UNDER NEW MANAGEMENT: The Madrid Apartments

April 21, 2018 Posted by: Jeremy Peterson

We were recently hired as new management of a unique 8-plex property.  The building is located in the heart of downtown Ogden’s Trolley District neighborhood.  This art deco gem was recently remodeled by the owner.  The work included ripping the roof off and gutting the property down to the studs and more.  Hence, the property has been completely rebuilt and produces top market rents for units of similar size.     Each unit is 1 bedroom 1 bath and about 550 SQFT a piece.  The owners have recently made some […]

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Posted In: Property Management

Ogden’s Rents are Rising

April 13, 2018 Posted by: Jeremy Peterson

While house prices have increased a solid 10%-15% for the past three years in a row, rents have been lagging behind.  But, recently it appears that rents are starting to feel the pressure that house prices have been feeling for some time.   During the past several years, rents have only increased about 5% per year on average.  Let’s keep in mind that lower quality units increased very little and the top quality units could justify bigger increases.  Right now, though, it appears that rent pressures are affecting all units […]

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Posted In: Property Management

BUYER BEWARE:  Flip Frenzy Follies

April 11, 2018 Posted by: Jeremy Peterson

As an experienced real estate investor and real estate broker, the current flip frenzy going on in our market has caused me to worry.  As a proud survivor of the Great Recession (i.e. Great Housing Depression of 2008-2012)  today’s market activity is giving me flashbacks to the crazed buying fever that dominated 2007.   While today’s market is fundamentally much healthier and less risky than it was in 2007,  there are some unhealthy aspects of today’s market that threaten buyers particularly.  The issue at the forefront of my mind right […]

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Posted In: Research

VIDEO:  MY OLD HOUSE – Ep. 4 – Classic Craftsman Kitchen Remodel

April 8, 2018 Posted by: Jeremy Peterson

While we had been working diligently on our basement, we decided to take a detour and focus on a craftsman kitchen remodel.  We are nearly done and we want to share some of the results and and how we did it. To learn more about how we turned this kitchen into a gem, check out the video:  

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Posted In: Miscellaneous

Ogden Real Estate Market Update – Spring 2018

March 27, 2018 Posted by: Jeremy Peterson

The Ogden real estate market continues to sizzle.  It has been so hot for so long now that memories of a buyer’s market have faded into the realm of myth and legend.  But, seasoned agents like me can tell you, this won’t last forever.  So, when exactly will a change come?  Its anyone’s guess.  In the meantime, we can look at these charts and get a sense for where we are in the market cycle.   This chart shows the average time that a home sits on the market before […]

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Posted In: Research

VIDEO:  MY OLD HOUSE – Ep. 3 – 1908 Craftsman Home – Basement Concrete Footings and Floors

March 15, 2018 Posted by: Jeremy Peterson

We recently finished the pouring of concrete in our historic craftsman home basement.  The job was intense and required scores of hours of labor to complete.  In the video you can see how the forms were set up and what the footings and concrete floors look like freshly after the pour. Enjoy!        

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Posted In: Miscellaneous

UNDER NEW MANAGEMENT:  Ogden High East Bench Rambler

March 14, 2018 Posted by: Jeremy Peterson

We just took over property management responsibilities for this property located at 1688 Wildcat Ln. located high on the east bench in Ogden near Weber State University.   The property is currently being renovated and the basement will be ready for lease in early June.  The owner has asked us to lease the property for the next several years as they prepare to retire to the home from their current residence out-of-state.   We welcome our newest client!   If you need property management services, CONTACT ME, and let’s see what […]

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Posted In: Property Management

JUST SOLD!  Renovated Ogden East Bench Cottage

February 25, 2018 Posted by: Jeremy Peterson

We just closed on the sale of this fully renovated cottage located on Ogden’s East Bench.  The home is located at 2202 Taylor Ave. and experienced a top-to-bottom remodel. We originally listed the property for sale on December 8th for $264,900.  The sellers were aggressive in their list price and wanted to test the market.  After a week of quiet, we dropped the price $15,000 to $249,900.  At this new price point we began to get regular showings. On the 8th of January, we dropped the price again to $244,900.  […]

