SOLD February 29, 2024

SOLD: Seattle Bungalow, Beacon Hill Colonial & Central Area Duplex

UNDER CONTRACT

1931 S Orcas Street
Seattle, WA 98108
$918,900

  • MLS #2193227
  • Beds: 4
  • Baths: 4
  • Size: 2,680 sqft
  • Days on OneHome: 30

Rarely brick colonial custom-built home in Beacon Hill. It situated in an enclave of similar homes. Offer open living room and dining area. Kitchen with breakfast nook connect to Den or can be a formal dining. Second floor boasts 4 bedrooms/2baths, including impressive primary room with walk in closet. Basement with one bedroom w/full bath and extra room can be as the second kitchen. Two car garage with RV parking on side of house. Fully fenced backyard. Nestled in a serene neighborhood, this residence offers a picturesque escape for relaxation and entertainment. Minutes away from freeway, easy access to downtown. Must see.

UNDER CONTRACT IN ONE WEEK WITH 7 OFFERS

12823 84th Avenue S
Seattle, WA 98178
$488,980

  • MLS #2195204
  • Beds: 2
  • Baths: 1
  • Size: 960 sqft
  • Days on OneHome: 7

Enchanting bungalow in quiet woodland setting just min. to I-5/405 & other major routes for work, fun & travel. Cabin-like abode nestled in a quarter acre of greenery is the perfect tonic to balance the busy buzz of urban living. River-rock/ gingerbread filigree exterior, coved ceilings, warm hardwds, orig. artful millwork thru-out; built-ins & big windows in cozy kitch, generously sized bedrms. Updated electrical, copper plumbing, gas heat/water, A/C, dbl windws, Gutter Guards, elastomeric deck. More potential in basmt w/ sep. entry. Lush landscaping is bursting with gorgeous palette of colors & textures. Superb location w/i easy reach of essentials for daily routines, special shopping, indie-dining, Lk WA, airport, & more. Just move in!

UNDER CONTRACT

418 21st Avenue
Seattle, WA 98122
$1,040,000

  • MLS #2197424
  • Beds: 5
  • Baths: 2
  • Size: 2,280 sqft
  • Days on OneHome: 4

$20,000 Seller credit for rate buy-down plus 5% downpaymt ok for owner-occupied loan makes this a great buy!!! Fully loaded and dialed in duplex (LR2 zoning) in the heart of the Central Area. Both units stylishly updated 2022-2022=no or low maint. for years to come. New LVP flooring thru-out, new kitch counters/appls/sinks/plumbing/disposals; new bath vanities/sinks/plumbing/some fixtures; new heaters & thermostats, new entry drs, new stairs, deck & ext. carpet to upper unit. New roof 6yrs ago & about same for water heaters, full size W/D both units, PREMIUM PARKING: 4+ spaces off paved alley, 2carport +extra in driveway. Historic Seattle neighbrhd, exciting new & iconic eateries, pubs, performing arts; parks, metro. Super-smart investment.

Real Estate Listings February 28, 2024

NEW LISTING: Classic Mid-Century Daylight Rambler in Upper Rainier Beach

10758 68th Avenue S
Seattle, WA 98178
$660,000

  • MLS #2195211
  • Beds: 4
  • Baths: 2
  • Size: 1,886 sqft
  • Days on OneHome: 7

Classic Mid-Century Daylight Rambler in coveted Upper Rainier Beach! Well-maintained & move-in ready with design features beloved by MCM enthusiasts. Newly refinished oak hardwoods, brick fireplaces up & down, orig. millwrk, cabinetry & hardware thru-out, H.U.G.E. appr. 300sqft deck for outdoor entertaining. Mostly daylite baesment has big open spaces, 4th bedrm, bath & sep. entry. Updated electrical, plumbing, dbl-paned windows, gas heat, A/C. A gift to gardeners, the grounds have been lovingly curated: a kaleidoscope of seasonal blooms & textures, patios and koi pond. Perched above 35 acres of peaceful woodlands & waterfalls in Lakeridge Park for added privacy. Walk to fun local bistros, coffeehouses; short hop to Lt Rail/I-5. Great Buy!!

