RE-Weekly 02/24/17 by Skagit Publishing

RE-Weekly.com REAL ESTATE IN SKAGIT, ISLAND AND WHATCOM COUNTIES

INSIDE

This Issue This Issue

NOT IN MY HOMEOWNERSHIP SEEN AS A LITTLE BACKYARD LESS EXCITING P. 4 COME TAX DAY Q & A:P. 4 Ask Our

Q & A: ASK OUR Broker BROKER P. 8 P. 5

APPRAISAL SMART WAYS TO VALUES LAG USE A REVERSE MORTGAGE P. 9 P. 8 Classifieds FEATURE HOME:

SEE PAGE 3 FOR MORE

$759,900 360-661-1631

1573021

8428 GARDEN OF EDEN ROAD, SEDRO-WOOLLEY Wilma Louia, RE/MAX Territory NW

CLASSIFIEDS P. 10 -11 P. 10-11

A supplement to the Skagit Valley Herald and the Anacortes American

Feb.27 24- â&#x20AC;&#x201C;JUNE. Mar.2,2,2016 2017 MAR.

1573021

INSIDE

TABLE OF CONTENTS

PAGE

Not in my backyard..............................P. 4 Q & A: Ask our Broker...........................P. 8 Appraisal values lag.............................P. 9 Classifieds..................................... P. 10-11 PAGE

RE-Weekly.com SKAGIT PUBLISHING

All real estate advertised in Real Estate Weekly is subject to the Federal Fair Housing Act, which makes it illegal to advertise “any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation or discrimination.” We will not knowingly accept any advertising which is in violation of the law. All persons are hereby informed that

BURLINGTON

OPEN HOUSE SAT. FEB. 25TH 1-3PM

$289,900

Dir: East on Hwy 20 to S-W, then Left on F & S Grade Rd and Right on Garden of Eden and Left on Jones then Right on Garden of Eden. Property on left. Fantastic location. Nice flat usable 4.38 acres close to town. 2 BR, 1 BA, gas heat. Country kitchen with plenty of counter space. Dining area off kitchen with built in china hutch. New roof and furnace in 2016. Barn with 2 horse stalls. Other outbuildings and covered RV parking. MLS #1080660

Call 708-8800 Callelizabeth, ivana, 770-3550

527 s. 4th street, La Conner

$444,000

Dir.: South on Maple, West on Washington, South on 3rd, East on Benton, North on 4th. First time on market in over 118 years! Wonderful views. Parlor & formal dining room w/coved ceiling. Gourmet kitchen w/custom Hertco cabinets. Vertical grain fir floors. Douglas fir siding. MLS #1002150

OPEN HOUSE SUN. FEB. 26TH 1-3PM 200 23rd street, Mount vernon

$215,000

Dir.: From Laventure, East on Fulton, then South on 23rd. Great townhouse in Mount Vernon. End lot with private fenced yard. Property backs to a greenbelt and creek. 2 BR, 2.5 BA. Built in 2003. Don’t miss out! MLS #1070203

Call elizabeth, 708-8800

Callelizabeth, elizabeth, 708-8800 Call 708-8800

Burlington $299,999 Come build your dream house! Desirable location! 14 acres with a minimum of 5 acres zoned. Possibly two building sites. There are 2 parcels. MLS #1052491

Burlington $325,000 One of a kind valley view lot. 5-acre lot in secluded & upscale development. Build your dream home here. Panoramic views of the valley! MLS #1021573

Call Wilma, 661-1631

Call Charlie, 708-1415 or Jeannie, 708-9645

Wilma Louia Designated Broker/Owner 661-1631

Charlie & Jeannie Boon 708-9645

Jim Stransky 708-1681

Kirk Campbell 770-7470

Ron Van Pelt 333-1045

Elizabeth Detillion 708-8800

$395,000

Dir: From Morris Street, North on North 3rd. One of a kind property near La Conner Marina on half an acre. Outstanding location. Extra outside studio building & beautiful gardens. Huge private yard & terrific circle drive. Original molding. Lots of storage. 10’ ceilings. MLS #980149

sedro-Woolley

$54,900

Skagit River in Janicki Cove. Private gated community. Power, water and septic on property. 169 SF shed. Fruit trees. Private boat launch for residents. Recreational-temporary. MLS #1039184

Call elizabeth, 708-8800 Call Wilma, 661-1631

Looking for fuLL serviCe ProPerty ManageMent?

D AN TL N CA VA

G TIN LIS

OPEN HOUSE SUN. FEB. 26TH 1-3PM 540 n. 3rd street, La Conner

Call elizabeth, 708-8800

Burlington $299,000 Split level home in desirable location. 3 BR, 2 BA. New furnace. 2 fireplaces. Large deck. Newer roof & new exterior paint. MLS #1080530

www.SkagitValleyRealEstate.com

G TIN LIS

8814 garden of eden road, sedro-Woolley

W NE

2025 Riverside Drive, Suite D Mount Vernon, WA 98273 (360) 755-9596

Ivana Wood 770-3550

Mike Welling 540-1341

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Call today and let our experienced staff go to work for you!

