Question 1

What is the asking price for 1342 140, Salem?

Accepted Answer

1342 140, Salem is listed at $449,900.  Current status: Pending.

Question 2

What type of property is 1342 140, Salem?

Accepted Answer

1342 140, Salem is a Land (Residential).  It is located in the SELMAN RIDGE subdivision. Zoning: Single-Family.

Question 3

Is there an HOA for 1342 140, Salem?

Accepted Answer

No, this property is not part of a homeowners association, which means no monthly HOA fees. Homeowners maintain full control over their property without HOA restrictions or assessments.

Question 4

What are the property taxes for 1342 140, Salem?

Accepted Answer

Annual property taxes for this property are approximately $3,000 (about $250/month). This represents an effective tax rate of approximately 0.67% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 5

How long has 1342 140, Salem been on the market?

Accepted Answer

This property has been listed for 61 days. The average days on market in Salem is 72 days, meaning this listing is moving faster than the local average. Extended time on market may present negotiation opportunities for buyers.

Question 6

What schools serve 1342 140, Salem?

Accepted Answer

Assigned schools: Elementary: Mt Loafer; Middle: Salem Jr; High: Salem Hills.   School district: Nebo.

Question 7

What high school is near 1342 140, Salem?

Accepted Answer

The nearest high school is Salem Hills. View the full school profile on Propaired for test scores, enrollment, and student-to-teacher ratios.

Question 8

What elementary school is near 1342 140, Salem?

Accepted Answer

The nearest elementary school is Mt Loafer. Propaired provides full school ratings and comparison data for all schools in this area.

Question 9

What middle school is near 1342 140, Salem?

Accepted Answer

The nearest middle school is Salem Jr.

Question 10

How does this listing compare to the Salem market?

Accepted Answer

1342 140, Salem is listed at $449,900, which is below the Salem median of $542,000 by $92,100. There are currently 172 active listings in Salem. Homes in Salem sell in an average of 72 days. The average sale-to-list ratio is 99.9%.

Question 11

What is the Salem real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Salem is $542,000. There are currently 172 active listings. Homes sell in an average of 72 days. The average sale-to-list ratio is 99.9%. This listing at $449,900 is below the Salem 2026 median.

Question 12

Are there other homes for sale in Salem?

Accepted Answer

Yes — there are currently 172 active listings in Salem. Browse all Salem homes for sale at propaired.ai/listings/ut/salem. Prices range around a median of $542,000. Homes in Salem are selling in about 72 days on average.

Question 13

How does this price compare to the Utah state average?

Accepted Answer

At $449,900, this property is below the Utah state median of $525,000 by $75,100. Salem prices are 3% 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 14

What would homeowner's insurance cost for 1342 140, 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 $449,900, expect approximately $1,350-$2,250/year ($113-$188/month).   Get multiple quotes — rates vary significantly by insurer.

Question 15

What are the estimated closing costs for 1342 140, Salem?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $449,900, expect approximately $8,998-$22,495 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 16

How does the property tax compare to the list price at 1342 140, Salem?

Accepted Answer

The annual property tax of $3,000 represents an effective rate of 0.67% relative to the list price of $449,900. 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 17

Is 1342 140, Salem eligible for FHA or VA financing?

Accepted Answer

At $449,900, this property is likely within FHA loan limits for most Utah counties. VA loans have no price cap but require VA eligibility.    Consult a mortgage lender for personalized eligibility.

Question 18

Could 1342 140, Salem be a 1031 exchange property?

Accepted Answer

Yes, 1342 140, 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 19

What is the price trend in Salem?

Accepted Answer

Salem's median price has decreased 1.1% month-over-month. Current median: $542,000. Days on market have decreased by 18.3% month-over-month. Homes are selling at 99.9% of list price on average. Monitor these trends to time your offer strategically.

Question 20

What school district is 1342 140, Salem in?

Accepted Answer

This property is in the Nebo school district. Assigned elementary: Mt Loafer. 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 21

Is 1342 140, Salem move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 22

Does 1342 140, 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 23

What is the lot like at 1342 140, Salem?

Accepted Answer

The lot is 0.89 acres. Lot features: Cul-De-Sac,Terrain: Grad Slope,View: Lake,View: Mountain,View: Valley. Terrain: Terrain: Grad Slope. Views: Valley.  Lot characteristics affect usability, privacy, and future improvement potential.

Question 24

What utilities are available at 1342 140, Salem?

Accepted Answer

Available utilities include: Gas: Stubbed,Power: Stubbed,Sewer: Stubbed.   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.

1342 140, Salem, UT 84653

1342 S 140 E, Salem, UT 84653

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