Question 1

What is the asking price for 261 1150, Salem?

Accepted Answer

261 1150, Salem is listed at $769,900 ($184/sqft). The original list price was $800,000, representing a reduction of $30,100. Current status: Closed.

Question 2

How many bedrooms and bathrooms does 261 1150, Salem have?

Accepted Answer

This Residential features 5 bedrooms, 3 bathrooms, 4,188 square feet of living space. It is a 3-story home. The lot is 0.33 acres.

Question 3

When was 261 1150, 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 261 1150, Salem?

Accepted Answer

261 1150, Salem is a Residential (Single Family Residence). The architectural style is Stories: 2. It is located in the MOONLIGHT VILLAGE subdivision. Zoning: Single-Family.

Question 5

Does 261 1150, Salem have a garage or parking?

Accepted Answer

Yes, this property includes a 3-car garage and 3 open parking spaces. Total parking capacity: 6 vehicles.

Question 6

Is there an HOA for 261 1150, Salem?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $76 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

What are the key features of 261 1150, Salem?

Accepted Answer

Interior features include: Bath: Primary, Bath: Sep. Tub/Shower, Disposal, Great Room, Range: Gas. Exterior features include: Double Pane Windows.

Question 8

How long has 261 1150, Salem been on the market?

Accepted Answer

This property has been listed for 143 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 9

What schools serve 261 1150, Salem?

Accepted Answer

Assigned schools: Elementary: River View; Middle: Spanish Fork Jr; High: Spanish Fork. 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 (1.1 miles away). School district: Nebo.

Question 10

How does this listing compare to the Salem market?

Accepted Answer

261 1150, Salem is listed at $769,900, which is above the Salem median of $600,000 by $169,900. 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 11

How does this price compare to the Utah state average?

Accepted Answer

At $769,900, this property is above the Utah state median of $510,000 by $259,900. 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 12

What heating and cooling systems does 261 1150, Salem have?

Accepted Answer

Heating: Forced Air,Gas: Central,>= 95% efficiency. 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 13

What type of roof does 261 1150, 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 14

Does 261 1150, Salem have a basement?

Accepted Answer

Yes, the basement is described as: 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 15

What is 261 1150, Salem constructed from?

Accepted Answer

Construction materials include: Asphalt,Stone,Stucco,Cement Siding. Stone construction provides exceptional durability and a premium aesthetic.

Question 16

What type of flooring does 261 1150, Salem have?

Accepted Answer

Flooring types include: Carpet,Tile.  Tile flooring is durable and ideal for high-traffic areas and bathrooms. Carpeted areas provide warmth and comfort, especially in bedrooms.

Question 17

What are the water and sewer connections for 261 1150, Salem?

Accepted Answer

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

Question 18

What would homeowner's insurance cost for 261 1150, 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 $769,900, expect approximately $2,310-$3,850/year ($193-$321/month).   Get multiple quotes — rates vary significantly by insurer.

Question 19

What are the estimated closing costs for 261 1150, Salem?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $769,900, expect approximately $15,398-$38,495 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 20

Is 261 1150, Salem eligible for FHA or VA financing?

Accepted Answer

At $769,900, 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 21

Could 261 1150, Salem be a 1031 exchange property?

Accepted Answer

Yes, 261 1150, 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 22

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 23

What school district is 261 1150, Salem in?

Accepted Answer

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

Question 24

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 25

Is 261 1150, Salem move-in ready?

Accepted Answer

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

Question 26

Does 261 1150, Salem come with a home warranty?

Accepted Answer

No home warranty is currently included with this property. Buyers can request a home warranty as part of the purchase negotiation — they typically cost $400-$700/year and cover major systems and appliances. This is especially valuable for older homes.

Question 27

What is the lot like at 261 1150, Salem?

Accepted Answer

The lot is 0.33 acres. Lot features: Curb & Gutter,Road: Paved. Terrain: Curb & Gutter, Road: Paved.   Lot characteristics affect usability, privacy, and future improvement potential.

Question 28

What utilities are available at 261 1150, Salem?

Accepted Answer

Available utilities include: Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected. Water source: Culinary. 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 29

Does 261 1150, Salem have natural gas?

Accepted Answer

Yes, this property has natural gas service — the heating system is listed as: Forced Air,Gas: Central,>= 95% efficiency. 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.

261 1150, Salem, UT 84653

261 E 1150 N #72, Salem, UT 84653

About This Property

Features & Amenities

Property Info

Financial

Structure & Systems

Parking

Schools

All Property Details

Salem Market Context

Crime & Safety

Location

Similar Homes

$799,900

$799,900

$849,900

$745,000

$769,900

Find Your Dream Home

Frequently Asked Questions

Discover