Question 1

What is the asking price for 560 500, Orem?

Accepted Answer

560 500, Orem is listed at $575,000 ($180/sqft). The original list price was $625,000, representing a reduction of $50,000. This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 560 500, Orem have?

Accepted Answer

This Residential features 5 bedrooms, 2 bathrooms, 3,194 square feet of living space. It is a 2-story home. The lot is 0.24 acres.

Question 3

When was 560 500, Orem built?

Accepted Answer

This property was built in 1957, making it 69 years old. This established home has character and may feature unique architectural details. A thorough inspection is recommended to assess systems and structure.

Question 4

What type of property is 560 500, Orem?

Accepted Answer

560 500, Orem is a Residential (Single Family Residence). The architectural style is Rambler/Ranch.  Zoning: Single-Family.

Question 5

Does 560 500, Orem have a garage or parking?

Accepted Answer

Yes, this property includes a 1-car garage and 2 open parking spaces and a carport. Total parking capacity: 4 vehicles.

Question 6

Is there an HOA for 560 500, 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 560 500, Orem?

Accepted Answer

Annual property taxes for this property are approximately $2,135 (about $178/month). This represents an effective tax rate of approximately 0.37% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 560 500, Orem?

Accepted Answer

Interior features include: Disposal, Gas Log, Laundry Chute, Oven: Gas. Exterior features include: Balcony, Deck; Covered, Double Pane Windows, Patio: Covered. The home has 2 fireplaces.   View: Mountain(s).

Question 9

Is 560 500, Orem a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 32/100. Key deal signals: Priced 14% below market median (per-type); 3.6% year-over-year market appreciation; 8% price reduction from original list. The price is 0% above 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 Orem?

Accepted Answer

The median price for similar properties in the area is $572,000 (based on 10 homes). At $575,000, this listing is 0% above the median for comparable homes. It ranks #Fair Price among similar listings by value.

Question 11

Has the price been reduced on 560 500, Orem?

Accepted Answer

Yes, the price has been reduced by 8.0% from the original list price of $625,000 to the current price of $575,000 — a reduction of $50,000. Price reductions can indicate seller motivation or market adjustment.

Question 12

What would the monthly mortgage payment be for 560 500, Orem?

Accepted Answer

At the current 30-year mortgage rate of 6.46% with 20% down, the estimated monthly principal and interest payment is $2,895. Including estimated taxes, the total monthly cost is approximately $3,073. A 15-year mortgage at 5.77% would be $3,825/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 13

How long has 560 500, Orem been on the market?

Accepted Answer

This property has been listed for 98 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 14

Is 560 500, Orem a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $16,387 with a gross rental yield of 2.9%. Net rental yield (after estimated expenses): 1.9%.  Estimated debt service coverage ratio (DSCR): 0.35. Investor score: 40/100. These are estimates based on area comparables.

Question 15

What is the estimated rental income for 560 500, Orem?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $1,366 ($16,392/year). The gross rent multiplier is 35.1x (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 560 500, Orem offer?

Accepted Answer

Propaired's AI has identified 2 lifestyle features for this property: Luxury Estate, Workshop/Maker Space. The primary lifestyle niche is "vineyard_orchard." These tags are derived from MLS data, property features, and location analysis.

Question 17

Is 560 500, Orem near skiing?

Accepted Answer

This property is within reach of skiing. Sundance Resort is 8.2 miles away. Utah's world-class resorts offer 500+ inches of annual snowfall and "The Greatest Snow on Earth."

Question 18

What makes 560 500, Orem a luxury property?

Accepted Answer

This property is classified as a luxury estate based on its price point, features, and location. At 3,194 sqft on 0.24 acres, it offers premium living.    Luxury properties in Utah benefit from no state estate tax and relatively low property tax rates.

Question 19

What recreation is near 560 500, Orem?

Accepted Answer

This property has a recreation score of 73/100. Nearby recreation includes: Indian Road trailhead (2.5 mi); Scera Park park (0.2 mi); Riverside Country Club (1.7 mi); Utah Lake State Park (8.6 mi). Skiing: Sundance Resort (8.2 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 20

Are there hiking trails near 560 500, Orem?

