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June 10, 2015
Vol. 96, No. 24
BRINGING EXTRAORDINARY PROPERTIES AND PEOPLE TOGETHER
MADRONA NEW CONSTRUCTION
1600 31ST AVENUE
|
OFFERED AT $1,450,000
Rcphoto | Dreamstime.com - American Craftsman House Photo
Home Ownership as a Promising Investment
BROADMOOR FAIRWAY ESTATE
2120 WAVERLY WAY E | OFFERED AT $3,850,000
Home values are increasing fast in Seattle and across the country. What does that mean to your net worth?
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or most of us, buying a house is first about having a wonderful place to live. But it’s also a huge investment and a hefty portion of our net worth comes from our home equity. As the value of our home increases, so does our equity, thus home ownership can be a great investment. In addition to the tax benefits, home ownership is a good hedge against inflation. Over most time periods, housing costs grow faster than the rate of inflation. If you have trouble socking away part of your paycheck in savings, think of your mortgage payment as a contribution to your investment portfolio—one that will appreciate substantially, given current market trends.
Kim Wesselman Windermere Real Estate According to economics research firm Pulsenomics, home values nationwide are expected to appreciate 4.3% in 2015, with cumulative appreciation of 19.4% by 2019. That’s probably a conservative estimate for Seattle. Home values in Seattle will most likely grow faster
than the national average. Nationwide, home prices increased an average of 5% over the last 12 months, but prices in the Seattle metro area increased 7.5%, according to the Standard & Poor’s/ Case-Shiller 20-city home price index. Only five cities saw prices increase at a faster pace over the past year than Seattle. San Francisco tops the list, followed by Denver, Dallas, Miami, and Tampa. If we apply the Pulsenomics forecast to a house in Queen Anne or Magnolia that started 2015 valued at $800,000, the home’s value will rise to $834,400 by the end of this year. By the end of 2019, it would be valued at $955,200. That’s $155,200 growth in net worth over the next five years,
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to wood versus composite so you can make the right choice for your home.
Cost Building a deck with composite materials will cost more than virgin wood initially, but not as much as most people think. The substructure is the same cost for either option and the remainder of the project could cost about 25 percent more for composite. That cost, though, is often recouped over time because there is little maintenance required with composites, while maintaining a
ANNE WILLOUGHBY NELSON | 206.660.3055 MEREDITH ERICKSON | 206.999.8832 MADISON HOUSE, LTD. REAL ESTATE SINCE 1981
➧ INVESTMENT, Page 2
Is a wood or composite deck right for your home? utdoor living is a home improvement trend that can’t be ignored. If you plan to add a deck to your house, remember the design is only one aspect of the planning process. The materials you decide to use can affect the project in numerous ways, from the initial investment to maintenance years from now. Deciding between wood and composite decking can seem complex. You may have heard composite is superior but costly. You also may have heard that wood is greener yet more susceptible to bugs. Get the facts when it comes
MADISON PARK CONDOMINIUM
2330 43RD AVE E #302B | OFFERED AT $995,000
wood deck can cost hundreds of dollars each year. Want to see how the numbers compare? Visit www.epa.gov and check out the EPA’s GreenScapes Tools Excel Decking Cost Calculator and an example that compares the cost of building a new deck with composites versus conventional wood.
Maintenance Low maintenance is in high demand for homeowners, and decking is no exception. Wood ➧ DECK, Page 3
Client Nominated & Awarded Seattle Magazine’s 5 Star Real Estate Broker Annually from 2007-2014. Christine Field, REALTOR® ABR, CIPS, CRS
206.999.0290 | ChristineField@cbbain.com
Check out the Queen Anne Real Estate Section featured the second week of every month!
