Real Estate Weekly | May 1, 2015

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

INSIDE RE-Weekly This Issue

Q & A: ASK OUR BROKER P. 3

LOW SUPPLY + HIGH DEMAND = HIGH PRICES P. 4

Your Opportunity to Start Your Own B&B! FEATURE HOME: 40418 Pioneer Lane, Concrete Shelah Inman, Brown McMillen Real Estate

RealEstate weekly

SEE PAGE 5 FOR MORE

$585,000 (360) 661-0145

A supplement to the Skagit Valley Herald and the Anacortes American

NEGATIVE EQUITY: THE UNBALANCED EQUATION P. 8

CLASSIFIEDS P. 1011

MAY 1 - 7, 2015

Re-Weekly content sponsored by: Heritage Bank

TABLE OF CONTENTS Q & A: Ask Our Broker

P. 3

Low Supply + High Demand = High Prices

P. 4

Negative Equity: The Unbalanced Equation

P. 8

PAGE

8

Classifieds P. 10-11

RE-Weekly.com SKAGIT PUBLISHING

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Territory NW

Go to our website for a quick and easy way to search all listings!

320 S Burlington Blvd • Burlington www.SkagitValleyRealEstate.com (360) 755-9494 • (800) 775-0153

D CE DU RE

W NE

Mount Vernon $122,000 Unobstructed South-Southwest views of Olympic Mtns, Skagit Bay & farmlands. East side borders Little Mtn. Park. Property ready for building permit.

All utilities paid for & installed to building site. Approved 3 BR septic. MLS #743621 Call Wilma, 661-1631

Stanwood $175,000 Great privacy on 40 acres. West of I-5 in very northern part of Snohomish County. 2 potential building sites. Trails, large pond, private entrance.

Great deal! MLS #773099 Call Kirk, 770-7470

D CE DU RE

W NE

Burlington $299,950 Desirable Bayhill neighborhood home. 3 BR, 2.5 BA, nearly 2000 SF. Spacious kitchen open to family rm.

French doors lead to 18 x 26 deck. Upstairs master w/walk in closet & pvt 5 pc bath. Lg. fully fenced, RV parking. MLS #770454 Call Ron, 333-1045

Wilma Louia Designated Broker/Owner 661-1631

2

Concrete $179,950 Fabulous 3 BR, 2 BA home on double lot. Fantastic shop w/possibility of mother-in-law apartment upstairs. Bright & sunny yard has multiple decks, garden area & view. Updated kitchen. Well priced opportunity! MLS #754822 Call Elizabeth, 708-8800

Charlie & Jeannie Boon 708-9645

Jim Stransky 708-1681

Stanwood $539,00 Lovely home on 5 acres. Private setting. Fully fenced for animals. Gourmet kitchen with Italian gas range, granite counters & stainless appliances.

Master suite with pvt deck, Jacuzzi tub & more.

Main floor boasts an open great rm. w/fp. Abundant storage throughout. Oversized 2 car garage + detached workshop. MLS #743753 Call Debbie, 708-8780

Kirk Campbell 770-7470

Ron Van Pelt 333-1045

Elizabeth Detillion 708-8800

Ivana Wood 770-3550

G TIN LIS

Mount Vernon $245,000 Welcome home! Many original features. Hardwood floors, arched doors, etc. Lots of built-ins to add character to this home. 2 BR, 1.5 BA, possibility for a 3 BR. Gas heat supplemented w/wood fp. New roof in 2014. Workshop & lots of storage & shelving in basement. Private backyard. MLS #775438 Call Ivana, 770-3550

Sedro-Woolley $249,900 Beautiful inside & out! Well cared for home on large .23 acre lot. 3 BR, 2 BA. Updated vinyl windows, ceramic tile floors. Lg. dining rm. & kitchen w/eating bar. Many mature plants & flowers. Garden shed & Pergola are all part of this backyard paradise. Don’t miss this one! MLS #770516 Call Mike, 540-1341

Burlington $799,000 3-story, 4500+ SF home w/4BR, 3.5BA. 1.3 acres w/unobstructed views. Imported tile flooring, kitchen w/granite. Bonus rm. w/wet bar, office & storage rm. Att. 2300 SF garage w/2-14ft. doors.

Detached carport & storage bldg. 2 trex decks & lg. patio. MLS #686783 Call Wilma, 661-1631

Bow $975,000 Remarkable, estate setting on beautiful Samish Island. Enjoy a very private waterfront. Amazing views of the bay & islands. Gorgeous sun deck.

Chemical-free pool. MLS #757076 Call Kenny, 982-3400

G TIN LIS

Burlington $589,000 Beautiful Burl. Hill Home. 4260 SF, 3 BR + office + sun rm, 2 ½ baths. Brazilian Oak floors, Travertine & Granite. Walk-in pantry, Gas FP in liv. rm. Huge finished 608 SF shop. 2 car gar. + 45’ x 18’ attached RV garage. MLS #776235 Call Charlie, 708-1415 or Jeannie, 708-9645

Mike Welling 540-1341

Debbie Benjamin 708-8780

Corinne Cartwright 202-2397

RE-Weekly.com

Maggie deSouza 610-8413

Ayla Contois 610-1652

Kenny Sides 982-3400

Shelley Sides 472-1873

Jennifer Baker 220-1526

Steph Vervaart Property Mgmt Assistant

Traci Erickson Property Manager 755-5555

May 1, 2015

ARE ARMS NOW THE BEST LOAN OPTION?

increase is worth the savings.

According to Ellie Mae, in January ARMs represented just 5.1 percent of all loan originations, not evidence of much support for adjustable products. That said, there are three reasons why it might make sense to consider ARMs: 1. The lower monthly cost for principal and interest We know that mortgage rates are low today, so means that borrowers may be able to qualify more doesn’t it make sense to get an adjustable-rate easily or borrow more. Lenders who offer qualified mortgage at this time and lock in ridiculously mortgages generally want borrowers to allocate not depressed rates for the next few years? more than 43 percent of their gross monthly income for recurring debts, so it follows that lower mortgage costs make it easier to qualify for financing.

