For SaleNeutral Deal334 days on market
1043 Summit Dr
1043 Summit Dr, Salem, UT 84653, Salem, UT 84653
$462,500
Listing Price
1043 Summit Dr, Salem, UT 84653
Loc: Salem, UT
Days Listed
334
Lot Size
0.80 acres
Type
lot
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
7
Foothills School
PK-6
3 mi away
7
Valley View Middle
6-7
3.1 mi away
7
Salem Hills High School
9-12
3.8 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
mountainous terrainautumn foliagescenic landscapeoutdoor recreation areasloped propertyforest surroundingswildernesspanoramic viewnature-focusedrural settinghigh altitudeevergreen and deciduous treesnatural topography
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.46%
Total ROI
99.3%
Cash Flow
$91/mo
DSCR
1.04
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $91/mo net cash flow with a 6.5% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.5%)
- • Strong rental demand in Salem
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-06-30 | Listed for sale | $462,500 | – |
| 2026-06-23 | Pending sale | $462,500 | – |
| 2026-06-09 | Price change | $462,500 | – |
| 2025-05-24 | Price change | $550,000 | – |
| 2024-09-03 | Price change | $700,000 | – |
| 2023-06-19 | Pending sale | $389,000 | – |
| 2023-04-01 | Listed for sale | $389,000 | – |
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