Is Orem a buyer's or seller's market?

Orem is currently a seller's market, based on recent for-sale activity.

What's the median sale price in Orem?

The median sale price in Orem is $496K. That is down $11.33K from the prior month.

What are the closest schools to 516 S 560 E?

The closest schools to 516 S 560 E in Orem, UT are Centennial Elementary (Pre-K, rated 7/10), Lakeridge Jr High School (rated 7/10), Orem High School (rated 5/10).

Does 516 S 560 E have laundry facilities?

Yes, 516 S 560 E in Orem, UT has laundry facilities.

OFF MARKET

$465,200

Tax assessed value

3 Beds
1 Bath
1,100 sqft

516 S 560 E, Orem, UT 84097

Sharon

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.

Address	Distance	Property Type	Sold Price	Sold Date	Bed	Bath	Sqft
1445 S 640 E, Orem, UT	1.17	Apartment	-	10/31/25	2	1	1,024
1700 S Sandhill Rd #303, Orem, UT	2.03	Apartment	-	10/15/25	2	1	905
930 W 965th St N #311, Orem, UT	2.71	Apartment	-	08/04/26	3	2	1,442
75 E 200 N #106, Provo, UT	3.74	Apartment	-	01/21/26	2	2	1,200
1336 N 1230 W, Orem, UT	3.28	Apartment	-	01/23/26	3	2	1,065
25 S 850 E #6, Provo, UT	4.26	Apartment	-	07/23/26	2	2	1,250
136 E 400 N #107, Provo, UT	3.64	Apartment	-	01/14/26	2	2	803
746 N 260 W #MM102, Vineyard, UT	4.42	Apartment	-	12/19/25	3	2	1,272
1084 S 1000 E #13, Provo, UT	5.19	Apartment	-	10/02/25	3	2	1,401
1141 E 1320 S #401, Provo, UT	5.50	Apartment	-	10/03/25	2	1	850

Home facts updated by county records

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.

Address	Distance	Price	Bed	Bath	Sqft	Status
543 S 560 E, Orem, UT 84097	0.05	$450,000	2	1	1,734	For Sale
619 E 445 S, Orem, UT 84097	0.13	$515,000	5	2.5	2,028	For Sale
491 E 450 S, Orem, UT 84097	0.12	$1,075,000	6	4	5,205	For Sale
463 E 500 S, Orem, UT 84097	0.10	$550,000	5	3	2,698	For Sale
556 S 450 E, Orem, UT 84097	0.14	$515,000	4	2	2,336	For Sale
309 S 400 E, Orem, UT 84097	0.30	$470,000	4	2	2,000	For Sale
276 N 680 E, Orem, UT 84058	0.37	$403,500	4	2.5	1,894	Off Market
121 S Inglewood Dr E, Orem, UT 84097	0.50	$525,000	5	2.5	2,576	For Sale
67 S 470 E, Orem, UT 84097	0.56	$460,000	4	1.5	1,908	For Sale
125 E Hanover Dr, Orem, UT 84058	0.57	$349,900	3	1.5	1,188	For Sale
972 S 550 E, Orem, UT 84097	0.58	$589,000	5	3	2,496	For Sale
544 S Carterville Rd, Orem, UT 84097	0.63	$1,000,000	6	3.5	4,884	For Sale

Local Information

Map ViewExplore the area around 516 S 560 E.
Schools1 Preschool School1 Elementary School1 Middle School1 High School
Shop & Eat

-- mins to

Commute Destination

Home Highlights

Apartment

Built in 1956

1,100 sqft

Garage

About this House

3 bedroom basement apartment in home. Newly finished. Master bedroom has attached walk-in closet and office area. All new appliances in kitchen. Shared laundry room with washer and dryer. 5 large windows. Separate heating system (owner pays utilities). Heater, electricity, water, and sewer paid by home owner. Satisfactory references required. Grade school and high school nearby. Fenced back yard, with covered patio, usage privileges.

Caregiver support 15 minutes per week to elderly owners required.

516 S 560 E, Orem, UT 84097 is a 3 bedroom, 1 bathroom, 1,100 sqft apartment in Sharon, built in 1956. More recently, it was listed as a rental in April 2021 with an asking price of $1,050 per month. That rental listing was removed on April 18, 2021. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate rent is $1,491/month.

Home Details for 516 S 560 E

Interior Features
Interior Details BasementNumber of Rooms: 5
Heating & Cooling Heating: Forced AirHeating Fuel: Forced Air
Levels, Entrance, & Accessibility Stories: 1
Fireplace & Spa Fireplace

Exterior Features
Exterior Home Features Roof: Shake ShingleDeckExterior: Stone
Parking & Garage GarageParking: Off Street, Garage

Property Information
Year Built Year Built: 1956Year Updated: 1979
Property Type / Style Property Type: ApartmentArchitecture: ranch

Community
Units in Building: 1

Lot Information
Lot Area: 10454 sqft

Additional Information
On Site Laundry Available

Price and Tax history

Date	Event	Price
Apr 18, 2021 Source: Zillow Rental Manager	ListingRemoved
Apr 15, 2021 Source: Zillow Rental Manager	Listed For Rent	$1,050

Year	Property tax	Tax assessment
2025	$2,038	$465,200

Additional Cost

Market trends in Orem

Last updated August 2026

Avg. sale price

$496K

$11.33KMoM

Sale-to-List Price

99.7%

0.3%MoM

Price per sq ft

$240

$0MoM

Available listings

247

13MoM

Around this home

Centennial Elementary
PK-6
Public
761 Students
Alpine District
7/10
GreatSchools Rating
Parent Rating Average
No reviews available for this school.

View nearby schools on GreatSchools

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Sharon

6 Homes For You
Buy: $450k - $1.08m

See Local Highlights

Neighborhood stats provided by third party data sources.

What Locals Say about Sharon

Trulia User
Resident
4y ago
"Beat area in Utah county - we have lived here for five years now and really enjoy the area and proximity to shopping Brigham Young University and Utah Valley University "
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Trulia User
Visitor
4y ago
"it is a well, safe environment for children. kids can wonder off in confidence. easy transportation and schooling is available."
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Calvin B.
Resident
5y ago
"It is a good mix of older established homes that are now being updated by new move ins. People often remodel or add on just to stay in this neighborhood. It is not an old neighborhood and also not a new subdivision. The shade trees line the road and people go for walks and say hello."
1
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LGBTQ Local Legal Protections

Frequently asked questions about 516 S 560 E

Is Orem a buyer's or seller's market?
Orem is currently a seller's market, based on recent for-sale activity.
What's the median sale price in Orem?
The median sale price in Orem is $496K. That is down $11.33K from the prior month.
What are the closest schools to 516 S 560 E?
The closest schools to 516 S 560 E in Orem, UT are Centennial Elementary (Pre-K, rated 7/10), Lakeridge Jr High School (rated 7/10), Orem High School (rated 5/10).
Does 516 S 560 E have laundry facilities?
Yes, 516 S 560 E in Orem, UT has laundry facilities.