Question 1

What is the asking price for 263 1060, Orem?

Accepted Answer

263 1060, Orem is listed at $565,000 ($173/sqft).  This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 263 1060, Orem have?

Accepted Answer

This Residential features 5 bedrooms, 3 bathrooms, 3,270 square feet of living space. It is a 2-story home. The lot is 0.21 acres.

Question 3

When was 263 1060, Orem built?

Accepted Answer

This property was built in 1977, making it 49 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 263 1060, Orem?

Accepted Answer

263 1060, Orem is a Residential (Single Family Residence). The architectural style is Split-Entry/Bi-Level. It is located in the PLAT A subdivision. Zoning: Single-Family.

Question 5

Does 263 1060, Orem have a garage or parking?

Accepted Answer

Yes, this property includes a 2-car garage and 5 open parking spaces. Total parking capacity: 7 vehicles.

Question 6

Is there an HOA for 263 1060, Orem?

Accepted Answer

No, this property is not part of a homeowners association, which means no monthly HOA fees. Homeowners maintain full control over their property without HOA restrictions or assessments.

Question 7

What are the property taxes for 263 1060, Orem?

Accepted Answer

Annual property taxes for this property are approximately $2,462 (about $205/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 263 1060, Orem?

Accepted Answer

Interior features include: Bath: Primary, Disposal, Range/Oven: Free Stdng.. Exterior features include: Deck; Covered, Double Pane Windows. The home has 1 fireplace.   View: Mountain(s).

Question 9

Is 263 1060, Orem a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Strong Cash Flow" with a deal score of 100/100. Key deal signals: Priced 8% below similar homes; Priced 12% below market median (per-type); 3.7% year-over-year market appreciation. The price is 8% below 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 $617,500 (based on 10 homes). At $565,000, this listing is 8% below the median for comparable homes. It ranks #Fair Price among similar listings by value.

Question 11

What would the monthly mortgage payment be for 263 1060, Orem?

Accepted Answer

At the current 30-year mortgage rate of 6.37% with 20% down, the estimated monthly principal and interest payment is $2,818. Including estimated taxes, the total monthly cost is approximately $3,023. A 15-year mortgage at 5.72% would be $3,746/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 12

How long has 263 1060, Orem been on the market?

Accepted Answer

This property has been listed for 0 days. The average days on market in Orem is 53 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 13

Is 263 1060, Orem a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $67,971 with a gross rental yield of 12.0%. Net rental yield (after estimated expenses): 7.8%. This property passes the 1% rule — monthly rent exceeds 1% of purchase price. Estimated debt service coverage ratio (DSCR): 1.77. Investor score: 66/100. These are estimates based on area comparables.

Question 14

What is the estimated rental income for 263 1060, Orem?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $5,664 ($67,968/year). The gross rent multiplier is 8.3x (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 263 1060, Orem offer?

Accepted Answer

Propaired's AI has identified 2 lifestyle features for this property: Scenic Views, New Construction. The primary lifestyle niche is "new_construction." These tags are derived from MLS data, property features, and location analysis.

Question 16

Is 263 1060, Orem new construction?

Accepted Answer

Yes, this is a new construction property built in 1977. New construction in Utah typically includes modern energy codes, current building standards, builder warranties, and contemporary finishes.  Review the builder warranty terms and any remaining items on the builder punch list.

Question 17

What schools serve 263 1060, Orem?

Accepted Answer

Assigned schools: Elementary: Westmore; Middle: Lakeridge; High: Mountain View. There are 9 schools within 3 miles of this property. The highest-rated nearby school is Walden School of Liberal Arts with a 64% state performance score (2.5 miles away). School district: Alpine.

Question 18

What high school is near 263 1060, Orem?

Accepted Answer

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

Question 19

What elementary school is near 263 1060, Orem?

Accepted Answer

The nearest elementary school is Westmore (1.7 miles away). State performance score: 57%. District: Provo District. Propaired provides full school ratings and comparison data for all schools in this area.

Question 20

What middle school is near 263 1060, Orem?

Accepted Answer

The nearest middle school is Lakeridge.

Question 21

How good are the schools near 263 1060, Orem?

Accepted Answer

Of the 9 schools within 3 miles, 9 have state performance data with an average score of 57%.  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 22

Is 263 1060, Orem in a flood zone?

Accepted Answer

This property is classified as low.  Flood insurance is not typically required but may be recommended.  Always verify current FEMA maps as they are periodically updated.

Question 23

How does this listing compare to the Orem market?

Accepted Answer

263 1060, Orem is listed at $565,000, which is above the Orem median of $495,000 by $70,000. There are currently 151 active listings in Orem. Homes in Orem sell in an average of 53 days. The average sale-to-list ratio is 98.6%.

Question 24

What is the Orem real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Orem is $495,000. There are currently 151 active listings. Homes sell in an average of 53 days. The average sale-to-list ratio is 98.6%. This listing at $565,000 is above the Orem 2026 median.

