- 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.
Salt Lake County Realtor | Smart Real Estate. Lasting Legacy.
20 yrs experience
Listed by Nate Killpack
Mission Real Estate LLC
MLS #2183205
Your message goes only to Juston.
Schools
Alpine- Orem
Elementary
- Lakeridge
Middle School · 0.5 mi
53% proficient - Orem
High School
- Lakeridge Jr High
K-8 School · 0.5 mi
53% proficient - Lumen Scholar Institute
High School · 1.7 mi
59% proficient - Vineyard School
K-8 School · 1.9 mi
55% proficient
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 OremOrem 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 searchCommon questions
About 242 W 580 S, Orem, UtahWhat 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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