373 N 1040 E #5, Salem, UT 84653

373 N 1040 E #5, Salem is listed at $789,900 ($196/sqft). Current status: Pending.

This property has been listed for 21 days. The average days on market in Salem is 53 days, meaning this listing is moving faster than the local average.

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).

373 N 1040 E #5, Salem is listed at $789,900, which is above the Salem median of $439,900 by $350,000. There are currently 186 active listings in Salem. Homes in Salem sell in an average of 53 days. The average sale-to-list ratio is 99.9%.

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.

Yes, 373 N 1040 E #5, 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.