WRE

Winter Real Estate Guide 2019

R eal E state G uide Winter 2019

Citizen North Coast

A Special Publication of

Headlight Herald

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2 • Winter Real Estate Guide 2019

Top 8 Bare Land Sales

in Lincoln County from July to October 2019 2490 NE 27th Dr, Lincoln City, OR 97367 # of Acres: 0.12 Sold Date: August 16, 2019 Sold Price: $16,000 1909 Lot NE 20th St., Lincoln City, OR 97367 # of Acres: 0.11 Sold Date: August 7, 2019 Sold Price: $20,000 30 Sea Crest Way, Otter Rock, OR 97369 # of Acres: 0.19 Sold Date: July 12, 2019 Sold Price: $37,000 4600 Blk Chaucer Ct., Depoe Bay, OR 97341 # of Acres: 0.19 Sold Date: October 31, 2019 Sold Price: $56,000

CITY OF LINCOLN CITY NEW SINGLE FAMILY RESIDENCE PERMITS JULY 341 NE 40th Ct, Whisler Const 2987 NE 61st Pl, Alpha Builders 2053 NE Mulberry Loop, Whisler Const 4573 SW Beach Ave, Blue Mountain Construc�on AUGUST 3275 NW Mast Ave 607 SE Quay Ave, MSC OR 307SE Reef Ave, MSC OR 2416 SW Coral Ave, Olivia 1856 NW 47th St, Comfort Homes

LINCOLN COUNTY NEW SINGLE FAMILY DWELLING PERMITS (O�s-Depoe Bay) JULY 349 Salishan Dr Gleneden Beach – New 4bd home on Vacant Lot [7/5/19] AUGUST None in area SEPTEMBER 4711 N Hwy 101 Depoe Bay – New 3bd 2ba SFD

SEPTEMBER 718 SW Bard Rd, Olivia Beach 638 SE Keel Ave, Hi-Line Homes 3240 NW Mast Ave, Adair Homes 2519 SW Dune Ave, Newman Construc�on 1900 NE 68th St, Halvorson-Mason

TL 2101 Rhododendron Ave., Gleneden Beach, OR 97388 # of Acres: 0.11 Sold Date: October 25, 2019 Sold Price: $63,000 Lot 18 Trout Pl., Gleneden Beach, OR 97388 # of Acres: 0.13 Sold Date: July 31, 2019 Sold Price: $79,800

541.418.3101 Cell 541.994.7760 Office 541.994.9582 Fax

1520 Walking Wood, Depoe Bay, OR 97341 # of Acres: 0.35 Sold Date: July 12, 2019 Sold Price: $135,000 15 Fishing Rock Dr., Depoe Bay, OR 97341 # of Acres: 0.34 Sold Date: September 6, 2019 Sold Price: $179,450 Sponsored by:

Hannah Katz, Broker, Realtor, Coldwell Banker Professional Group, OR LIC#201231711

Hannah.Katz@ColdwellBanker.com Website: hannahkatz.realestate 1815 NW Hwy 101 Lincoln City, OR 97367

HANNAH KATZ Broker, REALTOR OR LIC#201231711

Each Office is Independently Owned and Operated

Representing Buyers and Sellers from the Valley to the Coast

Winter Real Estate Guide 2019

Free Estimates!

RESIDENTIAL CONTRACTOR Home Repairs Home Remodels Custom Projects

503-919-0764

jsholzgrafe@gmail.com

gagellcconstruction.com

AVAILABLE PROPERTY LIST Ǥ

OFFER PENDING Parcel #

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NEAREST TAX CITY / ADDRESS (If Available) / GENERAL DIRECTIONS & LOT COMMUNITY PERTINENT INFORMATION

MAP #

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ʹͷͲ̵ ͳ Ǥ OCEANVIEW! Ǧ Ƭ Ǥ DirectionsǢ ͻ Ǥǡ Ǥǡ ͳͲ Ǥǡ Ǥ Ǥ Ǥ

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LAST AUCTION DATE OR PRIVATE SALE NOTICE

THIS IS NOT NECESSARILY THE CURRENT PURCHASE PRICE - PLEASE READ THE GENERAL INFORMATION PAGE. ʹʹ Ǥ Ƭ Ǥ ȋ ǡ Ͳ͹ǦͳͳǦͳͲǦ ͷͷͲͲ ǤȌ Ǧ Ǥʹʹ 2430 NE 14th St., Unit 57 ȋ ͷ͹

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APPROX. SIZE

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MINIMUM BID @ LAST AUCTION

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Property Management Contact Information Lincoln County Property Management 880 NE 7th Street, Newport, Oregon 97365-2599 tel: (541) 265-4967 • fax: (541) 574-1295 Amy Howard, Property Manager propertymanagement@co.lincoln.or.us Office Hours by Appointment Information is deemed reliable at the time of publishing and Country Media, Inc. is not responsible for any properties listed. Please contact Lincoln County, OR and a licensed professional for more information.

