Spring 2014 real estate guide

Real Estate YOUR HOME | YOUR LIFE

REAL ESTATE GUIDE – SPRING 2014

A special publication from The Headlight-Herald, The Chronicle, The News Guard, and North Coast Citizen © FOTOLIA / AP

2 • Real Estate Guide – Spring 2014

Wednesday, April 30, 2014

RESIDENTIAL PROPERTIES $268,000 St. Helens, Very nice duplex. 3bdrm 2 ½ bath. Apprx 1429sq ft. Gas fireplace. 2 other duplex’s available.

MLS#13628397

$297,000 Scappoose, 3 bdrm 2 bath ranch on 1.3 parklike acres. 24x30 shop. Addl. 2.97 acres available for possible future development.

MLS# 13122636

$395,000 Scappoose, 4611 sq.ft 4 bdrm. 3 ½ bath.

Lots of living space in this home. Great room.

Den. Bonus rm. Fenced backyard. 3 car garage.

MLS #14393687

$790,000, St Helens, 180-degree views of Col. River and Mtns. Quality throughout. 3 bdrm.

2 ½ bath. .27 acre lot.

Landscaped. Family room w/2nd kitchen.

MLS# 13294446

$299,000 Deer Island, 3 bdrm 2 ½ bath on 1.32 acres.

1950 sqft. Lots of updates throughout.

Fenced pasture.

MLS#14445516

FEATURED PROPERTY

COMMERCIAL PROPERTIES $295,000 St. Helens, Hwy 30 frontage. Fireplace.

Previously used as coffee/café/lottery.

Office downstairs w/current rental income. 1254 sq. ft.

MLS # 14675903

$310,000 St Helens, Easy access on and off Hwy 30 with visibility from Hwy. 2059 sq.ft .26 acres. Building can be divided into separate offices.

MLS #14324647

Linda Bolen 503.730.1646 To set up a showing for these listings please contact Linda Bolen at 503-730-1646 John L Scott Real Estate.

$440,000 Warren, 2780 sqft. Located on Hwy 30 119ft of hwy frontage. Previously used as Restaurant/ Bar/General store. 26 car parking lot. MLS# 13192845

$999,000 St Helens, Hwy 30 PRIME FRONTAGE. Custom architecturally designed 6188sqft office.

Apprx. 30,000 cars pass daily. Separate access for multiple businesses. For sale or lease. Adjoining properties available. MLS#13344348 For more pictures and information on these listings or to search for additional homes please visit WWW.LINDABOLEN.COM

“Like Us On Facebook” facebook.com/scappoosejohnlscott C12382

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Wednesday, April 30, 2014

Real Estate Guide – Spring 2014 • 3

HomeSource IS WORKING FOR YOU!

1812 3rd St., Tillamook, Oregon • Office Phone: 503-842-2800 4805 Hwy. W., Netarts Oregon • Office Phone: 503-842-2828

H51966

MLS 13-760 $32,000

MLS 13-1034 $56,000

MLS 14-109 $59,500

MLS 12-1017 $59,900

MLS 14-260 $59,900

MLS 14-28 $63,000

MLS 13-657 $67,500

MLS 13-706 $70,000

MLS 13-937 $86,500

MLS 13-882 $87,500

MLS 12-717 $94,500

12 MLS 13-634 $99,500

MLS 12-437 $99,900

MLS 12-711 $119,500

MLS 12-971 $128,000

MLS 13-946 $129,500

MLS 13-936 $134,000

MLS 14-180 $139,000

MLS 14-278 $139,000

MLS 13-766 $149,000

MLS 14-266 $158,800

MLS 14-139 $178,000

MLS 13-871 $179,900

MLS 12-563 $189,500

MLS 13-24 $199,000

MLS 13-1145 $209,000

MLS 14-287 $223,900

MLS 13-902 $239,000

MLS 13-824 $239,900

MLS 14-277 $249,900

MLS 14-145 $269,000

MLS 13-914 $279,500

MLS 13-1114 $285,000

MLS 13-1104 $295,000

MLS 13-757 $299,000

MLS 14-153 $379,000

MLS 14-246 $379,000

MLS 13-530 $381,500

MLS 13-63 $389,000

MLS 13-1012 $397,000

MLS 14-232 $410,000

MLS 13-860 $495,000

MLS 13-1098 $514,900

MLS 11-603 $559,000

MLS 13-993 $589,000

MLS 13-659 $695,000

4 • Real Estate Guide – Spring 2014

Wednesday, April 30, 2014

Factor in the ctor in the Children Children

HomeSource

Y

Outstanding Agents. Outstanding Results.

