HomeFinders Weekend - March 30-April 1, 2012

homes.wenatcheeworld.com

North Central Washington

Homefinder’s WEEKEND Featured

Agents Bringing Buyers & Sellers Together Maynard Lamb 679-5959

R E A L E S TAT E

maynardlamb@johnlscott.com

Connect to johnlscott.com/wenatcheeofice • 662-4772 • 1201 N. Wenatchee Ave. This Office independently Owned & Operated

My Real Estate business is going to the dogs! (and cats too) I donate a portion of my commissions to the Wenatchee Valley Humane Society.

Jerry Paine

509-860-7696 • ncwrealestate.com Call me for all your real estate needs.

Windermere Real Estate/NCW

Laura Mounter Cell: 509-670-3303 Office: 509-665-9200 Laura@LauraMounter.com • www.LauraMounter.com

Bringing Your Dream Home 175 E. Penny Rd. ~ Wenatchee, WA 98801

Lorre Stimac Realtor cell: 509 670-7653 fax: 509 662-2164 lorrestimac@hotmail.com

Rebecca Hackworth 509-421-2007 (Direct) 509-662-2100 (Office) Rebeccahackworth@ymail.com Rebeccahackworth@century21.com

Century 21 Exclusively • 135 N. Mission, Wenatchee, WA 98801

www.wenatcheepremierhomes.com Stephen Office: 662-3491 Bishop fax: 664-3897

679-7004

Sharon Moreland

670-0075

Bringing Buyers & Sellers Together Leann McCamey Broker Associate

R E A L E S TAT E

679-1726 Connect to johnlscott.com/wenatcheeofice • 662-4772 • 1201 N. Wenatchee Ave. This Office independently Owned & Operated

Realtor’s Corner 10 Easy Mistakes Home Owners Make on Their Taxes By: G. M. Filisko, Published: January 5, 2012 March 7, 2012 Don’t rouse the IRS or pay more taxes than necessary — know the score on each home tax deduction and credit.

#1: Deducting the wrong year for property taxes You take a tax deduction for property taxes in the year you (or the holder of your escrow account) actually paid them. Some taxing authorities work a year behind — that is, you’re not billed for 2011 property taxes until 2012. But that’s irrelevant to the feds.

Enter on your federal forms whatever amount you actually paid in 2011, no matter what the date is on your tax bill. Dave Hampton, CPA, tax manager at the Cincinnati accounting firm of Burke & Schindler, has seen home owners confuse payments for different years and claim the incorrect amount. #2: Confusing escrow amount for actual taxes paid If your lender escrows funds to pay your property taxes, don’t just deduct the amount escrowed, says Bob Meighan, CPA and vice president at TurboTax in San Diego. The regular amount you pay into your escrow account each month to cover property taxes is probably a little more or a little less than your property tax bill. Your lender will adjust the amount every year or so to realign the two.

For example, your tax bill might be $1,200, but your lender may have collected $1,100 or $1,300 in escrow over the year. Deduct only $1,200.

Your lender will send you an official statement listing the actual taxes paid. Use that. Don’t just add up 12 months of escrow property tax payments. #3: Deducting points paid to refinance Deduct points you paid your lender to secure your mortgage in full for the year you bought your home. However, when you refinance, says Meighan, you must deduct points over the life of your new loan. If you paid $2,000 in points to refinance into a 15-year mortgage, your tax deduction is $133 per year. #4: Failing to deduct private mortgage insurance Lenders require home buyers with a down payment of less than 20% to purchase private mortgage insurance (PMI). Avoid the common mistake of forgetting to deduct your PMI payments. However, note the deduction begins to phase out once your adjusted gross income reaches $100,000 and disappears entirely when your AGI surpasses $109,000. Also, unless Congress acts to extend the PMI deduction again, 2011 is the last tax year for which you can take this deduction. #5: Misjudging the home office tax deduction This deduction may not be as good as it seems. It’s complicated, often doesn’t amount to much of a deduction, has to be recaptured if you turn a profit when you sell your home, and can pique the IRS’s interest in your return. Hampton’s advice: Claim it only if it’s worth those drawbacks. If so, here’s what to know about what you can write off. #6: Missing the first-time home buyer tax credit While the original home buyer tax credit deadline passed in April 2010 (and isn’t available in 2012), military families and some government workers on assignment outside the U.S. were given an extension until April 30, 2011, to get a home under contract and take advantage of up to $8,000 in tax credits for first-time buyers and $6,500 in credits for repeat buyers.

It applies to any individual (and, if married, the individual’s spouse) who serves on qualified official extended duty service outside of the United States for at least 90 days during the period beginning after Dec. 31, 2008, and ending before May 1, 2010. #7: Failing to track home-related expenses If the IRS comes a-knockin’, don’t be scrambling to compile your records.

