For SaleNeutral Deal342 days on market
1031 Summit Dr
1031 Summit Dr, Salem, UT 84653, Salem, UT 84653
$675,000
Listing Price
1031 Summit Dr, Salem, UT 84653
Loc: Salem, UT
Days Listed
342
Tax Assessed
$366k
Lot Size
0.70 acres
Type
lot
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
7
Foothills School
PK-6
2.9 mi away
7
Valley View Middle
6-7
3 mi away
7
Salem Hills High School
9-12
3.7 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
scenic viewsmountain landscapevalley outlookgolden hournatural terrainelevated positionsecludedspacioushillside propertyrustic aesthetictranquilopen space
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.73%
Total ROI
105.1%
Cash Flow
$282/mo
DSCR
1.08
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $282/mo net cash flow with a 6.7% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.7%)
- • 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 |
|---|---|---|---|
| 2025-05-24 | Price change | $675,000 | – |
| 2024-09-03 | Price change | $700,000 | – |
| 2023-06-19 | Pending sale | $359,000 | – |
| 2023-04-01 | Listed for sale | $359,000 | – |
| 2023-03-03 | Listing removed | $425,000 | – |
| 2022-04-04 | Listed for sale | $425,000 | – |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,290.6 | $365,500 |
| 2024 | $4,161.19 | $348,100 |
| 2023 | $4,068.51 | $338,000 |
| 2022 | $4,063.62 | $339,200 |
| 2021 | $1,145.21 | $79,800 |
| 2020 | $977.28 | $66,500 |
| 2019 | $900.68 | $62,800 |
| 2018 | $789.98 | $52,800 |
| 2017 | $690.46 | $51,700 |
| 2016 | $690.46 | $44,300 |
| 2015 | $322.78 | $20,900 |
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