Come visit our Rockaway Beach Office

factors in many home-buying decisions can, in fact, be the membershe ofbiggest the family.

Children are monumental factors in many home-buyinginfluencers de-estate cisions market, can, evenin if they yet. members fact, aren’t be theborn smallest

Located at 165 S. Miller Street, Rockaway Beach, OR PHONE 503-355-2010

T

Over 75 years of real-estate experience!

of the family.

$699,000 13-435 Ocean Front! Rockaway Beach

$443,000 14-117 Spacious Home! Manzanita

Children are monumental children. in the case of emergencies. You influencers in the real-estate School System can generally find out where the market, even if they aren’t born School boundaries are a nearby healthcare facilities and yet. major factor in home-buying hospitals are located by asking many new home buyers — and hospitals are located by try move away from your make such decisions for a Factors such as school decisions, according to a 2013 your real-estate agent or doing a job or more nd not just safety from crime asking your real-estate agent child’s grandparents, relatives higher-paying safety and proximity to astudy realtor.com.

Of those littleyou research prospecndsystems, known gang-affiliated or doing little by research on and friends? Then know on your exciting career opportunierritory.

Parents be roles yourinprospective new comhow tough decision can ties. family can allwant playtomajor surveyed, about 60 percent of thetive new community. lose to good hospitals Consider all factors before determining whereand a familymunity. puts home buyers would gobe. over Location heir pediatricians in the case The happiness of your making the leap, including down its roots. budget by nearly 20 percent to Considering a cross-country f emergencies. You can genchild is probably one of the the long-term effects that $229,900 14-304 Families maythe also decide to LOCATION obtain a home in their desired away your child’s rally find out where driving forcesmove telling you from to moving may have on your Shop & More Rockaway Beach Considering a cross-countrade in one lifestyle for another school district. Ninety stay. percent grandparents, relatives nearby healthcare facilities Butofmany parents family.and to help improve the quality of those polled stated that school friends? Then you know how life for their children. Moving boundaries were important or tough the decision can be. The from in town to a rural area, somewhat important in guiding happiness of your child is probfor example, can be a way to their decisions. ably one of the driving forces slow life down a bit and involve Safety telling you to stay. But many children in nature. Trading in Neighborhood safety is parents make such decisions country life for city life can another defining factor for for a higher-paying job or more have its benefits, too, with more many new home buyers -- and exciting career opportunities. opportunities for various activinot just safety from crime and Consider all factors before ties. Regardless of your moving known gang-affiliated territory. making the leap, including the situation, it will most likely be Parents want to be close to good long-term effects that moving $139,000 14-75 Great Starter! Garibaldi strongly influenced by your hospitals and their pediatricians may have on your family.

$349,900 14-292 4+ Acres! Nehalem

$272,500 13-805 Delightful Home! Nehalem

$265,000 11-453 Beautiful Home! Rockaway Beach

$179,000 13-97 Craftsman Home! Rockaway Beach

$119,000 13-182 Room for a Boat! Garibaldi

$359,000 13-1009 Panoramic Views! Bay City

© FOTOLIA

Wednesday, April 30, 2014

Real Estate Guide – Spring 2014 • 5

Auto • Home • Life • Commercial

Our Lincoln City office is celebrating its one year anniversary!

We are thrilled to be part of this wonderful community.

Lori Schiewe

Andrea Price

Sr. Mortgage Banker

Insurance Agency, Inc.

(541) 265-2362 Phone (541) 574-0667 Fax

Meet Your Local Eagle Home Mortgage Partners

NMLS #983751

715 S.W. Hurbert St. Ste B Newport, Oregon 97365

lschiewe@farmersagent.com

cell: 541-992-2863 office: 541-764-1005 AndreaPrice@eaglehm.com www.eaglehomemortgage.com/andreaprice

Contact Andrea or Leslie today for a complimentary mortgage review to see how much you can save!