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June 10, 2015 | www.QueenAnneNews.com
Increasing your net worth
PREMIER DOWNTOWN LIVING offered at $2,495,000
➧ INVESTMENT, from Page 1
investment that shows a promising return. If you have real estate topic you’d like to hear about, send your questions to kwesselman@ windermere.com.
based solely on appreciation. So next time you pay the mortgage, give yourself a pat on the back. You’re adding to an
Kim Wesselman is Managing Broker at Windermere Real Estate. She has advised clients on buying and selling properties in Queen Anne and Magnolia for 12 years.
Queen Anne Home Sales for June 2015
Private boutique high-rise building. Fabulous SW views, 2,720 square feet, two 2 bedroom suites, one level, and tasteful high-end finishes.
ELLEN GILLETTE Broker m. 206-478-0941 o. 206-448-6400 egillette@windermere.com Makeseattleyourhome.com
Get Started on the path to homeownership!
Julia Eaton Harford
NMLS #120442 | Loan Originator
(206) 818-5576
phone email julia.eaton@axiahomeloans.com WEB juliaeaton.axiahomeloans.com
Address 655 W Emerson St #C 2929 Warren Ave N 3442 14th Ave W 1020 Taylor Ave N #B 2418 Queen Anne Ave N 114 W Garfield St 2715 Nob Hill Ave N 1110 W Raye 2124 B 11th Ave W 3400 9th Ave W 1914 10th Ave W 619 W Blaine St 1963 11th Ave W 673 W Emerson St 315 W Galer St 2141 8th Ave W 2141 7th Ave W 2544 13th Ave W 2110 9th Ave W 223 W Crockett St 2002 1st Ave N 115 Aloha St 411 W Lee 1826 12th Ave W 617 Lee St 3255 11th Ave W 122 Highland Dr
A registered trade name of Axia Financial LLC - NMLS ID 27830
Serving Seattle for 34 Years! Computer Aided Kitchen and Bath Design Available
Bath 3.5 1.75 1.75 2.25 1.5 1.25 1 1 2.5 1.75
Sq Ft 1,400 1,150 2,260 1,470 1,410 1,770 1,980 2,300 1,618 1,800
Year Built 2001 1962 1956 2005 1906 1908 1923 1916 2015 1950
Days on Mkt 14 96 19 4 8 5 7 7 75 6
Asking Price $520,000 $649,000 $584,950 $599,000 $589,000 $672,950 $495,000 $669,000 $749,000 $649,950
Sold Price $511,000 $550,000 $560,000 $610,000 $626,700 $645,000 $652,000 $669,000 $680,000 $701,500
Asking Price/Sold Price 98.27% 84.75% 95.73% 101.84% 106.40% 95.85% 131.72% 100.00% 90.79% 107.93%
3 3 4 4 2 3 4 5 3 3 3 4 4 5 5 4 4
2.5 1.75 1.75 3.5 1.75 3.5 1.75 3.25 3.25 1.5 1.5 3.5 2.75 3.5 4.25 2.5 2.75
1,638 1,800 2,280 2,750 2,019 1,720 2,220 2,930 2,370 2,540 3,500 2,920 2,670 3,670 3,773 4,210 3,950
2015 1900 1936 1901 2013 2010 1914 1910 1926 1922 1909 1924 1913 2008 1908 2010 1977
10 31 6 180 22 6 5 6 7 5 6 11 6 7 10 16 8
$800,000 $899,000 $809,000 $949,000 $950,000 $899,000 $820,000 $975,000 $1,200,000 $989,000 $1,150,000 $1,299,000 $1,150,000 $1,499,950 $1,545,000 $1,795,000 $2,195,000
$802,000 $819,000 $850,000 $865,000 $935,000 $955,000 $959,500 $975,000 $1,145,000 $1,190,000 $1,205,000 $1,300,000 $1,380,000 $1,500,000 $1,545,000 $1,750,000 $2,350,000
100.25% 91.10% 105.07% 91.15% 98.42% 106.23% 117.01% 100.00% 95.42% 120.32% 104.78% 100.08% 120.00% 100.00% 100.00% 97.49% 107.06%
Magnolia Home Sales for June 2015 Address
I look forward to working with you!
