Real Estate

QueenAnne&Magnolianews

QueenAnne&Magnolianews

QueenAnne&Magnolianews

QueenAnne&MagnolianewsQueenAnne&Magnolianews

QueenAnne&Magnolianews

Serving Queen Anne & Magnolia since 1919

Queenannenews.comJune 10, 2015 Vol. 96, no. 24

Flat 1 - COLOR

Kim Wesselman

Windermerereal estate

Home Ownership as a Promising Investment

Is a wood or composite deck right for your home?

Home values are increasing fast in Seattle and across the country. What does that mean to your net worth?

For most of us, buying a house is first about having a wonderful place to live.

But it’s also a huge investment and a hefty portion of our net worth comes from our home equity. As the value of our home increases, so does our equity, thus home ownership can be a great investment.

In addition to the tax benefits, home ownership is a good hedge against inflation. Over most time periods, housing costs grow faster than the rate of inflation.

If you have trouble socking away part of your paycheck in savings, think of your mortgage payment as a contribution to your investment portfolio—one that will appreciate substantially, given current market trends.

According to economics research firm Pulsenomics, home values nationwide are expected to appreciate 4.3% in 2015, with cumulative appreciation of 19.4% by 2019.

That’s probably a conservative estimate for Seattle. Home values in Seattle will most likely grow faster

than the national average. Nationwide, home prices

increased an average of 5% over the last 12 months, but prices in the Seattle metro area increased 7.5%, according to the Standard & Poor’s/Case-Shiller 20-city home price index. Only five cities saw prices increase at a faster pace over the past year than Seattle. San Francisco tops the list, followed by Denver, Dallas, Miami, and Tampa.

If we apply the Pulsenomics forecast to a house in Queen Anne or Magnolia that started 2015 valued at $800,000, the home’s value will rise to $834,400 by the end of this year. By the end of 2019, it would be valued at $955,200. That’s $155,200 growth in net worth over the next five years,

➧ INVESTMENT, Page 2

Outdoor living is a home improvement trend that can’t be ignored. If you

plan to add a deck to your house, remember the design is only one aspect of the planning process. The materials you decide to use can affect the project in numerous ways, from the initial investment to maintenance years from now.

Deciding between wood and composite decking can seem complex. You may have heard composite is superior but costly. You also may have heard that wood is greener yet more susceptible to bugs. Get the facts when it comes ➧ DECK, Page 3

M A D R O N A N E W C O N S T R U C T I O N1 6 0 0 3 1 S T A V E N U E | O F F E R E D A T $ 1 , 4 5 0 , 0 0 0

B R O A D M O O R F A I R W A Y E S T A T E2 1 2 0 W A V E R L Y W A Y E | O F F E R E D A T $ 3 , 8 5 0 , 0 0 0

M A D I S O N P A R K C O N D O M I N I U M2 3 3 0 4 3 R D A V E E # 3 0 2 B | O F F E R E D A T $ 9 9 5 , 0 0 0

MAD I SON HOUSE , L TD . R EAL E S TATE S INCE 1 9 8 1

ANNE WILLOUGHBY NELSON | 206 . 660 . 3055

MEREDITH ERICKSON | 206 . 999 . 8832

B R I N G I N G E X T R A O R D I N A R Y P R O P E R T I E S

A N D P E O P L E T O G E T H E R

Christine Field, REALTOR®ABR, CIPS, CRS

Client Nominated & Awarded Seattle Magazine’s 5 Star Real Estate Broker Annually from 2007-2014.

206.999.0290 | ChristineField@cbbain.com

to wood versus composite so you can make the right choice for your home.

CostBuilding a deck with composite

materials will cost more than virgin wood initially, but not as much as most people think. The substructure is the same cost for either option and the remainder of the project could cost about 25 percent more for composite. That cost, though, is often recouped over time because there is little maintenance required with composites, while maintaining a

wood deck can cost hundreds of dollars each year.

