Real Estate Weekly | June 17, 2016

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

INSIDE RE-Weekly This Issue

KNOW BEFORE YOU OWE

P. 45

Q & A: ASK OUR BROKER

P. 8

HOME BUYING

P. 9

CLASSIFIEDS

P. 1011

FEATURE HOME: 416 N. 3RD STREET, LA CONNER Elizabeth Miller/ Windermere/Skagit Valley

RealEstate weekly

SEE PAGE 5 FOR MORE

$474,900 (360) 420-3607

A supplement to the Skagit Valley Herald and the Anacortes American

JUNE 17 - JUNE 23, 2016

Re-Weekly content sponsored by: Northwest Fine Furnishings

Lots of bar stools…

TABLE OF CONTENTS

PAGE

9

Know Before You Owe

P. 4-5

Q & A: Ask Our Broker

P. 8

Home Buying

P. 9

Classifieds

P. 10-11

Coat trees…

Sofa tables…

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Old Chinese scrub boards…

Mission bedroom furniture…

New items arrive every few days! (*ask about our Homeowner Special*)

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

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Territory NW

Go to our website for a quick and easy way to search all listings!

320 S Burlington Blvd • Burlington www.SkagitValleyRealEstate.com (360) 755-9494 • (800) 775-0153

ND LA NT A C VA

D CE DU RE

Mount Vernon $99,900 Two 1.12 acre fairly flat side by side parcels each sold separately. Views of Big Lake. Water & power at street.

Sewer or septic allowed. No CCR’s! MLS #909750 & MLS #909813 Call Ivana, 770-3550

ND LA NT A C VA

Sedro-Woolley $110,000/each 2-1 acre adjacent parcels for sale each at $110,000.

Incredible lake & mountain views. PUD water available. Soil work for septic complete. MLS #947454 & MLS #947407 Call Laura, 441-5099

G IN ND PE

Mount Vernon $152,000 Unobstructed South-Southwest views of Olympic Mtns, Skagit Bay & farmlands. East side borders Little Mtn. Park. Property ready for building permit. All utilities paid for & installed to building site. Approved 3 BR septic.

MLS #743621 Call Wilma, 661-1631

Mount Vernon $215,000 Owner contract ONLY. 10% down 5% int. Spacious 1484 SF rambler. 3 BR, 2 BA. Open floor plan w/living & family room areas. Master bedroom has private bath & walk-in closet. Kitchen w/newer appliances. Deck & fully fenced private backyard. 2 car garage. MLS #954405 Call Ron, 333-1045

AL NT RE

Concrete $249,900 Ready to get away from the rat race? 3 BR, 2 BA rambler.

Gas fireplace. Vaulted ceiling & unique details throughout.

Master suite with jetted tub, walk-in closet. Separate living & family rooms. Roomy 8/10ths of an acre is very quiet & private. 3 car attached garage. MLS #952990 Call Debbie, 708-8780

Wilma Louia Designated Broker/Owner 661-1631

2

Charlie & Jeannie Boon 708-9645

Jim Stransky 708-1681

Sedro-Woolley $275,000 4 BR, 2.5 BA. Excellent floor plan. Master BR features large 5-piece master bath w/jetted tub & walk-in closet.

Attached 2 car garage. Great yard for entertaining. Golf course and mountain views. See it soon! MLS #948860 Call Elizabeth, 708-8800

Kirk Campbell 770-7470

Ron Van Pelt 333-1045

Elizabeth Detillion 708-8800

Mount Vernon $439,950 Home in Lake McMurray community featuring 2 BR, 1 BA. Guest cottage with power. 300+ feet of waterfront secluded with dock. Views of mountain and lake wildlife.

MLS #949550 Call Wilma, 661-1631

Ivana Wood 770-3550

Mike Welling 540-1341

Debbie Benjamin 708-8780

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Mount Vernon $229,000 2 BR, 1.75 BA rambler. Located in quiet location. Easy commute; minutes from I-5. Outside cellar to store canned goods w/smoker. Maddox Creek runs through the property. Garage w/attached room could be 3rd BR or office. Apple trees & garden spots. MLS #859850 Call Wilma, 661-1631

Are you looking for a Property Manager?

Mount Vernon $850/month Charming Historical MV home renovated into 4 apartment units.1 BR, 1 BA. New flooring, blinds & paint. Off street parking. On-site coin operated washer/dryer. $850 security deposit plus $100 non-refundable re-keying fee.

Water, sewer, garbage paid. One-year lease required.

No pets.

Call Property Management, 755-5555

Corinne Cartwright 202-2397

Maggie deSouza 610-8413

Ayla Contois 610-1652

Jennifer Baker 220-1526

Call today at 360-755-5555!

Willa Gilquist 253-318-6131

Luara Kaestner 441-5099

Traci Erickson Property Manager 755-5555

June 17, 2016

FEATURE HOME FROM COVER: 416 N. 3RD STREET, LA CONNER

$474,900

Windermere Real Estate/Skagit 1030 E. College Way Mount Vernon, WA 360.424.4901 www.WindermereSkagit.com

Elizabeth Miller, 360-420-3607

Spectacular NW Chalet style home, custom built to perfection.

Spacious bright living with beautiful wood detailing floor to ceiling. Kitchen with island, built in fridge & loads of storage.