Leslie James Loan Officer

NMLS #507212

cell: 503-780-8737 office: 541-764-1004 LeslieJames@eaglehm.com

www.eaglehomemortgage.com/lesliejames

Be sure to ask about the wide variety of loan programs for primary, secondary and investment properties, including Conventional,VA, FHA, and 100% financing options available through USDA. 2065 NW 34th Street, Suite 5, Lincoln City, OR 97367

L51948

Universal American Mortgage Company, LLC dba Eagle Home Mortgage—NMLS #1058, Branch NMLS #1070527, Mortgage Lending License #ML-5079-30, 2065 NW 34th Street, Suite 5, Lincoln City, OR 97367.

Certain restrictions apply. This is not a commitment to lend. Applicants must qualify.

6 • Real Estate Guide – Spring 2014

Wednesday, April 30, 2014

Kathleen Parks-Roff (Broker/Owner)

Amy Plechaty (Broker)

Cell: 541-992-3399

Cell: 541-992-4469

lovetheseashore2@yahoo.com

4741 SW Hwy. 101, Suite A Lincoln City, OR 97367 Office: 541-994-9229

amy@whalecove.com www.littlewhalecove.com

ING

PEND ROADS END VINTAGE rambling beach home across street from ocean! Beach access near-by; watch the sunsets, whale watching, beach combers, etc. Multifunctional rooms provide space for many visitors. Double lot with 7-8 parking spots—perfect for vacation rental; large hot tub in sun porch with view; 2 kitchen areas, fireplace and MORE! Fully furnished ready for YOU! $349,000 #14-741

COUNTRY SPECIAL on 1/3+ acre. 1248 sq ft 2 bed, 2 bath with huge Great room for entertaining enjoyment. Cozy up to the wood stove, enjoy the spacious deck with fish pond PLUS seperate living quarters above garage/shop. An additional double car attached garage and bonus space, updated roof, carpeting and paint--very well maintained. $134,950. #14-742 Check it out today.

CHOICE WATER FRONT home on 3 1/2 acres offers a phenomenal place to enjoy each day! Roomy 1800 sq. ft. with 3 bedrooms, 2 baths, wrap-around view decks, double garage, RV hook-up and amenities too numerous to mention. $289,000.

FABULOUS CORONADO SHORES home, single level with a wonderful airy living area. Updates throughout this nice home have increased the livability. Great Southern exposure lighting plus skylights add to your enjoyment.

Generous lot with easy care landscaping plus large patio enhance outdoor living. Traditional 3 bed, 2 bath with MUCH more and in a fine neighborhood. REDUCED TO $268,000

Upgraded kitchen with granite counters, beautiful maple cabinets and raised bar with stools.

Dining room/sun room with door leading to deck and welcoming backyard retreat. Master bedroom w/sunroom & loft storage. $195,000. MLS 14-859

MLS # 13-1955 12-850 13-2543 13-1055 13-14032

Price $75,000 $79,000 $85,000 $97,000 $122,500

Acres .19 .18 .26 .21 .28

LD

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Front1 Three bedroom, 2 bath ranch with office/den and garage in Lincoln Beach offers space for everything.

Single level living with room for RV/boat, mini orchard, fenced yard, utility building and featuring gas fireplace with T&G wood vaulted ceiling. Built by a local reputable contractor this structure was construced with top quality materials. The home needs some attention now, but is totally livable.

It is located in a quiet neighborhood, near the beach, and close to many servicves. Offered at $169,900 #13-3109

TREED, TRANQUIL WILLARK PARK Check out this 1998 park model with generous living space addition. 1 bedroom, 1 bath, hide-a-bed for guests. Excellent or vacationing or primary living-community hall, laundry, RV/boat parking and close to all services.

All this and you own the land!

Owner terms. $69,000 #14-855

Perfect for the DISCRIMINATING BUYER who appreciates fine amenities and luxurious living. Soaring vaulted ceilings add dimension to the 4 bedroom with 2.5 bath PLUS a large bonus room.

Granite, tile, quartz grace this deluxe fully furnished home.

Priced at $459,000. 13-2385

Breathtaking Ocean & Salmon River Estuary views.

Updated condo in Cascade Head Ranch Community.

