Question 1

What is the asking price for 531 720 N LOT #2, Salem?

Accepted Answer

531 720 N LOT #2, Salem is listed at $639,218 ($187/sqft). The original list price was $688,218, representing a reduction of $49,000. Current status: Expired.

Question 2

How many bedrooms and bathrooms does 531 720 N LOT #2, Salem have?

Accepted Answer

This Residential features 4 bedrooms, 3 bathrooms, 3,411 square feet of living space. It is a 3-story home. The lot is 0.14 acres.

Question 3

When was 531 720 N LOT #2, Salem built?

Accepted Answer

This property was built in 2025, making it 1 years old. As a newer construction, it likely features modern building codes, energy-efficient systems, and contemporary finishes.

Question 4

What type of property is 531 720 N LOT #2, Salem?

Accepted Answer

531 720 N LOT #2, Salem is a Residential (Single Family Residence). The architectural style is Stories: 2. It is located in the SALEM FIELDS subdivision. Zoning: Single-Family.

Question 5

Does 531 720 N LOT #2, Salem have a garage or parking?

Accepted Answer

Yes, this property includes a 2-car garage. Total parking capacity: 2 vehicles.

Question 6

Is there an HOA for 531 720 N LOT #2, Salem?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $10 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

What are the property taxes for 531 720 N LOT #2, Salem?

Accepted Answer

Annual property taxes for this property are approximately $4,082 (about $340/month). This represents an effective tax rate of approximately 0.64% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 531 720 N LOT #2, Salem?

Accepted Answer

Interior features include: Bath: Primary, Bath: Sep. Tub/Shower, Closet: Walk-In, Disposal, Range: Gas. Exterior features include: Basement Entrance, Double Pane Windows, Patio: Covered, Porch: Open, Sliding Glass Doors.    View: Mountain(s).

Question 9

How long has 531 720 N LOT #2, Salem been on the market?

Accepted Answer

This property has been listed for 149 days. The average days on market in Salem is 94 days, meaning this listing is taking longer than the local average. Extended time on market may present negotiation opportunities for buyers.

Question 10

What schools serve 531 720 N LOT #2, Salem?

Accepted Answer

Assigned schools: Elementary: Salem; Middle: Salem Jr; High: Salem Hills. There are 2 schools within 3 miles of this property. The highest-rated nearby school is Salem Hills High with a 63% state performance score (0.9 miles away). School district: Nebo.

Question 11

How does this listing compare to the Salem market?

Accepted Answer

531 720 N LOT #2, Salem is listed at $639,218, which is above the Salem median of $600,000 by $39,218. There are currently 158 active listings in Salem. Homes in Salem sell in an average of 94 days. The average sale-to-list ratio is 100.8%.

Question 12

How does this price compare to the Utah state average?

Accepted Answer

At $639,218, this property is above the Utah state median of $510,000 by $129,218. Salem prices are 18% above the state average. Utah's housing market varies significantly by region — front-range cities near SLC are typically more expensive than rural areas.

Question 13

What heating and cooling systems does 531 720 N LOT #2, Salem have?

Accepted Answer

Heating: Forced Air,Gas: Central. Cooling: Central Air. Modern HVAC systems typically last 15-20 years with proper maintenance. Utah's climate ranges from sub-zero winters to 100°F+ summers, making reliable heating and cooling essential.

Question 14

What type of roof does 531 720 N LOT #2, Salem have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 1-year-old home, reviewing recent roof inspections is recommended.

Question 15

Does 531 720 N LOT #2, Salem have a basement?

Accepted Answer

Yes, the basement is described as: Entrance,Full. Basements in Utah are common and add versatile living or storage space. Check for any signs of moisture or foundation issues during the home inspection.

Question 16

What is 531 720 N LOT #2, Salem constructed from?

Accepted Answer

Construction materials include: Stucco,Cement Siding. The construction type affects long-term maintenance requirements and insurance costs.

Question 17

What type of flooring does 531 720 N LOT #2, Salem have?

Accepted Answer

Flooring types include: Carpet,Laminate.   Carpeted areas provide warmth and comfort, especially in bedrooms.

Question 18

What are the water and sewer connections for 531 720 N LOT #2, Salem?

Accepted Answer

Sewer: Sewer: Connected.   Water is a critical consideration in Utah's arid climate.

Question 19

What would homeowner's insurance cost for 531 720 N LOT #2, Salem?