Dining area with built-in seating, gas FP & deck to enjoy your morning coffee. Main floor master with private entry to deck & .75 bath. Upper level office/ den, guest bed & .5 bath. Lower level living with kitchenette & 2 beds. Great for MIL or rental.

Superb outdoor covered patio & wonderful gardens. Quick stroll to town! MLS #947659

360.757.6013 800.869.7084

Brown McMillen Real Estate

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

OPEN HOUSE • SAT. JUNE 18TH, 12-3PM

10515 SAMISH ISLAND RD., BURL. HOSTED BY: SHELAH INMAN PRIVATE 1 ACRE SETTING..w/spacious home, shop, ALMOST NEW AGAIN..totally renovated older 3 COUNTRY CLUB RAMBLER ON 2ND FAIRWAY! Great SAMISH ISLAND…No Bank Waterfront! Gorgeous newer kitchen & wrap around porch. $585,000. Br.,home in convenient S. Mount Vernon location, ready fenced side yard, spacious backyard w/deck. 3 bed 1.75 location w/older fixer beach cabin built in 30’s. Includes #891540 for you to call it home. $249,500. #958748 bath, kitchen w/newer appliances. $329,000 MLS#954021 tidelands, enjoy crabbing & boating, MLS#945556 ATTENTION BUILDERS..two acres zoned R-2 ready to be developed. Potential for 8 or 9 lot subdivision with utilities in street. Convenient to town. $585,000. #772211

WELL DESIGNED..lg home in country on over 1 ac..

Floor plan features a country kitchen, mstr suite w/soaking tub & f/place, exercise rm overlooking lg yard & extensive deck. #917178 $485,000.

Jodi Dynes Yvonne Brown Galen Kindred Holly Hilts

June 17, 2016

333-7383 840-4375 770-7083 661-5538

FULL ACRE BLDG. LOT..nice view setting near Big Lake with several other new homes nearby. Has approved bldg. Permit & public water available. $127,900 #907256 ACRE VIEW LOT.. on Bayview Ridge..beautiful westerly views of farmland, islands & bay. Great neighborhood w/established homes,close to I-5. $349,000. #905050 GREAT STARTER..or rental, lot could support a Duplex.

1,056 SQFT. 3 bedroom. MLS# 956501 Price: $165,000 PRIMO MOUNT VERNON HOME..High quality home inside and out. 4 bed, 4.5 bath on large corner lot.

Beautiful landscaping w/pond. 3 car garage. MLS #924967 $535,000 2 FOR 1 special.. separate single story homes on one lot in Bulington. Great as rentals or some one wanting 2

Jeff Ingman Shelah Inman Kristen Tuttle Fritz Inman

202-2859 661-0145 708-8392 661-0147

homes at reasonable price. $175,000.

READY TO BUILD..31 Lots in Nookachamp Hills near Big Lake. Water, Sewer, Electric & Nat’l gas to each lot. Priced from $84,000-$145,000. # 746424 -#746695 LAKE CAVANAUGH..no bank waterfront, gorgeous views from charming home, beautiful wood floors, wood vaulted ceilings. Spacious kitchen, lg deck, outdoor frpl & your own dock. $725,000. #810568 READY TO BUILD..very nice full acre lot w/ water, driveway & 4 Br septic system installed. Already has approved bldg permit. $204,000. #890316 CHUCKANUT HOME.. on 4+ acres…1 bedroom, 2 bathroom rambler with cedar trees in a much desired area! $409,900. #946376

Tim Reichert Ron Wortham Mary Jo Reitsma Travis Lohman

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391-5587 661-1500 770-6013 661-4533

LARGE HOME.. Over 1800 SQFT in this 3 bed 2 bath manufactured home. Nice gardens + work shop.

MLS #956374 $159,000 HOME W/LARGE SSHOP.. Located in the heart of Burlington. Close to park & other amenities. Covered parking for 4 vehicles. $249,500 MLS # 954292 ROOM WITH A VIEW..4+ beds, 2.75 Ba., 3300+sf beauty w/wonderful views. Media room, many extras, located in Skagit Golf & Country Club. $$469,000. #951352 GREAT LOCATION!.. Remodeled, stylish 3 Br home.

Beautiful oak floors, vinyl windows,tile bath, cove ceilings,bonus rm, basement w/ shop space & next to park. #941536 $215,000

Terri Heyntsen Tod LeHecka Jan Scally David Parsons

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

3

‘Know Before You Owe’ 4 Ways New Rules Make Home-Buying Better for Consumers

B

ig changes to lending rules in the wake of the foreclosure crisis appear to be doing their job: making the cost and terms of mortgage loans and the home purchasing process much more clear to home buyers.

The legislation – TILA-RESPA Integrated Disclosure, or TRID – went into effect last October. Better known as “Know Before You Owe,” the new rules include a series of disclosure forms designed to make it more clear to consumers what they’re getting into with a loan.

Two new “Know Before You Owe” forms replace three old ones: the Good Faith Estimate, a HUD-1 Settlement Statement and a Truth in Lending disclosure. Instead, the new Loan Estimate and a Closing Disclosure form sum up every aspect of the mortgage transaction.

Buyers receive the Loan Estimate shortly after applying for a mortgage 4

and can use the document to shop and compare loans. The Closing Disclosure must be in the purchaser’s hands three business days before the loan and purchase close, allowing the customer time to ask questions.

The good news: a significantly higher percentage of homebuyers now actually read their loan documents prior to closing.