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Posted In: Sold Listing

JUST SOLD! Historic Lorin Farr Park Victorian Home

February 10, 2018 Posted by: Jeremy Peterson

I just closed on the sale of this amazing Victorian home located in the up and coming Lorin Farr Park district of Ogden.               This Victorian diamond in the rough was constructed in 1897.  The home is 1192 SQFT with a cellar basement space.  The current configuration is 2 Beds and 1 jack-and-jill style bathroom. There is also an addition to the rear of the home that appears to have been constructed in the 1930’s./     The home was originally listed in October 2017 […]

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Posted In: Sold Listing

VIDEO:  MY OLD HOUSE – Ep. 2 – 1908 Craftsman Home – Underground Plumbing Replacement

December 25, 2017 Posted by: Jeremy Peterson

It took two months but the basement floors were finally excavated and lowered a foot.  The job required 1300 Cubic Feet of earth and concrete be removed by hand and lifted out of the basement via bucket.  Plumbers were called to remove the old cast iron pipes and replace them with new.  Take a look as we walk you through the project at its current stage in anticipation of the next phase.     You can watch the first episode of our adventure HERE.  In the meantime, look for more […]

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Posted In: Miscellaneous

BAMBOOZLED: A Tenant’s Web of Deception

December 19, 2017 Posted by: Jeremy Peterson

We recently leased one of our properties to a family in Ogden.  At the time we received their application, everything seemed normal.  Their income verification checked out.  They received a good reference from a previous landlord in a newer neighborhood in Harrisville.  Their credit was choppy due to medical issues but was otherwise par for what we see with most tenants.  With everything looking good we approved their application and moved them in.   That is when the trouble began.  About a week after their move into the property we […]

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Posted In: Property Management

FOR SALE: Renovated Ogden East Bench Cottage

December 9, 2017 Posted by: Jeremy Peterson

We just listed this amazing property located at 2202 Taylor Ave. on Ogden’s coveted East Bench neighborhood.  This home has been totally renovated from top to bottom and boasts four bedrooms (including an amazing master suite), three bathrooms, a custom kitchen, and more.  The main level utilizes an open floorplan with big windows providing plenty of light and amazing city and mountain views. The kitchen has custom cabinetry and new stainless steel appliances.  Granite counter tops provide a nice color accent and rich surface for food preparation.       […]

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Posted In: Uncategorized

MARKET TRENDS:  Fork in the Road?

November 17, 2017 Posted by: Jeremy Peterson

As the year wraps up, it is apparent that 2017 has been a banner year for real estate values.  Prices have surged 15.5% in Weber County.  Sales times reached record lows over the summer.  And buyers continue to outnumber sellers and create bidding wars at every turn.   Yet, it feels like there is a change coming in the market.  Interpreting the signals is proving to be a little harder than in the past.  I will explain why.  But first, here are the charts.       First, here is […]

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Posted In: Research

JUST SOLD!  Historic Craftsman Diamond in the Rough

November 9, 2017 Posted by: Jeremy Peterson

We just closed on the sale of this rare historic craftsman home located at 2255 Jefferson Ave. in Ogden.  The home was constructed in 1918 and later subdivided into 6 apartments.  At over 4000 SQFT, the home boasts a huge footprint with plenty of room to occupy.  The buyers of the the home will be utilizing Unit Reduction Money from Ogden City to convert this building back into a single residence.   The buyers paid $160,000 for the home.  The construction budget is approximately $110,000 to complete the renovation.  Look […]

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Posted In: Sold Listing

JUST SOLD! Renovated 1920’s Ogden Bungalow

November 8, 2017 Posted by: Jeremy Peterson

We just closed on the sale of this cute bungalow in Ogden.  The home is 4 bedrooms and 1 bath with a freshly updated kitchen and bath.  Improvements also included new carpet, paint, water heater, roof reinforcement, and more.   Here you can see the before and after pictures of the work done on the home.   The bathroom was updated with a new tile surround, vanity, and backspash. The kitchen renovation included gutting the existing cabinets and replacing them.  Another bank of cabinets was also added to house the […]

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Posted In: Sold Listing

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