Want to see how the numbers compare? Visit www.epa.gov and check out the EPA’s GreenScapes Tools Excel Decking Cost Calculator and an example that compares the cost of building a new deck with composites versus conventional wood.

MaintenanceLow maintenance is in high

demand for homeowners, and decking is no exception. Wood

Check out the Queen Anne ReAl estAte Section featured the

second week of every month!

Rcphoto | Dreamstime.com - American Craftsman House Photo

B2 June 10, 2015 | www.QueenAnneNews.com

www.morgansonline.com

Ballard/Crown Hill Location:8055 15th Ave NW

206-789-3205

Computer Aided Kitchen and Bath Design Available

Serving Seattle for 34 Years!

Julia Eaton HarfordNMLS #120442 | Loan Originator

A registered trade name of Axia Financial LLC - NMLS ID 27830

Get Startedon the path to homeownership!

phone (206) 818-5576email julia.eaton@axiahomeloans.comWEB juliaeaton.axiahomeloans.com

I look forward to working with you!

Magnolia Home Sales for June 2015Address Bed Bath Sq Ft Year Built Days on Mkt Asking Price Sold Price Asking Price/Sold Price

3222 21st Ave W #A 3 2 1,165 2000 25 $395,000 $393,000 99.49%

3006 31st Ave W 3 1.5 1,250 1945 2 $415,000 $415,000 100.00%

2721 W Jameson St 2 2.25 1,170 2006 6 $425,000 $462,500 108.82%

2119 W Ruffner St 3 3 1,615 2000 1 $499,000 $494,000 99.00%

3453 22 Ave W #B 3 3.25 1,280 2003 5 $450,000 $523,000 116.22%

2140 34th Ave W 2 1.75 1,380 1943 5 $519,000 $534,658 103.02%

3036 31st Ave W #B 3 3.5 1,570 2007 6 $539,000 $547,000 101.48%

2006 28th Ave W 2 1 1,880 1936 12 $599,000 $549,000 91.65%

4201 26th Ave W 3 2 1,600 1950 14 $559,500 $559,000 99.91%

3124 W Raye 3 1.75 2,020 1945 6 $525,000 $561,000 106.86%

2110 W Ruffner St 4 3 1,795 2007 5 $525,000 $587,000 111.81%

3838 29th Ave W 2 1.75 2,520 1946 65 $619,000 $589,000 95.15%

3014 A 21st Ave W 3 2 1,494 2015 2 $599,950 $599,950 100.00%

2615 W Crockett St 3 2 1,780 1941 6 $564,000 $620,000 109.93%

3016 21st Ave W 4 2.5 1,741 2015 2 $659,950 $671,000 101.67%

3018 21st Ave W 3 2 1,686 2015 1 $679,950 $680,000 100.01%

3415 32nd Ave W 3 1.75 2,140 1946 8 $675,000 $680,000 100.74%

3111 W Barrett St 4 1.75 2,060 1955 13 $600,000 $697,500 116.25%

3016 35th Ave W 3 1.75 1,700 1940 7 $639,000 $700,000 109.55%

3229 27th Ave W 2 1 1,430 1938 9 $525,000 $708,000 134.86%

2411 36th Ave W 3 2.5 2,230 1923 197 $799,000 $747,000 93.49%

3403 37th Ave W 4 2 2,620 1949 7 $725,000 $812,000 112.00%

3502 31st Ave W 4 2 2,551 1956 5 $869,000 $872,500 100.40%

2628 30th Ave W 4 2.5 3,048 1938 7 $810,000 $890,000 109.88%

4300 W Ruffner St 4 2 3,066 1939 7 $850,000 $900,000 105.88%

2561 38th Ave W 5 1.75 3,200 1948 20 $999,000 $950,000 95.10%

3747 W Commodore Wy 3 2.5 2,000 1939 73 $850,000 $995,000 117.06%

