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583 S 1540 W, Orem, UT, 84058

3beds
3baths
1,462sqft
$499,000
$341price/sqft
$2,966/moest. monthly cost
$118,640/yrincome needed

About This Home

Original-owner home in Orem offering 3 bedrooms and 2.5 bathrooms in a quiet, established neighborhood. Built in 1997, the home includes a functional layout with multiple living spaces and abundant natural light, along with key updates such as plantation shutters, about 2 year old roof, siding, and garage door, about 2 year old Energy efficient HVAC system with a nest thermostat, and kitchen appliances. The oven even has an air fryer and self cleaning mode! The roof and the siding warranty is transferrable to the new owner! With a little personalization, this home offers a great opportunity to make it your own. Set on a beautifully landscaped 0.19-acre lot, the backyard is ideal for entertaining, gardening, or relaxing, and includes an attached garage for added convenience. Centrally located near I-15, UVU, parks, schools, shopping, and dining. No HOA. A great opportunity in a desirable Utah County location.

Getting Around

33
WalkingCar-Dependent
45
TransitSome Transit
45
BikeSomewhat Bikeable

Schools

7/10
Vineyard SchoolGrades PK-60.3 mi
7/10
Lakeridge Jr High SchoolGrades 7-91.6 mi
4/10
Mountain View High SchoolGrades 10-121.3 mi

Construction

Condition

  • Property condition: Blt./Standing
  • Year built: 1997

Materials

  • Roof: Asphalt
  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Microwave,Range Hood,Refrigerator,Disposal
  • Laundry features: Electric Dryer Hookup

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1
  • Partial bathrooms: 1

Features

  • Vaulted Ceiling(s),Smart Thermostat
  • Door features: French Doors
  • Window features: Plantation Shutters,Window Coverings,Bay Window(s),Double Pane Windows
  • Flooring: Carpet,Tile
  • Finished area above ground: 1,462

Heating & Cooling

  • Heating features: Forced Air,>= 95% efficiency
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,462
  • Total interior livable area: 1,462 sqft

Property

Details

  • Parcel number: 366700021
  • Zoning description: Single-Family
  • Exclusions: Dryer,Freezer,Washer

Features

  • Levels: Tri/Multi-Level
  • Stories: 2
  • Has view: Yes
  • View description: Mountain(s)
  • Topography of land: Terrain
  • Residential vegetation: Landscaping: Full,Mature Trees

Lot

  • Lot size: 8,276 sqft
  • Features: Corner Lot,Sprinkler: Auto-Full
  • Lot size dimensions: 0.0 x 0.0 x 0.0

Parking

  • Total spaces: 2
  • Parking features: Open
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

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

  • Lightning
    LightningRelatively High
  • Earthquake
    EarthquakeModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Earthquake
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 $2,523$30,276
Home Insurance $100$1,200
Property Taxes $174$2,088
Electricity $169$2,039
Total$2,966$35,592

Income You'd Need if You Spent...

35% on housing$101,691/yr
40% on housing$88,980/yr
45% on housing$79,093/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

$341This listing

vs Other Active Listings

Avg $/sqft

ZIP 84058$161
Utah County$203

vs Homes Sold Last Month

Median $/sqft

ZIP 84058$209
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
2026-04-21Listed for sale$499,000

For Sale by Agent

AgentLisa Ginter
BrokerageSelling Salt Lake

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