JUST SOLD! South Ogden Home With Accessory Apartments
Published On: October 29, 2015 Posted by: Jeremy Peterson
I just closed on the sale of this very unique property located in South Ogden, Utah. This particular home was constructed originally with one accessory apartment and a separate office space attached to the main living quarters. Later, the office was converted into a separate apartment thus making the home a triplex.
I sold this property to the owners back in 2007 and they made the largest unit their home for the past 8 years. A change in lifestyle required them to sell the home so they could continue on to their next adventure. So, we listed the home originally for $324,900. Almost immediately, we began to have interest in the property. We received an offer for $308,000 from someone familiar with the property and immediately went under contract. A couple weeks later the home inspections were completed. The buyers noticed some items that had escaped their initial review and requested a couple concessions. We negotiated a new price of $306,875.
The appraisal was interesting due to the unique nature of the property. The appraiser originally reviewed the property as single family home but then revised his approach to that of a triplex. The challenge that posed was that there are very few triplex sales in the area to use as a measure of comparable value. Nevertheless, the building appraised at our negotiated contract price.
We finally closed on the property and the new buyers were able to make a part of this triplex their new home.
Congrats to our sellers!