360-755-5555 Debbie Benjamin 708-8780

Corinne Cartwright 202-2397

Laura Kaestner 441-5099

Jennifer Ohlsen 540-0717

Traci Erickson Property Manager 755-5555

1573019

W NE

publication. Unless otherwise noted, all photographs, artwork and ad designs printed are the sole property of Skagit Publishing and may not be duplicated or reprinted without express written permission. Skagit Publishing is not responsible for typographical or production errors or the accuracy of information provided by advertisers.

MOUNT VERNON

320 S Burlington Blvd Burlington, WA 98233 (360) 755-9494

Territory NW T

all dwellings advertised are available on an equal opportunity basis. For further information call HUD Toll Free at 1-800-669-9777. All Houses subject to prior changes without notice. Neither advertisers nor Skagit Publishing are responsible for any errors in the ad copy. Skagit Publishing reserves the right to refuse any advertising, which we deem unsuitable for our

February 24, 2017

FEATuRE HoME FRoM covER:

LAND TITLE AND ESCROW

8428 GARDEN OF EDEN ROAD, SEDRO-WOOLLEY

Local Professionals Serving our Community

111 E. George Hopper Rd Burlington Title: 360-707-2158 Escrow: 360-707-2312 1-800-869-7121

RE/MAX Territory NW 320 S. Burlington Blvd. Burlington, WA 360.755.9494 www.skagitvalleyrealestate.com

ltco.com

ICE

COUNTRY CLUB ESTATES…Excellent contemporary

style home with great mountain & valley views. 3 BD, 2.5 BA, great neighborhood! $399,500. #1079926

LY VE LO

5 ACRE VIEW LOT…On Bayview Ridge with

beautiful westerly views of farmland, islands & bay. Great neighborhood w/established homes, close to I-5. $325,000. #905050

CUSTOM BUILT HOME IN SKYRIDGE…4,802 sf, 3 BR,

3 1/4 BA one level fully finished daylight basement. Kitchen w/granite & stainless. Large corner lot w/fenced backyard. $525,000. #1024839

UT EA

YB WA

CONWAY EQUESTRIAN DELIGHT! One of a kind beautifully designed for luxury living! 2 master BD suites, 2 family rooms, chef’s kitchen, 5 Baths, breakfast room, 5 acres fenced & much more! $860,000. #978235 Kristen Tuttle Yvonne Brown Galen Kindred Holly Hilts

DING

February 24, 2017

this 3 BR, 2 BA rambler is just over 1,800 sf. Gorgeous master BR suite, 2 fireplaces, & huge deck that is perfect for entertaining. $423,950. #1074434 Jeff Ingman Shelah Inman Jodi Dynes Fritz Inman

IA RC

MT. VERNON HILL…Located on a large fully fenced lot

708-8392 840-4375 770-7083 661-5538

E P E SAL

VIE

YOUR PROPERTY FEATURED HERE.

OUTSTANDING BUILDING LOT...In Burlington zoned general commercial. Great site for clinic or any professional use. Lot is 164x210, sewer is stubbed in as well as water meter is in. $415,000. #791084.

202-2859 661-0145 333-7783 661-0147

Tim Reichert Ron Wortham Mary Jo Reitsma Travis Lohman

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391-5587 661-1500 770-6013 661-4533

Tod LeHecka Jan Scally Dale Owenby

333-1032 421-5160 913-8662

1573529

1550042

w w w. b r o w n m c m i l l e n . c o m • 235 W. Rio Vista Avenue, Burlington

TIN

1573022

Brown McMillen Real Estate

360.757.6013 800.869.7084 LIS

Wilma Louia 360-661-1631

Unique custom built, multi-level home on 1 acre. 5,000 SF home with radiant heat features formal living room, two dining rooms, parlor with gas fireplace, a library, and kitchen with high end appliances and pellet stove. There are 4 bedrooms and 3.75 baths with the opportunity to convert additional living space into more bedrooms. There is a detached garage with a home office above that has the potential to be a guest bedroom. MLS #1075960

3010 Commercial Ave Anacortes 1-800-870-8571 360-299-0565

Trusted Service for over 76 years

$759,900

‘Not In My Backyard!’ Versus ‘No Big Deal!’

Low-income housing likely won’t affect your property’s value – here’s why

any homeowners fret about affordable housing in their neck of the woods, worrying th3at new subsidized rental housing construction earmarked for low-income tenants will depreciate property values and gradually bring down the neighborhood. But a new report by Trulia indicates that those fears are unfounded and irrational. Trulia recently studied more than 3,000 low-income rental housing projects, from 1996 to 2006, funded through the Low-Income Housing Tax Credit (LIHTC) program administered by the U.S. Department of the Treasury and located within the country’s 20 least affordable markets. Only two of those markets – Boston and Cambridge, Mass. – experienced a negative pricing effect on homes near affordable housing projects; 17 other markets were not affected by low-income residential projects, and one market – Denver – actually showed an increase in values for properties located near low-income rental housing. “Given the prevailing narrative coming from those opposing affordable housing, we were surprised to find such resounding evidence that lowincome housing development did not have an effect on nearby home values,” says Cheryl Young, senior economist for Trulia in San Francisco. “While a number of academic studies have made similar arguments, we were excited to

