September Buyer’s Guide: Top 5 starter home deals in Utah County

Top 5 deals for a starter home, Utah County September 2022:

By AJ Griffin, Realtor, 435-619-3465, ERA Brokers, GreatWesternUtah.com

AJ only earns money from seller commissions so buyers can reap the benefits of being represented by a licensed expert to help them understand every step of the way. Please don’t hesitate to ask any questions, you won’t get a bill from us!

#1: Summit Ridge Townhomes, Santaquin, UT Asking price: $339,000

DR Horton, America’s #1 home builder is building some beautiful brand new townhomes in an up and coming part of south Utah County at a great price. Summit Ridge in Santaquin has excellent freeway access, is situated across the street from a recently completed park and sits just minutes from Santaquin Canyon recreation area. Shopping and business including grocery has been announced in the area. This area is set for some excellent appreciation.  These 2-car garage townhomes start at 339k and come with a huge lending rate buy down, a contribution towards closing costs and are recently lowered from 386k earlier this summer. Summit ridge community is right next to a huge new city park and the HOA features a pool and pickleball courts.

5% down Mortgage payment with builder incentive= ~$2000 monthly

20% down Mortgage payment with builder incentive= =~$1500 monthly

Listing, description and more pictures:

https://www.utahrealestate.com/1813664?st_id=175749892&actor=4019269

Please note all mortgage payment estimates are subject to fluctuating interest rates and personal credit rating.

#2: 170 N 1000 W Provo, UT Asking Price $399,000

This lovely (and legal) duplex in Provo is sure to be a cash cow that will become your future rental property and first addition to your portfolio when you upgrade. The seller reports rent levels at $1200 per unit making it one of the most affordable ways to get into your first home. Househacking (renting out part of your home, allowing you to more quickly expand your real estate portfolio) will help you live below market rent and bring in your first passive rental income.

5% down Mortgage payment= ~$2400 mortgage – basement rental income($1200) = $1200

20% down Mortgage payment= =~$1925 mortgage – basement rental income($1200) =$725

Listing, description and more pictures:

https://www.utahrealestate.com/1813106?st_id=175730717&actor=4019269

Please note all mortgage payment estimates are subject to fluctuating interest rates and personal credit rating.

#3: 5198 University Ave, Provo, UT

Asking Price: $370,000