Sellers February 27, 2024

Minimize Stress While Selling Your Home

After years of collecting furniture, plants, and memories, the thought of preparing your home to sell and moving to a new one can be daunting and stir up a lot of emotions. But selling your home doesn’t have to be stressful; here are a few tips to help make it easier.

Involve your agent early

The earlier you involve your Windermere Real Estate agent, the better they can set you up for success. When you reach out to them, they’ll be able to evaluate your home with their expert opinion based on their experience, and determine what needs to be done.

You and your agent will come up with a plan and timeline that works for you. After they do a comparative market analysis, they’ll have a good idea of what it will take to get the best price for your home. They may suggest you move out so the home can be professionally staged and easily accessed by potential buyers, or if that’s not an option, they will provide insights on what you can do yourself so you can live there while it’s on the market.

They may also see opportunities that are easy to implement, like improving the landscaping for curb appeal or minor projects that can increase your home value.

Get an inspection & make necessary repairs

Some sellers may be concerned that their property isn’t in the best condition and that this will impact their home’s value. While some repairs may need to be done before putting your home on the market, you might be surprised that you don’t have to fix everything.

By getting a pre-inspection you’ll know what all needs to be done right away and what can wait. Your Windermere agent will be able to help you understand the inspection report and make decisions based on the condition of your home and the current market. Some repairs will be more important than others, things like a new roof or water heater can help new buyers feel more comfortable in their purchase while a trending remodel may interfere with the buyers own plans for the space.

Split up the selling process into approachable pieces

Once you have a vision for everything that you need to do to get your home prepared to sell, it’s a good idea to split the full project into smaller pieces that you can tackle one by one. You’ll want to determine what needs to be done first, like an inspection or small remodel, and what items can be done at the same time, like moving out and staging. If you take this approach, the final preparations will feel less overwhelming.

When you prepare well ahead of time, the actual process of selling will be less overwhelming, and you’ll have the confidence that you’ve done everything you can to make the most of the investment you put into your home.

Then comes packing and moving, but don’t worry, we have some tips to make that easier too, read here.

Real Estate News & Information February 21, 2024

Local Market Update – February 2024

Like some plants and trees, the local real estate market is starting to bloom. Last month, median residential sold prices increased in each of the four geographic areas covered below. That’s welcome news for intending home sellers, who are also benefitting from continued low inventory region-wide. At the same time, local buyers are seeing stabilizing interest rates (currently in the mid-6-percent range) while confronting hefty competition for available properties. With residential supply shrinking last month, compelling offers continue to be the key to buyers securing a home.

In King County last month, single-family home prices rose by 9% year over year, to $849,850. Condo prices gained momentum as well, rising to $495,000 last month, up 10% from $450,000 a year ago. With limited new listings coming on the market in January, the inventory of available King County single-family homes dropped to 1.0 months of supply, down from 1.3 months at the end of December 2023.

Seattle also saw an increase in home prices last month, with an 8% year-over-year jump to $869,000, up from $803,750 in January 2023. The supply of homes in Seattle dropped from 1.7 months to 1.0 months, spurring buyer competition. Seattle condo prices also rose year over year, from $487,500 in January 2023 to $537,500 last month, while supply dipped to 2.1 months of inventory, having started the year at 2.5 months.

On the Eastside, the median sold price for a single-family home was $1,465,000 in January, up 11% from $1,320,000 the year prior. The supply of Eastside homes dropped from 1.2 months of inventory at the beginning of January to just 0.9 months by February 1, and more than half of the area’s available homes sold in under 30 days. Condo prices also rose last month, though at a slower rate. The median sold price for an Eastside condo increased 5% to $570,000, up from $543,000 in January 2023.

Snohomish County home prices rebounded last month, perhaps feeling the effects of a continued drop in inventory. The median residential sold price increased by 4% year over year, up from $699,000 in January 2023 to $729,990 last month. By the end of January, the supply of Snohomish County single-family homes stood at just 0.6 months of inventory. Perhaps reflecting these supply constraints, the median sold price for a Snohomish County condo jumped by 13% last month compared to January 2023.

While real estate market activity has remained slow in accordance with seasonal buying patterns and low inventory, residential prices have been on the rise. The regional condo market, despite its comparatively greater supply (as measured in months of inventory), has seen its share of recent price gains as well.