Accepted Answer

Yes, the nearest trailhead is Indian Road, just 2.5 miles from the property. Utah Lake State Park is 8.6 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 21

What amenities and services are near 560 500, Orem?

Accepted Answer

This property has an amenity proximity score of 99/100. Nearby services include: Grocery: Maverik (0.3 mi); Hospital: Orem VA Clinic (0.3 mi); Pharmacy: Walgreens (0.4 mi); Dining: Wingers (0.1 mi). Gas station: 0.7 miles. Gym: inTension Pilates (0.6 mi).

Question 22

How far is the nearest hospital from 560 500, Orem?

Accepted Answer

The nearest hospital is Orem VA Clinic, approximately 0.3 miles from the property. The nearest fire station is 0.6 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 23

What schools serve 560 500, Orem?

Accepted Answer

Assigned schools: Elementary: Scera Park; Middle: Orem; High: Orem.   School district: Alpine.

Question 24

What is the internet speed at 560 500, Orem?

Accepted Answer

This property has a broadband score of 100/100 (Excellent). Best available speed: 10000 Mbps download / 10000 Mbps upload. Fiber internet is available at this address. Available providers: AT&T (25 Mbps, Fixed Wireless); Beehive Broadband (1000 Mbps, Fiber); CenturyLink (1000 Mbps, Fiber). Total providers: 14.

Question 25

Is 560 500, Orem 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 26

How does this listing compare to the Orem market?

Accepted Answer

560 500, Orem is listed at $575,000, which is above the Orem median of $493,000 by $82,000. 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 27

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 28

How does this price compare to the Utah state average?

Accepted Answer

At $575,000, this property is above the Utah state median of $510,000 by $65,000. 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 29

What is the Propaired intelligence score for 560 500, Orem?

Accepted Answer

This property has a Propaired intelligence score of 57/100, combining deal value (32), recreation access (73), amenity proximity (99), broadband quality (100), and lifestyle features (3 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 30

What heating and cooling systems does 560 500, Orem have?

Accepted Answer

Heating: Gas: Radiant,Hot Water. Cooling: Heat Pump. Given the age of this home, it may be worth requesting a professional HVAC inspection to assess system efficiency and remaining lifespan. 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 560 500, Orem have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 69-year-old home, reviewing recent roof inspections is recommended.

Question 32

Does 560 500, Orem have a basement?

Accepted Answer

Yes, the basement is described as: Walk-Out Access. 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 560 500, Orem constructed from?

Accepted Answer

Construction materials include: Brick. Brick construction is durable and low-maintenance, offering excellent insulation and fire resistance.

Question 34

What type of flooring does 560 500, 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 35

What are the water and sewer connections for 560 500, 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 36

What is the commute like from 560 500, Orem?

Accepted Answer

560 500, 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 37

What shopping and dining is near 560 500, Orem?

Accepted Answer

The nearest restaurant is Wingers (0.1 miles away) and the nearest grocery store is Maverik (0.3 miles). Coffee: Starbucks @ Smith’s (0.7 mi). Banking: LendNation (0.2 mi). Overall amenity proximity score: 99/100.

Question 38

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 39

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 40

What would homeowner's insurance cost for 560 500, 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 $575,000, expect approximately $1,725-$2,875/year ($144-$240/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 41

What are the estimated closing costs for 560 500, Orem?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $575,000, expect approximately $11,500-$28,750 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 42

How does the property tax compare to the list price at 560 500, Orem?

Accepted Answer

The annual property tax of $2,135 represents an effective rate of 0.37% relative to the list price of $575,000. 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 43

What are the total estimated monthly costs for 560 500, Orem?

Accepted Answer

Estimated total monthly housing cost: $3,265. This includes principal & interest ($2,895 at 6.46% with 20% down), property tax ($178/mo), and estimated insurance (~$192/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 44

Is 560 500, Orem eligible for FHA or VA financing?

