1509 N 1040 W Orem, UT 84057
Aspen NeighborhoodEstimated Value: $481,000 - $555,000
3
Beds
2
Baths
1,444
Sq Ft
$355/Sq Ft
Est. Value
About This Home
This home is located at 1509 N 1040 W, Orem, UT 84057 and is currently estimated at $511,914, approximately $354 per square foot. 1509 N 1040 W is a home located in Utah County with nearby schools including Bonneville Elementary School, Orem Junior High School, and Timpanogos High School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 11, 2021
Sold by
Madsen Michael Kelly and Madsen Marilyn Ruth
Bought by
Madsen Family Trust and Madsen
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,598
Outstanding Balance
$216,455
Interest Rate
2.6%
Mortgage Type
FHA
Estimated Equity
$297,388
Purchase Details
Closed on
Feb 9, 2021
Sold by
Madsen Perry Ralph and Madsen Family Trust
Bought by
Taylor Jason
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,598
Outstanding Balance
$216,455
Interest Rate
2.6%
Mortgage Type
FHA
Estimated Equity
$297,388
Purchase Details
Closed on
Aug 12, 2008
Sold by
Madsen Marilyn R
Bought by
Madsen Marilyn R and Madsen Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
3.75%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Purchase Details
Closed on
Apr 7, 2005
Sold by
Madsen Marilyn R
Bought by
Madsen Marilyn R and Madsen Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.92%
Mortgage Type
Future Advance Clause Open End Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Taylor Jason | -- | Mountain View Title | |
| Madsen Marilyn R | -- | Meridian Title Company | |
| Madsen Marilyn R | -- | Meridian Title Company | |
| Madsen Marilyn R | -- | First American Title Co | |
| Madsen Marilyn R | -- | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Taylor Jason | $238,598 | |
| Previous Owner | Madsen Marilyn R | $348,000 | |
| Previous Owner | Nadsen Marilyn R | $50,000 | |
| Previous Owner | Madsen Marilyn R | $50,000 |
Source: Public Records
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,963 | $240,020 | $0 | $0 |
| 2023 | $1,871 | $245,850 | $0 | $0 |
| 2022 | $1,904 | $242,440 | $0 | $0 |
| 2021 | $1,773 | $341,900 | $159,800 | $182,100 |
| 2020 | $1,616 | $306,300 | $127,800 | $178,500 |
| 2019 | $1,444 | $284,600 | $127,800 | $156,800 |
| 2018 | $9 | $257,100 | $116,800 | $140,300 |
| 2017 | $1,362 | $137,390 | $0 | $0 |
| 2016 | $159 | $126,500 | $0 | $0 |
| 2015 | $170 | $120,505 | $0 | $0 |
| 2014 | $1,248 | $109,285 | $0 | $0 |
Source: Public Records
Map
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