1 / 35
1301 S 1020 E, Salem, UT 84653
$1,799,000
1301 S 1020 E, Salem, UT 84653
Type
SFR
List Price
$1.80M
Price/Sqft
$303
Est Gross Yield
1.7%
$30,000/yr est.
Property Details
Description
**Offering a 3.99% starting interest rate via a seller-paid 2/1 buy down and closing costs paid up to $6k. **Buyer must qualify through Seller's Preferred Lender to obtain rate buydown. Discover elevated living in this brand new, 6-bedroom, 6-bathroom custom home located on a spacious corner lot in Salem. With approximately 5,934 sq. ft. of thoughtfully designed space, this home blends luxury, function, and room for everyone. Step inside to soaring 10-foot ceilings on the main level and 9-foot ceilings in the finished basement and second level, creating an open and inviting atmosphere. Large windows capture panoramic mountain and lake views, bringing natural light and scenery into every gathering space. The gourmet kitchen, generous great room, and seamless layout make hosting effortless. The basement features a luxury private home theater, perfect for movie nights and entertainment, along with multiple versatile rooms that allow for office space, home gym, or guest quarters. Outside, the property offers ample parking, including a third garage bay extra deep for RV, boat, or workshop use, giving you flexibility and storage rarely found. The corner lot provides privacy and space to enjoy. This home combines luxury finishes with thoughtful details throughout-ready to welcome its first owners. Come experience the beauty, comfort, and lifestyle this new build has to offer.
Listed by Shane Wilde · Engel & Volkers Park City
Location
1301 S 1020 E, Salem, UT 84653
Proforma
Drag sliders to explore the deal
Cap Rate
1.11%
Cash-on-Cash
-9.51%
Cash Flow
-$5,348/mo
Quick estimates only. Switch to Detailed for full line-item control.
Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
DISCLAIMER: The information provided on this website, including property details, pricing, projections, and availability, is for informational purposes only and may change without notice. While Canovo Group, LLC strives to maintain accurate and up-to-date information, we do not guarantee its completeness or accuracy. Users should independently verify all information and property details, including availability and any leasing conditions, with the listing agent or property owner before making any decisions. Canovo Group, LLC is not responsible for any errors, omissions, or third-party content and makes no representations or warranties regarding the properties listed. Neither Canovo Group, LLC nor its affiliates are acting as your real estate agent or broker, nor do we represent or endorse any properties or parties unless expressly stated in a separate written agreement. This website is not an offer or solicitation to buy, sell, or lease any property. All transactions are the sole responsibility of the parties involved.
© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 7/23/2026, 12:45:35 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.