Re-Weekly 11-18-16

RE-Weekly.com .com REAL REALESTATE ESTATEIN INSKAGIT, SKAGIT,ISLAND ISLANDAND ANDWHATCOM WHATCOMCOUNTIES COUNTIES

INSIDE INSIDE

This This Issue Issue This Issue THE 411 ON PMI P. 4

Q & A: Ask Our Broker P. 8

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

Jamie Valley Skagit Yantis/ TraditionWindermere/Skagit Real Estate

P. 9

SEE SEEPAGE PAGE33FOR FORMORE MORE

$425,000 $600,000

(360)360-424-0300 540-5264

RealEstate RealEstateweekly weekly

AAsupplement supplementtotothe theSkagit SkagitValley Valleyherald Heraldand andthe theAnacortes AnacortesAmerican American

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Classifieds P. 10 -11

NOVEMVER 18 9-15, – 11, 24, 2016 SEPTEMbER 2016 FEb. 5- FEb. 2016 1474289

FEATUREHOME: HOME: FEATURE 17186 Court, Mount Vernon 3903 Coho E. College Way, Mount Vernon

How the market will change in the next 12 months

Re-Weekly content sponsored by: Northwest Fine Furnishings

TABLE OF CONTENTS

How the market will change in the next 12 months............................. P. 9 Classifieds.........................................P. 10-11

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To advertise in RE-Weekly or other Skagit Publishing publications, Call: 360.416.2180 or Email: ads@skagitads.com ©2016 by Skagit Publishing LLC | All rights reserved.

All real estate advertised in Real Estate Weekly is subject to the Federal Fair Housing Act, which makes it illegal to advertise “any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation or discrimination.” We will not knowingly accept any advertising which is in violation of the law. All persons are hereby informed that

BURLINGTON

w NE

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

SKAGIT PUBLISHING

Territory NW T

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The 411 on PMI........................................ P. 4

Wooden toys, sofas, love seats, desks, pot racks, benches, rugs, bedroom sets, dining sets, live edge tables, sofa tables, kitchen islands, wedge tables, rocking chairs and bar chairs!!

Mon - Sat 9:30-5:30, Sun 11-4 (360) 424-8455 www.nwff.com 919 Riverside Drive, Mount Vernon

INSIDE

all dwellings advertised are available on an equal opportunity basis.

For further information call HUD Toll Free at 1-800-669-9777.

All Houses subject to prior changes without notice. Neither advertisers nor Skagit Publishing are responsible for any errors in the ad copy.

Skagit Publishing reserves the right to refuse any advertising, which we deem unsuitable for our

publication.

Unless otherwise noted, all photographs, artwork and ad designs printed are the sole property of Skagit Publishing and may not be duplicated or reprinted without express written permission.

Skagit Publishing is not responsible for typographical or production errors or the accuracy of information provided by advertisers.

MOUNT VERNON

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

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

www.SkagitValleyRealEstate.com

ND LA NT A C VA

G TIN LIs

OPEN HOUsE sAT. NOV. 19TH 1-3PM

OPEN HOUsE sUN. NOV. 20TH 1-3PM

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, 2600 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 Call Elizabeth, 708-8800

527 S. 4th Street, La Conner $449,900 Dir: South on Maple,West on Washington, South on 3rd, East on Benton, North on 4th.

First time on market in over 118 years! Wonderful views. Parlor & formal dining room w/coved ceiling. Gourmet kitchen w/custom Hertco cabinets. Vertical grain fir floors. Douglas fir siding. MLS #1002150 Call Elizabeth, 708-8800

D CE DU RE

Sedro-Woolley $19,950/each Builders dream! 3 adjacent view lots each sold separately in Glenhaven community. Affordable & lightly treed. Public water & electricity available in street.

Community amenities available. Great fishing on Reed Lake & Cain Lake.

MLS #1012590, MLS #1012618 & MLS #1012646.

Call Ron, 333-1045

Sedro-Woolley $257,500 Impeccably maintained 3 BR, 2 BA rambler in Glenhaven. Open floor plan.

Spacious kitchen that flows into a large family room. Glenhaven amenities include community lake, boat launch, parks, fishing, swimming pool, tennis & clubhouse. Easy I-5 access. Too good to miss! MLS #1025580 Call Wilma, 661-1631

Bow $369,500 Beautiful 2 story home in desirable area. 3 BR, 2 ¼ BA. Lg. living room & fireplace. Kitchen w/eating space. 2 bonus/rec/family rooms.