Come See us at our new location!

Lincoln City Branch Office NMLS# 1484725

2110 NE 36th Drive/ P O Box 139 • Lincoln City, OR 97367 Office Phone: (541) 418-5010 www.evergreenhomeloans.com/offices/lincoln-city-oregon

CCB# 222261

© 2019 Evergreen Home Loans is a registered trade name of Evergreen Moneysource Mortgage Company® NMLS ID 3182. Trade/service marks are the property of Evergreen Home Loans. All rights reserved. Licensed under: Oregon Mortgage Lending License ML-3213.

4 • Winter Real Estate Guide 2019

Things to consider before buying an investment property

Serving the Oregon Coast & Beyond

R

eal estate can be an incredibly fruitful investment. Buying a property at the right time can provide investors with a substantial return when they decide to sell, and that opportunity compels many men and women to consider investing in real estate.

While there’s no denying real estate can yield a great return on buyers’ initial investments, there’s more to making money in real estate than simply buying a property and waiting for its value to rise. Buyers who are thinking of investing in real estate should consider a host of factors before purchasing an investment property.

Price trends Recent sale activity in a given town or neighborhood is something prospective real estate investors should study before buying an investment property. Would-be real estate investors can explore local real estate websites for recent sale information, which may also be available through local government agencies. Such data can be invaluable, showing potential investors which neighborhoods are in demand and which may be in decline.

Taxes Investment properties are not eligible for as many tax benefits as primary residences. However, landlords can write off repairs, management costs and other fees associated with rental properties. But it’s not just their own tax bill prospective investors should consider before buying an investment property. Many potential buyers down the road may prefer a property in an area where property taxes are relatively low, so even if you can afford the tax on the investment property, you may find buyers are unwilling to assume that burden when you put the property up for sale in the future.

Location Prospective real estate investors no doubt know the value of location with regard to real estate, but if you can’t afford to buy in a neighborhood that’s currently hot, that does not necessarily mean you can’t still capitalize on that area’s popularity. When a town becomes popular, its property values rise, and many buyers find themselves just barely priced out. When

that happens, the surrounding towns tend to become the next hot neighborhood, as these areas are nearly as close to the attractions that make the initial neighborhood so desirable. Buying on the outskirts of a hot neighborhood can set you up to benefit nicely when that area gets too pricey.

Qualities to look for in a property manager After buying your very own income property, it’s important that you hire the right person to manage your investment.

Here are just a few qualities that make for an effective property manager: • Good people skills: to communicate effectively with your tenants.

• Organized: to ensure rent is always collected on time.

• Trustworthy and professional: this is your building; you want to leave it in the hands of someone with a good background.

• Handy: you never know when you might be able to save some money on minor maintenance.

Real estate can be a fruitful investment, and investors who want to benefit the most from their properties will explore various factors before purchasing a home or homes.

Mindy Landry Property Manager rentals@lcpm.info

Your personal property management company that gets better tenants quickly, collects rents timely, manages maintenance responsibly.

www.leftcoastpropertymgmt.com

Winter Real Estate Guide 2019

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Factors to consider when buying a home ome ownership is a dream for many people. In fact, buying a home is considered by many people to be a major life accomplishment.

Various factors determine what makes a home an attractive place to live. While some considerations may overlap, others may be unique to individual buyers. Those new to the real estate arena may want to consider the following factors as they search for a new place to call home.

Property taxes Property taxes can greatly affect the overall cost of living in a particular home. The real estate company RedFin says property taxes are generally levied by each county and often include taxes paid to schools, utility companies and municipal governments. Property taxes will usually be factored into a monthly mortgage payment, and how high (or low) taxes are can turn an affordable mortgage payment

into something that can break a budget. When calculating payments, be sure to include property taxes in your estimates.

