385 1000, Orem, UT 84057
4BD/—BA Residential in Orem, UT 84057. 2,442 sqft. Built 1973. Listed at $500,000. MLS #2158622.
4BD/—BA Residential in Orem, UT 84057. 2,442 sqft. Built 1973. Listed at $500,000. MLS #2158622.
Huge Price Reduction! This north Orem neighborhood is full of charm! Just a few minutes to I-15 or Provo Canyon, take your pick! Envision hours spent admiring the incredible views of Mt. Timpanogos in the fully fenced backyard. The home features 2 bedrooms, 1 full bath upstairs, and a separate basement entrance with 2 bedrooms, 1 full bath downstairs. It is a quad-level home, perfect for multi-generational living or house-hacking. ADU has a kitchenette and a separate laundry. The roof was replaced in Nov 2024. Owner-agent. Square footage figures are provided as a courtesy estimate only and were obtained from an appraisal. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Tri/Multi-Level
Stories
4
Subdivision
QUEENS PARK
County
Utah
Zoning
Single-Family
Construction
Brick
Lot Size
0.22 sq ft
Above Grade Area
1,078 sq ft
Condition
Blt./Standing
MLS #
2158622
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Tri/Multi-Level
Stories
4
Subdivision
QUEENS PARK
County
Utah
Zoning
Single-Family
Construction
Brick
Lot Size
0.22 sq ft
Above Grade Area
1,078 sq ft
Condition
Blt./Standing
MLS #
2158622
List Price
$500,000
Original Price
$525,000
Annual Taxes
$1,875
Home Warranty
No
List Price
$500,000
Original Price
$525,000
Annual Taxes
$1,875
Home Warranty
No
Heating
Gas: Central,Wood
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet
Basement
Entrance,Full
Materials
Brick
Appliances
Ceiling Fan,Dryer,Range Hood,Refrigerator,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup
Water Source
Culinary,Irrigation,Irrigation: Pressure
Sewer
Sewer: Connected
View
Mountain(s)
Heating
Gas: Central,Wood
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet
Basement
Entrance,Full
Materials
Brick
Appliances
Ceiling Fan,Dryer,Range Hood,Refrigerator,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup
Water Source
Culinary,Irrigation,Irrigation: Pressure
Sewer
Sewer: Connected
View
Mountain(s)
Covered Spaces
1
Total Parking
4
Covered Spaces
1
Total Parking
4
Why this is a deal
Classification
Exceptional DealDeal Score
95/100
vs Similar Homes
18% below
vs Market Median
12% below
Price Reduced
4.8%
Area Growth (YoY)
5.5%
Deal Score Breakdown
95/100 · 3 qualifying signals
Priced 18% below the median of similar listings
Priced 12% below the per-subtype city median
5.5% year-over-year ZHVI growth in this area
5% price reduction from original list — seller may be motivated
LT net cashflow -$1,071/mo (-32.0% return on ownership cost) · STR net cashflow -$668/mo (-19.9% 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
$2,589/mo
Range: $1,221 – $3,956
Net Monthly Cash Flow
−$1,071 /mo (−$12,847/yr)
Monthly rental income
Monthly ownership cost
Coverage
77%
Net /mo
−$1,071
DSCR
0.90
Est. Annual Revenue
$45,956/yr
$358/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$668 /mo (−$8,015/yr)
Monthly STR income
Monthly ownership cost
Coverage
114%
Net /mo
−$668
DSCR
1.06
School District
Alpine
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$510,000
-2% vs median
45 days
172
$249,500 – $5,195,000
$1,875
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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