$10,000 Closing Credit¹
#2051311, Clay Winder, Listing Office: KW WESTFIELD
$2,420,000 List price
242 N 500 W Provo, UT 84601
$10,000
Closing credit¹
10 beds
10 baths
7,618 sqft
0.5 acres
$318 / sqft
Multi-Family
Property details
About 242 N 500 W
This is a meticulously maintained property in the heart of Provo. All units are 1 bedroom/1 bath. New ownership will benefit from a well-performing and fully stabilized property. Square footage figures are provided as a courtesy estimate only and were obtained from the county records. Buyer is advised to obtain an independent measurement.
Highlights
Home typeMulti Family
StatusActive
Size7,618 sqft
Lot size0.45 Acres
Year built2001
ParkingCovered, Parking: Uncovered
MLS #2055493
Summary
- MLS Number: 2055493
- MLS Name: UtahRealEstate.com
- Office Name: Rock Canyon Real Estate LLC
- Office Phone: (801) 318-4483
- Listing Agent: Joshua Spackman
Based on information from UtahRealEstate.com All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable but not guaranteed accurate. The compilation of listings and each individual listing are Copyright © 2025 UtahRealEstate.com All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/16/2025, 11:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$2,420,000
242 N 500 W
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,001,770 | $10,221 |
| 2023 | $991,870 | $10,221 |
| 2021 | $1,445,300 | $9,342 |
| 2020 | $1,376,600 | $8,469 |
| 2019 | $701,030 | $6,568 |
| 2017 | $609,675 | $6,575 |
History based on county public records data.
Nearby schools
4
Timpanogos School
Public District KG-6
0.2 mi
•449 N 500 W
2
Franklin School
Public District PK-6
0.6 mi
•350 S 600 W
6
Provo Peaks School
Public District PK-6
1.0 mi
•665 E Center St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,317. Residents of Provo, UT typically earn less than $<35k each year. Typical family type is married, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
68%
<35k
30%
35k-100k
0%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
29%
Single, No Kids
6%
Single, with Kids
41%
Married, No Kids
24%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
3%
12-17 yrs old
66%
18-34 yrs old
13%
35-64 yrs old
1%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Foot Locker
Burlington
Where do the neighbors go to eat?
Boston Market
Little Caesars
White Castle
What do the neighbors drive?
Honda
Dodge
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
Similar homes for sale
$10,000 Closing Credit¹
#2059633, Joshua Spackman, Listing Office: Rock Canyon Real Estate LLC
$10,000 Closing Credit¹
#2032642, Roger W Berg, Listing Office: Real Estate with Roger a Professional Limited Liability Company
This home is located at 242 N 500 W in Provo, UT and zip code 84601 in the Timp neighborhood. This 7,618 square foot home, which was built in 2001, sits on a 0.45 acre lot. Features: 10 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since December 20, 2024 and is currently priced at $2,420,000.
The number of homes for sale in Provo, UT increased by 28.9% between January and February 2025. In February 2025, listings were on the market for 97 days. During the same period, the median list price in this real estate market was $549,450.
From Rocket Homes Real Estate and based on county public records data.