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502 S 1040 E #138, American Fork, UT 84003

Homes for sale in American Fork ·Neighborhood: MT TIMP VILLAGE

$289,900
-$6.0k

Originally listed at $325,000

MLS #2160825

Beds
2
Baths
1.5
Sq Ft
1,057
Lot
0.02 ac
Built
2007
Has view Private pool Spa / hot tub Central A/C

About this home

This home for sale at 502 S 1040 E #138 American Fork, UT 84003 has been listed at $289,900 and has been on the market for 158 days.

Full description

Don't miss this one. Priced below what it appraised for. Are you looking for a place you can lock and leave while you travel, or an easy 55+ home that's simple to manage? This is the one. Welcome to this beautifully updated 2-bedroom, 1-bath condo in a highly desirable 55+ community in the heart of American Fork. This is truly one of the nicest units in the community, with a thoughtfully updated kitchen and bathrooms featuring beautiful finishes throughout. The layout is comfortable and functional with spacious bedrooms and easy main-level living, perfect for low-maintenance living. Enjoy access to a clubhouse, indoor pool, exercise room, library, and inviting common areas to gather and connect. Located close to shopping, dining, and everyday conveniences, this community offers a great balance of ease and accessibility.

Property details

Property Type
Residential
Sub-type
Condominium
Status
Active
Days on Market
158
Bedrooms
2
Bathrooms
1.5
Year Built
2007
Effective Year
2007
Stories
1
Living Area
1,057 sq ft
Lot Size
0.02 acres
Price/sqft
$274.27
Parking Total
1
Pool
Yes
Spa
Yes
County
Utah
Subdivision
MT TIMP VILLAGE
Zoning
Single-Family
HOA Fee
$397.00/mo
Tax Annual
$1,277
Preferred Financing
Cash, Conventional, FHA, VA Loan
Parcel #
46-736-0138
MLS Area
Am Fork; Hlnd; Lehi; Saratog.
Listed By
KW WESTFIELD

Inclusions

  • Dryer
  • Microwave
  • Washer

Interior features

  • Bath: Primary
  • Disposal
  • Kitchen: Updated
  • Range/Oven: Free Stdng.
  • Granite Countertops

Exterior features

  • Bay Box Windows
  • Double Pane Windows
  • Lighting

Building, systems & basement

Roof
Asphalt
Construction
Asphalt, Stone, Stucco
Flooring
Carpet, Tile
Heating
Forced Air
Cooling
Central Air
Basement
None
Appliances
Dryer, Microwave, Washer

Garage & parking

Parking total
1
Covered spaces
1
  • Covered

Pool & spa

  • Heated
  • In Ground
  • Indoor

HOA dues include

  • Cable TV
  • Insurance
  • Maintenance Grounds
  • Sewer
  • Trash
  • Water

Land description

  • Road: Paved
  • Sidewalks
  • View: Mountain

Utilities

  • Natural Gas Connected
  • Electricity Connected
  • Sewer Connected
  • Water Connected

Additional features

View
  • Mountain(s)
Window features
  • Plantation Shutters
Sewer
  • Sewer: Connected
Water source
  • Culinary
Current use
  • Residential

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Location

Location of 502 S 1040 E #138

American Fork, UT · approximate location

Schools

Elementary
Barratt
Alpine
Middle/Jr
American Fork
Alpine
High
American Fork
Alpine

Neighborhood

Located in MT TIMP VILLAGE, American Fork.

Walk · Transit · Bike

Walk Score

Most errands require a car. Some transit available. It's convenient to use a bike for a few trips.

Price History

10/6/2026
$289,900 $274/sqft
-$6,000
-2.0%
8/25/2026
$295,900 $280/sqft
-$29,100
-9.0%
5/28/2026
$325,000 $307/sqft
Listed
—
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$
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Advanced options
%

Utah County primary residence — already accounts for 55% exemption.

$
$

From listing: $397.00 Monthly.

Estimated monthly payment
  • Principal & interest
  • Property tax
  • Home insurance
  • HOA fees
Loan amount
Total interest paid
Total amount paid
Get pre-approved with our preferred lender

Tyler Slesk is our preferred mortgage lender — not your real estate agent. Reach out for rates, pre-approval, or affordability questions.

TS Tyler Slesk, Branch Manager at Radiant Mortgage
Radiant Mortgage
Tyler Slesk
Branch Manager
NMLS: #1485075

"10+ years helping Utah families achieve homeownership"

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Listed by: Susy Clyde · KW WESTFIELD. 801-850-5600.

Source: UtahRealEstate.com. Information deemed reliable but not guaranteed. All measurements and calculations of area should be independently verified.

Based on information from UtahRealEstate.com as of Nov 1, 2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Publisher's notice: All real estate advertised herein is subject to the Federal Fair Housing Act and Utah Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, family status, or national origin.

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American Fork market context

How this property sits against recent sales in the area.

This listing: $289,900 — 37.5% below the median sale price.

American Fork market — Residential

What homes are doing.

Latest data through October 2026.

Full report →

Median sale price

$463,700

-3.8% year over year

Median days on market

39

+8 days year over year

Sale-to-list ratio

98.0%

-1.69pp year over year

Homes sold in October

30

-10 year over year

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