use Trulia’s unique price data to bring these findings to a broader audience. In general, we found that the development of a project with below market-rate apartments simply isn’t enough to bring down local home values.” J. Keith Baker, program coordinator for Mortgage Banking & Financial Services and faculty member at North Lake College in Irving, Texas, says NIMBYs (local residents who hold fast to a “not in my back yard” attitude) often mistakenly worry that affordable housing will bring in more large families to their neighborhood, straining limited resources for schools and roads, providing less funding to the local tax base, and overloading the local property tax system. “In areas with lower levels of illegal immigrant populations, the U.S. Census Bureau has shown that rental apartments have fewer children per unit, on average, than owner-occupied units. Several state and city studies also reveal that multi-family housing developments did not increase school costs and that more affordable housing near jobs actually decreased the number of cars owned and miles driven compared to residents of market-rate homes,” Baker says. What’s more, “research has shown that the effective tax rate – property tax paid relative to the market value – for affordable housing family complexes is

significantly higher than for single-family homes and that affordable multi-family complexes more often generated a profit for local governments due to the greater efficiency in use of public services and infrastructure,” Baker adds. Anand Kannan, president of Irvine, Calif.-based Community Preservation Partners – an affordable housing rehabilitation company – agrees that NIMBYs often are misinformed on this issue. “There seems to be a hesitance in accepting low-income neighbors due to a fear of crime or drugs or some other public disruption,” Kannan says. “However, the reality is that affordable housing commonly attracts tenants who are working professionals, families and seniors. They want a nice place to live, raise a family, and give back to the community. And often, there is less resident turnover in affordable housing communities because residents do not move out due to cost issues, which allows them to build roots in the community and have a greater stake in contributing to it.” Kannan’s advice? “Homeowners should be openminded and introduce themselves to affordable housing residents – they might be surprised how much they have in common,” Kannan says. Serge Reda, adjunct professor

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of real estate at Fordham University Graduate School of Business in New York City, recommends that homeowners concerned about a low-income housing development being built near them should contact the project’s developer and learn more about what is planned: find out the facts, but avoid overreacting based on fears and assumptions. “Later, if you identify a credible problem linked to the affordable housing project, such as increased crime, take action, engage with your neighbors, and try to make the neighborhood a better place for everyone that positively contributes to it, regardless of income, race, or social background.” Likewise, if you are shopping for a home in a neighborhood where subsidized rental housing exists or is planned, try to factor every relevant criteria into your decision and avoid overvaluing any effect that affordable housing may have on the current or future worth of the home you are considering. “Prospective buyers should take the time to look not only for the right house, but the right neighborhood and the amenities that matter most to them – such as good school districts, walkable shops, and low crime,” Young says. “But they need not be overly concerned about a low-income housing project located nearby.”

February 24, 2017

Sandi riley

I AM A REALTOR®

And an active part of my community.

770-8670

NORTH HOMES REALTY INC. 41971 CAPE HORN DRIVE, CONCRETE

John L Scott Real Estate, Anacortes

Recipient of the NPSAR Monthly “I AM A REALTOR®” Award As the current President of the Kiwanis Sunrisers and before as a member, you can find Allen selling coupon books at The Market, and working tirelessly at the Kiwanis Christmas tree lots each December. He serves on the Anacortes Chamber of Commerce Board of Directors and he volunteers his time where needed, including serving on the Economic Development Committee. Allen also served on the Citizens Advisory Committee for the Anacortes High School, putting in countless hours towards the remodel of Anacortes High School and the completion of the new stadium. Outside of the organized efforts, he fills bags of food for the Salvation Army “A Simple Gesture” program, a non-profit volunteer driven organization with the goal of feeding the hungry in Anacortes. Besides having 5 grandchildren whom he would do anything for, Allen never passes kids selling lemonade, Girl Scouts, Campfire Girls, Boy Scouts or any kids selling anything without supporting their causes! You never know, sometimes the smallest gesture, can go the longest way. “I love my community, and I am a REALTOR®”

G TIN LIS

300 GIBSON STREET, SEDRO WOOLLEY ION ENT ATT

$208,900

S! VET

Sandi Riley 770-8670 2725 E. FIR ST. “PARK VILLAGE”, MOUNT VERNON $59,500 23 #1 IT UN

Allen Workman

W NE

$264,500

+ 55

SANDI R. 770-8670

*CUSTOM 3 BEDROOM, 2 BATH CEDAR RAMBLER W/WHEEL CHAIR RAMP *DEN/OFFICE, COVERED PORCH, HUGE 600+ S.F. GAR/SHOP W/1/2 BATH *MATURE LANDSCAPING & TALL EVERGREENS OFFER PRIVACY FROM ROAD

*GREAT LOCATION WALKING DISTANCE TO DOWNTOWN SHOPPING/SERVICES *NICE 3 BEDROOM, 2 BATH W/GAS HEAT, GAS RANGE IN SUNNY KITCHEN *LG. R.V. SIZE GARAGE/SHOP W/R.V. HOOKUP & DUMP, BIG CORNER LOT

* UPGRADED TO ALMOST “LIKE NEW” + BEST LOCATION ON THE POND! *NEW ROOF, NEW COVERED FRONT PORCH & POND VIEW BACK DECK *NEW FLOORS, GAS STOVE, 2 BD., 1.75 BA., FAMILY RM. + BONUS RM. ADDITION!

