Beautiful Wallingford/Fremont Home Just Listed!
May 2, 2012
JUST LISTED! Wallingford/Fremont Home
$615,000
This home is situated in a prime location. Energy efficient with radiant heat throughout, instant hot water, bamboo floors & gas cooking. Electrical & plumbing updated. Spacious floor plan with master suite, living/dining room on main floor and 2 additional entertainment rooms downstairs. 2nd kitchen (MIL potential) completes the downstairs with a perfectly landscaped backyard and patio. Ample storage throughout the home in addition to an attached storage shed. Off street parking for 3 cars.
Call Julia Schwab at 206-778-5859 to schedule a private tour.
Posted in New Listings | Leave a commentSnapshot of the Real Estate Market
April 26, 2012While this article focuses on the national housing market, some markets are hot and some are not in our local market. Pointe3 can help educate you on today’s market conditions and match you up with the right place whether you are looking for an investment property or personal residence.
“Housing market no longer yours for a steal”:
http://seattletimes.nwsource.com/html/realestate/2017996700_harney22.html
Posted in Real Estate News | Leave a commentDeclutter Your Home to Prepare to List It
April 23, 2012Spring time finally arrived in Seattle this weekend with several sunny days in a row! It is an amazing time living in the city on a weekend like this. Fremont was buzzing with BBQs, strollers, dogs on leashes, and adirondack chairs all filled up at Café Ladro. But the weather report is scheduled for a bit of rain during the week and many will retreat back inside their home. Make use of your time indoors with an annual home de-cluttering session and it will surely fly by. Not sure where to start? Below are a few tips to help you out.
1. Start small – start with one room. Declutter one room before starting on the next one is much easier to accomplish at a quicker pace and will give you the satisfaction and motivation to keep going.
2. Have someone else (who you trust!) help you go through things. A good friend will be able to help you recognize if something should be kept or not while also considering emotional attachment you may or may not have to an item.
3. Paper often accounts for a lot of our clutter. If you can find it on the internet, you may not need the paper copy at your home. And there are too many places to keep paper — on the counter, on the table, on your desk, in a drawer, on top of your dresser, etc. Designate an in-box tray or spot in your home (or at your office, for that matter) and don’t put down papers anywhere but that spot. Got mail? Put it in the inbox. Got school papers? Put it in the inbox. Receipts, warranties, manuals, notices, flyers? In the inbox! This one little change can really transform your paperwork. And just as you must address items in your inbox at your, do it at home to keep from missing deadlines.
4. Everything should have a home. A truly organized individual will have a “home” for every “item”. If you buy a new kitchen gadget, have a place it fits in the kitchen. Consider investing in custom organizers for your bedroom closets, pantry, storage area, garage, and other areas that you accumulate clutter.
And if you are considering listing your home for sale, de-cluttering your home is a necessary step. Contact a Pointe3 Broker today for an in home consultation and market analysis.
Posted in Real Estate Advice | Leave a commentRyan’s Capitol Hill Townhome for Sale
December 14, 2011
Listed at $499,000 this Pacific Northwest Craftsman styled town home sits in a prime location right in the heart of Cap Hill and with a walk score that has no equal.
The Glover Home original has upgrades with a brand-new kitchen, including Sub Zero refer, Viking (gas range) and stainless appliances, custom hardwoods, radiant floor heating and slab granite throughout plus so much attention to wood work detail in every space.
This home boasts a Large Master and custom Master closet(s) this home boasts roomy living and dining, separate floored bedrooms and awesome income generating potential with its size and location. Polish this off with a top floor balcony with sweet view and entertaining space. MLS #299974
Posted in Uncategorized | Leave a commentTRENDS Report: Time to Buy Multi-Family Housing?
December 8, 2011
Did you make it to the annual TRENDS conference this past Tuesday? The conference, which is the largest of its kind on the west coast, has been running for over 25 years. Our team spent the day meeting some of the 200 exhibitors and attending a sampling of the many available workshops.
Is this a Good Time to Buy Multi-Family Housing?
One session in particular struck home for the Pointe 3 agents–a talk hosted by Eric Smith, of Paragon RE Advisors, and Bob McGrouther, of Luther Burbank Savings. Geared towards investors of multi-family housing, the workshop aimed to answer a vital question: Is this a good time to buy an apartment property? While our brokerage typically focuses on single family housing, we thought this might be an interesting topic for those of you who are thinking of getting into this avenue of real estate investment. Here’s what we discovered as the session unfolded.
What’s Available Right Now?
First of all, the incredible interest rates that are available right now make this a great time to buy apartment buildings – but will there continue to be enough demand for rental housing? Although only 1,700 apartment units were built last year, there are 22,000 more scheduled to be completed in the next two years; meanwhile, demand based on job growth is only at 16,000 units. The current tri-county average price per unit is $114,000, with purchasers asked to put 25-30% down.
