PENDING | MATTHEWS BEACH CUSTOM VIEW HOME

The Stats

9736 49th Avenue Northeast 
Seattle, WA 98115
4 Bedrooms | 2.75 Bathrooms
3,860 sq ft*
Listed at $1,990,000

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WELCOME TO MATTHEWS BEACH.

Welcome to your dream home near Matthews Beach and the Burke-Gilman Trail! This custom beauty offers stunning lake and mountain views, soaring ceilings, and Frank Lloyd Wright-inspired design touches. Main floor features wideplank engineered hardwoods, light-filled living spaces, a spacious primary suite with five-piece bath, walk-in closet, and French doors to view deck. The daylight basement has a separate entrance, is plumbed for second kitchen and laundry, and features a large family room with fireplace—perfect for guests or rental potential. Rare 3 car garage. With flexible spaces for entertaining, remote work, or multigenerational living, this home has it all.

HIGHLIGHTS

• Primary suite with 5 pc bath, walk in closet & access to deck

• Chef's kitchen with separate grill, induction cooktop, island and breakfast nook

• Entertainment bar off of kitchen with 3 tap beverage center

• Statement double-sided fireplace

• Formal dining area

• Large, main floor utility room with buit in cabinets

• Rare, garage parking for 3 cars w/ additional off-street parking

• Entertainment view deck with underdeck ceiling

• Large media room with access to covered deck & hot tub

• Second primary suite with walk in closet & updated bath

• Flex room for crafting, work out room, office space

• New carpet

• New interior & exterior paint

• Plumbed and wired for lower floor kitchen and laundry

• New Metal Roof (2023)

• New Heat Pump (11/2024)

• Nestled on a quiet dead end street

• Walk to Matthew's Beach, Burke Gillman

 

NEARBY AMENITIES

Explore the Best of Nature and Recreation Right in Your Backyard

Whether you're looking to enjoy a quiet walk, take a dip in the lake, or simply relax with family and friends, you're just minutes away from some of the best parks and trails in the Seattle area. Here are three local gems that bring the outdoors right to your doorstep:

 Matthews Beach Park

Just a short stroll down the trail from the south end of 49th Ave NE, Matthews Beach Park offers 22 acres of scenic waterfront access on Lake Washington. This beloved neighborhood park has something for everyone: 

• Swimming beach with a lifeguard on duty during summer months

• Kayak and SUP launch area just south of the swim beach

• Hiking trails, picnic spots, and a playground

• Basketball court for a quick game with friends

• Home to the annual Polar Bear Plunge every New Year’s Day

• A featured stop on the Argosy Christmas Ship Festival during the holiday

Whether you're taking a dip in the lake, enjoying a sunny afternoon with the kids, or joining neighbors for the festive Polar Bear Plunge, Matthews Beach is a local treasure you’ll love year-round.

 Burke-Gilman Trail

Easily accessed right from the neighborhood, the Burke-Gilman Trail is a premier recreational path stretching nearly 20 miles. It winds its way from Golden Gardens Park in Ballard all the way to Blyth Park in Bothell, following the scenic Lake Washington shoreline and Ship Canal. Ideal for walkers, runners, cyclists, skaters, and commuters alike, this paved trail offers a beautiful, tree-lined escape whether you’re heading out for a morning jog or an all-day adventure.

Magnuson Park

A bit farther south but easily accessed from the Burke Gilman, it's absolutely worth the trip. Magnuson Park is one of Seattle’s largest and most dynamic green spaces. Located just north of Sand Point, this park blends recreation, culture, and community with over 350 acres to explore. Highlights include: 

• Tennis Center at Sand Point for year-round play

• A seasonal 9-hole mini golf course for family fun 

• Magnuson Brewery with a spacious deck, pub fare, and refreshing local brews 

• Swimming beach and Kite Hill—perfect for a day outdoors 

• A large off-leash dog park for your four-legged friend 

• Sail Sand Point, where you can rent kayaks, SUP boards, and even sailboats 

• Free outdoor movie nights under the stars in the summer 

• Miles of trails for walking, biking, and skating

From lakeside relaxation to invigorating trails and fun-filled events, these parks offer endless ways to stay active, connect with nature, and enjoy community life—all just moments from home.

**Buyer to verify all information

SCHEDULE A SHOWING

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SOLD | Firgrove Manor Rambler, Puyallup

The Stats

15509 100th Ave East

3 bedroom | 1.75 bath

1464 sq ft* + sun room

Sold at $530,000

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WELCOME TO FIRGROVE MANOR.