Some 92 percent of polled buyers now say they review their closing documents in advance of settlement. Just 74 percent did so before the simpler documents were available, according to a survey by the American Land Title Association.

Fears that the new rules would significantly delay closings appear to have been exaggerated.

A survey by San Diego technology and data company ClosingCorp also found homebuyers generally pleased

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with the new process. Some 68 percent said that the new forms “did a better job preparing them for the closing costs they would have to pay;” 63 percent said the new forms were easier to understand; 65 percent said costs and fees are now “explained better.”

Professionals who have worked closely with the documents and closings acknowledge “Know Before You Owe” has changed home buying for the better for buyers. Among the benefits:

1. MORE TRANSPARENCY Lenders are now solely liable for errors and incorrect fees, points out Daniel P. Hodin, attorney with Presidential Title, Bethesda, Maryland. “Lenders must provide final figures, rates and terms three days before closing, giving the consumer time to review, understand, compare and correct, if necessary.”

June 17, 2016

2. EASIER COST COMPARISONS The Loan Estimate form breaks out specific costs and rates, making it far easier for consumers to compare costs for third-party service providers, including the title company, inspector and property attorney. “This can save them money, often hundreds, and in some cases, thousands of dollars,” says Dave Petro, senior vice president for ClosingCorp.

Petro said more than half – 55 percent – of homebuyers polled by ClosingCorp. said they had saved money thanks to comparison shopping using the new form.

3. FEWER SURPRISES When customers understand the costs and fees they’ll face at closing they can budget for those costs in advance, Petro points out. And there’s less chance that revised prices make a sudden appearance. “The new rules severely limit the changed conditions that can increase fees from the time they are estimated until the closing,” he said.

4. SMOOTHER PROCESS The legislation nudged lenders and settlement services to automate estimating and closing processes in order to save time and money. “The industry has progressed technologically and professionally,” says Presidential Title’s Hodin.

Wayne Stanley, ALTA director of public affairs, believes it’s too early to fully gauge the success of “Know Before You Owe.” Some kinks still need to be worked out, he says, including the calculation for title insurance fees.

“Home buyers are taking more time to review their forms, which is important. However, we don’t know if consumer understanding of their transaction and the closing process is getting better,” says Stanley. “We will continue to test this.”

3728 S Bay Dr , Sedro-Woolley, WA 98284 4 Beds • 1.5 Baths • 2,123 Sq ft • Lot Size (Acreage): 0.53

$950,000

Like new home on flat lot w/Zero bank waterfront. 95 ft of lake front w/ a nice dock. Awesome sun exposure, deluxe open area. Home is upgraded from foundation up. Picture windows looking onto the lake and mountain view. Big open living room, main floor bedrooms & extra living areas. Large upgraded kitchen. Multiple decks, yard space and stationary/floating dock. A must see to truly understand the beauty, quality and privacy. A one of a kind built to last.

9598 Avon Allen Rd , Bow, WA 98232 $549,000 4 Beds • 2.25 Baths • 4,928 Sq ft • Lot Size (Acreage): 6.10

6.1 total acres w/a one level home, ranch style, 80 x 50 barn, 20 x 24 shop building with car lift, 2 wells for irrigation and addl PUD hookup. Home is a custom design 4 bedroom 2.5 bath. Kitchen is fantastic, appliances are top of the line, cook top and double ovens w/large hood, pantry walk-in and big eating area. Dining room, family room, large living room, master bedroom bath has access to hot tub on deck. Adjacent parcel of 2.33 Acres included in sale.

Rick D. Moore • (360) 201-8341 • RickMoore@nwhomes.net • RickMoore.com June 17, 2016

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5

www.WindermereSkagit.com RESIDENTIAL 9043 Oak Lane, SW $90,000 Nice solid manufactured home in Pressentin Creek on a large lot. This 3 bedroom 2 bath home features a nice sized kitchen, dining room & breakfast nook, living room with fireplace, den/family room, & nice sized carport.

Call Karine Anderson, 421-1189 or Tasha Zahlis, 391-5075 MLS#927187

N

1066 Vail Lane, Burl $308,000 Great layout with 2 master suites. Centrally located & close to major stores, but in a quiet neighborhood on a dead-end street. 3 beds, 2 full baths, 1704 SF. Beautiful landscaping & serene outdoor seating area with deck/patio.

Call Becky Elde, 770-9427 MLS#957070

W NE

NE

1553 E. Division St, MV $139,500 Recently updated townhouse condo, this end unit features updated kitchen, bathrooms, windows & extra insulation. Slider leads to a nice patio.

Designated parking space right next to the unit.

Convenient Mt Vernon Hill location. HOA pays water, sewer, garbage, insurance & lawn maintenance.

Call Sarah Minton, 770-3076 MLS#958455

1123 Curtis St, Burlington $219,900 Freshly remodeled & move in ready including all appliances. Home is situated on an oversized lot with great yard & room to garden, park an RV or boat. Inside the 4 bedroom home you will find beautifully refinished original hardwood floors thru out, spacious great room, renovated eat in kitchen & lots of storage. SkagitValleyHomes.com.

Bill & Jannette Krieger 421-4446/Shawn & Tiffany Danley 360-298-4857 MLS#945920

300 N. Oak St, Burl $299,900 Turn of the century home offering beautiful millwork & character. Free standing gas stove, formal dining & living rooms. Lg. master suite. Wrap around deck, outbuilding & garage. Exterior access for large attached office w/ kitchen & bath. Great location.