4347 W McLaren St 3 2.75 2,670 1963 76 $1,250,000 $1,100,000 88.00%

3017 24th Ave W 3 3.5 2,899 2004 26 $1,195,000 $1,150,000 96.23%

3007 W Viewmont Wy W 4 2 3,860 1930 6 $1,175,000 $1,175,000 100.00%

2464 Crestmont Place W 4 2.25 3,140 1937 11 $1,395,000 $1,300,000 93.19%

4121 W Dravus St 4 4 4,210 1988 127 $1,800,000 $1,600,000 88.89%

5454 39th Ave W 4 3.75 3,370 1950 42 $1,795,000 $1,699,000 94.65%

2866 39th Ave W 6 4.5 4,670 2008 110 $1,895,000 $1,795,000 94.72%

2656 W Viewmont Wy W 5 3.25 3,910 1933 10 $1,898,000 $1,999,000 105.32%

2720 W Galer St 7 5.25 8,890 1909 65 $3,300,000 $2,735,000 82.88%

Queen Anne Home Sales for June 2015Address Bed Bath Sq Ft Year Built Days on Mkt Asking Price Sold Price Asking Price/Sold Price

655 W Emerson St #C 3 3.5 1,400 2001 14 $520,000 $511,000 98.27%

2929 Warren Ave N 3 1.75 1,150 1962 96 $649,000 $550,000 84.75%

3442 14th Ave W 3 1.75 2,260 1956 19 $584,950 $560,000 95.73%

1020 Taylor Ave N #B 3 2.25 1,470 2005 4 $599,000 $610,000 101.84%

2418 Queen Anne Ave N 3 1.5 1,410 1906 8 $589,000 $626,700 106.40%

114 W Garfield St 4 1.25 1,770 1908 5 $672,950 $645,000 95.85%

2715 Nob Hill Ave N 2 1 1,980 1923 7 $495,000 $652,000 131.72%

1110 W Raye 3 1 2,300 1916 7 $669,000 $669,000 100.00%

2124 B 11th Ave W 2 2.5 1,618 2015 75 $749,000 $680,000 90.79%

3400 9th Ave W 4 1.75 1,800 1950 6 $649,950 $701,500 107.93%

1914 10th Ave W 3 2.5 1,638 2015 10 $800,000 $802,000 100.25%

619 W Blaine St 3 1.75 1,800 1900 31 $899,000 $819,000 91.10%

1963 11th Ave W 4 1.75 2,280 1936 6 $809,000 $850,000 105.07%

673 W Emerson St 4 3.5 2,750 1901 180 $949,000 $865,000 91.15%

315 W Galer St 2 1.75 2,019 2013 22 $950,000 $935,000 98.42%

2141 8th Ave W 3 3.5 1,720 2010 6 $899,000 $955,000 106.23%

2141 7th Ave W 4 1.75 2,220 1914 5 $820,000 $959,500 117.01%

2544 13th Ave W 5 3.25 2,930 1910 6 $975,000 $975,000 100.00%

2110 9th Ave W 3 3.25 2,370 1926 7 $1,200,000 $1,145,000 95.42%

223 W Crockett St 3 1.5 2,540 1922 5 $989,000 $1,190,000 120.32%

2002 1st Ave N 3 1.5 3,500 1909 6 $1,150,000 $1,205,000 104.78%

115 Aloha St 4 3.5 2,920 1924 11 $1,299,000 $1,300,000 100.08%

411 W Lee 4 2.75 2,670 1913 6 $1,150,000 $1,380,000 120.00%

1826 12th Ave W 5 3.5 3,670 2008 7 $1,499,950 $1,500,000 100.00%

617 Lee St 5 4.25 3,773 1908 10 $1,545,000 $1,545,000 100.00%

3255 11th Ave W 4 2.5 4,210 2010 16 $1,795,000 $1,750,000 97.49%

122 Highland Dr 4 2.75 3,950 1977 8 $2,195,000 $2,350,000 107.06%

information supplied by Northwest Multiple Listing Service

based solely on appreciation.So next time you pay the

mortgage, give yourself a pat on the back. You’re adding to an

investment that shows a promising return.

If you have real estate topic you’d like to hear about, send your questions to kwesselman@windermere.com.

