RE-Weekly 01/20/17

RE-Weekly.com REAL REAL ESTATE ESTATE IN IN SKAGIT, SKAGIT, ISLAND ISLAND AND ANDWHATCOM WHATCOM COUNTIES COUNTIES

INSIDE

This Issue This Issue

THE FUTURE IS NOW P. 4

Q & A: Ask Our Broker P. 8

REFINANCING? WATCH FOR HIDDEN FEES P. 9

20185 17186GINA CohoMARIE Court, LANE, Mount BURLINGTON Vernon Jodi Jamie Dynes, Yantis/ Brown Windermere/Skagit McMillen Real Estate Valley

RealEstate weekly RealEstate weekly

SEE SEEPAGE PAGE3 3FOR FORMORE MORE

$334,500 $425,000 360-333-7783 (360) 540-5264

supplementto tothe theSkagit SkagitValley ValleyHerald heraldand andthe theAnacortes AnacortesAmerican American AAsupplement

Classifieds P. 10 -11

1561493

FEATURE FEATURE HOME: HOME:

th

January 20 – 26, 2017

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Open House Sat., July 23 & Sun., July 24 , 1-3 PM rd

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INSIDE

TABLE OF CONTENTS

PAGE

4

The future is now..................................... P. 4

2017

Q & A: Ask our Broker.............................. P. 8 Refinancing?

Watch for hidden fees............................. P. 9 Classifieds.........................................P. 10-11

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Office furniture, entertainment centers, round sofas, coat racks & wooden coat trees, chimney cabinets, pharmacy lamps, painted benches and much more!!!

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MOUNT VERNON

320 S Burlington Blvd Burlington, WA 98233 (360) 755-9494

Territory NW T

What’s in the future?

2025 Riverside Drive, Suite D Mount Vernon, WA 98273 (360) 755-9596

www.SkagitValleyRealEstate.com ND LA T N CA VA

D CE DU E R

OPEN HOUSE SAT. JAN. 21ST 1-4PM

OPEN HOUSE SAT. JAN. 21ST 1-3PM

20294 Nedra Lane, Burlington $199,500 Dir: Hwy 20 East to Gardner, left on Gardner, Right on Nedra, end of cul-de-sac.

Check out this huge manufactured home! Home sits on nearly ¾ acre, fully fenced back yard. Easy I-5 access, newer laminate floors, fresh interior paint.

Huge kitchen with tons of cabinetry. Large master with soaker tub. Huge bonus room! MLS #1057378 Call 708-8800 CallElizabeth, Laura, 441-5099

17084 Sockeye Drive, Mount Vernon $432,900 Dir: From Highway 9, north into Nookachamps Hills, east on Sockeye.

Amazing home just under 1/3 acre. 4 BR, 3 BA, 2,600 SF. Kitchen with granite counters & custom cabinets. Main floor master suite w/huge walk-in closet & bathroom. Grounds & garden must be seen to appreciate. Storage throughout. Terrific location. MLS #1052463

OPEN HOUSE SUN. JAN. 22ND 1-3PM 684 Hamlin Place, Burlington $349,000 Dir: From Peterson, North on Woollen, East on Hamlin.

Enjoy space & privacy. 4 BR home that backs to a greenbelt. Open kitchen & family room. Large master w/attached bath & walk-in closet. Lots of flex space. Terrific storage. 2 pantries. MLS #976898

Sedro-Woolley $54,900 Skagit River in Janicki Cove. Private gated community. Power, water and septic on property. 169 SF shed. Fruit trees.

Private boat launch for residents. Recreational-temporary.

MLS #1039184

Camano Island $59,500 Come build your dream home! Great 1.14 acre level lot. Peaceful dead end street. Within 5 miles of a State Park. MLS #806219

Call Elizabeth, 708-8800

Call Wilma, 661-1631

Call Jim, 708-1681

Call Elizabeth, 708-8800

LookINg foR fuLL SERVICE PRoPERty MaNagEMENt?

Mount Vernon $75,000 Flat .43 acre building lot. Great views to the Northwest.

Zoned for Duplex or can be Condo Duplex & sold separately.

Great opportunity with many options. MLS #788352 CallCall Elizabeth, 708-8800 Ron, 333-1045

Wilma Louia Designated Broker/Owner 661-1631

2

Charlie & Jeannie Boon 708-9645

Sedro-Woolley $320,000 Large property with garage/shop. Barn & many outbuildings. 3 BR, 1.75 BA home on 20 acres. Fenced & cross fenced. Barn restructured in 2007.

Garage/shop holds up to 10 cars, 220 wiring, heated w/propane.

