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1499 S 315 E photo 11 / 17
Single Family

$811,900

1499 S 315 E, Salem, UT 84653

Type

SFR

List Price

$811,900

Price/Sqft

$284

Est Gross Yield

3.7%

$30,000/yr est.

Property Details

Property typeSingle Family
Year built2025
Total units1
Living area2,858 sqft
Bedrooms4
Bathrooms3
Lot size0.34 acres
Parking4 spaces
Days on market515
Listed2025-01-22T00:00:00+00:00

Description

$15,000 new build incentive when using our preferred lender on to be built homes right now! Pick your lot, floorplan and customize! Welcome to Garrett's Place in Salem, a luxury community where you can build your dream home. Our semi-custom homes offer the perfect blend of elegance and convenience, with high-end upgrades like 9-foot ceilings on both the main level and basement included as standard. The craftsman-style exteriors and stunning finishes set this community apart from the rest. Enjoy beautiful views and spacious lot sizes that give you room to breathe. Want to personalize your home even further? Meet with our architects for an additional fee and customize one of our many base floor plans to perfectly fit your needs. Options to finish basements and add basement rental suites are also available at an additional cost. Please note that some photos may feature upgraded options that are not part of the base price. For more details and to schedule a tour of our model homes, contact the listing agent today!

Listed by Jessica Haith · Arive Realty

Location

1499 S 315 E, Salem, UT 84653

Proforma

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Cap Rate

2.46%

Cash-on-Cash

-5.92%

Cash Flow

-$1,502/mo

Purchase Price$811,900
Down Payment35% ($284,165)
Interest Rate6.00%
Monthly Rent$2,500/mo
Vacancy5%
Expense Ratio30% ($8,550)

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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.

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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 6/21/2026, 3:25:24 AM. 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.