Riverton Homes under $500,000

Riverton Homes under $500,000

Welcome to Riverton, Utah – a charming city nestled in the heart of Salt Lake County that perfectly balances suburban tranquility with urban convenience. Known for its stunning mountain views, Riverton offers a warm community spirit and a plethora of outdoor activities, making it an ideal place for families, professionals, and retirees alike. With its close proximity to Salt Lake City, residents enjoy easy access to a vibrant cultural scene, shopping, dining, and recreational opportunities, all while living in a serene environment.

One of the most appealing aspects of Riverton is its diverse housing market, particularly for those seeking homes under $500,000. This makes it a fantastic option for first-time homebuyers or anyone looking to invest in a growing community. The real estate options here range from charming single-family homes to modern townhouses, ensuring there’s something for everyone. Many of these homes feature spacious yards, updated interiors, and family-friendly layouts, perfect for creating lasting memories.

Riverton is also known for its excellent schools, parks, and recreational facilities, making it a haven for families. With community events and activities throughout the year, residents can easily connect with their neighbors and build lasting friendships.

If you’re looking to settle down in a welcoming community that offers both affordability and quality of life, Riverton is the place to be. Explore the homes available under $500,000 and discover the perfect fit for your lifestyle in this beautiful Utah city!

Newest Riverton Homes under $500,000

12666 S Gilbert Cir, Riverton
$474,900
3 Beds ⋅ 2 Baths ⋅ 2181159 MLS
RARE RIVERTON FIXER WITH BASEMENT ADU POTENTIAL + RENOVATION FINANCING AVAILABLE! This 2,688 SF rambler features 1,344 SF on the main level plus a full 1,344 SF basement, creating an incredible opportunity to renovate, build equity, and potentially create a spacious basement ADU or mother-in-law apartment. The basement is currently approximately 50% finished, giving the next owner a head start toward additional bedrooms, living space, kitchen, laundry, and a separate living arrangement, subject to Riverton City approval and applicable permits. DON'T HAVE THE CASH TO COMPLETE THE RENOVATION? Ask about FHA 203(k) renovation financing. Seller has connected with an experienced renovation lender who can help qualified buyers explore an FHA 203(k) loan, which may allow eligible renovation costs to be financed directly into the mortgage. Even better, with an acceptable offer, Seller is willing to contribute up to $10,000 toward buyer's allowable closing costs, subject to lender and program guidelines. That can mean less cash needed at closing while the renovation financing helps transform the property into the finished home you envision. Buyer is not required to use Seller's preferred lender. Imagine renovating the main level and potentially converting the 1,344 SF basement into an income-producing ADU - live upstairs while rental income downstairs may help offset your monthly housing expense. Or create a private space for family, guests, or multi-generational living. Situated on approximately 0.27 acres on a quiet cul-de-sac in Oquirrh Estates, this is a true value-add property with substantial upside for an owner-occupant, investor, or buyer willing to put in the work. BONUS OPPORTUNITY: The adjoining vacant Lot 102 may also be purchased separately, providing additional possibilities for a builder, investor, or buyer wanting a larger overall property. Professionally prepared civil and subdivision plans are available. Bring your contractor and your vision - this is an opportunity to buy the house, finance eligible improvements, potentially create rental income, and build equity all in one project. Buyer to verify ADU eligibility, renovation financing, permits, zoning, rental use, and all intended uses with Riverton City and buyer's lender.

12666 S Gilbert Cir, Riverton

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