Paved driveway. MLS #980249 Call Corinne, 202-2397

Jim Stransky 708-1681

Kirk Campbell 770-7470

Ron Van Pelt 333-1045

Mount Vernon $975,000 Beautifully restored 1900’s home. 4 BR, 3+ BA, 3,882 SF. Equestrian property on shy 4 acres. Huge barn w/$250+K improvements. Covered parking for 10 vehicles. Desirable W. Mount Vernon area. MLS #902523 Call Charlie, 708-1415 or Jeannie, 708-9645

Elizabeth Detillion 708-8800

Ivana Wood 770-3550

Mike Welling 540-1341

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Call today and let our experienced staff go to work for you!

360-755-5555 Debbie Benjamin 708-8780

Corinne Cartwright 202-2397

Laura Kaestner 441-5099

Jennifer Ohlsen 540-0717

Traci Erickson Property Manager 755-5555

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ND LA NT A C VA

January 20, 2017

FEATURE HOME FROM COVER: 20185 GINA MARIE LANE, BURLINGTON

$334,500

Brown McMillen Real Estate 235 West Rio Vista Burlington, WA 98233 360.757.6013 www.brownmcmillen.com

Jodi Dynes 360-333-7783

Welcome to Hill Vue Estates!

3 bedroom/2 bath rambler on corner lot in Burlington.

Maple kitchen cabinets, stainless appliances, eating space/family room, dining room, fireplace, utility room w/added storage space, RV parking & back gate access w/private backyard & easy entertaining features. $334,500 MLS#1067759 1561496

american dream real estate services, inc.

Eaglemont Golf Course #1029439 • $499,900 Local Professionals Serving our Community

Gorgeous Custom 3,070 sft, 4bd 2.5 bth house in Eaglemont Golf Course Community. Spacious, Bright & Private,high-end finishings. Formal dining & living rooms & office, Hardwood floors, extensive millwork, chef’s kitchen with granite slab, custom cabinets, top of the line appliances 2 drawer dishwasher open to family room & deck. Master bedroom with a tiled 5 piece master bath, giant walk in. Nest thermo, new water heater, 3 car garage w/epoxy coat, LED lights Low maintenance grounds & across from park!

ltco.com

1-844-878-1519

310 Commercial Ave Anacortes 360-299-0565

1-800-870-8571

Trusted Service for over 76 years

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111 E. George Hopper Rd Burlington Title: 360-707-2158 Escrow: 360-707-2312

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“Fulfilling Northwest Family Dreams” Anacortes Office

1202 Commercial Ave Anacortes, WA 360-588-1515 • adrhomes.net

Like American Dream Real Estate Mount Vernon

January 20, 2017

Mount Vernon Office

2788 E College Way Mount Vernon, WA 360-416-6500 • adrskagit.com

www.adrhomes.net

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3

The Future Is Now How President Trump and his policies may impact homeowners, buyers and sellers

I

t’s a new year and a turn of the clock toward a new administration. Which begs the question: What can home buyers, sellers and owners expect from President Trump when it comes to housing matters in 2017 and beyond?

That query is currently top of mind for folks inside and outside the industry, especially considering that Mr. Trump made his bones in real estate.

Ask Republicans and they’ll tell you that the housing future looks bright under Trump: based on results of a brand new Trulia poll, this group of voters went from, before the election, having a -9 point margin in favor of purchasing a home in 2017 to, following Trump’s win, a +17 margin (margin meaning percent of 4

respondents saying 2017 will be better than 2016 minus the percent saying worse) – that’s a 26-point swing toward optimism; they’re also bullish on selling a home this year (a 25-point positive swing). Democrats surveyed were more pessimistic: preelection vs. post-election, Dems went from having a +13-point margin in favor of buying a home in 2017 to a -10 point margin and a +9-point margin to a -11 point margin in favor of getting a mortgage loan in 2017.

Mark Lee Levine, professor of real estate at the University of Denver, believes the Trump administration will have a positive impact on housing because his policies are favorable to businesses and he aims to reduce

regulations and decrease tax rates.

“I expect less red tape when it comes to buying and selling homes once Trump’s position on decreased regulations moves forward,” Levine says. “With the Republicans controlling the House and Senate, I think the bottom line outlook for the real estate market is very good for 2017.”

If Trump softens regulations on lenders, it may also lower the costs of compliance, bringing back more small community banks to compete with bigger banks and boosting bank profits – all of which can increase credit availability, says Jeff Taylor, managing partner at Maitland, Fla.-headquartered Digital Risk LLC. “More credit for builders means they can increase production and housing inventory,” Taylor notes. “And deregulation could reduce costs for builders, making it easier for them to construct affordable housing.”

Pierre Debbas, partner with Romer Debbas, a New York City law firm that represents many lenders, developers and homeowners, is also enthusiastic about Trump having a positive influence, thanks to the potential effect of his tax reform proposals and background as a prolific real estate developer/investor.

