Question 1

What is the asking price for 1202 SOUTH 500, Salem?

Accepted Answer

1202 SOUTH 500, Salem is listed at $1,199,000 ($286/sqft).  This listing is currently active and available for showings.

Question 2

How many bedrooms and bathrooms does 1202 SOUTH 500, Salem have?

Accepted Answer

This Residential features 6 bedrooms, 4 bathrooms, 4,192 square feet of living space. It is a 3-story home. The lot is 0.34 acres.

Question 3

When was 1202 SOUTH 500, Salem built?

Accepted Answer

This property was built in 2013, making it 13 years old. Built in the early 2000s, the home benefits from modern construction standards and may have updated systems.

Question 4

What type of property is 1202 SOUTH 500, Salem?

Accepted Answer

1202 SOUTH 500, Salem is a Residential (Single Family Residence). The architectural style is Rambler/Ranch.  Zoning: Single-Family.

Question 5

Does 1202 SOUTH 500, Salem have a garage or parking?

Accepted Answer

Yes, this property includes a 3-car garage and 4 open parking spaces. Total parking capacity: 7 vehicles. The property also accommodates RV parking.

Question 6

Is there an HOA for 1202 SOUTH 500, 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 property taxes for 1202 SOUTH 500, Salem?

Accepted Answer

Annual property taxes for this property are approximately $3,935 (about $328/month). This represents an effective tax rate of approximately 0.33% of the list price. Property taxes in Utah vary by county and are subject to change.

Question 8

What are the key features of 1202 SOUTH 500, Salem?

Accepted Answer

Interior features include: Jetted Tub, Kitchen: Second, Mother-in-Law Apt., Oven: Double, Range: Countertop. Exterior features include: Deck; Covered, Walkout. The home has 3 fireplaces.  Spa/hot tub included. View: Mountain(s),Valley.

Question 9

Is 1202 SOUTH 500, 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: 4.8% year-over-year market appreciation; 101% LT gross rent coverage of monthly ownership cost. The price is 59% 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 $752,100 (based on 10 homes). At $1,199,000, this listing is 59% above the median for comparable homes. It ranks #Premium among similar listings by value.

Question 11

What would the monthly mortgage payment be for 1202 SOUTH 500, Salem?

Accepted Answer

At the current 30-year mortgage rate of 6.43% with 20% down, the estimated monthly principal and interest payment is $6,019. Including estimated taxes, the total monthly cost is approximately $6,347. A 15-year mortgage at 5.79% would be $7,986/month but saves significantly on interest. These are estimates — contact a lender for a personalized quote.

Question 12

How long has 1202 SOUTH 500, Salem been on the market?

Accepted Answer

This property has been listed for 0 days. The average days on market in Salem is 78 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.

Question 13

Is 1202 SOUTH 500, Salem a good investment property?

Accepted Answer

Based on market rental data, this property has an estimated annual rent of $95,857 with a gross rental yield of 8.0%. Net rental yield (after estimated expenses): 5.2%.  Estimated debt service coverage ratio (DSCR): 1.17. Investor score: 55/100. These are estimates based on area comparables.

Question 14

What is the estimated rental income for 1202 SOUTH 500, Salem?

Accepted Answer

Based on area comparables, the estimated monthly rent for this property is $7,988 ($95,856/year). The gross rent multiplier is 12.5x (lower is generally better for investors). Actual rental income will depend on property condition, local demand, and management approach.

Question 15

What lifestyle features does 1202 SOUTH 500, Salem offer?

Accepted Answer

Propaired's AI has identified 3 lifestyle features for this property: ADU/Multigenerational, RV-Friendly, Hot Tub/Spa. The primary lifestyle niche is "vineyard_orchard." These tags are derived from MLS data, property features, and location analysis.

Question 16

What recreation is near 1202 SOUTH 500, Salem?

Accepted Answer

This property has a recreation score of 58/100. Nearby recreation includes: Hobble Creek Parkway trailhead (5.6 mi); Spanish Fork Fairground park (0.6 mi); Spanish Oaks Golf Course (2.8 mi); Utah Lake State Park (11.5 mi). Skiing: Sundance Resort (19.9 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.

Question 17

Are there hiking trails near 1202 SOUTH 500, Salem?

Accepted Answer

Yes, the nearest trailhead is Hobble Creek Parkway, just 5.6 miles from the property. Utah Lake State Park is 11.5 miles away. Utah has over 10,000 miles of hiking trails across its diverse terrain, from desert canyons to alpine meadows.

Question 18

What amenities and services are near 1202 SOUTH 500, Salem?

Accepted Answer

This property has an amenity proximity score of 73/100. Nearby services include: Grocery: Dollar General (1.9 mi); Hospital: University Place (2.1 mi); Pharmacy: Macey's Spanish Fork (2.0 mi); Dining: Subway (4.4 mi). Gas station: 2.7 miles. Gym: HOTWORX - Spanish Fork, UT (2.0 mi).

