For sale MLS# 2193805 · 18 days on the market
$1,340,000
It starts with a call with an agent.
492 S 1000 W, Orem, UT 84058
About this home
Exceptional 8,700 Sq. Ft. Home Near UVU with Accessory Apartment, Home Business Space & Abundant Storage: Discover the possibilities in this impressive 8,700-square-foot home in Orem, conveniently located near Utah Valley University! With generous living spaces and a versatile layout, this home offers outstanding potential for a large family, multigenerational living, working from home, or potential for rental income. The main level features a family room, living room, kitchen, office, laundry room, bathroom and a mud room. The upstairs features a spacious primary suite with a large private bathroom, plus three additional bedrooms and a large bathroom with a jacuzzi tub. Four gas fireplaces throughout the home add warmth and character, while a large upper-level loft offers even more room for relaxing, entertaining, or creating a gathering area. Flexible space for work or business: Above the garage are three additional rooms with a separate exterior entrance. This space offers excellent potential for a home office, business workspace, or other uses to suit your needs. Approved basement accessory apartment: The basement features an approved accessory apartment that can be configured as either a two- or three-bedroom unit with two bathrooms. This versatile space offers possibilities for extended family, multigenerational living, or potential rental income. Exceptional garage space and storage: The property includes a three-car garage, two additional smaller garages ideal for lawn equipment or extra storage, a double-car driveway, and ample additional parking along the side of the house. A huge cold-storage room beneath the front porch provides even more valuable storage space. Built with quality and functionality in mind, this substantial home also features a new roof installed last year. With 8,700 square feet of space, multiple living possibilities, dedicated work areas, abundant parking, and a location near UVU, this property offers a unique opportunity to create a home that fits your family's needs today and into the future.
Written by the listing agent.
Location
The market in Orem today
$1,340,000 is 155% above the median asking price in Orem.
At $155 per sqft it asks 33% less than the median in the city.
66% of the listings for sale have lowered their price at least once.
From the listings for sale, as of October 30, 2026. Asking prices only: Utah does not make sold prices public.
Living in Orem
Orem is a city in Utah County in the north central part of the state, adjacent to Provo, Lindon, and Vineyard and approximately 45 miles south of Salt Lake City.
- 98,129 residents (2020)
- 1 rail station
- 3 named trails
- 30 named parks
Monthly payment
- Principal & interest
- $7,426
- Property tax
- $528
- Home insurance
- $110
10% down ($134,000), 30-year fixed at 6.25%. Tax from the MLS record; insurance is an estimate. Not a loan offer.
Details
- Style
- Stories: 2
- Garage
- 4 cars
- Basement
- Entrance, Full, Walk-Out Access
- Lot
- 0.46 acres
- Subdivision
- RAWLINGS
- Stories
- 4
See all 20 details
- Rooms
- 33
- Basement finished
- 100%
- Parking
- Parking: Uncovered, Rv Parking, 2 Car Deep (Tandem), Built-In, Extra Height, Extra Width, Extra Length, Workshop, Workbench
- Heating
- Forced Air, Gas: Central, Gas: Radiant
- Cooling
- Central Air
- Flooring
- Carpet, Hardwood, Tile
- Roof
- Asphalt
- Construction
- Aluminum, Brick
- Water
- Culinary
- Sewer
- Sewer: Connected, Sewer: Public
- County
- Utah
- Faces
- East
- Zoning
- Single-Family
- Terms
- Cash, Conventional
- Basement Apartment
- Bath: Primary
- Bath: Sep. Tub/Shower
- Central Vacuum
- Closet: Walk-In
- Den/Office
- Disposal
- French Doors
- Jetted Tub
- Kitchen: Second
See all 38 features
Interior
- Basement Apartment
- Bath: Primary
- Bath: Sep. Tub/Shower
- Central Vacuum
- Closet: Walk-In
- Den/Office
- Disposal
- French Doors
- Jetted Tub
- Kitchen: Second
- Laundry Chute
- Mother-in-Law Apt.
- Oven: Double
- Range: Countertop
- Range: Gas
- Range/Oven: Free Stdng.
- Theater Room
Exterior
- Balcony
- Bay Box Windows
- Double Pane Windows
- Entry (Foyer)
- Lighting
Lot features
- Curb & Gutter
- Fenced: Part
- Road: Paved
- Sidewalks
- Sprinkler: Auto-Full
- View: Lake
- View: Mountain
- View: Valley
View
- Lake
- Mountain(s)
- Valley
Utilities
- Natural Gas Connected
- Electricity Connected
- Sewer Connected
- Sewer: Public
- Water Connected
Schools
Assigned schools as reported to the MLS by the listing agent. Boundaries change; confirm enrollment with the district. · Alpine
Similar homes nearby
Listing courtesy of Fair Fee Realty / Nathan Allen Hunter. Based on information from UtahRealEstate.com as of 10/29/2026 9:13 PM. 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.