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“Lowering taxes and maintaining the existing capital gains tax, as he has proposed, will mean additional liquidity, which can only be an advantage to the real estate market,” Debbas says. “Following the election, our market is being inundated with people wanting to close on condominium and office deals all over the city.”

Of course, many of these prospective buyers

“I expect less red tape when it comes to buying and selling homes once Trump’s position on decreased regulations moves forward.” eager to purchase now are motivated by an undeniable post-Trump victory fact: mortgage interest rates have ticked up since Election Day, thanks to the improved economy, speculative investing, inflationary pressures, the bond market and other factors. Trump’s proposal to spend more on infrastructure may also influence the Federal Reserve Board to approve interest rate increases this year in order to keep inflation under control.

“Many economists are revising their predictions

upward for rates in 2017, which could hurt the firsttime buyer market hardest by reducing affordability,” Taylor says.

“There’s also concern that Trump’s plans to spend money on infrastructure projects around the country could result in more laborers taking those jobs and leaving homebuilders even more shorthanded – hurting new construction,” Taylor says.

Additionally, Mr. Trump’s tough immigration stance is also likely to keep immigrants out of the country and the workforce—“another blow to homebuilders who rely on immigrants for construction jobs,” Taylor says.

Consider that labor shortages also contribute to rising wages for construction workers, which may, in turn, keep home prices high. If home prices continue to climb concurrent with interest rates rising, home sales could start to plummet under Trump’s watch.

“If you’re in the market for a home loan, I encourage you to act soon,” suggests Carolyn Riegler, a real estate broker/CPA in Bloomfield Hills, Mich., who feels the uncertainty surrounding Trump’s first year could drive interest rates higher. “Rates are still near all-time lows, but it’s unlikely they will move downward.”

January 20, 2017

GOOD NEIGHBORS MAKE GREAT LENDERS Umpqua’s loan officers are local experts equipped with an array of options for your purchase, refinance or new construction. Plus, we’ll stick with you every step of the way—because that’s what good neighbors do.

Susie DeVries

Travis Brewer

Piero Rodriguez

Home Lending Sales Manager NMLS 487442 CALL 360-230-2246 UmpquaBank.com/SDeVries

Home Loan Officer NMLS 55324 CALL 360-230-2248 UmpquaBank.com/TBrewer

Home Loan Officer NMLS 1172408 CALL 360-230-2241 UmpquaBnak.com/PRodriguez

Loan products subject to credit approval.

Member FDIC Equal Housing Lender

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Contact your friendly Skagit Valley area loan officer today!

NMLS #401867

HLD16Q4.1125

1560009

Brown McMillen Real Estate

360.757.6013 800.869.7084

w w w. b r o w n m c m i l l e n . c o m • 235 W. Rio Vista Avenue, Burlington

BACUS HILL…20 acres just outside of Sedro Woolley city limits. Nice views of mtns, private access road, & great wild life. Shared water included. Great property to build your dream home or place a manufactured home on. $89,500 #891041

DREAM HOME SETTING...Full acre of level pastureland w/views of mtns surrounding Big Lake.

Fronts on paved street has PUD water & electric available. $150,000 #927385

5 ACRE VIEW LOT…On Bayview Ridge with beautiful westerly views of farmland, islands & bay. Great neighborhood w/established homes, close to I-5. $349,000. #905050

ROOMY ABODE…1396 SF, 3 beds, 1.5 bath home features heated rec/craft room. RV parking, sprinkler system, & fully fenced backyard! $248,000 #1047958 MV RAMBLER…This nicely updated home offers 3 BR, 1.75 BA & is located at dead end street in great neighborhood. Gas log fireplace, large deck w/fully fenced backyard & a nice view of Little Mountain.

All appliances included. $299,500 #1065321 READY TO BUILD...22 Lots in Nookachamp Hills near Big Lake. Water, Sewer, Electric & Nat’l gas to each lot. Priced from $84,000-$145,000. #746424 -#746695

ANACORTES LOCATION…Great potential for 8 or 9 lot subdivision with utilities in the street. Convenient to schools and town. $535,000 #772211 WATERFRONT ACREAGE…Excellent Salmon fishing, close to Anacortes & short ride on 2 private ferries.