In the face of a rapidly evolving market, it’s more important than ever to connect with your Windermere broker. They can provide insight into the changing dynamics of regional submarkets, offer nuanced expertise and move quickly when the time is right for you to attain your real estate goals.

Real Estate Listings February 15, 2024

NEW LISTING: Enchanting bungalow in quiet woodland setting

12823 84th AVE S
Seattle, 98178
$488,980

  • Bedrooms: 2
  • Bathrooms: 1
  • Living Area: 1,700 sqft
  • Lot Area: 10,912 sqft

Enchanting bungalow in quiet woodland setting just min. to I-5/405 & other major routes for work, fun and travel. Cabin-like abode nestled in a quarter acre of greenery-the perfect tonic to balance the busy buzz of urban living. River-rock/ gingerbread filigree exterior, coved ceilings, warm hardwds and original trim thru-out, artful millwork, built-ins and big windows in cozy kitchen, generously sized bedrooms with great closet storage! Updates include gas heat/water, A/C, double windws, Gutter Guards, elastomeric deck. More potential in basmt w/ sep. entry. Lush landscaping is bursting with a full palette of color & texture. Superb location within easy reach of essentials for daily routines, special shopping, indie-dining, Lk WA, airport, & more. Just move in!

Information provided as a courtesy only, buyer to verify. For more, go here.

Design February 13, 2024

Benefits, Risks & Things to Consider Before You Add an Accessory Dwelling Unit to Your Home

Have you ever rented a unit in someone’s basement? Maybe your significant other’s mom moved into the apartment above your garage? Or have you ever travelled and stayed in a pool house? Commonly referred to as “Mother-In-Law” units, homeowners use these as a way to fill the space in their home and gain residual income, either from vacationers or long-term tenants.

The official terms for these units are Additional Dwelling Units (ADU) or Detached Additional Dwelling Units (DADU), and are defined as extra spaces in homes and on properties where someone can live completely independent of the main house.

These units can be almost anywhere on the property, but they are usually located in the basement, in the backyard, or above the garage. They have their own bathroom, kitchen, and sleeping space and they will sometimes share laundry with the residents in the main house.

Thinking of adding a unit to your home? Here are some benefits and risks, as well as important aspects to consider before you build:

 

Benefits

Homeowners can maximize their investment by renting out the extra space to long-term tenants or short-term vacationers. These tenants can help pay off debt or create an extra stream of income.

Depending on several factors, including the size of the unit, the local real estate market, and other factors, each homeowner should decide which option they are more comfortable with. These decisions should be made before they list the unit for rent to find the right audience.

More: How to Rent Out Your Vacation Home This Summer

 

Risks

If you’re considering renting your space to someone for a long-term lease, there are some things you can do to minimize the risk of ending up with a tenant who turns into a financial burden. It’s strongly recommended that you use an application process to check backgrounds and employment history as a tool to get to know the potential tenant. Make sure to adhere to the National Fair Housing Laws and your local regulations.

If a short-term vacation rental makes more sense for you, many of the posting sites available have regulations and procedures to minimize the risks of having ill-intended strangers come through your property. You can determine which options are the best for you and be sure to take precautions like changing codes between visitors.

 

Things to Consider:

What are shared spaces?  

Identify the areas where it will be comfortable sharing those spaces, and potentially appliances, with other people. This is just as much about your privacy preferences as it is a consideration of what makes the most sense depending on your set up and what you’re willing to invest to make it more comfortable.

For example, you might be okay with sharing the washer and dryer with tenants, but if those are located in the main house and the unit is detached, it might not make sense. For long-term tenants that likely means adding laundry to the unit, however you don’t need to supply a washer or dryer for vacation renters who will only stay for short periods.

 

How close are the units and what noise level are you comfortable with? 

As a long-term landlord, tenants have the right to quiet enjoyment without the landlord impeding on their space or controlling their activities. If the unit is in the basement and the tenant has friends or family over, that noise could permeate into your unit in the late hours of the night. A way to prevent this is to be sure to layout quiet hours and expectations before they sign the lease or make an agreement so that you and the tenant are on the same page.

