Question 1

What is the asking price for 342 500, Provo?

Accepted Answer

342 500, Provo is listed at $1,250,000.  Current status: Pending.

Question 2

When was 342 500, Provo built?

Accepted Answer

This property was built in 1904, making it 122 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 342 500, Provo?

Accepted Answer

342 500, Provo is a Commercial Sale (Retail).

Question 4

Is there an HOA for 342 500, Provo?

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 342 500, Provo?

Accepted Answer

Annual property taxes for this property are approximately $5,865 (about $489/month). This represents an effective tax rate of approximately 0.47% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 6

How long has 342 500, Provo been on the market?

Accepted Answer

This property has been listed for 0 days. The average days on market in Provo is 45 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 7

How does this listing compare to the Provo market?

Accepted Answer

342 500, Provo is listed at $1,250,000, which is above the Provo median of $480,000 by $770,000. There are currently 255 active listings in Provo. Homes in Provo sell in an average of 45 days. The average sale-to-list ratio is 98.7%.

Question 8

What is the Provo real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Provo is $480,000. There are currently 255 active listings. Homes sell in an average of 45 days. The average sale-to-list ratio is 98.7%. This listing at $1,250,000 is above the Provo 2026 median.

Question 9

Are there other homes for sale in Provo?

Accepted Answer

Yes — there are currently 255 active listings in Provo. Browse all Provo homes for sale at propaired.ai/listings/ut/provo. Prices range around a median of $480,000. Homes in Provo are selling in about 45 days on average.

Question 10

What is the Provo neighborhood like?

Accepted Answer

College town energy with BYU influence. Strong family values, excellent schools, growing tech job market, affordable housing. Great access to outdoor recreation with Provo Canyon nearby. Provo is known for: college-town, family-friendly, tech-hub, affordable. Population: approximately 135,000. Explore the full Provo market data and community guide on Propaired.

Question 11

How does this price compare to the Utah state average?

Accepted Answer

At $1,250,000, this property is above the Utah state median of $525,000 by $725,000. Provo prices are 9% 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 12

What is the commute like from 342 500, Provo?

Accepted Answer

342 500, Provo is located in Provo, in the Wasatch Front region of Utah. With a population of approximately 135,000, Provo has good transportation access. 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 13

What is the Provo community like?

Accepted Answer

Provo is known for: college-town, family-friendly, tech-hub, affordable, outdoor-access. The city has approximately 135,000 residents. The median home price in Provo is $480,000. Explore the full Provo community profile on Propaired for detailed neighborhood insights.

Question 14

Is Provo a safe and family-friendly area?

Accepted Answer

Provo is characterized as: family-friendly. With a population of about 135,000, Provo offers a family-oriented environment. For detailed crime statistics and neighborhood safety data, consult local law enforcement resources and community reports.

Question 15

What would homeowner's insurance cost for 342 500, Provo?

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 $1,250,000, expect approximately $3,750-$6,250/year ($313-$521/month).  Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Question 16

What are the estimated closing costs for 342 500, Provo?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $1,250,000, expect approximately $25,000-$62,500 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 17

How does the property tax compare to the list price at 342 500, Provo?

Accepted Answer

The annual property tax of $5,865 represents an effective rate of 0.47% relative to the list price of $1,250,000. 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 18

Is 342 500, Provo eligible for FHA or VA financing?

Accepted Answer

At $1,250,000, 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 19

Could 342 500, Provo be a 1031 exchange property?

Accepted Answer

Yes, 342 500, Provo 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 20

What is the price trend in Provo?

Accepted Answer

Provo's median price has increased 24.4% month-over-month. Current median: $480,000. 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 21

Is 342 500, Provo move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 22

What updates might 342 500, Provo need?

Accepted Answer

At 122 years old, common updates to consider include: roof replacement (if original), HVAC system update, electrical panel upgrade, water heater replacement.   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 23

Does 342 500, Provo 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 24

What is the lot like at 342 500, Provo?

Accepted Answer

The lot is 0.89 acres.     Lot characteristics affect usability, privacy, and future improvement potential.

342 500, Provo, UT 84601

342 N 500 W, Provo, UT 84601

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