Furnishings included! Wood burning fireplace, new appliances, washer-dryer, flat screen TV, security system, newer siding & roof. $295,000 MLS 13-1814

Best of both worlds! Walking distance to the ocean front and an ancient cedar forest in your back yard. One level 3 bedroom, 2 bath custom quality home built by Halvorson Mason Corporation. Hardwood floors, high ceilings, canned lighting, gas fireplace w/rock surround and a 14 X 10 private rear deck. $335,000. MLS#14-465

Front photo

One level 1375 Sq Ft home in pristine condition w/hardwood floors, high ceilings & skylights, granite counters, built-in TV cabinet,gas fireplace w/stone surround, HEPA filtration system, Central vac, Master w/walk-in closet, Jacuzzi tub, double sinks and private patio facing the beautiful meadow. $299,000.

MLS#14-1011

Breathtaking 3425 sq ft home in a spectacular serene setting w/abundance of upgrades & quality throughout.

Beautiful entrance w/porte cochere, partially covered ironwood decks & railing,stellar landscaping w/water features & hot tub. Arch windows,central vac system,surround sound,tile & hardwood floors, steam shower w/body jets,Jacuzzi tub w/massage jets & custom cherry cabinets. $639,900. MLS#14-655

(541) 994-3061

Joni Jackson

C What Are Closing Costs?

Wednesday, April 30, 2014

Realcan Estatebe Guide 2014 •– 7an losing on a new home an– Spring exciting experience for buyers. Depending on how yo you may not know exactly how much your cl the day you close.

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And if you don’t have enough money saved up to cover your costs, you could find yourself at the front end of a lengthy legal battle with the sellers, who at that point have likely invested money to fix your issues with inspection and moved all of their personal belongings out of the home.

But fear not. There is no reason to be unprepared for your home’s close. Simple lender’s cost and effort of dent, certified, licensed research on your bank’s fees obtaining financing and appraiser. can go a long way in readying oversight of your mortTitle charges: you for a •seamless closingThis gage loan. Percentages fee is dedicated to the experience.

losing on a new home can be an exciting – and nervewracking – experience for buyers. Depending on how your bank does business, you may not know exactly how much your closing costs will be until the day you close.

And if you don’t have enough money saved up to cover your costs, you could find yourself at the front end of a lengthy legal battle with the sellers, who at that point have likely invested money to fix your issues with inspection and moved all of their personal belongings out of the home. But fear not. There is no reason to be unprepared for your home’s close. Simple

research on your bank’s fees can go a long way in readying you for a seamless closing experience.

Closing Costs Defined The following list of terms and explanations are meant to give you a clearer understanding of what goes into the closing costs calculation.

They do not, however, cover the full extent of what your bank charges to process your mortgage

loan. Contact your local mortgage specialist for a detailed list of their costs.

• Real estate broker commission: According to realtor.org, most real estate brokers in the United States charge a 5 percent commission for their services. This percentage comes off the final selling price and is due on closing.

• Loan origination fees: This fee covers the

vary by lender. administrative costs of a • Appraisal fee: Be- CLOSING title search, COSTS examination fore your bank approves and issuance by a local DEFINED its loan to you, it will or national abstract comfollowing list also of terms want to get an idea of Thepany.

It may cover and explanations are meant what your new potential the charges doled out by to give you a clearer underhome is really worth. This someofsettlement to standing what goesagents into the fee, which is dependent paycosts for the preparation of closing calculation.

They legal do not, however, upon market value and papers, suchcover as the the full extent ofdeed what of your location, will cover the mortgage, trust bank and charges services of an indepentitle. to process your

A division of Pinnacle Capital Mortgage - NMLS 81395

mortgage loan. Contact your local mortgage specialist for a detailed list of their costs.

• Real estate broker commission: According to Realtor. org, most real estate brokers in the United States charge a 5 percent commission for their services. This percentage comes off the final selling

price and is due on closing.

• Loan origination fees: This fee covers the lender’s cost and effort of obtaining financing and oversight of your mortgage loan.

Percentages vary by lender.

• Appraisal fee: Before your bank approves its loan to you, it will want to get an idea of what your new potential home is really worth. This fee, which is dependent upon market value and location,

will cover th independen licensed ap • Title cha dedicated to costs of a tit tion and issu

C12369

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8 • Real Estate Guide – Spring 2014

Wednesday, April 30, 2014 Margaret Page, Realtor

Principal Broker (503) 801-3603 margaretpage@oregoncoast.com

1180 N. Main Avenue, Tillamook, OR 97141 503-842-0101 • 800-663-0101 • 503-842-0115 (fax) cbevergreen@oregoncoast.com

WE KNOW WHY YOU WANNA BE HERE!

