I just closed with a client on the purchase of this property on Historic Jefferson Ave. in Ogden, Utah.
Located at 2633 Jefferson Ave. this home was constructed in 1890. The home is 2700 Square Feet and was subdivided into a triplex at one time. After the area was dedicated as a Historic District, the home was slated for consolidation. The roof failed on the home within the past 10 years and caused extensive damage throughout the building. Nevertheless, the property is situated in a very desirable location and has a lot of architectural appeal.
The home was originally listed for sale in April 2007 for $134,900. In November 2007 the price was reduce to $129,900. The listing expired in November 2008 and the property was relisted in July 2010 for $114,995. The listing expired again in October 2012 and the property was immediately relisted for $99,000. The property went under contract in April 2013 but the contract fell apart in August of that year and the listing expired shortly thereafter. The property was listed for the last time in January of 2014 for $88,700. My client began looking at the property this Spring and we submitted our offer at $72,500 to test the seller's motivation. The seller wanted to break even on the sale so countered back at $86,920. My client was eager to get going on the restoration project and accepted the counteroffer.
The project will be extensive and ongoing. Here is a video tour of the home in its present condition:
If you are interested in restoring a Victorian or Craftsman home in Ogden, or want to see what beautiful finished homes are available for sale, CONTACT ME, and let me show you what opportunities await.
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