1707 N. 33RD. PLACE, MOUNT VERNON

5416 EMERALD COURT, MOUNT VERNON

1615 E. HIGHLAND AVE. MOUNT VERNON

$222,000

$317,900

DING

SOL

PEN

$317,900

SANDI R. 770-8670

SANDI SANDI R. R. 770-8670 770-8670

*CLOSE TO SKAGIT VALLEY COLLEGE & ALL SERVICES, BIG CORNER LOT *3 BEDROOMS, 2 BA., GAS HEAT, CENTRAL “VAC” SYSTEM *HIGH OVERHEAD CARPORT FOR R.V.’S, 2 OUTBUILDINGS & MORE

*QUIET DEAD END CUL DE SAC W/WOODED GREENBELT BEHIND *4 BEDROOMS, 2.5 BA., WITH DEN/OFFICE, GAS HEAT & 2 GAS FPL. *OVER 2300 SQ. FT., DOUBLE GARAGE, PRICED TO SELL!

*”TIMELESS TRADITIONAL” STYLING & APPEAL, UPDATED BEAUTY *4 BEDROOMS, 2.5 BATHS, OPEN/SUNNY KITCHEN & ATTACHED FAMILY RM. *GAS HEAT, DOUBLE GARAGE, LG. DECK, QUIET ST. NEAR ALL SERVICES

1700 FOWLER ST, MOUNT VERNON

10128 132ND. ST. N.E., ARLINGTON

905 35TH STREET, ANACORTES

$259,500

SOL

Allen Workman

$259,500

SOL

$439,500

SOL

North Puget Sound Association of REALTORS®

SANDI R. 770-8670

Mission Statement: North Puget Sound Association of REALTORS® advocates for REALTORS® and their clients and promotes the protection of property rights.

*SOLID “50’S” STYLE RAMBLER W/VINYL SIDING, GAS HEAT *3 BEDROOMS, OPEN PLAN W/LG. PICTURE WINDOWS W/VIEWS OF BAY & MT. BAKER *HARDWOOD FLRS. UNDER CARPET, BIG YARD, CLOSE TO DOWN TOWN!

*SOLID CEDAR & BRICK RAMBLER NEAR HILLCREST PARK & SCHOOLS *3 BEDROOMS, 2 BATHS, OPEN FAMILY RM./KITCHEN W/SLIDER TO BIG “TREX” DECK *PRIVATE BACK YD., HUGE DOUBLE GARAGE, CLOSE TO HOSPITAL!

*PARK LIKE 9.95 ACRE SETTING W/GORGEOUS MATURE LANDSCAPING *RUSTIC CHARM W/CUSTOM CEDAR HOME, CLOSE TO HWY #9, SMOKEY POINT SERVICES *4 BED., 2+ BATHS, LG. FAMILY RM., “FIXER SHOP”, POTENTIAL PLUS!!

525 E College Way, Suite J • Mount Vernon, WA 98273 • 360-416-4902

1584497

February 24, 2017

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www.WindermereSkagit.com RESIDENTIAL 2021 Laventure Rd #104, MV $145,000 Deer Runn ground level condominium! Large open floor plan with a real wood burning fireplace. 2 bedrooms, 2 full baths, 1,406 SF. Nice private patio. Assigned storage unit. Great location! Call Geri Cole, 391-1614 MLS# 1081033 NE

1412 Digby Place, MV $297,500 Immaculate 1600 SF condo with sweeping views. Windows allow natural ample lighting. Open living/ dining/kitchen areas. Upgrades include stainless steel appliances, paint, & carpet. 2 master suites, hardwood floors, granite counters, walk-in pantry, closets w/Calif. closet interiors & a gas fireplace w/slate surround. Enjoy a private outdoor patio for relaxing. Call Warren Bingham, 770-2421 MLS# 1079888 49 Willow Lane, MV $298,500 Hard to find triplex in good rental location. Walking distance to restaurants, groceries, etc. Additional income is from coin operated laundry located on site. Parking for several cars located at street frontage. Call Dave Patterson, 708-5030 MLS# 1005746

118 Hazel Ave, Burl $238,000 Great home near Burlington High School. Updated features include painting, flooring, carpet, bathroom, & more. Zoning is medium residential/neighborhoodbusiness. There is potential for many allowed uses as a residence, rental, or business. Has a storage shed & large patio area, partially fenced for privacy. Extra finished room with closet rack. Natural gas stubbed to property. Call Warren Bingham, 770-2421 MLS# 1079484 NE

