718 S CHERRY DR, Orem, UT 84058

$700,000 Asking Price

5 beds
3 baths
2,918  sqft
Built in 1954

**OPEN HOUSE 11/2/2024 12:00 - 3:00 PM** **LEGAL ACCESSORY APARTMENT** Spacious 5-bedroom, 2.5-bath home just steps away from UVU in Orem, offering an unbeatable location with strong potential for appreciation. With 2,900 sq. ft. of living space and set on a generous .34-acre corner lot, this home is perfect for families or investors alike. The home features a newer HVAC system, updated plumbing, and fresh can lighting with dimmers in the basement living room and kitchen. Upstairs, enjoy stunning real hardwood floors in both the primary bedroom and the large living room, which also boasts oversized windows framing breathtaking lake views-the seller's favorite feature. The main floor includes 2 bedrooms and 1.5 baths, while the lower level offers a legal 3-bedroom walk-out basement apartment with its own kitchen and laundry-ideal for rental income or multi-generational living. Both levels feature spacious living areas, large bedrooms, and ample natural light. The property also includes laundry hookups in the utility room. The expansive yard is beautifully landscaped and includes a small shed, a 12x30 ft. garden space, and a surprise second backyard-perfect for gardening, a chicken coop, a swing set, or a dog run. With so much outdoor space, the possibilities are endless! Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement.

Features & Amenities

Interior

General:
Accessory Apt,Basement Apartment,Disposal,Kitchen: Second,Range/Oven: Free Stdng.
Master Bedroom:
Floor: 1st
Appliances:
Ceiling Fan,Dryer,Microwave,Range Hood,Refrigerator,Washer
Laundry:
Electric Dryer Hookup
Basement:
Daylight,Entrance,Full,Walk-Out Access
Flooring:
Carpet,Hardwood,Tile
A/C:
Central Air
Heating:
Forced Air,Gas: Central
Fireplace:
Fireplace, Fireplaces: 1
Disability Feature:
Single Level Living

Exterior

General:
Basement Entrance,Patio: Covered,Porch: Open,Walkout,Patio: Open
Style:
Rambler/Ranch
Parking:
Parking spaces: 7

Construction

Roofing:
Asphalt
Windows:
Blinds,Drapes
General:
Blt./Standing

Location

Originating MLS:
UtahRealEstate.com
School District:
Alpine
County:
Utah

Lot

Topography:
Corner Lot, Curb & Gutter, Fenced: Part, Road: Paved, Secluded Yard, Sidewalks, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain, View: Water
Landscaping:
Landscaping: Full,Mature Trees
Zoning:
Single-Family, 52-107-0014
View:
Mountain(s), View
Current Use:
Single Family

Utilities

Utilities:
Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected
Water:
Culinary
Sewer:
Sewer: Connected,Sewer: Public

Financial

Source:
UtahRealEstate.com

This listing courtesy of:
Summit Realty, Inc., Dan Evans

About Orem, UT

Housing

Number of Units
31,791
Median Home Value
$307,648
Median Rent
$1,030

42.30% of housing units are renter occupied.

5.03% are vacant.

Commute

Car
60.59%
Public Transportation
1.67%
Walk to Work
1.67%
Work from Home
34.69%
Other
0.57%

The median travel time to work is 14 minutes.

People

Population
98,384
Median Age
28.10
Median Household Size
3.24

Education

High School
17.20%
Associate’s Degree
10.65%
Bachelor’s Degree
27.57%
Graduate Degree
13.67%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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