JUST SOLD: Historic Ogden Victorian Triplex

September 14, 2020 Posted by: Jeremy Peterson

We 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 […]

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Market Snapshot: August 2020

Posted by: Jeremy Peterson

The 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 […]

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Posted In: Uncategorized

VIDEO:  Ogden Wind Event Damage and Cleanup

September 11, 2020 Posted by: Jeremy Peterson

Ogden, 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.  

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Posted In: Uncategorized

JUST SOLD! Brick Syracuse Rambler

August 21, 2020 Posted by: Jeremy Peterson

I 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 […]

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Posted In: Sold Listing

JUST SOLD!  Ogden River Parkway Home

August 18, 2020 Posted by: Jeremy Peterson

We 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 […]

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Posted In: Sold Listing

JUST SOLD! Ogden Mid-Century Rambler

Posted by: Jeremy Peterson

We 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.  […]

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Posted In: Sold Listing

FOR SALE:  Historic Ogden Victorian Triplex

August 5, 2020 Posted by: Jeremy Peterson

We 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 […]

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Posted In: New Lisitngs

VIDEO:  Northern Utah Real Estate Market Update – August 2020 – Price Explosion

August 4, 2020 Posted by: Jeremy Peterson

Broker Jeremy Peterson explains the unprecedented surge in house prices in Weber County Utah and reveals what is happening behind the headline housing numbers.

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Posted In: Research

REGULATORY GOBBLEDYGOOK: Affirmatively Furthering Fair Housing Flails for Following Farther than Fret

August 3, 2020 Posted by: Jeremy Peterson

Interesting 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 […]

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Posted In: Real Estate News

OGDEN RISING:  Cache Valley Bank Prepares for Renovation of Historic Wells Fargo Building

Posted by: Jeremy Peterson

In 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 […]

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Posted In: Real Estate News

VIDEO: Agent vs. Lender – Jeremy Peterson Interview with Ron Pippin and Taylor Archibald

July 24, 2020 Posted by: Jeremy Peterson

Thanks 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.  

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Posted In: Research

FOR SALE:  Ogden Mid-Century Rambler

July 13, 2020 Posted by: Jeremy Peterson

We 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 […]

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Posted In: New Lisitngs

JUST SOLD! Brigham City East Bench Home

July 7, 2020 Posted by: Jeremy Peterson

We recently closed on the sale of this mid-century home located on the east bench of Brigham City for our buyers. The home was built in 1962 with a split-entry configuration and a mid-century motif. The structure is 2,500 SQFT with 5 Bedrooms, 2.5 baths,  and sits on a .26 acre lot. Our shopping experience began in May when we found this home listed at $289,900. Our initial offer was $280,000 and asking for $5,000 in closing costs. The sellers balked at this and requested a full price offer. After […]

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Posted In: Sold Listing

VIDEO: Eviction Aftermath – A Post COVID 19 Moratorium Eviction Story

June 26, 2020 Posted by: Jeremy Peterson

We recently performed our first eviction in over a year. It was with a tenant we inherited from a less diligent property manager. Walk with us through the property as we illustrate a potent object lesson in tenant screening and explain how Utah’s eviction process was convoluted by the April shutdown.  

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Posted In: Property Management

VIDEO: Northern Utah Real Estate Market Update – June 2020 – Up and Down Divergence

June 10, 2020 Posted by: Jeremy Peterson

Its been an interesting month!  Check out the wild swings as the market wrestles with current events.  

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Posted In: Uncategorized

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