Question 1

What is the asking price for 720 1500, Orem?

Accepted Answer

720 1500, Orem is listed at $299,999 ($308/sqft).  This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 720 1500, Orem have?

Accepted Answer

This Residential features 2 bedrooms, 1 bathroom, 975 square feet of living space. It is a 1-story home.

Question 3

When was 720 1500, Orem built?

Accepted Answer

This property was built in 1996, making it 30 years old. Homes from this era often feature solid construction. Buyers should review the condition of the roof, HVAC, and plumbing.

Question 4

What type of property is 720 1500, Orem?

Accepted Answer

720 1500, Orem is a Residential (Condominium). The architectural style is Condo; Top Level. It is located in the APRIL CONDO subdivision. Zoning: Multi-Family.

Question 5

Does 720 1500, Orem have a garage or parking?

Accepted Answer

Yes, this property includes 2 open parking spaces. Total parking capacity: 2 vehicles.

Question 6

Is there an HOA for 720 1500, Orem?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $195 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

What are the property taxes for 720 1500, Orem?

Accepted Answer

Annual property taxes for this property are approximately $1,160 (about $97/month). This represents an effective tax rate of approximately 0.39% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 720 1500, Orem?

Accepted Answer

Interior features include: Bath: Primary, Disposal, Floor Drains, French Doors, Kitchen: Updated. Exterior features include: Basement Entrance, Lighting, Porch: Open.    View: Mountain(s).

Question 9

Is 720 1500, 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 7% below similar homes; 5.1% year-over-year market appreciation; $2,282/mo LT net cash flow (+104.4% return on spend). The price is 7% 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 $323,450 (based on 10 homes). At $299,999, this listing is 7% 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 720 1500, Orem?

Accepted Answer

At the current 30-year mortgage rate of 6.36% with 20% down, the estimated monthly principal and interest payment is $1,495. Including estimated taxes and HOA fees, the total monthly cost is approximately $1,787. A 15-year mortgage at 5.71% would be $1,988/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 12

How long has 720 1500, Orem been on the market?

Accepted Answer

This property has been listed for 0 days. The average days on market in Orem is 52 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 13

Is 720 1500, Orem a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $60,934 with a gross rental yield of 20.3%. Net rental yield (after estimated expenses): 13.2%. This property passes the 1% rule — monthly rent exceeds 1% of purchase price. Estimated debt service coverage ratio (DSCR): 2.99. Investor score: 65/100. These are estimates based on area comparables.

Question 14

Can 720 1500, Orem be used as a short-term rental?

Accepted Answer

This property shows potential for short-term rental use (Airbnb/VRBO). Estimated annual STR revenue: $20,570 (0.3x long-term rental income). Check local zoning regulations and HOA rules before purchasing for STR purposes — many Utah municipalities have specific short-term rental ordinances.

Question 15

What is the estimated rental income for 720 1500, Orem?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $5,078 ($60,936/year). The gross rent multiplier is 4.9x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 16

What lifestyle features does 720 1500, Orem offer?

Accepted Answer

Propaired's AI has identified 2 lifestyle features for this property: Bikeable, Short-Term Rental Potential. The primary lifestyle niche is "str_potential." These tags are derived from MLS data, property features, and location analysis.

Question 17

Is 720 1500, Orem near skiing?

Accepted Answer

This property is within reach of skiing. Sundance Resort is 9.0 miles away. Utah's world-class resorts offer 500+ inches of annual snowfall and "The Greatest Snow on Earth."

Question 18

What recreation is near 720 1500, Orem?

Accepted Answer

This property has a recreation score of 74/100. Nearby recreation includes: Rock Canyon trailhead (2.5 mi); Carterville Park park (0.3 mi); Riverside Country Club (0.9 mi); Utah Lake State Park (8.2 mi). Skiing: Sundance Resort (9.0 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 19

Are there hiking trails near 720 1500, Orem?

Accepted Answer

Yes, the nearest trailhead is Rock Canyon, just 2.5 miles from the property. Utah Lake State Park is 8.2 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 20

What amenities and services are near 720 1500, Orem?

Accepted Answer

This property has an amenity proximity score of 76/100. Nearby services include: Grocery: Snack Shack (2.0 mi); Hospital: Great Salt Lake Medical | Ketamine Clinic | Provo (1.5 mi); Pharmacy: Edgemont Pharmacy (1.8 mi); Dining: The Big Bear Coffee Company (2.2 mi). Gas station: 1.6 miles. Gym: Great Salt Lake Wellness Provo | Psychotherapy- Yoga- Ketamine (1.5 mi).

Question 21

How far is the nearest hospital from 720 1500, Orem?

Accepted Answer

The nearest hospital is Great Salt Lake Medical | Ketamine Clinic | Provo, approximately 1.5 miles from the property. The nearest fire station is 2.3 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 22

What schools serve 720 1500, Orem?

Accepted Answer

Assigned schools: Elementary: Centennial; Middle: Lakeridge; High: Orem. There are 5 schools within 3 miles of this property. The highest-rated nearby school is Walden School of Liberal Arts with a 64% state performance score (1.8 miles away). School district: Alpine.

Question 23

What high school is near 720 1500, Orem?

Accepted Answer

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

Question 24

What elementary school is near 720 1500, Orem?

Accepted Answer

The nearest elementary school is Centennial (1.1 miles away). State performance score: 57%. District: Provo District. Propaired provides full school ratings and comparison data for all schools in this area.

Question 25

What middle school is near 720 1500, Orem?

