634 400, Orem, UT 84097
4BD/—BA Residential in Orem, UT 84097. 3,347 sqft. Built 1958. Listed at $979,000. MLS #2163384.
4BD/—BA Residential in Orem, UT 84097. 3,347 sqft. Built 1958. Listed at $979,000. MLS #2163384.
Rare opportunity to own two contiguous parcels in a desirable Orem neighborhood. The property includes a spacious home at 634 E 400 N and an adjoining parcel at 377 N 650 E featuring a 1,500-square-foot (30' x 50') detached shop with large overhead doors. Originally built in 1958, the home was expanded in 1979 with the addition of a spacious 30' x 20' great room and an oversized two-car garage. The home offers approximately 2,115 square feet on the main level and 1,235 square feet in the basement. The basement includes a mother-in-law apartment with a separate outside entrance. A major recent improvement includes new roofs on the home, storage sheds, and shop installed in 2025. Additional features include a hot tub room, mature landscaping with fruit trees, garden area, and generous outdoor space. The detached 1,500-square-foot shop with large overhead doors provides exceptional flexibility for hobbies, projects, workshop space, vehicle collections, RV storage, and more. Opportunities to purchase a home, large shop, and second parcel together in central Orem are extremely rare. Included parcels are 634 E 400 N, Orem, UT (Parcel #37:015:0005) and 377 N 650 E, Orem, UT (Parcel #37:015:0009). Square footage figures are provided as a courtesy estimate only and were obtained from an independent appraisal. Estimated property taxes and lot size figures reflect the combined totals of both parcels. Buyer to verify all information. Owner/Agent
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
DIXON ACRS.
County
Utah
Zoning
Single-Family
Construction
Asphalt,Brick
Lot Size
0.59 sq ft
Above Grade Area
2,115 sq ft
Condition
Blt./Standing
MLS #
2163384
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
DIXON ACRS.
County
Utah
Zoning
Single-Family
Construction
Asphalt,Brick
Lot Size
0.59 sq ft
Above Grade Area
2,115 sq ft
Condition
Blt./Standing
MLS #
2163384
List Price
$979,000
Annual Taxes
$3,902
Home Warranty
No
List Price
$979,000
Annual Taxes
$3,902
Home Warranty
No
Heating
Gas: Central,Wood
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood
Basement
Full
Materials
Asphalt,Brick
Appliances
Ceiling Fan,Gas Grill/BBQ,Refrigerator
Laundry
Electric Dryer Hookup
Patio & Porch
Porch: Open,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Gas: Central,Wood
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood
Basement
Full
Materials
Asphalt,Brick
Appliances
Ceiling Fan,Gas Grill/BBQ,Refrigerator
Laundry
Electric Dryer Hookup
Patio & Porch
Porch: Open,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Why this is a deal
Classification
Standard
Deal Score
62/100
vs Similar Homes
71% above
vs Market Median
59% above
Area Growth (YoY)
5.5%
Deal Score Breakdown
62/100 · 1 qualifying signal
5.5% year-over-year ZHVI growth in this area
Priced 71% above the median of similar listings
Priced 59% above the per-subtype city median
LT net cashflow -$3,301/mo (-50.2% return on ownership cost) · STR net cashflow -$3,337/mo (-50.7% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
No price reduction from original list
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
$3,721/mo
Range: $1,755 – $5,687
Net Monthly Cash Flow
−$3,302 /mo (−$39,621/yr)
Monthly rental income
Monthly ownership cost
Coverage
57%
Net /mo
−$3,301
DSCR
0.66
Est. Annual Revenue
$55,525/yr
$358/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$3,338 /mo (−$40,052/yr)
Monthly STR income
Monthly ownership cost
Coverage
70%
Net /mo
−$3,337
DSCR
0.65
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$510,000
+92% vs median
45 days
172
$249,500 – $5,195,000
$3,902
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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