I recently closed with some clients on this interesting property in the historic Lorin Farr neighborhood of Ogden near the River Parkway:
The property is very unique in that it was originally part of another lot that has another 'newer' 1920's era home on it. This house was built at the back of the lot to serve as the home while the owners built their larger brick home in the front of the lot. Rather than being torn down though after construction of the brick home was complete, this home was preserved and improved. Ultimately, the lot was subdivided and this back house was sold to new owners. The alley servicing the rear of the lots in this neighborhood now serves as a driveway for this home. It is a very curious and unique situation.
Fortunately, my clients are folks who appreciate curious and unique homes. After pursuing several other eclectic properties, we finally settled on this one. The home is 575 SQFT on the main level with a 480 SQFT finished basement area. I believe it would almost fit in the 'tiny' house category of homes.
The property was originally listed for $99,000 in early March. In April, the list price was reduced to $94,000. Our initial offer was $88,500 and asking $2,500 in closing costs. We wanted to test the motivation level of the seller. In this case, the seller was not very motivated. They countered back to us at $93,500 while paying $2,500 in closing costs. My buyers ultimately agreed to those terms.
Once we conducted our inspections, we noticed there were a few items that needed maintenance. After reviewing these items with the sellers, we all agreed to reduce the contract price to $91,700. Finally, after jumping through some final underwriting and technical loan issues, we closed on the property.
Congratulations to my buyers! They are moving to Ogden from a pioneer-era rock home located in Mendon, UT.
If you are thinking of purchasing a home, CONTACT ME, and lets find the home that is the right fit for you.
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