19898 Hill Ct, Burl $269,000 Don’t miss this one! Huge 1/3-acre level lot w/fenced yard & tons of sun exposure. Move-in ready 3 beds/2.25 bathroom home w/fresh paint, updated bathroom, vinyl windows, & newer floors in living area. Master bedroom w/attached bathroom. Bonus .5 bath in the laundry room. Slider from family room to big deck & fantastic yard. Attached 2 car garage w/built-in storage & workbench. Great cul-de-sac location is close to town, but has a quiet country feel. Out of flood zone. Call Spencer Roozen, 708-0634 or Megan O’Bryan, 708-5817 MLS# 1079431

16708 Britt Rd, MV 1,100,000 Boxwood Farm is that rare combination of stately home & small acreage farm. Privately situated on fertile Skagit farmland, w/options for agricultural &/or equestrian pursuits. Horse-ready w/paddock, fencing, loafing shed, great barn. 240 SF greenhouse. The lovely, fully-updated Williamsburg Colonial is warm, welcoming & centers on a gourmet kitchen & sunny great room. A gracious home, designed for both comfortable daily living & expansive entertaining options. Call Megan O’Bryan, 708-5817 MLS# 924351

VACANT LAND

5324 Cedar Ridge Place, SW $475,000 Custom home with amazing views. 3 beds, 2.75 baths, 2,636 SF. Over-sized deck to sit & relax. Loft area upstairs makes a perfect guest room, play area, or office space. Raised beds for gardening plus peach, apple, pear, cherry & plum trees. Blueberries, Marion, Tayberries & gooseberries, plus a garden shed. Call Becky Elde, 770-9427 MLS# 1073148

18399 Majestic Ridge Ln, MV $155,000 Fantastic views of Big Lake on this acre plus parcel. Easy to build on as it has a paved street to the property line, water, sewer, & electricity in the street. CC&R’s require at least 2000 sq. ft home be built on this lot. Call Becky Elde, 770-9427 MLS# 921182

19551 Burkland Rd, MV $490,000 Rare 30 acres of Skagit Valley farm land for sale with approx. 1670 SF, 3 bed, 2 bath home on property. Sits in the heart of Skagit valley & offers premium soil in a beautiful location. Located in the highly sought after Conway School District. Call Jim Koetje, 202-2500 MLS# 1044964

Valentine Road, MV $225,000 Secluded 14.37 acres with a grove of trees at the back. PUD water & Power at the street. Short card allowed for 2 building sites; 1 acre each. Property is in open space. Beautiful private area to build your dream home on. Call Becky Elde, 770-9427 MLS# 1057736

22622 N Starbird Rd, MV $575,000 Desirable Conway location. Gorgeous water views, 5 bed 2800+ SF home, & monitor barn/shop all on 6+ acres. This custom home features hardwoods, SS appliances, river rock FP, double master, formal DR, & tons of storage. Barn w/roll up doors on either end for pass thru, & loft w/winch, asphalt driveway, outdoor fire pit, patio & deck. Equestrian potential. Call Jamie Yantis, 540-5264 MLS# 1041825

Downey Road, La Conner $325,000 Rare 19.66 acres north of La Conner with lot certification. Enjoy the views of Mt. Baker & the Cascades from your new home & lease the balance out to a local farmer. This is a rare opportunity to own less than 40 acres in the ag zone with a building right. Call Jim or Balisa Koetje, 421-4111 MLS# 886835

9674 Samish Island Rd $699,990 Incredible property! 157 ft of medium bank waterfront. Almost an acre & it includes a darling duplex. Each unit is 1 bed, 1 bath. They have a nice shared laundry room with storage for each unit. Views from the property are amazing. Call Sarah Minton, 770-3076 MLS# 804056

5293 Island View Way, Bow $385,000 View Samish Bay, Padilla Bay, islands, brilliant sunsets & picturesque farmlands from this 5 acre building lot. Quick access to I-5 & Chuckanut Drive for any easy commute north or south. Located in a neighborhood of newer homes. Includes a drilled well. Last available 5 acre lot. Call Warren Bingham, 770-2421 MLS# 812976

Skagit Valley • 1030 E College Way • Mount Vernon • (360) 424-4901 April Axthelm Balisa Koetje Becky Elde Bette Thompson Bill Krieger Brett Johnson Cory Keihn Dave Patterson

360-661-4947 360-421-4111 360-770-9427 360-840-5109 360-421-4446 360-661-3825 360-441-1760 360-708-5030

David Mani Dawn Hardman Deborah McNeal Dick Nord Don Neill Donna Rowell Elizabeth Miller

425-319-7091 360-540-0058 360-707-8073 360-661-6529 360-420-4444 360-708-7984 360-420-3607

George Bellos Geri Cole Harry Ota Hollie Del Vecchio Jake Koetje Jamie Yantis Jim Glackin

360-708-9762 360-391-1614 360-708-3500 360-525-5538 360-466-8045 360-540-5264 360-428-2828

Jim Koetje Karen Beckner Karen Peirolo Karine Anderson Leah Hines Linda Eastman Megan O’Bryan

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360-202-2500 360-840-9455 360-348-0480 360-421-1189 360-428-3012 360-202-4075 360-708-5817