The same goes for the rules in the vacation rental listing. Managing expectations is the first way to create a relationship with the tenants, even for those who are only there for the weekend. Be clear in your rules and guidelines and have reminders in the unit.

 

What improvements are required?

Consider what elements and amenities the unit needs for the type of renter you want to attract. For example, long-term renters will need a kitchen, but vacationers will only likely need a kitchenette. Depending on the project, you might not get your money back in the short term, but if you’re dedicated to making the space worth it to rent it out over the next few years, improvements can be well worth the investment.

Buyers February 7, 2024

Buying with Your Pets in Mind

For many of us, pets play a central role in our home life, so taking into account what is best for them when buying a home is important for both their happiness and that of your entire household.

Is the Neighborhood A Good Match For Your Pet?

When looking for homes that are well suited to both you and your furry companion, consider the area surrounding the home. If your pet is an indoor/outdoor animal, it’s important to examine the hustle and bustle of the neighborhood. If your pet spends time outside, a busy neighborhood could be dangerous, and depending on the level of traffic, he or she may need to be on a leash at all times.

How conducive is the neighborhood for taking your pet on walks? If you frequently walk your pet, look for neighborhoods with sidewalks. If your pet enjoys being off-leash, consider prioritizing homes with green belts, parks, trails, or designated off-leash areas nearby. It’s also a good idea to identify where the local emergency pet centers and veterinarian clinics are to insure there is sufficient medical care for your pet in proximity to where you live.

 

Does The House Meet the Needs of Your Pet?

  • Size: Is the house big enough? Depending on the type of pet, or breed of animal, space may be the most important factor in picking a pet-friendly home. If you are moving into a bigger space than you were in previously, understand your pet will likely take to the additional room differently. On the flip side, if you are downsizing, be mindful of how it might impact your pet.
  • Yard: If you have a pet that spends time outside, it’s important to pay particular attention to the yard. Is it large enough? Does it have a secure fence? Is there easy access between the home and the yard?
  • Flooring: Pet-friendly flooring can be tough. Surfaces that can be repaired or refinished when scratched are typically the best options for homes with pets. Sealing additional layers will build up the resistance to damage from paws, claws, and general pet wear and tear.
  • Carpet: Cats are notorious for clawing and scratching at carpet, and dogs are infamous for bringing the outdoors in with them. Consider carpeting of a lesser quality in the area where your pets spend most of the time, or search for carpets that are stain resistant and easy to clean.
  • Stairs: Older pets and multileveled homes are at odds. Consider the age of your pet and how active you expect them to be so that you don’t find yourself in a position where you’re having to carry your pet between floors.
  • Additions: If you’re comfortable with doing a little work on your potential home, you can consider adjustments that might make it a little more safe and comfortable for your pets. Adding an enclosed outdoor space for your cat called a catio or carving out space in the yard for a dog run can be just what your fur babies need.

More: 5 Pet Friendly House Cleaning Tips

 

What Does the HOA Say About Pets?

When looking at a home, ask whether or not it is a part of a Homeowners Association and what restrictions may apply to the property. For instance, certain HOA developments limit the number and/or type of pets per household.

Most pet owners take the needs of their pets seriously. In fact, in a recent Realtor.com survey, 95% of pet owners said that their pets needs were an important consideration when finding the right home to buy. When it comes down to it, prioritizing your pet when buying a home not only insures your pet’s well-being, but that of your household, as well.

Living January 30, 2024

Simple Ways to Conserve Energy at Home

Whether you want to use less energy to reduce your carbon footprint or your monthly costs, there are plenty of easy ways to conserve the electricity and natural gas you’re using in your home. Energy conservation can be as simple as closing your curtains, changing a light bulb, turning down your thermostat, or closing the fireplace damper. Many of the most inexpensive solutions quickly pay for themselves in conservation, which you ultimately benefit from when you get your power bill.

Do Your Chores During “Off Peak” Hours

One of the biggest ways you can conserve energy is to take advantage of “off-peak” hours. This is a step that everyone can take because it simply involves shifting your use of major appliances, such as ovens, washing machines, dryers, and dishwashers, to a time when the demand on the power supply is lower.

Check with your power company to see if they have peak hour rate changes and adjust your schedule as you can to do your laundry and dishes during the off-peak times.

