It’s been a long time coming (14 months!) but the once beautiful Victorian next door to us finally had its appointment with the excavator. It would have been wonderful to see the home restored but, alas, neglect, mismanagement, and ultimately a catastrophic fire took its tole on the property. The bed sore next door is no more. Losing these great old homes is such a waste, if you are thinking of scraping a derelict home give me a call before you do, it may just be worth saving. 801-390-1480
... Read MoreA lot of attention has been paid to mortgage interest rates over the past two years as rates have soared from a low of 2.77% in August 2021 to today’s nosebleed rates approaching 8%. Obviously, higher rates have translated into lower sales volumes. But, real estate sales aren’t just affected by the level of interest rates. They are also affected by the direction and speed which rates move regardless of level. To illustrate the point, let’s take a look at the time period between June and October in both 2022 […]
... Read MoreDue to some technical difficulties with video, today’s market update comes to you in the form of an old fashioned written blog. So, let’s commence with something we should probably be doing a lot more of anyway…reading. We will start with the villain of today’s story which happens to be 30-Year Mortgage interest rates. They will be lurking in the background laughing as I present the rest of today’s charts. As you can see, rates are high and headed higher. That market is reacting accordingly. Inflation adjusted house prices in […]
... Read MoreWe recently listed this unique development opportunity in Ogden located at the site of former Grandview Elementary (approx. 38th and Jackson Ave.). The site is 5.15 acres and zoned R-2S. The list price for this property is $2,080,000. It is a fantastic location very close to Weber State University and McKay Dee Hospital. ***UPDATE*** The offer window for this listing ended October 2, 2023. Multiple offers were received. No additional offers are being received at this time.
... Read MoreThe Matson House project continues to move forward, albeit in fits and starts. Part of the challenge of this project has been trying to determine what was original 1895, what was newer (1905-ish), and what was newest (1950). The only way to find that out is to strip things down. And that is exactly what we have been doing. Hopefully you will find our toil entertaining: Expect more videos in the coming months!
... Read MoreBig development continues across Ogden and the Wasatch Front but not all is happy in the land of apartment monoliths. KSL recently reported on the Union Walk project underway on Historic 25th Street in Ogden. This unique (and controversial) mixed use project has promised to bring 55 apartments to 25th Street while its design and imposing mass have irked many locals for its lack of parking and unhistoric aesthetic. Now, to add injury to insult, it has been revealed that the developer’s contractor, Makers Line, unilaterally swapped out fire treated […]
... Read MoreIn December of 2021, the Lotus Company, a large developer based out of Salt Lake City, purchased three parcels of land which encompasses the Ogden Plaza at 23rd and Grant Ave. The site might be most famous for hosting the Teleperformance building among some other small shops in the strip. The Planning Commission held a meeting recently to review fine tuned details of the plan for the site. Based on the specs and the drawings, the project that will replace the existing structures there is impressive. Above is the current […]
... Read MoreFinishes and restoration work have been going on methodically at the Hibbs House. These videos catch you up to the progress:
... Read MoreWe recently closed on the purchase of this Ogden landmark located at the corner of Jefferson Ave. and 24th St. in Ogden. The Matson House came to us in distress. It is our plan to resuscitate the home and restore it to its former grandeur. You get to join along with us on our journey. Here are the first three exciting video installments: More Exciting Episodes to Come…
... Read MoreWe just closed on the sale of this duplex located at 902 Sullivan Ave. in Ogden. This duplex is located in the Sullivan Hollow neighborhood. The duplex hosts a three bed unit upstairs which was previously occupied by the owners. The basement walkout unit is 2 beds with additional storage accessible from the exterior. The whole structure is 2,152 SQFT. We had a lot of interest in this property immediately after listing it. Our list price was $419,900. The fine finishes were attractive. After a week on the market […]
... Read MoreWe recently closed on the sale of this cool Victorian era home built in 1899 by the Biddle family. Mr. Biddle were handcart pioneers and worked in the paint department at the railroad yard. They built the home later in their life and lived their until their passing. Sometime in the 1940’s the home was converted into a duplex format. We listed the property for $399,900 in late June. We had immediately interest in the property. Within a week we had an offer at $400,000 which our seller accepted. […]
... Read MoreWe just closed on the sale of this townhome-ish condo located at 281 7th St. in Ogden. The unit is located in a boutique condo complex hosting just 8 units call Crystal Manor. The seller contacted us recently to list his home as he prepared for a move out of state. We listed the property at an affordable $209,900. Within several days of the listing we received an acceptable offer. The buyer offered $215,000 while asking for $5,000 in closing costs. After the inspection there were some repair items […]
... Read MoreA lot has happened in the market since the last update. Here is a quick lighthearted update with all the charts and graphs you crave.
... Read MoreWe just closed on the sale of this Cold Springs Village townhome in North Ogden. The recent yo-yo in house prices found us in a multiple offer situation on this home. Fortunately, we were working with a cash client and we were able to convince the sellers to accept our offer. The home was listed for $319,000 on May 7th. We offered list price and went under contract on the 9th. A minor concession later, and we closed on the 31st of May for $318,000. Congratulations to our buyer! If […]
... Read MoreHeadlines have been made recently regarding changes in mortgage interest rate pricing implemented by the Federal Housing Finance Administration. It was proposed, and is now implemented, that interest rate pricing changes be made to accommodate first time home buyers and those who have less access to loans and capital to purchase a home. While this policy on its face sounds like a kind and generous effort to improve the standards of living of many disadvantaged people, the means by which the policy works to accomplish this are less benevolent. […]
... Read MoreVesta Real Estate | Ogden, UT 84401 | office@vesta-real-estate.com