The Cap Rate / Interest Rate Balance
Another thing to take into account are the current cap rates. In 1990, the cap rate was about 8%; by 2009, it had dropped to 4%. There is a floor on cap rates, so we’re never going to see 0%, or even 2%; right now, the rates are at 5.5% in Seattle and 6.75% in the outlying areas. Today, we have positive leverage for the very first time–the cap rate is higher than the mortgage rate, which makes for an increased rate of return.
With the cyclical nature of interest rates, it’s safe to assume they will rise a bit in the future; but before they rise by much, the employment rate is going to have to be much more robust (and it’s estimated that we may not reach full employment until 2021). Based on what the Feds have told lenders, it will be 2014 before we see interest rates inch upwards at all.
Based on all this, it looks to us like there is a small window in the next few years where you’ll find great interest rates and a deficiency of units in the rental market. If you need advice, contact us!
Posted in Real Estate Advice, Real Estate News | Leave a commentCNN Loves the Evergreen State
December 2, 2011Wondering how our state measures up? Washington just scored big in CNN Money’s list of the top twenty small towns!
Last year, CNN Money came out with a list of the top 100 cities in the US. This year, they’re back with a list of the 100 best small towns to live in. The list was built by looking at a myriad of statistical data, and includes quaint locales all over the country–but Washington wins big when it comes to small towns, scoring three cities in the top twenty. We all know we love it here, and now we can put a value on why.
Number 9: Mukilteo
With a median family income of $104,939 and 2001-2011 job growth of nearly 14%, Mukilteo’s position right on Puget Sound makes for some gorgeous views, as well as convenient access to the Washington State Ferry lines. The city has a population of 20,310 and a median home price of $379,950. With reading and math test scores between 20-30% above the state average and a personal crime rate of one incident per 1000 people, Mukilteo’s residents describe their hometown as a wonderful place to raise a family.
Number 15: Sammamish
One frustration with small towns arises when residents become slaves to the commute. But with Microsoft, Boeing, and Amazon all headquartered a stone’s throw away, Sammamish (population 46,700) provides an alternative to Seattle for working professionals who want to balance their family lives and their careers. 2000-2011 job growth here came in at 35.18% (compare that to the Best Places average of 1.38%), with a median family income of $135,085 and home price of $535,000. Students in Sammamish do very well on standardized tests, scoring 50% higher in math than the state average, and the personal crime rate is actually zero incidents per 1000 people. While it is located further inland than nearby Bellevue, Lake Sammamish provides the views and recreational opportunities that define so much of our gorgeous state.
Number 18: Newcastle
While Newcastle also has strong job growth (26.13% between 2000 and 2011), high test scores (over 30% higher than the state average in math), and low crime rates, many residents would argue that the best aspects of Newcastle can’t be conveyed with a number. This town of just over 10,000 people backs up to Cougar Mountain Regional Wildland Park, 3,115 acres of gorgeous backcountry trails over and around Cougar Mountain in the “Issaquah Alps.” Located in King County just 13 miles from Seattle, this former mining town has a median family income of $111,939 and a median home price of $523,000. In addition to the park, residents enjoy a strong sense of community, with concerts and municipal events year-round.
To find out more, browse the statistics at CNN Money’s Best Places to Live: Money’s List of America’s Best Small Towns. Do you own property in one of Washington’s small towns? Tell us why you love it in the comments below.
Posted in Real Estate News | Leave a comment$28.8 Million Mercer Island Home Auctioned Off Today
August 30, 2011According to Puget Sound Business Journal, today a Mercer Island mansion valued at $28.8 million is being auctioned off.
Originally offered at $32 million, but then later decreased to $28.8 after construction finished, the home has been on the market for nearly a year. The home is approximately 14,000 sq. ft. and, in case you can’t afford the large price tag, you can take a peek at the house here.
The grounds include a dock for a 100-foot boat, two jet ski lifts, a 30-foot boat lift, pool, spa, outdoor kitchen and more. The home features some of the same technology features installed in Bill Gate’s house.
Posted in Property Sale | Leave a commentRyan Just Sold Queen Anne Townhome for $374,000!
July 28, 2011
Meticulous owner that has kept this spacious 2 bedroom/loft polished and like new. Slab granite throughout, stainless app. and gas range, beautiful lighting, tall vaulted ceilings perched on a corner lot with tons of windows and light everywhere. Roof top terrace with views of the cut, large outdoor yard and additional deck. A perfect room mate situation or investment property right next to SU and on the south slope of QA. Generous storage in every room making this a turn key & no HOA!
View more information here!
Price Change: Ashley’s Unit at the Klee is Now Listed for $249,000!
July 28, 2011
Ashley has Relisted the Klee Condo at $284,000!
June 6, 2011
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