Question 1

What is the asking price for 1074 1020 W LOT, Salem?

Accepted Answer

1074 1020 W LOT, Salem is listed at $529,910 ($242/sqft). The original list price was $601,910, representing a reduction of $72,000. Current status: Pending.

Question 2

How many bedrooms and bathrooms does 1074 1020 W LOT, Salem have?

Accepted Answer

This Residential features 4 bedrooms, 3 bathrooms, 2,191 square feet of living space. It is a 2-story home. The lot is 0.14 acres.

Question 3

When was 1074 1020 W LOT, 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 1074 1020 W LOT, Salem?

Accepted Answer

1074 1020 W LOT, Salem is a Residential (Single Family Residence). The architectural style is Stories: 2. It is located in the ARROWHEAD SPRINGS subdivision. Zoning: Single-Family.

Question 5

Does 1074 1020 W LOT, 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 1074 1020 W LOT, Salem?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $30 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 7

What are the property taxes for 1074 1020 W LOT, Salem?

Accepted Answer

Annual property taxes for this property are approximately $3,800 (about $317/month). This represents an effective tax rate of approximately 0.72% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 1074 1020 W LOT, Salem?

Accepted Answer

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

Question 9

Is 1074 1020 W LOT, Salem a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 26/100. Key deal signals: 3.5% year-over-year market appreciation; 12% price reduction from original list; 104 days on market — potential negotiation opportunity. The price is 0% above similar homes in the area. This analysis considers price relative to comparables, days on market, price reductions, and market conditions.

Question 10

How does this price compare to similar homes in Salem?

Accepted Answer

The median price for similar properties in the area is $529,990 (based on 7 homes). At $529,910, this listing is right at the median for comparable homes. It ranks #Fair Price among similar listings by value.

Question 11

Has the price been reduced on 1074 1020 W LOT, Salem?

Accepted Answer

Yes, the price has been reduced by 12.0% from the original list price of $601,910 to the current price of $529,910 — a reduction of $72,000. Price reductions can indicate seller motivation or market adjustment.

Question 12

What would the monthly mortgage payment be for 1074 1020 W LOT, Salem?

Accepted Answer

At the current 30-year mortgage rate of 6.11% with 20% down, the estimated monthly principal and interest payment is $2,572. Including estimated taxes and HOA fees, the total monthly cost is approximately $2,919. A 15-year mortgage at 5.50% would be $3,464/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 13

How long has 1074 1020 W LOT, 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 14

Is 1074 1020 W LOT, Salem near skiing?

Accepted Answer

This property is within reach of skiing. Sundance Resort is 21.9 miles away. Utah's world-class resorts offer 500+ inches of annual snowfall and "The Greatest Snow on Earth."

Question 15

What recreation is near 1074 1020 W LOT, Salem?

Accepted Answer

This property has a recreation score of 46/100. Nearby recreation includes: Devin Glen trailhead (8.0 mi); Heritage Park park (1.4 mi); Gladstan Golf Course (4.0 mi); Utah Lake State Park (11.3 mi); Capitol Reef NP — Cathedral Valley (116.7 mi). Skiing: Sundance Resort (21.9 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 16

Are there hiking trails near 1074 1020 W LOT, Salem?

Accepted Answer

Yes, the nearest trailhead is Devin Glen, just 8.0 miles from the property. Utah Lake State Park is 11.3 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 17

What schools serve 1074 1020 W LOT, Salem?

Accepted Answer

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

Question 18

How does this listing compare to the Salem market?

Accepted Answer

1074 1020 W LOT, Salem is listed at $529,910, which is below the Salem median of $600,000 by $70,090. 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 19

How does this price compare to the Utah state average?

Accepted Answer

At $529,910, this property is above the Utah state median of $510,000 by $19,910. 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 20

What is the Propaired intelligence score for 1074 1020 W LOT, Salem?