Attached 2 car garage & attached 2 vehicle/RV/boat carport. New roof, gutters & paint. Fully fenced yard on corner lot. MLS #1013958 Call Jim, 708-1681

AL NT RE

AL NT RE

Are you interested in Real Estate? Classes available

Wilma Louia Designated Broker/Owner 661-1631

2

Charlie & Jeannie Boon 708-9645

Jim Stransky 708-1681

Mount Vernon $699,000 3,634 SF, 3 BR, 3 ½ bath view home on 1 acre. Living, dining, nook, family, den & Rec. rooms. 3 minutes from 1-5, S. Mount Vernon. Fabulous kitchen, gas range, granite, eating bar. 2 decks, patio, hot tub, RV parking, garden space. All natural gas, well insulated, tons of extra storage. 3 car finished garage. Olympic mountain view & amazing sunsets. MLS #1014213 Call Kirk, 770-7470

Kirk Campbell 770-7470

Ron Van Pelt 333-1045

Elizabeth Detillion 708-8800

Sedro-Woolley $1,350/month Charming 2 story home on large corner lot feat. 3 BR, 1 BA. Master on main floor. Separate laundry room with washer & dryer. Oversized detached garage with opener. New carpet, paint & kitchen appliances. $1,350 deposit plus $150 non-refundable re-keying fee & $400 non-refundable carpet cleaning fee. Dog negotiable with non-refundable deposit.

Call Property Management, 755-5555

Ivana Wood 770-3550

Mike Welling 540-1341

Debbie Benjamin 708-8780

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Sedro-Woolley $1,600/month Two story home w/3 BR, 2.5 BA. Washer/dryer hookups. Covered front porch & deck off family room. New carpet throughout & new interior paint. Attached 2 car garage. Sewer & garbage paid. $1,600 security deposit plus $450 non-refundable carpet cleaning fee. 6-month lease required. Pet negotiable with non-refundable fee.

Call Property Management, 755-5555

Corinne Cartwright 202-2397

Maggie deSouza 610-8413

Jennifer Baker 220-1526

now! One on one training and learn at your own pace!

Call today! 360-755-9494

Willa Gilquist 253-318-6131

Luara Kaestner 441-5099

Traci Erickson Property Manager 755-5555

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Mount Vernon $450,000 Wonderful custom home in Conway. Open floor plan w/kitchen & dining area adjoining lg. living room. Beautiful granite counters in kitchen w/lots of cabinets & walk-in pantry. 2 master suites both w/walk-in closets and Jacuzzi tubs. Private location – approx. 5.1 acres & 2552 SF home. Oversized 2 car garage w/shop area. 3 Trex decks. MLS #980196 Call Ivana, 770-3550

November 18, 2016

SMARTER. BOLDER. FASTER.

Feature Home From cover:

North Homes Realty Inc.

3903 E. COLLEGE WAY, MOUNT VERNON

360.424.2100 • www.century21northhomes.com

Skagit tradition reality 3780 e. college Way mount vernon, Wa 360-424-0300 www.skagittraditionrealty.com

Open HOuse: SAT. 12-3 300 Gibson St. Sedro Woolley 3 bdrms, 2 bths. $215,950

$3,000 buyers bonus • 5 acres 2200+ sq ft home • 3 car garage MLS #1030921 • $372,000

1600+ sq.ft. • Generous master • Townhouse style • Kitchen w/bar MLS #1036714 • $220,000

Larger corner lot • Shy 1900 ft • 1 year warranty • 3 bdrms • 2 bths MLS #1025345 • $279,200

Perfect starter • One + bdrm Possible duplex lot • Convenient location MLS #974063 • $149,950

Nice corner lot • RV parking Central vac • Close in location MLS #1018949 • $229,500

Aaron Fries 360-348-7361

Emily Pepper 360-420-7228

Margie Ernst 360-708-3198

Scott Heiner 360-540-7537

Amy Harrison 360-913-5162

Jackie Lindeman 360-770-9080

Marlene Deasy 360-661-6720

Sharon Stokes 360-661-6164

Anita Kohl 360-961-7795

Josh Arunakul 360-982-3084

Nicol Macri 206-962-9475

Cara Turner 425-530-7675

Kathi Krogh - Mgr 425-239-4728

Richard Sundance 360-420-4046

Connie Moulaison 360-770-1341

Kenda Furman 360-391-0030 Kristine Palacios 206-618-5930

Sandi Hocking 360-708-1523

Susan Middleton 360-722-2433

Sandi Riley 360-770-8670

Traci Cypher 360-708-9481

Duane Gish 360-770-9299

Shelley Camacho 360-708-4377

SUZANNE JENKINS 360-941-2983

5 Bedroom older Williamsburg St yle Colonial home on 3.78 developable acres with possibilit y to have 20 residential lots.

Ver y level lot for easy development. Home is circa 1900’s. Large bedrooms and dining room. Shop with underground elec tricit y.

Home to be sold as is.