Call Linda Eastman, 202-4075 MLS#865119

17409 Olympic Place, MV $1,190,000 Over 2.5 acres adjacent to Little Mountain Park for unparalleled privacy. Completely remodeled 4710 SF home w/attached MIL unit. Expansive views—pool, chef’s kitchen, & much more.

Call Jim Glackin, 428-2828 MLS#928978

W NE

EW

W

21272 Sherman Lane, MV $329,900 Private home on over an acre, in a country setting yet minutes to town. Nearly 3300 SF, & 5 bedrooms.

Big open kitchen with bar & tile counters. Beautiful mature trees surround the property creating a parklike setting. 2 fireplaces, a huge bonus room, nice 2 car carport/shop area. SkagitValleyHomes.com.

Bill & Jannette Krieger 421-4446/Shawn & Tiffany Danley 360-298-4857 MLS#957318 W NE

OPEN HOUSE SATURDAY JUNE 18TH, 12-3 22391 Summerleaf Lane. SW $360,000 Rare listing in Cedar Creek, a secluded and secure gated community. 3 bed, 2.5 bath home is situated on 1 full acre, located on a dead end lane. Beautiful, expansive, cement patio with raised planter border, is an entertainers dream. Garden area, lush grass, trees, flowers, surround the house & the 24’x 32’x 10’ pole barn outbuilding.

Call Bette Thompson, 840-5109 MLS#948594

1057 Chestnut Loop, MV $395,000 Montreaux 55+ Community. This beautiful home offers tons of upgrades. Spacious bright design w/ huge living area. Entertainment kitchen offers custom cabinets, loads of storage, granite, oversized island; open to dining & great-room w/gas FP. Luxurious Master w/5pc bath. Covered patio & fenced yard.

Call Elizabeth Miller, 420-3607 or Travis Miller, 420-7291 MLS#956698 416 N. 3rd St, La Conner $474,900 Spectacular NW Chalet style home. Spacious bright living w/beautiful wood detailing. Kitchen w/island, built in fridge & loads of storage. Dining area w/ built-in seating, gas FP & deck. Main floor master w/private entry to deck & 3/4 bath. Upper level office/den, guest bed & .5 bath. Lower level living w/kitchenette & 2 beds. Superb outdoor covered patio & wonderful gardens.

Call Elizabeth Miller, 420-3607 or Travis Miller, 420-7291 MLS#947659 16582 Donnelly Rd, MV $624,900 Sprawling near 20 acre farm! Over 5 irrigated acres planted in numerous species of nut trees.

15 acres of prime AG farmland. 3 bed farmhouse w/ main floor master, filled w/ natural light, sun room, wrap-around porch, & bonus rm. Huge shop w/rm for RV/boat. Private fishing pond & hobby shack, greenhouse & more. More info at SkagitValleyHomes.com.

Bill & Jannette Krieger 421-4446/Shawn & Tiffany Danley 360-298-4857 MLS#931869 14394 Roadrunner Lane, Burl $712,000 Gorgeous 4 bedroom home offering a lavish master suite with a gas fireplace, formal dining, living & great rooms. Designer kit w/slab granite, s/s appliances, double ovens, & bar. Soaring ceilings, hardwood floors, bonus room. Over 3,340 SF situated at the end of a cul de sac on 1.25 acres, 3 car garage, & detached heated RV gar.

Call Linda Eastman, 202-4075 MLS#912513

VACANT LAND 6877 Gibralter Dr, ANA $92,500 Wonderful building lot in desirable Gibralter area with filtered water views. Land has been cleared & the building permits have been obtained. The seller has completed a lot certification, septic design for a 3 bedroom home.

Call Sarah Minton, 770-3076 MLS#954101 18399 Majestic Ridge Ln, MV $165,000 Fantastic views of Big Lake on this acre plus parcel. Easy to build on as it has a paved street to the property line, water, sewer, & electricity in the street. CC&R’s require at least 2000 sq. ft home be built on this lot.

Call Becky Elde, 770-9427 MLS#921182 17958 Best Road, MV $269,000 Beautiful view acreage overlooking the Skagit Valley tulip fields, farm land and mountains. Over 4.5 acres of gentle sloping pasture land with mature trees to the back of the property. Completed soil logs and lot certification, power, water and cable available at the road. Call Linda Eastman, 202-4075 MLS#924806 Cascade View Drive, MV $350,000 One of a kind lot in Cascade Ridge! Ready for you to build your dream home, this 1 acre lot is fully cleared with utilities in street. Located in Conway School District & just minutes from I-5. Picturesque views overlooking Skagit Valley, Olympic Mountains, tulip fields, & San Juan Islands.

