Question 1

What is the asking price for 983 1055, Orem?

Accepted Answer

983 1055, Orem is listed at $295,000 ($308/sqft).  This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 983 1055, Orem have?

Accepted Answer

This Residential features 2 bedrooms, 1 bathroom, 958 square feet of living space. It is a 1-story home. The lot is 0.02 acres.

Question 3

When was 983 1055, Orem built?

Accepted Answer

This property was built in 2008, making it 18 years old. Built in the early 2000s, the home benefits from modern construction standards and may have updated systems.

Question 4

What type of property is 983 1055, Orem?

Accepted Answer

983 1055, Orem is a Residential (Condominium). The architectural style is Condo; Middle Level. It is located in the TORINO VILLAGE PHASE 1 CONDO subdivision.

Question 5

Does 983 1055, Orem have a garage or parking?

Accepted Answer

Yes, this property includes 1 open parking space and a carport. Total parking capacity: 2 vehicles.

Question 6

Is there an HOA for 983 1055, Orem?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $275 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

What are the property taxes for 983 1055, Orem?

Accepted Answer

Annual property taxes for this property are approximately $1,224 (about $102/month). This represents an effective tax rate of approximately 0.41% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 983 1055, Orem?

Accepted Answer

Interior features include: Disposal, Granite Countertops, Theater Room. Exterior features include: Balcony.  Private pool included. Spa/hot tub included. View: Lake,Mountain(s).

Question 9

Is 983 1055, Orem a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 45/100. Key deal signals: 3.9% year-over-year market appreciation. The price is 4% 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 $283,950 (based on 10 homes). At $295,000, this listing is 4% above the median for comparable homes. It ranks #Fair Price among similar listings by value.

Question 11

What would the monthly mortgage payment be for 983 1055, Orem?

Accepted Answer

At the current 30-year mortgage rate of 6.36% with 20% down, the estimated monthly principal and interest payment is $1,470. Including estimated taxes and HOA fees, the total monthly cost is approximately $1,847. A 15-year mortgage at 5.71% would be $1,955/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 12

How long has 983 1055, Orem been on the market?

Accepted Answer

This property has been listed for 21 days. The average days on market in Orem is 52 days, meaning this listing is moving faster than the local average.

Question 13

Is 983 1055, Orem a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $15,708 with a gross rental yield of 5.3%. Net rental yield (after estimated expenses): 3.5%.  Estimated debt service coverage ratio (DSCR): 0.78. Investor score: 38/100. These are estimates based on area comparables.

Question 14

What is the estimated rental income for 983 1055, Orem?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $1,309 ($15,708/year). The gross rent multiplier is 18.8x (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 983 1055, Orem offer?

Accepted Answer

Propaired's AI has identified 6 lifestyle features for this property: Pool, Luxury Estate, Scenic Views, Hot Tub/Spa, Investor Special, Master-Planned Community. The primary lifestyle niche is "luxury_estate." These tags are derived from MLS data, property features, and location analysis.

Question 16

Is 983 1055, Orem near skiing?

Accepted Answer

This property is within reach of skiing. Sundance Resort is 8.1 miles away. Utah's world-class resorts offer 500+ inches of annual snowfall and "The Greatest Snow on Earth."

Question 17

Does 983 1055, Orem have a pool?

Accepted Answer

Yes, this property includes a private pool. A hot tub/spa is also included. Utah summers can reach 100°F+, making a pool a valuable amenity. Consider seasonal maintenance costs of approximately $2,000-$4,000/year for a Utah pool.

Question 18

What makes 983 1055, Orem a luxury property?

Accepted Answer

This property is classified as a luxury estate based on its price point, features, and location. At 958 sqft on 0.02 acres, it offers premium living.  The property features scenic views.  Luxury properties in Utah benefit from no state estate tax and relatively low property tax rates.

Question 19

What recreation is near 983 1055, Orem?

Accepted Answer

This property has a recreation score of 69/100. Nearby recreation includes: Lindon Murdock Canal trailhead (2.3 mi); Timp Hospital Greenspace park (0.3 mi); Topgolf (1.0 mi); Utah Lake State Park (9.0 mi). Skiing: Sundance Resort (8.1 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 20

Are there hiking trails near 983 1055, Orem?

Accepted Answer

Yes, the nearest trailhead is Lindon Murdock Canal, just 2.3 miles from the property. Utah Lake State Park is 9.0 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 983 1055, Orem?

