337 N 700 E, Provo, UT 84606

3 beds, 1 bath, 987 sqft
Sold
Sold on 10/11/12
Zestimate®: $205,706
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Legal Triplex. Rents come in at $2200 monthly, so it's one of the highest cap rates (10%) anywhere in Provo. Being only 5 blocks from BYU and 2 blocks from two seperate parks, this is an awesome property. Provo City legally zoned this as a triplex but it is actually a duplex and a single family home on one large .20 acre lot!. The duplex has a 3/1 with a W/D upstairs and a 2/1 downstairs also with a W/D. The SFH is a 1/1 with hook-ups.
There is also a 3000-4000 sqft (guesstimate) barn/shed in back that could be used as a large garage. I've rented a portion out as a shop, another portion for storage and gifted use of the upstairs to the local ward for gathering spot. A great property. Take advantage and cash flow 1k per month. An excellent rental property.  MoreLess
 
Facts
  • Lot: 8,712 sqft
  • Single Family
  • Built in 1945
  • Cooling: Central
  • Heating: Forced air
  • Last sold: Oct 2012
Features
  • Barbecue
  • Cable Ready
  • Ceiling Fan
  • Deck
  • Fenced Yard
  • Finished basement, 997 sqft
  • Flooring: Carpet
  • Lawn
  • Parking: Garage - Detached, Off street, 2 spaces, 1056 sqft
  • Patio
  • Porch
  • Storage
  • Transportation
  • View: Mountain
Appliances Included
  • Dishwasher
  • Dryer
  • Range / Oven
  • Refrigerator
  • Washer
Room Types
  • Dining room
  • Family room
Construction
  • Construction quality: 6.0
  • Exterior material: Brick
  • Roof type: Asphalt
  • Room count: 17
  • # Stories: 2.0
  • Structure type: Ranch
  • Unit count: 3
Other
  • Floor size: 987 sqft
  • Heating: Gas
  • Last remodel year: 1980
  • Laundry: In Unit
  • Parcel #: 440140011
  • Zillow Home ID: 11930260
Home Values
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$205,706
+$10,606 Last 30 daysd
$195K
$216K
Zestimate range
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A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$1,052/mo
+$20 Last 30 daysd
$610
$1.5K
Zestimate range
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Owner estimate:
Posted on 02/29/2012
This Zestimate is calculated as if this were a single family home. Since this is a triplex it is way too low. That becomes obvious when you compare the Rent Zestimate ($1288) with the actual rents recieved ($2200) and notice that it's almost 50% too low.

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Neighborhood for 337 N 700 E

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Zillow predicts 84606 home values will fall 1.9% next year, compared to a 1.4% decrease for Provo as a whole.

Foreclosures will be a factor impacting home values in the next several years. In 84606, the number of foreclosures waiting to be sold is 16.7% lower than in Provo, and 41.6% lower than the national average. This lower local number could help 84606 home values rise more quickly than other regions in Provo.

Learn more about forecast calculations or 84606 home values.
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    Contact a local agent

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    Are you an agent looking for more exposure for yourself or your listings? Call Zillow at 866-324-4005

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