1632 350, Orem, UT 84058
3BD/—BA Residential in Orem, UT 84058. 2,435 sqft. Built 1962. Listed at $524,900. MLS #2168985.
3BD/—BA Residential in Orem, UT 84058. 2,435 sqft. Built 1962. Listed at $524,900. MLS #2168985.
Nestled in a quiet cul-de-sac, this property offers an amazing, well kept HUGE .41 acre lot with mature trees giving you privacy and space to spread out. The location can't be beat, located right next door to Cherry Hill Elementary and Cherry Hill Park with tennis courts, a large pavilion and playground. The crown jewel is the sprawling, maturely landscaped backyard with 2 fruit trees-a rare find in today's market. Host summer BBQs under the large covered patio (already wired for a hot tub!) while enjoying your private oasis. Storage is a breeze with three sheds, carport storage, and a dedicated RV pad. Inside, you'll find a fully finished basement with a separate entrance for a mother-in-law apartment ideal for extended family, guests, or rental income. The main floor features a welcoming living room, kitchen, and half bath while the upper level boasts a full bath and two large bedrooms (one was previously two rooms and can easily convert back to a 3-bedroom layout!). The lower level adds a cozy second family room, bedroom, and 3/4 bath. Head down one more level to find a second kitchen, storage room, and 2 versatile flex rooms perfect for an office, craft room, or an additional storage room or an additional bedroom if the window is enlarged. A fresh coat of paint and some new carpet will make this place shine! Whether you are looking for a primary residence near schools or a strategic investment close to I-15, BYU & UVU, this home delivers. With its central location that keeps you minutes from everything Orem has to offer, this home is a blank canvas ready for your personal touch. Square footage figures are provided as a courtesy estimate only and were obtained from 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
CHAPEL HEIGHTS
County
Utah
Zoning
Single-Family
Construction
Brick
Lot Size
0.41 sq ft
Above Grade Area
1,239 sq ft
Condition
Blt./Standing
MLS #
2168985
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Tri/Multi-Level
Stories
4
Subdivision
CHAPEL HEIGHTS
County
Utah
Zoning
Single-Family
Construction
Brick
Lot Size
0.41 sq ft
Above Grade Area
1,239 sq ft
Condition
Blt./Standing
MLS #
2168985
List Price
$524,900
Annual Taxes
$2,283
Home Warranty
No
List Price
$524,900
Annual Taxes
$2,283
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Evaporative Cooling
Roof
Asphalt
Flooring
Carpet,Hardwood
Basement
Walk-Out Access
Materials
Brick
Appliances
Ceiling Fan,Microwave,Refrigerator
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Forced Air,Gas: Central
Cooling
Evaporative Cooling
Roof
Asphalt
Flooring
Carpet,Hardwood
Basement
Walk-Out Access
Materials
Brick
Appliances
Ceiling Fan,Microwave,Refrigerator
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Covered Spaces
2
Total Parking
6
Covered Spaces
2
Total Parking
6
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
75/100
vs Similar Homes
15% below
vs Market Median
1% above
Area Growth (YoY)
4.9%
Deal Score Breakdown
75/100 · 1 qualifying signal
Priced 15% below the median of similar listings
4.9% year-over-year ZHVI growth in this area
LT net cashflow -$142/mo (-4.0% return on ownership cost) · STR net cashflow -$1,140/mo (-32.3% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 1% above the per-subtype city median
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
$3,844/mo
Range: $0 – $7,746
Net Monthly Cash Flow
−$142 /mo (−$1,704/yr)
Monthly rental income
Monthly ownership cost
Coverage
109%
Net /mo
−$142
DSCR
1.28
Est. Annual Revenue
$40,890/yr
$358/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$1,139 /mo (−$13,674/yr)
Monthly STR income
Monthly ownership cost
Coverage
97%
Net /mo
−$1,140
DSCR
0.91
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$510,000
+3% vs median
49 days
167
$249,500 – $5,195,000
$2,283
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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