Bed 3 3 3 3 3 4 2 3 2 4
3222 21st Ave W #A 3006 31st Ave W 2721 W Jameson St 2119 W Ruffner St 3453 22 Ave W #B 2140 34th Ave W 3036 31st Ave W #B 2006 28th Ave W 4201 26th Ave W 3124 W Raye 2110 W Ruffner St 3838 29th Ave W 3014 A 21st Ave W 2615 W Crockett St 3016 21st Ave W 3018 21st Ave W 3415 32nd Ave W 3111 W Barrett St 3016 35th Ave W 3229 27th Ave W 2411 36th Ave W 3403 37th Ave W 3502 31st Ave W 2628 30th Ave W 4300 W Ruffner St 2561 38th Ave W 3747 W Commodore Wy 4347 W McLaren St 3017 24th Ave W 3007 W Viewmont Wy W 2464 Crestmont Place W 4121 W Dravus St 5454 39th Ave W 2866 39th Ave W 2656 W Viewmont Wy W 2720 W Galer St
Bed
Bath
Sq Ft
Year Built
Days on Mkt
Asking Price
Sold Price
Asking Price/Sold Price
3 3 2 3 3 2 3 2 3 3 4 2 3 3 4 3 3 4 3 2 3 4 4 4 4 5 3 3 3 4 4 4 4 6 5 7
2 1.5 2.25 3 3.25 1.75 3.5 1 2 1.75 3 1.75 2 2 2.5 2 1.75 1.75 1.75 1 2.5 2 2 2.5 2 1.75 2.5 2.75 3.5 2 2.25 4 3.75 4.5 3.25 5.25
1,165 1,250 1,170 1,615 1,280 1,380 1,570 1,880 1,600 2,020 1,795 2,520 1,494 1,780 1,741 1,686 2,140 2,060 1,700 1,430 2,230 2,620 2,551 3,048 3,066 3,200 2,000 2,670 2,899 3,860 3,140 4,210 3,370 4,670 3,910 8,890
2000 1945 2006 2000 2003 1943 2007 1936 1950 1945 2007 1946 2015 1941 2015 2015 1946 1955 1940 1938 1923 1949 1956 1938 1939 1948 1939 1963 2004 1930 1937 1988 1950 2008 1933 1909
25 2 6 1 5 5 6 12 14 6 5 65 2 6 2 1 8 13 7 9 197 7 5 7 7 20 73 76 26 6 11 127 42 110 10 65
$395,000 $415,000 $425,000 $499,000 $450,000 $519,000 $539,000 $599,000 $559,500 $525,000 $525,000 $619,000 $599,950 $564,000 $659,950 $679,950 $675,000 $600,000 $639,000 $525,000 $799,000 $725,000 $869,000 $810,000 $850,000 $999,000 $850,000 $1,250,000 $1,195,000 $1,175,000 $1,395,000 $1,800,000 $1,795,000 $1,895,000 $1,898,000 $3,300,000
$393,000 $415,000 $462,500 $494,000 $523,000 $534,658 $547,000 $549,000 $559,000 $561,000 $587,000 $589,000 $599,950 $620,000 $671,000 $680,000 $680,000 $697,500 $700,000 $708,000 $747,000 $812,000 $872,500 $890,000 $900,000 $950,000 $995,000 $1,100,000 $1,150,000 $1,175,000 $1,300,000 $1,600,000 $1,699,000 $1,795,000 $1,999,000 $2,735,000
99.49% 100.00% 108.82% 99.00% 116.22% 103.02% 101.48% 91.65% 99.91% 106.86% 111.81% 95.15% 100.00% 109.93% 101.67% 100.01% 100.74% 116.25% 109.55% 134.86% 93.49% 112.00% 100.40% 109.88% 105.88% 95.10% 117.06% 88.00% 96.23% 100.00% 93.19% 88.89% 94.65% 94.72% 105.32% 82.88%
information supplied by Northwest Multiple Listing Service
$50 Ballard/Crown Hill Location: 8055 15th Ave NW
206-789-3205 www.morgansonline.com
specializing in residential & condominiums
Jan slaWson
jslawson@windermere.com www.janslawson.com 206-949-4Jan (4526)
Windermere Real Estate/Wall St., Inc.
