NOT LISTED FOR SALE

524 W 1240 N Orem, UT 84057

Bonneville Neighborhood

Estimated Value: $606,000 - $622,200

6 Beds
3 Baths
2,832 Sq Ft
$216/Sq Ft Est. Value

About This Home

This home is located at 524 W 1240 N, Orem, UT 84057 and is currently estimated at $610,550, approximately $215 per square foot. 524 W 1240 N 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
Oct 4, 2024
Sold by
Paterson Vivian and Paterson Jensen
Bought by
Heward Matt and Heward Rachelle
Current Estimated Value
$610,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Outstanding Balance
$564,008
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$46,542

Purchase Details

Closed on
Apr 16, 2020
Sold by
Gordon Russell E and Gordon Cambra H
Bought by
Paterson Vivian and Paterson Jensen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,250
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2017
Sold by
Gordon Russell E
Bought by
Gordon Russell E and Gordon Cambra H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,500
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2001
Sold by
Currie Ty Fawns and Currie Debra I
Bought by
Hedrick Mark A and Hedrick Jennifer L
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Heward Matt -- Metro National Title
Paterson Vivian -- Highland Title
Gordon Russell E -- Title One
Gordon Russell E -- Old Republic Title
Hedrick Mark A -- Titlewriters Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heward Matt $570,000
Previous Owner Paterson Vivian $375,250
Previous Owner Gordon Russell E $294,500
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 $2,240 $316,085 $193,000 $381,700
2024 $2,109 $273,845 $0 $0
2023 $2,109 $277,200 $0 $0
2022 $2,025 $257,840 $0 $0
2021 $1,887 $363,900 $150,800 $213,100
2020 $1,738 $329,500 $120,600 $208,900
2019 $1,617 $318,700 $120,600 $198,100
2018 $1,573 $296,200 $110,300 $185,900
2017 $1,473 $148,555 $0 $0
2016 $1,482 $137,885 $0 $0
2015 $1,434 $126,170 $0 $0
2014 $1,390 $121,770 $0 $0
Source: Public Records

Map

Utah Utah County Orem 84057 Bonneville

524 W 1240 N, Orem, UT

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