Accepted Answer

The nearest middle school is Lakeridge.

Question 26

How good are the schools near 720 1500, Orem?

Accepted Answer

Of the 5 schools within 3 miles, 5 have state performance data with an average score of 59%.  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 27

What is the internet speed at 720 1500, 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 28

Is 720 1500, 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 29

How does this listing compare to the Orem market?

Accepted Answer

720 1500, Orem is listed at $299,999, which is below the Orem median of $502,000 by $202,001. 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 30

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 $299,999 is below the Orem 2026 median.

Question 31

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 32

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 33

How does this price compare to the Utah state average?

Accepted Answer

At $299,999, this property is below the Utah state median of $517,990 by $217,991. 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 34

What is the Propaired intelligence score for 720 1500, Orem?

Accepted Answer

This property has a Propaired intelligence score of 77/100, combining deal value (100), recreation access (74), amenity proximity (76), broadband quality (100), and lifestyle features (2 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 35

What heating and cooling systems does 720 1500, 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 36

What type of roof does 720 1500, Orem have?

Accepted Answer

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

Question 37

Does 720 1500, Orem have a basement?

Accepted Answer

Yes, the basement is described as: Entrance. 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 38

What is 720 1500, Orem constructed from?

Accepted Answer

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

Question 39

What type of flooring does 720 1500, 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 40

What are the water and sewer connections for 720 1500, Orem?

Accepted Answer

Water source: Culinary,Irrigation. Sewer: Sewer: Connected,Sewer: Public.  Municipal sewer service means no septic maintenance costs. Water is a critical consideration in Utah's arid climate.

Question 41

What is the commute like from 720 1500, Orem?

Accepted Answer

720 1500, 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 42

What shopping and dining is near 720 1500, Orem?

Accepted Answer

The nearest restaurant is The Big Bear Coffee Company (2.2 miles away) and the nearest grocery store is Snack Shack (2.0 miles). Coffee: Starbucks @ Smith’s (2.2 mi). Banking: CCBank - Provo Branch (1.4 mi). Overall amenity proximity score: 76/100.

Question 43

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 44

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 45

What would homeowner's insurance cost for 720 1500, 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 $299,999, expect approximately $900-$1,500/year ($75-$125/month).   Get multiple quotes — rates vary significantly by insurer.

Question 46

What are the estimated closing costs for 720 1500, Orem?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $299,999, expect approximately $6,000-$15,000 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 47

How does the property tax compare to the list price at 720 1500, Orem?

Accepted Answer

The annual property tax of $1,160 represents an effective rate of 0.39% relative to the list price of $299,999. 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 48

What are the total estimated monthly costs for 720 1500, Orem?

Accepted Answer

Estimated total monthly housing cost: $1,887. This includes principal & interest ($1,495 at 6.36% with 20% down), property tax ($97/mo), HOA ($195/mo), and estimated insurance (~$100/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 49

Is 720 1500, Orem eligible for FHA or VA financing?

Accepted Answer

At $299,999, 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 50

What is the estimated cap rate for 720 1500, Orem?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 13.2%, based on estimated annual rent of $60,934 and a purchase price of $299,999. A cap rate above 6% is generally considered strong for residential investment. This property also passes the 1% rule.

Question 51

Is Orem a good rental market?

Accepted Answer

Estimated monthly rent in Orem is approximately $3,656. 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: 20.3%. Utah's steady population growth continues to drive rental demand.

Question 52

Could 720 1500, Orem be a 1031 exchange property?

Accepted Answer

Yes, 720 1500, 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 53

How does 720 1500, Orem compare to recently sold homes nearby?

Accepted Answer

Based on 10 comparable properties, the median sold price in this area is $323,450. This listing is 7% below 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 54

Is the Orem neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 5.1% over the past year. The current Zillow Home Value Index for this area is $129,495. This listing is priced at 232% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 55

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 56

Is 720 1500, Orem overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Strong Cash Flow." At 7% 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 57

What school district is 720 1500, Orem in?

Accepted Answer

This property is in the Alpine school district. Assigned elementary: Centennial. Assigned middle: Lakeridge. 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 58

How do nearby schools rank statewide?

Accepted Answer

Of the 5 nearby schools with state rankings, the highest-ranked is Edgemont School at #178 statewide (62% performance score). Other ranked nearby schools include Lakeridge Jr High (#181) and Westridge School (#211). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 59

What parks are near 720 1500, Orem?

Accepted Answer

The nearest local park is Carterville Park (0.3 miles away). The nearest state park is Utah Lake State Park (8.2 miles).  Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 60

Is there a golf course near 720 1500, Orem?

Accepted Answer

The nearest golf course is Riverside Country Club, 0.9 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 61

What water activities are near 720 1500, Orem?

Accepted Answer

Water recreation near this property includes: Utah Lake (6.2 mi); boat ramp at Utah Lake State Park (3.5 mi); fishing at Provo River (6.2 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 62

Is 720 1500, Orem move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 63

What updates might 720 1500, Orem need?

Accepted Answer

At 30 years old, common updates to consider include: roof replacement (if original), HVAC system update, 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 64

Does 720 1500, Orem come with a home warranty?

Accepted Answer

Yes, a home warranty is included with this property. Home warranties typically cover major systems (HVAC, plumbing, electrical) and appliances for one year, providing peace of mind for buyers. Review the warranty terms to understand coverage limits and deductibles.

720 1500, Orem, UT 84097

720 E 1500 S #720, Orem, UT 84097

About This Property

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Amenities NearbyScore: 76/100

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