NOT LISTED FOR SALE

787 W 1040 S Unit 38 Salem, UT 84653

Estimated Value: $838,406 - $946,000

5 Beds
4 Baths
5,108 Sq Ft
$173/Sq Ft Est. Value

About This Home

This home is located at 787 W 1040 S Unit 38, Salem, UT 84653 and is currently estimated at $885,352, approximately $173 per square foot. 787 W 1040 S Unit 38 is a home located in Utah County with nearby schools including Salem Elementary, Salem Junior High School, and Valley View Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2023
Sold by
Arive Homes Llc
Bought by
Lundy Stephen T and Lundy Deanna L
Current Estimated Value
$885,352

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,413
Outstanding Balance
$597,481
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$318,526

Purchase Details

Closed on
Apr 13, 2023
Sold by
Diamond Creek Development Llc
Bought by
Arive Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
6.65%
Mortgage Type
Construction
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lundy Stephen T -- Prospect Title
Arive Homes Llc -- Prospect Title
Arive Homes Llc -- Prospect Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lundy Stephen T $608,413
Previous Owner Arive Homes Llc $740,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,424 $1,076,600 $242,800 $833,800
2024 $4,424 $448,635 $0 $0
Source: Public Records

Map

Utah Utah County Salem 84653

787 W 1040 S Unit 38, Salem, UT

This home is located at 787 W 1040 S Unit 38, Salem, UT 84653 and is currently estimated at $885,352, approximately $173 per square foot. 787 W 1040 S Unit 38 is a home located in Utah County with nearby schools including Salem Elementary, Salem Junior High School, and Valley View Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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