Many people forget to track home office and home maintenance and repair expenses, says Meighan. File away documents as you go. For example, save each manufacturer’s certification statement for energy tax credits, insurance company statements for PMI, and lender or government statements to confirm property taxes paid. #8: Forgetting to keep track of capital gains If you sold your main home last year, don’t forget to pay capital gains taxes on any profit. However, you can exclude $250,000 (or $500,000 if you’re a married couple) of any profits from taxes. So if you bought a home for $100,000 and sold it for $400,000, your capital gains are $300,000. If you’re single, you owe taxes on $50,000 of gains. However, there are minimum time limits for holding property to take advantage of the exclusions, and other details. Consult IRS Publication 523. #9: Filing incorrectly for energy tax credits If you made any eligible improvement, fill out Form 5695. Part I, which covers the 30%/$1,500 credit for such items as insulation and windows, is fairly straightforward. But Part II, which covers the 30%/no-limit items such as geothermal heat pumps, can be incredibly complex and involves crosschecking with half a dozen other IRS forms. Read the instructions carefully. #10: Claiming too much for the mortgage interest tax deduction You can deduct mortgage interest only up to $1 million of mortgage debt, says Meighan. If you have $1.2 million in mortgage debt, for example, deduct only the mortgage interest attributable to the first $1 million.

This article provides general information about tax laws and consequences, but shouldn’t be relied upon by readers as tax or legal advice applicable to particular transactions or circumstances. Consult a tax professional for such advice; tax laws may vary by jurisdiction.

HomeFinder’s Plan Your Open Homes Tour by visiting homes.wenatcheeworld.com Weekend section is viewable all weekend and clicking on the Weekend Section!

homes.wenatcheeworld.com

North Central Washington

Homefinder’s WEEKEND N<<B<E; FG<E ?FLJ<J Saturday Open Homes

Wenatchee

$179,900

506 Nahalee Open Sat. 12-2 Wonderful home in Sunrise East 55+ park. Enjoy the extra large garage/shop, nice private patio, large rooms. Directions: Up Grant, left on Lyle, right on 5th, left to Sunrise.

Century 21 Exclusively Roberta Jackson 670-1773

$289,000 565 W. Rolling Hills

Open Sat. & Sun. 12-1:30 New on the market! Priced to sell quickly this affordable rambler in Mtn. Brook, built in 2010, 1,803 sq. ft., 3 bed, 2.5 bath.

Has permit in place for a shop! Directions: Easy St. to School St., left on Knowles Rd., right on W. Rolling Hills.

Laura Mounter Real Estate & Co. Stan Hartmann 741-0892

Wenatchee $75,000

906 Meadowridge Open Sun. 12:30-1:45 Spacious manufactured home in Meadowridge 55+ park.

1,620 sq. ft., 2 car garage, newer carpet and Hunter Douglas blinds. Directions: North side of 9th, West of College.

Laura Mounter Real Estate & Co. Shaunna Larson 860-5040

$164,900 1235 Malaga Ave. Open Sun. 12:30-2 Cute Rambler in great Private central location. 3 Bedrooms, 1.50 Baths with a large fenced yard. Directions: South on Miller, left on Red Apple Road, right on Malaga.

Premier One Properties Steve Bishop 679-7004 $196,900

1633 Concord Open Sun. 1-2:30 Fresh paint and carpet in this nice 4 bed, 2.5 bath split level home. 2 car garage plus established neighborhood. Directions: Up Orchard Street right on Poplar, right on Concord Century 21 Exclusively RJ Wallis 670-2007

$199,500 403 Oregon St. Open Sun. 12-1 Location! One of very few! 3 bedroom townhouse condo with 2 car garage! Directions: Orondo to Oregon; West.

John L. Scott Wenatchee Carol Kavanaugh 670-6762 $239,900 1838 Heritage Open Sun. 12:30-2                                         Laura Mounter Real Estate & Co. Cheryl Duncan 669-1698

Wenatchee

$273,000

332 Canyon Creek Dr. Open Sun. 12-1:30                                        Laura Mounter Real Estate & Co. Cindy Smith 664-6278

$289,900 1402 Kirby Lane Open Sun. 1-2:30 Roberts Construction Double car garage with tandem or all your toystoolshobbies, no stairs, UGE covered back patio.

Uniue replace in great room makes this home warm and coy.

Directions: Western, West on Maple Street, right on Kirby Century 21 Exclusively Nikki Birmingham 679-9246 $289,900 1406 Kirby Lane Open Sun. 1-2:30 Robert s Construction rambler with triple car garage, open kitchen with GORGEOUS masonry work, artwork alcoves, luxury outdoor living area, travertine tile and granite.