HOW’S THE MARKET? HOME SALES (All types) Total Units Sold 2013: 320 Total Units Sold 2012: 293 LAND SALES (All types) Total Parcels Sold 2013: 46 Total Parcels Sold 2012: 76

2011 & 2012 Coldwell Banker Diamond Society Member (top 9% of all Coldwell Banker agents internationally)

• • • • • • • •

Average Price: $228,700 Average Price: $222,164 Average Price: $73,048 Average Price: $82,505

(Source: Tillamook County Board of Realtors Multiple Listing Service)

Surfing Swimming Boating Fishing Hunting Hiking Beach strolls Fresh seafood

• • • • • • • •

Paddle boarding Kayaking Wildflowers Winter storms Cordial communities Emerald & blue hues Awesome sunsets Camping

SEARCH WHAT REALTORS SEARCH—Click on MLS search on my website www.COAST-PROS.com VIEW, VIEW, VIEW Effectively oceanfront, 2 bdrm + bonus room sits about 100 feet from the beach.

Captivating views of Cape Meares & its stack rock, row upon row of marching waves, wowser sunsets. Bedrooms downstairs, great room upstairs. Exposed wood beams, newer deck, newer room, new septic. $399,000

King of the Hill! 3 bdrm/3 bath, sunroom, hot tub, HUGE family room, 1632 sqft shop/garage w/200 AMP srvc, 864 sqft pull-thru RV garage, 3.36 acres, breathtaking mountain & valley view…$424,900

3 bdrm/1bath, new roof, Nehalem Bay view…$159,000

• 3 bdrm/2bath home with HUGE shop, fabulous mountain/ Nehalem Bay view…$175,000 • 270-degree valley/bay view, 2 acres, upscale neighborhood…$109,950 • .23 acres in Bay City! Build your dream home with probably bay view. Multiple lots, utilities at street. Just minutes to the bay! $69,900

OCEANFRONT/STONE’S THROW TO BEACH

• .29 acres in Oceanside. Waves, trees, Three Arch Rocks - The view from this large lot offers the best of the Oregon Coast! $155,000 • .08 acre lot, great ocean view, ½ block to beach…$139,900 •.23 acre lot, Cape Meares, stroll to beach, lake, bay…$75,000 ON THE RIVER

• Two 2 acre parcels, level riverfront land on the South Fork of the Nehalem River. Fish for Salmon, trout or sturgeon. $89,000 & $95,000 • 3 acres, level & septic in, community water, driveway, Tillamook Riverfront…$155,000 • 5.2 acres, upper Wilson Riverfront…$92,000 • RV-ready, OK for boat dock, water, sewer, gated, fronts on confluence of South & North Fork Nehalem…$49,000 COUNTRY LIVING/ACREAGE

Fabulous lodge-like log home on 3.2 acres that looks out over rainbow trout-stocked lake fed by Farmer Creek. $449,000

Quiet and serene wooded 2 acre parcel on private road. $99,000

3 bdrm/3 bath, unique woodwork & tile, granite counters, awesome shop…$268,000

Modest but comfortable home.

Great fishing holes a few hundred feet away. $89,000

IN TOWN, WALK TO GROCERY, LIBRARY, SCHOOL…

REDUCED PRICE! 3 bdrm/1.5 bath + bonus room/ office. $159,900

Priced below appraisal!

Duplex built in 1995, great rental history.

Both sides have 2 bedrooms and 1.5 baths, plus bonus rooms. $243,500

Beautiful views in Garibaldi!

3 bdrm/2.5 ba, upscale finishes and amenities. $269,000 Newer Duplex in Tillamook.

Both units have 2 bdrm/1 bath.

Great pencil! $189,000 4 bdrm, 2 bath, hardwood floors, family room, formal dining room, oversized garage…$209,000

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Research a Property’s History Research a Property’s History Y Y Wednesday, April 30, 2014

onducting research on operties you are interBy conducting reon the propern, search you can gain great ties how you are interested into it evolved in, you can gain great hout theinto years. insight howYou it can er evolved legal transactions, throughout the years. mortgage You can discover ecords, histolegal transactions, lease d much withhistoa litrecords,more mortgage diligence and a trip to ries and much more with a little due office. diligence ocal records and a trip to your lohome-buying process cal records office. The bout preparingprocess yourhome-buying don’t to research is all forget about preparing yourself, forget p you makesoa don’t smart, to research to help you financial decision. make a smart, sound

financial decision.