Commuters dream! Close to ever ything; schools, shopping, medical, Sk agit Valley College, I-5. mLS#1045770 $600,000

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SUN. 11:30Am-3pm 7653 Renic Dr Sedro Woolley 4 bdrms, 2.5 bths $372,000

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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

UPGRADED 3 BDRM HOME IN SW…Built in 2007 this floor plan features vaulted ceilings, hardwood floors, granite countertops, & ALL appliances stay! $230,000 #1034456

SALE FLIPPED…remodeled 3 bd rm home, great Burlington location, beautiful oak floors, tile bath, cove ceilings, vinyl windows, basement with shop space, near the park ONLY $210,00 #941536

DETAILS AUTO CAR WASH…Great location, 4 self-served bays, one automatic drive thru, & 3 vacuum detail islands. List price is based on a 10% Cap Rate on Actual 2015 Net Income. $1,671,780 #820139

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

CUSTOM HOME…2.9 acres just outside of city limits.

3 bed, 4 bath, & over 3,200 sf. This home has been just what you have been dreaming of! $549,000 #1013117 LOVELY CLEAR LAKE HOME…This nearly 4,000 sf home has 3 bedrooms, 2.5 baths, & an outstanding view of Clear Lake & surrounding mtns. 2 bay shop, & detached garage. $589,500 #1039790 BEAUTIFUL VIEW HOME…This custom built 4,802 sf home offers 3 BR, & 3.25 BA. Fully finished daylight basement. Kitchen w/granite & stainless. Large corner lot w/fenced backyard. $525,000 #1024839 2 HOMES & ACREAGE…5 parcels, 86 acres to call home!

Updated and beautifully maintained. 1st home is 5,170 sf. with 4 BR & 2 BA. 2nd home is 860 sf. with 2 BR & 3/4th BA. 4 car garage as well & many more! $1,150,000 #1011536

QUALITY CONSTRUCTION…1 level home on 6th fairway of Skagit Country Club! Two large bdrm & 3 bath. Kitchen w/loads of storage, living rm w/tray ceiling, new roof, new furnace, & many more! $349,500 #1024702 BURLINGTON PROFESSIONAL BUILDING…1,579 sf building currently used as a dental office. Great layout for a variety of businesses. Adjoining lot available. $285,000 #733399 GORGEOUS VIEW…Great 2,740 sf home with incredible view. Sits on just over 4 acres with 4 bedrooms, 2.5 bath, 2 shops, & many more! $545,000 #1022437 LA CONNER CHARMER…This 3 BDRM, 1.75 BA home is just over 1,500 sf with many characteristics to it. Close to restaurants and shops! JUST REDUCED! $277,500 #1012649

COMMERCIAL SITE…Excellent location in MV, paved street w/all utilities available and drainage installed. $437,000 #676549 DREAM HOME SETTING…Full acre of level pasture land w/views of mtns surrounding Big Lake. Paved street, & has PUD water and electric available. $150,000 #927385 CUTE CHARMER IN SW…Contemporary two story house just under 1,200 sf. 3 bedrooms, 2 bath, & double garage.

In great neighborhood! Priced to sell! $198,000 #1040879 LOVELY 17 ACRES…Gently rolling pasture land near Big Lake. Great views of Mount Baker & has public water available. $219,500 #940595 ONE OF A KIND…This gorgeous equestrian delight sits on 5 acres fenced. 2 master bdrms suites, 2 family rooms, chef’s kitchen, 5 baths, & so much more! $860,000 #978235

BURLINGTON CHARMER…Just over 1,000 sf this 3 BR, 1 ¾ BA home is move in ready! Open floor plan, free standing stove, & patio w/hot tub. Close to schools & parks. $234,900 #1039236

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

November 18, 2016

RE-Weekly.com

Terri Heyntsen Tod LeHecka Jan Scally David Parsons Dale Owenby

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

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Kristen Tuttle

FISHERMAN’S PARADISE…Waterfront acreage, excellent salmon fishing, close to Anacortes & short ride on 2 private ferries. Low bank (20-30 ft) South facing w/sun exposure. $299,000 #1046623

3

I

f you want to be a homeowner, you’ll need a mortgage, you’ll need insurance, and you may even need mortgage insurance – often called PMI, or “private mortgage insurance.” If you need it, you’ll be responsible for paying for it, despite the fact that this type of insurance isn’t in place to protect you; it exists to safeguard your lender.

PMI coverage is typically required on a mortgage loan when your down payment is less than 20 percent. It serves as a safety measure for the bank/lender in the event you can’t pay for your mortgage, says Mike Mirshahzadeh, chief revenue officer for The Money Source, Melville, New York.

“Lenders require PMI on loans because it reduces the risk of loss in the event the loan ends up defaulting,” Mirshahzadeh says. “In the event of a foreclosure on your home, the mortgage insurance company would pay the lender part of their losses.”

For example, say you take out a loan for $180,000 on a $200,000 home – which equates to a 10 percent down payment, triggering the need for PMI. If you default on the loan a few years later and the home sells for $165,000, the PMI insurer will need to reimburse the lender the $15,000 difference between the loan amount and the sales price.

