Queen Anne Real Estate - August 2017

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AUGUST 9, 2017

After Your Purchase

You found the right home, made your offer and it are unsatisfied mortgages, forged signatures or has been accepted and signed-around. You are now false deed, or a previous owner’s heir now claiming at Mutual Acceptance—congratulations! ownership of the property. A title search usually So what can you expect now that uncovers most issues. But even a you are under contract? If you are thorough search may not uncover all getting a loan, then typically you have issues, hence having title insurance. 30 days before the home closes. There Escrow is opened on the are a number of steps you can expect transaction—Escrow is an impartial between when you make the offer and third party process in which when you get the keys. Here are the documents and funds are deposited main steps taken by the title company, by buyers (down-payment), sellers Escrow Company, your lender, and and lenders to facilitate the closing YOU: Stewart Karstens for a real estate transaction. Escrow Title is opened, Title Insurance is required to follow mutual written and title search—a title insurance instructions from all parties. Escrow WINDERMERE REAL ESTATE policy (paid by Seller) is set-up for will coordinate with you (buyer), the new owner(s). It insures the seller and lenders to obtain required owner or others having an interest in the property signatures on all documents. Escrow works against loss due to encumbrance, defective title or ➧ AFTER YOUR PURCHASE, Page R2 adverse claims against the title. A few examples

Magnolia Residential Address 3222 21st Ave W #B 3022 31st Ave W. #B 4216 27th Ave W. 3417 39th Ave W. 3430 36th Ave W. 4043 34th Ave W. 3425 37th Ave W. 2846 23rd Ave W. 4351 31st Ave W 2605 D 22nd Ave W. 2605 E 22nd Ave W. 2605 A 22nd Ave W. 2310 W. Dravus St. 2605 B 22nd Ave W. 2605 C 22nd Ave W. 2601 W. Blaine St. 4457 Brygger Dr. W. 2828 35th Ave W. 3611 22nd Ave W, #A 2812 35th Ave W. 4437 35th Ave W. 3835 33rd Ave W. 3405 21st Ave W. 2574 27th Ave W. 2608 37th Ave W. 3553 W. Raye St. 2812 23rd Ave W. 3636 41st Ave W. 1956 Edgemont Place W. 2908 26th Ave W. 3412 24th Ave W. 2833 27th Ave W. 3606 Arapahoe Place W. 3424 Arapahoe Place W. 2605 W. Armour St. 2445 Magnolia Blvd W. 2520 42nd Ave W. 4724 W. Ruffner St. 2556 27th Ave W. 4210 Washington Ave W. 4218 Washinigton Ave W. 4520 W. Armour St.

Bed

Bath

3 2 2 3 3 4 2 3 3 3 3 3 3 3 3 3 2 2 3 2 3 3 3 3 3 3 3 4 4 4 4 3 3 5 4 3 5 5 3 4 4 5

2 1 1 2 1 2.5 1 1.75 2 2.5 2.5 2 2.5 2.5 2.5 2 1.75 1.75 2.5 1 2.75 1 2.25 1.75 2.5 1.75 1.75 2 1.75 3.25 2.75 2.25 2.5 2.75 2.5 2.75 3.25 3.5 3.5 3.25 3.5 3

Sq Ft 1165 870 1720 1840 940 2326 1560 1712 1505 1707 1707 1707 1671 1707 1707 1900 1870 1620 1750 1221 2090 1050 1735 1980 2498 2040 2360 3040 4160 2740 1960 2080 2602 2929 3000 3200 4560 3560 4185 4088 4270

Built

Days on Mkt

Asking Price

Sold Price

Sold Price/ Asking Price

2000 1945 1950 1964 1943 1945 1943 1907 1992 2017 2017 2017 2001 2017 2017 1959 1999 1942 2002 1942 1938 1943 2017 1942 1939 1942 1952 1939 1940 1985 1961 1955 1953 1950 1955 1928 1958 2011 2008 1900 1904 1937

17 19 7 10 9 12 5 6 6 27 4 2 7 0 0 95 8 4 6 9 22 15 5 8 6 7 8 11 4 6 12 11 7 19 2 47 7 26 3 79 129 84

$499,950 $509,950 $599,500 $625,000 $530,000 $600,000 $675,000 $725,000 $699,950 $739,950 $729,950 $734,950 $650,000 $749,950 $749,950 $780,000 $685,000 $674,206 $709,000 $675,000 $869,950 $849,500 $859,000 $875,000 $849,757 $879,000 $848,000 $950,206 $889,000 $1,075,000 $949,950 $895,000 $949,000 $1,225,000 $1,395,000 $1,748,000 $1,780,000 $2,050,000 $1,860,000 $1,999,000 $1,999,000 $2,125,000