Question 19

How far is the nearest hospital from 1202 SOUTH 500, Salem?

Accepted Answer

The nearest hospital is University Place, approximately 2.1 miles from the property. The nearest fire station is 3.1 miles away. Proximity to emergency services is an important safety factor for homebuyers.

Question 20

What schools serve 1202 SOUTH 500, Salem?

Accepted Answer

Assigned schools: Elementary: Foothills; High: Salem Hills. There are 1 schools within 3 miles of this property. The highest-rated nearby school is Salem Hills High with a 63% state performance score (2.8 miles away). School district: Nebo.

Question 21

What high school is near 1202 SOUTH 500, 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 22

What elementary school is near 1202 SOUTH 500, Salem?

Accepted Answer

The nearest elementary school is Foothills. Propaired provides full school ratings and comparison data for all schools in this area.

Question 23

What is the internet speed at 1202 SOUTH 500, 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 (1000 Mbps, Fiber). Total providers: 13.

Question 24

Is 1202 SOUTH 500, Salem in a flood zone?

Accepted Answer

This property is classified as moderate. FEMA flood zone: X (0.2 PCT ANNUAL CHANCE 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

1202 SOUTH 500, Salem is listed at $1,199,000, which is above the Salem median of $544,000 by $655,000. 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 26

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 $1,199,000 is above the Salem 2026 median.

Question 27

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 28

How does this price compare to the Utah state average?

Accepted Answer

At $1,199,000, this property is above the Utah state median of $525,000 by $674,000. 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 29

What is the Propaired intelligence score for 1202 SOUTH 500, Salem?

Accepted Answer

This property has a Propaired intelligence score of 55/100, combining deal value (45), recreation access (58), amenity proximity (73), broadband quality (100), and lifestyle features (4 tags). This composite score helps buyers quickly identify properties that match their priorities.

Question 30

What heating and cooling systems does 1202 SOUTH 500, Salem have?

Accepted Answer

Heating: Gas: Central,Wood. Cooling: Central Air,Heat Pump. 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 1202 SOUTH 500, Salem have?

Accepted Answer

The roof material is Asphalt. Asphalt shingles typically last 20-30 years in Utah's climate. With a 13-year-old home, reviewing recent roof inspections is recommended.

Question 32

Does 1202 SOUTH 500, Salem have a basement?

Accepted Answer

Yes, the basement is described as: Entrance,Walk-Out Access. 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 1202 SOUTH 500, Salem constructed from?

Accepted Answer

Construction materials include: Brick,Stone,Cement Siding. Brick construction is durable and low-maintenance, offering excellent insulation and fire resistance.

Question 34

What type of flooring does 1202 SOUTH 500, Salem have?

Accepted Answer

Flooring types include: Hardwood,Tile. Hardwood floors are a premium feature that adds lasting value and can be refinished multiple times. Tile flooring is durable and ideal for high-traffic areas and bathrooms.

Question 35

What are the water and sewer connections for 1202 SOUTH 500, Salem?

Accepted Answer

Water source: Culinary,Irrigation: Pressure. Sewer: Sewer: Public.  Municipal sewer service means no septic maintenance costs. Water is a critical consideration in Utah's arid climate.

Question 36

What shopping and dining is near 1202 SOUTH 500, Salem?

Accepted Answer

The nearest restaurant is Subway (4.4 miles away) and the nearest grocery store is Dollar General (1.9 miles). Coffee: Dutch Bros Coffee (2.0 mi). Banking: Wells Fargo Bank (2.0 mi). Overall amenity proximity score: 73/100.

Question 37

What would homeowner's insurance cost for 1202 SOUTH 500, 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 $1,199,000, expect approximately $3,597-$5,995/year ($300-$500/month).   Get multiple quotes — rates vary significantly by insurer.

Question 38

What are the estimated closing costs for 1202 SOUTH 500, Salem?

Accepted Answer

Closing costs in Utah typically range from 2-5% of the purchase price. For a home at $1,199,000, expect approximately $23,980-$59,950 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

How does the property tax compare to the list price at 1202 SOUTH 500, Salem?

Accepted Answer

The annual property tax of $3,935 represents an effective rate of 0.33% relative to the list price of $1,199,000. This is below the Utah average effective rate of approximately 0.58%, which is favorable for the buyer. Property taxes in Utah are assessed by the county and can change when the property is sold.

Question 40

What are the total estimated monthly costs for 1202 SOUTH 500, Salem?

Accepted Answer

Estimated total monthly housing cost: $6,747. This includes principal & interest ($6,019 at 6.43% with 20% down), property tax ($328/mo), and estimated insurance (~$400/mo). Actual costs will vary based on your down payment, credit score, and insurance quotes.

Question 41

Is 1202 SOUTH 500, Salem eligible for FHA or VA financing?

