Question 1

What is the asking price for 340 1200, Orem?

Accepted Answer

340 1200, Orem is listed at $1,860,000.  This listing is currently active and available for showings.

Question 2

When was 340 1200, Orem built?

Accepted Answer

This property was built in 1970, making it 56 years old. This established home has character and may feature unique architectural details. A thorough inspection is recommended to assess systems and structure.

Question 3

What type of property is 340 1200, Orem?

Accepted Answer

340 1200, Orem is a Commercial Sale (Retail).  It is located in the CARILLON SQUARE subdivision. Zoning: Commercial.

Question 4

Is there an HOA for 340 1200, 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 5

What are the property taxes for 340 1200, Orem?

Accepted Answer

Annual property taxes for this property are approximately $5,800 (about $483/month). This represents an effective tax rate of approximately 0.31% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 6

What are the key features of 340 1200, Orem?

Accepted Answer

Interior features include: Floor Drains, Basement, Kitchen, Restroom: Public. Exterior features include: Out Buildings.

Question 7

How long has 340 1200, Orem been on the market?

Accepted Answer

This property has been listed for 9 days. The average days on market in Orem is 49 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 8

Is 340 1200, Orem suitable for horses?

Accepted Answer

Yes, this property is tagged as equestrian-friendly. The MLS listing confirms horse keeping is permitted. The 0.31-acre lot provides space for pasture and facilities. Check with the local municipality for any animal keeping permits required.

Question 9

How does this listing compare to the Orem market?

Accepted Answer

340 1200, Orem is listed at $1,860,000, which is above the Orem median of $510,000 by $1,350,000. There are currently 167 active listings in Orem. Homes in Orem sell in an average of 49 days. The average sale-to-list ratio is 98.7%.

Question 10

What is the Orem real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Orem is $510,000. There are currently 167 active listings. Homes sell in an average of 49 days. The average sale-to-list ratio is 98.7%. This listing at $1,860,000 is above the Orem 2026 median.

Question 11

Are there other homes for sale in Orem?

Accepted Answer

Yes — there are currently 167 active listings in Orem. Browse all Orem homes for sale at propaired.ai/listings/ut/orem. Prices range around a median of $510,000. Homes in Orem are selling in about 49 days on average.

Question 12

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 13

How does this price compare to the Utah state average?

Accepted Answer

At $1,860,000, this property is above the Utah state median of $525,000 by $1,335,000. 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 14

What heating and cooling systems does 340 1200, Orem have?

Accepted Answer

Heating: Natural Gas. 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 15

What type of roof does 340 1200, Orem have?

Accepted Answer

The roof material is Wood. Ask the listing agent about the roof's age and any recent repairs. With a 56-year-old home, reviewing recent roof inspections is recommended.

Question 16

What type of flooring does 340 1200, Orem have?

Accepted Answer

Flooring types include: Tile.  Tile flooring is durable and ideal for high-traffic areas and bathrooms.

Question 17

What is the commute like from 340 1200, Orem?

Accepted Answer

340 1200, 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 18

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 19

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 20

What would homeowner's insurance cost for 340 1200, 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 $1,860,000, expect approximately $5,580-$9,300/year ($465-$775/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 21

What are the estimated closing costs for 340 1200, Orem?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $1,860,000, expect approximately $37,200-$93,000 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 22

How does the property tax compare to the list price at 340 1200, Orem?

Accepted Answer

The annual property tax of $5,800 represents an effective rate of 0.31% relative to the list price of $1,860,000. 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 23

Is 340 1200, Orem eligible for FHA or VA financing?

Accepted Answer

At $1,860,000, 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 24

Could 340 1200, Orem be a 1031 exchange property?

Accepted Answer

Yes, 340 1200, 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 25

What is the price trend in Orem?

Accepted Answer

Orem's median price has increased 89.5% month-over-month. Current median: $510,000. Days on market have increased by 234.6% month-over-month. Homes are selling at 98.7% of list price on average. Monitor these trends to time your offer strategically.

Question 26

Is 340 1200, Orem move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 27

What updates might 340 1200, Orem need?

Accepted Answer

At 56 years old, common updates to consider include: roof replacement (if original), HVAC system update, electrical panel upgrade, water heater replacement. Current roof: Wood. Current heating: Natural Gas. 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 28

Does 340 1200, 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 29

What is the lot like at 340 1200, Orem?

Accepted Answer

The lot is 0.31 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

Question 30

What utilities are available at 340 1200, Orem?

Accepted Answer

Available utilities include: 120/240 V 1 Phase,Gas: Natural.   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 31

Does 340 1200, Orem have natural gas?

Accepted Answer

Yes, this property has natural gas service — the heating system is listed as: Natural Gas. 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.

340 1200, Orem, UT 84058

340 E 1200 S, Orem, UT 84058

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