Queen anne | magnolia | doWntoWn
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www.QueenAnneNews.com | June 10, 2015
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5 upgrades for under $5,000 to put your home at the top of every buyer’s list
t’s a sobering truth of real estate that sellers often have to spend money to make money. Even if your home is relatively new, you still face costs associated with getting it ready to show, such as repainting interior rooms or hiring professional cleaners and stagers. If your home could use some TLC and updating, spending as little as $5,000 on key upgrades could improve its appeal for buyers - and ensure a speedier sale at a better price. Here are five upgrades you can make for under than $5,000 to help put your home at the top of every buyer’s must-see list this spring.
5. Lavish landscaping No single aspect of your home has a greater impact on a buyer’s first impression than the landscaping. A great front yard sets the tone for the rest of the home, appealing to buyers on a number of levels, including beauty, practicality and savings. With $5,000, you can
2. Increase natural light More buyers are becoming aware of the mood- and productivityenhancing benefits of natural light, and homes with big, bright windows have always been in demand. Adding windows to a room can be a costly, timeconsuming affair. Not so with adding a skylight. For well under $5,000 and in just a day or two, a professional can install an Energy Star qualified, solar powered noleak fresh-air skylight, like those from Velux America. Professional
accomplish a lot in terms of landscaping. You can sod a small front yard, add decorative planting beds to a lush lawn, or even install shade trees that will both beautify the yard and enhance the home’s energy efficiency in summer. Decorative concrete stamping of walkways and driveways is another cost-effective way to improve a home’s curb appeal. Whether it’s a buyer’s market or a seller’s market, no one wants to see their home linger long before selling. A few simple upgrades can help ensure your home gets plenty of attention this spring selling season. (BPT)
Maintenance may be key ➧ DECK, from Page 1
1. Upgrade your entryway Replacing an old, dated or worn entry door can be a cost-effective way to ensure buyers get a good first impression when they walk in your house. Whether you choose a fiberglass, wooden or steel model, installing a new entry door can cost a few thousand dollars, yet the return on investment at the time of resale can be significant. A fiberglass entry door returns about 72 percent of its investment, while a steel door recoups more than 100 percent of its value, according to Remodeling Magazine’s Cost vs. Value report. Enhance your new door with attractive plantings, fresh paint and clean windows around the entryway to create a memorable, attractive entry for just a few thousand dollars.
so consider replacing them with new ones. You don’t necessarily need to install top-of-the-line, highpriced appliances to make a good impression, either. Newer, Energy Star qualified appliances represent savings for buyers down the road.
installation costs nationally ranges from around $900 to $2,325, with an average of $1,400, according to HomeAdvisor.com. The low installation cost will leave you plenty of budget to enhance the skylight upgrade even further with energy efficiencyboosting solar-powered blinds. The skylight and blinds are operated by remote control and the blinds are available in designer colors and patterns to enhance your décor. The products, as well as installation costs, are eligible for a 30 percent federal tax credit to further reduce the cost of the improvement. The most popular rooms in the home for fresh air skylights are baths, where they provide privacy in addition to natural light, and kitchens, where they vent cooking odors and humidity naturally while brightening this much-used workspace. Visit www.veluxusa. com to learn more.
3. Beautify a master bathroom Bathrooms and kitchens sell homes. Making a few cosmetic upgrades to even a small master bath can help increase a home’s appeal and value. For less than
$5,000 you can easily repaint, upgrade faucets, replace old cabinet hardware and add decorative touches like designer towels. If you’ve already done all that, take a look at the floor or countertops - two cost-effective upgrades that can wow buyers. Since counters don’t make up that much square footage in most bathrooms, replacing them with granite can cost just a couple thousand dollars. Tile flooring is also a relatively inexpensive way to improve a bathroom’s look and usability.
