Real Estate
APRIL 2008
On Whidbey Volume 2, Issue 9
The only real estate guide completely dedicated to Whidbey Island!
OUTSTANDING WATER & OLYMPIC MTN. VIEWS. # 28038927
$683,000
Dee Rottler 360-929-1853, Paula Debler 360-461-2764 www.nwislandhomes.com
TOWNHOUSE CONDOMINIUM
Breathtaking views of the Cascade Mountains & Oak Harbor Bay. MLS #28022419
$350,000 Kathi Phillips
360-679-4585 x .216 Cell: 360-929-0206 kathi@onwhidbey.com
Jane Koetje
Cell: 360-929-3047 janek@onwhidbey.com
Please see our ad on page 5.
PUBLISHED BY THE WHIDBEY NEWS-TIMES AND SOUTH WHIDBEY RECORD Proud affiliate member of the Washington State Realtors Association.
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April 2008 • Real Estate On Whidbey
“Experience With Integrity At Your Service”
Geri Morgan ABR, CRS, GRI (360) 675- 5915 Ext. 227 (800) 869-7129 gmorgan@whidbey.net www.gerimorgan.com
Cute! Cute! Cute! Very affordable and very adorable! One story brick home with wood floors in living room and bedrooms. New laminate in dining & kitchen. 3rd bed wd flr under carpet. Stone F/P in LR. Very spacious LR, DR & kit. Completely remodeled kitchen w/new cabinets, new range & hood, corian countertops. Bathroom also new. Completely fncd yard w/new 6’ cedar fence. Vinyl windows. Deep sink in garage & new garage door. All new plumbing in 2007. Must see! MLS# 28028601 $227,900.00 Lots of home at a reasonable price! Four bedrooms, two baths, one-car garage located in a private cul de sac. Kitchen, dining, living room, full bath & two bedrooms upstairs. Two bedrooms & full bath downstairs. Wood stove insert in living room. Deck off dining room. New siding & vinyl windows in 2006. New roof 2005. Seller is offering $6000. towards new carpet & paint. MLS#28028067 $239,900.00 Elegant & Spacious! Trilevel on lrg corner lot. Feeling of privacy as you enter gated gardenlike courtyard. Dbl entry door in to vltd ceiling, tiled foyer. All rms r spacious. Form liv/din, eat-in kit, fam rm w/brick f/p. Den w/3/4 ba & wet bar. 3br’s 2 ba up & balc. area for computer/sitting. Lots of storage. Gas furn & ht wtr htr. Kit w/skylite, Jenn Aire gas range, trash comp, wall oven, DW. Jen Tran system in gar. Walking trails & community parking area for boats, RV’s @ small $25/yrly fee. MLS# 28040871 $349,900.00 One level home tucked away in a private setting overlooking Mariners Cove. Living room w/vaulted cedar ceiling, Corner brick FP & opens to deck w/brick BBQ. Newly remodeled kitchen w/eating nook, new Jenn Aire range, fridge, Corian countertops, tiled backsplash & a great view! New wood floors in entry, kit & formal DR. Large FR. Master BR w/view & door to deck. This is a one of a kind @ a great price in very desirable boating community & in move in condition. Community dock & beach access. MLS# 28022325 $364,900.00 Custom Built One Owner home on over 1/2 acre in Golf Course Community. Tucked away @ the end of the street on a cul de sac and includes two tax lots. Landscaped to provide privacy and park like setting w/pond/waterfall. 24x16 art studio/shop/gardening shed w/sink & 10x14 golf cart/storage shed. One story hm built w/extra wide doorways/halls. Spacious Formal Living/Dining. Oversized eat-in kitchen w/family room. X lg utility rm. w/ pantry cabinets, rm for extra refrig/freezer. $ below appraisal. MLS# 28021059 $374,500.00
Real Estate On Whidbey • April December 2008 2007
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April 2008 • Real Estate On Whidbey
cleaN!