Interview Neighbors Before you start to track down land records, you can find out a lot potential properreabout you start to track ties via face-to-face and records, with you current can interactions ut aand lotpast about potential neighbors. If thevia property has been in ties face-to-face your family, talk with tions with current and family members about eighbors.

If the properthe history of the home and in land.

Look for inbeen your family, regarding the thformation family members true age of the home, its theoriginal history of theand home owners any nd.remodeling Look for informaprojects that have occurred the of past garding the trueinage 10 to 15 years.

Your me, its original owners local historian can be y remodeling another great projects source of avesuch occurred in theMost past information areas throughout the 5 years. Your local hisnation have amateur excan be of another greathisperts community oftory, suchespecially information pertainingthroughout to specific regions reas the and neighborhoods. have amateur experts Deed Research munity espeMosthistory, real-estate pertaining to start specific agents will their research process by s and neighborhoods. looking into the prop-

Real Estate Guide – Spring 2014 • 9

our greatest tool in searching for a new home may not be the Internet or a real-estate agent. may our greatest tool in searching for aItnew home may not be you. be the Internet or a real-estate agent. It may be you.

INTERVIEW NEIGHBORS

erty’s deed. You can do other documents and the same. If you know databases related to the legal description of your potential property the property – including that may be of interest, the official address and including: © subdivision lot num- Patent records of the ber – you can find the Bureau of Land Managedescription in the Regisment’s General Land – you can find lot number Bureau of Land ter of Deeds at your local Office, which will show the in Real the Estate Broker Management’s General La county Once thedescription federal Mostcourthouse. real-estate agentsyou when Register of Deeds at your Office, which will show yo you have this information, government first sold the will start their research progretchenjacob@remax.net you can ask the deed ofland parcel to a private when the federal governm There are plenty of other cess by looking into the owner. local county courthouse. fice staff to help you find gretchenjacobhomes.com Once you have this informafirst sold the land parcel to Cell: 503-801-3133 documents and databases and understand pastYou deedcan do - Census data records. property’s deed. tion, maps. you can ask the deed private owner. related to your potential transactions other Office: 503-842-2800 1812 3rd Street the same. Ifand you know the - Insurance valuable information.

- Genealogical re- to help you find office staff property that may be of interFax: 503-842-4660 • Census data records. legal description Tillamook, OR 97141 Other Documentsof the search databases. and understand past deed • Insurance maps. est, including: property – including There are plenty of the offiEach Office is Independently Owned and Operated H51973

DEED RESEARCH

cial address and subdivision

Gretchen Jacob OTHER DOCUMENTS

transactions and other valu-

• Patent records of the

• Genealogical research

10 • Real Estate Guide – Spring 2014

Wednesday, April 30, 2014

Tips & Tricks to Buying Land

S

o you’re in the market for buying land? Maybe you have some extra capital andtoTricks to Buying you Tips are looking invest. Maybe there isLand a plot of land out there that would o you’re in the market for buying land? Maybe you have some extra are lookingspot to invest.

Maybe there is a plot of land out there serve ascapital theyouperfect for your custom-built home. that would serve as the perfect spot for your custom-built home.

Or maybe your family has always had its eyes on a piece of land.

No matter the reason, buying land can be an investment that pays big dividends down the line. There are many positives, indeed, but there are also definitely some things to consider, especially if this will be your first land purchase.

Getting a Good Price When we hear on the news that real estate prices are down, many of us may consider jumping on the opportunity to buy a bigger, better

REAL ESTATE | PROPERTY

S

Or maybe your family has always had its eyes on a piece of land. No matter the reason, buying land can be an investment that pays big dividends down the line. There are many positives, indeed, but there are also definitely some things to consider, especially if this will be your first land purchase.

home. Some can afford to purchase a second home for vacations or summer stays. While owning two GOOD homes can beGETTING a majorA plus, it PRICE can When we hear on the news that real estate prices are down, many of us also be a maintenance and logistimay consider jumping on the opportobetter buy a bigger, better home. cal nightmare.tunity A alternative, Some can afford to purchase a second for vacations or summer stays. in many cases,home is adding land to your While owning two homes can be a major plus,own it can also be a mainteportfolio. Once you it, you can nance and logistical nightmare. A betalternative, many cases, adddecide to buildter on it laterinor just letisits ing land to your portfolio. Once you own it, you can decide to build on it value rise as prices eventually come later or just let its value rise as prices eventually come back. back.

