HomeFinders Weekend July 27-29, 2012

homes.wenatcheeworld.com

North Central Washington

Homefinder’s WEEKEND

WEEK OF JULY 28TH

People & Places

RESERVE YOUR SPACE TODAY! Contact: Tom

Nees

509-860-2091 nees@wenatcheeworld.com

OPEN HOUSES AGENT FINDER FEATURED LISTINGS

Andrews

Featured

Agents

REALTOR’S CORNER

245,900

Spacious home with great room and versatile kitchen. Separate oversized bedrooms offer an active family privacy and comfort on one side for the kids or an office, and tucked away on the other side is a large secluded master suite. Master suite features include a five-piece bath, large walk-in closet, soaking tub, and double sinks. Plus, house includes large laundry room and ample storage.

Congratulations!

Russ Andrews has been named designated broker at Windermere Real Estate/NCW. Andrews has been a licensed real estate agent since 1990 and a licensed real estate broker since 2005.

Russ

REALTOR SPOTLIGHT

$

136 Sun Valley Drive

1 S. Chelan St., Wenatchee •

Talk To Tom About

OPEN

Real estate agents Rebecca Hackworth and Harold Jones have joined John L. Scott Wenatchee.

Jones is a managing broker with 15 years Rebecca Harold Hackworth Jones experience in the Wenatchee Valley.

Hackworth was a real estate agent for eight years in Ocean Shores before moving to Wenatchee in 2011.

Fridays 12-5 Saturdays 11-3

• • • •

1826 Sq. Ft. 3 Bedrooms Plus Office 2.5 Baths Spacious and Open Kitchen

• • • •

Versatile Plan 24’ x 24’ Garage Covered Porches Front and Rear Mountain Views

WENATCHEE 509.663.1722 LEXARHT906QT • LEXARHT903QT • LEXARHT901QT • CCB#184514

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

Bringing Buyers & Sellers Together

Coldwell Banker LaVigne

Leann McCamey

1 S.1 Chelan St., Wenatchee • 509-888-8887 S. Chelan St., Wenatchee • 888-8887

Broker Associate

Debbie Chase • 630-0235 • ColdwellBankerLaVigne.com

R E A L E S TAT E

679-1726 Connect to johnlscott.com/wenatcheeofice • 662-4772 • 1201 N. Wenatchee Ave.

People are “Our Business” ”

This Office independently Owned & Operated

741-2548 Cell

~ Buying or selling...together we can unlock your dreams! ~ ~17 years marketing & ~ Buying or selling...together w ~ new construction experience heidi@premierone.biz

Over 21 Years of Real Estate expertise partnered with the National Exposure of !

Melissa Kiser 509.668.8800 Melissa@MelissaKiser.com

Search Every Wenatchee Real Estate Listing at www.NCWhomes.com

Office: (509) 888-3950

gary@premierone.biz Cell 509-679-4132 garymullenrealestate.com

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

679-7004

Sharon Moreland

670-0075

Realtor’s Corner Questions & Answers The political rhetoric surrounding the presidential election has renewed the debate about the Administration’s Health Care Bill. We are again getting many questions about a possible 3.8% tax on home sales that some claim is in the bill. To answer these questions, we have decided to re-run a blog we posted earlier this year. – The KCM Crew We have received many questions about a possible 3.8% tax which will be put on home sales beginning in 2013. We want to do our best to clarify this situation for everyone. We are not accountants and give you this information just as a simple answer to the misconception. Understand that, when it comes to IRS regulations, you should check with your accountant for the most accurate and up-to-date information.

A little history on the confusion: FactCheck.org explains it this way: The truth is that only a tiny percentage of home sellers will pay the tax.

First of all, only those with incomes over $200,000 a year ($250,000 for married couples filing jointly) will be subject to it. And even for those who have such high incomes, the tax still won’t apply to the first $250,000 on profits from the sale of a personal residence — or to the first $500,000 in the case of a married couple selling their home.

We can understand how this misconception got started. The law itself is couched in highly technical language that only a qualified tax expert can fully grasp. (This provision begins on page 33 of the reconciliation bill that was passed and signed into law.) And it does say the tax falls on “net gain … attributable to the disposition of property.” That would include the sale of a home. But the bill also says the tax falls only on that portion of any gain that is “taken into account in computing taxable income” under the existing tax code. And the fact is, the first $250,000 in profit on the sale of a primary residence (or $500,000 in the case of a married couple) is excluded from taxable income already. (That exclusion doesn’t apply to vacation homes or rental properties.)