this 3 bdrm, 1 bath homE in northgatE tErracE boasts statewide double paned windows & a wood stove to keep winter heating bills manageable. Its master bdrm features a pass thru door to the bthrm. The fully fenced backyard has a mature cherry tree & lots of space for entertaining. The attached 1-car gar completes the pkg. Great starter home. MLS# 28007683 $
thE first floor mastEr sUitE fEatUrEs 2 walk-in closEts & a jEttEd tUb in thE attachEd bath! The fireplace in the living room is lit w/a flick of the switch. Upstairs features a family room w/ lrg, sunny windows, an office, full bath & 3 more bdrms. Outside are BBQ hook-ups. MLS# 28022617
345,000 470 Regency Dr SW
$
3 bEdroom, 2 bath, opEn floor plan homE! Designer colors await you with the new carpets. Fully fenced back yard with separate dog run. Wood patio for BBQs. RV parking for the toys. Garage has been finished and painted. MLS# 28022255
235,900 1213 SW Heller St
$
Newly Remodeled!
Enjoy thE charm of this farmhoUsE! Arched doorway, built-in niches & cupboards. Newer laminate kitchen floors, newer carpet, new oil furnace & appliances. 1.25 acres w/mature plants, fenced yard & detached 2-car gar. MLS# 28023160
290,900 34642 SR 20
$
2000 towaRdS cloSiNg coStS!
immaculate!
FouR bedRoom Home!
$
348,500 1695 SW Union St
10,000 buyeR cRedit at cloSiNg!
$
amEnitiEs of this homE arE coUntlEss! Beautiful cabinets in kitchen w/built in organizers. Lrg bay window dining rm. Built in cabinets in great office area. Fantastic lrg mstr bath w/built in cabinets & lrg garden tub. Buffet/breakfast bar for 6! Great deck w/built-in seating & planter boxes. MLS# 28021576
245,000 1583 Mark St
$
$
this 1550 sq. ft., 3 bEdroom homE is a tErrific inVEstmEnt! Located on an acre, the home has a remodeled bath with Jacuzzi tub, hardwood floors throughout and a master with fireplace. MLS# 28012023
260,000 357 W Frostad Rd
$
HaRdwood FlooRS!
So mucH to loVe!
locatioN, quality, beauty!
stUnning 4 bdrm, 2.5 bth VandEr VoEt-bUilt homE! More than 2000 sq. ft. of spacious rooms & attractive details. Large master suite w/extras, upgraded appliances in kitchen & a security system! MLS# 28007679
189,999 4375 Terrace Dr
5 bdrm, 3 fUll bath homE! Freshly painted, new flooring. Placed at the end of the road on 2.5 fully fenced landscaped acres. 18X24 shop/gar w/a 10X24 lean-to, lots of RV parking, private well, fruit trees, garden space, chicken coop, tree fort & view. Turn-key! Offering $ 3000.00 in buyers allowance w/a fullpriced offer. MLS# 28033038
325,000 4417 Sonja Ter
$
2 story, 3 bdrm, 2.5 bath, 2 car garagE! Real hardwood floors throughout lower level. Gas appliances & heat. Sec. system through ADT. Fresh paint in all rms, mstr bdrm custom painted. New light fixtures. Bdrms & stairs are carpeted. Back yard is privacy fenced. Soccer field & park within a half mile. MLS# 28028657 $
299,000 1760 SW Nienhuis St.
32800 SR 20, Suite 2, oak Harbor, wa 98277 • www.onwhidbey.com
office: 360-679-4585 • toll Free: 800-225-0919 acorn Properties
For Free Info on Buying and Selling Visit: www.WhidbeyHomesForSale.com • www.NASWhidbeyHousing.com
Real Estate On Whidbey • April 2008
Beautifully Remodeled Condo With a View!