Accepted Answer

This property has an amenity proximity score of 89/100. Nearby services include: Grocery: Redmond Heritage Farm Store (0.8 mi); Hospital: Orem Imaging ctr (0.8 mi); Pharmacy: Walgreens Pharmacy (1.0 mi); Dining: Ali’itasi Productions LLC (2.3 mi). Gas station: 0.9 miles. Gym: The Yoga Shala (1.0 mi).

Question 22

How far is the nearest hospital from 983 1055, Orem?

Accepted Answer

The nearest hospital is Orem Imaging ctr, approximately 0.8 miles from the property. The nearest fire station is 1.3 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 23

What schools serve 983 1055, Orem?

Accepted Answer

Assigned schools: Elementary: Bonneville; Middle: Orem; High: Timpanogos. There are 9 schools within 3 miles of this property. The highest-rated nearby school is Timpanogos High with a 60% state performance score (1.6 miles away). School district: Alpine.

Question 24

What high school is near 983 1055, Orem?

Accepted Answer

The nearest high school is Timpanogos. View the full school profile on Propaired for test scores, enrollment, and student-to-teacher ratios.

Question 25

What elementary school is near 983 1055, Orem?

Accepted Answer

The nearest elementary school is Bonneville (0.6 miles away). State performance score: 59%. District: Lumen Scholar Institute. Propaired provides full school ratings and comparison data for all schools in this area.

Question 26

What middle school is near 983 1055, Orem?

Accepted Answer

The nearest middle school is Orem.

Question 27

How good are the schools near 983 1055, Orem?

Accepted Answer

Of the 9 schools within 3 miles, 9 have state performance data with an average score of 55%.  School quality is a key factor in home values — properties near top-rated schools typically command a 5-10% premium. Visit each school's detail page on Propaired for full performance breakdowns.

Question 28

What is the internet speed at 983 1055, 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 (500 Mbps, Fiber). Total providers: 15.

Question 29

Is 983 1055, 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 30

How does this listing compare to the Orem market?

Accepted Answer

983 1055, Orem is listed at $295,000, which is below the Orem median of $502,000 by $207,000. There are currently 161 active listings in Orem. Homes in Orem sell in an average of 52 days. The average sale-to-list ratio is 98.7%.

Question 31

What is the Orem real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Orem is $502,000. There are currently 161 active listings. Homes sell in an average of 52 days. The average sale-to-list ratio is 98.7%. This listing at $295,000 is below the Orem 2026 median.

Question 32

Are there other homes for sale in Orem?

Accepted Answer

Yes — there are currently 161 active listings in Orem. Browse all Orem homes for sale at propaired.ai/listings/ut/orem. Prices range around a median of $502,000. Homes in Orem are selling in about 52 days on average.

Question 33

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 34

How does this price compare to the Utah state average?

Accepted Answer

At $295,000, this property is below the Utah state median of $517,990 by $222,990. 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 35

What is the Propaired intelligence score for 983 1055, Orem?

Accepted Answer

This property has a Propaired intelligence score of 59/100, combining deal value (45), recreation access (69), amenity proximity (89), broadband quality (100), and lifestyle features (6 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 36

What heating and cooling systems does 983 1055, Orem have?

Accepted Answer

Heating: Gas: Central. Cooling: Central Air. Modern HVAC systems typically last 15-20 years with proper maintenance. Utah's climate ranges from sub-zero winters to 100°F+ summers, making reliable heating and cooling essential.

Question 37

What type of roof does 983 1055, Orem have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 18-year-old home, reviewing recent roof inspections is recommended.

Question 38

Does 983 1055, Orem have a basement?

Accepted Answer

Yes, the basement is described as: None. 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 39

What is 983 1055, Orem constructed from?

Accepted Answer

Construction materials include: Stucco. The construction type affects long-term maintenance requirements and insurance costs.

Question 40

What type of flooring does 983 1055, 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 41

What are the water and sewer connections for 983 1055, 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 42

What is the commute like from 983 1055, Orem?

Accepted Answer

983 1055, 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 43

What shopping and dining is near 983 1055, Orem?

Accepted Answer

The nearest restaurant is Ali’itasi Productions LLC (2.3 miles away) and the nearest grocery store is Redmond Heritage Farm Store (0.8 miles). Coffee: Dutch Bros Coffee (1.0 mi). Banking: Zions Bank (0.7 mi). Overall amenity proximity score: 89/100.