2. ARMs come in various shapes and sizes. You can As this is written, the latest weekly rates from get a 1-year ARM or even a 10-year ARM. The idea is Freddie Mac show that 30-year fixed rate loans are available at 3.8 percent, while a 5/1 ARM – a loan with that the initial rate is locked in for a set period. The a fixed rate for five years and then annual rate changes longer the initial fixed term the smaller the discount when compared with a fixed-rate product.

– is priced at 2.99 percent. In practical terms, if you In our example we used a five-year ARM. According borrow $150,000, the monthly cost for principal and to Freddie Mac the typical loan is now refinanced after interest will be $698.94 for the fixed-rate mortgage 6.8 years. This is a figure that moves up and down, and $631.60 during the first five years for the ARM. but it suggests that someone with a five-year ARM The difference between the two loans is $67.34, for a total of $4,040.20 over five years. What happens after might not have much rate-hike risk because the loan will likely be refinanced or paid off with the sale of five years is anyone’s guess; ARM rates could rise or fall. The question is whether the risk of a potential rate the house in the two years after a 5/1 ARM adjusts.

Q&A

ASK OUR BROKER

By Peter G. Miller

Question:

Answer:

360.757.6013 800.869.7084

ROOM FOR HORSES..charming 3 bedroom home recently updated, located in a beautiful country setting w/ fruit trees in sunny Day Creek 3 acres of fully fenced pasture, shop bldg.. $279,500. #753657 SEED PROCESSING FACILITY..located on a level site near La Conner. Operating plant with 15,780 SF,buildings & equipment. $1,200,000. #757180 BEST PRICE IN TOWN..2 building lots in Mount Vernon, price just reduced, nice setting w/big cedar trees. #731632 $63,600 ROOM TO ROAM..gorgeous 3 Br., 2.75 Ba.,home on appx. 5 ac. 3 stall barn, over 3700 sf ft. interior w/many upgrades, new floor coverings, loft/library, rec. rm., a must see. $459,000. #767537

Jodi Dynes Terri Heyntsen Holly Hilts

May 1, 2015

333-7783 391-0938 661-5538

Alternatively, if your goal is to get a loan at today’s rates and keep the financing in place for many years then an ARM may not be desirable.

3. In our look at monthly costs we saw that the ARM borrower had clear monthly savings, at least for the first five years of the loan term. However, with a loan that can be prepaid in whole or in part without penalty – and that includes virtually all qualified mortgages originated today – there’s no reason that a borrower cannot not make monthly ARM prepayments (say the $67.34 per month in our example) so that when the mortgage rate does reset there will be less principal outstanding and, thus, less impact if rates should go higher.

As always, mortgage financing should be guided by one core principle: Do what’s in your best interest, and makes you feel most comfortable. For details and specifics, speak with local lenders.

Brown McMillen Real Estate

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

MV HILL,OVER 1/2 ACRE..and Duplex, room for another is over 5 ac,. is located close to hospital up Mt Vernon hill, Medical type businesses surround the property. $349,500. #760295 20 ACRES WITH VIEW.. Fronting on a gravel road with water & electricity available, bargain priced $79,500. #600682 STANWOOD CAMPSITE..3 aces in Stanwood, Nicely wooded with a stream running through it. $29,500. #688959 ONE ACRE, MT. VERNON CITY LIMITS..nice 2 Br. private setting, has basic construction, wood burning f/place insert.Metal roof,lots of parking. #762677 $159,500.

BURLINGTON PROFESSIONAL BLDG…1579 sf bldg in great Burlington location. Currently a dental office, great layout for variety of businesses. Adjoining lot also available. $90,000. #733399

Tim Reichert Jeff Ingman Shelah Inman

391-5587 202-2859 661-0145

SAMISH ISLAND..no ferry one level w/over 2700 sf. Private setting, lots of skylights, living rm w/fireplace, family rm w/ gas stove. 3 Br, 1 3/4 Ba & dble garage. $329,950. #773960 COMMERCIAL SITE..in excellent Mount Vernon location, paved street w/all utilities available and drainage installed. $437,000 #676549 BUILDING LOT..shy half acre in Sedro-Woolley city limits.

Utilities in street, some marketable trees. Lot line adjustment is all that is needed to turn parcel into 2 lots.$75,000. #576834 LEVEL 4 ACRE PARCEL..zoned Multi-family within the City of Mt. Vernon. Potential for various housing development, close to college, schools & medical. $180,000. #693883

Tod LeHecka Fritz Inman Jan Scally

333-1032 661-0147 421-5160

RE-Weekly.com

GET IT WHILE YOU CAN..roomy 3 Br., on partially fenced lot. Great for first time home buyer or investment. Close to everything. $154,900 # 771775 OWNER FINANCING AVAILABLE..rural hideaway in Day Creek, 2.9 ac. with a 1500+ sf home, large shop & barn! $265,000. For this mini-farm.#745097 SAMISH ISLAND BEAUTY..fully remodeled, open floor plan, 3 Br., 1.75 Ba., Flagstone patio, partial view, garage w/ shop & office loft. $339,000. #723301 CHARMING HISTORIC HOME... gracious 4 Br home, formal living/dining rms, lg library or office, newer kitchen, walkin-pantry. Park like grounds & gardens. $349,900 #7604037

Ron Wortham 661-1500 Mary Jo Reitsma 770-6013 Dave Parsons 391-4008

Galen Kindred Travis Lohman

770-7083 661-4533

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LOW SUPPLY + HIGH DEMAND = HIGH PRICES

C

urrent market realities show that home affordability is harder to achieve.

The lack of new housing supply is keeping housing costs high, squeezing renters and buyers.

A new report from Zillow shows that U.S. renters can now count on spending 30.1 percent of their income on rent; home purchasers, meanwhile, can expect to fork over more than 15.3 percent of their monthly earnings toward a mortgage payment.

The study indicates that the least affordable

4

real estate markets are those in which new housing permits have not kept pace with growth and population, including many California cities such as San Diego, Riverside and Sacramento. Areas with slow population growth or that have met new growth by constructing new residential units are typically the most affordable, such as Chicago and Detroit.

Among the markets that are the least affordable for both renters and mortgage borrowers are New York, Los Angeles, San Francisco, Boston and Miami/ Fort Lauderdale.