• New carpeting, marble flooring & granite countertops. • Spacious living room & dining area. • Well appointed kitchen w/oak cabinets & all appliances including trash compactor & central vac system. • Master suite bath includes a jetted tub. • Great deck for entertaining. • Easy access to oversized garage w/ample parking & additional storage. • All on 1 level including garage. MLS # 28007674
1415 SE 9th Ave. #A 101 $ 315,000
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Classic Cottage Home
• From the very start this 2 story home w/a basement is a charmer. • Economical gas heat, easy maintenance vinyl siding & newly remodeled. • Upgrades include: Custom painting, laminate flooring, maple kitchen cabinets, granite counter tops & more. • The dining room will cause your guests to linger while enjoying the coffered ceiling & special moldings & wainscoting. • Upper story features 2 dormer bdrms & the basement offers you endless bonus rooms. • 2 car detached gar w/rm for flower & vegetable gardens. • You’ll love the magic aura of hospitality in this welcoming home! MLS # 28007595
Ready for You to Move In!
$ 3,000 For Closing Costs!
• Beautifully maintained 2 bedroom, 2 bath waterside condo! • Open living room, dining room and large kitchen with lots of cabinet space. • Elevator and privacy gate make this condo the perfect place to live. • Walk to the beach or downtown in less than 5 minutes. • You are close to city parks, shopping and dining. • It’s vacant and ready for you to enjoy! MLS # 28007671
651 SE Bayshore Dr. #201 $ 229,000
211 Ely St. $ 299,999
Beautiful Ranch Style Home on 2.5 Acres!
Gardener’s Delight
• Beautiful home in park setting • $10,000 Buyer’s Allowance! • 3 bedroom home with an amazing family room • 2235 sq. ft. • The large hot tub is a real treat • Beautifully landscaped, fully-fenced backyard with mature trees and tranquil ponds • Gardening area and detached shop • Close to schools and services MLS # 28007597
951 SE 6th Ave. $ 289,900
Enjoy a Leisure Life in This Townhouse Condominium!
• This townhouse has breathtaking views of the Cascade Mountains & Oak Harbor Bay. • No maintenance open floor plan home w/pride of ownership has well appointed bdrms, 2.5 baths, cathedral ceilings, gas heating & inc. all appliances w/washer & dryer. • The private deck is located off the dining area & the 2 car garage also features a 192 sq. ft. storage area. • This is an opportunity to live the good life and leave the yard work to the gardener! MLS # 28022419
• Like new Brazilian Mahogany hardwood floors, soft Berber carpet & ceramic tile flooring throughout. • Open floor plan and custom painting. • Large bonus room could be an office & was used for home schooling. • Kitchen & baths feature Corian countertops & all Stainless Steel appliances convey. • Convenient inside utility room. • The 55’x90’ Sports court is an added benefit & can be used for basketball, roller blading, volleyball, badminton and more. • Minutes from town and NAS Whidbey. MLS # 28007592
2716 Umatilla Dr. $ 435,000
730 SW 19th Ct. C3 $ 350,000
Kathi Phillips CRS, Associate Broker, Realtor
Let me help you stage your home.
Ashley Lindberg, Assistant Cell: 360-929-0206 • Office: 360-679-4585 ext. #216 Toll Free: 800-225-0919 • email: kathi@onwhidbey.com
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April 2008 • Real Estate On Whidbey
“We Deliver ResultsNot Just Promises” All Title Companies are not the same. Please call us for a quote on your title insurance needs.
800-829-5263 1080 NE 7th Ave #1 • Oak Harbor 360-675-2246 • 360-675-0936 fax 5595 Harbor Avenue, Suite C • Freeland 360-331-4838 9123 271st NW #101 • Stanwood 360-629-9737
We Know Home Loans As Well As We Know Whidbey. Dave Holmly Home Loan Center Manager
Banner Bank can take care of all your Whidbey Island home lending needs. We’ve got a variety of loan packages, and the real estate experts who know how to put them together. With Banner, the perfect loan or good advice is never far away.
