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245 S 500 E, Provo, UT, 84606

3beds
2baths
1,840sqft
$445,000
$242price/sqft
$2,712/moest. monthly cost
$108,480/yrincome needed

About This Home

Welcome Home! Whether you are looking for a delightful house that you can transform into your very own home complete with basement mother-in-law apartment or a reliable source of generating rental income to assist with the financial dynamics of ownership. Or perhaps you're investment minded and looking to generate lasting wealth by curating this profitable investment asset complete with immense value and untapped potential to launch or fortify your growing portfolio. located less than 5 minutes away from the BYU Campus providing a virtual unending supply of potential tenants. No matter if You, or Your Tenants are looking to live in a warm and inviting home environment indoors, or taking in a private moment to kick the ball, throw the frisbee, play with the dog, or even immerse yourself in the tranquility of creativity by taking time to paint or throw pottery in the Art Shed nestled within the confines of the secluded back yard. Then when it's time to get out for an evening on the town you or your tenants are only 3 minutes away from the vibrant culture of Downtown Provo replete with numerous restaurants to satisfy any taste and numerous activities that are sure to invigorate the mind. With all the foregoing it is easy to see that this property is amply prepared to provide memories to last a lifetime. If this is the type of environment you are looking for personally or are hoping to provide for your valued tenants then you are hereby invited to consider taking the opportunity to make this ideal residence your very own.. As far as the facts go this property has boasted a solid history of quality tenants. Main Floor Tenants have vacated due to not knowing if the Buyer would be an Investor or an Owner Occupied Buyer. However Rent rate was $1800. Basement tenant just renewed Lease on a Month-to-Month Basis at $1,000.00 a month and would like to secured a long term lease if the new owner will allow, but the month-to-month arrangement ensures that if having a basement tenant is not needed/wanted, notice can be given and tenant would be moved out likely by close of escrow. This property has been pre-inspected by one of the very best Home Inspectors in the entire State of Utah to ensure that this property is in excellent condition, free of any surprises, which report will gladly be shared with any valid accepted offer with a desire to help any ready willing and able buyer make a more informed decision in the purchasing process. What is more, the roof has recently been replaced, and the owner has continued to invest in considerable improvements in the property which are detailed in the supplementary paperwork. Main level is vacant. Kindly provide 24 hour notice prior to any showing requests for the basement. However, don't let that stop you from reaching out to arrange an easy, convenient and private showing today. All information herein is deemed reliable but is not guaranteed. Buyer is therefore responsible to verify all listing information, including square footage/acreage, to Buyer's own satisfaction.

Getting Around

68
WalkingSomewhat Walkable
48
TransitSome Transit
76
BikeVery Bikeable

Schools

5/10
Provo Peaks SchoolGrades K-60.3 mi
9/10
5/10
Centennial Middle SchoolGrades 7-82.4 mi

Construction

Condition

  • Property condition: Blt./Standing
  • Year built: 1924

Materials

  • Roof: Asphalt

Notable Dates

  • Major remodel year: 1999

Type & Style

  • Home type: SingleFamily
  • Architectural style: Rambler/Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Free-Standing Range

Basement

  • Has basement: Yes
  • Basement: Partial,Basement Entrance

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bedrooms: 2

Features

  • In-Law Floorplan
  • Window features: Drapes,Part
  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 688
  • Finished area above ground: 1,152

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,840
  • Total interior livable area: 1,840 sqft

Master Bedroom

  • Level: First

Property

Details

  • Parcel number: 050520027
  • Zoning: RES
  • Zoning description: Single-Family

Features

  • Stories: 2
  • Patio & porch: Covered,Covered Patio
  • Fencing: Full
  • Has view: Yes
  • View description: Mountain(s)
  • Topography of land: Terrain
  • Residential vegetation: Fruit Trees,Landscaping: Full,Vegetable Garden

Lot

  • Lot size: 8,276 sqft
  • Features: Curb & Gutter,Sprinkler: Manual-Part
  • Lot size dimensions: 0.0 x 0.0 x 0.0

Parking

  • Total spaces: 3
  • Parking features: Covered,RV Access/Parking
  • Covered spaces: 1
  • Uncovered spaces: 2
  • Carport: Yes
  • Carport spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Lightning
    LightningRelatively High
  • Heat Wave
    Heat WaveModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Earthquake
Lightning
Heat Wave
Winter Weather

FEMA Declared Disasters Across Utah Counties

Flood

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,250$27,000
Home Insurance $97$1,164
Property Taxes $196$2,352
Electricity $169$2,039
Total$2,712$32,544

Income You'd Need if You Spent...

35% on housing$92,982/yr
40% on housing$81,360/yr
45% on housing$72,320/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 0.9%
0.9%
0%15.0%
Property Taxes Growth Rate2-year average: 2.9%
2.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$242This listing

vs Other Active Listings

Avg $/sqft

ZIP 84606$171
Utah County$203

vs Homes Sold Last Month

Median $/sqft

ZIP 84606$232
Utah County$203

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-05Price change$445,000
2026-04-18Price change$450,000
2026-04-06Price change$455,000
2026-04-04Price change$465,000
2026-03-24Price change$475,000
2026-03-11Price change$480,000
2026-03-05Price change$485,000
2026-02-26Price change$490,000
2026-02-19Price change$495,000
2026-02-09Price change$500,000
2026-01-31Price change$503,000
2026-01-27Price change$504,500
2026-01-20Price change$506,000
2026-01-12Price change$507,500
2026-01-07Price change$509,000
2026-01-01Price change$510,500
2025-12-29Price change$512,000
2025-12-23Price change$513,500
2025-12-05Price change$515,000
2024-01-27Pending sale$440,000
2024-01-25Price change$440,000
2024-01-05Listed for sale$450,000
2019-07-25Sold--
2019-06-07Price change$284,900
2019-05-24Listed for sale$289,900

For Sale by Agent

AgentJordyn Archer
BrokerageBerkshire Hathaway HomeServices Elite Real Estate

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