Call Shelby Hagman, 982-0163 MLS#869807

Looking for hom

For a free pr WA-CL 713524, OR-ML 5271

Amie Mani | NMLS ID # 404665 | branch manager/M

Windermere Real Estate/Skagit Valley • 1030 East College Way • Mount Vernon • (360) 424-4901 • 1-800-849-7939

April Axthelm Balisa Koetje Becky Elde Bette Thompson Bill Krieger Cory Keihn Dave Patterson

6

360-661-4947 360-421-4111 360-770-9427 360-840-5109 360-421-4446 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 Jannette Krieger 360-708-0233

Jim Glackin Jim Koetje Karen Beckner Karen Peirolo Karine Anderson Leah Hines Linda Eastman

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360-428-2828 360-202-2500 360-840-9455 360-503-7196 360-421-1189 360-428-3012 360-202-4075

Megan O’Bryan Nathan Loeb Rita Ingram Sarah Minton Shawn Danley Shelby Hagman Sherry Johansen

Amie M Download my smartph

360-708-5817 360-333-7197 360-708-8338 360-770-3076 360-488-3858 360-982-0163 360-708-3636

Spencer Roozen Tahlia Honea Tasha Zahlis Tiffany Danley Travis Miller Warren Bingham

360-708-0634 360-333-5815 360-391-5075 360-298-4857 360-420-7291 360-770-2421

June 17, 2016

www.AnacortesRealEstate.com

W NE

W NE

14203 Cove Ct, Anacortes $799,999 Beautiful 2 story Seaview home on over half an acre w/partial views of the water. 3 bedroom, 2-1/2 bath.

Formal entry to living room, adjacent to library/ office; dining room, lovely stairway to 2nd level.

Kitchen with island & granite counters, open to family room with fireplace, access to patio. Sunny eating area off kitchen has door to backyard & greenhouse. Master suite w/sitting room & fireplace; great bath. 3-car garage; expansive lawn & foliage.

Bill Robillard 360.770.4707 MLS# 956209 W NE

7327 Holiday Blvd, Guemes Isl $875,000 Breathtaking views from this over 3000 sq ft waterfront home, situated on 3.5 acres with a path to a tranquil sandy cove with 100’ waterfront.

Spectacular views of Dot, Huckleberry, Saddlebag Islands, unobstructed views of Mt Baker & Cascades.

Resort like setting that includes two main floor master suites, enticing sauna, 3 car oversized garage with workshop, lighted sports court, outdoor fire pit with a view, fruit trees, propane stove in kitchen and propane to deck for BBQ. Margi Houghton 202.0041 | Kathy Rogers 941-4400 MLS# 953328

me financing? I’m here to help!

re-approval, please contact:

Mani • 360.428.4626 hone app at: amie.mortgagemapp.com

Mortgage Consultant | WMS Series LLC/Skagit Valley

306 E. Morris St, La Conner $339,000 Great business opportunity with great exposure on Morris Street in downtown La Conner. Storefront is currently a coffee shop and consignment store.

In back of the business is a studio apartment.

Behind the commercial building is a 4 bedroom Victorian home with plenty of charm, currently used as a rental. Bring your imagination and build the business of your dreams!

Rebecca Chamberlain 360.421.5021 MLS# 944556 2102 Pennsylvania Ct, Anacortes $529,000 New, quality, main level living construction by Don King. Beautiful upgraded finishes throughout.

Vaulted ceilings for an open & dramatic feel. Chefs kitchen featuring granite, maple cabinets, stainless appliances & under cabinet lighting. Main level includes master, den/bedroom, another bedroom.

Lower level has 2 additional bedrooms, full bath, lrg game room/home theater & lots of storage.

Craftsman style exterior with front porch, rear deck, fully fenced & landscaped. 2 Car garage w/windows.

Leigh Zwicker 360.333.9975 MLS# 913930 17835 Dunbar Rd, Mount Vernon $389,000 Excellent triplex located in a rural area of Mount Vernon. All units offer spacious floor plans with separate entries and great ambient light. Two of the three units have been remodeled including faux finish paint, laminate flooring, custom cabinetry and tile work. The expansive front and back yards offer mature landscaping adding privacy and beauty to the surrounding environment. Great investment opportunity and well maintained. Each unit offers 2 bedrooms, 1 bath, and 1 car garage.

Rob Skelton 360.488.3776 MLS# 849591 5340 Beechnut Tree Ln, Guemes Isl $898,000 Rare 1.61 acre, no bank walk out waterfront lot with 107 ft of sandy beach. Totally remodeled in 2005, charming 2432 SF beach home. Kitchen has granite counters. Elegant living room has fireplace & a wall of windows. French doors give access to a den.

Lower level has family room, guest bonus room, 1BA. Enjoy entertaining on the deck. Large detached 4 car garage/shop w/1BD, 1BA apt. Past rent $795/mo.

2nd detached 2 car garage w/storage. SF from county records, buyer to verify.

Margi Houghton 360.202.0041 MLS# 911415

519 Talbott St, La Conner $549,000 An entrant in Fine Homebuilding Magazine design contest, this unique custom residence is thoughtfully & artistically designed & brimming with old world charm…from the romantic, intimate spaces, with surprises of whimsy in the main & guest houses to the lush gardens & spacious shop. The spaces truly create a magical environment that delights all the senses!

Attention to detail throughout the home presents true European Cultural feel with regard to style, colors, materials & quality craftsmanship.

Leigh Zwicker 360.333.9975 MLS# 915565 18328 Capet Zalsiluce Rd, La Conner $189,900 Don’t just imagine life on the beach, live it! This darling 3 bedroom cabin lives large with expansive views of Skagit Bay, Whidbey Island and the Olympic Mountains. Large deck, great for entertaining with stairs to the beach to enjoy the beautiful scenery. Just minutes to the darling towns of La Conner or Anacortes. Great for full time living or use as a vacation rental.

Leased Land.