Low bank (20 to 30ft.) South facing w/sun exposure. $299,000. #1046623 MV MEDICAL CLINIC...This office is well designed for many professional uses. At just over 3,500 SF of enclosed one level area, this office has been well maintained, recently updated, has large reception area, & much more! $799,500 #1061873

INDUSTRIAL ZONED LANED…Includes 1.41 level acres on paved street with sidewalks & all utilities available. Older 4 BR home on front of property needs updated. Use as residence or office. Lots of potential. $249,500 #1030907 BURLINGTON COMMERCIAL LOT…Outstanding buildinglotacrossfromRegenceBlueShield.Perfectfor professional use.Sewer is stubbed in,water meter is in, & lot is 164 x 210. $415,000 #791084 EXCELLENT 1.43 ACRE SITE…Prime commercial location, just 1 block off College Way. Property ready for development. Paved street, sidewalks, curbs, and gutters. Make an offer! $437,000 #676549

SOUTH SKAGIT HWY…High quality sand & gravel deposit. 1200 SF shop & office building on property. $1,350,000 #1049831 BIG LAKE AREA…1/3-acre lot located in the Big lake area. Build your dream home with views of the mountains. Utilities including natural gas are in the street. Property has very slight slope down to road. $75,000 #598013 CHARMING CHALET STYLE HOME…Not only does this almost 1 acre property offer a great view of the river, but it also offers a 2nd home! Main house new in 2014, 3 BR, 2 BA and just over 1,700 SF. 2nd home 864 SF with 2 BR, & 1 bath. $375,000 #966598

Kristen Tuttle

708-8392

Jeff Ingman

202-2859

Tim Reichert

391-5587

Yvonne Brown

840-4375

Shelah Inman

661-0145

Ron Wortham

661-1500

Galen Kindred

770-7083

Jodi Dynes

333-7783

Mary Jo Reitsma

770-6013

Holly Hilts

661-5538

Fritz Inman

661-0147

Travis Lohman

661-4533

January 20, 2017

RE-Weekly.com

Terri Heyntsen Tod LeHecka Jan Scally David Parsons Dale Owenby

391-0938 333-1032 421-5160 391-4008 913-8662

1561503

2 1/2 ACRES…This property is located in Bayview, it’s part of a 4-lot plat with PUD water & natural gas. Short distance from I-5 & and much more! $165,000 #1064636

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www.WindermereSkagit.com RESIDENTIAL W NE

VACANT LAND 517 S. 38th Place, MV $434,750 Beautifully updated SummerRidge home with 4 beds plus office. Hardwoods throughout main floor. Kitchen with slab granite counters, opens to sunny informal dining area & living room w/stacked stone fireplace. Formal dining room.

Office off entry. Master bedroom w/brand new tile/granite 5piece bath. Finished basement has family/rec room, .5 bath, opens to patio & fenced yard. Attached garage.

Call Megan O’Bryan, 708-5817 or Spencer Roozen, 708-0634 MLS# 1037585

!

1301 Walter St, MV $148,000 Cute Craftsman 1 bed, 1 bath, 680 SF home.

Walking distance of downtown shops & restaurants.

Original fir floors, newer double pane windows & drywall. Generously sized kitchen with stone countertops custom cabinets. Bathroom has newer updated fixtures, tub, & tile floor.

Call Bette Thompson, 840-5109 MLS# 1065751 607 Cedar Tree Drive, SW $319,000 Brickyard Creek community 3 bed, 2.75 bath rambler. Updated kitchen with granite, stainless appliances & stunning backsplash. Spacious floor plan with vaulted ceilings make this a great home for entertaining. New deck in front yard adds to curb appeal. Fully fenced backyard with deck, patio.

Call Shelby Hagman, 982-0163 MLS# 1035937 2400 N. Laventure Rd, MV $325,000 This property is beautiful & large. Located inside the city, but very private at the end of a long driveway, this 2.2 acre property has large trees, open space & lots of room to play. Home has 4 bedrooms.

Call April Axthelm, 661-4947 MLS# 883055 7604 Grandview Rd, Arlington $390,000 Enjoy country living with easy access to I-5 & town. Charming home on 11.65 acres. This 3 bed, 1 bath home has bamboo flooring, new carpet, & upgraded kitchen. Light & bright home with stainless appliances, custom lighting, remodeled bathroom, & deck off the master. Paved driveway, outbuildings & basement for extra storage.

Call David Mani, 425-319-7091 MLS# 1053086

21865 Swan Rd, MV $459,900 Tastefully renovated home & a 5-bay shop on a desirable 1+ acre. A welcoming design with a Craftsman inspired style throughout. The main floor holds the open kitchen/living/dining, den, master suite, guest bed & bath with 2 beds, bath & a rec room on the lower floor. Chef’s kitchen offers granite, subway glass back splash & SS appliances. SkagitValleyHomes.com.

Bill & Jannette Krieger, 421-4446/ Shawn & Tiffany Danley, 360-298-4857 MLS# 1041701 22622 N Starbird Rd, MV $575,000 Desirable Conway location. Gorgeous water views, 5 bed 2800+ SF home, & monitor barn/shop all on 6+ acres. This custom home features hardwoods, SS appliances, river rock FP, double master, formal DR, & tons of storage. Barn w/roll up doors on either end for pass thru, & loft w/winch, asphalt driveway, outdoor fire pit, patio & deck. Equestrian potential.