Kim Wesselman is Managing Broker at Windermere Real Estate. She has advised clients on buying and selling properties in Queen Anne and Magnolia for 12 years.

Increasing your net worth➧ INVESTMENT, from Page 1

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Queen anne | magnolia | doWntoWn

Windermere Real Estate/Wall St., Inc.

$50

B3www.Queenannenews.com | June 10, 2015

Sell Your Home

Diana Lull, Real Estate Consultant(206) 229-1669 • realty@nwlink.com

Ask your realtor about advertising in The Madison Park Times.

SELLING?Understand the 5 keys to successfully selling a home, in any market.

BUYING?Select a broker that understands current market conditions,

uses strategies which will ensure your offer stands out among others, and understands your needs and timeline.

WINDERMERE REAL ESTATE/WALL STREET, INC. | 214 W MCGRAW STREET

| 206 409 3705

| robbie@windermere.com

| robbiewaldtradal.com

— Ser ving c l ients in —QUEEN ANNE, MAGNOLIA & SURROUNDING NEIGHBORHOODS

Residential Listing Broker | Accredited Buyers Representative | Relocation Specialist

— Ser ving c l ients in —

Completely rebuilt early century home in perfect condition with commanding Puget Sound views: Repre-senting a once in a lifetime opportunity! Breathtaking main home plus new construction romantic "tower" master suite with wrap around view terrace, great room and 2nd kitchen off of Asian garden with authentic Japanese Tea House. Spacious 3 bay garage. New windows, siding, roof, systems. Ribbon inlay oak fl oors, crown moldings, stunning views, gourmet main kitchen. Extraordinary landscaping including waterfalls, terraces & boulders. Offering Price: $2,495,000

Betsy Q. Terry & Jane Powers206.322.2840

ewingandclark.com | luxuryrealestate.com

812 WEST GALER STREET - QUEEN ANNE HILL

Maintenance may be key➧ DECK, from Page 1

decks require major maintenance every one to two years. Nail pops and splinters are common safety hazards with wood decks, as are cracked, warped and rotted boards that need to be replaced. Plus, wood decks must be refinished every year or two, a project that can cost $450 to $850 per year and take an entire weekend or longer to complete.

Capped composite decking from Fiberon will never splinter, crack or require staining, unlike wood decking. This composite decking is so durable that it comes with the industry’s first stain and fade warranty for up to 25 years. Typical maintenance requires just a few hours a year to clean the surface with a deck brush or power sprayer. Visit www.fiberondecking.com to learn more.

Eco-friendlyMany people believe wood is

a more environmentally friendly option than composite decking. In actuality, the opposite is true. Composites are created from recycled materials and keep waste out of landfills. Fiberon alone prevents more than 50,000 tons of plastic and other waste from ending up in landfills or incinerators every year. Composite decking also saves trees. In addition to using locally sourced plastics, Fiberon composite decking includes wood scraps

It’s a sobering truth of real estate that sellers often have to spend money to make money. Even

if your home is relatively new, you still face costs associated with getting it ready to show, such as repainting interior rooms or hiring professional cleaners and stagers. If your home could use some TLC and updating, spending as little as $5,000 on key upgrades could improve its appeal for buyers - and ensure a speedier sale at a better price.

Here are five upgrades you can make for under than $5,000 to help put your home at the top of every buyer’s must-see list this spring.

1. Upgrade your entryway Replacing an old, dated or worn

entry door can be a cost-effective way to ensure buyers get a good first impression when they walk in your house. Whether you choose a fiberglass, wooden or steel model, installing a new entry door can cost a few thousand dollars, yet the return on investment at the time of resale can be significant. A fiberglass entry door returns about 72 percent of its investment, while a steel door recoups more than 100 percent of its value, according to Remodeling Magazine’s Cost vs. Value report.

Enhance your new door with attractive plantings, fresh paint and clean windows around the entryway to create a memorable, attractive entry for just a few thousand dollars.

