223 360, Orem, UT 84057
4BD/—BA Residential in Orem, UT 84057. 2,248 sqft. Built 1986. Listed at $419,900. MLS #2148429.
4BD/—BA Residential in Orem, UT 84057. 2,248 sqft. Built 1986. Listed at $419,900. MLS #2148429.
In the process of updating all flooring and carpeting. Whether you're looking to downsize or level up your lifestyle, this 55+ twin home in Orem offers worry-free living. Located in a pristine 55+ community, this home has been updated with new interior and exterior paint, a new roof, gutters, a new furnace, an A/C, and a new water heater. Plus, the HOA maintains the beautiful, mature landscaping. The great room feels incredibly airy thanks to vaulted ceilings and a custom skylight that floods the space with natural light. You're minutes away from shopping, a medical appointment, or hopping on public transit. The two-car garage features built-in shelving, complemented by a large storage room in the fully finished basement. The covered back patio is a perfect spot for summer BBQs or a quiet evening on this peaceful cul-de-sac. Sq footage provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Condominium
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
LAKECREST III
County
Utah
Zoning
Single-Family
Construction
Brick
Lot Size
0.01 sq ft
Above Grade Area
1,124 sq ft
Condition
Blt./Standing
MLS #
2148429
Property Type
Residential
Property Style
Condominium
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
LAKECREST III
County
Utah
Zoning
Single-Family
Construction
Brick
Lot Size
0.01 sq ft
Above Grade Area
1,124 sq ft
Condition
Blt./Standing
MLS #
2148429
List Price
$419,900
Original Price
$409,000
HOA Fees
$160
Annual Taxes
$1,729
Home Warranty
No
List Price
$419,900
Original Price
$409,000
HOA Fees
$160
Annual Taxes
$1,729
Home Warranty
No
Heating
Gas: Central
Cooling
Central Air,Natural Ventilation
Roof
Asphalt,Composition
Flooring
Carpet,Laminate,Tile
Basement
Full
Materials
Brick
Appliances
Ceiling Fan,Range Hood,Refrigerator,Water Softener Owned
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Gas: Central
Cooling
Central Air,Natural Ventilation
Roof
Asphalt,Composition
Flooring
Carpet,Laminate,Tile
Basement
Full
Materials
Brick
Appliances
Ceiling Fan,Range Hood,Refrigerator,Water Softener Owned
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Garage Spaces
2
Covered Spaces
2
Total Parking
6
Garage Spaces
2
Covered Spaces
2
Total Parking
6
Why this is a deal
Classification
Great Deal (vs Market)
Deal Score
92/100
vs Similar Homes
32% above
vs Market Median
18% below
Area Growth (YoY)
5.9%
Deal Score Breakdown
92/100 · 3 qualifying signals
Priced 18% below the per-subtype city median
LT net cashflow +$615/mo (+20.6% return on ownership cost) · STR net cashflow -$376/mo (-12.6% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
5.9% year-over-year ZHVI growth in this area
Priced 32% above the median of similar listings
No price reduction from original list
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
$4,096/mo
Range: $3,413 – $4,779
Net Monthly Cash Flow
+$615 /mo (+$7,375/yr)
Monthly rental income
Monthly ownership cost
Coverage
137%
Net /mo
+$615
DSCR
1.70
Est. Annual Revenue
$44,804/yr
$364/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$377 /mo (−$4,521/yr)
Monthly STR income
Monthly ownership cost
Coverage
125%
Net /mo
−$376
DSCR
1.23
Elementary
Parkside ElementaryMiddle School
OremHigh School
Mountain ViewSchool District
Alpine
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$502,000
-16% vs median
52 days
161
$249,000 – $3,150,000
$1,729
$160/mo
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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