Directions: Western Ave, West on Maple St, right on Kirby Ln. Century 21 Exclusively Nikki Birmingham 679-9246

East Wenatchee

$419,900

4301 Anna Lane Open Sun. 2-3:30 Horse Heaven, irrigated, pasture & barn on 2.55 acres in Eaglerock. Daylight 2 level home, new stainless appliances, fresh paint, lighting, plush carpeting. River Views! Directions: American Fruit Road to Lovell, right on Anna.

Century 21 Exclusively Betsy Loomis 669-6464 “North Central Washington REALTORS® support our farmers, and the agriculture industry. Buy Washington produce.”

$429,500 2415 No. 1 Canyon Rd. Open Sun. 1-2:30 Bring you imagination and creativity for this large 4,780 sq. ft. rambler. 1.5 acres, 7 bed, 3.5 baths, commercial kitchen, double laundry, attached apartment. Additional 10 acres included. Directions: West on 5th to #1 Canyon, past Lars.

Windermere Real Estate/NCW Jerry Paine 860-7696

$229,000

708 Daniels Dr. Open Sun. 2:30-4 A Fixer with Fabulous Mission Ridge, Valley & River Views.

2,558 Sq. Ft .home with 4 Bedrooms and 2.75 Baths.

Directions: N. Eastmont to bend in road, left on Daniels Dr. Premier One Properties Steve Bishop 679-7004

$236,500 1832 NE. Glen St. Open Sun. 1-3                                         Premier One Properties Vikki Gilden 670-5428 $249,500

1441 Copper Loop Open Sun. 1:30-3 1801 Sq. Ft. rambler on large lot with room for RV parking.

Still time to pick your colors! Kitchen with breakfast nook and great room. Covered patio, 2 bedroom, 2 bath. Directions: SE 4th Street to Kansas.

Windermere Real Estate/NCW Julie Jessup 670-6637

$320,000

$599,000 595 W. Rolling Hills Open Sun. 1-3                                     Premier One Properties Kelly Thompson 264-3185

$375,000

1223 Jefferson Open Sun. 1:30-2:30 Wow! 3 bed, 1.75 bath, bonus room over 2 car garage, RV parking! Directions: Washington to Princeton; to Jefferson John L. Scott Wenatchee Carol Kavanaugh 670-6762

$191,900

1560 Tybeau Rd. Open Sun. 2-4 3 bed, 2 bath, 36x48 shop, irrigation, all appliances. Directions: Easy St. to Lower Monitor Rd, to Cassandra, to Tybeau.

John L. Scott Wenatchee Darlene Garton 881-1600

$391,500

1414 Benoy Avenue Open Sun. 3-4:30 Meticulously cared for home on private lot. 3 bed, 2.5 baths, formal living and dining room. 2 car garage attached plus additional 2 car in the detached shop area. 1.21 acres with irrigation water. Directions: Mulberry, off of Western to Benoy.

Century 21 Exclusively RJ Wallis 670-2007

$260,000 281 Lilly Lane Open Sun. 12:30-2                                           Laura Mounter Real Estate & Co. NormaJean Jessup 670-8340

$378,900

$417,900

$325,000 182 Red Fern Rd. Open Sun. 1-3 Better than new, this recently remodeled home is beyond your expectations! 2,300 sq. ft., 3+ bed, 2.5 bath rambler, .29 acre irrigated lot, too much to list! Directions: Easy St., East on Peter St., left on Burch Mtn. Rd, left on Red Fern Rd. Laura Mounter Real Estate & Co. Rica Insley 630-6482

$499,000

1829 Castlerock Open Sun. 11:30-1                                      Century 21 Exclusively Betsy Loomis 669-6464

200 Rolling Hills Open Sun. 1-3 This is a very comfortable, updated home with a HUGE shop and additional living area above. 4 bed, 3.5 bath. Granite in kitchen that opens to family room. Plumbed/wired for 2nd full kitchen. Directions: Ups Burch Mtn. Rd., left on Rolling Hills.

Premier One Properties Gary Mullen 679-4132

Sunnyslope

$299,000 351 19th St. NE #7 Open Sun. 1-3                                     Century 21 Exclusively Pam Wright 860-4487 $329,000 1931 NW Cascade Open Sun. 2:30-4 Home, Land & Shop all close in by Riverfront trail. Estate sale divide, multi family or room for the bike track! Well built 4 bedroom home. Directions: West on NW 19th to Cascade NW. Laura Mounter Real Estate & Co. NormaJean Jessup 670-8340 621 Briarwood Drive Open Sun. 12:30-2                                        Laura Mounter Real Estate & Co. Lela Castro 509-322-6060 854 Briarwood Dr. Open Sun. 2-3:30 Quality Daylight Rambler and professionally landscaped. Two family rooms, 1 up, 1 down, 5 bed, 3.5 baths, 3,607 sq. ft.

