Question 1

What is the asking price for 262 1150, Salem?

Accepted Answer

262 1150, Salem is listed at $3,487,500.  This listing is currently active and available for showings.

Question 2

What type of property is 262 1150, Salem?

Accepted Answer

262 1150, Salem is a Land (Residential).  It is located in the MOONLIGHT VILLAGE subdivision. Zoning: Single-Family.

Question 3

Is there an HOA for 262 1150, Salem?

Accepted Answer

Yes, this property is part of a homeowners association. HOA fees are $75 monthly. HOA fees typically cover shared amenities, landscaping, and community maintenance.

Question 4

How long has 262 1150, Salem been on the market?

Accepted Answer

This property has been listed for 30 days. The average days on market in Salem is 94 days, meaning this listing is moving faster than the local average.

Question 5

What schools serve 262 1150, 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 (1.1 miles away). School district: Nebo.

Question 6

What high school is near 262 1150, 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 7

What elementary school is near 262 1150, Salem?

Accepted Answer

The nearest elementary school is Salem (2.8 miles away). State performance score: 59%. District: American Preparatory Academy. Propaired provides full school ratings and comparison data for all schools in this area.

Question 8

What middle school is near 262 1150, Salem?

Accepted Answer

The nearest middle school is Salem Jr.

Question 9

How does this listing compare to the Salem market?

Accepted Answer

262 1150, Salem is listed at $3,487,500, which is above the Salem median of $600,000 by $2,887,500. 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 10

What is the Salem real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Salem is $600,000. There are currently 158 active listings. Homes sell in an average of 94 days. The average sale-to-list ratio is 100.8%. This listing at $3,487,500 is above the Salem 2026 median.

Question 11

Are there other homes for sale in Salem?

Accepted Answer

Yes — there are currently 158 active listings in Salem. Browse all Salem homes for sale at propaired.ai/listings/ut/salem. Prices range around a median of $600,000. Homes in Salem are selling in about 94 days on average.

Question 12

How does this price compare to the Utah state average?

Accepted Answer

At $3,487,500, this property is above the Utah state median of $510,000 by $2,977,500. 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 would homeowner's insurance cost for 262 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 $3,487,500, expect approximately $10,463-$17,438/year ($872-$1,453/month).   Get multiple quotes — rates vary significantly by insurer.

Question 14

What are the estimated closing costs for 262 1150, Salem?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $3,487,500, expect approximately $69,750-$174,375 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 15

Is 262 1150, Salem eligible for FHA or VA financing?

Accepted Answer

At $3,487,500, 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 16

Could 262 1150, Salem be a 1031 exchange property?

Accepted Answer

Yes, 262 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 17

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 18

What school district is 262 1150, 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 19

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 20

Is 262 1150, Salem move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 21

Does 262 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 22

What is the lot like at 262 1150, Salem?

Accepted Answer

The lot is 13.72 acres. Lot features: Cul-De-Sac,View: Mountain.    Lot characteristics affect usability, privacy, and future improvement potential.

Question 23

What utilities are available at 262 1150, 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.

262 1150, Salem, UT 84653

262 E 1150 N, Salem, UT 84653

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