Question 1

What is the asking price for 373 1040, Salem?

Accepted Answer

373 1040, Salem is listed at $789,900 ($196/sqft).  This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 373 1040, Salem have?

Accepted Answer

This Residential features 5 bedrooms, 3 bathrooms, 4,033 square feet of living space. It is a 3-story home. The lot is 0.24 acres.

Question 3

When was 373 1040, Salem built?

Accepted Answer

This property was built in 2026, making it 0 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 373 1040, Salem?

Accepted Answer

373 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 373 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 373 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 373 1040, Salem?

Accepted Answer

Interior features include: Bath: Primary, Closet: Walk-In, Den/Office, Disposal, Great Room.

Question 8

Is 373 1040, Salem a good deal?

Accepted Answer

Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 45/100. Key deal signals: 4.1% year-over-year market appreciation; 110% LT gross rent coverage of monthly ownership cost.  This analysis considers price relative to comparables, days on market, price reductions, and market conditions.

Question 9

What would the monthly mortgage payment be for 373 1040, Salem?

Accepted Answer

At the current 30-year mortgage rate of 6.36% with 20% down, the estimated monthly principal and interest payment is $3,936. Including estimated taxes, the total monthly cost is approximately $3,936. A 15-year mortgage at 5.71% would be $5,234/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 10

How long has 373 1040, Salem been on the market?

Accepted Answer

This property has been listed for 0 days. The average days on market in Salem is 84 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 11

Is 373 1040, Salem a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $65,841 with a gross rental yield of 8.3%. Net rental yield (after estimated expenses): 5.4%.  Estimated debt service coverage ratio (DSCR): 1.23. Investor score: 52/100. These are estimates based on area comparables.

Question 12

What is the estimated rental income for 373 1040, Salem?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $5,487 ($65,844/year). The gross rent multiplier is 12.0x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 13

What lifestyle features does 373 1040, Salem offer?

Accepted Answer

Propaired's AI has identified 1 lifestyle feature for this property: New Construction. The primary lifestyle niche is "new_construction." These tags are derived from MLS data, property features, and location analysis.

Question 14

Is 373 1040, Salem new construction?

Accepted Answer

Yes, this is a new construction property built in 2026. New construction in Utah typically includes modern energy codes, current building standards, builder warranties, and contemporary finishes.  Review the builder warranty terms and any remaining items on the builder punch list.

Question 15

What recreation is near 373 1040, Salem?

Accepted Answer

This property has a recreation score of 53/100. Nearby recreation includes: Red Lake trailhead (7.5 mi); Downtown Ball Field park (0.7 mi); Gladstan Golf Course (3.5 mi); Utah Lake State Park (12.9 mi). Skiing: Sundance Resort (22.2 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 16

Are there hiking trails near 373 1040, Salem?

Accepted Answer

Yes, the nearest trailhead is Red Lake, just 7.5 miles from the property. Utah Lake State Park is 12.9 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 17

What amenities and services are near 373 1040, Salem?

Accepted Answer

This property has an amenity proximity score of 74/100. Nearby services include: Grocery: Dollar General (4.2 mi); Hospital: University Place (4.5 mi); Pharmacy: Macey's Spanish Fork (4.4 mi); Dining: Subway (6.7 mi). Gas station: 1.6 miles. Gym: HOTWORX - Spanish Fork, UT (4.4 mi).

Question 18

How far is the nearest hospital from 373 1040, Salem?

Accepted Answer

The nearest hospital is University Place, approximately 4.5 miles from the property. The nearest fire station is 0.9 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 19

What schools serve 373 1040, Salem?

Accepted Answer

Assigned schools: Elementary: None/Other; Middle: None/Other; High: None/Other. 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).

Question 20

What high school is near 373 1040, Salem?

Accepted Answer

The nearest high school is None/Other. View the full school profile on Propaired for test scores, enrollment, and student-to-teacher ratios.

Question 21

What elementary school is near 373 1040, Salem?

Accepted Answer

The nearest elementary school is None/Other (2.6 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 22

What middle school is near 373 1040, Salem?

Accepted Answer

The nearest middle school is None/Other.

Question 23

What is the internet speed at 373 1040, Salem?

Accepted Answer

This property has a broadband score of 100/100 (Excellent). Best available speed: 10000 Mbps download / 10000 Mbps upload. Fiber internet is available at this address. Available providers: AT&T (25 Mbps, Fixed Wireless); CentraCom (75 Mbps, Fixed Wireless); CenturyLink (10 Mbps, DSL). Total providers: 12.

Question 24

Is 373 1040, Salem in a flood zone?

Accepted Answer

This property is classified as low. FEMA flood zone: X (AREA OF MINIMAL FLOOD HAZARD). Flood insurance is not typically required but may be recommended.  Always verify current FEMA maps as they are periodically updated.

Question 25

How does this listing compare to the Salem market?