With a conventional loan, your lender will set up PMI with a private company, which you will pay monthly premiums to, with little to no initial payment needed at closing; with an FHA loan, you’ll pay mortgage insurance premiums directly to the Federal Housing 4

The 411 on PMI

How private mortgage insurance works and what you can do to avoid it Administration both as an upfront cost at closing and as a monthly premium included in your monthly mortgage payment (for more details, visit tinyurl.com/PMI411).

PMI fees/premiums are usually calculated based on the amount of coverage the lender requires, which is determined by risk factors associated with the mortgage

– including your credit history, down payment amount, mortgage loan type (fixed-rate or adjustable-rate), and type of loan documentation.

David Hosterman, branch manager with Castle & Cooke Mortgage LLC in Greenwood Village, Colorado, says PMI costs on conventional loans currently range from 0.21 percent to 1.48 percent of the

RE-Weekly.com

loan amount.

“You may be able to opt for a single-premium mortgage insurance to avoid having monthly PMI. This is typically an upfront charge by the borrower which allows you to buy out of the mortgage insurance for the life of the loan,” Hosterman says.

To cancel PMI, you have to earn a minimum of 20 percent

equity in your home. You can request that your lender discontinue PMI after you’ve decreased your mortgage balance to 80 percent of your property’s original appraised value. You may be able to eliminate PMI sooner if you refinance, prepay your mortgage (make accelerated payments that pay down your balance sooner) or request a new appraisal of your home.

To avoid PMI from the start, aim to save up for the minimum 20 percent down payment. One strategy is to ask a friend or relative for financial help in the form of a gift (not a private loan) that the lender will need to verify.

“Also, consider applying for a piggyback loan, also called an 80/10 loan, in which you get a first and second mortgage at the same time. The first loan covers 80 percent, and the second loan covers 10 percent, thereby covering 90 percent of your purchase price and allowing you to put down 10 percent,” says Robert Flower, vice president of sales for Associated Mortgage Bankers, Inc. in Floral Park, New York.

Alternatively, consider other low-down payment loans that don’t require mortgage insurance.

“VA loans require zero down payment and no mortgage insurance, although the approval process can take longer,” says Mark Ferguson, Denver-based Realtor and creator of Invest Four More.

“Additionally, some local down payment assistance programs, which vary by state, have no mortgage insurance requirements. Check with a knowledgeable lender in your area to see if you qualify.”

November 18, 2016

I AM A REALTOR®

And an active part of my community.

Rick Schutte

Coldwell Banker Koetje Real Estate

Recipient of the NPSAR Monthly “I AM A REALTOR®” Award Rick Schutte has served his community in Oak Harbor for over 40 years.

He has ministered, along with his wife, as youth pastor and elder at their church.

He has a long tenure with the Oak Harbor Little League and Babe Ruth baseball programs, and was a director for Northwest Multiple Listing and two REALTOR® Association boards. Rick is currently involved with the annual local food drive campaign called Christmas in July that benefits North Whidbey Help House, chartered in 1977, as a community based, non-profit food bank. He has also participated in the “Not in Our House” local fundraising campaign to help breast cancer patients, and donating to both the Whidbey General and Island Hospital cancer programs.

FINAL PHASE

“I love my community, and I am a REALTOR®”

Rick Schutte

New home community designed exclusively for 55+ Starting from the high $300’s Large Homesites - some nearly ¼ acre in size!

Yards maintained by the homeowners association Homes range from 1,682 – 3,291 square feet 3-car garages available on some home designs

1.877.769.8070 LandedGentry.com

North Puget Sound Association of REALTORS®

525 E College Way, Suite J • Mount Vernon, WA 98273 • 360-416-4902

Mission Statement: North Puget Sound Association of REALTORS® advocates for REALTORS® and their clients and promotes the protection of property rights.

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November 18, 2016

• • • • • •

Contact Rebecca 360-982-8964 or Mary 360-708-6763. Sales office is open Wed-Sun, 12:00-5:00. Directions: I-5 to Mount Vernon; Exit 225, East on Anderson Road to 4 way stop.

Proceed straight on LaVenture to E. Division Street. Right on East Division to Twin Brooks Dr.

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www.WindermereSkagit.com RESIDENTIAL 64197 E. Cascade Dr, Marblemount $165,000 2 bed, 1 bath, well built & well maintained home.

Vaulted ceilings, upstairs loft, & big beautiful deck. Be secure in the gated community of Cascade River Park, with river access. You can live off grid, good solar system in place, septic, & community water.

Call Bette Thompson, 840-5109 MLS# 1028566

517 S. 38th Place, MV $439,000 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 5 piece bath. Finished basement has family/rec room, .5 bath, opens to patio & fenced yard. Attached garage.