Rebecca Chamberlain 360.421.5021 MLS# 918156 3401 F Ave, Anacortes $357,900 Lovely mature gardens surround this well situated home in desirable Horizon Heights neighborhood. Enjoy a well-appointed kitchen that is open to dining room with fireplace connecting to living room with vaulted ceiling.

Four bedroom (one used as office) home on large lot with fenced backyard, large trex deck & garden shed. Great outdoor living with a good measure of privacy. Close to schools, parks and easy commute.

Jackie Stone 360.661.2247 MLS# 923224 1600 5th St #D-133, Anacortes $78,000 The best kept secret in Anacortes! A picturesque marina tucked into the Old Town neighborhood.

40’ X 15’ width, with a 5’7” Stick out allowed, slip with power & dock box. Marina amenities; tender storage area, small boat moorage, head pump out cart, wood shop, recycling for oil, fuel & anti freeze, laundry room, restrooms with showers, crab cooking station, a social area with BBQ’s.

Full parameter fence, electronic gate for security & harbormaster lives on site. Live aboard allowed for owners.

Kathy Rogers 360.941.4400 MLS# 852617

VACANT LAND Seaview Wy, Anacortes $160,000 Build Your view dream home in desirable Seaview.

Extra large lot with plan available for daylight basement home. Lot is cleared and ready to build.

Views of the San Juans and beyond. lot is part of Del Mar Community water & Association, which has boat moorage and access to 2 community beaches.

Leigh Zwicker 360.333.9975 MLS# 604279 207 Mansfield Ct, Anacortes $75,000 Spectacular views abound from this 7,500 Sqft building site, this lot is perched just above the treasure Tommy Thompson with access to the waterfront trail just across the street. Enjoy ease of access to all that downtown Anacortes has to offer. All utilities in street.

Colleen Craig 360.770.9638 MLS# 788315 4219 Cedarcrest Ln, Anacortes $750,000 Spectacular, panoramic, western views of the Olympic Mtns, San Juan Islands & Burrows Bay from this 10 acre gated property. An unbelievable opportunity awaits to create your ultimate retreat.

Underground utilities at the lot for water & power.

Del Mar private beach access & day use privileges of the community dock included. This area is zoned for 10-acre minimum parcels creating a serene natural setting with rocky knolls, natural meadows & conifers. 90 min. to Seattle and 45 min to Bellingham.

Margi Houghton 360.202.0041 MLS# 770482 Lot 1 Kingsway, Anacortes $150,000 This southwest, gently sloping, corner lot is in the desirable Skyline neighborhood. All Anacortes city utilities are in the street. Great location near Washington Park and the Skyline Marina. All Skyline amenities which include: clubhouse, beach cabana, Tug Boat Park (beach access), tennis courts and playground.

Margi Houghton 360.202.0041 MLS# 773150

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2517 Oregon Ave, Anacortes $275,000 Spectacular sunsets and broad west/northwesterly views from this Rock Ridge lot. Enjoy long summer days and sunsets on this dead end street bordered

by Anacortes Community Forestlands to the south.

This beautiful lot has all utilities available.

Debbie Macy 360.391.2422 MLS# 959835

Windermere Real Estate/Anacortes Properties • 3018 Commercial Ave • Anacortes • (360) 293-8008 • (800) 327-5291 Bill Robillard 360-770-4707 Buzz Ely 360-202-4626 Caroline Baumann 360-202-7327 Catherine Mers 360-982-6831 Christine Cleland-McGrath 360-708-0267 Cheryl Frazier 360-202-4789

June 17, 2016

Colleen Craig Colleen Sargent Cynthia Aanestad Debbie Macy Gina Davis Jack Dixon

360-770-9638 360-202-2155 360-610-0120 360-391-2422 360-708-7794 360-941-5000

Jackie Stone Jessica Notaro Joan Handelmann John Prosser Judy Moore Kathy Rogers

360-661-2247 360-202-1441 360-202-4800 360-202-3891 360-770-3515 360-941-4400

Kristi Gabrielse Leigh Zwicker Linda Macy Lindi Kudlacek Margi Houghton

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360-420-3119 360-333-9975 360-708-8284 713-822-9203 360-202-0041

Nate Scott Paul Weisz Rebecca Chamberlain Rick Bennett

360-708-2354 360-391-7281 360-421-5021 360-202-2630

Rob Skelton Sarah Jones Vicki Cooley

360-488-3776 360-333-2783 206-949-1010

7

Investor Misses Foreclosures Question: We’re interested in buying foreclosures but there are now fewer of them. Just how bad is the foreclosure shortage?

Answer: A foreclosure shortage is something to welcome!

There’s nothing bad about it.

Reduced foreclosure numbers mean fewer people are losing their homes and lender losses are smaller.

Fewer foreclosures mean less risk in the marketplace.

Fewer foreclosures also mean that investors are more willing to fund real estate loans, one reason we’re seeing lower mortgage rates.

According to the Mortgage Bankers Association, the foreclosure start rate for the first quarter of 2016 stood at 0.35 percent. That’s 10 basis points lower than last

8

year and the lowest point since mid 2000.

The national delinquency rate (loans 30 or more days past due but not in foreclosure) fell 8 percent in March, to the lowest point since March 2007. And at just under 2 percent, the rate of 30-day delinquencies is at the lowest level in more than 15 years, according to Black Knight Financial Services.

