Question 1

What is the asking price for 307 ELMWOOD, Orem?

Accepted Answer

307 ELMWOOD, Orem is listed at $374,900 ($169/sqft). The original list price was $374,990, representing a reduction of $90. This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 307 ELMWOOD, Orem have?

Accepted Answer

This Residential features 4 bedrooms, 2 bathrooms, 2,212 square feet of living space. It is a 2-story home. The lot is 0.06 acres.

Question 3

When was 307 ELMWOOD, Orem built?

Accepted Answer

This property was built in 1975, making it 51 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 307 ELMWOOD, Orem?

Accepted Answer

307 ELMWOOD, Orem is a Residential (Townhouse). The architectural style is Townhouse; Row-mid. It is located in the GARDEN PARK subdivision. Zoning: Single-Family.

Question 5

Does 307 ELMWOOD, Orem have a garage or parking?

Accepted Answer

Yes, this property includes a carport. Total parking capacity: 2 vehicles.

Question 6

Is there an HOA for 307 ELMWOOD, Orem?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $334 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

What are the property taxes for 307 ELMWOOD, Orem?

Accepted Answer

Annual property taxes for this property are approximately $1,650 (about $138/month). This represents an effective tax rate of approximately 0.44% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 307 ELMWOOD, Orem?

Accepted Answer

Interior features include: Alarm: Fire, Basement Apartment, Bath: Sep. Tub/Shower, Kitchen: Second, Kitchen: Updated. Exterior features include: Patio: Open.    View: Mountain(s).

Question 9

Is 307 ELMWOOD, Orem a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 27/100. Key deal signals: Priced 13% below market median (per-type); 3.6% year-over-year market appreciation; 4.8% gross rental yield.  This analysis considers price relative to comparables, days on market, price reductions, and market conditions.

Question 10

Has the price been reduced on 307 ELMWOOD, Orem?

Accepted Answer

Yes, the price has been reduced by 0.0% from the original list price of $374,990 to the current price of $374,900 — a reduction of $90. Price reductions can indicate seller motivation or market adjustment.

Question 11

What would the monthly mortgage payment be for 307 ELMWOOD, Orem?

Accepted Answer

At the current 30-year mortgage rate of 6.46% with 20% down, the estimated monthly principal and interest payment is $1,888. Including estimated taxes and HOA fees, the total monthly cost is approximately $2,360. A 15-year mortgage at 5.77% would be $2,494/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 12

How long has 307 ELMWOOD, Orem been on the market?

Accepted Answer

This property has been listed for 20 days. The average days on market in Orem is 65 days, meaning this listing is moving faster than the local average.

Question 13

Is 307 ELMWOOD, Orem a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $17,869 with a gross rental yield of 4.8%. Net rental yield (after estimated expenses): 3.1%.  Estimated debt service coverage ratio (DSCR): 0.59. Investor score: 50/100. These are estimates based on area comparables.

Question 14

What is the estimated rental income for 307 ELMWOOD, Orem?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $1,489 ($17,868/year). The gross rent multiplier is 21.0x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 15

What lifestyle features does 307 ELMWOOD, Orem offer?

Accepted Answer

Propaired's AI has identified 1 lifestyle feature for this property: ADU/Multigenerational. The primary lifestyle niche is "adu_multigenerational." These tags are derived from MLS data, property features, and location analysis.

Question 16

Is 307 ELMWOOD, Orem near skiing?

Accepted Answer

This property is within reach of skiing. Sundance Resort is 7.1 miles away. Utah's world-class resorts offer 500+ inches of annual snowfall and "The Greatest Snow on Earth."

Question 17

What recreation is near 307 ELMWOOD, Orem?

Accepted Answer

This property has a recreation score of 69/100. Nearby recreation includes: Firing Range (BST Orem) trailhead (1.5 mi); Sharon Park park (0.1 mi); Cascade Fairways Golf Course (1.5 mi); Utah Lake State Park (9.7 mi). Skiing: Sundance Resort (7.1 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 18

Are there hiking trails near 307 ELMWOOD, Orem?

Accepted Answer

Yes, the nearest trailhead is Firing Range (BST Orem), just 1.5 miles from the property. Utah Lake State Park is 9.7 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 19

What amenities and services are near 307 ELMWOOD, Orem?

Accepted Answer

This property has an amenity proximity score of 99/100. Nearby services include: Grocery: 7-Eleven (0.4 mi); Hospital: Cascades at Orchard Park (0.1 mi); Pharmacy: Orem Family Pharmacy (0.5 mi); Dining: Apollo Burger (0.5 mi). Gas station: 0.5 miles. Gym: PEAK Athlete (0.3 mi).

Question 20

How far is the nearest hospital from 307 ELMWOOD, Orem?

Accepted Answer

The nearest hospital is Cascades at Orchard Park, approximately 0.1 miles from the property. The nearest fire station is 0.5 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 21

What schools serve 307 ELMWOOD, Orem?

Accepted Answer

Assigned schools: Elementary: Cascade; Middle: Canyon View; High: Orem.   School district: Alpine.

Question 22

What is the internet speed at 307 ELMWOOD, 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 (100 Mbps, Fixed Wireless); Beehive Broadband (1000 Mbps, Fiber); CenturyLink (140 Mbps, DSL). Total providers: 15.

Question 23

Is 307 ELMWOOD, 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 24

How does this listing compare to the Orem market?

