DEMOLITION DAY: Ogden River Inn Razed for Redevelopment

June 18, 2019 Posted by: Jeremy Peterson

In a day that couldn’t come soon enough for downtown Ogden, the notorious Ogden River Inn has finally seen its last days as a great assembly hall of despair and hopelessness.  Demolition crews began last week tearing the sordid building down in anticipation of redevelopment for a new Mountain America Credit Union building.   The Ogden River Inn was constructed in the late 1970’s to provide lodging for motorists traveling to the city center.  Like other establishments built for that same purpose, it steadily fell into decline and decay once […]

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Posted In: Real Estate News

HOUSE RICH: Utah Leads U.S. in Positive Home Equity

June 17, 2019 Posted by: Jeremy Peterson

    One of the perks of a real estate boom is increasing values and improving home equity.  During the Great Recession, many homeowners with mortgages saw their home’s value plummet below the balance they owed on their mortgage.  Being “upside down” on their homes led many owners to short sell or simply give up and let the bank foreclose.  In Utah, time has healed that wound and CoreLogic has come out with new figures showing just how robust Utah’s recovery has continued.   Here you can see that Utah’s […]

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Posted In: Research

Wacky Scenes from the Housing Market – June 2019

June 10, 2019 Posted by: Jeremy Peterson

Being a Realtor takes you many places many people never go.  Realtors also see many things that people never see.  Here are some of the latest sights that made us giggle…or cringe. Accessory dwellings are all the rage with affordable housing being so scarce.  This house comes with an mother-in-law apartment in a tree.   Meh.  Just another run-of-the-mill 747 accident in the neighborhood.  (Courtesy of my vacation to Universal Studios)   Is your bathroom boring you to tears? Spruce it up with vanity wallpaper.     You learn a lot […]

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Posted In: Miscellaneous

CHARTS: Interest Rates and Affordable Housing

Posted by: Jeremy Peterson

The news cycle has been filled with stories of the affordable housing problem we are experiencing here in Utah. The problem is nationwide but there are some unique features to our problems locally. First, a lack of land prevents the continued suburban sprawl that is the hallmark of the last 60 years of Utah’s development. Compounding the problem is that zoning laws in most of Utah’s small municipalities shun higher density housing projects which could alleviate the imbalance of supply and demand for housing.   Despite these macro forces creating […]

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Posted In: Research

THE HIBBS HOUSE PROJECT:  A Craftsman Restoration

May 28, 2019 Posted by: Jeremy Peterson

We recently purchased the historic Ambrose P. Hibbs home located at 2223 Adams Ave. in Ogden.  The purchase was somewhat of an accident after one of our property management clients ran into a personal hardship and even worse circumstances at the property.  Recognizing the impossible situation, we offered to purchase the home and help alleviate their burden.  They happily agreed.   At closing, we adopted a property that was a complete mess.  Fetid trash was piled high and years of neglect and abuse were glaring. The building had been used […]

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Posted In: Miscellaneous

FOR SALE: 3 Bed 1 Bath Ogden Cottage

May 13, 2019 Posted by: Jeremy Peterson

We just listed this home for sale located at 2122 Jefferson Ave. in Ogden, Utah.  The home is tucked away next to New Bridge Elementary and across the street from the Historic Ogden 4th Ward Chapel.  The neighborhood is highly walkable with restaurants, recreation, worship centers, entertainment and more just blocks away. The home has 1220 SQFT with a tiny portion of that being a cellar space.  The remaining floorplan is dedicated to 3 bedrooms, a spacious laundry area, an updated bathroom, and a sizable kitchen.  There is also a […]

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Posted In: New Lisitngs

PASTEL HOTEL: New Development Proposed at Lincoln Ave. and 24th Street

May 7, 2019 Posted by: Jeremy Peterson

Developers recently made a pitch to the Ogden Planning Commission to construct a Hilton Hotel at the corners of Lincoln Ave. and 24th St.  Currently the site is the home to a grove of trees and an under utilized commercial building. The proposed hotel will be 23,500 SQFT and host the “Home 2” and “Tru” sub brands that Hilton offers. While we are excited about the prospect of the city continuing to grow and redevelop, we can’t help but hold our nose at today’s unfortunate architectural trends with gaudy fins, […]