Since there are fewer delinquencies, fewer homes are moving toward foreclosure. Even when loans become delinquent the odds of foreclosure are small. The borrower typically brings the loan current or the lender and borrower work out some arrangement to avoid the courthouse steps and losses for everyone.

The result: real estate owned by lenders (REOs) fell from 861,664 units in 2008 to 449,900 units in 2015 according to RealtyTrac.com.

However, the foreclosure and delinquency figures do not tell the whole story. The most important part – the hidden part – is that most of the foreclosures we see today are related to mortgages originated before 2008.

Last August, the MBA reported that 73 percent of the mortgages that were seriously delinquent had been originated prior to 2008. By November older, “legacy” loans represented 80 percent of all problem mortgages, according to the MBA. Fewer and fewer foreclosures are

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related to new loans, a trend that suggests the REO total will continue to fall.

The National Association of Realtors said that in March the total unsold housing inventory amounted to 1.98 million homes, down a touch from the 2.01 million units available a year earlier.

For investors, however, the most attractive slice of unsold inventory is shrinking.

“Home values are rising the fastest among entry-level homes in more than half of the largest U.S. housing markets,” said Zillow. “Rising home values in this segment of the market can be attributed to a lack of supply, with 10 percent fewer homes for sale this year compared to last.”

The declining REO supply means investors will need to widen their search for potential acquisitions by looking for short sales and attending auctions.

It’s not that distressed properties aren’t out there, it’s just that more digging is required to find them.

June 17, 2016

Home Buying Student Debt Just One Piece of the Puzzle for First-Time Home Buyers

N

o doubt you’ve heard: student debt is clouding the future of college graduates, derailing hopes they will one day own a home. That forecast doesn’t hold up, according to a report from the Brookings Institution.

Drawing on Federal Reserve data from 2003 to 2012, the report finds that graduates who had borrowed for college do have a slower start to home buying than those who went to college debt-free. However, by the time both groups of graduates enter their mid-thirties, they have similar rates of home ownership.

“The typical undergraduate borrower with a Bachelor of Arts degree has a debt of $30,000 and owes $350 a month,” reports Dynarski. The significantly higher earnings college grads can expect offset the burden of student debt, she notes.

It’s the total amount of student debt measured against earnings that determines whether grads will later be in a position to buy, agrees Mark Kantrowitz, publisher at the college scholarship site Cappex.com.

June 17, 2016

If total student debt exceeds annual income, he says, incomedriven repayment plans that stretch payback beyond the usual ten years are often necessary. If the borrower’s income rises, payments revert back to the ten-year term.

Since new rules make it more difficult for students to get credit cards, many recent grads don’t have any other debt than a student loan. If they make timely payments, they build a good credit score, putting them in a position to buy later, says Adam Levin, co-founder of Credit.com.

A mortgage applicant who is still paying off student loans can still be approved, notes Neil Caron of Freedom Mortgage.

As long as the monthly payment on the new mortgage and monthly student loan bill and any other regular monthly debt don’t exceed a certain threshold of total income, often about 36 percent, the loan can be approved.

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CLASSIFIEDS Live Where You Play!

1 - 4 Bdrm Rentals.

Piazza Realty Property Mgmt., Inc. 360-424-RENT

OPEN HOUSE June 18th , Sat. 1pm-4pm

Open House Sat. 6/18, 1pm-4pm

(7368) www.prpmrentals.com

BUILDINGS, INC. 2 bdrm, 1 bath. W/S/G. No smoke. $700/mo.

1st /last/dep. 360-445-6318.

Mobile Home for Sale

Mobile home for sale in a 55+ mobile home park.

Needs work. $2,500.00 OBO. Call Jack 360-4243775 for info.

CONDO IN CEDARS 55+ 2 bedrooms, 1 3/4 baths, 1023 square feet on one level, open floor plan, split bedroom layout for guest privacy, both bathrooms newly remodeled, new fridge and hot water tank, new composite decking on 1/2 covered back porch, attached 2 car garage. Homeowners dues includes all exterior maintenance and yard care, cable TV, use of clubhouse. RV parking available.

1180 Fidalgo Drive, Burlington.

For Sale by Owner: $230,000.

360-202-1600 call or text

Eaglemont is a championship quality public course, and this house just a short hop in the golf cart from the club house. You'll appreciate all the attention to detail this house offers., with 3,692sf, 4 beds, 3.5 baths, formal and casual living spaces, and a generous .43 acre lot. Don't miss the second stairwell to the bonus room and additional living quarters. www.EaglemontCharmer.com

Call today. Tami Tuck, Windermere 425-231-7610.

10467 Wallen Rd, Bow, WA, $720,000 Welcome to this seaside home on the beautiful N. Side of Samish Island.

Property includes tideland rights! 2,894 sq.ft. w/4 bdrms, 2 baths, kitchen/great room.

French doors open to decks for entertaining & enjoying unobstructed views of Samish Bay, Islands & mountains! Daylight rec room.

MLS #954527 Shown by Appt.

Coldwell Banker Bain Julie Cooper 360-391-0992

TRUSTED LOCAL Construction Roofing Gutters www.spane.com

800-310-2136

Lic#SPANEBI141JD

414 Columbine Ct. La Conner, $335,000 MLS #933139 Great home in Hilltop Haven. 3 Beds, 2.25 Baths, high ceilings, gas cook stove, gas forced air heat, gas H2O, and 2car garage. Master bedroom has bath off master, walk in closet, and private deck. Large lot with fenced back yard and located in a cul-desac. You have to see this one and the VIEW! Laura Bird RE/MAX Valley Homes 360-630-9692

Looking to buy or rent rambler style home, 2-3 Bdrm, 2 Ba, garage, family room and/or bonus room for pool table.