Accepted Answer

Homeowner's insurance in Utah typically ranges from 0.3% to 0.5% of the home's value annually. For a home listed at $639,218, expect approximately $1,918-$3,196/year ($160-$266/month).   Get multiple quotes — rates vary significantly by insurer.

Question 20

What are the estimated closing costs for 531 720 N LOT #2, Salem?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $639,218, expect approximately $12,784-$31,961 in closing costs. This includes title insurance, escrow fees, lender fees, recording fees, and prepaid items (insurance, taxes). Buyers should also budget for a home inspection ($300-$500), appraisal ($400-$600), and any lender-required reserves.

Question 21

How does the property tax compare to the list price at 531 720 N LOT #2, Salem?

Accepted Answer

The annual property tax of $4,082 represents an effective rate of 0.64% relative to the list price of $639,218. This is near the Utah average effective rate of approximately 0.58%. Property taxes in Utah are assessed by the county and can change when the property is sold.

Question 22

Is 531 720 N LOT #2, Salem eligible for FHA or VA financing?

Accepted Answer

At $639,218, this property may exceed standard FHA loan limits and could require a conventional or jumbo loan. VA loans have no price cap but require VA eligibility.    Consult a mortgage lender for personalized eligibility.

Question 23

Could 531 720 N LOT #2, Salem be a 1031 exchange property?

Accepted Answer

Yes, 531 720 N LOT #2, Salem could potentially qualify for a 1031 like-kind exchange if used as an investment or business property. A 1031 exchange allows deferral of capital gains taxes by reinvesting proceeds from one investment property into another. Key requirements include identifying a replacement property within 45 days and closing within 180 days. The property must be held for investment purposes — personal residences do not qualify. Consult a qualified intermediary and tax advisor for specific guidance.

Question 24

What is the price trend in Salem?

Accepted Answer

Salem's median price has decreased 29.3% month-over-month. Current median: $600,000. Days on market have increased by 189.1% month-over-month. Homes are selling at 100.8% of list price on average. Monitor these trends to time your offer strategically.

Question 25

What school district is 531 720 N LOT #2, Salem in?

Accepted Answer

This property is in the Nebo school district. Assigned elementary: Salem. Assigned middle: Salem Jr. Assigned high: Salem Hills. School district boundaries can affect property values by 5-15%. Contact the district directly to confirm current enrollment boundaries, as they may change.

Question 26

How do nearby schools rank statewide?

Accepted Answer

Of the 2 nearby schools with state rankings, the highest-ranked is American Preparatory Academy - Salem at #190 statewide (59% performance score). Other ranked nearby schools include Salem Hills High (#256). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 27

Is 531 720 N LOT #2, Salem move-in ready?

Accepted Answer

As new construction, this home is expected to be move-in ready with modern finishes and warranties.

Question 28

Does 531 720 N LOT #2, Salem come with a home warranty?

Accepted Answer

Yes, a home warranty is included with this property. Home warranties typically cover major systems (HVAC, plumbing, electrical) and appliances for one year, providing peace of mind for buyers. Review the warranty terms to understand coverage limits and deductibles.

Question 29

What is the lot like at 531 720 N LOT #2, Salem?

Accepted Answer

The lot is 0.14 acres. Lot features: Road: Paved,Sidewalks,Sprinkler: Auto-Part,View: Mountain. Terrain: Road: Paved, Sidewalks, Sprinkler: Auto-Part, View: Mountain. Views: Mountain(s).  Lot characteristics affect usability, privacy, and future improvement potential.

Question 30

What utilities are available at 531 720 N LOT #2, Salem?

Accepted Answer

Available utilities include: Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected.  Sewer: Sewer: Connected. Utility costs in Utah vary by season — expect higher heating bills in winter and cooling costs in summer. Contact local utility providers for average monthly cost estimates for this address.

Question 31

Does 531 720 N LOT #2, Salem have natural gas?

Accepted Answer

Yes, this property has natural gas service — the heating system is listed as: Forced Air,Gas: Central. Natural gas is the most common and cost-effective heating fuel in Utah, typically 30-50% less expensive than electric heating. The cooling system (Central Air) operates separately. Natural gas availability also supports gas ranges, water heaters, and fireplaces.

531 720 N LOT #2, Salem, UT 84653

531 E 720 N LOT #2, Salem, UT 84653

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