Question 44

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 45

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 46

What would homeowner's insurance cost for 983 1055, 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 $295,000, expect approximately $885-$1,475/year ($74-$123/month).   Get multiple quotes — rates vary significantly by insurer.

Question 47

What are the estimated closing costs for 983 1055, Orem?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $295,000, expect approximately $5,900-$14,750 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 48

How does the property tax compare to the list price at 983 1055, Orem?

Accepted Answer

The annual property tax of $1,224 represents an effective rate of 0.41% relative to the list price of $295,000. 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 49

What are the total estimated monthly costs for 983 1055, Orem?

Accepted Answer

Estimated total monthly housing cost: $1,945. This includes principal & interest ($1,470 at 6.36% with 20% down), property tax ($102/mo), HOA ($275/mo), and estimated insurance (~$98/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 50

Is 983 1055, Orem eligible for FHA or VA financing?

Accepted Answer

At $295,000, 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 51

What is the estimated cap rate for 983 1055, Orem?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 3.5%, based on estimated annual rent of $15,708 and a purchase price of $295,000. Lower cap rates often indicate appreciation-focused markets where property values are expected to rise.

Question 52

Is Orem a good rental market?

Accepted Answer

Estimated monthly rent in Orem is approximately $1,169. Homes in Orem sell in an average of 52 days, indicating healthy demand in this market. There are 161 active listings currently. Gross rental yield in this area: 5.3%. Utah's steady population growth continues to drive rental demand.

Question 53

Could 983 1055, Orem be a 1031 exchange property?

Accepted Answer

Yes, 983 1055, 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 54

How does 983 1055, Orem compare to recently sold homes nearby?

Accepted Answer

Based on 10 comparable properties, the median sold price in this area is $283,950. This listing is 4% above the comparable median. It ranks Fair Price among similar listings by value. The median for this property type specifically is $299,900. Comparable analysis is based on similar size, age, and location.

Question 55

Is the Orem neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 3.9% over the past year. The current Zillow Home Value Index for this area is $135,250. This listing is priced at 218% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 56

What is the price trend in Orem?

Accepted Answer

Orem's median price has decreased 0.2% month-over-month. Current median: $502,000. Days on market have increased by 22.6% month-over-month. Homes are selling at 98.7% of list price on average. Monitor these trends to time your offer strategically.

Question 57

Is 983 1055, 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: 45/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 58

What school district is 983 1055, Orem in?

Accepted Answer

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

Question 59

How do nearby schools rank statewide?

Accepted Answer

Of the 9 nearby schools with state rankings, the highest-ranked is Canyon View Jr High at #175 statewide (52% performance score). Other ranked nearby schools include Lakeridge Jr High (#181) and Trailside Elementary (#203). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 60

What parks are near 983 1055, Orem?

Accepted Answer

The nearest local park is Timp Hospital Greenspace (0.3 miles away). The nearest state park is Utah Lake State Park (9.0 miles).  Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 61

Is there a golf course near 983 1055, Orem?

Accepted Answer

The nearest golf course is Topgolf, 1.0 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 62

What water activities are near 983 1055, Orem?

Accepted Answer

Water recreation near this property includes: Utah Lake (7.2 mi); boat ramp at Lindon Boat Harbor (2.4 mi); fishing at Provo River (7.2 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 63

Is 983 1055, Orem move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 64

Does 983 1055, 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.

983 1055, Orem, UT 84057

983 W 1055 N #812, Orem, UT 84057

About This Property

Features & Amenities

Property Info

Financial

Structure & Systems

Parking

Property Intelligence

Lifestyle

Flood Zone

Deal Analysis

Investment Potential

Long-Term Rental

Short-Term Rental

Schools

Recreation & Amenities

Recreation NearbyScore: 69/100

Amenities NearbyScore: 89/100

Internet & Connectivity

All Property Details

Property Info

Bedrooms & Baths

Financial

Structure

Lot & Land

Parking

Amenities

Utilities

Schools

Timeline

Media

Orem Market Context

Crime & Safety

Orem compared to:

vs National Average (FBI UCR 2024)

Connect with a Buyer’s Agent

Similar Homes

$299,900

$259,000

$266,000

$254,900

$249,000

Find Your Dream Home

Frequently Asked Questions

Discover

Recreation Nearby
Score: 69/100

Amenities Nearby
Score: 89/100