To help find an affordable new home or rental in or near your chosen area, experts recommend being prepared and seeking outside help. “You must first understand what your budget affords you and be realistic about it,” says Debbi DiMaggio, an agent in San Francisco. “Contact a real estate agent in your area. Renters may also have to buddy up, and buyers need to better understand the market they’re interested in.”

Additionally, work to improve your credit score, save up for at least two months’ rent deposit or

RE-Weekly.com

a sizeable down payment on a home, and search for listings of available properties regularly.

Joan Brothers, president of a real estate company in New York, says it’s also important to broaden your boundaries.

“Buyers and renters may need to open themselves up to different neighborhoods so they can find something in their budgets,” Brothers says.

“Once people are given some choices, they can find positive attributes to the neighborhoods, apartments, and homes.”

May 1, 2015

FEATURE HOME FROM COVER: 40418 PIONEER LANE, CONCRETE

$585,000

Brown McMillen Real Estate 235 W. Rio Vista Ave. Burlington, WA 360.757.6013 www.BrownMcMillen.com

Shelah Inman 360.661.0145

BUILT AS a B & B… 4.87 acres fully fenced, beautifully maintained, ready for animals, 36 x 32 barn & outbuildings.

Inn has 5 bedrooms w/baths up, master on main plus 2 other sleeping rooms, spacious living & dining room, breakfast area & peaceful enclosed solarium area.

Six-car garage and picturesque setting. Your Opportunity to Start Your Own B&B. Great Price at $585,000. MLS #735543

AMERICAN DREAM REAL ESTATE SERVICES, INC.

SANDI RILEY North Homes Realty Inc.

770-8670

Sandi Riley 770-8670

55+ LIVING AT IT'S VERY BEST, LITTLE MOUNTAIN ESTATES 55+ PARK RATED IN THE "TOP 5" PARKS IN WASHINGTON STATE!

2610 E. SECTION WT. “LITTLE MTN. ESTATES” M.V. 55

$82,500 #7

+

8

OPEN SUNDAY 1-4:00 SANDI RILEY 770-8670

• 1999, W/ PRIVATE MASTER SUITE • UPGRADED "MARLETTE" BEAUTY • 3 BEDROOMS, 2 BATHS, FAMILY ROOM, "OAK" KITCHEN • INC. ALL APPLIANCES, GAS HEAT, A/C, LG. GARAGE/SHOP/CARPORT/ TREX DECK!

Home is the starting place of

l ove, hope & dreams.

May 1, 2015

2 For 1

Quiet Cul De Sac Home #766047 • $309,000

Classic Craftsmanship #746256 • $319,999

2 Homes for the Price of 1! Main house has 2 bedrooms on main floor and full bath as well as 2 bonus rooms upstairs. Two car garage has a studio apt as well. Great location right in town with view of the Bay. Don’t miss out of this great opportunity.

Just blocks from schools and hospital. 1900+ sqft 4 bd 2 ba One level living, skylights,fenced low maintenance yard and garden area, enclosed porch, metal storage sheds and carport. Vaulted ceilings with exposed beams throughout. Spacious family room w/ a natural gas stove. Heat pump w/ air conditioner. Living room has nice brick fireplace large laundry and sun room too!

Best Price Per SQFT Classic farmhouse Craftsmanship. Totally redone from top to bottom this flowing layout is a rare find. Huge remodeled country kitchen with granite and Stainless, original hardwood floors, main floor master with clawfoot tub, marble vanity. 2 Upstairs private bedrooms, tiled craft room with built in cabinets.

#767062 • $268,999

A Must-See on the 6th Tee!! #715759 • $380,000

2200 sqft Skaqit Golf & Country Club home on the 6th tee box. Wonderfully maintained newer 3 bed 2.5 bath home on a beautifully landscaped large corner lot. Features light open floor plan, tile roof, 3 car garage, gas heat & AC, security system, perimeter lighting and much more. Truly one of the finer homes in the neighborhood don’t miss out.

Terrific Office Building #748958 • $639,000

Industrial Space

#759252 • $1,900

Terrific Office building right off I-5 In Mount Vernon.

This extremely well maintained property has excellent cash flow and rental history. Don’t miss out on this fantastic location and property!

Class A light industrial space just off the Anderson Road I-5 exit. Site features 3000 sqft of space w/ office, bath and mezzanine. 400 amp 3 phase power, plumbed for compressor with separate compressor shed, 14ft electric roll up door.

Ready to go now, gross lease so tenant pays utilities(gas,power & garbage) not nnn.

“Fulfilling Northwest Family Dreams” Anacortes Office

1202 Commercial Ave Anacortes, WA 360-588-1515 • adrhomes.net

Like American Dream Real Estate Mount Vernon

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Mount Vernon Office

2788 E College Way Mount Vernon, WA 360-416-6500 • adrskagit.com

www.adrhomes.net

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www.WindermereSkagit.com RESIDENTIAL 21075 WILDWOOD PL, SW

W NE

$231,000

Lovely 5 Acre property on quiet county lane. 3 Bed, 2 bath home w/large office or studio space. Newer roof, well maintained home. Level acreage, fruit trees, garden space or pasture. Call Cindy Sullivan, 941-9443 #752104

44306 LEONARD RD, CONCRETE

$94,000

NE

W

$99,000

INVESTORS!!! Take a look at this! Great bones just waiting for your personal touch. 1800+ SF 3+ bedrooms, 2 baths on a shy 1/4 acre lot. All the heavy lifting and gutting is done. It’s mostly blank canvas, come make this home shine! Call Jamie Yantis, 540-5264 #755955

318 N 30TH ST, MV

$269,950

Cute, clean, & move-in ready! Great floor plan in this 2003 Homestead Home. 3 bedrooms plus a huge bonus room upstairs, sunny kitchen/living area on main level. Dining room overlooks charming front porch.

Kitchen features granite tile counters & spacious breakfast bar. Call Megan O’Bryan, 708-5817 #775759

We list more homes than anyone else in Skagit County.