You know Windermere sells ho lots of houses. Well, we also se of commercial property, and w sell a lot more with another sm hardworking commercial broke you’re serious about your real career, and understand comme real estate is different from res call us for more information. ww

North Cascades • 520 Cook Road Nathan Loeb Nicole Ganske Rita Ingram Sarah Minton Shawn Danley Shelby Hagman Shelly Hanson Spencer Roozen

360-333-7197 360-941-8999 360-708-8338 360-770-3076 360-488-3858 360-982-0163 360-420-2565 360-708-0634

Tahlia Honea Tasha Zahlis Terri Heyntsen Tessa Jarvis Tiffany Danley Travis Miller Warren Bingham

360-333-5815 360-391-5075 360-391-0938 360-503-1939 360-298-4857 360-420-7291 360-770-2421

February 24, 2017

www.AnacortesRealEstate.com RESIDENTIAL NE

1917 38th St, Anacortes $345,000 Large fenced lot, wonderful neighborhood, Mt Baker views. Solid 3 bedroom home, fresh paint, lovely hardwood flooring, granite countertops, granite surround gas fireplace. Third bedroom can also be used as a family or bonus room. New paint. One car garage & outbuilding for additional storage. Cheryl Frazier 360.202.4789 MLS# 1080538 NE

2203 23rd St, Anacortes $310,000 Fabulous opportunity in this charming home in a desirable location! This 2 bed 1 bath home features views of Mount Baker and the surrounding areas. Home has a large detached garage and shop with an additional outbuilding. Subdivide of property possible with boundary line adjustment for an additional build-able lot. (buyer to confirm with city) Great potential to build some sweat equity. Paul Weisz 360.391.7281 MLS# 1077806 W NE

ww.SkagitCountyCommercial.com

d • Sedro-Woolley • (360) 856-4901 Bill Robillard Bob Hyde Carla Keel Caroline Baumann Catherine Mers Christine Cleland-McGrath Cheryl Frazier Colleen Craig

February 24, 2017

360-770-4707 360-661-0756 360-770-0743 360-202-7327 360-982-6831 360-708-0267 360-202-4789 360-770-9638

4109 R Ave, Anacortes $425,000 Top of the town 2,465 sq ft hm w/ 3 bdrms & 3 bths nestled in a great neighborhood overlooking the city. Main level living, Spacious master suite and hardwood floors throughout LR, dining & kitchen. Lower level offers new gas frplc, family room, 2 bdrms & laundry/storage. Mature landscaping gives a sense of privacy inside & out on your choice of 2 decks. Great outdoor space to enjoy entertaining, tend to vegetable garden & fruit trees. Wonderful location close to town, schools, parks & trails. Debbie Macy 360.391.2422 MLS# 1079292 4110 152nd St SW, Lynnwood $325,000 Investors!! The current zoning of this property is R-8, The comp plan however would allow a rezone to MR (multi-family residential) Under current zoning th R-8400 would allow for 3 lots on this property. Could possible put up to 11 units with rezone. Buyer to verify. Value in the land! Rebecca Chamberlain 360.421.5021 MLS# 928927 NE

2319 Hickory Dr, Anacortes $799,000 Poised against the lush forestland, this lovely Parkside home has designer touches throughout and a flawless floor plan. Formal dining and living rooms are countered by warm and inviting casual spaces. Oversize kitchen w/huge island overlooks private backyard, perfect for entertaining or peaceful nature watching. Elegant master suite and an additional 3 bedrooms, 2.75 baths. 3 car garage/shop space. King sized lot is perched higher up for stunning territorial views and privacy. Colleen Craig 360.770.9638 MLS# 1076993

7872 West Shore Dr, Guemes Isl $564,000 This is island country living at it’s best! A wonderful remodeled 2772 SF, 3 BD, 2 BA home on 2.92 acres. Large chef’s kitchen with lots of cabinets. Great room with access to a large deck for entertaining. Family/game room. Master suite with master bath. The 1016 SF upstairs can be used for storage or is ready for finishing for more living area. Landscaped grounds near the house and a beautiful pasture beyond. Close to beaches and views in the winter of the Guemes Channel. Margi Houghton 360.202.0041 MLS# 1076222

LAND

! NE

4924 Sharpe Rd, Anacortes $549,000 Contemporary farmhouse nestled on private shy 2 Acs & perched above Campbell Lake. Views of mountains & lake to the east. Peek a boo view of salt water to the NW. Open floor plan with fire-lit Great Room/Kitchen/Dining. Half Bath & Laundry off Kitchen. 2 BR’s upstairs with full Bath. Master BR has sitting area & loft space. 400 SF Guest House/Studio adjacent to home. Very private setting with lots of garden space, orchard and yard. Recently built Sauna for R&R. Private & peaceful property. Leigh Zwicker 360.333.9975 MLS# 1071528

2305 Baron Pl, Anacortes $50,000 Affordable, cleared, level lot in Anacortes. All utilities in the street. Division 6 of Skyline is for mobile and manufactured homes. Skyline amenities include Tugboat park, Skyline park, club house, beach cabana, and tennis courts. Close to Washington Park and Skyline Marina. Margi Houghton 360.202.0041 MLS# 1079742