And when it’s time, upgrade your large appliances to Energy Star products for the most efficient and use of your power.

Small Changes in Your Laundry Cycle

Another way you can save energy is by washing your clothes in cold water and only running full loads. This reduces the need for your machine to heat the water and has the double benefit of keeping your clothes in good condition for longer, further reducing your textile waste when you don’t have to replace your clothes as often.

To speed up the clothes drying process, add a dry towel or two to your machine to soak up excess moisture. Another option is wool dryer balls which not only help clothes dry faster, but you can also add drops of your favorite essential oils in place of single-use dryer sheets, which cause dust build up in your dryer vents and add to the landfill.

It’s also important to keep to a maintenance schedule with your washer and dryer. Clear out the lint trap after every load and make sure the dryer hose and vent are clear. Clean the filter on your washer once a month to keep things running efficiently.

More: Saving in the Laundry Room

Heating and Cooling Tips

Heating and cooling systems account for almost half of home energy consumption but luckily there are several easy ways you can reduce your home’s demand.

Conventional measures, such as setting back your thermostat, are effective at lowering your energy use and costs. In fact, the Department of Energy estimates you can save 10 percent on your power bill if you turn your thermostat temperature down by 10 degrees for eight hours a day. Here are a few ways you can reduce energy consumption and save money:

  1. Experiment with the temperature that you’re most comfortable with to determine if you can keep your thermostat set to a lower temperature.
  2. Set a schedule on your thermostat to change the temperature of your home when you’re asleep or not home, in the winter set it lower, in the summer set it higher.
  3. Close your blinds and shades to keep the air from escaping through the windows, and to keep the sun from heating up the air inside your home.
  4. Keep the fireplace damper closed unless you have a fire burning. Leaving the damper open can cause drafts and heat loss throughout your house.

It’s also important to keep your HVAC system clean and maintained. Change your furnace filter frequently, clear out any dusty ducts, and keep the air in your home clean with air purifiers. Doing so will enable your heating system to run more efficiently and be more cost-effective.

Update Your Lighting

It’s estimated that lighting accounts for 15 percent of your overall home energy bill, so another way you can conserve, other than turning the lights off when you leave a room, is by using energy-saving light emitting diodes (LEDs).

LEDs use about 90% less energy and last up to 25x longer than incandescent lightbulbs. They’re available in a number of shapes, sizes, and tones, making it an easy replacement for almost any bulb in your home. When shopping for LEDs, look for those with the Energy Star label on them—this ensures that you’re purchasing a product that has been approved by the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy (DOE).

More: How to Find the Right Lighting For Your Home

 

For more information about energy conservation, please visit www.energystar.org.

Real Estate News & Information January 25, 2024

Average long-term US mortgage rate continues to drop

Finally, there’s some good news for prospective homebuyers facing affordability headwinds: The average long-term US mortgage rate remains in the mid-6 percent range, marginally increasing homebuyer demand.

According to mortgage buyer Freddie Mac, 30-year fixed rates have largely been in decline since the end of October when they were in the upper 7 percent range (7.79% at the peak), and now hover in the mid-6 percent range (6.66% most recently). While this is a positive trend, the average rate is still significantly higher than it was two years ago, when it hovered around 3 percent.

Buyers who were previously shying away from the market are completing home loan applications at an increased rate – up an adjusted 0.3% last week from the previous week, according to the Mortgage Bankers Association.

Homeowners refinancing their home loans are also seeing a decline in borrowing costs on 15-year fixed-rate mortgages. As of January 11, 2024, the average rate fell from 5.89% to 5.87% the previous week. A year ago, the rate averaged 5.52 percent.

A continued trend in this direction may positively affect the housing market as 2024 gets underway. Recently, elevated mortgage rates and a significant under-supply of homes had led to the slowest-paced market in more than 13 years. Time will tell if lower rates jumpstart our local real estate market, which is seeing significant pent-up buyer demand in the face of continued supply challenges.

This post was based on information found on Seattle Times

Buyers January 23, 2024

To Buy New or Old, That is the Question

If you’re shopping for a new home, there are a number of factors you need to consider in order to narrow down your search criteria. Because before you can get too deep into your home search, you need to identify your needs, figure out your wants, and decide if there are any deal breakers that don’t work for you, such as the age, style, and location of your dream house. As you weigh the option between a new build or an older resale, here are six differences to note.

