Real Estate, October 14, 2012

Page 1

spokesmanhomes spokesman homes.. In print. Online. In touch.

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SECTION H INSIDE: RESALES – OPEN HOUSES – RENTALS AND MORE

Produced by the Advertising Department of

in conjunction with the Spokane Association of REALTORSÂŽ

THE RIVERSIDE at

October 14, 2012

AUTUMN Move In Specials! Free Move-in Service

Senior Living Community Evergreen ergreen Fountains is Spokane’s Newest Premier Luxury Senior Living Community Community. If you or a loved one is a senior looking to become active in a flourishing community, Evergreen Fountains is your best choice for cottage homes, independent living, & light assisted or assisted living apartments.

6910 E. Columbia Dr. Spokane 2 Bedrooms + Den | 2 Baths 1968 sqft + 1562 unďŹ nished basement $ 264,990

Evergreen Fountains stylish Cottage Homes are for lease & range from 1,450 to 1,595 square feet. Features: • Vatican tile floor covering • 2-3 bedroom floor plans • Gas fireplace • Full kitchen • Garages • Granite counter tops • Fitness Club Membership • Vaulted ceilings • Community amenities & much more • Jetted tubs “Our Cottage Homes are the premier active adult living homes in the Spokane Valley,â€? says Owner Gregory Arger.

Call for an appointment today! On-Site Sales Agent: Terry Lipe cell: 509.999.7916 oďŹƒce: 509.868.0695

Model Home Hours: Sat - Sun, 1pm - 4pm Thurs - Fri, 11am - 5pm and by appointment

WA CCB# HAYDEHL937BH

New Homes Available & Ready for MOVE-IN!

Evergreen Fountains has the most innovative & acclaimed senior wellness programs in Spokane. Wellness programs are available for residents in all stages of life. • WARM WATER POOL, 88 DEGREES • Health N’ Motion Programs Only minutes from the Valley Hospital, Valley Mall, and Interstate 90. This progressive active retirement community is designed to offer you the utmost in convenience, comfort, security, and social opportunities. For more information, and private tours, please e FREE Fitness Club Membership contact Gene Arger (509) 922-3100 or 509-844-8814. Please visit www. evergreenfountains.com. All Realtors Welcome GETTING THERE: Take Highway I-90 to the Evergreen exit interchange. Proceed south on Evergreen Road to 1201 N. Evergreen Road.

2 ST 201 L O H OR IVA F ST ES TE E SI LL F HOM FA OF

PHASE 3 Now Available! The River Run Development is located just 2 1/2 miles west of downtown Spokane & is nestled on the banks of the Spokane River & offers:

GREAT VIEW LOT COMMUNITY LOCATED IN THE SPOKANE VALLEY!!

the Cambridge

the Park View

1901 sqft. $211,713

1691 sqft. $206,272

4 Bedroom, 2 Bathrooms

3 Bedroom, 2 Bathrooms

Open en n Weekends Weekken nds - Noon To 4pm

• River frontage & secondary home sites available with views of the river & downtown. • Every home site has easy access to the natural hiking trails that run along the river. • Desirable schools; Hutton, Sacajawea, & Lewis & Clark. • Close proximity to Riverside State Park, Centennial Trail & 3 of the areas best golf courses. • Prices begin in the low $300’s & top out at over $1 million. • 4 Available or under construction priced from $349,900 to $429,900.

Jim Powers Managing Broker 509-321-1100 For virtual tours visit riverrunliving.com

Directions from downtown Spokane: Head west on 2nd Ave or Riverside Ave, turn right on Government Way & follow to the River Run entrance. Second entrance across/ south of SFCC campus.

Pay early, stay flexible Peter G. Miller CTW Features

‡ Gated Community ‡ Private Park ‡ Great Views

Directions: Take Argonne Exit North from I-90 , West on Upriver, North on Elton to Entry Gate

‡ West Valley School District ‡ Large Selection of Available View Lots ‡ Ask about our incentives!!!

OPEN THURS, FRI, SAT, SUN & MON FROM 1-5 PM AND TUE / WED BY APPOINTMENT For More Info

H E L OW FROM T

$200,000’S

TOM CROWLEY

509.455.9999 tcrowley@cbspokane.net

LEARN MORE ABOUT VIKING CONSTRUCTION

www.VikingHomes.com or call 208-762-9106 ,Q D FRQWLQXLQJ HIIRUW WR LPSURYH RXU SURGXFW 9LNLQJ +RPHV UHVHUYHV WKH ULJKW WR PDNH FKDQJHV DQG PRGLÂżFDWLRQV WR HOHYDWLRQV VSHFLÂżFDWLRQV IHDWXUHV RSWLRQV DQG SULFHV ZLWKRXW SULRU QRWLFH ,' /,& 5&(

QUESTION: Is it worthwhile to pay additional principal on my mortgage? I pay from $40 to $200 extra every month. Is it better to have the bank set this up? They have offered a prepayment plan for a $200 fee. ANSWER: You already have a prepayment plan you like, so why pay $200? Right now, you pay your regular payment plus an additional $40 to $200 per month extra as your finances and preferences allow. But what if you didn’t want to make an extra prepayment? For the bank’s program, would you be required to make a bigger payment? Given an economy that has been battered since real estate values reached their peak in 2007, it’s wise to have the smallest monthly obligations possible, and to prepay mortgage debt when you can, if you want to. (This is also the reason to consider refinancing now to a

fixed-rate loan at today’s low rates.) If you have a mortgage that allows prepayments in whole or in part at any time and without a prepayment penalty, then you can effectively modify your loan by paying extra each month. This is a good saving plan for many households, especially if you do not have high-cost credit card debt. You can shorten the term of a fixed-rate mortgage by prepaying. For example, if you have a $150,000 mortgage at 4 percent, the monthly cost for principal and interest over 30 years will be $716.12. The lifetime interest cost of the loan is $107,803. If you pay an additional $50 per month, the loan will be repaid in 26.5 years, and the total possible interest cost will fall to $93,518. But what if you prepay monthly and sell after eight or ten years? Good news – you’ll owe less to the lender at closing. With adjustable rate mortgages, the result of prepayment is uncertain, because interest costs can rise and fall over the life of the loan as rates change.


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Real Estate, October 14, 2012 by Cowles Publishing - Issuu