17409 DUNBAR RD, MV NE

$429,900

Custom sprawling Ranch home offering 2624 SF of open living. 3 beds, 2.5 baths plus office & huge bonus room. Barn w/loft +3 stalls on over 11.5 acres. Call Elizabeth Miller, 420-3607 #766614

NE

Beautiful 2.4 Acre building site or existing recreation site with nice clearing, babbling creek, mountain views, & mature timber. Very private dead-end street, private boat launch access to Skagit River. Existing 2 bed/1ba mfg. home livable to use as-is or remove & build. Call Shawn Danley, 360-488-3858 #772387

1228 S. 6TH ST, MV

30171 S. SKAGIT HWY, SW

W

$444,900

This well-designed 2913 SF home has a deluxe kitchen, dining room, vaulted ceiling living room & a great master suite. 3 beds, den/office, plus 2 bonus rooms!

Enjoy the sunrise & sunset views from your covered front porch & partially covered back deck. Great equestrian & gardening opportunities! More info. At SkagitValleyHomes.com Call Bill or Jannette Krieger, 421-4446 #776500

12839 EAGLE DR, BURLINGTON 18664 FOUR JAY LANE, MV

$186,000

Beautiful views from this home. Enjoy the lake from your own deck. This property sits on a dead end so it is fairly private. Nice floor plan with a formal living room & a family room off the kitchen. Nice large windows to take advantage of the views. Garden shed, Lg .5 acre lot. Call Becky Elde, 770-9427 #774083

7694 STATE ROUTE 9, SW

$225,000

Nice mini farm just outside Sedro-Woolley. Barn, shop, chicken coop, & fenced pasture for your animals.

Home has 3 bedrooms & 1 full bath. Hot tub stays. Additional rec room downstairs with access from outside.

Home has good siding & a newer roof but needs updating inside. Call Becky Elde, 770-9427 #766088

$319,500

300 N. OAK ST, BURL

$359,500

Turn of the century home offering beautiful mill-work & character. Free standing gas stove, formal dining & living rooms. Lg. master suite. Wrap around deck, outbuilding & garage. Exterior access for large attached office w/ kitchen & bath. Great location for possible commercial Business or Residential usage. Plenty of parking. Situated on 3 1/2 city lots Call Linda Eastman, 202-4075 #713580

13580 CLAYTON LN, ANA $659,900 OPEN HOUSE SUNDAY MAY 3RD, 12-3 Beautiful handcrafted log home overlooking Lake Campbell. This 3047 SF home has just been completely renovated with new cabinetry, countertops, fixtures, floor coverings, paint & much more. Fir logs, pine floor & a river rock fireplace. A great detached studio too! All nestled on a 3.96 acre lot with a great lake view.

More info at SkagitValleyHomes.com Call Shawn or Tiffany Danley, 360-488-3858 #778190 NE

$315,000

Country Club 4 bedroom move-in ready home, with large composite deck. Brand new carpet throughout the upstairs. Fresh interior paint. This meticulously clean home features spacious living areas, including a light-filled living & dining room with views of the golf course, new wide-plank flooring, fireplace insert. Attached garage. Call Megan O’Bryan, 708-5817 #772515

W

W

Established mini-farm ready for your horse or farm animals! 3 bdrm, 1.75 baths, 1621 SF. 1.15 acres with fenced pasture, barn/shop, outbuildings, paving stone patio/walkways, vegetable garden & fruit trees; all in a great west MV location! Low flood insurance premium. Photos & more info at SkagitValleyHomes.com Call, Bill or Jannette Krieger, 421-4446 #768489

W

W

5798 CEDAR DR, BOW 18429 W BIG LAKE BLVD, MV

$459,900

Wonderful Big Lake low-bank waterfront home with expansive lake views! Dock, landscaped yard, boat launch ramp, outbuilding, large 784 SF garage w/.5 bath for extra storage & workspace. Beautiful interior spaces, instant hot water, new roof & much more!

Quiet private location on the lake. Call Jim Glackin, 428-2828 #775532

22766 CHESTNUT PL, MV

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360-421-4111 360-770-9427 360-421-4446 360-941-9443 360-708-5030 425-319-7091

Deborah McNeal Dick Nord Donna Rowell Elizabeth Miller George Bellos Harry Ota

360-707-8073 360-661-6529 360-708-7984 360-420-3607 360-708-9762 360-708-3500

Jake Koetje Jamie Yantis Jannette Krieger Jeri Lee Jim Glackin Jim Koetje

360-466-8045 360-540-5264 360-708-0233 425-239-1382 360-428-2828 360-202-2500

$475,000

Custom-built 3 bdrm, 2.5 bath home w/gorgeous sunset views on fully landscaped acre w/waterfall, fruit trees, fenced garden area w/raised beds & 8X10 shed. Home has ironwood & trex decking, dramatic FP, cherry H/W floors & vaulted ceiling w/knotted fir. Call Karen Beckner, 840-9455 #755723

Josh Scott Karen Beckner Karine Anderson Lee Ann Dean Linda Eastman Margy Furst

RE-Weekly.com

360-708-1010 360-840-9455 360-421-1189 360-421-3082 360-202-4075 360-488-3458

$710,000

Beautiful 4,000+ SF home sits at the end of a private road on well-manicured grounds. This home has an open floor plan, with a tremendous kitchen built to entertain. Full finished day light basement & is equipped with large decks & patios perfect for entertaining.

