So we have all seen the mighty fall. However, there are a few area’s that have been hit extremely hard through this whole down turn. Then we come to Promontory a luxury development in Park City, UTAH.. This is where the who’s who of anybody has a second home. In the peak of the market people were buying lots for $1 million.
Here are some interesting articles to read about it all. My main reason for posting this, is we are seeing some unbelieveable deals up there. I have a lot that just came up, equivilant to the $1 million compareables a couple years ago.. Check this out
2106 Saddle Horn $109,000 In Promontory!!
This is crazy only $109,000 where your neighbor paid 1 million.. We are always getting people telling us they want a deal. Where here it is. And I promise you it will not get any better than this.
Ok, everyone.. I keep looking for affordable East side Duplex’s or investment properties in Salt Lake County.. Take a look at these. You can not get any cheaper. I am blown away that some of these rental properties here in the Utah Realestate market are so affordable..
MLS Number Type Status Price Address
931445 Duplex Active $85,000 509 E 16TH ST S, Ogden, Utah 84404
931814 Duplex Active $129,900 1034 19TH ST, Ogden, Utah 84401
930950 Duplex Active $139,000 256 S 500 E, Logan, Utah 84321
930668 Triplex Active $147,900 2747 S MADISON AVE, Ogden, Utah 84403
931770 Duplex Active $164,900 4401 S 700 E, Murray, Utah 84107
930893 Triplex Active $169,900 1428 S ROBERTA ST E, Salt Lake City, Utah 84115
932026 Duplex Active $174,900 663 E 4250 S, South Ogden, Utah 84403
932023 Duplex Active $184,900 1666 E 1250 S, Ogden, Utah 84404
931929 Fourplex Active $189,900 2515 S ADAMS AVE E, Ogden, Utah 84401
932029 Triplex Active $199,900 4001 JEFFERSON AVE, Ogden, Utah 84403
If you have any questions about any of these please let me know..
Thought you might like to know about a possible financing solution if you are looking at purchasing a home that needs work but you don’t have the cash out of pocket to complete. Take a look at this article and let us know if you have any questions. We closed one of these this year and are very familiar with it.
More good news. Thats always nice after a pleasant Christmas Holiday! Christmas in Utah was wonderful, I actually got 3 ski days in this year. The snow could be a little better, but hey I can’t complain. Now back to the daily grind of work. Well, at least this week we have New Years. So maybe that will give us another little break.
So here is another article proving our economy is not in the tanker just yet. So hope continues to prevail…
Here’s a good deal for you in Holladay on this duplex, it just got lowered to $199,900 from $219,000. I have been watching this since it was originally listed at $229K. There is one next door for $219K right now. I think this is a solid buy and would great for owner occupied. It does need work, but at this price you’ll have the money to do it. If you lived in the property yourself, did an FHA loan, and got a 5% rate, your principal and interest payment would be roughly $1,035. Then you rent out the one side for the $910 a month and now you’re talking a payment of $125/month for principal and interest. Add on taxes and mortgage insurance, and you’d still only be about $350 a month. You can’t rent for that cheap. As always, call us if you are interested. Enjoy.
Features & Info: / Dishwasher Built-In, Range-Oven Free Std / Garage Parking, Separate Power Meters, Separate Gas Meters, Joint Water Htrs, Laundry Hookup, See Remarks Inclusions: Range, Refrigerator
Remarks: Good cond, pergo floors in main area. Good rental history. Price reduced,good cash flow at this price! Fully fenced back yard, cul-de-sac. 4358 vac/keyboxed on meter by front door.On 4360 do not disturb tenants.
Information deemed reliable but not guaranteed. Buyer to verify all information.
I know, I can’t believe it is that time of year again.. But, none the less. It is time for the wonderful Sundance Film Festival once again in Park City UT. The link above will take you directly to the purchase tickets page. Make sure you hurry because as many of you know. Tickets for the Sundance Film Festival always go very quickly. Now, as a fan of this event I am really excited about some of the events that will be happening throughout Park City, UT. during the event.. So make sure you come up, and I am sure I will see you around..
Luxury Homes at it’s finest. This is the new Utah Realestate exclusive listings you will not want to miss. You will be impressed by some of the local homes in the Salt Lake Valley when you see the level of craftsmanship and luxury they are bringing to our Utah Realestate market. The Collections Magazine is going to be a quarterly magazine Sotheby’s International Real Estate will be printing, to highlight the luxury homes of our Great State. If you would like more information about how to get your home in the next issue please let me know..
Sales are now up 46 percent from the bottom in January, but down 10 percent from the peak more than four years ago. The inventory of unsold homes on the market fell about 1 percent to 3.5 million. Thats a healthy 6.5 month supply at the current sales pace, the lowest level in three years.
So I found this really interesting. Once again sometimes I get flack for posting anything some what positive about the Real Estate Market. I know doom and gloom. However, I think I am going to say no to all you nay sayers.. Let me tell you why. My business partner is all numbers. It has to make sense to him on a spreadsheet. If Excel doesn’t confirm his feeling, it is a no go.. However, he understand that sometimes you have to go with your gut. And my gut is telling me it is time to put the negative news behind us and look forward to all the good news that is going to come out. Now, I should throw out the caveat to all of you I am simply stating I think the world is still round. Tomorrow you all will wake up and go to work (assuming you have a job.. sorry if you don’t). And if you need groceries, you will go down to you local supermarket and buy it right off the shelves. And from the news, a lot of you are going to go down to you local movie theater and see the New Movie “Avatar”. And you all are going to do this because the world is over, and nobody has any money!
Or perhaps what I just said is true and we all realize life must go on. Utah Realestate is still selling strong. And will continue to get better in the affordable housing realm..
