For sale

Price cut: $15K (6/26)

$514,900

397 E 500 N Lot 16, Salem, UT 84653

4beds

2,546sqft

$3,069/mo

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Multi Family

Built in 2025

-- sqft lot

$514,700 Zestimate^®

$202/sqft

$-- HOA

What's special

WOW BUILDER INCLUDED 2/1 BUYDOWN 1st YEAR 3.99% (FHA) JUST COMPLETED!! BRAND NEW 4 BEDROOM TWIN HOME! NO HOA!! 2 car garage, QUARTZ Tops, upgraded WHITE cabinets with crown molding & island, wood/tile flooring, central air, 2 tone paint, Unfinished Basement, plus much more. ** SEE AGENT REMARKS FOR Temp rate buydown & closing cost up to $20k Incentives** SUBJECT TO CHANGE WITHOUT NOTICE CALL LISTING AGENT

69 days

130

15

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1
Partial bathrooms: 1

Rooms

Room types: Master Bathroom

Primary bedroom

Level: First

Heating

Forced Air, Central

Cooling

Central Air

Appliances

Included: Disposal, Free-Standing Range
Laundry: Electric Dryer Hookup

Features

Walk-In Closet(s), Granite Counters
Flooring: Carpet, Laminate, Tile
Doors: Sliding Doors
Windows: Double Pane Windows
Basement: Entrance,Full,Basement Entrance
Has fireplace: No

Interior area

Total structure area: 2,546
Total interior livable area: 2,546 sqft
Finished area above ground: 1,852

Property

Parking

Total spaces: 2
Parking features: Garage - Attached
Attached garage spaces: 2

Features

Levels: Two
Stories: 3
Has view: Yes
View description: Mountain(s)

Lot

Size: 10,018 Square Feet
Features: Curb & Gutter

Details

Parcel number: 536870016

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Asphalt, Stone, Stucco
Roof: Asphalt

Condition

Blt./Standing
New construction: No
Year built: 2025

Utilities & green energy

Sewer: Public Sewer, Sewer: Public
Utilities for property: Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

Community & HOA

Community

Features: Sidewalks
Subdivision: Timber Ranch

HOA

Has HOA: No

Location

Region: Salem

Financial & listing details

Price per square foot: $202/sqft
Tax assessed value: $222,900
Annual tax amount: $3,500
Date on market: 5/19/2026
Listing terms: Cash,Conventional,FHA,VA Loan
Acres allowed for irrigation: 0
Electric utility on property: Yes

Estimated market value

$514,700

$489,000 - $540,000

$2,108/mo

Price history

Date	Event	Price
6/26/2026	Price change	$514,900-2.8%$202/sqft
Source: UtahRealEstate.com #2158920 Report a problem
5/19/2026	Listed for sale	$529,900$208/sqft
Source: UtahRealEstate.com #2158920 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,182	$222,900

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 84653

Getting around

35 / 100

Car-Dependent

39 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

6/10
Salem School
Grades: PK-6Distance: 0.8 mi
5/10
Salem Junior High School
Grades: 7-9Distance: 0.4 mi
7/10
Salem Hills High School
Grades: 9-12Distance: 0.7 mi

Schools provided by the listing agent

Elementary: Salem
Middle: Salem Jr
High: Salem Hills
District: Nebo

Source: UtahRealEstate.com. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.