Accepted Answer

307 ELMWOOD, Orem is listed at $374,900, which is below the Orem median of $493,000 by $118,100. 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 25

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 26

How does this price compare to the Utah state average?

Accepted Answer

At $374,900, this property is below the Utah state median of $510,000 by $135,100. 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 27

What is the Propaired intelligence score for 307 ELMWOOD, Orem?

Accepted Answer

This property has a Propaired intelligence score of 55/100, combining deal value (27), recreation access (69), amenity proximity (99), broadband quality (100), and lifestyle features (1 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 28

What heating and cooling systems does 307 ELMWOOD, Orem have?

Accepted Answer

Heating: Forced Air,Gas: Central. Cooling: Central Air. 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 29

What type of roof does 307 ELMWOOD, Orem have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 51-year-old home, reviewing recent roof inspections is recommended.

Question 30

Does 307 ELMWOOD, Orem have a basement?

Accepted Answer

Yes, the basement is described as: Daylight,Entrance. A daylight basement features windows for natural light, making the space more livable. Check for any signs of moisture or foundation issues during the home inspection.

Question 31

What is 307 ELMWOOD, Orem constructed from?

Accepted Answer

Construction materials include: Asphalt,Frame,Stucco. Frame/wood construction is the most common residential building method and allows for flexible floor plans.

Question 32

What type of flooring does 307 ELMWOOD, Orem have?

Accepted Answer

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

Question 33

What are the water and sewer connections for 307 ELMWOOD, 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 34

What is the commute like from 307 ELMWOOD, Orem?

Accepted Answer

307 ELMWOOD, 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 35

What shopping and dining is near 307 ELMWOOD, Orem?

Accepted Answer

The nearest restaurant is Apollo Burger (0.5 miles away) and the nearest grocery store is 7-Eleven (0.4 miles). Coffee: 7-Eleven (0.4 mi). Banking: Central Bank - Orem (0.6 mi). Overall amenity proximity score: 99/100.

Question 36

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 37

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 38

What would homeowner's insurance cost for 307 ELMWOOD, 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 $374,900, expect approximately $1,125-$1,875/year ($94-$156/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 39

What are the estimated closing costs for 307 ELMWOOD, Orem?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $374,900, expect approximately $7,498-$18,745 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 40

How does the property tax compare to the list price at 307 ELMWOOD, Orem?

Accepted Answer

The annual property tax of $1,650 represents an effective rate of 0.44% relative to the list price of $374,900. 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 41

What are the total estimated monthly costs for 307 ELMWOOD, Orem?

Accepted Answer

Estimated total monthly housing cost: $2,485. This includes principal & interest ($1,888 at 6.46% with 20% down), property tax ($138/mo), HOA ($334/mo), and estimated insurance (~$125/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 42

Is 307 ELMWOOD, Orem eligible for FHA or VA financing?

Accepted Answer

At $374,900, 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 43

What is the estimated cap rate for 307 ELMWOOD, Orem?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 3.1%, based on estimated annual rent of $17,869 and a purchase price of $374,900. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 44

Is Orem a good rental market?

Accepted Answer

Estimated monthly rent in Orem is approximately $1,477. 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: 4.8%. Utah's steady population growth continues to drive rental demand.

Question 45

Could 307 ELMWOOD, Orem be a 1031 exchange property?

Accepted Answer

Yes, 307 ELMWOOD, 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 46

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 76% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 47

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 48

What school district is 307 ELMWOOD, Orem in?

Accepted Answer

This property is in the Alpine school district. Assigned elementary: Cascade. Assigned middle: Canyon View. 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 49

What parks are near 307 ELMWOOD, Orem?

Accepted Answer

The nearest local park is Sharon Park (0.1 miles away). The nearest state park is Utah Lake State Park (9.7 miles).  Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 50

Is there a golf course near 307 ELMWOOD, Orem?

Accepted Answer

The nearest golf course is Cascade Fairways Golf Course, 1.5 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 51

What water activities are near 307 ELMWOOD, Orem?

Accepted Answer

Water recreation near this property includes: Utah Lake (7.8 mi); boat ramp at Lindon Boat Harbor (4.1 mi); fishing at Provo River (5.6 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 52

Is 307 ELMWOOD, Orem move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 53

What updates might 307 ELMWOOD, Orem need?

Accepted Answer

At 51 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: Forced Air,Gas: Central. 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 54

Does 307 ELMWOOD, 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 55

What is the lot like at 307 ELMWOOD, Orem?

Accepted Answer

The lot is 0.06 acres. Lot features: Cul-De-Sac,Fenced: Part,Road: Paved,View: Mountain. Terrain: Cul-de-Sac, Fenced: Part, Road: Paved, Terrain, Flat, View: Mountain. Views: Mountain(s).  Lot characteristics affect usability, privacy, and future improvement potential.

Question 56

What utilities are available at 307 ELMWOOD, 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 57

Does 307 ELMWOOD, 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.

Question 58

Is there EV charging near 307 ELMWOOD, Orem?

Accepted Answer

The nearest EV charging station is ChargePoint Charging Station, approximately 0.8 miles from the property. A home EV charger can be installed if 240V electrical service is available. Utah offers a growing EV charging network along major corridors and in urban centers. Convenient public charging is available nearby for supplemental needs.

307 ELMWOOD, Orem, UT 84057

307 E ELMWOOD DR, Orem, UT 84057

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