Call Megan O’Bryan, 708-5817 or MLS# 1037585 9826 District Line Rd, Burl $299,999 Spencer Roozen, 708-0634 Rambler in a country setting just minutes from 21865 Swan Rd, MV $459,900 I-5. 4 beds, 1.75 baths, 2,116 SF. 2 car garage and Tastefully renovated home & a 5-bay shop on large shop on nearly .5 acre. Private backyard a desirable 1+ acre. A welcoming design with a with views of farmland & Sterling Hill. Plumbing Craftsman inspired style throughout. The main recently updated in home. Large remodeled floor holds the open kitchen/living/dining, den, rec room, living, laundry room, & kitchen master suite, guest bed & bath with 2 beds, with eating space highlight the interior. Home bath & a rec room on the lower floor.

Chef’s kitchen offers granite, subway glass is located on a quiet street surrounded by back splash & SS appliances. established properties.

SkagitValleyHomes.com.

Call Brett Johnson, 661-3825 MLS# 1041632 Bill & Jannette Krieger 421-4446/ Shawn & Tiffany Danley 360-298-4857 MLS# 1041701 1202 S. 10th St, MV $315,000 Classic, 4 bed, 2 bath home located in a desirable 22622 N Starbird Rd, MV $575,000 MV neighborhood, close to schools, shopping, Desirable Conway location. Gorgeous water medical district, parks & I-5. There are many views, 5 bed 2800+ SF home, & monitor original features including coved ceilings, barn/shop all on 6+ acres. This custom home archways, built-in’s, wood burning fireplace & features hardwoods, SS appliances, river rock FP, more! Laundry & utilities are located in the large double master, formal DR, & tons of storage. Barn 980 SF daylight basement with tons of storage. w/roll up doors on either end for pass thru, & loft New roof was put on in 2002. w/winch, asphalt driveway, outdoor fire pit, patio Call Karine Anderson, 421-1189 or Tasha Zahlis, 391-5075 MLS# 1030185 & deck. Equestrian potential.

Call Jamie Yantis, 540-5264 MLS# 1041825 8601 218th Place NE, ARL $349,900 3801 W. 12th St, ANA $615,000 Fully remodeled 5 bed 2.75 bath home in a Beautiful Home in Rock Ridge. 3024 SF, 4 beds, fantastic neighborhood. Brand new grey oak 3.5 baths. Open concept floor plan; a 2 story wall floors, renovated kitchen with granite, SS appliances, led light fixtures, new interior of windows frames an amazing sea & island view. & exterior paint. Great entertaining floor plan.

Cooks kitchen; granite, gas stove top, SS app, & The family room is anchored by a gas FP & has walk-in pantry. With decks & patios encircling. dramatic vaulted ceilings.

Formal dining area & informal eating area guest SkagitValleyHomes.com. suite is on main level, master suite features large Bill & Jannette Krieger 421-4446/ Shawn & walk-in closet & Private Lanai.

Tiffany Danley 360-298-4857 MLS# 1046657 Call Bette Thompson, 840-5109 MLS# 977651

OPEN HOUSE Sat November 19th, 1-3 4403 Oakes Ave, Ana $634,900 Views of the Sound, ferry & boat traffic from all living areas! Larger lot with room for RV or boat.

This is an older house that has been completely transformed - all is new, of very high quality.

Gas fireplace, granite counters, stainless appliances, real hardwood flooring, master w/large walk-in closet, Kohler fixtures, gas stubbed to decks for bbq, rounded corners, cathedral ceilings.

MLS# 1032294 Call Jim Glackin, 428-2828 17389 Blodgett Rd, MV $724,900 Private gated estate. Property includes many amazing outdoor living & entertaining areas, guest cottage, 3-car garage w/apartment, garden studio, fully outfitted 4-car dream shop, deluxe outdoor kitchen & more. Lush gardens & manicured landscape. Inside enjoy a beautiful master suite, gourmet kitchen w/huge pantry, & family room with wet bar & fireplace.

SkagitValleyHomes.com.

Bill & Jannette Krieger 421-4446/Shawn & Tiffany Danley 360-298-4857 MLS# 1005017 18192 Peregrine Lane, MV $748,959 Stunning views from every room of this architecturally-designed Cascade Ridge home.

Main level living including master suite w/his & hers walk-in closets, built-in office area. Kitchen made for entertaining, w/direct access to the covered deck. The daylight basement is a mother-in-law unit or guest apartment w/its own kitchen & private patio.

Call Megan O’Bryan, 708-5817 MLS# 931537

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 360-708-9762 Geri Cole 360-391-1614 Harry Ota 360-708-3500 Hollie Del Vecchio 360-525-5538 Jake Koetje 360-466-8045 Jamie Yantis 360-540-5264 Jim Glackin 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

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

November 18, 2016

www.AnacortesRealEstate.com LAND 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 is equipped with high end appliances, has a concrete deck & abundance of parking including room for an RV or large boat. Breathtaking views & spacious lot gives waterfront living a new meaning.