Accepted Answer

This property has a Propaired intelligence score of 20/100, combining deal value (26), recreation access (46), amenity proximity (N/A), broadband quality (N/A), and lifestyle features (0 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 21

What heating and cooling systems does 1074 1020 W LOT, Salem have?

Accepted Answer

Heating: Forced Air. 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 22

What type of roof does 1074 1020 W LOT, 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 23

Does 1074 1020 W LOT, Salem have a basement?

Accepted Answer

Yes, the basement is described as: Slab. 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 24

What is 1074 1020 W LOT, Salem constructed from?

Accepted Answer

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

Question 25

What type of flooring does 1074 1020 W LOT, Salem have?

Accepted Answer

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

Question 26

What are the water and sewer connections for 1074 1020 W LOT, Salem?

Accepted Answer

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

Question 27

What would homeowner's insurance cost for 1074 1020 W LOT, 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 $529,910, expect approximately $1,590-$2,650/year ($133-$221/month).   Get multiple quotes — rates vary significantly by insurer.

Question 28

What are the estimated closing costs for 1074 1020 W LOT, Salem?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $529,910, expect approximately $10,598-$26,496 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 29

How does the property tax compare to the list price at 1074 1020 W LOT, Salem?

Accepted Answer

The annual property tax of $3,800 represents an effective rate of 0.72% relative to the list price of $529,910. 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 30

What are the total estimated monthly costs for 1074 1020 W LOT, Salem?

Accepted Answer

Estimated total monthly housing cost: $3,096. This includes principal & interest ($2,572 at 6.11% with 20% down), property tax ($317/mo), HOA ($30/mo), and estimated insurance (~$177/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 31

Is 1074 1020 W LOT, Salem eligible for FHA or VA financing?

Accepted Answer

At $529,910, 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 32

Could 1074 1020 W LOT, Salem be a 1031 exchange property?

Accepted Answer

Yes, 1074 1020 W LOT, 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 33

How does 1074 1020 W LOT, Salem compare to recently sold homes nearby?

Accepted Answer

Based on 7 comparable properties, the median sold price in this area is $529,990. This listing is right at the comparable median. It ranks Fair Price among similar listings by value.  Comparable analysis is based on similar size, age, and location.

Question 34

Is the Salem neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 3.5% over the past year. The current Zillow Home Value Index for this area is $600,086. This listing is priced at 88% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 35

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 36

Is 1074 1020 W LOT, Salem overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Standard." The asking price is within 5% of the comparable median, indicating market-appropriate pricing. Deal score: 26/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 37

What school district is 1074 1020 W LOT, 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 38

What parks are near 1074 1020 W LOT, Salem?

Accepted Answer

The nearest local park is Heritage Park (1.4 miles away). The nearest state park is Utah Lake State Park (11.3 miles). Nearest national park: Capitol Reef NP — Cathedral Valley (116.7 miles). Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 39

Is there a golf course near 1074 1020 W LOT, Salem?

Accepted Answer

The nearest golf course is Gladstan Golf Course, 4.0 miles from the property. Utah has over 80 golf courses statewide with a season running from March through November in most areas.

Question 40

What water activities are near 1074 1020 W LOT, Salem?

Accepted Answer

Water recreation near this property includes: Utah Lake (11.2 mi); boat ramp at Swedes Lane (7.3 mi); fishing at Provo River (17.9 mi).  Utah offers diverse water recreation from mountain reservoirs to desert lakes. Popular activities include boating, kayaking, paddle boarding, and fishing — a Utah fishing license is required for anglers.

Question 41

Is 1074 1020 W LOT, Salem move-in ready?

Accepted Answer

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

Question 42

Does 1074 1020 W LOT, 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 43

What is the lot like at 1074 1020 W LOT, Salem?

Accepted Answer

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

Question 44

What utilities are available at 1074 1020 W LOT, 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.

1074 1020 W LOT, Salem, UT 84653

1074 N 1020 W LOT #3, Salem, UT 84653

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