The Joint Committee on Taxation, the group of nonpartisan tax experts that Congress relies on to analyze tax proposals, underscores this in a footnote

Rebecca Hackworth 509-421-2007 (Direct) • 509-662-4772 (Office) Rebeccah@johnlscott.com

R E A L E S TAT E

Contact me today for details on how the new tax law will affect you. on page 135 of its report on the bill. The note states: “Gross income does not include … excluded gain from the sale of a principal residence.”

And just to be sure, we checked with William Ahern, director of policy and communications for the nonprofit, pro-business Tax Foundation. “Some home sales would see a tax increase under this bill,” Ahern told us, “but it would have to be a second home or a principal residence generating [a gain of] more than $250,000 ($500,000 for a couple).”

Simple Explanation: The following simple explanation comes from midiShaw: The tax will affect those sellers of real property who will be otherwise taxed on capital gains under current tax laws. Under current laws, if you sell your primary residence and meet the ‘time ‘ criteria, you are exempt up to $250,000 or $500,000 (filing individually or jointly). Any amount realized OVER that amount is taxable under current tax schedules based on income. As such, this new tax will apparently be added to the current capital gains tax burden IF your income is over $200,000/$250,000 (filing individually or jointly). For those selling second homes and investment properties, the tax, once again, will be applied to the amount of gain realized.

Detailed Explanation: The following also comes from midiShaw in a comment to the above answer: Beginning in 2013, the national health care reform legislation that became law in March, 2010, imposes a new 3.8 percent tax on certain investment income. The new tax will apply to single filers with incomes over $200,000 and married taxpayers with incomes over $250,000. Under the law, the investment tax provisions in Chapter 2A of the Internal Revenue Code are placed under the heading “Unearned Income Medicare Contribution.”

In general, this new Medicare tax will apply to investment income that is subject to income tax, which includes capital gains. Pursuant to IRC Section 1402 (C)(1)(A)(iii), the investment income to which this new tax applies includes “net gain” (to the extent taken into account in computing taxable income) attributed to the disposition of property that qualifies as a capital asset under Section 1221 (capital gains), as well as gains on other property that are considered part of ordinary income.

We offer this just as an explanation. Remember, when it comes to IRS regulations, you should check with your accountant for the most accurate and up-to-date information.

homes.wenatcheeworld.com

North Central Washington

Homefinder’s WEEKEND

WEEK OF JULY 28TH

July 28 & 29, 2012

N<<B<E; FG<E ?FLJ<J Wenatchee

Wenatchee

East Wenatchee

East Wenatchee

$169,000

758 8th NE Open Sun. 2:30-4                                  Century 21 Exclusively Pam Wright 860-4487

$267,000 1494 Eastmont #49 Open Sun. 12-1:30                                         Laura Mounter Real Estate & Co. Cindy Smith 664-6278

$198,000 1034 N Harrison Ct. Open Sun. 1:30-3                                         Coldwell Banker LaVigne Debbie Chase 630-0235

$272,500

$199,000 1110 5th St. Open Sun. 12:30-2                                   Coldwell Banker LaVigne Carole Keane 630-6609

Starting at $309,950

Rivervue Open Sat & Sun 12-4 Model homes from 1965-2814 Sq. Ft. Impressive designs, ramblers, two story, daylights, complete with landscaping.

Starting at $309,950. Directions: RIVERVUE; Corner of SE 8th and Lyle.

Premier One Properties Sharon Moreland 670-0075

$199,000 201 NW 22nd Street Open Sun. 1-3                                   Century 21 Exclusively Karen Boghokian 860-9052

$426,900

$279,000

$204,900 477 N. Joseph Open Sun. 2-3:30 Over 1800 sq. ft. on a beautifully landscaped shy 1 acre. Room for shop, U-shaped driveway. Directions: Up Grant, left on Joseph.

Century 21 Exclusively Bitsi George 670-8555

$619,900

$499,000

$207,900 1380 Eastmont #1204 Open Sun. 1-3 Beautifully welcoming 2 bed, 2 bath home, with updated kitchen featuring all stainless appliances, granite eating bar and more! Oversize rooms and extra large garage. Directions: North on Eastmont, left into Stoneridge Condos, North Entrance.

Premier One Properties Vikki Gilden 670-5428

$69,500

$364,999

$225,000

$385,000 9 Summercreek Place Open Sun. 2-4                                       Premier One Properties Gary Mullen 679-4132

1638 Meadowridge Dr. Open Sun. 12-1:30 4 Bedroom, 2 Bath, over 1,800 sq. ft. in spiffy manufactured home in a 55+ park. Close to medical center, shopping and parks. Directions: West on Ninth St., North on Meadowridge Dr. (North side of park) Laura Mounter Real Estate & Co. Donna Pipkin 669-9890 25 Furney Open Sun. 12-2 3164 Sq. Ft. rambler with many upgrades and full basement.

Directions: Miller St. to West on Washington, right on Furney.

