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302 East Elmwood Drive

302 East Elmwood Drive, Orem, UT 84057
Property in Sharon
Sold Jun 01, 2022
Transfer
$419,363 by Network Funding Lp
Mortgage Due Jul 01, 2052
Sold Jan 30, 2019
$214,900
$212,087 by Guild Mortgage Co
Mortgage Due Feb 01, 2049
302 East Elmwood 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 1975 and is 49 years old. The home has a total of 5 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 302 East Elmwood Drive has 1,080 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 1,080 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 871 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 carport for those who require parking. 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. 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 stucco. 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 air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Prior to that sales transaction, the property was sold for $214,900 in Jan 30, 2019. Current property owners are expected to pay $1,513 in taxes per year. The property on 302 East Elmwood Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $198,825. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C+
  • Building Style: A-frame
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 1,080
  • Garage Type: Carport
  • Parking Space Count: 0
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 871
  • Total Building Area: 1,080
  • Gross Building Area: 2,160
  • Building Area: 1,080
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,080
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARK
  • Land Acres: 0.02
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: UNIT 24, GARDEN PARK EAST A PLANNED UNIT DEVELOPMENT. AMENDED

Ownership

  • Current Owner : SOLIS EDUARDO GAMIZ
  • Current Owner 2: GARCIA ABUNDIO GAMIZ
  • Previous Owner : JANAE ROSE
  • Owner Before Previous Owner: OLSON JOHN
  • Owner Before Previous Owner 2: OLSON LORA B
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Sep 21, 2023

Neighborhood

  • School District Name: Alpine School District
  • Census Tract: 000901

Geography

  • Parcel: 40-006-0025
  • Municipality: OREM
  • Latitude: 40.3051
  • Longitude: -111.689

    Address

  • Full Address: 302 Elmwood Dr
  • Legal Unit: 24
  • Address - House Number: 302
  • Address - Street Name: Elmwood
  • Address - Suffix Type: Dr
  • State: UT
  • City Name: Orem
  • Carrier Code: C042
  • 4-Digit Zip Code: 4109
  • Zip Code: 84057

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,513
  • Tax Rate Code Area: 90

    Appraisal Valuation

  • Standard Deviation: 0.2751
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 60
  • Final Value: 435,519
  • High Value: 555,361
  • Low Value: 315,676

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $444,524
  • First Open Lien Mortgage Lender: NETWORK FUNDING LP
  • First Open Lien Mortgage Recording Date: Jun 01, 2022
  • First Open Lien Mortgage Loan Amount: $419,363
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2052
  • Second Open Lien Mortgage Lender: NETWORK FUNDING LP
  • Second Open Lien Mortgage Recording Date: Jun 01, 2022
  • Second Open Lien Mortgage Loan Amount: $25,161
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $361,500
  • Market Land Value: $53,100
  • Market Improvement Value: $308,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $198,825

    Sales

  • Current Sale Contract Date: Jun 01, 2022
  • Current Sale Recording Date: Jun 01, 2022
  • Current Sale Transaction ID: 11894730468
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 66198
  • Previous Sale Recording Date: Jan 30, 2019
  • Previous Sale Contract Date: Jan 30, 2019
  • Previous Sale Amount: $214,900
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: GUILD MORTGAGE CO
  • Previous Mortgage Transaction Date: Jan 30, 2019
  • Previous Mortgage Loan Amount: $212,087
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Feb 01, 2049

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Frequently Asked Questions

What neighborhood is 302 East Elmwood Drive located in?
The 302 East Elmwood Drive is a located in the neighborhood of Sharon in Sharon, Orem.
What is the average sales price for listings in 302 East Elmwood Drive?
The average sales price for units in 302 East Elmwood Drive is $0 currently.

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