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Posted In: Real Estate News

FRANKENHOUSE:  Making Sense of a Mixed Up Monstrosity

May 6, 2019 Posted by: Jeremy Peterson

Our property management company manages a freaky property located in a formerly creepy part of Ogden City.  The property is currently used as a duplex and tenants have occupied it for years.  Recently however, the owner received a letter from the city stating that the property did not have a “legal non-conforming use” certificate.  What is that, you say?  To make a long story short, a legal non-conforming use certificate says that a property can be used for a purpose that conflicts with the zone that the property resides in.  […]

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UNDER NEW MANAGEMENT:  Spacious North Ogden Rambler

May 2, 2019 Posted by: Jeremy Peterson

We just signed with the owner to manage this fantastic rambler located on a secluded dead end street in North Ogden.  The home has 4 bedrooms, 3 bathrooms, and nearly 2400 SQFT.  It is surrounded by open space and has a lot of room for stretching out.  The home is located in a newer subdivision just below 3100 N. We welcome our newest client to our property management family!   If you are in need of management services, CONTACT ME, and let’s put a plan together to make sure owning […]

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Posted In: Property Management

VIDEO: Have Northern Utah House Prices Peaked?

April 17, 2019 Posted by: Jeremy Peterson

Explore the latest market info to answer questions about affordability and the future of Northern Utah house prices with Broker Jeremy Peterson.  

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Posted In: Research

JUST SOLD!  Updated Clinton Rambler

April 10, 2019 Posted by: Jeremy Peterson

We just closed on the purchase of this home for our clients.  Located at 682 W. 1860 N. in Clinton, this property was recently renovated by the owners.  At the time we saw the property, it appeared the seller was nearly complete with construction inside the home but had a few loose ends to finish.  The home was listed for $295,000 on March 14th.  The home has 5 beds, 3 baths, and 2380 SQFT between the main floor and fully finished basement. We offered $298,000 and asked for $3,000 in […]

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Posted In: Sold Listing

JUST SOLD!  Updated Ogden Rambler

Posted by: Jeremy Peterson

We just closed on the sale of this 3 bed 1 bath rambler in the Ron Claire neighborhood of northern Ogden.  We listed the home for $179,900 on March 14th.  We received four offers within 24 hours. The offers were: $183,000 with asking $3,800 in seller paid closing costs.  FHA loan. $175,000 with asking $3,950 in seller paid closing costs.  FHA loan. $195,000 with asking $4,000 in seller paid closing costs. FHA loan. $185,000 with asking $3,500 in seller paid closing costs.  Conventional loan. Since this transaction was the platform […]

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Posted In: Sold Listing

JUST SOLD!  Historic Ambrose P. Hibbs Home

Posted by: Jeremy Peterson

We just closed on the sale of this iconic Ogden craftsman home located at 2223 Adams Ave. in Ogden Utah.  The home was constructed in 1913 by Ambrose P. Hibbs and his wife Gracie in 1913.  He was a doctor of osteopathy and she was a socialite.  They had one son who graduated from Ogden High School and joined the navy in 1919. The home has hit hard times lately and will need a significant renovation to be made livable again.  The property is 2900 SQFT and has 5 bedrooms, […]

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Posted In: Sold Listing

Wacky Scenes from the Housing Market – April 2019

April 2, 2019 Posted by: Jeremy Peterson

It has been a while since we shared some of the absurd, unusual, and outright strange things we see while out in the field.   Enjoy some of the latest: They weren’t lying.  Box Elder trees can grow just about anywhere it turns out.   Nice touch. Those curtains totally hide the 2×4 security bars screwed into the door.   Is the bedroom to small or the bed to big. Hmmmmm….   Terrify your child into using the toilet with this creepy evil wall mount urinal.   Look at the light […]

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Posted In: Miscellaneous

TENANT TROUBLE: Crazy Clown Capers

Posted by: Jeremy Peterson

So imagine you move into a cheap basement apartment to save some money while you go to school.  While you are there, a neighbor moves into the apartment next door.  You and your spouse befriend them.  You make a plate of cookies and introduce yourselves to them in a gracious act if neighborliness.   Meanwhile, your neighbor’s daughter and her ne’er-do-well boyfriend start hanging out next door.  When you come home from work, the boyfriend gives you bad looks and watches you.  You have a bad feeling about the guy. […]

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Posted In: Real Estate News

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