2. Increase natural light More buyers are becoming aware

of the mood- and productivity-enhancing benefits of natural light, and homes with big, bright windows have always been in demand. Adding windows to a room can be a costly, time-consuming affair. Not so with adding a skylight. For well under $5,000 and in just a day or two, a professional can install an Energy Star qualified, solar powered no-leak fresh-air skylight, like those from Velux America. Professional

installation costs nationally ranges from around $900 to $2,325, with an average of $1,400, according to HomeAdvisor.com.

The low installation cost will leave you plenty of budget to enhance the skylight upgrade even further with energy efficiency-boosting solar-powered blinds. The skylight and blinds are operated by remote control and the blinds are available in designer colors and patterns to enhance your décor. The products, as well as installation costs, are eligible for a 30 percent federal tax credit to further reduce the cost of the improvement.

The most popular rooms in the home for fresh air skylights are baths, where they provide privacy in addition to natural light, and kitchens, where they vent cooking odors and humidity naturally while brightening this much-used workspace. Visit www.veluxusa.com to learn more.

3. Beautify a master bathroom Bathrooms and kitchens sell

homes. Making a few cosmetic upgrades to even a small master bath can help increase a home’s appeal and value. For less than

$5,000 you can easily repaint, upgrade faucets, replace old cabinet hardware and add decorative touches like designer towels.

If you’ve already done all that, take a look at the floor or countertops - two cost-effective upgrades that can wow buyers. Since counters don’t make up that much square footage in most bathrooms, replacing them with granite can cost just a couple thousand dollars. Tile flooring is also a relatively inexpensive way to improve a bathroom’s look and usability.

4. Heat things up in the kitchen

Kitchen remodels can offer high ROI for sellers, but a full remodel may be outside your budget. If you’ve already done the obvious - like repainting and decluttering - it’s time to look for a few more cost-effective improvements that will appeal to buyers.

Just as in the bathroom, swapping old faucets and cabinet hardware with new designer options can enhance the appeal of a kitchen. Shabby, outdated appliances can hinder a speedy sale,

5 upgrades for under $5,000 to put your home at the top of every buyer’s list

so consider replacing them with new ones. You don’t necessarily need to install top-of-the-line, high-priced appliances to make a good impression, either. Newer, Energy Star qualified appliances represent savings for buyers down the road.

5. Lavish landscapingNo single aspect of your

home has a greater impact on a buyer’s first impression than the landscaping. A great front yard sets the tone for the rest of the home, appealing to buyers on a number of levels, including beauty, practicality and savings.

With $5,000, you can

accomplish a lot in terms of landscaping. You can sod a small front yard, add decorative planting beds to a lush lawn, or even install shade trees that will both beautify the yard and enhance the home’s energy efficiency in summer. Decorative concrete stamping of walkways and driveways is another cost-effective way to improve a home’s curb appeal.

Whether it’s a buyer’s market or a seller’s market, no one wants to see their home linger long before selling. A few simple upgrades can help ensure your home gets plenty of attention this spring selling season.

(BPT)

acquired from nearby cabinet and door manufacturers.

Furthermore, just because it’s wood doesn’t mean it doesn’t contain chemicals. In fact, most wood lumber is pressure-treated with different chemicals to boost its integrity and make it last longer. Additionally, because wood is susceptible to bugs like termites, you might need to treat the space to prevent infestation. Termites, of course, are not a concern with composite decking.

AppearanceWood is undeniably beautiful

and always blends nicely with the natural elements of the outdoors. But thanks to advanced technology, composites mimic real wood so closely that often you can’t tell the difference. This is particularly beneficial if you want the look of an exotic species without the upkeep. Today, capped composite technology allows for realistic wood coloring and embossed grain patterns.

Bottom lineWhen planning a new deck,

don’t forget the impact your material choice will have on the project. Get the facts and make the right decision so you can enjoy your outdoor spaces to the fullest.

(BPT)

B4 June 10, 2015 | www.QueenAnneNews.comMU Back Queen Anne Magnolia 060315.pdf 6/3/2015 11:38:22 AM