average score of 55%.  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 12

How does this listing compare to the Orem market?

Accepted Answer

540 1060, Orem is listed at $489,900, which is below the Orem median of $493,000 by $3,100. 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 13

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 14

How does this price compare to the Utah state average?

Accepted Answer

At $489,900, this property is below the Utah state median of $510,000 by $20,100. 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 15

What heating and cooling systems does 540 1060, Orem have?

Accepted Answer

Heating: Forced Air,>= 95% efficiency. 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 16

What type of roof does 540 1060, Orem have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 11-year-old home, reviewing recent roof inspections is recommended.

Question 17

Does 540 1060, 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 18

What is 540 1060, Orem constructed from?

Accepted Answer

Construction materials include: Asphalt,Cement Siding. The construction type affects long-term maintenance requirements and insurance costs.

Question 19

What type of flooring does 540 1060, Orem have?

Accepted Answer

Flooring types include: Carpet,Vinyl.   Carpeted areas provide warmth and comfort, especially in bedrooms. Luxury vinyl/LVP is waterproof, durable, and increasingly popular in Utah homes.

Question 20

What are the water and sewer connections for 540 1060, Orem?

Accepted Answer

Water source: Culinary. Sewer: Sewer: Connected.   Water is a critical consideration in Utah's arid climate.

Question 21

What is the commute like from 540 1060, Orem?

Accepted Answer

540 1060, 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 22

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 23

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 24

What would homeowner's insurance cost for 540 1060, 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 $489,900, expect approximately $1,470-$2,450/year ($123-$204/month).   Get multiple quotes — rates vary significantly by insurer.

Question 25

What are the estimated closing costs for 540 1060, Orem?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $489,900, expect approximately $9,798-$24,495 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 26

How does the property tax compare to the list price at 540 1060, Orem?

Accepted Answer

The annual property tax of $1,920 represents an effective rate of 0.39% relative to the list price of $489,900. 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 27

Is 540 1060, Orem eligible for FHA or VA financing?

Accepted Answer

At $489,900, 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 28

Could 540 1060, Orem be a 1031 exchange property?

Accepted Answer

Yes, 540 1060, 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 29

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 30

What school district is 540 1060, Orem in?

Accepted Answer

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

Question 31

How do nearby schools rank statewide?

Accepted Answer

Of the 9 nearby schools with state rankings, the highest-ranked is Canyon View Jr High at #175 statewide (52% performance score). Other ranked nearby schools include Lakeridge Jr High (#181) and Trailside Elementary (#203). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 32

Is 540 1060, Orem move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 33

Does 540 1060, 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 34

What is the lot like at 540 1060, Orem?

Accepted Answer

The lot is 0.21 acres. Lot features: Fenced: Full,Sprinkler: Auto-Full,View: Lake. Terrain: Fenced: Full, Sprinkler: Auto-Full, View: Lake. Views: Lake.  Lot characteristics affect usability, privacy, and future improvement potential.

Question 35

What utilities are available at 540 1060, Orem?

Accepted Answer

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

540 1060, Orem, UT 84057

540 N 1060 W, Orem, UT 84057

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