Beautiful views from the deck and private patio. Directions: North on Eastmont Ave. to Briarwood, left on Briarwood Drive Laura Mounter Real Estate & Co. Cindy Smith 664-6278

For additional information on these Open Houses visit: www.ncwaropenhouses.com

OPEN HOUSES See Our Open Houses and other Fine Listings at www.century21exclusively.com

135 N. Mission Wenatchee, WA • 509-662-2100

$289,000..........EAST WENATCHEE 661 BRIARWOOD TERRACE Amazing Family home at an affordable price in Briarwood!

3bed/2.5 bath. This home is completely decked out.

Interior appointments are top of the line. Great floor plan. Great outdoor area with built-in deck appliances.

Sport court, three-car garage. The list goes on and on.

This one won’t last! $359,000. Please Call Jeff Benson, Premier One Properties 630-6859 for more information.

MLS#697698

www.premierone.biz 925 Fifth St., Wenatchee • 662-3491

OPEN HOUSE SUN., APRIL 1

RESERVE YOUR SPACE TODAY!

6415 Summit Drive, Wenatchee

$399,000

Call Rebecca Hackworth 509-421-2007 Century 21 Exclusively

Get your home loan from the home team.

$269,900..........EAST WENATCHEE Gorgeous new rambler! 3 bedrooms, 2 baths, office, elegant entry, open floor plan, wide hallways, wood and tile flooring, Beautiful lighting above kitchen island and in dining room. Many upgrades throughout. MLS#697689 Vera Salas 670-8596

$239,900..........EAST WENATCHEE Better Price! Beautiful 4 bedroom, 2.5 bath home in the great neighborhood of Manhattan Square. Fresh paint and carpet, attached 3 car garage, fenced rear yard, and RV parking. MLS# 697434 Jamie Wallace 670-3305

$225,000....................WENATCHEE

1-3 pm

All brick 5 bd / 3.5 bath view home with large kitchen island, utility with bath, main level 3 car/900 sq ft garage, finished lower level 1268 shop/garage, and storage everywhere.

Squilchuck Rd. to Forest Ridge. Continue to Summit View and follow to cul-de-sac.

Country Club Home! Original 1930’s Yellow Colonial with white shutters. 3,108 sq ft, views, quality construction, arched doorways, leaded glass windows, Philippine Mahogany trim, full attic ready to finish. MLS# 697686 Jolly Seyster 670-2500

Contact: Tom

Move in ready 3 bedroom split level. New carpet, paint, & laminate flooring. Office/ bonus room, fenced backyard, garden space, and deck off dining room. Great value in this Western Heights location. MLS# 697692 Geordie Romer 679-8958

$209,900..........EAST WENATCHEE So much larger than it looks! Nicely updated 4 bedroom 2,042 sq ft home. Master with view deck, changing area and 3/4 bath. Nice family room with slider to protected patio area. MLS# 697639 Jamie Wallace 670-3305

$185,000.......................... MALAGA Huge Shop! Large 1/2 acre lot with 30x40 shop. Beautiful 1863 sq ft, 4 bedroom, 2 bath, manufactured home with vaulted ceilings, huge kitchen, and gorgeous master suite.

MLS# 697321 Jerry Paine 860-7696

Nees

509-860-2091

$179,900............ DESERT CANYON

nees@wenatcheeworld.com

Gorgeous golf resort condo. Spectacular views & designer upgrades. Spacious master suite with jacuzzi tub. 3 bedrooms, 2 baths, double garage. Fannie Mae HomePath property, approved for HomePath Financing. MLS# 697031 Jamie Wallace 670-3305

Talk To Tom About

OPEN HOUSES • AGENT FINDER FEATURED LISTINGS REALTOR SPOTLIGHT

Windermere Real Estate / NCW

662-7184 • 1-800-841-0055 www.windermerewenatchee.com

If you’re in the market for a home loan in the Wenatchee area, connect with Brette Sangster and Cori Bautista. They can help you with any type of loan package, including purchase, refinance, first time home buyers, FHA/VA, custom construction, Guaranteed Rural Housing, manufactured home loans, reverse mortgages, and more. And no one is more connected to the Valley we call home. So call or stop by and pay Brette and Cori a visit. Your home team would love to help.

Brette Sangster, VP and Cori Bautista, CME Residential Loan Officers 501 N. Mission St. Wenatchee, WA 98801 Brette (509) 886-8282 Cori (509) 886-8285

www.bannerbank.com

Member FDIC