Accepted Answer

At $575,000, 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 45

What is the estimated cap rate for 560 500, Orem?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 1.9%, based on estimated annual rent of $16,387 and a purchase price of $575,000. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 46

Is Orem a good rental market?

Accepted Answer

Estimated monthly rent in Orem is approximately $1,505. Homes in Orem sell in an average of 65 days, indicating moderate demand in this market. There are 128 active listings currently. Gross rental yield in this area: 2.9%. Utah's steady population growth continues to drive rental demand.

Question 47

Could 560 500, Orem be a 1031 exchange property?

Accepted Answer

Yes, 560 500, 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 48

How does 560 500, Orem compare to recently sold homes nearby?

Accepted Answer

Based on 10 comparable properties, the median sold price in this area is $572,000. This listing is right at the comparable median. It ranks Fair Price among similar listings by value. The median for this property type specifically is $667,000. Comparable analysis is based on similar size, age, and location.

Question 49

Is the Orem neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 3.6% over the past year. The current Zillow Home Value Index for this area is $496,216. This listing is priced at 116% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 50

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 51

Is 560 500, Orem overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Standard." The asking price is within 5% of the comparable median, indicating market-appropriate pricing. Deal score: 32/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 52

What school district is 560 500, Orem in?

Accepted Answer

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

Question 53

What parks are near 560 500, Orem?

Accepted Answer

The nearest local park is Scera Park (0.2 miles away). The nearest state park is Utah Lake State Park (8.6 miles).  Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 54

Is there a golf course near 560 500, Orem?

Accepted Answer

The nearest golf course is Riverside Country Club, 1.7 miles from the property. Utah has over 80 golf courses statewide with a season running from March through November in most areas. Close proximity to a golf course is a desirable feature that can enhance property value.

Question 55

What water activities are near 560 500, Orem?

Accepted Answer

Water recreation near this property includes: Utah Lake (6.6 mi); boat ramp at Utah Lake State Park (4.1 mi); fishing at Provo River (6.0 mi).  Utah offers diverse water recreation from mountain reservoirs to desert lakes. Popular activities include boating, kayaking, paddle boarding, and fishing — a Utah fishing license is required for anglers.

Question 56

Is 560 500, Orem move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 57

What updates might 560 500, Orem need?

Accepted Answer

At 69 years old, common updates to consider include: roof replacement (if original), HVAC system update, electrical panel upgrade, water heater replacement. Current roof: Asphalt. Current heating: Gas: Radiant,Hot Water. These are general guidelines based on typical component lifespans — the actual condition depends on maintenance history. Always get a professional inspection and ask the seller for maintenance records and any recent upgrades.

Question 58

Does 560 500, 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 59

What is the lot like at 560 500, Orem?

Accepted Answer

The lot is 0.24 acres. Lot features: Curb & Gutter,Fenced: Full,Secluded,Sidewalks,Sprinkler: Auto-Part,View: Mountain. Terrain: Curb & Gutter, Fenced: Full, Secluded Yard, Sidewalks, Sprinkler: Auto-Part, Terrain, Flat, View: Mountain. Views: Mountain(s).  Lot characteristics affect usability, privacy, and future improvement potential.

Question 60

What utilities are available at 560 500, 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 61

Does 560 500, Orem have natural gas?

Accepted Answer

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

Question 62

Is there EV charging near 560 500, Orem?

Accepted Answer

The nearest EV charging station is Electrify America Charging Station, approximately 0.4 miles from the property. With a 1-car garage, installing a home Level 2 EV charger is straightforward — most installations cost $500-$2,000 including the charger. Utah offers a growing EV charging network along major corridors and in urban centers. Convenient public charging is available nearby for supplemental needs.

560 500, Orem, UT 84097

560 S 500 E, Orem, UT 84097

About This Property

Features & Amenities

Property Info

Financial

Structure & Systems

Parking

Schools

Property Intelligence

Recreation & Amenities

All Property Details

Orem Market Context

Crime & Safety

Location

Connect with a Buyer's Agent

Similar Homes

$554,000

$519,000

$659,000

$675,000

$485,000

Find Your Dream Home

Frequently Asked Questions

Discover