John L. Scott Wenatchee Darlene Garton 881-1600

$240,000

1223 Jefferson St. Open Sun. 12-1:30 RV parking, shop, 3 bed, 1.75 bath, bonus room, 2 car garage!

Directions: Washington to Princeton, to Jefferson.

John L. Scott Wenatchee Carol Kavanaugh 670-6762

542 Saddlerock Loop Open Sun. 1-3                                     Coldwell Banker LaVigne Barb Dodge 630 6539

$399,900 200 Rolling Hills Open Sun. 12:30-2:30 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: Up Burch Mtn. Rd., left on Rolling Hills.

Premier One Properties Steve Schwind 421-1150

$260,000 212 Brandi Lane Open Sun. 1-3 Nice 3 bedroom, 2 bath rambler in a great neighborhood.

Many upgrades and new paint. Room for 3 cars in the garage.

Directions: Washington to Brandi Lane Century 21 Exclusively RJ Wallis 670-2007

$445,000

$269,900 1310 2nd Street Open Sun. 12-2                                     Century 21 Exclusively Pam Wright 860-4487 $284,500

2510 Day Drive Open Sun. 12-1:45 Incredibly well kept home with lots of space! Many updates including a new roof and new windows throughout. Boat and RV parking on side of garage with full RV hookup!! Directions: West on 5th, right on Surry, left on Lester, right on Day Drive.

Premier One Properties Gary Mullen 679-4132

$300,000

1411 Orchard Open Sun. 2-3 RV parking, master on main, 3 bed, 2.25 bath, bonus basement, garage/shop. Directions: Miller to Orchard.

John L. Scott Wenatchee Carol Kavanaugh 670-6762

2017 Broadhurst Pl. Open Sun. 2-3:30                                   Laura Mounter Real Estate & Co. Cindy Smith 664-6278

Sunnyslope 565 W. Rolling Hills Open Sun. 11:30-1 Affordable rambler in Mountain Brook! 3 bed, 2.5 bath, 1,803 sq. ft. ready for landscaping, room for pool, shop on .56 acres with irrigation. Help with closing costs. Directions: Easy St., right on School St., left on Knowles, right on Rolling Hills.

Laura Mounter Real Estate & Co. Nannette Saint 679-2741 189 Red Fern Open Sun. 1-3 Quiet cul-de-sac. Custom daylight rambler offers great space with almost 5000 sq. ft. Full in law apartment on lower level has 2 of the 5 very spacious bedrooms. Too much to mention. Directions: Easy St. to E. Peters, Burch Mtn. Rd., left on Red Fern.

Century 21 Exclusively Lee Hildebrand 669-7601

$329,900-$399,900 2116-2109 Yarrow Rd. Open Sun. 12-2

                                  Century 21 Exclusively Betsy Loomis 669-6464

$340,000 2115 Sage Grouse Open Sun. 12-3                                   Premier One Properties Mae Hamilton 630-1104

East Wenatchee $162,500

612 S. Larch Ave. Open Sun. 1-2:30 Affordable, big home on big lot! Large 3 bed, 2 bath manufactured home on landscaped, irrigated .56 acre. 1800+ sq. ft., views, family room, comfortable living areas, nice master suite!

Directions: Grant Rd. to S. Kentucky, left on SE 6th, right on Larch.

Windermere Real Estate/NCW Jerry Paine 860-7696 “North Central Washington REALTORS® support our farmers, and the agriculture industry. Buy Washington produce.”

$254,90O 1380 Eastmont #1201 Open Sun. 12-1:30                               Laura Mounter Real Estate & Co. Vicki Telford 860-0532 $259,900

2178 Blackstone Court Open Sun. 12:30-2:30 2012 4 bed, 2.5 bath home in newer development.

Custom cabinets, granite counter tops and hardwoods. Master features 2 closets with built-ins. Directions: North on Baker, right on 21st, left on Blackstone Ct. Century 21 Exclusively Gene Palmquist 393-9820

1507 Eastmont Open Sun. 12-2 Pool! Wonderful 4 bedroom, 3 bath, original owner home. This home has 2 kitchens for convenience and RV Parking too.

Directions: ??

Century 21 Exclusively Roberta Jackson 670-1773

2728 Angel Lane Open Sun. 11:30-1 New price on this 5,044 sq. ft. 4+ bed home with awesome views! RV shop, large .68 irrigated acres. Security system and 2 heat pumps. Directions: North on Sunset Hwy, right on 27th, left on Angel Lane.

Laura Mounter Real Estate & Co. Kandi Wilson 433-1225

979 Briarwood Drive Open Sun. 3-5 First open for this custom, private view home. This daylight rambler will please everyone with 4+ bedrooms, 3.5 baths, 5 car garage, gourmet kitchen, 4853 sq. ft. Directions: Eastmont to Briarwood Terr., to dead end, left on Welch, right on Briarwood.