Question 25

Are there other homes for sale in Orem?

Accepted Answer

Yes — there are currently 151 active listings in Orem. Browse all Orem homes for sale at propaired.ai/listings/ut/orem. Prices range around a median of $495,000. Homes in Orem are selling in about 53 days on average.

Question 26

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 27

How does this price compare to the Utah state average?

Accepted Answer

At $565,000, this property is above the Utah state median of $515,000 by $50,000. Orem prices are 4% 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 28

What is the Propaired intelligence score for 263 1060, Orem?

Accepted Answer

This property has a Propaired intelligence score of 55/100, combining deal value (100), recreation access (N/A), amenity proximity (N/A), broadband quality (N/A), and lifestyle features (2 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 29

What heating and cooling systems does 263 1060, 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 30

What type of roof does 263 1060, Orem have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 49-year-old home, reviewing recent roof inspections is recommended.

Question 31

Does 263 1060, Orem have a basement?

Accepted Answer

Yes, the basement is described as: Entrance,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 32

What is 263 1060, Orem constructed from?

Accepted Answer

Construction materials include: Brick. Brick construction is durable and low-maintenance, offering excellent insulation and fire resistance.

Question 33

What type of flooring does 263 1060, Orem have?

Accepted Answer

Flooring types include: Carpet,Hardwood,Tile. Hardwood floors are a premium feature that adds lasting value and can be refinished multiple times. Tile flooring is durable and ideal for high-traffic areas and bathrooms. Carpeted areas provide warmth and comfort, especially in bedrooms.

Question 34

What are the water and sewer connections for 263 1060, 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 35

What is the commute like from 263 1060, Orem?

Accepted Answer

263 1060, 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 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 263 1060, 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 $565,000, expect approximately $1,695-$2,825/year ($141-$235/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 263 1060, Orem?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $565,000, expect approximately $11,300-$28,250 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 263 1060, Orem?

Accepted Answer

The annual property tax of $2,462 represents an effective rate of 0.44% relative to the list price of $565,000. 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 41

What are the total estimated monthly costs for 263 1060, Orem?

Accepted Answer

Estimated total monthly housing cost: $3,211. This includes principal & interest ($2,818 at 6.37% with 20% down), property tax ($205/mo), and estimated insurance (~$188/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 42

Is 263 1060, Orem eligible for FHA or VA financing?

Accepted Answer

At $565,000, this property may exceed standard FHA loan limits and could require a conventional or jumbo loan. 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 263 1060, Orem?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 7.8%, based on estimated annual rent of $67,971 and a purchase price of $565,000. A cap rate above 6% is generally considered strong for residential investment. This property also passes the 1% rule.

Question 44

Is Orem a good rental market?

Accepted Answer

Estimated monthly rent in Orem is approximately $4,545. Homes in Orem sell in an average of 53 days, indicating healthy demand in this market. There are 151 active listings currently. Gross rental yield in this area: 12.0%. Utah's steady population growth continues to drive rental demand.

Question 45

Could 263 1060, Orem be a 1031 exchange property?

Accepted Answer

Yes, 263 1060, 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

How does 263 1060, Orem compare to recently sold homes nearby?

Accepted Answer

Based on 10 comparable properties, the median sold price in this area is $617,500. This listing is 8% below the comparable median. It ranks Fair Price among similar listings by value. The median for this property type specifically is $642,000. Comparable analysis is based on similar size, age, and location.

Question 47

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 114% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 48

What is the price trend in Orem?

Accepted Answer

Orem's median price has increased 14.3% month-over-month. Current median: $495,000. Days on market have decreased by 28.7% month-over-month. Homes are selling at 98.6% of list price on average. Monitor these trends to time your offer strategically.

Question 49

Is 263 1060, Orem overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Strong Cash Flow." At 8% below comparable homes, this property appears competitively priced. Deal score: 100/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 50

What school district is 263 1060, Orem in?

Accepted Answer

This property is in the Alpine school district. Assigned elementary: Westmore. Assigned middle: Lakeridge. 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 51

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 Edgemont School (#178) and Lakeridge Jr High (#181). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 52

Is 263 1060, Orem move-in ready?

Accepted Answer

As new construction, this home is expected to be move-in ready with modern finishes and warranties.

Question 53

What updates might 263 1060, Orem need?

Accepted Answer

At 49 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 263 1060, 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 263 1060, Orem?

Accepted Answer

The lot is 0.21 acres. Lot features: Curb & Gutter,Fenced: Part,Road: Paved,Sidewalks,Sprinkler: Auto-Full,View: Mountain. Terrain: Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain. Views: Mountain(s).  Lot characteristics affect usability, privacy, and future improvement potential.

Question 56

What utilities are available at 263 1060, 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 263 1060, 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.

263 1060, Orem, UT 84058

263 W 1060 S, Orem, UT 84058

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