Come enjoy this peaceful & private home. Call Jake Koetje, 466-8045 #778282

Accountability Matters at Win Call Amie Mani a

NMLS ID# 404665 | WA-CL 713524 Branch Manager / Mortgage Consultant Windermere Mortgage Services Series LLC/Skagit Valley

Windermere Real Estate/Skagit Valley • 1030 East College Way • Mount Vernon • (360) 424-4901 • 1-800-849-7939 Sherry Johansen

Balisa Koetje Becky Elde Bill Krieger Cindy Sullivan Dave Patterson David Mani

$499,000

63 acres in lovely setting. 24+ acres of wetland w/ 3 creeks. 26 cultivated acres of fertile good draining Ag land. Well-built 2002 combo shop/living space offers 700 SF apartment w/ 1440 SF of shop space. Call Margy Furst, 488-3458 #689565 NE

16840 STATE ROUTE 536, MV

NE

15255 S BLANCHARD RD, BOW

Megan O’Bryan Nathan Loeb Rita Ingram Robin Lee Luif Sarah Minton Shawn Danley

360-708-5817 360-333-7197 360-708-8338 360-420-2026 360-770-3076 360-488-3858

Spencer Roozen Tahlia Honea Tasha Zahlis Tiffany Danley Travis Miller Warren Bingham

360-708-3636 360-708-0634 360-333-5815 360-391-5075 360-298-4857 360-420-7291 360-770-2421

May 1, 2015

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www.AnacortesRealEstate.com RESIDENTIAL 2712 STROM PL, ANA W NE

Picture

12838 MARINE DR, ANA

$369,000

A MILLION dollar view for less than 1/2 price!! High bank waterfront with 180 degree views of Burrows Bay, Straits, Olympics & the lights of Victoria. Adorable cabin feel for the weekend getaways. Enjoy your deck on a warm sunny day or the covered porch when it’s blustery. Detached studio is perfect for overnight guest or office space. Once in a life time gem. Great for the summer get-aways or vacationing in the San Juans or a full time residence. Beach rights.

Gina Davis 360.708.7794 MLS# 760587 NE

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2306 SUNDOWN CT #201, ANA

1511 LOWMAN CIR, ANA

$554,900

New Landed Gentry built home. Water view new construction, 3316 sf, 4 beds, 4 baths, plus office (or 5th bedroom). Spacious living room w/gas fireplace & french doors to view deck. High end finishes, hw, tile, designer light fixtures. Gourmet kitchen with under cabinet lighting & granite slab counters; master suite w/ luxury bath, granite & walk in closet. Upper level family room & 2 bedrooms. Lower level has 1 bedroom, full bath, perfect for guests.

Rick Bennett 360.202.2630 | Buzz Ely 360.202.4626 MLS# 690583

2202 19TH ST, ANA

$415,000

Gracious & spacious Windward Village home. Open floor plan w/formal living & dining rooms, gleaming gourmet kitchen that is perfect for entertaining a crowd. HW floors, vaulted ceilings, Cape Cod styling, private courtyard & territorial mountain & island views.

Tailored main level master w/travertine bath & walk-in closet. Palatial family room, 2 add’l bedrooms & bath on lower level. Two car garage, tons of storage; near to town & the city forest lands.

Colleen Craig 360.770.9638 MLS# 581360

430 ELDERBERRY ST, OAK HARBOR

5114 MARITIME LANE, ANA

ndermere Mortgage Services at (425) 268-7995

$344,500

Dramatic views of Dugualla Bay from this lovely home, positioned on a lush 1.2 acre+ estate style lot. Wide open grassy spaces & wooded trails, fully fenced sport court & view decks surround this lovely 3 bed + den/2.5 bath home. Gleaming wood floors, open living & dining to absorb the substantial views. Master bedroom & 2 add’l bed/bath on upper level. Large family room w/ fireplace & add’l den/room space on lower level. Wonderful country setting; close to Anacortes and OH. Colleen Craig 360.770.9638 MLS# 735604

$749,000

A beautiful 4,400 square foot home with wonderful views of the Olympics, Sound & Skyline Marina. This bright & stately 4 bedroom, 2 full bath & 2 half bath home features an office with built-in bookcases & desk, granite counters in the kitchen as well as in the bar.

Media room right off the bar area is great for entertaining with tons of storage.

Bill Robillard 360.770.4707 MLS# 624853

LAND 4118 BRANT CIR, ANA

$139,000

Lovely residential property in established neighborhood close to St. Mary’s Church, City with all amenities, and Hwy 20. No through traffic after access from Whistle Lake Road. Good views of bay and mountains in quiet area of city. Large green area of community adjoins this building site.

Linda Macy 360.708.8284 MLS# 706244

177 CENTER ISLAND, CENTER ISL

$27,000

Affordable lot, with easy seller financing available for approved buyer. This island is perfect for building a great vacation cabin or even a “tiny home”. CCRs protect the lifestyle quality of the community but have no limits on the size of home. A full-time caretaker provides security while you’re away and the two docks, private airstrip, clubhouse and waterfront beach areas are wonderful for enjoying while you’re there. An easy water taxi ride from Anacortes w/DSL and underground utilities.

Sarah Jones 360.375.6142 MLS# 700384

$775,000

Must see condominium with incredible, amazing, views! Balcony is perfect for entertaining (plumbed for gas grill) Cherry HW & slate floors, walk thru master closet (back entrance to laundry room), upgraded wood/granite built-ins in serving pantry; state of the art appliances, shower with view & more! Video monitored security & alarm systems. This unit is exceptional!

Other items are negotiable.

John Prosser 360.202.3891 | Kristi Gabrielse 360.420.3119 MLS# 768582

$464,000

Located in Phase II of “The Woods at Sunset Cove” & designed with an open floor plan designed to create natural transitions between the lush outdoor retreat spaces & the warm cottage interiors. Featuring upscale finishes, luxurious master suite, 1,943 SF of living space, 2 car garage & full yard landscaping. Located on a pristine cul-de-sac only moments from Anacortes’ beloved Washington Park.

Colleen Craig 360.770.9638 MLS# 739368

W NE

1111 10TH ST, ANA

$430,000

Cozy newer home within a block of down town. You can enjoy the shops & restaurants right out your front door. Home is 1948 SF with main level living. A master suite that includes quartz counters, heated floor & large tile shower. Open living & dining areas w/vaulted ceilings, HW floors, quartz kitchen counters & a farm sink.

Fenced backyard & patio with a low maintenance yard.

Detached 2 car garage w/additional attic storage. Come take a look you will love the location & home.

Gina Davis 360.708.7794 MLS# 724985

117 WISHKAH, CENTER ISL

$52,000

Sunny & ready to go! This centrally-located lot has a small water view, all utilities in & is just waiting for your house plans. Located at the south end of the island, it gets plenty of sun & has a nice level building site.

Center Island is a very fun community with two docks, a private airstrip, full-time caretaker, clubhouse & common waterfront for your enjoyment. A lovely place to get away from the hustle and bustle of the city and only a 30 min water taxi ride from Anacortes.

