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1254 S 440th St E, Salem, UT, 84653

--beds
--baths
--sqft
$3,190,000
--price/sqft
$17,994/moest. monthly cost
$719,760/yrincome needed

About This Home

22 finished garden home pads now available in Moonlight Village. This is a great opportunity to bring a new product type to Salem, offering single-family living at a more affordable price point. The layout encourages a close-knit neighborhood feel while still providing private homes. Join Arive Homes in building within this growing subdivision. Planned amenities include a regional city park with pickleball courts, playgrounds, and open space, along with a future community clubhouse and pool. The area will also feature miles of trails surrounding natural wetlands. These are finished pads and ready for permits. The community is part of a PID. Property taxes are not yet listed on the county website; for reference, Parcel 67:211:0062 had 2025 taxes of $937, which has been used as an estimate. Development Agreement does require fencing around the Garden Homes.

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
20
BikeSomewhat Bikeable

Schools

7/10
Foothills SchoolGrades PK-60.7 mi
7/10
Valley View MiddleGrades 6-70.9 mi
7/10
Salem Hills High SchoolGrades 9-121.4 mi

Construction

Condition

  • Property condition: Blt./Standing

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Property

Details

  • Parcel number: 672470156
  • Zoning: MASTER
  • Zoning description: Multi-Family

Features

  • Frontage length: 32

Lot

  • Lot size: 1,306 sqft
  • Lot size dimensions: 32.0 x 40.0 x 0.0

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningRelatively High
  • Earthquake
    EarthquakeModerate
  • Wildfire
    WildfireModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Earthquake
Wildfire
Winter Weather

FEMA Declared Disasters Across Utah Counties

Flood

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $16,130$193,560
Home Insurance $552$6,624
Property Taxes $1,143$13,716
Electricity $169$2,039
Total$17,994$215,928

Income You'd Need if You Spent...

35% on housing$616,937/yr
40% on housing$539,820/yr
45% on housing$479,840/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 0.9%
0.9%
0%15.0%
Property Taxes Growth Rate2-year average: 2.9%
2.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 84653$195
Utah County$202

vs Homes Sold Last Month

Median $/sqft

ZIP 84653$189
Utah County$203

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-06Listed for sale$3,190,000

For Sale by Agent

AgentShanice Hone
BrokerageArive Realty

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