Premier One Properties Steve Schwind 421-1150

Cashmere $195,000

401 Cottage Avenue Open Sun. 1-3 Craftsman Bungalow in Historic District. Formal dining, charming country kitchen, fresh interior paint, big double garage with shop area. 2 bed, 2 bath. Directions: West on Cottage Avenue, home on the right.

NCW Realty Patti Davis 670-4690

Entiat $179,000

9939 Entiat River Road Open Sun. 1-3 Beautiful Riverfront Property and Home offers 2.37 acres set up for camping and hunting or full time living. Cute old cabin with cook stove and loft by the river, 3 bedrooms, 1 full bath.

Directions: 11 miles up Entiat River Road.

Laura Mounter Real Estate & Co. Rica Insley 630-6482

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

ATTENTION HOMESELLERS! Is your home being listed and promoted by a local Realtor in the region’s most widely distributed Real Estate Magazine?

The HomeFinder’s Guide distributes 10,000 copies all over NCW AND an additional 10,000 copies in the Wenatchee World.

Sell your home faster using a Realtor in the region’s premier Real Estate Magazine: HomeFinder’s Guide.

3 PM  2 1 .

SUN N E P O 2115 Sage Grouse Rd., Wenatchee IMPRESSIVE Retirement/Downsizing Home!

NO stairs anywhere...Featuring Granite, Hardwood, Stainless , Completed Office, Tandem Shop, Greenhouse, Covered Patio, Landscaped Fenced Back Yard.

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

Hamilton $340,000 Mae 509-888-3950

Premier One Properties

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

Premier One Mae Hamilton Spotlight

$398,000......... EAST WENATCHEE THE PERFECT STAYCATION? You’ll never want to leave this nearly new daylight rambler with Columbia River & mountain views from deck, patio & wall of windows.

Private community waterfront & RV parking. MLS# 698949 Kathy Emerick, 421-5934

$227,500......... EAST WENATCHEE Well maintained 3 bedroom 2 bath rambler, partial unfinished basement. Updated, 2000+sq ft. Large family room, big master suite. Park-like fenced yard, koi pond, deck, above ground pool. Garage/shop, RV parking.

MLS# 698665 Jerry Paine 860-7696

$180,000........ EAST WENATCHEE A few personal touches will really make this sparkle! 2006 rambler has open floor plan on large corner lot. Vaulted ceilings, nice separation of 3 bedrooms, 2 baths. Two car garage, RV parking, patio, fenced yard. MLS# 698801 Becky Long 741-0287

$169,900...................WENATCHEE Tidy, bright & full of character! Gardener’s dream yard with flower beds, gazebo, fencing for privacy. Hardwood floors, tiled bath, builtins, updated kitchen, HVAC. 3 bedrooms, 1 bath, unfinished basement. MLS# 698939 Jamie Wallace 670-3305

$144,900......... EAST WENATCHEE Great big lot and generous sized house. 3 bedrooms, 2 baths, family room, covered deck, views and very close to schools and play fields. MLS# 698936 Jamie Wallace 670-3305

Windermere Real Estate / NCW

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

HomeFinder’s Weekend section is viewable all weekend

1380 EASTMONT – EAST WENATCHEE One level rambler style condo in the Stoneridge development.

No unit above or below you. Two bedroom, two bath home with fireplace in the family room. Private, fenced patio on the shaded East side of the building. Enjoy the carefree condo lifestyle. $230,000. Please contact WAYNE LORANGER @ 669-3202 for more information. MLS# 698919

661 BRIARWOOD TERRACE – EAST WENATCHEE AMAZING BRIARWOOD HOME for only $350,000. This home is priced to sell. Similar homes are going for close to $400,000. Custom everything, three car garage, outdoor kitchen, sport court, top of the line finishes. A real must see!

Contact JEFF BENSON at 630-6859. Premier One Properties MLS# 697698

222 AUSTIN AVE. - WENATCHEE RIVER VIEW, affordable price. $239,999 home has been updated with newer carpets and paint. Double garage. ZERO down USDA financing. Private location. 1 acre lot waiting for your touch. call JUNE STANAWAY 699-1321. MLS# 698851

COMMERCIAL LEASE SPACE – 32 N. MISSION – WENATCHEE Up to 5500 square feet available. Currently being remodeled to accommodate KOHO radio on the second floor. The main floor area is open to transform into the space that you are looking for. Historic building getting a new twist. Parking available across the street. Call WAYNE LORANGER @ 669-3202 for more information. MLS# 698688

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

Plan Your Open Homes Tour by visiting

homes.wenatcheeworld.com and clicking on the Weekend Section!