 

The Neighborhood

Surprisingly, one of the biggest factors in choosing a new home isn’t the property itself, but rather the surrounding neighborhood. While new homes occasionally spring up in established communities, most are built in new developments. The settings are quite different, each with their own unique benefits.

Older neighborhoods often feature tree-lined streets; larger property lots; a wide array of architectural styles; easy access to mass transportation, restaurants, and local shops; and more established relationships among neighbors.

New developments are better known for wider streets and quiet cul-de-sacs; controlled development; fewer above ground utilities; more parks; and often newer public facilities (schools, libraries, pools, etc.).

Consider your daily work commute, too. While not always true, older neighborhoods tend to be closer to major employment centers, mass transportation, and multiple car routes (neighborhood arterials, highways, and freeways), and new construction homes are usually found on the outskirts of city limits where there’s more land available for the development. The main exception being new townhouses on lots in the middle of established neighborhoods.

 

Design and Layout

If you like VictorianCraftsman, or Cape Cod style homes, it used to be that you would have to buy an older home from the appropriate era. But with new-home builders now offering modern takes on those classic designs, that’s no longer the case. There are even modern log homes available.

Have you given much thought to what type of floor plan you want? If you have your heart set on an open-concept layout with an entertainment kitchen, spacious primary suite, and walk-in closets, you’ll likely want to buy a newer home—or plan to do some heavy remodeling of an older home. Unless they’ve already been remodeled, most older homes feature more closed floor plans with structural separation between rooms.

If you have a specific home décor style in mind, you’ll want to take that into consideration, as well. Professional designers say it’s typically best if the style and era of your furnishings match the style and era of your house. But if you are willing to adapt, then the options are wide open.

 

Materials and Craftsmanship

Homes built before material and labor costs spiked in the late 1950s have a reputation for higher-grade lumber and old-world craftsmanship like hardwood floors, old-growth timber supports, ornate siding, artistic molding, etc.

However, newer homes have the benefit of modern materials and more advanced building codes, such as copper or polyurethane plumbing, better insulation, double-pane windows, modern electrical wiring, earthquake/ windstorm supports, and so on.

 

Current Condition

The condition of a home for sale is a top consideration for any buyer, whether you plan to do a little work or not. However, age is a factor here, as well. For example, if the exterior of a newer home needs repainting, it’s a relatively easy task to determine the cost.  But if it’s a home built before the 1970s, you have to also consider the fact that the underlying paint is most likely lead-based, and that the wood siding may have rot or other structural issues that need to be addressed before it can be re-coated.

On the flip side, the mechanicals in older homes (lights, heating systems, sump pump, etc.) tend to be better built and last longer.

Regardless of the age of the home or the apparent condition, it’s important to get a home inspection from a professional.

 

Outdoor Space

One of the great things about older homes is that they usually come with mature trees and bushes already in place. Buyers of new homes may have to wait years for ornamental trees, fruit trees, roses, ferns, and other long-term vegetation to fill in a yard, create shade, provide privacy, and develop into an inviting outdoor space. However, maybe you have the patience and interest in building the yard you want, or you’re one of the many homeowners who prefer the wide-open, low-maintenance benefits of a lightly planted yard.

 

Car Considerations

Like it or not, most of us are dependent on our cars for daily transportation. And here again, you’ll find a big difference between newer and older homes.

Newer homes in developments almost always feature ample off-street parking: usually a two-car garage and a wide driveway. Some new construction even includes electric vehicle charging stations as electric and hybrid cars become more mainstream. An older home, depending on just how old it is, may not offer a garage—and if it does, there’s often only enough space for one small or mid-sized car. For people who don’t want to leave their car on the street, this alone can be a determining factor.

 

Finalizing Your Decision

While the differences between older and newer homes are striking, there’s certainly no right or wrong answer. It is a matter of personal taste, and what is available in your desired area. To quickly determine which direction your taste trends, use the information above to make a list of your most desired features, then categorize those according to the type of house in which they’re most likely to be found. The results can often be telling.