Team Reba Real Estate

Open House this Saturday, March 6th from 1 - 4 pm!!!

Filed under: South Park, single family, FHA/VA, gardening, King County, NWMLS, buyer, Seattle, open house, seller — Reba Haas @ 11:39 am

$259,000 - Updated South Park Bungalow

Location: South Park

Wonderful Move-in-Ready South Park Bungalow with loads of charm and character! Traditional living and dining rooms with leaded glass pocket doors and bay window seating. Recently updated systems -electrical, copper plumbing, furnace, roof, & vinyl double pane windows. Efficient home - warm and cozy and ready to move in! Sparkling clean - new paint & carpet - updated kitchen and bath. Convenient location just blocks to Marra Farm community gardens, new library, community center, parks, and restaurants.

Contact Information

Robin TomazicRobin@TeamReba.com

206-799-9277

Pricing

Price: $259,000

Property Location

811 S Donovan StSeattle, WA 98108View Map

Links

Check out all of the photos here!

Features

Bedrooms: 2	Bathrooms: 1
Parking Spaces: 1+	Year Built: 1904
Lot Size: 6000	Garage Size: 1
School District: Seattle	Square Footage: 1060
Agent Name: Robin Tomazic/Team Reba	Broker: RE/MAX Metro Eastside
MLS #: 29116302

Attributes

Appliances

Range/Oven

Full Refrigerator

Dishwasher

Interior Amenities

Attic

updated wiring

updated plumbing

wall-to-wall carpet

wood laminate flooring

Exterior Amenities

Fenced Yard

Grass Lawn

alley access

veggie garden

fruit trees

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Equal Housing Opportunity

VFLYER ID: 2713910

Photo Gallery

All information in this site is deemed reliable but is not guaranteed and is subject to change

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Opportunity in South Park

Filed under: single family, FHA/VA, vacant land, South Park, King County, buyer, Seattle, NWMLS, seller — Reba Haas @ 12:13 pm

$53,888 - Fantastic Development or Custom Home Opportunity

Location: South Park

Tremendous potential in South Park neighborhood with these 3 side-by-side lots all on one tax parcel for a total of 9,000 square feet. Residential street (SF 5000) with urban overlay to allow higher density PUD/Townhomes or either detached single family homes. Lots of possibilities on a quiet street near parks, new library, elementary school. Utilities are available in street. Additional properties available to create a larger purchase package for redevelopment. Contact listing agent for details.

Contact Information

My Pic Association Logo

Robin Tomazic

Robin@TeamReba.com

206-799-9277

Pricing

Price: $53,888

Property Location

528 S Concord St

Seattle, WA 98108

View Map

Features

Acreage: .207	Sewerage: In Street
Water: In Street	Subdivision: South Park
School District: Seattle	Agent Name: Robin Tomazic
Broker: RE/MAX Metro Realty Inc.	MLS #: 22824

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Equal Housing Opportunity

VFLYER ID: 3132709

Photo Gallery

All information in this site is deemed reliable but is not guaranteed and is subject to change

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King County reports upcoming 4-day closure info on South Park bridge starting Jan 30, 2010. Plan accordingly!

Filed under: South Park, Tukwila, Georgetown, safety issues, King County, transit, buyer, Puget Sound, West Seattle, Washington — Reba Haas @ 3:55 pm

January 25, 2010, King County Road Closure Update

Released: Jan 25 2010 10:53AM

The King County Road Service Division will close the South Park Bridge spanning the Duwamish River to both vehicle and marine traffic from 7 a.m. – 7 p.m. daily Saturday Jan. 30 through Tuesday, Feb. 2. The four-day closure will allow engineers to perform noise and water quality testing and simulate vibration that might occur during bridge construction. During the closure, engineers will conduct pile driving to measure noise, vibration and take water quality samples. Data collected during the tests will assist the county in planning for construction of a new bridge when financing becomes available. During the closure, motorists can detour via the First Avenue South Bridge. This alert will be updated as conditions change and can be found at this link: www.rpin.org.

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Who knew my past retail furniture experience would be so useful in real estate?

Filed under: staging, King County, South Park, single family, real estate, Puget Sound, seller, buyer, Seattle, Washington — Reba Haas @ 2:01 pm

At the early part of my career, I used to manage 3 stores and a warehouse for a locally owned children’s furniture store called Kid’s Quarters. While the store is no longer in business in the Seattle area, the experience I gained in merchandising has stayed with me and for the past 6 years has been useful in my real estate business but now re-titled “staging”.

