608 500, Provo, UT 84601
2BD/—BA Residential in Provo, UT 84601. 793 sqft. Built 1984. Listed at $240,000. MLS #2161775.
2BD/—BA Residential in Provo, UT 84601. 793 sqft. Built 1984. Listed at $240,000. MLS #2161775.
Charming, FULLY UPDATED condo offering exceptional value in a central location. Conveniently situated just minutes from BYU, Utah Valley Hospital, freeway access, downtown Provo, the TRAX station, and a variety of shopping and dining options. This home features quality finishes throughout and has been COMPLETELY remodeled down to the new subfloors. Major improvements made within the past few years include a new furnace, A/C unit, windows, year old water heater, custom shelving in all the closets, and doors. All appliances are included, providing a truly move-in-ready experience. Square footage is provided as an estimate from county records. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Top Level
Stories
1
County
Utah
Zoning
Multi-Family
Construction
Aluminum,Asphalt,Brick
Lot Size
0.02 sq ft
Above Grade Area
793 sq ft
Condition
Blt./Standing
MLS #
2161775
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Top Level
Stories
1
County
Utah
Zoning
Multi-Family
Construction
Aluminum,Asphalt,Brick
Lot Size
0.02 sq ft
Above Grade Area
793 sq ft
Condition
Blt./Standing
MLS #
2161775
List Price
$240,000
HOA Fees
$230 / Monthly
Annual Taxes
$1,249
Home Warranty
No
List Price
$240,000
HOA Fees
$230 / Monthly
Annual Taxes
$1,249
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet
Basement
None
Materials
Aluminum,Asphalt,Brick
Appliances
Dryer,Microwave,Range Hood,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet
Basement
None
Materials
Aluminum,Asphalt,Brick
Appliances
Dryer,Microwave,Range Hood,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Covered Spaces
0
Total Parking
2
Covered Spaces
0
Total Parking
2
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
80/100
vs Similar Homes
12% below
vs Market Median
8% below
Area Growth (YoY)
3.0%
Deal Score Breakdown
80/100 · 2 qualifying signals
Priced 12% below the median of similar listings
Priced 8% below the per-subtype city median
3.0% year-over-year ZHVI growth in this area
LT net cashflow -$903/mo (-48.6% return on ownership cost) · STR net cashflow -$1,098/mo (-59.1% 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
$1,086/mo
Range: $674 – $1,499
Net Monthly Cash Flow
−$903 /mo (−$10,834/yr)
Monthly rental income
Monthly ownership cost
Coverage
58%
Net /mo
−$903
DSCR
0.79
Est. Annual Revenue
$13,050/yr
$283/night · 41% occupancy · $114/bedroom · $0.17/sqft
Net Monthly Cash Flow
−$1,097 /mo (−$13,168/yr)
Monthly STR income
Monthly ownership cost
Coverage
59%
Net /mo
−$1,098
DSCR
0.63
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
12
Available Providers
$465,000
-48% vs median
44 days
234
$190,999 – $38,000,000
$1,249
$230/monthly
Moderate
7.5
per 1,000
22.4
per 1,000
12.2
per 1,000
42.1
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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