Call Jamie Yantis, 540-5264 MLS# 1041825 9674 Samish Island Rd $699,990 Incredible property! 157 ft of medium bank waterfront. Almost an acre & it includes a darling duplex. Each unit is 1 bed, 1 bath. They have a nice shared laundry room with storage for each unit.

Views from the property are amazing.

Call Sarah Minton, 770-3076 MLS# 804056 16708 Britt Rd, MV $1,100,000 Boxwood Farm is that rare combination of stately home & small acreage farm. Privately situated on fertile Skagit farmland, w/options for agricultural &/or equestrian pursuits. Horse-ready w/paddock, fencing, loafing shed, great barn. 240 SF greenhouse.

The lovely, fully-updated Williamsburg Colonial is warm, welcoming & centers on a gourmet kitchen & sunny great room. A gracious home, designed for both comfortable daily living & expansive entertaining options.

Call Megan O’Bryan, 708-5817 MLS# 924351

Hoxie Lane, Ana $62,900 Over 1/2 acre cleared lot ready for your new home.

PUD water & electricity in street, soil logs for septic & lot certification completed. Private location close to Hwy. 20, Anacortes & Oak Harbor. Bring your building plans. Manufactured homes ok. Additional lots available.

Call Jim Glackin, 428-2828 MLS# 842443 7270 Sled Run, Concrete $99,900 City water available. Wonderful 5.91 acres secluded yet just a few blocks from downtown Concrete with views of Glacier Peak. A buildable lot was cleared, perk test was done, electricity is to the lot. This Lot is just waiting for you to build your dream home.

Call Deborah McNeal, 707-8073 MLS# 602064 Amick St, MV $129,000 15.39 acres of beautiful secluded property yet close to town. Build your dream home here! Two parcels, a water catchment system is recorded at the county so you can get a building permit.

Call Beck Elde, 770-9427 MLS# 898454 1300 Digby Pl, MV $199,500 2 Parcels approved for a total of 8 units zero lot line view town-homes. Building plans are complete. All utilities are available at property. Close to shopping, schools, & hospital. Downey Road, La Conner Call Dick Nord, 661-6529 MLS# 1045167 Downey Road, La Conner $325,000 Rare 19.66 acres north of La Conner with lot certification. Enjoy the views of Mt. Baker & the Cascades from your new home & lease the balance out to a local farmer. This is a rare opportunity to own less than 40 acres in the ag zone with a building right.

Call Jim or Balisa Koetje, 421-4111 MLS# 886835 Old Hwy 99 N, Burlington $800,000 High visibility I-5 exposure at busy 4-way exit 232.

Next to Starbucks. Level, retention pond in place, sewer & water in street. Approx 600 feet of frontage on Old Hwy 99 North. Very few freeway parcels this good remain.

Call Jim Scott, 424-4901 MLS# 1057842

Skagit Valley • 1030 E College Way • Mount Vernon • (360) 424-4901 April Axthelm Balisa Koetje Becky Elde Bette Thompson Bill Krieger Brett Johnson Cory Keihn Dave Patterson

6

360-661-4947 360-421-4111 360-770-9427 360-840-5109 360-421-4446 360-661-3825 360-441-1760 360-708-5030

David Mani Dawn Hardman Deborah McNeal Dick Nord Don Neill Donna Rowell Elizabeth Miller

425-319-7091 360-540-0058 360-707-8073 360-661-6529 360-420-4444 360-708-7984 360-420-3607

George Bellos Geri Cole Harry Ota Hollie Del Vecchio Jake Koetje Jamie Yantis Jim Glackin

360-708-9762 360-391-1614 360-708-3500 360-525-5538 360-466-8045 360-540-5264 360-428-2828

Jim Koetje Karen Beckner Karen Peirolo Karine Anderson Leah Hines Linda Eastman Megan O’Bryan

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360-202-2500 360-840-9455 360-348-0480 360-421-1189 360-428-3012 360-202-4075 360-708-5817

You know Windermere sells ho - lots of houses. Well, we also s lot of commercial property. In f our group of commercial broke provide local expertise in all phases of commercial real esta including buying, selling, and leasing. How may we help you?

ww

Anacortes (360)293-8008 | Mount Vernon (36

North Cascades • 520 Cook Road Nathan Loeb Nicole Ganske Rita Ingram Sarah Minton Shawn Danley Shelby Hagman Shelly Hanson Spencer Roozen

360-333-7197 360-941-8999 360-708-8338 360-770-3076 360-488-3858 360-982-0163 360-420-2565 360-708-0634

Tahlia Honea

360-333-5815

Tasha Zahlis

360-391-5075

Tessa Jarvis

360-503-1939

Tiffany Danley

360-298-4857

Travis Miller

360-420-7291

Warren Bingham

360-770-2421

January 20, 2017

www.AnacortesRealEstate.com RESIDENTIAL

2308 24th St, Anacortes $525,000 Wonderful 2-story home near Anacortes Forest Land trails & 2 blocks off D Ave for great access to town.