Bill Robillard 360.770.4707 MLS# 882708 345 Reed Bay Rd, Decatur Island $459,000 This gorgeous west-facing parcel and a “like new” home, beautifully renovated by Decatur Construction and Dupar Design, sits above the community beach on Reeds Bay and has wonderful views from every room in the house. Being sold “turn-key” w/designer finishes, new electric, plumbing, appliances, covered deck, lovely wood cabinetry and granite countertops. Easy access to private dock and airstrip and 10 ac waterfront park and only a short water taxi ride from Anacortes. Phone and DSL available.

Sarah Jones 360.333.2783 MLS# 910368 357 Davis Bay Rd, Decatur Island $399,900 Perfect investment for VRBO or your own beach “getaway”.

This classic bungalow has 339 SF updated living space on upper level w/insulated windows, vaulted ceiling and lots of open sleeping space; and the rest of the house is right out of a 1920’s time capsule with a sunny country kitchen, main floor bedroom, dining area, living room and unfinished basement. The homesite is incredible with stairs to a lovely sandy beach, where the water taxi can drop you off right in front. Incl mooring buoy.

Sarah Jones 360.333.2783 MLS# 920895 419 34th St, Anacortes $349,000 Fabulous investment opportunity. Upldated 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, bath, laundry. Property was 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

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

10134 Halloran Rd, Bow $814,000 Live the Samish Island Lifestyle! This estate home sits on a shy 2 Ac with 180 degree panorama view of Padilla Bay & Islands beyond. Classic traditional home offers spacious floor plan with gracious rooms & living space. Large adjoining Living-Dining offers plenty of room to entertain all your ‘Island Guests’! Walls of windows and French doors bring in loads of natural light and the incredible views...

Bonus of salt air! 835 FT of community waterfront offers easy crabbing and clamming.

Leigh Zwicker 360.333.9975 MLS# 1019768

d • Sedro-Woolley • (360) 856-4901

NE

W

!

NE

1954 Thatcher Pass Rd, Decatur Island $120,000 263’ waterfront with driveway, partial clearing, power and a shared well. Great potential! Property has a steep slope down to the water and previous owner had moved numerous vehicles and building materials onto the property that a new buyer will probably want to remove.

Pricing is based on purchaser accepting the property “as is”. Sale subject to completion of road/well easement for neighboring property. 800 sf structure on the property is uninhabitable and should be viewed with caution.

Sarah Jones 360.333.2783 MLS# 1031496 NE

W

!

NE

W

!

3903 Isle Wy, Anacortes $125,000 Stunning lot in the desirable Isles development. Great location in Anacortes; minutes from downtown, restaurants, shops, library, the state ferries, and WA Park. All city amenities are at the lot. A preliminary rambler house design is available for the lot. The Isles offers a clubhouse for gathering, community maintained grounds and a one car garage space in the detached community garage.

Margi Houghton 360.202.0041 MLS# 1050955

!

3910 Isle Wy, Anacortes $175,000 Stunning view lot in the desirable Isles development.

Spectacular views of the San Juans, Guemes and Bellingham Channels, and sailboat races. Great location in Anacortes; minutes from downtown, restaurants, shops, library, the state ferries, and WA Park. All city amenities are at the lot.

A preliminary rambler house design is available for the lot. The Isles offers a clubhouse for gathering, community maintained grounds and a one car garage space in the detached community garage.

Margi Houghton 360.202.0041 MLS# 1050923 NE

1956 Thatcher Pass Rd, Decatur Island $110,000 258’ waterfront and almost 5 acres of beautiful trees and unspoiled wilderness. Option available for 1/2 interest in shared well and access easement. Property will need selective logging to capture the view potential from existing bldg. site. Sloped down to the water with a number of flat “benches” to choose from. Amazing price for waterfront property! Island is easily accessed by water taxi from Anacortes and has power and DSL available, beautiful beaches, hiking trails and 1-room school.

Sarah Jones 360.333.2783 MLS# 1031500

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!

184 Suquamish, La Conner $385,000 Outstanding view lot w/ 120 ft of waterfront & U-shaped dock has 2-80’ finger piers for mooring multiple boats. Possibility docks can be permitted to 100’. Shelter Bay is a delightful Marine Community in LaConner only 90 minutes to Seattle or Vancouver, BC. Level lot to build your dream home & plenty of room for your boat & that of your guests.

Underground utilities in place. Land is leased w/lease set thru 2044 & discussions ongoing for new 75 yr lease. www.shelterbay.net for amenities & info Collen Sargent 202.2155/ Debbie Macy 391.2422 MLS# 1052318 10989 Josh Green Ln #4, La Conner $750,000 Rare opportunity to own this one of a kind premier boathouse at the Gateway to the San Juans. Unique & impressive design, the interior well is 85 X 24 and can accommodate up to 92’ yacht or several smaller boats. Top of the line galvanized steel construction, concrete float design, private gangway access, remote control roll-up boat doors plus mezzanine level that can be finished into office. Located at the jumping off point to the best cruising waters in the US & Canada.