Move-in Ready Rambler on a Rare 13,500 sq ft lot! Updates throughout, this 3-bedroom, 1.75 bath has a fully fenced backyard. Private oasis with mature landscaping, raised garden beds, sprinkler system, newer greenhouse, and a storage shed. Inside, kitchen flows seamlessly into family room, where sliding doors lead to a bright bonus/sunroom. The separate living room features a new gas fireplace, while the dining room boasts built-in cabinets for extra storage. Recent updates include newer water heater, furnace, heat pump, updated bathrooms, fresh interior paint, and new LVP flooring, freshly poured concrete driveway & side patio. Spacious primary suite with ¾ bath. Abundant storage. Minutes from shopping, including Amazon Go, restaurants, library, medical and more.

 HIGHLIGHTS

• Primary suite with 3/4 bath

• New gas fireplace in 2022

• New furnace & heat pump in 2020

• Kitchen opens onto family room

• Sunroom / flexroom

• Abundant storage

• Newly renovated 3/4 bath with easy access walk in shower in 2022

• New LVP flooring in 2022

• New concrete driveway 

• Fully fenced backyard features greenhouse, new shed and fruit trees. 

• Sunrise Village literally minutes away- Target, restaurants, coffee shop, gym & more

• Taxes $5319 for 2025 per PCR

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NEARBY AMENITIES

Amazon Go

Target

Sunrise Village

South Hill Library

Bob’s Burgers

LA Fitness

Homegoods

The Original Pancake House

Fred Meyer

**Buyer to verify all information

SCHEDULE A SHOWING

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SOLD | Broadview Mid-Century

THE STATS

12702 9th Ave NW | Seattle

4 Bedrooms | 4 Bathrooms

3,220 sqft + 12,471 sqft lot

Listed at $1,900,000 | Sold at $2,070,000

Own a Piece of Mid-Century History

This General Electric “New World Home” -a first of it's kind collaboration by local builder Harold Larsen & General Electric. Enjoy unobstructed, protected Puget Sound views & Arboretum-like gardens from this amazing Mid-Century gem.

THE PROPERTY

This lovely home is situated on a large corner lot in the coveted Broadview neighborhood with protected and unobstructed views. The front and back gardens with wandering paths are reminiscent of the Arboretum. The outdoor spaces provide a blend of commanding views and a private oasis, complete with mature land-scaping, garden beds and a sprinkler system.

MAIN FLOOR

The main floor living area is thoughtfully designed to create an open flow while capturing the breathtaking Sound views. At the heart of the main floor is the stunning gas fireplace that can be enjoyed whether you are in the remodeled kitchen or relaxing in the living room. Gleaming oak floors, powder room, access to both the private back patio and front view deck, and a wall of windows, round out this classic Mid-Century space.
Also on the main floor are 3 bedrooms. An en-suite 3/4 bath and french doors to the private patio are the defining features of the largest bedroom. The seller also plumbed this room for a washer and dryer for single level living. The second bedroom features two sizeable closets and gleaming hardwood floors. The third bedroom looks out onto an enclosed patio and lovely view of the Puget Sound and Olympic Mountains. It could serve as a spectacular office with its private entrance. The remodeled five-piece bathroom has a luxurious soaking tub, custom tiled shower and heated floors.

LOWER FLOOR

The possibilities are endless with this spacious lower level. It features large family room with brick wood-burning fireplace, a 4th bedroom with an abundance of closet space, a 3/4 bathroom, a laundry room with utility sink, and direct access to the oversized 2-car garage with enclosed storage and work area.

FEATURES

• Double-pane windows

• New furnace & air conditioner

• Remodeled 5-piece bathroom

• Large laundry room

• Abundant storage

• Extra laundry plumbing on the main floor

• Detached 1-car garage

• Attached 2-car garage

• Sprinkler System

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THE HISTORY

In 1952, local builder, Harold L. Larsen collaborated with General Electric and architect Hamilton Eckert, to build a home to showcase their “New World Home”.

Harold and his wife intended to help find the perfect owners of this new home, but instead fell in love with it themselves. They chose to live there until the second owner purchased it in 2001.

Now is your opportunity to be the third owner of this spectacular home.

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SCHEDULE A SHOWING

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SOLD | Greenwood Condominium

The Stats

10744 Greenwood Ave N #101

2 bedroom | 1.75 bath

1,039 sq ft*

Listed at $405,000 | Sold at $405,000

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WELCOME TO GREENWOOD

Spacious, thoughtfully designed floor plan with updates throughout. Centrally located, just minutes from vibrant Greenwood restaurants and shopping, light rail, I-5, Highway 99, and Puget Sound access at Carkeek Park.