Job security/availability The financial resource Fortune Builder says to consider your job security before taking the home ownership plunge. Before committing to an investment as substantial as a home, ensure that you are secure in your job.

Similarly, if you are relocating for job prospects, verify that the new location has a thriving job market.

Local schools For potential homeowners with children or those planning on becoming parents, area schools should merit significant consideration. Research school rankings and reviews, but know that rankings can change. American Family Insurance Company says to also look at the school budget

history of towns you’re considering to see if residents prioritize funding for education. This can be a measure of how important education is in a given community.

Commute times Home ownership involves both lifestyle and financial decisions.

Calculate the time it will take to travel to and from work when considering a certain town or neighborhood. Find out if there is mass transit and what options are available for off-hour travel needs.

Lifestyle options Quality nightlife, arts and history, community events, proximity to cultural centers or cities, and other factors are at play in choosing a home. Make sure your new community allows you to still enjoy the things you’re passionate about.

Buying a home involves considering various factors that can affect your budget and quality of life.

Start your dream business today! Super location for this commercial building plus large paved parking lot with 11 spaces & Hwy frontage.

MLS# 19-588 $429,000 Call Judy Sours, Broker/Owner License # 910200142, 503-812-2520

HomeSource

Real Estate Sales • Land Use • Easements (503) 842-6633 • 2308 3rd Street, Tillamook, OR www.albrightkittell.com

Ocean and Bay View Home w/Shop on Private .77 acre Wooded Setting! This sunny & bright 2 bed, 2 bath home w/bonus room & shop is the perfect Oregon Coast Getaway.

MLS #19-520 $335,000 Call Tracy Jones, Broker License # 201213215, 503-812-7808

H48276

H

IS WORKING FOR YOU!

H47770

165 S Miller St., Rockaway Beach Or Office Phone: 503-355-2010

Judy Sours

Tracy Jones

5

6 • Winter Real Estate Guide 2019

H48253

Don’t Wait Until Black Friday!

Get Unbeatable Deals NOW!!

Winter Real Estate Guide 2019

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7

Simple ways to cut mortgage costs M

onthly mortgage payments are the biggest single expense for many homeowners. So it’s understandable why plenty of homeowners would love to trim those costs.

A host of factors determine how much homeowners pay for their mortgages each month. The cost of the home, the amount of the initial down payment and property taxes, which are often folded into monthly payments, will factor heavily into the cost of home ownership. While homeowners may feel as though there’s little wiggle room to cut the costs of their mortgages, there are several ways to do just that and potentially trim years from the life of a home loan.

owners substantial amounts of money each month. Homeowners are typically eligible for lower interest rates when refinancing their loans, meaning they will pay less in interest each month. However, refinancing is not free, so homeowners should first check the going home interest rates and examine their credit scores to see if the interest rate they’re likely to get upon refinancing will save them money. The cost of refinancing might be more than homeowners can save.

Request a tax reassessment Real estate values increase and decrease, and homeowners who feel their homes have decreased in value can request that their homes be reassessed. Homeowners whose homes are assessed at a value lower than the current value can expect to pay less each month in taxes.

Make bi-weekly payments Making bi-weekly instead of oncea-month payments can save homeowners substantial amounts of money. A year’s worth of once-a-month payments equates to 12 payments per Homeowners hoping to cut mortyear. But homeowners who pay on a gage costs have various options at bi-weekly basis will make 26 half paytheir disposal. ments, or 13 full payments, per year. That Thinking of Selling Your Home? extra annual payment can be applied directly D! E to the principal, draS O matically reducing how L C much homeowners pay in interest over the life of their loans.

Refinance the loan Refinancing a loan also can save home-

Tillamook - CLOSED!

Tillamook

It’s a GREAT time to be a Seller!

G! N DI N PE

Pacific City

G! N DI N PE

G! N DI N PE

Pacific City

Lincoln City

Erin Fouche’

Oregon Real Estate Broker

H48343

Stop paying PMI Homeowners whose initial down payments are less than 20 percent of the sale price will have to pay private mortgage insurance, or PMI. But once the balances on such mortgages falls below 80 percent, homeowners can cancel such insurance.

Homeowners may also be able to stop paying PMI by having their homes reappraised.

