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423 West 1640 South

423 West 1640 South, Orem, UT 84058
Property in Lakeview
Sold Jan 06, 2021
$372,500
$298,000 by Security Home Mortgage Llc
Mortgage Due Jan 01, 2051
Sold Feb 13, 2018
$380,000
$304,000 by Security Home Mortgage Llc
Mortgage Due Mar 01, 2048
423 West 1640 South 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 1976 and is 48 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 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, 423 West 1640 South has 1,323 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 1,323 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 9,148 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 attached garage for those who require parking. The garage measured 576 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 good. 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 masonry. 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, 423 West 1640 South sold most recently in Dec 31, 2020 for a total of $372,500. If you work out the math, that's approximately a cost of $281.56 per sqft. Before that, the property was also sold for $380,000 in Feb 9, 2018. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $2,154 in taxes each year. 423 West 1640 South was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $283,085. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1976
  • Effective Year Built: 1976
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: C+
  • Building Style: A-frame
  • Exterior Walls Type: Masonry
  • 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: 1,323
  • Garage Type: Attached
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 9,148
  • Total Building Area: 1,323
  • Gross Building Area: 3,222
  • Building Area: 1,323
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,323
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HOLLOW ESTATES
  • Land Acres: 0.21
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 5, PLAT C, WILDWOOD HOLLOW ESTATES SUB

Ownership

  • Current Owner : CHUNG SARAH
  • Previous Owner : CHUNG JACOB
  • Previous Owner 2: CHUNG SARAH
  • Owner Before Previous Owner: S AND KT PROPERTIES LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Et al (and others)

Neighborhood

  • School District Name: Alpine School District
  • Census Tract: 001201

Geography

  • Parcel: 55-034-0005
  • Lot: 5
  • Municipality: OREM
  • Latitude: 40.2671
  • Longitude: -111.706

    Address

  • Full Address: 423 W 1640 S
  • Address - House Number: 423
  • Street Segment Direction: S
  • Street Direction: W
  • Address - Street Name: 1640
  • State: UT
  • City Name: Orem
  • Carrier Code: C085
  • 4-Digit Zip Code: 7517
  • Zip Code: 84058

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,154
  • Tax Rate Code Area: 90

    Appraisal Valuation

  • Standard Deviation: 0.1701
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 78
  • Final Value: 562,555
  • High Value: 658,257
  • Low Value: 466,853

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $298,000
  • First Open Lien Mortgage Lender: SECURITY HOME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jan 06, 2021
  • First Open Lien Mortgage Loan Amount: $298,000
  • 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: Jan 01, 2051

    Market Valuation

  • Market Total Value: $514,700
  • Market Land Value: $221,600
  • Market Improvement Value: $293,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $283,085

    Sales

  • Current Sale Contract Date: Dec 31, 2020
  • Current Sale Recording Date: Jan 06, 2021
  • Current Sale Transaction ID: 11818400899
  • Current Sale Price: $372,500
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 2674:2021
  • Previous Sale Recording Date: Feb 13, 2018
  • Previous Sale Contract Date: Feb 09, 2018
  • Previous Sale Amount: $380,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SECURITY HOME MORTGAGE LLC
  • First Mortgage Transaction Date: Jan 06, 2021
  • First Mortgage Loan Amount: $298,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: SECURITY HOME MORTGAGE LLC
  • Previous Mortgage Transaction Date: Feb 13, 2018
  • Previous Mortgage Loan Amount: $304,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Mar 01, 2048

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Frequently Asked Questions

What neighborhood is 423 West 1640 South located in?
The 423 West 1640 South is a located in the neighborhood of Lakeview in Lakeview, Orem.
What is the average sales price for listings in 423 West 1640 South?
The average sales price for units in 423 West 1640 South is $0 currently.

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