Market Trends THE CONSIDER Thumb throughMAINTENANCE a local real estate Keep in mind that not all land is booklet, and you will findIf itland gamaintenance-free. has been cleared for construction, farming or recreational use, it may need some general care from time to time. Any fencing, dirt access roads or trees could also require some maintenance to keep your purchase looking great.

Also, consider the property taxes affixed to the site. The more land you acquire, the more your wallet will be hit with an annual property-tax bill.

lore. That’s because investors buy up big plots, section them and sell them for profits. There are also generally fewer potential buyers looking to pick up a piece of land. These two factors make it an advantageous time to purchase land. But consider your life situation before settling to buy raw land. Will you be moving in the next few years, or can you see yourself building? Are you patient enough to let the land sit vacant for 10 to 15 years, when you may see a generous return on investment?

Consider the Maintenance Keep in mind that not all land is maintenance-free. If it has been cleared for construction, farming or recreational use, it may need some general care from time to time. Any fencing, dirt access roads or trees could also require some maintenance to keep your purchase looking great. Also, consider the property taxes affixed to the site. The more land you acquire, the more your wallet will be hit with an annual property-tax bill.

© FOTOLIA

MARKET TRENDS

Thumb through a local real estate booklet, and you will find land galore.

That’s because investors buy up big plots, section them and sell them for

profits. There are also generally fewer potential buyers looking to pick up a piece of land. These two factors make it an advantageous time to purchase land. But consider your life situation before settling to buy raw land. Will

you be moving in the next few years, or can you see yourself building? Are you patient enough to let the land sit vacant for 10 to 15 years, when you may see a generous return on investment?

Your Largest Local Independent Mortgage Lender

“

W

e pride ourselves on making sure our pricing is easy for you to understand, with no hidden costs, and we’ll gladly help you compare offers from other lenders.”

Amy Welby comes from a large family and understands the importance of community.

Amy’s 8 years of experience in the mortgage industry have taught her to assess each borrower’s individual needs for a smooth home buying experience.

Pat Olson has been helping Columbia County families purchase homes for almost 20 years. Her dedication to getting clients into homes they can afford has earned her a strong reputation in the community.

•

Fixed-rate mortgages

•

Adjustable-rate mortgages

•

FHA, USDA, VA, and ODVA

•

Manufactured homes

•

Jumbo mortgages

•

Construction loans

•

Helocs (Home equity line of credit)

Amy Welby Loan Officer | NMLS-326254 503.543.9797 office 503.369.7789 cell awelby@nwmortgagegroup.com

Pat Olson NMLS-40562 Northwest Mortgage Group, Inc. Not all applicants will qualify.

Loan Officer | NMLS-112877 503.543.9797 office 503.396.1309 cell polson@nwmortgagegroup.com

Wednesday, April 30, 2014

Real Estate Guide – Spring 2014 • 11

12 • Real Estate Guide – Spring 2014

Wednesday, April 30, 2014 Find us in The Shops at Salishan

Larry Garrison Distinctive Coastal Properties

541-992-3732

Real Estate Broker GRI

lgarrison@winderemere.com www.LarryCGarrison.com

NW Lincoln City Ocean View Building Site #14-924 $105,000

North Bank Manufactured Home #14-511 $109,000

Salishan Hills Building Site #13-2588 $110,000

Otis Manufactured Home On An Oversized Lot #13-1809 $109,000

Corner Ocean View Building Site #13-2402 $125,000

Waldport Bay Front Building Site #12-428 $158,500

Lower Level SeaRidge Condo w/ Ocean Peek #11-162 $219,900

Lincoln City Home w/ Huge Lake Views #10-1418 $225,000

Coronado Shores Home #13-556

Lincoln City Home w/ Large Detached Shop and Lake View #13-2916 $299,000

Salishan Ocean Front Condo #12-1778 $299,000

SW Lincoln City Ocean Front Building Site #12-2243 $389,000

Southshore Low Bank Ocean Front Building Site #13-2403 $399,000

L52361

$239,000

Salishan Ocean Front Home w/ Panoramic Ocean and Bay Views #13-2504 $795,000