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$450,000
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Property Description
Welcome Home! Whether you are looking for a delightful house that you can transform into your very own home complete with basement mother-in-law apartment or a reliable source of generating rental income to assist with the financial dynamics of ownership. Or perhaps you're investment minded and looking to generate lasting wealth by curating this profitable investment asset complete with immense value and untapped potential to launch or fortify your growing portfolio. located less than 5 minutes away from the BYU Campus providing a virtual unending supply of potential tenants. No matter if You, or Your Tenants are looking to live in a warm and inviting home environment indoors, or taking in a private moment to kick the ball, throw the frisbee, play with the dog, or even immerse yourself in the tranquility of creativity by taking time to paint or throw pottery in the Art Shed nestled within the confines of the secluded back yard. Then when it's time to get out for an evening on the town you or your tenants are only 3 minutes away from the vibrant culture of Downtown Provo replete with numerous restaurants to satisfy any taste and numerous activities that are sure to invigorate the mind. With all the foregoing it is easy to see that this property is amply prepared to provide memories to last a lifetime. If this is the type of environment you are looking for personally or are hoping to provide for your valued tenants then you are hereby invited to consider taking the opportunity to make this ideal residence your very own.. As far as the facts go this property has boasted a solid history of quality tenants. Main Floor Tenants have vacated due to not knowing if the Buyer would be an Investor or an Owner Occupied Buyer. However Rent rate was $1800. Basement tenant just renewed Lease on a Month-to-Month Basis at $1,000.00 a month and would like to secured a long term lease if the new owner will allow, but the month-to-month arrangement ensures that if having a basement tenant is not needed/wanted, notice can be given and tenant would be moved out likely by close of escrow. This property has been pre-inspected by one of the very best Home Inspectors in the entire State of Utah to ensure that this property is in excellent condition, free of any surprises, which report will gladly be shared with any valid accepted offer with a desire to help any ready willing and able buyer make a more informed decision in the purchasing process. What is more, the roof has recently been replaced, and the owner has continued to invest in considerable improvements in the property which are detailed in the supplementary paperwork. Main level is vacant. Kindly provide 24 hour notice prior to any showing requests for the basement. However, don't let that stop you from reaching out to arrange an easy, convenient and private showing today. All information herein is deemed reliable but is not guaranteed. Buyer is therefore responsible to verify all listing information, including square footage/acreage, to Buyer's own satisfaction.
Full Property Details
Full Property Details for 245 S 500 E
General
- Price: $450,000
- Taxes: $2,487
- Status: Active
- Type: Single Family
- Source: WFR
- MLS ID: 2125688
- Updated: 4/18/2026
- Added to Site: 148 day(s) ago
Interior
- Interior Features: Kitchen: Second, Mother-in-Law Apt., Range/Oven: Free Stdng.
- Fireplace: Yes
- Number of Fireplaces: 1
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
- Primary Bedroom: Floor: 1st
Exterior
- Exterior Features: Basement Entrance, Patio: Covered
- Porch/Patio/Deck: Covered
Parking
- Carports: Yes
- Carport Spaces: 1
- Covered Spaces: 1
- Total Spaces: 3
- Parking Features: Covered, Rv Parking
Location
- Area: Provo; Mamth; Springville
- County: Utah
- Subdivision: NONE
- Cross Streets: 500
School Information
- Elem School District: Provo
- Midd School District: Provo
- High School District: Provo
- Elementary School: Provo Peaks
- Middle School: Centennial
- High School: Provo
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
Utilities
- Sewer: Sewer: Connected, Sewer: Public
- Water: Culinary
- Utility Description: Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected
Structural Information
- Architectural Style: Rambler/Ranch
- Basement Desc.: Partial
- Roof: Asphalt
- Windows: Drapes, Part
- Stories/Levels: 2
- Square Feet: 1,840
- Living Area: 1,840 Sq. Ft.
- Current Bldg. Use: Single Family
- Year Built: 1924
- Property Condition: Blt./Standing
Lot Features
- Property View: Mountain(s)
- Lot Size (Acres): 0.19
- Lot Size (Sq. Ft.): 8,276.4
- Lot Size: .19
- Landscape: Fruit Trees, Landscaping: Full, Vegetable Garden
- Topography: Curb & Gutter, Fenced: Full, Sidewalks, Sprinkler: Manual-Part, Terrain, Flat, View: Mountain
- Lot Features: Curb & Gutter, Fenced: Full, Sidewalks, Sprinkler: Manual-Part, View: Mountain
- Trees/Vegetation: Fruit Trees, Landscaping: Full, Vegetable Garden
- Zoning: RES
Financial Considerations
- Tax Amount: $2,487
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Property ID: 05-052-0027
Listed by Berkshire Hathaway HomeServices Elite Real Estate
Get Pre-Approved Today
Schools
Schools serving 245 S 500 E
School District:Provo School District
| Name | Grades | Distance |
|---|---|---|
Provo Peaks School 665 East Center Street, Provo, UT 84606 | K-6 | 0.3 mi |
Centennial Middle School 305 East 2320 North, Provo, UT 84604 | 7-8 | 2.4 mi |
Timpview High School 3570 N 650 E, Provo, UT 84604 | 9-12 | 3.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 245 S 500 E
Date
Details
Price
Change
Source
4/18/2026
Price Reduced
$450,000
-1.1%
MLS
4/06/2026
Price Reduced
$455,000
-2.15%
MLS
4/04/2026
Price Reduced
$465,000
-2.11%
MLS
3/24/2026
Price Reduced
$475,000
-1.04%
MLS
3/11/2026
Price Reduced
$480,000
-1.03%
MLS
3/05/2026
Price Reduced
$485,000
-1.02%
MLS
2/26/2026
Price Reduced
$490,000
-1.01%
MLS
2/19/2026
Price Reduced
$495,000
-1%
MLS
2/09/2026
Price Reduced
$500,000
-0.6%
MLS
1/31/2026
Price Reduced
$503,000
-0.3%
MLS
1/27/2026
Price Reduced
$504,500
-0.3%
MLS
1/20/2026
Price Reduced
$506,000
-0.3%
MLS
1/12/2026
Price Reduced
$507,500
-0.29%
MLS
1/07/2026
Price Reduced
$509,000
-0.29%
MLS
1/01/2026
Price Reduced
$510,500
-0.29%
MLS
12/29/2025
Price Reduced
$512,000
-0.29%
MLS
12/23/2025
Price Reduced
$513,500
-0.29%
MLS
12/05/2025
Listed
$515,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 245 S 500 E
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,487
-3%
$451,400
84%
2023
$2,566
—
$245,025
-2%
2023
$2,566
44%
$248,985
-18%
2021
$1,784
-26%
$304,500
29%
2022
$2,410
35%
$235,840
-14%
2021
$1,784
—
$275,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 245 S 500 E
245 S 500 E, Provo, UT 84606 (MLS# 2125688) is a Single Family property with 3 bedrooms and 2 full bathrooms. 245 S 500 E is currently listed for $450,000 and was received on December 05, 2025. Want to learn more about 245 S 500 E? Do you have questions about finding other Single Family real estate for sale in Provo? You can browse all Provo real estate or contact a Coldwell Banker agent to request more information.

