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176 South Palisade Drive

176 South Palisade Drive, Orem, UT 84097
Property in Cascade
Sold Apr 12, 2021
$250,000
$200,000 by Mountain America Fcu
Mortgage Due May 01, 2051
Sold Nov 19, 2012
$231,600
$185,300 by Mountain America Fcu
Mortgage Due Dec 01, 2042
176 South Palisade Drive has been categorized by the local assessors in Orem, UT as a residential type of property. The building on the property was first built in 1968 and is 56 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 176 South Palisade Drive has 1,958 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 536 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 8,799 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a a-frame style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a built-in garage for those who require parking. The garage measured 400 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a porch. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C+ by the local assessor. The building has a gable style roof made of shingle (not wood). The exterior walls of the building are made of alum/vinyl siding. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 176 South Palisade Drive sold most recently in Apr 6, 2021 for a total of $250,000. If you work out the math, that's approximately a cost of $127.68 per sqft. Before that, the property was also sold for $231,600 in Nov 14, 2012. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,102 in taxes each year. 176 South Palisade Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $276,265. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Masonry
  • Building Style: A-frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 536
  • Garage Type: Built-in
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 8,799
  • Total Building Area: 1,958
  • Gross Building Area: 2,894
  • Building Area: 1,958
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,958
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIDGE
  • Land Acres: 0.202
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 3, PLAT A, EAST RIDGE SUB AREA 0.202 AC

Ownership

  • Current Owner : SIMS DAVID
  • Current Owner 2: SIMS SUSAN
  • Previous Owner : SIMS DAVID PATRICK
  • Previous Owner 2: SIMS SUSAN HAMPSHIRE
  • Owner Before Previous Owner: SIMS DAVID PATRICK
  • Owner Before Previous Owner 2: SIMS SUSAN HAMPSHIRE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Et al (and others)

Neighborhood

  • School District Name: Alpine School District
  • Census Tract: 001001

Geography

  • Parcel: 38-005-0003
  • Lot: 3
  • Municipality: OREM
  • Latitude: 40.2943
  • Longitude: -111.671

    Address

  • Full Address: 176 S Palisades Dr
  • Address - House Number: 176
  • Street Direction: S
  • Address - Street Name: Palisades
  • Address - Suffix Type: Dr
  • State: UT
  • City Name: Orem
  • Carrier Code: C003
  • 4-Digit Zip Code: 5736
  • Zip Code: 84097

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,102
  • Tax Rate Code Area: 90

    Appraisal Valuation

  • Standard Deviation: 0.2567
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 63
  • Final Value: 608,091
  • High Value: 764,239
  • Low Value: 451,943

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $280,000
  • First Open Lien Mortgage Lender: MOUNTAIN AMERICA FCU
  • First Open Lien Mortgage Recording Date: Apr 12, 2021
  • First Open Lien Mortgage Loan Amount: $200,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2051
  • Second Open Lien Mortgage Lender: MOUNTAIN AMERICA FCU
  • Second Open Lien Mortgage Recording Date: Sep 08, 2023
  • Second Open Lien Mortgage Loan Amount: $80,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $502,300
  • Market Land Value: $266,300
  • Market Improvement Value: $236,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $276,265

    Sales

  • Current Sale Contract Date: Apr 06, 2021
  • Current Sale Recording Date: Apr 12, 2021
  • Current Sale Transaction ID: 11831479206
  • Current Sale Price: $250,000
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 68612:2021
  • Previous Sale Recording Date: Nov 19, 2012
  • Previous Sale Contract Date: Nov 14, 2012
  • Previous Sale Amount: $231,600
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: MOUNTAIN AMERICA FCU
  • First Mortgage Transaction Date: Apr 12, 2021
  • First Mortgage Loan Amount: $200,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: MOUNTAIN AMERICA FCU
  • Previous Mortgage Transaction Date: Nov 19, 2012
  • Previous Mortgage Loan Amount: $185,300
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2042

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Frequently Asked Questions

What neighborhood is 176 South Palisade Drive located in?
The 176 South Palisade Drive is a located in the neighborhood of Cascade in Cascade, Orem.
What is the average sales price for listings in 176 South Palisade Drive?
The average sales price for units in 176 South Palisade Drive is $0 currently.

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