Debbie Macy 360.391.2422 MLS# 964734

Anacortes • 3018 Commercial Ave • Anacortes • (360) 293-8008

Bill Robillard

360-770-4707

Colleen Craig

360-770-9638

Gina Davis

360-708-7794

Joan Handelmann360-202-4800

Leigh Zwicker

360-333-9975

Rebecca Chamberlain 360-421-5021

Buzz Ely

360-202-4626

Colleen Sargent 360-202-2155

Jack Dixon

360-941-5000

John Prosser

360-202-3891

Linda Macy

360-708-8284

Rick Bennett

360-202-2630

Cynthia Aanestad360-610-0120

Jackie Stone

360-661-2247

Judy Moore

360-770-3515

Margi Houghton 360-202-0041

Rob Skelton

360-488-3776

Jeannine Reinig 360-724-8555

Kathy Rogers

360-941-4400

Nate Scott

360-708-2354

Sarah Jones

360-333-2783

ChristineCleland-McGrath360-708-0267

Debbie Macy

Vickie Cooley

206-949-1010

Cheryl Frazier

Donna Cunningham 770-335-7513

Jessica Notaro

Kristi Gabrielse 360-420-3119

Paul Weisz

360-391-7281

Caroline Baumann360-202-7327 Catherine Mers 360-982-6831 360-202-4789

November 18, 2016

360-391-2422

360-202-1441

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Quick Change Question:

We went to a lender – as you often suggest – and were pre-approved for a mortgage before looking for a house. The lender said we qualified for as much as $175,000 in financing. We then went looking for a property, made an offer, the offer was accepted and now the lender says we only qualify for $160,000. What happened?

Answer:

There’s a big difference between a pre-approval and a pre-qualification, but one thing they both have in common is that neither is a loan commitment.

In general terms a “pre-qualification” letter can be seen as an estimate of your financial capacity while a “pre-approval” letter reflects a more rigorous look at your credit, income, debts and assets where you actually have to show some basic documentation to the lender. However, there is no set definition for either term so what seems

like a “pre-qualification” letter from Lender Smith may be called a “pre-approval” letter by Lender Jones.

According to the Consumer Financial Protection Bureau (CFPB), “This letter helps you to make an offer on a home, because it gives the seller confidence that you will be able to get financing to buy their home. It is not a guaranteed loan offer.”

So why did your lender’s mortgage change?

Any number of reasons can arise that causes a lender to change their assessment of your finances. Here are a few that stick out.

First, your car died so you went and got a new one. Fair enough. However, the old car had been paid off while the new one is being financed.

That means you have a new monthly expense and therefore less ability to finance a mortgage.

Example: You have a household income of $8,000 per month. Up to 43 percent of your monthly income – $3,440 in this example – may be used for recurring debts such as credit cards, student loans, auto payments and housing costs. If the auto financing costs $485 – about the average new car payment in 2015 according to Experian – you now have 485 fewer dollars that can be used

Q& A

ASK OUR BROKER

By Peter G. Miller

for housing costs.

Second, a week after you were pre-approved your employer cuts overtime. When the lender again checks your income there is less of it so your ability to qualify is smaller.

Third, the lender said the qualification letter is good for 90 days. More than three months have passed since you spoke with the lender.

Fourth, your credit score falls as a result of the new car loan and a late credit card payment.

Fifth, mortgage rates go up.

So, unfortunately, a pre-approval or prequalification letter is not a loan commitment, it’s not a promise to lend a certain amount. It’s merely a way to suggest how much financing might be in the ballpark subject to various terms and conditions. If those terms and conditions change then all bets are off.

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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SKAGIT PUBLISHING

ads@skagitads.com

November 18, 2016

Trends for 2017 New real estate study outlines how the market will change in the next 12 months

T

he Urban Land Institute and professional services firm PricewaterhouseCoopers have released their 2017 study Emerging Trends in Real Estate.

The study takes a look at upcoming trends in the U.S. real estate market and is the result of interviews with more than 500 developers, lenders, builders and other insiders conducted by the two groups.

For the past seven decades, the U.S. real estate market has operated in cycles that averaged 58 months in length. By August 2016, the market’s current cycle has lasted 85 months, length unique in recent history. The market doesn’t seem to be cooling, either. That doesn’t mean that prices are headed for a crash, however.

Because building overall has been lower, the report offers hope that the current cycle will not end in a recession.