Anacortes • 3018 Commercial Ave • Anacortes • (360) 293-8008 Cynthia Aanestad Debbie Macy Donna Cunningham Gina Davis Jack Dixon Jackie Stone Jeannine Reinig Jessica Notaro

360-610-0120 360-391-2422 770-335-7513 360-708-7794 360-941-5000 360-661-2247 360-724-8555 360-202-1441

Joan Handelmann John Prosser Judy Moore Kathy Rogers Kristi Gabrielse Kim Wilson Leigh Zwicker Linda Macy

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360-202-4800 360-202-3891 360-770-3515 360-941-4400 360-420-3119 360-333-2490 360-333-9975 360-708-8284

Margi Houghton Nate Scott Paul Weisz Rebecca Chamberlain Rick Bennett Rob Skelton Sarah Jones Tracy Peterson-Foy

360-202-0041 360-708-2354 360-391-7281 360-421-5021 360-202-2630 360-488-3776 360-333-2783 360-708-1833

1573487

ousesell a lot we could mart, er. If estate ercial sidential,

Bad Close Question:

I went to a closing recently and it was a miserable experience. I expected a 3.5 percent rate but wound up with 4 percent. The lender asked for the same paperwork two and three times. I did not seem to get any benefit from a credit score that was well above 800. Lastly, my mortgage was sold to a major lender I greatly dislike. How can I do better with my next home purchase?

Answer:

Some of the problems you describe are actually resolvable, but some are not. Let’s take a look: First, your interest rate rose because it was not locked in. Unfortunately it appears you applied for a mortgage during the first major interest rate hike in years. The rate for fixed-rate 30-year prime loans went from 3.42 percent on

September 22nd to 4.30 percent on December 22nd according to Freddie Mac. That’s a relatively huge increase in a short period. Second, lenders asking for the same paperwork several times seems to come up with some frequency. My guess is lenders are checking and rechecking to avoid errors and the possible financial penalties mistakes can generate. Laurie Goodman with the Urban Institute explains that, “Only the best borrowers are getting loans today and these loans are so thoroughly scrubbed and cleaned before they’re made that hardly any of them end up going into default.” Third, your credit standing was a huge benefit, a part of the reason you paid 4 percent for mortgage financing and not something higher. For instance, a score below 760 , which itself is a very good score, might raise your rate by .25 percent. Lastly, your loan was sold and you dislike your new mortgage servicer. The good news is this: The new lender cannot change any terms of the mortgage agreement. Moreover, it’s very possible your loan will be sold and re-sold several times

Q& A

ASK OUR BROKER By Peter G. Miller

during the life of the mortgage, so perhaps it will end up in the portfolio of a lender more to your liking. In each case the mortgage is an asset owned by a lender. The lender can keep the loan or sell it to raise new capital. Loan sales are deals between mortgage owners and mortgage buyers – borrowers are bystanders. As a borrower you have a number of protections, which require the new mortgage owner to meet certain standards in terms of when to credit your payment, maintaining an escrow account, etc. The next time you buy a home, consider locking-in rates if you think interest rates will rise and keep copies of all the documents sent to the mortgage processor – just in case they ask for them more than once.

NOW COULD BE THE TIME TO SELL A NEW HOME AND EARN A SLICE OF THE REAL ESTATE PIE IN PRINT AND ONLINE Record-low interest rates and record-low housing prices are renewing interest in the floundering housing market for many people. “When sellers are interviewing real estate agents to market their homes, their primary focus is usually on the advertising that the agent will offer them,” says Jessica Goodbody of Weichert Realtors. Let us help you meet your marketing goals by advertising your listings in print and online with RE-Weekly.com.

CALL OR EMAIL TODAY! 360.416.2180 • ads@skagitads.com

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February 24, 2017

Appraisal Values Lag February 24, 2017

Newly released study shows home appraisal values are lagging behind owner estimates

or the second month in a row, homeowners found a gap between their estimates for their homes’ value and appraiser’s opinions. Numbers from Quicken Loans’ National Home Price Perception Index showed average appraisals were 1.47 percent lower than homeowner estimates in January. Even though the overall values dropped, different regions of the country experienced variations. In western cities, many appraisals actually were higher than expected. For example, Denver appraisers valued homes 2.98 percent higher than homeowner estimates. Eastern cities, on the other hand, saw many homeowners overestimating their homes worth. In Philadelphia, appraisals were 2.94 percent below expectations. “Having a good understanding of the conditions in their local housing market can be a valuable tool for consumers as they prepare for the home buying or mortgage process,” says Bob Walters, chief economist, Quicken Loans. “Accurate expectations at the onset of the mortgage process not only makes it smoother, but can prevent unexpected

changes in the amount of funds to bring to the closing table if the appraised value comes in lower than initially estimated.” While the gap between homeowner expectations and appraised value did widen, the appraisal values themselves stayed mostly flat in January, dropping only 0.34 percent from the previous month’s value. When viewed year-over-year, however, home appraisals continue to rise, and have increased 3.93 percent over the same time last year. The same regional variations could be observed in the average appraisal values. Northeast values dropped the most month over month, while homes in the West saw larger growth. The Midwest sat in the middle. “Tight inventory has been a key contributing factor to the year-over-year growth in home values,” Walters says. “This steady growth could very well lead to more availability, driving homeowners to consider cashing in on their growing equity by putting their home on the market. When this happens, it will open up new opportunities for eager buyers.”