Accepted Answer

At $1,199,000, 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 42

What is the estimated cap rate for 1202 SOUTH 500, Salem?

Accepted Answer

The estimated cap rate (net rental yield) for this property is 5.2%, based on estimated annual rent of $95,857 and a purchase price of $1,199,000. A cap rate of 4-6% is typical for residential properties in growing Utah markets.

Question 43

Is Salem a good rental market?

Accepted Answer

Estimated monthly rent in Salem is approximately $5,869. Homes in Salem sell in an average of 78 days, indicating moderate demand in this market. There are 164 active listings currently. Gross rental yield in this area: 8.0%. Utah's steady population growth continues to drive rental demand.

Question 44

Could 1202 SOUTH 500, Salem be a 1031 exchange property?

Accepted Answer

Yes, 1202 SOUTH 500, 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 45

How does 1202 SOUTH 500, Salem compare to recently sold homes nearby?

Accepted Answer

Based on 10 comparable properties, the median sold price in this area is $752,100. This listing is 59% above the comparable median. It ranks Premium among similar listings by value. The median for this property type specifically is $776,900. Comparable analysis is based on similar size, age, and location.

Question 46

Is the Salem neighborhood appreciating in value?

Accepted Answer

Based on Zillow Home Value Index data, property values in this area have appreciated 4.8% over the past year. The current Zillow Home Value Index for this area is $573,048. This listing is priced at 209% of the ZHVI estimate. Past appreciation is not a guarantee of future performance.

Question 47

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 48

Is 1202 SOUTH 500, Salem overpriced or underpriced?

Accepted Answer

Propaired's AI classifies this property as "Standard." At 59% above comparable homes, the asking price is above the local median. Verify that premium features justify the price difference. Deal score: 45/100. Always confirm with a local real estate professional who can provide a comparative market analysis.

Question 49

What school district is 1202 SOUTH 500, Salem in?

Accepted Answer

This property is in the Nebo school district. Assigned elementary: Foothills.  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 50

What parks are near 1202 SOUTH 500, Salem?

Accepted Answer

The nearest local park is Spanish Fork Fairground (0.6 miles away). The nearest state park is Utah Lake State Park (11.5 miles).  Parks and green spaces contribute to quality of life and are a positive factor for property values.

Question 51

Is there a golf course near 1202 SOUTH 500, Salem?

Accepted Answer

The nearest golf course is Spanish Oaks Golf Course, 2.8 miles from the property. Utah has over 80 golf courses statewide with a season running from March through November in most areas. Close proximity to a golf course is a desirable feature that can enhance property value.

Question 52

What water activities are near 1202 SOUTH 500, Salem?

Accepted Answer

Water recreation near this property includes: Utah Lake (11.0 mi); boat ramp at Swedes Lane (6.7 mi); fishing at Provo River (15.8 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 53

Is 1202 SOUTH 500, Salem move-in ready?

Accepted Answer

Property condition is listed as: Blt./Standing.

Question 54

Does 1202 SOUTH 500, 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 55

What is the lot like at 1202 SOUTH 500, Salem?

Accepted Answer

The lot is 0.34 acres. Lot features: Corner Lot,Curb & Gutter,Fenced: Full,Sprinkler: Auto-Full,View: Mountain,View: Valley,Drip Irrigation: Auto-Full. Terrain: Corner Lot, Curb & Gutter, Fenced: Full, Sprinkler: Auto-Full, View: Mountain, View: Valley, Drip Irrigation: Auto-Full. Views: Mountain(s),Valley.  Lot characteristics affect usability, privacy, and future improvement potential.

Question 56

What utilities are available at 1202 SOUTH 500, Salem?

Accepted Answer

Available utilities include: Natural Gas Connected,Electricity Connected,Sewer: Public,Water Connected. Water source: Culinary,Irrigation: Pressure. Sewer: Sewer: Public. 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 57

Does 1202 SOUTH 500, Salem have natural gas?

Accepted Answer

Yes, this property has natural gas service — the heating system is listed as: Gas: Central,Wood. 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,Heat Pump) operates separately. Natural gas availability also supports gas ranges, water heaters, and fireplaces.

Question 58

Is there EV charging near 1202 SOUTH 500, Salem?

Accepted Answer

The nearest EV charging station is Electrify America Charging Station, approximately 2.1 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.

Question 59

Can I park an RV or boat at 1202 SOUTH 500, Salem?

Accepted Answer

Yes, this property is tagged as RV-friendly, accommodating RV, boat, or trailer parking. The 0.34-acre lot provides ample space. In addition to the 3-car garage, there is space for large vehicle storage. RV parking capability is a sought-after feature in Utah given the state's proximity to national parks, lakes, and outdoor recreation. Verify any HOA restrictions on RV/boat parking if applicable.

1202 SOUTH 500, Salem, UT 84653

1202 SOUTH 500, Salem, UT 84653

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