4. Heat things up in the kitchen Kitchen remodels can offer high ROI for sellers, but a full remodel may be outside your budget. If you’ve already done the obvious like repainting and decluttering - it’s time to look for a few more costeffective improvements that will appeal to buyers. Just as in the bathroom, swapping old faucets and cabinet hardware with new designer options can enhance the appeal of a kitchen. Shabby, outdated appliances can hinder a speedy sale,
decks require major maintenance every one to two years. Nail pops and splinters are common safety hazards with wood decks, as are cracked, warped and rotted boards that need to be replaced. Plus, wood decks must be refinished every year or two, a project that can cost $450 to $850 per year and take an entire weekend or longer to complete. Capped composite decking from Fiberon will never splinter, crack or require staining, unlike wood decking. This composite decking is so durable that it comes with the industry’s first stain and fade warranty for up to 25 years. Typical maintenance requires just a few hours a year to clean the surface with a deck brush or power sprayer. Visit www.fiberondecking.com to learn more.
Eco-friendly Many people believe wood is a more environmentally friendly option than composite decking. In actuality, the opposite is true. Composites are created from recycled materials and keep waste out of landfills. Fiberon alone prevents more than 50,000 tons of plastic and other waste from ending up in landfills or incinerators every year. Composite decking also saves trees. In addition to using locally sourced plastics, Fiberon composite decking includes wood scraps
acquired from nearby cabinet and door manufacturers. Furthermore, just because it’s wood doesn’t mean it doesn’t contain chemicals. In fact, most wood lumber is pressure-treated with different chemicals to boost its integrity and make it last longer. Additionally, because wood is susceptible to bugs like termites, you might need to treat the space to prevent infestation. Termites, of course, are not a concern with composite decking.
Appearance Wood is undeniably beautiful and always blends nicely with the natural elements of the outdoors. But thanks to advanced technology, composites mimic real wood so closely that often you can’t tell the difference. This is particularly beneficial if you want the look of an exotic species without the upkeep. Today, capped composite technology allows for realistic wood coloring and embossed grain patterns.
Bottom line When planning a new deck, don’t forget the impact your material choice will have on the project. Get the facts and make the right decision so you can enjoy your outdoor spaces to the fullest. (BPT)
Sell Your Home Ask your realtor about advertising in The Madison Park Times.
Diana Lull, Real Estate Consultant (206) 229-1669 • realty@nwlink.com
— S e r v i n g c li e n t s i n — QUEEN ANNE , MAGNOLIA & SURROUNDING NEIGHBORHOODS
SELLING?
Understand the 5 keys to successfully selling a home, in any market.
BUYING?
Select a broker that understands current market conditions, uses strategies which will ensure your offer stands out among others, and understands your needs and timeline.
812 WEST GALER STREET - QUEEN ANNE HILL Completely rebuilt early century home in perfect condition with commanding Puget Sound views: Representing a once in a lifetime opportunity! Breathtaking main home plus new construction romantic "tower" master suite with wrap around view terrace, great room and 2nd kitchen off of Asian garden with authentic Japanese Tea House. Spacious 3 bay garage. New windows, siding, roof, systems. Ribbon inlay oak floors, crown moldings, stunning views, gourmet main kitchen. Extraordinary landscaping including waterfalls, terraces & boulders. Offering Price: $2,495,000
|
206 409 3705
| robbie@windermere.com | robbiewaldtradal.com
Residential Listing Broker | Accredited Buyers Representative | Relocation Specialist
Betsy Q. Terry & Jane Powers 206.322.2840 ewingandclark.com | luxuryrealestate.com
WINDERMERE REAL ESTATE/WALL STREET, INC . | 214 W MCGRAW STREET
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