Vaulted ceilings & 9’+ walls give an open airy feel throughout the home. An inviting central courtyard really brings the outside in. Open design kitchen w/granite countertop & tile floors; casual dining nook & family room w/FP compliment the formal Living & Dining rooms. Great design features a guest BR & full bath on main level. Master suite & 2 additional bedrooms are upstairs. Make it yours.

Debbie Macy 391.2422 | Colleen Sargent 202.2155 MLS# 972629

ouses sell a fact, ers

?

ww.SkagitCountyCommercial.com

60)424-4901 | Sedro-Woolley (360)856-4901

d • Sedro-Woolley • (360) 856-4901 Bill Robillard Caroline Baumann Catherine Mers Christine Cleland-McGrath Cheryl Frazier Colleen Craig Cynthia Aanestad Debbie Macy

January 20, 2017

360-770-4707 360-202-7327 360-982-6831 360-708-0267 360-202-4789 360-770-9638 360-610-0120 360-391-2422

3905 Isle Way, Anacortes $448,000 Enjoy wonderful, active views of Guemes Channel & San Juans from The Isles. The Isles is a new development that provides quality homes that are low maintenance, energy efficient & ecologically responsible. Custom cabinets of alder, fir wainscoting, cherry floors, slab granite, beautiful tiles, ductless heat pump, surround sound, designer carpet and fixtures are some of the features in this home.

Clubhouse, waterfall, outdoor living area and maintained grounds.

Margi Houghton 360.202.0041 MLS# 918368 419 34th St, Anacortes $349,000 Fabulous investment opportunity. Updated in 2010 this craftsman style home is located in the industrial Zone in Anacortes. Home is 1360 sq ft. while the commercial Shop/ is an additional 1008 sq ft. Shop area has additional kitchen, bth, laundry. Property has easy access and plenty of parking (including RV) and boasts 2 storage shops. Zoning allows for a multitude of business opportunities including office, repair facilities, warehousing etc. Shop is insulated and finished. Bring your dreams.

Paul Weisz 360.391.7281 MLS# 1042981 5705 Sugarloaf St, Anacortes $449,500 Beautiful new construction one level home in a great location close to Washington Park, marinas, beaches and all Skyline amenities. This 3 bedroom, 2 bath home features granite countertops throughout, stainless steel appliances, open living concept perfect for entertaining, large master suite with oversized bathroom and walk in closet, spacious utility room right off garage.

Debbie Macy 360.391.2422 MLS# 1042646

6011 Pacific Ave, Anacortes $170,000 Located at the near tip of Fidalgo Island and only moments from Anacortes’ beloved Washington Park.

9,583 Sqft lot features amazing views and is part of the coveted neighborhood of “The Woods at Sunset Cove”. Build ready with all utilities on lot.

Offers: Seller intends to review offers upon receipt.

Colleen Craig 360.770.9638 MLS# 1040424 3708 Leeward Lane, Anacortes $479,000 Part of the unrivaled collection of 10 customcontemporary water’s edge lots to be built on by Strandberg Construction. Perched above the Guemes Channel Trail with access just a moment away, enjoy panoramic views of the dynamic boating activity & the surrounding San Juan Islands. Lush landscaping, a fenced buffer & a private gated entry create this delightful neighborhood.

Colleen Craig 360.770.9638 MLS# 867546

COMMERCIAL 2326 11th St, Anacortes $1,500,000 Property includes three tax parcels: P31529, P31532 & P31536. There are two tideland tracts along with 1,620 feet of railroad right of way for sale with this property. Property also includes the potential assignment of lease with the Department of Natural Resources of the Sabastian Stuart Cannery. Lease expires in 2017, but there is an option to extend for an additional 15 years.

John Prosser 360.202.3891 MLS# 879889 9006 Molly Ln, Anacortes $144,950 New. Great Bays Storage. 55 ft x 24 ft with 14 ft doors and 20 ft ceilings. Great storage for RV’s, Boats, Cars or small business. Gated with security. 8 units available.