We’ve had a philosophy of providing Concierge Services ever since Team Reba decided to put a focus on listing properties and one of the services we provide to all of our clients, no matter the price point, is staging. We also provide professional photography on each listing as well so that our online and print advertising of any home is top notch.

A good case in point would be a recent 1bd/1ba house in South Park that my colleague, Robin Tomazic, just put on market. The house by itself was not much to look at as the owner made it overly beige and bland. But we added a few things to give it depth, color and a hint as to what a new owner could do with it and we’ve had strong activity in showings and buyer activity - enough to get a cash offer submitted as of today. This house is listed just under $150,000 in Seattle so you can see that price point is not high (for our area at least).

516 S Concord Seattle exterior

We’ve got another redesign of our own coming up soon in the Ballard/Phinney Ridge area soon so I hope to post some “before” and “after” photos of that when it’s done. For anyone interested in working with us on a home sale, please feel free to contact us and ask for more information on these services.

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More details to keep you on track for the 1st time homebuyer tax credit of 2009

Filed under: title/escrow, King County, South Park, Central District, Madison, Phinney Ridge, market activity, Beacon Hill, townhouse, Kirkland, Tukwila, Auburn, Kenmore, Kent, Issaquah, single family, FHA/VA, Conventional loans, Greenlake, Ballard, Bellevue, Puget Sound, mortgage/loan, Seattle, buyer, legal issues, economic issues, seller, Bryn Mawr, Lakeridge, real estate, Renton, tax issues, condo, West Seattle, disclosure, Redmond, Washington — Reba Haas @ 12:54 pm

A couple of days ago, I wrote an article that highlighted issues in King County, WA regarding closings in November 2009 that could impact a buyer’s ability to get the $8,000 tax credit for 1st time buyers. More news is coming out that impacts this as well and buyers should be prepared that lenders are wary of the volume that will hit at the end of this month as well and they’re putting up barriers for any legal action that may come from a rush of paperwork and deadlines culminating at the end of the month during one of our Nation’s biggest holidays.

See below for a warning sent out by one of my lending contacts with regard to news they’re being given of banks trying to reduce liability for missing the deadline. Be sure to be talking to your lender about their policies and volume that is expected for this month. The last day of the month is a Monday:

One major lender has reminded us that, for the purposes of the tax credit, the purchase date is the date when closing occurs and the title to the property transfers to the homeowner. This must take place before December 1, 2009. This lender is also suggesting that a disclaimer be signed absolving them of any liability should the mortgage loan not get closed in time for the credit. There is a movement to extend the deadline at least 6 months, and even to drop the first time buyer requirement. Who knows what the future of that is. Good Luck Jerry Rutherford Professional Mortgage, Inc.
22659 Pacific Hwy So Suite 101
Des Moines, WA 98198
Phone: (206) 870-5050 Cell: (206) 356-1711
Toll Free: 1-800 764-5626 Fax: (206) 870-5051
Email: jrutherford@pmiloans.com
www.pmiloans.com
WA Lic. # 510-LO-35158

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Furlough days for King County Recorder’s Office to affect November sales and possibly your opportunity for $8,000 1st-time homebuyer credits. Be prepared in your offer!

Filed under: King County, South Park, townhouse, title/escrow, Central District, Beacon Hill, Madison, Kirkland, single family, Kent, Tukwila, Auburn, Woodinville, Issaquah, FHA/VA, Conventional loans, Phinney Ridge, Greenlake, Bellevue, Puget Sound, mortgage/loan, Seattle, buyer, economic issues, seller, Bryn Mawr, Lakeridge, Renton, tax issues, Ballard, real estate, condo, Redmond, West Seattle, Washington — Reba Haas @ 12:16 pm

Many people know that local governments and municipalities have been cash strapped and have implemented budget cuts in various departments as of late, but not everyone who is in the process of home shopping realizes that this could impact them directly. In King County, there were forced furlough days implemented throughout the 2009 calendar year so all cities lying within this county area will be affected. See the note below that I received from a local title & escrow firm to know which dates in November and December are affected. The 28th and 29th of November are on a weekend, when NO closings can occur anyway so don’t schedule yours for the 30th thinking that there will be plenty of time. As a first time home buyer you might find yourself out of luck with the $8,000 tax credit if you miss the timing and have your sale bumped past the November 30th cut-off date for that benefit.