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2009 wOODRiDGE AVENUE, MOUNT VERNON

Custom, 3 bed/1.75 bath beautifully appointed 1,600+ sq.ft. home featuring, ceramic tile backsplash in kitchen, tile floors in entry and bath; vaulted ceilings, skylights, hardwoods and walk-in closet. Fully fenced and walk-in closet. Fully fenced yard offers covered deck, garden space and fruit trees. Garage with 200 amp service, extra storage and work bench. Danya Wolf MLS#1073807

ICE

R WP

$368,500 63 willOw lANE, MOUNT VERNON CE

RI WP

$250,000 Permit-able for inhome business. Roomy, 1,700 sq. ft. 3 bedroom, 1 3/4 bath 1 1/2 story home on spacious 1/3 acre lot in convenient location. Updated interior, country kitchen, charm of yesteryear. Easy access to everything! Shopping, schools, bus line and medical. Zoned for possible in-home business. Plenty of parking, including for RV. Nicely fenced back yard with fruit tree and other trees. MLS #1008048

Danya Wolf

360-708-8294

23786 kAMlOOp cT., MOUNT VERNON

$150,000

Large lot in Nookachamp Hills Community. Beautiful country setting overlooks a private lake for you to enjoy. Less than 10 minute drive to the city of Mount Vernon. All utilities are stubbed to the lot. Yolanda Sakuma 360-421-0435 MLS #1059504

13813 STATE ROUTE 9, MOUNT VERNON (5 AcRES)

$239,000

Beautiful view property, ready for you to build your dream home. PUD water, power and 3 bedroom septic surrounded by a circular driveway or continue on to another wonderful building site - cleared, level, and with spectacular mountain view! New gravel road is partially paved. Good access from Highway 9 for easy driving i n t o property. I-5 minutes a w a y. Watch for Carla Fischer Celia Miller signage. 360-982-0010 360-391-6065

1802 BAkERViEw cT, MOUNT VERNON

lOT 18 TRilliUM lANE, cONcRETE

Lovely future building site requisite on using water catchment system to obtain building permit. Power to the property. Nicely treed level tract of land with open area ready for building in the future. Paved street. Walking distance to Rasar State Park! MLS #1080761

$39,000

Danya Wolf

360-708-8294

1804 BAkERViEw cT, MOUNT VERNON 98274

$165,000

Mount Baker view from one of the premier large lots (10972 Sq. Ft) in beautiful peaceful Eaglemont! 18 hole championship Golf Course & large Clubhouse with full service restaurant and incredible views, plus gym facilities! Builder/Owner will build for you or Elva Hunter bring your own plan! All utilities are in 360-202-3086 and ready for you to build. Complete set of plans for a beautiful home on this lot is negotiable. Builder completed 1806 and 1808 Bakerview Ct. MLS#848246

$122,000

EaglEmoNt Attractive, large lot in beautiful Eaglemont Golf Course community, close to brand new 20,000+ SF clubhouse, dining and full fitness facilities. Complete plans for a beautiful home on this lot are negotiable. MLS #475295

John Hunter

360-202-3854

1238 TOlEDO ST, BElliNGhAM

$359,950 Partial bay and city view. 4 bedrooms, 2 full bathrooms. Master bath has walkin handicap tub and extra vanity, tile floor at bath and kitchen, stainless appliances, dishwasher, range, refrigerator, washer and dryer stay with house. Gas fireplace, Oak floors, 2 large decks, storage building at back of house. Located near schools, event locations and shopping. Joan Boudreau MLS #1040211

360-391-0746

17714 kiNGFiShER cOVE lANE, BiG lAkE

$950,000

Waterfront home with 75 ft of lake frontage with private dock! Custom Spanish Style home w/ sweeping staircase up to luxurious master suite. Kitchen with granite and sub-zero refrigerator; radiant heat; skylights; vaulted ceilings; surround sound; built in vac; rec room and bonus/storage room. Fantastic views from choice of 3 decks!. MLS#1007986

Danya Wolf

Carla Fischer

360-708-8294 360-982-0010 Danya Wolf 360.708.8294 Suzanne Jenkins 360.941.2983 Brett Tacker 360.840.7931 Sandy Everett 360.202.3706 JoAnn Boudreau 360.391.0746 Celia Miller 360.391.6065 Donna Kurras 360.770.7596 Elva Hunter 360.202.3086 John Hunter 360.202.3854 Russ Lanker 360.708.1117 Shirley Bertholf 360.840.1863 Carla Fischer 360.982.0010 Yolanda Sakuma 360.421.0435 Patricia Box 360.941.9186

3780 E. College Way, Mount Vernon

360.424.0300

www.skagittraditionrealty.com 12

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February 24, 2017