Question 1

What is the asking price for 1062 1020 W LOT, Salem?

Accepted Answer

1062 1020 W LOT, Salem is listed at $550,000 ($232/sqft). The original list price was $599,514, representing a reduction of $49,514. Current status: Closed.

Question 2

How many bedrooms and bathrooms does 1062 1020 W LOT, Salem have?

Accepted Answer

This Residential features 4 bedrooms, 3 bathrooms, 2,370 square feet of living space. It is a 2-story home. The lot is 0.14 acres.

Question 3

When was 1062 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 1062 1020 W LOT, Salem?

Accepted Answer

1062 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 1062 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 1062 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 1062 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 0.69% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 1062 1020 W LOT, Salem?

Accepted Answer

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

Question 9

How long has 1062 1020 W LOT, Salem been on the market?

Accepted Answer

This property has been listed for 108 days. The average days on market in Salem is 78 days, meaning this listing is taking longer than the local average. Extended time on market may present negotiation opportunities for buyers.

Question 10

What schools serve 1062 1020 W LOT, Salem?

Accepted Answer

Assigned schools: Elementary: Rees; 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 (1.3 miles away). School district: Nebo.

Question 11

What high school is near 1062 1020 W LOT, 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 12

What elementary school is near 1062 1020 W LOT, Salem?

Accepted Answer

The nearest elementary school is Rees (2.4 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 13

What middle school is near 1062 1020 W LOT, Salem?

Accepted Answer

The nearest middle school is Salem Jr.

Question 14

How does this listing compare to the Salem market?

Accepted Answer

1062 1020 W LOT, Salem is listed at $550,000, which is above the Salem median of $544,000 by $6,000. There are currently 164 active listings in Salem. Homes in Salem sell in an average of 78 days. The average sale-to-list ratio is 100.0%.

Question 15

What is the Salem real estate market like in 2026?

Accepted Answer

In 2026, the median home price in Salem is $544,000. There are currently 164 active listings. Homes sell in an average of 78 days. The average sale-to-list ratio is 100.0%. This listing at $550,000 is above the Salem 2026 median.

Question 16

Are there other homes for sale in Salem?

Accepted Answer

Yes — there are currently 164 active listings in Salem. Browse all Salem homes for sale at propaired.ai/listings/ut/salem. Prices range around a median of $544,000. Homes in Salem are selling in about 78 days on average.

Question 17

How does this price compare to the Utah state average?

Accepted Answer

At $550,000, this property is above the Utah state median of $525,000 by $25,000. Salem prices are 4% 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 1062 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 19

What type of roof does 1062 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 20

Does 1062 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 21

What is 1062 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 22

What type of flooring does 1062 1020 W LOT, Salem have?

Accepted Answer

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

Question 23

What are the water and sewer connections for 1062 1020 W LOT, 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 1062 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 $550,000, expect approximately $1,650-$2,750/year ($138-$229/month).   Get multiple quotes — rates vary significantly by insurer.

Question 25

What are the estimated closing costs for 1062 1020 W LOT, Salem?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $550,000, expect approximately $11,000-$27,500 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

How does the property tax compare to the list price at 1062 1020 W LOT, Salem?

Accepted Answer

The annual property tax of $3,800 represents an effective rate of 0.69% relative to the list price of $550,000. 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 27

Is 1062 1020 W LOT, Salem eligible for FHA or VA financing?

Accepted Answer

At $550,000, 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 28

Could 1062 1020 W LOT, Salem be a 1031 exchange property?

Accepted Answer

Yes, 1062 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 29

What is the price trend in Salem?

Accepted Answer

Salem's median price has decreased 2.0% month-over-month. Current median: $544,000. Days on market have decreased by 54.1% month-over-month. Homes are selling at 100.0% of list price on average. Monitor these trends to time your offer strategically.

Question 30

What school district is 1062 1020 W LOT, Salem in?

Accepted Answer

This property is in the Nebo school district. Assigned elementary: Rees. 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 31

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 32

Is 1062 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 33

Does 1062 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 34

What is the lot like at 1062 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 35

What utilities are available at 1062 1020 W LOT, 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.

1062 1020 W LOT, Salem, UT 84653

1062 N 1020 W LOT #2, Salem, UT 84653

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