$495,950 $509,950 $607,500 $625,000 $632,000 $635,000 $675,000 $695,000 $699,950 $725,000 $729,950 $735,000 $748,500 $749,950 $749,950 $750,000 $750,000 $771,000 $780,000 $817,000 $845,000 $850,000 $859,000 $915,000 $925,000 $925,000 $925,000 $950,000 $1,005,000 $1,085,000 $1,100,000 $1,100,000 $1,112,000 $1,185,000 $1,500,000 $1,748,000 $1,780,000 $1,850,000 $1,888,000 $1,950,000 $1,971,000 $2,058,000

98.80% 100.00% 101.33% 100.00% 119.25% 105.83% 100.00% 95.86% 100.00% 97.98% 100.00% 100.01% 115.15% 100.00% 100.00% 95.15% 109.49% 114.36% 110.01% 121.04% 97.13% 100.06% 100.00% 104.57% 108.85% 105.23% 109.08% 99.98% 113.05% 100.93% 115.80% 122.91% 117.18% 96.73% 107.53% 100.00% 100.00% 90.24% 101.51% 97.55% 98.60% 96.85%

Sold Price

Sold Price/ Asking Price

Magnolia Condos Address

Bed

Bath

3045 20th Ave W. #409 2324 W. Newton St. #102 3505 W. Government Way #103 3505 W. Government Way #303 3045 20th Ave W. #410 3406 W. Government Wy #3 3804 25th Ave W. #4F

1 2 2 2 2 2 2

1 1.75 1.75 1.75 1 2 1.5

Sq Ft 584 916 970 708 949 1448

Built

Days on Mkt

Asking Price

1988 1988 1976 1976 1988 1991 1987

7 11 2 10 4 9 3

$295,000 $389,500 $409,000 $440,000 $375,000 $439,900 $475,000

$333,000 $389,500 $409,000 $420,000 $421,000 $439,900 $525,000

112.88% 100.00% 100.00% 95.45% 112.27% 100.00% 110.53%

Information supplied by Northwest Multiple Listing Service

@ qamagnews

VOL. 98, NO. 32

5 ways to create big luxury in a small master bathroom

Small bathrooms can be big on luxury and comfort, with the American Standard bright white Americast tub accented with a high-style Colony PRO shower/tub faucet set and matching bathroom sink faucet, all for an affordable price.

If you're thinking about remodeling your small bathroom, you may know that studies show updating a bathroom of any size can increase the value of a home. However, there's a statistic from a Houzz survey you might not know: 75 percent of people who renovate a master bathroom don't make it bigger. Enlarging a small master bathroom is often impractical; you may need to take space from another room, or extend an exterior wall to accomplish an expansion. Both options have disadvantages and costs. The truth is, you don't need to move walls or spend like a home improvement show host in order to create big luxury in a small master bathroom. Here are five ways to make a small bathroom space feel lavish and spa-like: 1. Rethink the shower stall versus tub debate. Many large luxury bathrooms have a separate shower and soaking tub. In a small bathroom, which may be used by multiple members and generations of a household, creating an upscale feeling by separating the tub from the shower might not be a realistic option. Instead, look for ways to boost the appeal of your tub/ shower space, perhaps by choosing a visually appealing, bright-white model for an updated, yet classic, style. For example, Americast bathtubs from American Standard combine unmatched strength and durability with elegant, traditional design lines that blend perfectly with stylish bathroom decor. Patented three-layer Americast construction gives the tubs a porcelain enamel finish, sounddampening qualities and superior resistance to damage, all in a lightweight material that makes for easy installation. 2. Step up your shower game.

The shower isn't just where you get clean; it's also a morning wake-up tool or end-of-day relaxation therapy treatment. Deluxe showers often feature multiple jets, rainfall showerheads and hand showers. Replacing an ordinary showerhead with a shower system is a cost-effective and easy way to add a luxurious experience to the shower. Options like the GROHE Retro-Fit Shower System offer a drenching rain showerhead, along with an integrated hand shower for ultimate convenience. Since the main showerhead is mounted on a movable arm, you can position the spray overhead (to function as a rainfall shower) or at an angle for additional comfort, all with the choice of spray patterns. Even better, the system works with existing plumbing, eliminating any need to open the wall to change piping. For added indulgence, consider a shower system with an elegant brushed nickel finish to elevate the look of your overall shower and bathroom decor. 3. Splurge on luxury materials. Yes, materials like travertine tile or granite countertops can be costly, but when you're renovating a small bathroom, you need less of those materials. Adding marble tile above a small tub/shower area will cost far less than outfitting a large walk-in shower. Replacing a modestly sized vanity with a new cabinet and granite countertop won't be nearly as expensive as redoing a large, double-sink vanity. When you have less real estate to refurbish, high-end materials can be a cost-effective choice. For a reasonable price, you can use quality materials to significantly boost the upscale feeling of your small bathroom. ➧ LUXURY BATHROOM, Page R2


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