We recently celebrated the third anniversary or working on our basement finishing project. We finally have started on the wood finish. The effort has been a labor of love for sure. Between work, family, and community responsibilities, this project has absorbed an enormous amount of time. But, it is nearing is conclusion and, so far, we are very happy with the results. Here is a sample of the work we are doing to make the new construction look and feel like the old. First we had two-panel doors constructed […]
... Read MoreOgden has been undergoing significant changes over the past 20 years starting with the election of Mayor Matthew Godfrey in 1999. It seems that since that time the city has been in a constant state of reinvention and rejuvenation. Most of this visible energy has been focused in the downtown core (honorable mentions going to Business Depot Ogden and the Ogden Stockyard Exchange areas of course.) Which brings me to the latest example that epitomizes Ogden’s continuing transformation. Let’s look no further than 2210 Jefferson Ave. Originally constructed in […]
... Read MoreOur property management service just took over care of this poorly managed fourplex in Layton. Here is video of our beginning efforts to turn the building around. We started out with a squatter situation and police involvement.
... Read MoreWe just closed on the sale of this historic triplex property located at 336 18th Street in Ogden. We listed the property in on August 5th for $264,900. Total rent income for the property before expenses was $1,720 per month. Immediately we received phone calls. Many were from out of state buyers in California who were taking real estate investment classes. Within 48 hours, three offers were received. The offers we received were: $264,900, conventional financing, no concessions $227,000, hard money/cash, no concessions $280,000, conventional financing, no concessions We accepted […]
... Read MoreThe real estate market surge even higher in August with property values increasing an whopping 17.5% year over year and increasing at a white hot 2.1% month over month pace. Sales volumes were up over 5% and it only took homes on the market 9 days to go under contract on average. This is a very strong monthly report. Utah’s unemployment rate is below 5% already which translates into a labor shortage again. If you are a thinking of selling your home, call me at 801-390-1480 and lets find out […]
... Read MoreOgden, along with much of Davis and Salt Lake Counties, experienced an epic wind storm the day after Labor Day with 60mph gusts and mayhem that followed. We went for a walk around the neighborhood to document some of the damage we saw and took some video during the clean up over the following days.
... Read MoreI just closed on the sale of this nicely finished brick rambler located in Syracuse, Utah. The home is located in a subdivision constructed in the mid 1990’s. The home boasts 5 bedrooms, 3 baths including a mother-in-law apartment in the walk-out basement. The home was originally listed for $455,000 on April 21st during the lockdown. The price was dropped to $445,000 in mid-June. In mid-July my clients noticed this home and we viewed the property. The home checked off all the boxes for them and we submitted an […]
... Read MoreWe just closed on the sale of this unique 5 bedroom 4 bathroom property located at 1606 Mountain Road near the Ogden River. The home has been a rental property for the past 7 years and we have managed its upkeep and care during that time. The most recent tenants vacated and the owner determined it was time to liquidate the property. Unfortunately, the tenants left a mess to cleanup as their family situation deteriorated in a disorderly dissolution. It took several thousand dollars to bring the home back up […]
... Read MoreWe just closed on the sale of this Ogden mid-century rambler that we listed in July. The sale was fast. We put the home on the market on July 15th at a price of $215,000 or nearly $210 per SQFT.. Within two days we had about 12 showings. Three offers appeared by the end of the second day. Our first offer was for $215,000 with an escalation clause taking the buyers up to $217,000 in needed. Our second offer was for $215,000 and asking for $3,000 in closing cost concessions. […]
... Read MoreWe just listed this exciting investment opportunity located at 336th St. in Ogden. The property is a Victorian home that has been subdivided into three separate unit. Each unit is separately metered for electric and gas utilities. Up to four off street parking stalls are available. The structure is over 2500 SQFT with a minimal .08 acre lot for easy landscaping upkeep. The property has immediate access to the Ogden River Parkway and is walking distance to all of Ogden’s exciting downtown amenities. We have manged the building for […]
... Read MoreBroker Jeremy Peterson explains the unprecedented surge in house prices in Weber County Utah and reveals what is happening behind the headline housing numbers.
... Read MoreInteresting news from the Department of Housing and Urban Development as Ben Carson announces that the Affirmatively Furthering Fair Housing rules dictated in 2015 will no longer apply to those receiving HUD grants. The announcement came as I was with Sally who was selling me sea shells by the sea shore. So what was this tongue twisting HUD rule to begin with? For starters, it forced cities like Ogden to identify patterns in government programs and market dynamics that produced a specific barrier to minority populations in procuring affordable […]
... Read MoreIn what may be a strange twist of irony, Logan-based Cache Valley Bank has purchased and plans to renovate the historic 12-story Wells Fargo building located at the corner of 24th St. and Washington Blvd. in Ogden. The Wells Fargo building went vacant in 2006 and has since changed hands several times as one investment group after another was unable to muster the courage and/or financing to bring a restoration project to fruition. Fortunately, Cache Valley Bank has the funds and experience to do […]
... Read MoreThanks to Ron Pippin and Taylor Archibald with Cardinal Mortgage for hosting me on their Agent vs. Lender Podcast. We discuss property management, current real estate market conditions, Ogden history, talk about historic homes, tell war stories, and more. Check it out.
... Read MoreWe just listed this cute mid-century rambler located at 1044 Oak Street in Ogden. Sitting on a low traffic street accompanied by quaint turn of the century homes, this house sits on a sizable .20 acre lot. Mature trees and a fully fenced back yard provide privacy and shade. The home hosts 3 bedrooms an 1 bathroom in a 1,025 SQFT footprint. Updates have been made throughout the home. If you are interested in a private showing, call me at 801-390-1480 and we will get you in […]
... Read MoreVesta Real Estate | Ogden, UT 84401 | jeremy@vesta-real-estate.com