• Pending
  • Price cut 8%

242 W 580 S, Orem, UT 84058

$875,000

Originally listed at $949,900

Est. $5,048/mo

Beds
7
Baths
5
Sq ft
4,190
Built
2022

About this home

Positioned to catch the sunrise over Mount Timpanogos each morning and the mountain glow at sunset each evening, this one-of-a-kind home in Orem's sought-after Farm subdivision checks every box - and then some. Sitting on one of the largest lots in the community, the fully fenced yard gives you rare privacy and room to breathe in a neighborhood known for its quiet streets, low through-traffic, and true sense of community. Inside, the modern open floor plan centers around a stunning waterfall kitchen island - the kind of space that's built for entertaining. The thoughtful extras here are what really set this home apart: a dedicated soundproof home office, a private workout room with sauna, and a suspended slab fun-zone perfect for a game room, hobby space, or additional storage. A fully permitted, legal ADU offers serious upside - whether you're looking to offset your mortgage with rental income, house extended family, or add an investment component to your primary residence. Along with the rental income, you can eliminate your electric bill with solar. All of this just minutes from Utah Valley University, University Place Mall, Costco, Trader Joe's, and Scera Park - with quick I-15 access rounding out a location that's hard to beat. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement.

Features

  • Fireplace
  • Home warranty
  • Accessory Apt
  • Basement Apartment
  • Bath: Sep. Tub/Shower
  • Closet: Walk-In
  • Den/Office
  • Disposal
  • Vaulted Ceilings
  • Video Door Bell(s)
  • Video Camera(s)
  • Smart Thermostat(s)
  • Balcony
  • Basement Entrance
  • Deck; Covered
  • Double Pane Windows
  • Lighting
  • Sliding Glass Doors

Agents

Connect with your buyer agent

Get local guidance on this home from Juston.

JP

Salt Lake County Realtor | Smart Real Estate. Lasting Legacy.

KW Utah Realtors Keller Williams (REVO)

20 yrs experience

Salt Lake City, West Valley City
Dedicated buyer representation

Listed by Nate Killpack

Mission Real Estate LLC

MLS #2183205

Your message goes only to Juston.

Schools

Alpine

Home details

Property

Type
Residential
Style
Single Family Residence
Architectural style
Stories: 2
Year built
2022
Stories
3
Above grade area
2,372 sq ft
Condition
Blt./Standing
Construction
Stucco
County
Utah
Zoning
Single-Family
MLS #
2183205

Costs

List price
$875,000
Original price
$949,900
Annual taxes
$3,472
Home warranty
Yes

Lot and parking

Lot
9,583 sqft
Garage
2 cars
Covered spaces
2
Total parking
5

Systems

Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Entrance
Laundry
Electric Dryer Hookup
Water
Culinary
Sewer
Sewer: Connected
All home details56 details

Property Info

Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Condition
Blt./Standing
MLS #
2183205
County
Utah
Year Built
2022
New Construction
No
Stories
3
Total Rooms
20
Living Area
4,190 sq ft
Above Grade Area
2,372 sq ft
Lot Size (Acres)
0.22
Lot Size
9,583.2 sq ft
Zoning
Single-Family

Bedrooms & Baths

Bedrooms
7
Total Bathrooms
5
Full Baths
3
Half Baths
1
¾ Baths
1

Financial

List Price
$875,000
Original Price
$949,900
HOA
No
Annual Taxes
$3,472
Home Warranty
Yes

Structure

Construction
Stucco
Basement
Entrance
Roof
Asphalt
Flooring
Carpet,Tile
Heating
Gas: Central
Cooling
Central Air
Laundry
Electric Dryer Hookup

Lot & Land

Waterfront
No
Horse Property
No

Parking

Garage
Yes
Garage Spaces
2
Carport
No
Covered Spaces
2
Open Parking
3
Total Parking
5
ADU
Yes

Amenities

Fireplace
Yes
Fireplaces
1
Pool
No
Spa/Hot Tub
No

Utilities

Water Source
Culinary
Sewer
Sewer: Connected
Utilities
Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected

Schools

Elementary
Orem
Middle School
Lakeridge
High School
Orem
Elementary District
Alpine

Timeline

Listed
Sep 3, 2026
Days on Market
53
Status
Pending
MLS Status
Under Contract

Orem market

Explore Orem
  • Orem median

    $500,000

    This home: 75% above

  • Days to sell

    65

    Utah: 70

  • Homes for sale

    190

  • Price range

    $230k – $4.6M

  • Sale to list

    99%

  • Market

    Balanced market

SafetyModerate · 44.2 incidents per 1,000 residents · 5% below the Utah average

Safety rating 5.0 out of 10.

Violent

9.5

per 1,000 · national 3.6

Property

25.1

per 1,000 · national 17.6

vs Utah

−5%

46.4 per 1,000 statewide

vs Utah

+44%

30.8 per 1,000 countywide

Society

9.6

per 1,000

Population 94,571 · 2024 reports · Local rates use NIBRS; national rates use FBI UCR index crimes, which count fewer offense types.

Location

242 W 580 S, Orem, UT 84058

Open in map search

Common questions

About 242 W 580 S, Orem, Utah
What is the asking price for 242 W 580 S, Orem?

242 W 580 S, Orem is listed at $875,000 ($209/sqft). The original list price was $949,900, representing a reduction of $74,900. Current status: Pending.

How long has 242 W 580 S, Orem been on the market?

This property has been listed for 53 days. The average days on market in Orem is 65 days, meaning this listing is moving faster than the local average.

What schools serve 242 W 580 S, Orem?

Assigned schools: Elementary: Orem; Middle: Lakeridge; High: Orem. There are 10 schools within 3 miles of this property. The highest-rated nearby school is Walden School of Liberal Arts with a 64% state performance score (2.3 miles away). School district: Alpine.

How does this listing compare to the Orem market?

242 W 580 S, Orem is listed at $875,000, which is above the Orem median of $500,000 by $375,000. There are currently 190 active listings in Orem. Homes in Orem sell in an average of 65 days. The average sale-to-list ratio is 99.0%.

What is the commute like from 242 W 580 S, Orem?

242 W 580 S, Orem is located in Orem, in the Wasatch Front region of Utah. With a population of approximately 100,000, Orem offers a residential setting. 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.

What would homeowner's insurance cost for 242 W 580 S, Orem?

Homeowner's insurance in Utah typically ranges from 0.3% to 0.5% of the home's value annually. For a home listed at $875,000, expect approximately $2,625-$4,375/year ($219-$365/month). Get multiple quotes — rates vary significantly by insurer.

All 8 questions
Could 242 W 580 S, Orem be a 1031 exchange property?

Yes, 242 W 580 S, Orem 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.

How many bedrooms and bathrooms does 242 W 580 S, Orem have?

This Residential features 7 bedrooms, 5 bathrooms, 4,190 square feet of living space. It is a 3-story home. The lot is 0.22 acres.

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