Many people are expecting a last minute rush of activity this week for those that are hoping to utilize the tax credit as it usually takes 30-45 days to get through the underwriting process for lending so most contracts are written to close within that period of time. The next week or two will be interesting for everyone involved in the real estate and lending industry as we wait to see what buyers will do. If you’re in that camp of people trying to take advantage of the credit, then you better get crackin’ this weekend and narrow down your choices fast.

We also wanted to provide you a reminder that the King County Courthouse has scheduled the following furlough days and holidays between now and the end of the year. These courthouse closures will impact your closing date selection as well. King County Furlough Days and Holidays

November 11th, 25th, 26th and 27th.

December 24th and 25th

Comments (1)

Seller's be aware of FHA/VA lending requirements for septic if you've got sewer connection available

Filed under: Snohomish County, Pierce County, King County, title/escrow, South Park, Lynnwood, Conventional loans, FHA/VA, single family, Kirkland, NWMLS, Renton, Puget Sound, Seattle, buyer, seller, short sale, foreclosure, real estate, Redmond, mortgage/loan, legal issues — Reba Haas @ 9:29 am

“Agents:
If you have a listing where the property is hooked up to septic, but sewer is now available then the following rule applies for FHA/Va financing: The connection must be made to a public water/sewer system or a community water/sewer system, if connection costs to the public or community system are reasonable. Reasonable is defined by 3% or less of the estimated value of the property. If the connection costs exceed 3%, then the existing on-site systems will be acceptable provided they are functioning properly and meet the requirements of the local health department.

On Coventional loans, there is no requirement to hook up to the community sewer system.”

We received this message from a local lender regarding properties on septic being REQUIRED to connect to local sewer systems, if a system is available. There are certain areas of King, Snohomish, and Pierce County where this may affect your sale. I can think offhand of areas in or near Kirkland’s Rose Hill, Bridle Trails, and Juanita neighborhoods that would likely fit this description and requirement.

So, why is it a big deal? A few reasons…

1. Hooking up to sewer usually means higher fees for the homeowner because there is the connection fee.

2. Plus, King County has a 15 year assessment worth a few thousand bucks for any new home connecting to the Metro sewer system. It would need to be researched to confirm if the 15 year fee applies, but I’m guessing it would be. I’ll check with Michelle Britt the gal that works at King County in this department and report back later with a confirmation.

3. Sewage fees typically run much higher in cost than septic, plus they are ongoing monthly fees while septic has most of its costs associated with occasional inspections, pumping, and repairs. If you’re not a heavy water user, and especially if you have a gravity system rather than a pump system in your septic design then it’s pretty low cost overall.

Other considerations…

1. If you’re a seller who is house rich and cash poor - this could mean anyone in financial hardship or elderly on fixed incomes, you may not have the money to make the connection.

2. That may mean that a buyer has to take on this risk in a transaction which may be unlikely unless they feel they’re getting a “deal” on the home itself (read, lower sale price).

3. If you need to try and sell quickly, or you didn’t know about this in advance of trying to sell and move out of area, it could derail or complicate your plans because of the time needed to get it completed.

When you think about the fact that home sales aren’t always done because of good circumstances, having this be a requirement when selling can make it a hardship on some. The fact that FHA is a strong percentage of the loans being financed today means it will also affect some sales negatively. Anyone with less than 20% down is currently getting directed toward FHA loans, and VA loans are picking up with more and more people going to, and coming back from, military action overseas.

Finally, when you think of 3% as property value - consider the housing prices we have here in the Seattle/Bellevue metro area. Just in those Kirkland neighborhoods alone these are the sales stats on 184 properties that met septic and sewer available notation in the NWMLS since January 2007 using the following parameters:

Property Type  Residential    City  Kirkland
Statuses  Active, Contingent, Pending BU Requested (2/21/2009 or after) , Pending Inspection (2/21/2009 or after) , Pending (2/21/2009 or after) , Sold (1/1/2007 or after)
Sewer  Sewer Available OR Septic

Quick Stats - Averages

Listing $

SqFt

Listing Pr/SqFt

CDOM

Sale $

Selling Pr/SqFt

If 3% is the “reasonable” test for requiring the change, then the cost be upwards of $20,000 based on the average sale price and a seller would be required to pay for it. Ouch!