Sarah Jones 360.375.6142 MLS# 698679

www.AnacortesRealEstate.com

Windermere Real Estate/Anacortes Properties • 3018 Commercial Ave • Anacortes • (360) 293-8008 • (800) 327-5291 Bill Robillard Buzz Ely Caroline Baumann Catherine Mers Cheryl Frazier

May 1, 2015

360-770-4707 360-202-4626 360-202-7327 360-982-6831 360-202-4789

Colleen Craig Colleen Sargent Cynthia Aanestad Debbie Macy Gina Davis

360-770-9638 360-202-2155 360-610-0120 360-391-2422 360-708-7794

Jack Dixon Jackie Stone Jessica Notaro Joan Handelmann John Prosser

360-941-5000 360-661-2247 360-202-1441 360-202-4800 360-202-3891

Judy Moore Kathy Rogers Kristi Gabrielse Leigh Zwicker Linda Macy

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360-770-3515 360-941-4400 360-420-3119 360-333-9975 360-708-8284

Margi Houghton 360-202-0041 Nate Scott 360-708-2354 Paul Necco 360-770-5989 Paul Weisz 360-391-7281 Rebecca Chamberlain 360-421-5021

Rick Bennett 360-202-2630 Samantha Masaoka 360-421-5021 Sarah Jones 360-333-2783 Troy Williams 360-708-4923

7

NEGATIVE EQUITY: THE UNBALANCED EQUATION

Despite rising home values, negative equity persists for many homeowners across the U.S.

the largest 50 housing markets – demonstrating that the values of many underwater homes are not increasing. In fact, the national negative equity rate is 16.9 percent, despite the fact that home values rose 5.9 percent nationally hen you’re on in 2014. The sad truth the bottom rung is that those who own of a tall ladder, the lowest-valued homes the climb to the top can continue to drown in feel miles away. That’s negative equity. been the experience “Negative equity is for homeowners at the financially devastatbottom of the market ing because you owe who remain underwater more than your home on their mortgages at a is worth,” says Sissy time when the real estate Lappin, a Houston real market is in full rebound estate broker and comode. founder of a real estate According to a recently service. “Unfortunately, it released study by Zillow, is the middle- to lowerhome values continue to income homeowners who inch upward, but negative typically have negative equity is rising in 21 of equity.”

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While many who were underwater have benefitted from quickly rising home values, short sales and foreclosures, those with less valuable residences have not been able to take advantage of these factors and have fallen behind. And although the national negative-equity rate is anticipated to drop to 15.4 percent by the end of the year, it may not have much of an impact in many key impacted markets, including Florida and the Midwest.

Contributing to the dilemma is the fact that many underwater homes were likely mortgaged with an FHA loan, meaning they borrowed almost 97 percent of the home’s value to begin with, says Douglas Wade, a RE/

MAX sales associate with in Colonia, New Jersey.

“Borrowers paying back a mortgage with a 4-percent interest rate and private mortgage insurance won’t come close to the home’s value for about 15 years,“ Wade says.” Also, the demand for bigger, more expensive homes is on the rise while we’re seeing the demand for small homes come down.”

Wade notes that mortgage companies that continue to allow people to refinance and borrow money without any return on the home’s equity exacerbate the problem.

“There’s little to no increasing home value in a negative equity situation, whereas regular increasing home values allow there to be positive

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equity growth,” he says.

Underwater homeowners still have options they can pursue, however. They can explore a short sale, whereby the mortgage lender agrees to take less money than what is owed to them or to discount the loan balance. Or they can try to refinance their mortgage loan to capitalize on lower interest rates and, if eligible, the government’s HARP program (Home Affordable Refinance Program), which can allow you to get a lower interest rate, shorter loan term, and switch from an adjustable rate to a fixed rate mortgage.

“Speak to your bank and other real estate professionals,” says Heidi Burkhart, president of a consulting group, head-

quartered in New York City. “Do not be afraid – every journey has its rough patches.”

Additionally, consider renting out a portion of your home to a tenant, which can help take the financial edge off. “This helps the homeowner free up some cash flow to put toward that negative equity,” Wade says.

Burkhart adds that outside factors also may improve the situation over time.

“We need more urban development and production in cities. With jobs, income is created leading to a higher circulation of money within our economy,” says Burkhart.

“Without this, you will have a longer rebound time for a local economy to get back on its feet.”

May 1, 2015

Now could be the time to sell a new home and earn a slice of the real estate pie.

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 Real Estate Weekly.

RealEstate weekly In print and online

Call 360.416.2180 Today!

goskagit.com ads@skagitads.com

May 1, 2015

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9

CLASSIFIEDS 1 - 4 Bdrm Rentals.

Piazza Realty Property Mgmt., Inc. 360-424-RENT (7368) www.prpmrentals.com

20474 Comet Ln., MV

OPEN HOUSE 20474 Comet Ln., MV

Open House Sunday, May 3rd, 12-3 13580 Clayton Lane, Anacortes $659,900

BUILDINGS, INC. MOVE IN SPECIAL! Big Lake waterview RV space. $250. (206) 778-8147

EXCELLENT BUILDING SITES WATERFRONT

Buildable waterfront and waterfront access lots in partially wooded rural setting on the Skagit River. ½ acre to 1 acre. With power, phone, TV and PUD water at each lot. Above the flood plain. No mobile homes.

Terms available. A good selection for sale by private party. Prices vary depending on lot. Call George at 360-391-1470.

10 - May 1, 2015 10

Lake Front 2.5 Acres

A pristine 3.5 acre lake that is located only six miles south of Anacortes and abuts Deception Pass State Park. This certified building lot with large evergreens, water, electricity, cable, telephone, drain field and driveway already available to the home site commands a sweeping view of small island lake. $229,000 obo. Contract is negotiable.

Call: 360-293-8636 or Email: fidalgoland@gmail.com

TRUSTED LOCAL Construction Roofing Gutters www.spane.com

800-310-2136

Lic#SPANEBI141JD

For sale by owner, cabin RV for sale, exclusive cedar cabin with extended loft & deck. A must see! Reduced to $45,000. (360) 202-5527

17224 Dunbar Road, Mount Vernon PERFECT 20 ACRES READY TO BUILD ON 19837 Aloha Lane Located half way between Burlington and Bellingham.