Erin Cook Loan Officer
Better ideas. Better banking. Oak Harbor Branch & Home Loan Center 570 N.E. Midway Blvd. (360) 240-8533 Tamara Hill Encinas Loan Officer
www.bannerbank.com Visit our Web site to check rates or apply for a mortgage online.
Member FDIC
Real Estate On Whidbey • April 2008
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Once you find your New home, it’s what’s Inside that matters most
Fox Pointe Home Home Accessories, Furniture, Art & Gifts 720 SE Pioneer Way • Downtown Oak Harbor • 679.2434 www.foxpointehome.com • Monday-Saturday 10-5 and Sunday 12-4
LIKE A GOOD NEIGHBOR Sheila DeLong, Agent LTCP 1796 Main Street, Suite 101 Freeland • 331-1233
www.sheiladelong.com
STATE FARM IS THERE®
April 2008 • Real Estate On Whidbey
101
Page 8 alternative Financing
Mortgages at a lower than market rate, such as adjustable rate, graduated payment and buydown mortgages, and hybrid mortgages.
aMortization In the early years of an amortized loan, almost all of the payment is applied toward interest, while in the last years of the loan, almost all of the payment is applied to reduce the principal.
assuMable loan A loan that can be picked up by a subsequent buyer for a small assumption fee. It saves thousands of dollars in closing costs and loan origination fees. FHA/VA loans are assumable. Most conventional loans are not.
closing costs & prepaids Costs paid in addition to the down payment on closing day. These items include attorneys fees, loan origination fees, appraisal fee, credit report, document preparation, escrow fee, survey and recording fees, tax escrow, hazard insurance, flood zone certification, two months of private mortgage insurance (if down payment is less than 20 percent) and sometimes the entire first year’s private mortgage insurance premium. Typically, the appraisal and credit report fees are paid at application.
disclosure A document describing all the parameters of a mortgage loan, such as the terms, conditions, interest rate caps, A.P.R., etc.
terMinology
Mortgage
down payMent The difference between the mortgage and the lower of the purchase price or appraisal. The minimum down payment is three percent on most loans. Private mortgage insurance is required for a down payment less than 20 percent.
earnest Money Deposit money given to the seller by the potential buyer to show that he is serious about buying the house. If the deal goes through, the earnest money is applied to the down payment. If the deal does not go through, it may be forfeited.
equity The difference between a home’s fair market value and the loan amount, and/or encumbrances (such as liens or claims) against it.
index A barometer for measuring and adjusting the interest rate. A commonly used index is teh Treasury bill.
lock-in The number of days a lender can guarantee interest rate and points that are agreed upon by both lender and purchaser. This may be anywhere from 30 days to 270 days.
Market rate An estimate of the average rate being charged by lenders for conventional, or FHA/VA loans.
negative aMortization The principal balance of the loan actually grows due to payments that are not enough to cover all the interest due. Often, negative amortization accrues during the years of a variable rate or graduated payment mortgage when the payments are less than market rate.
origination Fee The origination fee is what the lender charges for establishing the loan. It is included in the closing costs.
points or discount points A point or discount point is one percent of the loan amount and is charged by the lender to issue a loan at below market rates. Points can be negotiated between buyer and seller or buyer and lender. Points charged as prepaid interest are tax deductible by the buyer based on one’s tax bracket.
prepayMent penalties Fees charged to a borrower who pays off his loan balance before it is due.
private Mortgage insurance (pMi) On conventional financing, lenders require that the borrower purchase PMI to protect the lender against default on loans with less than a 20 percent down payment. PMI has nothing to do with homeowners insurance or credit life insurance. PMI should cost the same at all lenders.
qualiFying A buyer usually must qualify for a loan. Usually, the monthly payment cannot be more than 25 percent to 28 percent of the buyer’s gross monthly income and all the buyer’s monthly debt cannot total more than 33 percent of 36 percent of his monthly income. Some leeway may be granted based upon prior credit history, down payment, job history, etc.