HIGHLIGHTS

• 2 bedrooms / 1.75 baths

• 1,039 sq ft

• Abundant storage throughout

• Freshly painted

• New Berber carpet

• New luxury vinyl plank flooring

• Newly renovated kitchen with custom cabinets, pantry, granite countertops, and stainless steel appliances

• En-suite primary bedroom

• Spacious second bedroom

• Large, open living and dining room

• Private covered patio opens onto greenspace

• Full-size front-loading washer and dryer

• Ground-floor unit with no stairs

• Secured building with elevator and intercom access

• Assigned secure garage parking

• Pet-friendly

• HOA dues: $550 (includes sewer, garbage, recycling, and building maintenance)

• Taxes: $4,019 (KCR)

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SCHEDULE A SHOWING

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Dog Days of Summer 2024

Oh hello! Check out Ollie dog up there, being all regal. He’s officially ushering in these last few weeks of summer.

So, you’re looking for some ideas to really ring that Summer bell before it ends, right? Here are some places and quintessential activities I recommend:

Take in a Beach

This article from Curiosity provides a great list of 13 beautiful beaches around the area. I’ve listed them below (and each are linked if you click them),, but you can learn little bits about each here, and pick a few that strike your fancy:

https://curiocity.com/13-of-the-absolute-best-beaches-you-can-find-in-and-around-seattle/

Green Lake Park

Discovery Park

Golden Gardens Park

Carkeek Park

Chism Beach Park

Lincoln Park

Andover Place

Denny-Blaine Park

Howell Park

Alki Beach

Olympic Sculpture Park

Madison Park Beach

Magnuson Park

Mt Baker Beach

Matthews Beach Park

ENJOY A FERRY RIDE

The Washington State ferry system is a quintessential Pacific Northwest experience. It’s calm, serene, salty, and makes you forget it’s an actual form of transportation. Pick a route that sounds intriguing and discover the San Juan Islands or zip over to Whidbey to feel like you’re far, far away from the city for a day trip.

https://wsdot.wa.gov/travel/washington-state-ferries

GO OLD-SCHOOL AT A DRIVE-IN MOVIE

The BECU Drive-in Movies at Marymoor Park are back for 2024 and have a fantastic line-up through August 25th. Load up the car and join your friends at the Seattle area’s best drive-in movie theater. Sit in you car or sit outside, picnic with your friends, enjoy the food trucks!

https://www.epiceap.com/movies-at-marymoor/

PADDLE A LAKE

A day on the lake is such a zen experience. Those paddles cutting through the water, perhaps a cold beverage in the bottom of the boat, and SO much to look at. I’ve seen frogs on lilypads, explored unfinished freeways over by UW, and felt a good burn in my shoulders at the end of the trip. There are lots of options around here for an easy paddle.

https://aguaverdepaddleclub.com

https://greenlakeboathouse.com

https://www.ballardkayak.com

https://www.mossbay.com

SHOP A FARMER’S MARKET

Truly, pick a day of the week and you can find some farmer’s market to seek out. From West Seattle on Sundays up to Edmonds on Saturdays, east to the new market in Kenmore on Wednesdays - you can get all your shopping done from local vendors and get yourself a treat (fresh pretzel anyone?) while you’re at it. Support your community and have fun doing it!

https://seattlefarmersmarkets.org

HIKE IN-CITY

You don’t have to head all the way to Tiger Mountain to get some good steps in. We have some great in-city hiking retreats that give you a great work-out experience while also giving you lots of good fodder for meditation, tandem friend walks, or stroller strides.

Discovery Park

https://www.alltrails.com/parks/us/washington/discovery-park

https://www.seattle.gov/parks/find/parks/discovery-park

Seward Park

https://www.seattle.gov/parks/find/parks/seward-park

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So now you have a few options of things to do when the kids say “I’m booooorrreeeed” or you just need a little escape from daily life. I’m always here if you have any real estate questions, or even need a buddy for an adventure!

SOLD | Victory Heights Mid-Century

THE STATS

10417 23rd Ave NE | Seattle, WA 98125

3 Bedrooms | 2 Bathrooms with showers

2,140 sq ft | 7,177 sq ft lot

Listed at $935,000

WELCOME TO VICTORY HEIGHTS IN NORTH SEATTLE.

Meticulous Mid-Century home tucked away in coveted Victory Heights. Almost every room in the flexible floor plan of this home captures views of the incredibly private and peaceful gardens.

the MAIN FLOOR welcomes you with a walk-in coat closet and a large living room featuring a remote-controlled gas fireplace. The wall of floor-to-ceiling windows that extends the east side of the home overlooks the flagstone patio and private landscaped front yard. A lovely dining room and an open, remodeled chef’s kitchen with two ovens and thoughtfully designed storage, also look out through large garden windows. There are 2 sizable bedrooms with red oak under the carpet, and a phenomenal bonus room with open beam ceilings and continuous windows that overlook the private back gardens. A remodeled 3/4 bathroom rounds out this sprawling main floor.

the LOWER FLOOR, once used as an art studio and private practice, is now utilized as a guest suite. Use your imagination with this flexible space. It features a family room, laundry area, workshop, ample storage, a 3rd bedroom with a gas fireplace, and a 3/4 bathroom.

the GARDENS are a work of art. The incredibly serene and private yards were transformed over six years into a Backyard Wildlife Sanctuary. This is a certifiable program developed by the Washington Department of Fish and Wildlife (currently called Habitat at Home), which encourages homeowners to connect more directly with nature.