If you are a seller who will be impacted by this lending requirement, then be sure to discuss it with your agent and do your homework in advance of going on market. FHA max JUMBO loan guidelines have $567,500 as their top loan value so if you’re priced under $709,375 this could apply to you.

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Open houses planned for newest South Park listing on 8/16 and 8/23

Filed under: Fair Housing, local events & places, market activity, remodel, South Park, King County, real estate, West Seattle, buyer, seller, Seattle, Puget Sound, open house, Washington — Reba Haas @ 2:32 pm

Robin Tomazic will be holding open her new listing in South Park from 1-3:30pm on Sunday, August 16th and also on Sunday, August 23 from 1-4pm. If you get a chance and can swing by to see this remodeled little gem of a place, please do!

Details: 527 S Concord St, Seattle

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Awesome updated 2bd/1ba updated bungalow in Seattle’s South Park neighborhood

Filed under: market activity, remodel, King County, South Park, real estate, West Seattle, seller, buyer, Seattle, Puget Sound, Washington — Reba Haas @ 12:32 pm

Photo Gallery

Description

Sweet little updated bungalow on quiet residential road just blocks from local South Park area elementary school and library. New metal roof, high efficiency gas furnace and gas water heater. Updated wiring and plumbing, plus fresh paint make this home move-in ready! Home features 2 bedrooms + office/den, a large eat-in kitchen, remodeled bath with Italian stone floor and ceramic tile. Sliding glass door accesses the covered area (add in a paver patio?) within the gorgeous fenced back yard. Looking to “eat more local?” Enjoy the veggie garden and fruit trees for home grown add-ins to meals and snacks. Convenient alley access plus an extra large detached 1-car garage for storage. Relax and enjoy!

Features

Bedrooms:	2
Bathrooms:	1
Parking Spaces:	2+
Year Built:	1948
Lot Size:	7200
Garage Size:	1
School District:	Seattle
Square Footage:	860
Agent Name:	Robin Tomazic/Team Reba
Broker:	RE/MAX Metro Eastside
MLS #:	29116302

Location

527 S Concord St Seattle WA 98108

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vFlyer Id: 2713910

Comments (1)

Rental opportunity: $800 mo. / 1br - Duplex with Privacy & Yard in South Park

Filed under: real estate, Fair Housing, King County, South Park, tenant, landlord, rental, Washington, Seattle, Puget Sound, property management — Reba Haas @ 11:52 am

Duplex with Privacy & Yard

Bring your kayak!! Drop in just blocks away at riverfront park!
Great one bedroom unit in side-by-side duplex in riverfront South Park neighborhood. This unit is recently renovated with laminate wood flooring, fresh paint, and new high efficiency windows. Gas heat & low utility bills. Full size washer and dryer in unit. Private entrance and fully fenced yard with storage shed plus room for small garden or pets. Located on quiet dead end street behind community center and park. Blocks from new library, restaurants, and waterfront park.

Close to I-5, 599, 99 and other Seattle commuting options. Easy trip to SeaTac airport.

Pets ok with reference and deposit
Landlord pays water/sewer/garbage.
$800.00 month
Credit/Criminal check/application fee $35.00
$800.00 deposit required for move in.
No Smoking.
Email us or call Daniel @ (206)851-4220

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Team Reba Real Estate

March 3, 2010

Open House this Saturday, March 6th from 1 - 4 pm!!!

March 1, 2010

Opportunity in South Park

January 25, 2010

King County reports upcoming 4-day closure info on South Park bridge starting Jan 30, 2010. Plan accordingly!

October 21, 2009

Who knew my past retail furniture experience would be so useful in real estate?

October 20, 2009

More details to keep you on track for the 1st time homebuyer tax credit of 2009

October 16, 2009

Furlough days for King County Recorder’s Office to affect November sales and possibly your opportunity for $8,000 1st-time homebuyer credits. Be prepared in your offer!

August 20, 2009

Seller's be aware of FHA/VA lending requirements for septic if you've got sewer connection available

August 15, 2009

Open houses planned for newest South Park listing on 8/16 and 8/23

August 14, 2009

Awesome updated 2bd/1ba updated bungalow in Seattle’s South Park neighborhood

August 1, 2009

Rental opportunity: $800 mo. / 1br - Duplex with Privacy & Yard in South Park

Duplex with Privacy & Yard

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