Rick Bennett 360.202.2630

Anacortes • 3018 Commercial Ave • Anacortes • (360) 293-8008 Donna Cunningham Gina Davis Jack Dixon Jackie Stone Jeannine Reinig Jessica Notaro Joan Handelmann John Prosser

770-335-7513 360-708-7794 360-941-5000 360-661-2247 360-724-8555 360-202-1441 360-202-4800 360-202-3891

Judy Moore Kathy Rogers Kristi Gabrielse Kim Wilson Leigh Zwicker Linda Macy Margi Houghton

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360-770-3515 360-941-4400 360-420-3119 360-333-2490 360-333-9975 360-708-8284 360-202-0041

Nate Scott Paul Weisz Rebecca Chamberlain Rick Bennett Rob Skelton Sarah Jones Tracy Peterson-Foy

360-708-2354 360-391-7281 360-421-5021 360-202-2630 360-488-3776 360-333-2783 360-708-1833

1560203

ate,

3320 Oakes Ave, Anacortes $1,299,000 This fantastic remodeled waterfront home overlooking the Guemes Channel has 180 degree view of islands & Mt. Baker. Home has 3 bedrooms, 2-1/4 baths; kitchen is equipped with high end SS appliances and custom finishes. Concrete deck wraps around the water side of the home; abundance of parking including room for an RV or large boat. Flagstone patio area with fountain. Breathtaking views & spacious lot gives waterfront living a new meaning.

Bill Robillard 360.770.4707 MLS# 882708

LAND

7

Payday Loan Fallout?

Question:

A few years ago we ran into financial problems between jobs and got financing from a payday lender. After several loan extensions we were able to repay the debt. How will this impact our ability to buy a home?

Answer:

Payday loans are a form of financing long associated with enormously high interest rates and very bad credit outcomes.

The payday loan market exists in large measure because consumers have shown a widespread inability to save. A large-scale study

by GoBankingRates.com found that most people – 69 percent – have less than $1,000 in savings.

In fact, the same study found 34 percent of those surveyed had no savings.

Such savings habits expose individuals to the mercies of the payday loan system in the event

a child needs to visit to an emergency room, an engine light goes on or overtime hours do not come through. The need for cash is immediate while the availability of funds is not.

A 2013 study by the Consumer Financial Protection Bureau (CFPB) found the typical payday loan was for $392. In other words, individuals with just $400 in the bank can avoid payday lenders altogether.

The Pew Charitable Trusts found in 2014 payday loan interest rates reached as high as 547 percent in South Dakota. In response, voters in that state just overwhelmingly approved a 36-percent interest rate cap on payday and auto title loans. Given the success of the South Dakota effort such referendums may well spread to other states.

In terms of home buying and mortgages, payday loans raise several red flags for lenders.

First, the need for payday loans suggests limited or nonexistent savings and a lack of reserves.

Second, payday lenders typically do not report payments to credit reporting bureaus according to the CFPB, so if you make full and timely payments you don’t get good marks on your credit report.

Alternatively, if you miss payments the loan may

Q& A

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By Peter G. Miller

be turned over to a debt collector and then show up as a huge negative on your credit report.

Third, a payday borrower may have so few traditional credit entries that it’s difficult to provide a credit score. The Federal Deposit Insurance Corporation estimates that almost 35 million households are unbanked or under-banked.

What to do if you have had a payday loan?

Mortgage lenders would very much like to see that the payday loan was paid off, that you now have savings and that you have evidence of good credit. These things will take time to acquire.

Lenders are increasingly open to alternative evidence of credit such as rental checks and utility bills. Check your credit report without cost at AnnualCreditReport.com to see if there are errors or out-of-date items and open a checking account with a local bank – an account that includes a personal line of credit.

Now could be the time to sell a new home and earn a slice of the real estate pie.

Record-low interest rates and record-low housing prices are renewing interest in the floundering housing market for many people.

“When sellers are interviewing real estate agents to market their homes, their primary focus is usually on the advertising that the agent will offer them,” says Jessica Goodbody of Weichert Realtors.

Let us help you meet your marketing goals by advertising your listings in Real Estate Weekly.

Call 360.416.2180 Today!

RealEstate weekly In print and online

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January 20, 2017

Refinancing?

Watch for Hidden Fees “No hidden fees” doesn’t always mean what it says

W

hen homeowners refinance their homes, their lender provides them with a HUD-1 Settlement Statement. By law, this standardized form itemizes the services provided by the lender and any associated fees. Many lenders point to this form as proof that the rates they offer contain “no hidden fees.” But there is one fee that’s not required to be reported: the “yield spread premium,” which can inflate borrowers’ interest rates unnecessarily.

“While mortgage brokers are legally obligated to disclose the yield spread premium-kickback for inflating a homeowner’s interest rate on a home loan or refinance mortgage bankers or banks have no such obligation,” explains a statement from the Mortgage Inspection Service, a firm that specializes in comparing bank rates to ensure that borrowers are getting a fair deal.

But how does the yield premium spread affect a

January 20, 2017

homeowner’s borrowing rate? If a hypothetical customer qualifies for a 4 percent interest rate on a 30-year fixed loan in the amount of $200,000, an underhanded lender might try to get the borrower to instead accept a 4.25 percent rate. Just a quarter of a percentage point increase could lead to a profit of about $2,000 for the lender.

