Question 1

What is the asking price for 62 380, Orem?

Accepted Answer

62 380, Orem is listed at $407,990 ($157/sqft). The original list price was $412,990, representing a reduction of $5,000. Current status: Pending.

Question 2

How many bedrooms and bathrooms does 62 380, Orem have?

Accepted Answer

This Residential features 4 bedrooms, 4 bathrooms, 2,598 square feet of living space. It is a 3-story home. The lot is 0.03 acres.

Question 3

When was 62 380, Orem built?

Accepted Answer

This property was built in 1998, making it 28 years old. Homes from this era often feature solid construction. Buyers should review the condition of the roof, HVAC, and plumbing.

Question 4

What type of property is 62 380, Orem?

Accepted Answer

62 380, Orem is a Residential (Townhouse). The architectural style is Townhouse; Row-end. It is located in the GREEN subdivision.

Question 5

Is there an HOA for 62 380, Orem?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $262 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 6

What are the property taxes for 62 380, Orem?

Accepted Answer

Annual property taxes for this property are approximately $1,892 (about $158/month). This represents an effective tax rate of approximately 0.46% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 7

How long has 62 380, Orem been on the market?

Accepted Answer

This property has been listed for 64 days. The average days on market in Orem is 65 days, meaning this listing is moving faster than the local average. Extended time on market may present negotiation opportunities for buyers.

Question 8

What schools serve 62 380, Orem?

Accepted Answer

Assigned schools: Elementary: Parkside Elementary; Middle: Orem; High: Mountain View.   School district: Alpine.

Question 9

How does this listing compare to the Orem market?

Accepted Answer

62 380, Orem is listed at $407,990, which is below the Orem median of $493,000 by $85,010. 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 10

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 11

How does this price compare to the Utah state average?

Accepted Answer

At $407,990, this property is below the Utah state median of $510,000 by $102,010. 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 12

Does 62 380, Orem have a basement?

Accepted Answer

Yes, the basement is described as: Full. 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 13

What is the commute like from 62 380, Orem?

Accepted Answer

62 380, 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 14

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 15

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 16

What would homeowner's insurance cost for 62 380, 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 $407,990, expect approximately $1,224-$2,040/year ($102-$170/month).   Get multiple quotes — rates vary significantly by insurer.

Question 17

What are the estimated closing costs for 62 380, Orem?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $407,990, expect approximately $8,160-$20,400 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 18

How does the property tax compare to the list price at 62 380, Orem?

Accepted Answer

The annual property tax of $1,892 represents an effective rate of 0.46% relative to the list price of $407,990. 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 19

Is 62 380, Orem eligible for FHA or VA financing?

Accepted Answer

At $407,990, 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 20

Could 62 380, Orem be a 1031 exchange property?

Accepted Answer

Yes, 62 380, 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 21

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 22

What school district is 62 380, Orem in?

Accepted Answer

This property is in the Alpine school district. Assigned elementary: Parkside Elementary. 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 23

Is 62 380, Orem move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 24

What updates might 62 380, Orem need?

Accepted Answer

At 28 years old, common updates to consider include: roof replacement (if original), HVAC system update, water heater replacement.   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 25

Does 62 380, 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 26

What is the lot like at 62 380, Orem?

Accepted Answer

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

62 380, Orem, UT 84057

62 N 380 W, Orem, UT 84057

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