The report describes several markets around the country as particularly volatile, and predicts that many investors will turn to “optionality” as November 18, 2016

a strategy for ensuring or maximizing investment return. (Optionality, the report explains, means finding multiple values in a single investment. A multifamily tenant, for example, could use their investment as a living space, workspace or both.)

Another unique feature of this real estate market is a tight credit market. As a result, the report finds that smaller developers have found new ways to fit into the market. Among them are providing affordable housing, infilling older neighborhoods and building in smaller markets that the big builders overlook.

The construction labor market continues to face a serious labor shortage, and the report finds no reason that things will change anytime soon.

The authors predict that the real estate industry will find ways to market construction industry jobs

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to new college graduates as “steps on a career path.”

Because the federal government has done little to address the lack of affordable housing (a situation that isn’t likely to change in 2017 due to the recent election), local governments have stepped in. Cities like Chicago and Atlanta have used the zoning process encourage developers to develop below-market-rate housing in exchange for approval of more up-market projects. The study expects this trend to continue in the future.

Finally, the continued growth of internetconnected street lights, HVAC systems, parking meters and other infrastructure means that city planning organizations have more data than ever before on how cities are used. This is expected to change how cities are developed.

9

17714 KINgFISheR cove lANe, BIg lAKe

$950,000

1328 toledo St., Bellingham

Waterfront home with 75 ft of lake frontage with private dock! Custom Spanish Style home w/ sweeping staircase up to luxurious master suite.

Kitchen with granite and sub-zero refrigerator; radiant heat; skylights; vaulted ceilings; surround sound;

built

in

vac; rec room and bonus/storage room.

Fantastic views from choice of 3 decks!.

17031 BRItt Rd, MoUNt veRNoN

Danya Wolf Carla Fischer

Joan Boudreau

360-708-8294 360-982-0010

$329,000

360-391-0746

21227 FRANcIS Rd, MoUNt veRNoN

$239,000

604 NoRtheRN Ave. SedRo Woolley

$179,000

Danya Wolf Carla Fischer

360-708-8294 360-982-0010

5798 JeNNIFeR lANe, BoW

Celia Miller

360-982-0010 360-391-6065

310 N Reed St, SedRo-Woolley

$159,900

1510 S 6th St., MoUNt veRNoN

home on 5 plus acres. Newer hardwood floors and carpeting.

Sweeping land views. Garage with extra room. Gated community

Charming home with lots of potential, in need of some elbow grease and imagination; 4 beds/1.5 baths; extra-large and roomy kitchen has loads of cupboards and dining area, lovely brick fireplace, arched doorways, built ins; some original wood floors; sunroom; uniquely fenced yard. MLS #1040913

for

privacy

and

security.

Minutes to I-5.

MLS #1025330

Suzanne Jenkins

Carla Fischer

360-941-2983

360-982-0100

$224,000 63WIlloW lANe, MoUNt veRNoN 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.

Fully fenced backyard; deck off slider.

Suzanne Jenkins MLS #1047096 360-941-2983

Great building site and investment over 1 acre possibly 3+ duplex building lots R7 zoning. Close to town Elva Hunter and schools. Paved street. 360-202-3086 MLS #950851

$375,000 Large triple-wide manufactured

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 property. I-5 minutes away.

Watch for signage. MLS #1014931

Carla Fischer

$259,500 Horse haven! Air conditioning!

1 plus acre, fenced; small barn, 3 BR home w/ductless heater; country kitchen; new carpet in living room; hdwd floors; & linoleum. Remodeled BA w/ granite & tile. Double carport storage. Fruit trees! View of eagle’s nest; 1.2 acres less road.

Craftsman style home on 5 ac just outside of city limits.

Updates inside the home include new windows, insulation and sheetrock which has a base paint on it, next owner can choose their own colors. Watch the panoramic sunrise from the large country kitchen.

Property has raspberry, blackberry, apple and cherry tree. Back 3 ac are leased to a neighboring farmer. Old legacy building can be remodeled, extra concrete pad and extra septic for an RV. Close to I5, downtown, yet Donna Kurras 360-982-0100 on a quiet county road.

13813 StAte RoUte 9, MoUNt veRNoN (5 AcReS)

$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, stainlessappliances,dishwasher, range, refrigerator, washer and dryer stay with house. Gas fireplace, Oak floors, 2 large decks storage building at back of house.

MLS #1040211

$268,000 Permit-able for in home business.

Roomy, 1700 sq. ft. 3 bedroom, 1 3/4 bath 1 1/2 story home on spacious 1/3 acre lot in convenient location. Updated interior, country kitchen, charm of yesteryear.

Easy access to everything! Shopping, schools, bus line and medical. Zoned for possible in-home business.

Plenty of parking, including for RV. Nicely fenced back yard with fruit tree and other trees.

MLS #1008048 Danya Wolf

360-708-8294

3780 E. College Way, Mount Vernon

360.424.0300

www.skagittraditionrealty.com 12

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November 18, 2016