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Image 1 - 442 East 700 North, Orem, UT 84097, USA - House for sale
Image 2 - 442 East 700 North, Orem, UT 84097, USA - House for sale
Image 3 - 442 East 700 North, Orem, UT 84097, USA - House for sale
Image 4 - 442 East 700 North, Orem, UT 84097, USA - House for sale
Image 5 - 442 East 700 North, Orem, UT 84097, USA - House for sale
Home For Sale In Orem, Utah
442 East 700 North, Orem, UT 84097, USA

Home For Sale In Orem, Utah

house for sale
Listed: 02/29/24

442 East 700 North, Orem, UT 84097, USA

14 Bed:
14 Bath:
5,802 Sq Ft Living Area:
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Price
$ 1M

About This House

Bel Aire Assisted Living of Orem is a 14-unit assisted living facility located in Orem, Utah. The property is licensed with the Utah Department of Health as a type-1 assisted living facility. The facility has been running with only 60% occupancy, creating a significant opportunity for a new owner to nearly double the property's gross income. A buyer can also come in and turn this into a single-family home.

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Orem Housing & Living

Average sale prices for houses

4+ bed
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In April 2024, the asking price for 4 bed houses for sale in/near Orem, United States averaged $519,505, staying on the same level compared to the previous month.
Median price trends for properties for sale in Orem, United States as of April 2024.

Household Income

Median household income: $58,077
Number of households: 27,518
The average household income in Orem, UT grew from $56,376 to $58,077 in the past year. This data is an estimate based upon 27,518 households in Orem, UT.
The chart below presents how household income is distributed in Orem, UT in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Orem, UT compared to median property taxes around the country. The prevalent amount of property taxes in Orem, UT equals $800-$1,500 , which is more than the national average.