360-610-5355 or 702-370-4129

WANT TO BUY water front cabin in Lower Skagit or Snohomish County.

Call 360-652-6406 or email danerlendson@gmail.com

10 - June 17, 2016

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Anyway You Like it

WE DELIVER Print + Online + eEdition If you need assistance accessing the online or eEdition, call 1.800.683.3300

Online + eEdition (digital replica of newspaper) access is available at NO EXTRA COST to Skagit Valley Herald Subscribers.

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June 17, 2016 - 11

22390 MCMURRAY SHORE DRIVE, LAKE MCMURRAY

$1,385,000 18238 CAPET ZALSILUCE RD, LACONNER RARE LAKEFRONT ESTATE. Pacific NW gem in gated community on shores of Lk McMurray,a treasure on 5+ac w/ rare 360 ft waterfront offers privacy&serenity! Captivating views enhance the RESORT appeal of this energy efficient contemporary Craftsman.Architectural details include soaring ceilings,23 ft stone fireplace, in/outdoor surround sound etc.Dramatic lighting, angles & spaces are hallmarks of this aesthetic 2 story estate.1100 sf garage/shop.Swim,kayak & fish from private dock in parklike setting. MLS#944409

$320,000

Spectacular views! This unique home offers; 2 beds/1.75 baths; skylights; vaulted ceilings; incredible mural in living room by local artist; Beautiful jetted tub in Master; kitchen has gas SS range; tankless hot water; deck; cozy yard with firepit and stairs to the beach and a picnic area. Danya Wolf 360-708-8294 MLS # 937270

1906 E HIGHLAND, MOUNT VERNON

$238,000 1009 CHIPPEWA ST, MOUNT VERNON

$379,000

!

ICE

Celia Miller 360-391-6065

Nicely constructed home with many added features. Living room offers masonry fireplace. Country style kitchen. Wonderfully natural, peaceful fenced yard with covered patio and separate buildings. RV parking. Home and property is not Danya Wolf ready for photos. MLS#942734 360-708-8294

360 Feet of Lakefront

1030 TINAS COMA DRIVE, BURL HILL

Danya Wolf 360-708-8294

$98,000 3004 BARRELL SPRINGS RD, BOW

Mostly level 9.5 approx. acres with easy access Suzanne Jenkins Carla Fischer to I-5. Drilled well 360.941.2983 360-982-0010 needed. Sewer hookup to be approved by county with approximately a $9600 hookup fee. MLS#918467

PR

Beautiful 2250 sq ft , 3+ bed/3 bath home in desirable location on the hill in Mount Vernon.

Home offers spacious open main floor living with French doors to large covered deck. Upstairs bath features jetted tub. Stunning kitchen with SS appliances and granite countertops! Large famiily room and a den. New furnace in November 2015.Fenced, treed and landscaped 3/10 acre lot. Features 2 car garage and paved gated RV/ Danya Wolf 360-708-8294 Boat parking. MLS#940146

$109,900 4004 APACHE DRIVE, MOUNT VERNON

Awe inspiring views are yours to behold when you build your DREAM Home at top of Burlington Hill! Live the “high life� while still enjoying city amenities and convenience! Within excellent Burlington School district; close to shopping and I-5 for easy commuting. All utilities available at street: power, water, sewer and natural gas. Complete plans for this beautiful home are negotiable .MLS#909681

VIEW! VIEW! VIEW!

OLD HIGHWAY 99 N, ALGER

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NE

$167,000 310 N REED ST, SEDRO-WOOLLEY

IC

W NE

PR

Welcome home! Impeccably maintained, privately situated view home located on edge of cul de sac with extra parking. Slightly formal yet warm and inviting home offers valley view plus view of Mount Baker; tiled entry; lots of natural light, multitude of kitchen cabinetry;granite counter tops;hardwood floors,pull out pantry;tremendous storage space; office/computer/family room/den offers fabulous views plus small loft; spacious Danya Wolf master suite w/vanity and walk-in closet; generous deck;covered patio. MLS#906466 360-708-8294

$169,000 1802 BAKERVIEW CT, MOUNT VERNON

Beautiful 15.5 acres in Bow! 3 possible bldg sites, 2 w/road access. Property has been replanted & offers seclusion w/ southwesterly exposure. Well is in, just Great building site and investment needs power & pump. Perfect over 1 acre possibly 3+ duplex property to build your custom building lots R7 zoning. Close to home or put a manufactured town and schools. Paved street.

Elva Hunter Donna Kurras home on. MLS# 794546 MLS#950851 360-202-3086 360-770-7596

$319,900

E!

$122,000

Attractive, large lot in beautiful Eaglemont Golf Course community, close to 20,000+ SF clubhouse with views and full service dining , fitness facilities. Enjoy peaceful Eaglemont with great amenities 18 hole Golf Course with spectaluar views of Mount Baker!

Open space, walking trails, city parks. All city utilities on the lot. MLS#475295 Elva Hunter 360-202-3086

3780 E. College Way, Mount Vernon

360.424.0300

www.skagittraditionrealty.com 12

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June 17, 2016