NOT LISTED FOR SALE

500 W 1640 S Orem, UT 84058

Lakeview Neighborhood

Estimated Value: $521,000 - $572,000

6 Beds
2 Baths
2,172 Sq Ft
$250/Sq Ft Est. Value

About This Home

This home is located at 500 W 1640 S, Orem, UT 84058 and is currently estimated at $544,024, approximately $250 per square foot. 500 W 1640 S is a home located in Utah County with nearby schools including Westmore Elementary School, Lakeridge Jr High School, and Mountain View High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2023
Sold by
Silveira Marcio L
Bought by
Trout Thomas
Current Estimated Value
$544,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Outstanding Balance
$420,065
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$123,959

Purchase Details

Closed on
Jul 29, 2020
Sold by
Shaw Merlin and Shaw Melanie
Bought by
Silveira Marcio L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,200
Interest Rate
3.1%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 26, 2014
Sold by
Radke Rex V and Radke Rachel R
Bought by
Shaw Merlin and Shaw Melaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 9, 2002
Sold by
Federal National Mortgage Association
Bought by
Redke Rex V

Purchase Details

Closed on
Dec 13, 1996
Sold by
Wadley Brad L and Wadley Karla
Bought by
Wadley Brad L and Wadley Karla J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.67%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Trout Thomas -- Inwest Title
Silveira Marcio L -- Blackman Title Services
Shaw Merlin -- Select Title Ins Agency
Redke Rex V $139,000 Empire Land Title Company
Wadley Brad L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trout Thomas $428,000
Previous Owner Silveira Marcio L $342,200
Previous Owner Shaw Merlin $198,000
Previous Owner Wadley Brad L $30,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

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
2025 $2,139 $290,675 -- --
2024 $2,139 $261,525 $0 $0
2023 $1,966 $258,390 $0 $0
2022 $2,067 $263,120 $0 $0
2021 $1,923 $370,800 $185,500 $185,300
2020 $1,626 $308,100 $148,400 $159,700
2019 $1,460 $287,800 $148,400 $139,400
2018 $1,356 $255,300 $130,300 $125,000
2017 $1,293 $130,405 $0 $0
2016 $1,159 $107,800 $0 $0
2015 $1,147 $100,925 $0 $0
2014 $1,114 $97,570 $0 $0
Source: Public Records

Map

Utah Utah County Orem 84058 Lakeview

500 W 1640 S, Orem, UT

Not Listed for Sale

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