Cul-de-Sac Single-Family
For Sale
$315,000
Pending
1863 Terrace Dr, Orem, UT 84097
Single-family residential lot in a private cul-de-sac with an affordable senior housing overlay allowing up to four small units.
Property SizeContact for details
Lot Size0.23 Acres
Days on Market103
Property Features for 1863 Terrace Dr
General Information
Standard status
Pending
Lot size
0.23 Acres
Property subtype
Land
Zoning
single family residence
Taxes and HOA fees
Annual Taxes
$1,819
Listing Agency:
ONX REALTY LLC
(801) 882-3300
Listed By:
Summer Luke · License #8258234
(801) 882-3300
Source:
Exprealty
Added: May 2
Changed: Aug 8
Last Checked: Aug 8 at 3:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ONX REALTY LLC
Investment Insights
Based on property information with market context.
This is a .23-acre residential lot in Orem, located on a private cul-de-sac. The property is zoned for single-family residential use with an ASH (affordable senior housing) overlay. Under the ASH overlay, the site allows for up to four units between 500 and 900 square feet. The lot can be used for a personal residence, or it may support a multi-unit senior housing concept consistent with the stated overlay requirements.
The lot is positioned to balance privacy with convenience, described as tucked away in the cul-de-sac while still close to amenities. Additional land is also referenced nearby, with a .29-acre lot next to this one available as well, which may be of interest to buyers considering an expansion of site area.
For buyers evaluating either owner-occupancy or a small-unit development approach, the key consideration here is the combination of single-family zoning and the ASH overlay that permits up to four compact units within the specified size range. Prospective buyers should confirm development plans and unit configurations based on the overlay parameters and any requirements that apply at the time of application.
The lot is positioned to balance privacy with convenience, described as tucked away in the cul-de-sac while still close to amenities. Additional land is also referenced nearby, with a .29-acre lot next to this one available as well, which may be of interest to buyers considering an expansion of site area.
For buyers evaluating either owner-occupancy or a small-unit development approach, the key consideration here is the combination of single-family zoning and the ASH overlay that permits up to four compact units within the specified size range. Prospective buyers should confirm development plans and unit configurations based on the overlay parameters and any requirements that apply at the time of application.
Key Highlights
- .23‑acre single‑family residential lot in a private cul‑de‑sac in Orem with mountain views
- Zoned single family residence with an ASH (affordable senior housing) overlay
- ASH overlay allows up to 4 units between 500 and 900 SF
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
886
Businesses Nearby
Explore this area
Business Placement
Demographics for 84097, UT
23,038
Population
7,237
Households
3.2
Avg Household Size
30
Median Age
50%
College-Educated
98%
High-School Grad
6.0 sq mi
ZIP Area
3,840
Density / Sq Mi
$97,034
Median Household Income
$34,536
Median Earnings
$1,414
Median Rent
$506,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Single-family residential lot in a private cul-de-sac with an affordable senior housing overlay allowing up to four small units.
Where is this residential land & home lot located?
The property is located at 1863 Terrace Dr Orem, UT.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: .23‑acre single‑family residential lot in a private cul‑de‑sac in Orem with mountain views; Zoned single family residence with an ASH (affordable senior housing) overlay; ASH overlay allows up to 4 units between 500 and 900 SF
