Question 1

What is the asking price for 313 1040, Salem?

Accepted Answer

313 1040, Salem is listed at $759,900 ($184/sqft).  Current status: Closed.

Question 2

How many bedrooms and bathrooms does 313 1040, Salem have?

Accepted Answer

This Residential features 4 bedrooms, 3 bathrooms, 4,138 square feet of living space. It is a 3-story home. The lot is 0.25 acres.

Question 3

When was 313 1040, 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 313 1040, Salem?

Accepted Answer

313 1040, Salem is a Residential (Single Family Residence). The architectural style is Stories: 2. It is located in the BROAD HOLLOW subdivision. Zoning: Single-Family.

Question 5

Does 313 1040, 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 313 1040, 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 7

What are the key features of 313 1040, Salem?

Accepted Answer

Interior features include: Bath: Primary, Bath: Sep. Tub/Shower, Closet: Walk-In, Den/Office, Disposal. Exterior features include: Double Pane Windows. The home has 1 fireplace.

Question 8

How long has 313 1040, Salem been on the market?

Accepted Answer

This property has been listed for 146 days. The average days on market in Salem is 84 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 313 1040, Salem?

Accepted Answer

Assigned schools: Elementary: Spring Lake; Middle: Spanish Fork Jr; High: Spanish Fork. There are 6 schools within 3 miles of this property. The highest-rated nearby school is Springville High with a 59% state performance score (1.1 miles away). School district: Nebo.

Question 10

What high school is near 313 1040, Salem?

Accepted Answer

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

Question 11

What elementary school is near 313 1040, Salem?

Accepted Answer

The nearest elementary school is Spring Lake (0.2 miles away). State performance score: 55%. District: Nebo District. Propaired provides full school ratings and comparison data for all schools in this area.

Question 12

What middle school is near 313 1040, Salem?

Accepted Answer

The nearest middle school is Spanish Fork Jr.

Question 13

How good are the schools near 313 1040, Salem?

Accepted Answer

Of the 6 schools within 3 miles, 6 have state performance data with an average score of 56%.  School quality is a key factor in home values — properties near top-rated schools typically command a 5-10% premium. Visit each school's detail page on Propaired for full performance breakdowns.

Question 14

How does this listing compare to the Salem market?

Accepted Answer

313 1040, Salem is listed at $759,900, which is above the Salem median of $579,000 by $180,900. There are currently 153 active listings in Salem. Homes in Salem sell in an average of 84 days. The average sale-to-list ratio is 100.1%.

Question 15

What is the Salem real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Salem is $579,000. There are currently 153 active listings. Homes sell in an average of 84 days. The average sale-to-list ratio is 100.1%. This listing at $759,900 is above the Salem 2026 median.

Question 16

Are there other homes for sale in Salem?

Accepted Answer

Yes — there are currently 153 active listings in Salem. Browse all Salem homes for sale at propaired.ai/listings/ut/salem. Prices range around a median of $579,000. Homes in Salem are selling in about 84 days on average.

Question 17

How does this price compare to the Utah state average?

Accepted Answer

At $759,900, this property is above the Utah state median of $517,990 by $241,910. Salem prices are 12% 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 18

What heating and cooling systems does 313 1040, 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 19

What type of roof does 313 1040, 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 20

Does 313 1040, 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 21

What is 313 1040, Salem constructed from?

Accepted Answer

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

Question 22

What type of flooring does 313 1040, Salem have?

Accepted Answer

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

Question 23

What are the water and sewer connections for 313 1040, Salem?

Accepted Answer

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

Question 24

What would homeowner's insurance cost for 313 1040, 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 $759,900, expect approximately $2,280-$3,800/year ($190-$317/month).   Get multiple quotes — rates vary significantly by insurer.

Question 25

What are the estimated closing costs for 313 1040, Salem?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $759,900, expect approximately $15,198-$37,995 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 26

Is 313 1040, Salem eligible for FHA or VA financing?

Accepted Answer

At $759,900, 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 27

Could 313 1040, Salem be a 1031 exchange property?

Accepted Answer

Yes, 313 1040, 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 28

What is the price trend in Salem?

Accepted Answer

Salem's median price has increased 46.4% month-over-month. Current median: $579,000. Days on market have increased by 31.7% month-over-month. Homes are selling at 100.1% of list price on average. Monitor these trends to time your offer strategically.

Question 29

What school district is 313 1040, Salem in?

Accepted Answer

This property is in the Nebo school district. Assigned elementary: Spring Lake. 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 30

How do nearby schools rank statewide?

Accepted Answer

Of the 6 nearby schools with state rankings, the highest-ranked is Reagan Academy at #152 statewide (56% performance score). Other ranked nearby schools include Hobble Creek School (#244) and Art City School (#282). Utah has approximately 1,000+ public schools, so a top-200 ranking indicates a strong-performing school.

Question 31

Is 313 1040, Salem move-in ready?

Accepted Answer

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

Question 32

Does 313 1040, 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 33

What is the lot like at 313 1040, Salem?

Accepted Answer

The lot is 0.25 acres. Lot features: Curb & Gutter,Road: Paved. Terrain: Curb & Gutter, Road: Paved.   Lot characteristics affect usability, privacy, and future improvement potential.

Question 34

What utilities are available at 313 1040, 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 35

Does 313 1040, 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.

313 1040, Salem, UT 84653

313 N 1040 E #23, Salem, UT 84653

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