Because lenders have no legal obligation to disclose these fees, they sometimes sneak their way into refinancing transactions, particularly when large mortgages are being refinanced.

One way to catch such interest rate inflation is to pay careful attention to the Good Faith Estimate, prepared in advance by a lender, and the HUD-1 form that’s presented one day prior to a loan’s settlement. By seeing if any changes have been made to the interest rate, consumers can be made aware of any yield spread premiums – “no hidden fees” or not.

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9

$600,000 1238 TOlEDO ST, BEllINGhaM

3903 E. COllEGE WaY, MOUNT VERNON

5 Bedroom older Williamsburg Style Colonial home on 3.78 developable acres with possibility to have 20 residential lots. Very level lot for easy development. Home is circa 1900’s.

Large bedrooms and dining room. Shop with underground electricity. Home to be sold as is.

Commuters dream! Close to everything; schools, shopping, medical, Skagit Valley College, I-5.

SUZANNE JENKINS MLS #1045770 360-941-2983

5798 JENNIFER laNE, BOW

15XXX MEaDOWlaRK laNE, MOUNT VERNON $79,900 23786 KaMlOOP CT., MOUNT VERNON $150,000

All city amenities available at street’ including PUD water, electricity, natural gas, cable TV, city sewer and city garbage pick-up. Lovely evergreens and deciduous trees. Over 1/5 of Danya Wolf 360-708-8294 an acre! Includes two tax parcels!

MLS #863875

Large lot in Nookachamp Hills Community. Beautiful country setting overlooks a private lake for you to enjoy. Less than 10 minute Yolanda Sakuma drive to the city of 360-421-0435 Mount Vernon. All utilities are stubbed to the lot.

MLS #1059504

13813 STaTE ROUTE 9, MOUNT VERNON (5 aCRES)

$239,000

Beautiful view property, ready for you to build your dream home. PUD water, power and 3 bedroom septic surrounded by a circular driveway or continue on to another wonderful building site - cleared, level, and with spectacular mountain view! New gravel road is partially paved.

Good access from Highway 9 for easy driving into proper ty.

I-5 minutes a w a y.

Watch for signage.

MLS#1014931 Carla Fischer Celia Miller

$359,950 Partial bay and city view. 4 bedrooms, 2 full bathrooms. Master bath has walk-in handicap tub and extra vanity, tile floor at bath and kitchen, stainless appliances, dishwasher, range, refrigerator, washer and dryer stay with house. Gas fireplace, Oak floors, 2 large decks, storage building at back of house.

Located near schools, event locations and s h o p p i n g . Joan Boudreau 360-391-0746 MLS #1040211

Buyers and Sellers!

First time buyer?

Retiring?

Up grading? Down-sizing?

Ready to build your dream?

Investor?

Our team of Realtors is ready to help you, whether buying, selling or both. Sellers,ask for a free market analysis of your current home,buyers ask about lenders, there are a lot of new loan programs available. Let our team make your dream a reality!

$375,000 Large triple-wide manufactured home on 5 plus acres. Newer hardwood floors and carpeting.

Sweeping land views.

Garage with extra room.

G a t e d community for privacy and security.

Minutes to I-5. Suzanne Jenkins MLS #1025330 360-941-2983

3418 TRUMPETER DRIVE, MOUNT VERNON

$348,000 Comfortable, inviting 3 BR/1.75 BA rambler in desirable cul de sac location close to schools. Easy access to I-5. Beautiful home features stunning kitchen w/fabulous cabinets, soft close drawers, courtertops, & stainless appliances. Updated flooring & carpets throughout.

MLS #1066443

Carla Fischer

360-982-0010 360-391-6065

1510 S 6Th ST., MOUNT VERNON

360-982-0010

Danya Wolf Suzanne Jenkins Brett Tacker Sandy Everett JoAnn Boudreau Celia Miller Donna Kurras Elva Hunter John Hunter Russ Lanker Shirley Bertholf Carla Fischer Yolanda Sakuma Patricia Box

$214,000

3 Bed/1.75 Bath rambler close to everything! Walk to downtown shops and the Riverwalk! Great starter home.

Roomy kitchen with walk-in pantry; ample storage, garden window and gas stove; vaulted ceilings. Suzanne Jenkins Fully fenced backyard; deck off slider.

360-941-2983 MLS #1047096

Yolanda Sakuma

360-421-0435

360.708.8294 360.941.2983 360.840.7931 360.202.3706 360.391.0746 360.391.6065 360.770.7596 360.202.3086 360.202.3854 360.708.1117 360.840.1863 360.982.0010 360.421.0435 360.941.9186

3780 E. College Way, Mount Vernon

360.424.0300

www.skagittraditionrealty.com 12

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January 20, 2017