216 400, Orem, UT 84058
3BD/—BA Residential in Orem, UT 84058. 1,941 sqft. Built 1973. Listed at $400,000. MLS #2143159.
3BD/—BA Residential in Orem, UT 84058. 1,941 sqft. Built 1973. Listed at $400,000. MLS #2143159.
Price Improved! Located in the desirable Cherry Village community, this condo offers fantastic amenities including a private park, basketball courts, a swimming pool, and a picnic area. The home features several recent upgrades such as a brand-new refrigerator, new furnace and A/C, a Nest thermostat, and a basement water drain. The primary suite has been updated with a new ceiling fan, beautiful new shower tile, and a double-sink vanity in the primary bathroom.
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-mid
Stories
3
Subdivision
CHERRY VILLAGE CONDO
County
Utah
Construction
Aluminum,Brick
Lot Size
0.01 sq ft
Above Grade Area
1,307 sq ft
Condition
Blt./Standing
MLS #
2143159
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-mid
Stories
3
Subdivision
CHERRY VILLAGE CONDO
County
Utah
Construction
Aluminum,Brick
Lot Size
0.01 sq ft
Above Grade Area
1,307 sq ft
Condition
Blt./Standing
MLS #
2143159
List Price
$400,000
Original Price
$425,000
HOA Fees
$266 / Monthly
Annual Taxes
$1,451
Home Warranty
No
List Price
$400,000
Original Price
$425,000
HOA Fees
$266 / Monthly
Annual Taxes
$1,451
Home Warranty
No
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Laminate
Basement
Full
Materials
Aluminum,Brick
Appliances
Range Hood,Refrigerator
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Laminate
Basement
Full
Materials
Aluminum,Brick
Appliances
Range Hood,Refrigerator
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Covered Spaces
2
Total Parking
4
Covered Spaces
2
Total Parking
4
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
80/100
vs Similar Homes
15% below
vs Market Median
2% below
Price Reduced
5.9%
Area Growth (YoY)
3.9%
Deal Score Breakdown
80/100 · 2 qualifying signals
Priced 15% below the median of similar listings
6% price reduction from original list — seller may be motivated
Priced 2% below the per-subtype city median
3.9% year-over-year ZHVI growth in this area
LT net cashflow -$21/mo (-0.7% return on ownership cost) · STR net cashflow -$812/mo (-27.6% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
Monthly Rent
$3,323/mo
Range: $2,935 – $3,712
Net Monthly Cash Flow
−$21 /mo (−$252/yr)
Monthly rental income
Monthly ownership cost
Coverage
113%
Net /mo
−$21
DSCR
1.44
Est. Annual Revenue
$36,566/yr
$364/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$812 /mo (−$9,742/yr)
Monthly STR income
Monthly ownership cost
Coverage
104%
Net /mo
−$812
DSCR
1.05
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$502,000
-20% vs median
52 days
161
$249,000 – $3,150,000
$1,451
$266/monthly
Moderate
9.5
per 1,000
25.1
per 1,000
9.6
per 1,000
44.2
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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