Gently sloping property with about 10 acres of pasture and balance is lightly wooded. Adjoins hundreds of acres of state forest land up the hill to the east and panoramic views to the west. Ideal setting to build your dream home, and has a paved driveway access, underground power, approved well, and building permit has already been paid! Located 3 miles east of freeway at Alger. $229,500 (MLS #741820) Jeff Ingman Brown McMillen Real Estate (360)202-2859

Never to be replicated again! One of the most rare properties in the Valley due to its unique location, in the heart of gorgeous Skagit Valley farmlands. Private drive, seclusion & yet close to it all. Pond, wildlife & an updated modern farmhouse featuring a fir floored-covered front porch. Formal living rm, dining rm, custom kitchen.

Shop, large decks & a view of Mt. Baker & beyond.

Saturday, 1-4 Sunday, 1-4 Hosted by Dan Soria 360-348-6655 www.SoriaRealEstate.com

High on the hill, this home has views like you've never seen before. Over sized corner lot, rock patios off of a high-end kitchen, formal dining, generous family & living rm, & office/den.

Master suite is above w/ a private deck, bathroom w/soaking tub, walk-in closet & workout rm.

Saturday, 1-4 Hosted by Laura Kaestner 360-441-5099 Sunday, 1-4 Hosted by April Wrigleworth 425-387-5300 www.SoriaRealEstate.com OPEN HOUSE CHARMING CABIN IN SKAGIT BAY SATURDAY 5/2, 12-3PM 17261 Golden View La Conner $299,000

High on the hill, this home has views like you've never seen before. Over sized corner lot, rock patios off of a high-end kitchen, formal dining, generous family & living rm, & office/den.

Master suite is above w/ a private deck, bathroom w/soaking tub, walk-in closet & workout rm.

Saturday, 1-4 Hosted by Laura Kaestner 360-441-5099 Sunday, 1-4pm Hosted by Amber Wrigleworth 425-387-5300 www.SoriaRealEstate.com

Beautiful handcrafted log home overlooking Lake Campbell. This 3047 SF home has just been completely renovated with new cabinetry, countertops, fixtures, floor coverings, paint & much more. Fir logs, pine floor & a river rock fireplace. A great detached studio too! All nestled on a 3.96 acre lot with a great lake view.

MLS# 778190 Call Shawn or Tiffany Danley, 360-488-3858 SkagitValleyHomes.com WRE/Skagit Valley

WHY ADVERTISE IN THE SKAGIT VALLEY HERALD? EVERY DOLLAR COUNTS. CHOOSE A PROVEN SOURCE FOR

Peaceful “woodsy” setting with partial westerly views of the bay. One level 1,868 sq. ft home. 2 bdrm, 1 ¾ ba. Fee simple lot, not leased land, 36'x24' shop.

Hydronic heat and cozy wood stove.

RETURN ON INVESTMENT. You should be advertising in these tough economic times.

To advertise in the most powerful local media available, call us at 360.424.3251

ERIK PEDERSEN 360-391-1935

erikpedersengroup@gmail.com

KELLER WILLIAMS WESTERN REALTY

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REAL ESTATE WEEKLY RE-Weekly.com May 1, 2015

classifieds work for you!

CLASSIFIEDS to place an ad call 424-4567

Everything You Need To Enjoy Life!

Wonderfully maintained 3700 sq. ft. home and sits on approx. 5 acres. Amazing kitchen with quartz countertops, all appliances, dining rm opens to living rm with vaulted ceilings and floor to ceiling windows! Loft-library, butlers kitchen, rec. rm. office, mud rm, many upgrades thru out! Equestrian delight with 3 stall barn! MLS #767537. $459,000.

Call Jan Scally for showing 360.421.5160.

Brown McMillen Real Estate

FOR SALE BY OWNER 1800 N. 32nd Pl., M.V. $187,000

FOR SALE BY OWNER 1053 Shorecrest Place Camano Island List Price $785,000

Unobstructed 180° view of Saratoga Passage, sunsets, Mt. Baker and Olympic Mountains. Private community boat ramp. This daylight rambler has a gourmet kitchen w/large island work space, walk-in pantry. Main floor: gas fireplace, master suite, den, utility room, central vacuum system, electric furnace w/heat pump. Lower level: free standing gas stove in family room, 2nd bdrm, full bath w/sauna, a full size kitchen complete w/applcs.

For appt call (360)387-9669

REAL WEEKLY RE-Weekly.com MayESTATE 1, 2015

check the classifieds HOUSE FOR SALE BY OWNER: Lovely 3+ bedroom home on large lot. Features 3 garages, gas fireplace, sunny deck, lots more.

415 Whatcom Street in LaConner. $319,000.00. For more info or viewing call: (360) 770-4794 or email: skagitvuetwo@aol.com.

1990 Marlette 1500 sq ft mobile home, 3 bdrm, 2 bath located on .25 acre in check the classifieds! a quiet neighborhood. A must see, newer 30 yr comp roof, sheet rocked interior w/vaulted ceilings.

Hardwood floors in living/dining room, new carpet thru-out. Enclosed porches, sunroom, detached garage/shop area, totally fenced. For appt., please call 360-853-5178.

GREAT TIME TO SELL! Cindy Running Real Estate Broker RE/MAX Valley Homes 360-770-3488 cell 360-424-7166 office cindyrunningrealestate@ gmail.com

Don’t Shell Out a Lot of Cash; Use the Classifieds.

Smart shoppers know about the bargains hidden within the Classified pages. In the Classifieds, you can track down deals on everything from tickets to trailers.

It’s easy to place an ad or find the items you want, and it’s used by hundreds of area shoppers every day.

360-424-4567

to place an ad call 424-4567 check the classifieds

for great values!