Real Estate On Whidbey • April 2008
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Build your dream home and save money! Elemental’s expert guidance helps you manage your own home-building or remodeling project, or Elemental can manage it for you. Before
After
DAN FREEMAN
360-341-2345 www.elementalcorp.com Over 35 years construction experience
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April 2008 • Real Estate On Whidbey
Carmen Falso Associate Broker 5531 Freeland Ave. Freeland, WA 98249 (888) 331-6533
Windermere Real Estate/South Whidbey
More info at www.southwhidbeyrealestate.com
5+- Langley Acres $165,000
Honeymoon Lake Home $479,500
JUST LISTED! A very quiet prop- Spacious and attractively finished
Saltwater Homesite $274,500
View Home on 2 Lots $299,000
erty with end of the road privacy and a top of the world feeling. Features a sunny Southwest exposure, an approved well site and good soil for septic.
home boasts about 2300 Sq. Ft of living area & almost 1000’ of additional daylight basement. Many fine upgrades throughout. Community Lake, Saltwater Beach, Pool and Clubhouse.
Lagoon Point Lot with newer shared 100’ dock. Septic permit is approved & water is available. Protected moorage with easy access to the Puget Sound.
MLS # 27212003
An attractive 1440+- Sq. Ft. home with views of the Puget Sound and Mt. Rainier. Recent extensive upgrades throughout. Located on a quiet lane & wonderful community amenities. Call for details.
MLS # 27201336
MLS # 27152962
MLS # 27209823
S
Join us for our Annual ouse Celeb H n e p O rati g n i on pr April 19 – Golf Course Homes April 20 – Waterfront Homes April 26 – Homes Under $375,000 April 27 – Homes on Acreage May 3 – Urban vs. Rural May 4 – View and Waterfront Homes
Maps and details will be available at any of our 4 Coldwell Banker Tara Properties offices.
www.cbwhidbey.com is better than ever! • Better search capabilities • All Whidbey Island properties listed for sale • Mapping See Virtual Tours of some of the finest properties on Whidbey Island. Visit • Multiple property photos www.ColdwellBankerUnique.com and • Virtual tours click on Virtual Tours to take a peek! • Neighborhood information • Demographics • Expanded Sales Agent pages • Mortgage calculator • Real Estate news • Links to popular Whidbey Island websites If you’ve visited our site in the past, come back for a new view. If you haven’t seen our website, check it out. In either case, we’re sure you’ll be pleased you did. You’ll find everything you need to find your special Whidbey Island property.
Freeland
360.331.6300
Bayview
360.321.6400
Langley
360.221.1700
Oak Harbor 360.675.7200
Call John & Barb Salenjus 360-331-0186 • salenjus@cbwhidbey.com 4 BEDROOM HOME IN quiet
neighborhood of Oak Harbor. New subdivision built in 2005. Gas fireplace in living room with vaulted ceiling, large open kitchen, gas range. Master bedroom with bath on the main floor. Door from kitchen leads to fully fenced back yard. Play area one block away. Near services, busline, shops, etc. #28006422 $299,000
2-STORY HOME ON beautiful 5+
private parklike acres. Home is immaculate with new flooring, appliances, window treatments and more. 2 outbuildings, flagstone walk ways... a gardeners delight! Large 2 car garage with finished room above for an office, craft room, etc. Large deck for entertaining. Near Freeland and ferry. #27190907 $579,000
"OZXIFSF ZPV XBOU UP CF XF SF UIFSF Oak Harbor Office 360-675-7200
Search all properties available on Whidbey Island from our website:
www.cbwhidbey.com “Your Perfect Real Estate Partner”
Shop first on the Web! cbwhidbey.com
Freeland Office 360-331-6300
Bayview Office 360-321-6400
Langley Office 360-221-1700
We Sell Whidbey Island