Cell: (503) 510-8043

erin@shorepineproperties.com 5975 Shorepine Drive, Pacific City, OR, 97135 www.shorepineproperties.com

Real Estate with a Reason

H48296

8 • Winter Real Estate Guide 2019

Pam’s Homes by the Water

OCEANFRONT TIERRA DEL MAR – Gorgeous view includes Cape Kiwanda, Haystack Rock. Fenced large parking area, great for boats. Currently vacation rental. 2048 sq ft. Ocean view master suite, panoramic view from open kitchen and greatroom.

Attached garage. Sold furnished. $840,000 MLS 19-562

SWEEPING VIEW TAKES IT ALL IN from Cape Meares including Pyramid Rock, ocean whitewater crashing on sandy beach, all the way to NeahKahNie bluffs, plus night lights of Garibaldi, Lake Meares, Tillamook Bay. Upscale remodel with granite counters, vessel sinks, designer finishes. 4 bdrm 3.5 baths, triple garage, fenced yard. $620,000 MLS 19-355

OVERLOOKING NETARTS BAY and miles of ocean beach off Cape Lookout. High on a hill, beautifully remodeled luxury home on .22 acre. 2890 sq ft. Large natural stone fireplace, quartz kitchen, lavish hardwood flooring, charming garden shed, full length view decks on two levels.

Fabulous master bath with ocean view shower, tiled. $775,000. MLS 19-228

WHISKEY CREEK area new construction home on 2 acres. Panoramic bay and ocean view from many large windows.

Extra deep garage. Elevator makes living easy. 2992 sq ft, 3 bdrms plus sunroom, 3 full baths. Abundant parking. Marmoleum floor in kitchen/dining. Warm fir millwork. $625,000. MLS 19-394

OCEANSIDE MULTIFAMILY INVESTMENT PROPERTY – Main house, midcentury appeal, plus rental apartments with stunning ocean views from every unit. This property is on over an acre and is currently 3 tax parcels, so some ocean view land could be sold separately. Owner will consider dividing. $1,325,000 MLS 19-565

OCEANVIEW OCEANSIDE with view of Three Arch Rocks. 3 bdrms 3 full baths, beautiful flat gas fireplace, island kitchen, view decks on 2 levels. Jetted tub in master suite. Solid cherry cabinetry and built-ins. Great vacation rental for many years. $520,000 MLS 19-209

PANORAMIC OCEAN VIEW – Neskowin quiet neighborhood, high on a hill.

Protected view extends all the way to Cape Lookout bluffs. Private setting at end of long drive. 2 car garage, 2 fireplaces, sauna. 2 bdms + master suite on ground floor. Only $475,000. MLS 19-447

LARGE FAMILY HOME in Oceanside, 4 bdrms 5 full bathrooms, huge greatroom plus large loft. 4 fireplaces. Open kitchen, vaulted ceiling, lavish use of natural stone and wood surfaces. Jetted tubs in 2 bathrooms, wetbar in greatroom. Fenced backyard, double garage. $599,000 MLS 19-102

OCEANVIEW TOWNHOME – high on a hill with sweeping view including Three Arch Rocks in Oceanside. 3 bdrms 2.5 baths, hardwood floor, granite kitchen, marble fireplace. Custom stainless kitchen. Abundant storage, attached garage. 1994sq ft.

Gated community. $514,000 MLS 19-557

EASY LIVING WITH ELEVATOR in Oceanside. 3 bdrm 2.5 baths, attached garage. 2257 sq ft, built in 2007. View of trees in back from decks on 3 levels.

Beautiful master suite with corner frplc.

Frplc and wetbar in greatroom. Great price $325,000 MLS 19-450

OCEANFRONT ENCLAVE of vintage motel units in Oceanside. This cabin was the manager’s house. 2 bdrms, open kitchen with large breakfast bar. Attached to common laundry room. Great oceanfront location just a block to restaurants and espresso and beach access. Only $259,000 MLS 19-448

OCEANVIEW ACRE in Oceanside, dividable. Currently in process of being split into 3 lots but will sell undivided package at discounted price. This land is wooded and not steep. Located at the top of Castle Drive. $390,000 MLS 18-670

Pam Zielinski, CRS, Principal Broker

www.PamZielinski.com H48346

For a showing appointment call 503-815-1743 pzielinski@bhhsnw.com Berkshire Hathaway Home Services Northwest Real Estate