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May 1, 2015 11 - 11

600 PANORAMA RIDGE, SKAGIT HIGHLANDS $349,500

4725 MONTE VISTA PLACE, MOUNT VERNON

$362,000

1911 ARTHUR PLACE, MOUNT VERNON

$159,500

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Beautiful Skagit Highlands 2 story view home offering 3 beds/2.5 baths, Master w/ bath, tile shower and walk-in closet, Kitchen has gorgeous countertops and Stainless appliances including Danya Wolf 360-708-8294 gas range, hardwood floors, loft, natural gas heat. Conveniently located next to playground/park! Community features parks and walking trails. MLS 773362 2680 118TH AVE SE #103, BELLEVUE $239,000

Love to entertain? The open, Mount Vernon Hill location on extra spacious floor plan of this deep lot; nicely maintained home, beautiful home offers incredible Bertholf New roof; gated and spacious, opportunities, which can extend, Shirley 360-840-1863 fenced yard. Zero lot line property. in nice weather, out onto the two-tiered deck, separate patios and beautifully shares wall with neighbor to the Danya Wolf landscaped yard. It’s obvious this quality home and east (1913 Arthur Place). Separate 360-708-8294 tax parcels. NOT A SHORT SALE!!! MLS# 31949 property have been well cared for. MLS# 706814 36493 CAPE HORN RD, S-W $178,000 705 N 15TH ST, MOUNT VERNON $299,000 RS

XXX STATE ROUTE 9, BIG LAKE

Spacious, one-level home with 3 Bedrooms, 1.75 Ba in Sedro-Woolley School District has propane heat, well & septic. This home has all that Sandy Everett plus a bonus room & is close to river 360-202-3706 recreation as well as town services.

The double car, attached garage and large backyard deck completes this country home. It features has an acre(+-) of level yard for plenty of garden space and play area. A little TLC will make it shine! MLS# 764249 2410 CRUSE RD, SEDRO-WOOLLEY $370,000 +

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Suzanne Jenkins 360-941-2983

$95,000

IEW

EV

K LA

Corner Lot. Living room with gas fireplace, formal dining, kitchen with eating area and lots Danya Wolf of cabinets. Backyard fenced, 360-708-8294 beautifully landscaped yard. Built as an adult family home. Great income potential! MLS# 31951 14678 STATE ROUTE 9, MOUNT VERNON

ES

Country atmosphere just minutes to town. Custom home with four nice-sized bedrooms- all separate Danya Wolf from one another, gas fireplace 360-708-8294 in living room, den, master bath w/walk-in tiled shower, separate garden tub, double sinks and privacy commode. Gas furnace and water heater.

Generous 3 car garage, spacious 12.5’ x 30’ deck.

Private deck off master. MLS# 773463 1419 E. COLLEGE WAY, MOUNT VERNON $850 -MO COMMERCIAL LEASE

1.31 Acre lot ready to build on! Water and septic ALREADY IN. Possible view of Samish River and Mountains. Enjoy wildlife and eagles as your neighbors!

MLS# 772475

GO

IN

BR

$59,000

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Great location w/easy access to I-405, downtown, parks and trails.

Good sized Master w/ full bath and 2 closets. 2nd bedroom has French doors that open to private balcony. Carla Fischer 360-982-0010 Wood burning fireplace in living room. Individual garage and two additional parking spots w/permits. Clubhouse w/sauna and workout room. Pets allowed with restrictions. SS subject to lien holder approval. MLS # 763294 3729 SWAN CT, MOUNT VERNON $395,000

1830 STATE ROUTE 9, SEDRO-WOOLLEY

C RI

R AC

Remodeled. Open floor plan, newer windows, newer roof, new furnace, lots of room. Great for livestock and berry growing; cross fenced pasture; approx. 15 acres in Suzanne Jenkins 360-941-2983 hay; 2 barns, lower barn has tack room. 20x50 Green house w/power and water.

6 apple trees, 3 plum, 2 Asian pear, 1 peach tree, raspberries and blueberries. MLS#710460 1913 ARTHUR PLACE, MOUNT VERNON $155,000

$278,000

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PUD Water IS Available!

Spectacular lake view and stunning sunsets seen from this lot, located on the east (sunny) side of the lake! Property is in an area of beautiful homes and is located directly north of Big Lake Bar & Grill parking lot. Buyer to verify square footage and utility availability. MLS# 670146

XXX SHANNON LAKE RD, CONCRETE

Sandy Everett 360-202-3706

$99,500

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R AC 20

Newer, well maintained manufactured home on acreage.

Large Master bedroom with walkin closet and en suite with soaker Danya Wolf tub. Has two additional rooms that 360-708-8294 could be used as bedrooms, office or other work areas.

Home has a walk through laundry room with utility sink. Roughly three acres of land cleared and most of the rest could be. Close to all amenities. MLS# 684195 1802 BAKERVIEW CT, MOUNT VERNON $129,000

HEAVEN ON EARTH! Beautiful, peaceful setting. Imagine waking up each morning to spectacular views of Sauk Mountain, the Cascades, Skagit River & the valley below...! Enjoy privacy in a park-like atmosphere w/panoramic views. Close to town. Nice hiking through Shirley Bertholf forest w/cedar groves. What more could you ask for?

360-840-1863

1521 N WAUGH RD, MOUNT VERNON

$378,000

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ILT MU

Fantastic Opportunity! Handicap accessible; fresh paint; newly remodeled, updated wiring and Danya Wolf plumbing; 3 offices.

360-708-8294

NOT A SHORT SALE. Rambler style home adjacent to 1911 Arthur Place, on the hill in Mount Vernon.

Generous sized, fenced yard. Zero Danya Wolf lot line property shares wall with neighbor to the west 360-708-8294 (1911 Arthur Place). Separate tax parcels.

New roof. MLS# 31941

EAGLEMONT

Attractive, large lot in beautiful Eaglemont Golf Course Elva Hunter community, close to brand new 360-202-3086 20,000+ SF clubhouse with fabulous views, dining and full fitness facilities.

Complete plans for a beautiful home on this lot are negotiable. MLS# 475295

CALL ABOUT UNIQUE SELLER OPTIONS! Multifamily Build-to-Suit; up to 13 units possible; we build or you build; conditional use potential for professional/medical offices; All utilities, includes storm retention pond MLS# 751314

Danya Wolf 360-708-8294

3780 E. College Way, Mount Vernon

360.424.0300

www.skagittraditionrealty.com 12

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May 1, 2015