Accepted Answer

373 1040, Salem is listed at $789,900, which is above the Salem median of $579,000 by $210,900. 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 26

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 $789,900 is above the Salem 2026 median.

Question 27

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 28

How does this price compare to the Utah state average?

Accepted Answer

At $789,900, this property is above the Utah state median of $517,990 by $271,910. 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 29

What is the Propaired intelligence score for 373 1040, Salem?

Accepted Answer

This property has a Propaired intelligence score of 45/100, combining deal value (45), recreation access (53), amenity proximity (74), broadband quality (100), and lifestyle features (1 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 30

What heating and cooling systems does 373 1040, Salem have?

Accepted Answer

Heating: Forced Air,Gas: Central,>= 95% efficiency. 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 31

What type of roof does 373 1040, Salem have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 0-year-old home, reviewing recent roof inspections is recommended.

Question 32

Does 373 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 33

What is 373 1040, Salem constructed from?

Accepted Answer

Construction materials include: Asphalt,Stucco,Cement Siding. The construction type affects long-term maintenance requirements and insurance costs.

Question 34

What type of flooring does 373 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 35

What are the water and sewer connections for 373 1040, Salem?

Accepted Answer

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

Question 36

What shopping and dining is near 373 1040, Salem?

Accepted Answer

The nearest restaurant is Subway (6.7 miles away) and the nearest grocery store is Dollar General (4.2 miles). Coffee: The Coffee Stop in Salem (1.6 mi). Banking: LendNation (4.3 mi). Overall amenity proximity score: 74/100.

Question 37

What would homeowner's insurance cost for 373 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 $789,900, expect approximately $2,370-$3,950/year ($198-$329/month).   Get multiple quotes — rates vary significantly by insurer.

Question 38

What are the estimated closing costs for 373 1040, Salem?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $789,900, expect approximately $15,798-$39,495 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 39

What are the total estimated monthly costs for 373 1040, Salem?

Accepted Answer

Estimated total monthly housing cost: $4,199. This includes principal & interest ($3,936 at 6.36% with 20% down), and estimated insurance (~$263/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 40

Is 373 1040, Salem eligible for FHA or VA financing?

Accepted Answer

At $789,900, 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 41

What is the estimated cap rate for 373 1040, Salem?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 5.4%, based on estimated annual rent of $65,841 and a purchase price of $789,900. A cap rate of 4-6% is typical for residential properties in growing Utah markets.

Question 42

Is Salem a good rental market?

Accepted Answer

Estimated monthly rent in Salem is approximately $4,356. Homes in Salem sell in an average of 84 days, indicating moderate demand in this market. There are 153 active listings currently. Gross rental yield in this area: 8.3%. Utah's steady population growth continues to drive rental demand.

Question 43

Could 373 1040, Salem be a 1031 exchange property?

Accepted Answer

Yes, 373 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 44

Is the Salem neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 4.1% over the past year. The current Zillow Home Value Index for this area is $563,701. This listing is priced at 140% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 45

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 46

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 47

What parks are near 373 1040, Salem?

Accepted Answer

The nearest local park is Downtown Ball Field (0.7 miles away). The nearest state park is Utah Lake State Park (12.9 miles).  Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 48

Is there a golf course near 373 1040, Salem?

Accepted Answer

The nearest golf course is Gladstan Golf Course, 3.5 miles from the property. Utah has over 80 golf courses statewide with a season running from March through November in most areas.

Question 49

What water activities are near 373 1040, Salem?

Accepted Answer

Water recreation near this property includes: Utah Lake (12.7 mi); boat ramp at Swedes Lane (8.5 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 50

Is 373 1040, Salem move-in ready?

Accepted Answer

As new construction, this home is expected to be move-in ready with modern finishes and warranties. A professional home inspection is always recommended before purchase to identify any needed repairs.

Question 51

Does 373 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 52

What is the lot like at 373 1040, Salem?

Accepted Answer

The lot is 0.24 acres. Lot features: Curb & Gutter,Road: Paved. Terrain: Curb & Gutter, Road: Paved.   Lot characteristics affect usability, privacy, and future improvement potential.

Question 53

What utilities are available at 373 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 54

Does 373 1040, Salem have natural gas?

Accepted Answer

Yes, this property has natural gas service — the heating system is listed as: Forced Air,Gas: Central,>= 95% efficiency. 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.

Question 55

Is there EV charging near 373 1040, Salem?

Accepted Answer

The nearest EV charging station is Electrify America Charging Station, approximately 4.5 miles from the property. With a 3-car garage, installing a home Level 2 EV charger is straightforward — most installations cost $500-$2,000 including the charger. Utah offers a growing EV charging network along major corridors and in urban centers. Convenient public charging is available nearby for supplemental needs.

373 1040, Salem, UT 84653

373 N 1040 E #5, Salem, UT 84653

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Amenities NearbyScore: 74/100

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