2 months on rocket

Backup Offers

359 E 1600 S, Orem, UT, 84058

$1,000,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
4 Baths
3,952 SqFt
$253/SqFt
Multi

Location

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359 E 1600 S, Orem$1,000,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingCovered, Parking: Uncovered
Year Built1977
HeatingForced Air
MLS #2026553
Lot Size0.27 Acres
StatusAccepting Backup Offers
(Backup)

About 359 E 1600 S

This is a great 4-plex with great income in Cherry Hill area of Orem on .27 acres! One storage and one covered parking are provided for each unit as well as one uncovered parking per unit. These are all recently remodeled units with newer appliances and roof. Entrance to units are provided on back and front of building. There is also a grass space. Very well maintained and ready to purchase. 1 of the 4 units is rented at $1,350/ mo and the other 3 are rented for $1,200 with great tenants on contracts.

Property Details

Property Features

Property Information:

  • Architectural Style: Side By Side
  • Year Built: 1977
  • Stories: 0
  • Living Area: 3,952 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices Elite Real Estate
  • Office Phone: (801) 224-9011
  • Listing Agent: Dallin Nelson

Interior Features

Interior Information:

  • Flooring Type: Carpet, Laminate, Tile
  • Interior: Disposal, Range/Oven: Free Stdng., Granite Countertops, Dishwasher: Built-In

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: Covered, Parking: Uncovered

Lot Features

Lot Information:

  • Lot: Sidewalk, Sprinklers
  • Lot Size: 0.27 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,000,000
  • Price Per SqFt: $253/SqFt

Tax Information:

  • Annual Amount: $2,903
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Orem, UT.

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Orem, UT

City

Med. List Price

$525K

Med. Price/SqFt

$233

Avg. Days On Market

93

359 E 1600 S vs Orem

77 DAYS ON ROCKET

-16 Days

$1,000,000

+$475K More

$253/SqFt

+$20 More

KEY TAKEAWAY

This property is $475K more than the Median List Price and $20/SqFt more than other homes in Orem, UT.

Based on homes listed in November 2024

MLS Details

MLS Information:

  • MLS Name: UtahRealEstate.com
  • MLS Number: #2026553

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices Elite Real Estate
  • Office Phone: (801) 224-9011
  • Listing Agent: Dallin Nelson

IDXBased on information from UtahRealEstate.com All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable but not guaranteed accurate. The compilation of listings and each individual listing are Copyright © 2024 UtahRealEstate.com All rights reserved.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 1:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,903$550,300
2019$2,512$282,480
2017$2,263$228,305

History based on county public records data.

Payment Calculator

$5,058

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,065

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4534162
6
/10

  • Cherry Hill Elementary School

  • 250 E 1650 S

  • 0.18 miles

  • Public District Grades KG-6

school-card-donut-4534163
4
/10

  • Westmore Elementary School

  • 1150 S Main St

  • 0.80 miles

  • Public District Grades KG-6

school-card-donut-4534164
8
/10

  • Westridge School

  • 1720 W 1460 N

  • 0.97 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,625. The most common annual income of people living in Orem, UT is between $35k-100k. The majority of families are married, with kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Utah›Utah County›Orem›84058›359 E 1600 S

This home is located at 359 E 1600 S in Orem, UT and zip code 84058 in the Cherry Hill neighborhood. This 3,952 square foot home, which was built in 1977, sits on a 0.27 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 01, 2024 and is currently priced at $1,000,000.

The inventory of homes for sale in Orem, UT between October 2024 and November 2024 increased by 29.5%. While the average time on the market in November 2024 was 93 days, the median list price was $525,000.

From Rocket Homes Real Estate and based on county public records data.

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