The important features of this program include providing wildlife with food, water, shelter, and space. These are the features we have worked to develop here. Many of the plants are a food source for both animals and insects. The fountain attracts birds for bathing and drinking and insects such as mud wasps that gather droplets of water for nest building. The larger evergreens and bushes offer rest and shelter for birds, rabbits, and squirrels, as well as cover and protection for nesting.

Most of the mature plantings adapt well to both rainfall and drought conditions. Additional watering and sprinkling are rarely necessary. From Japanese Maples to giant Peony bushes, each plant was intentionally chosen to thrive in its specific area and create privacy and ambiance both inside and outside the home.

Garden vegetables are planted seasonally in open areas of the garden and in raised beds.

Flagstone paths and patios, a bubbling fountain, a cedar garden shed, and a private hot tub from which to enjoy the garden, round out this lovely oasis.

Wildlife Sanctuary LINK: https://wdfw.wa.gov/species-habitats/living/habitat-at-home/wildlife-yards

Welcome home.

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RECENT UPDATES AND AMENITIES

• Room off garage remodeled w/ sheet rock, tile floor, new windows, forced heating, new screen door

• Carpet removed in living, dining, hallway areas exposing red oak floors

• Kitchen remodeled in 2002, 2010 (converted to gas range) and again in 2012

• Newer appliances (fridge, dishwasher) installed 2020

• Hall closet at front door entrance expanded, sheet rocked, ceiling light fixtures and tiled

• Main bathroom remodel: walk in shower, tile floor, new toilet, tile sink counter, lighting, ceiling fan

• 2 bedrooms main floor, carpeted, all new windows

• Basement completely remodeled and finished including new carpeting, linoleum floor, milgard windows, basement bathroom fixtures and toilet and sink upgraded, and remodeled shower

• Added basement workbench area off the furnace

• Both fireplaces converted to gas with remotes which allows for use if electricity goes out

• Upstairs fireplace hearth retiled

• Ceiling fans added to living room, dining and both bedrooms

• Installed solid oak French doors leading into the room off the garage

• Furnace and hot water heater converted to gas in 2009

• Installed wooden fence along the southern border of the property and planted living fences along the south, west and northeast borders

• Hot tub installed in 2009 including electrical upgrades

• Roof replaced in 1996 and in 2014 with additional roof/eave guard for prevention of pests, roof rats, etc.

• Attic space re-insulated early 2000

• Replaced garage door opener 2010

• All waste water piping in main bathroom replaced. Converted from galvanized to PVC pipe.

• New raised beds in back garden constructed in 2020

• All exterior trim repainted in 2022

• Living/dining/halls repainted 2022

• Roof gutters inspected and repaired 2022

• Installed outdoor walkway and under-eave security lighting

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the LOCATION near the Victory Heights playground, light rail, and bus lines blends in-city convenience with a close-knit community. With the City of Seattle wrapping up its Natural Drainage Project in front of the house, with new sidewalks, street, roundabout, and lovely landscaping, the street is about to get even better! In addition, the fantastic Victory Heights Neighborhood Association hosts seasonal neighborhood events.

Natural Drainage Project: https://www.seattle.gov/documents/Departments/SPU/EnvironmentConservation/SThornton-23rdAveNE-Board.pdf

Victory Heights Neighborhood Association: https://victoryheights.org/

Thorton Creek Kingfisher Natural Area: https://www.seattle.gov/parks/allparks/thornton-creek-natural-area

Victory Heights Playground: https://www.seattle.gov/parks/allparks/victory-heights-playground

Northgate Light Rail Station: https://www.soundtransit.org/ride-with-us/stops-stations/northgate-station?route_tab=arrivals

**Buyer to verify all information

SCHEDULE A SHOWING

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SOLD | Riverfront Landing Condo

The Stats

17426 Bothell Way NE #A106

2 bedroom | 1.75 bath

1,071 sq ft*

Listed at $525,000

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WELCOME TO RIVERFRONT LANDING.

Recently renovated throughout, this open concept condominium has it all. Nestled next to the Sammamish River with access to the Burke Gilman and Sammamish River Trails. You can be in downtown Bothell within 5 minutes, bike the Burke Gilman or Sammamish River Trail to your favorite brewery, or access the river from the community dock where you can launch your kayak and paddle into Woodinville for lunch.  

HIGHLIGHTS

• Kitchen features solid wood cabinets, quartz countertops & all new appliances

• Spacious primary suite with custom walk in closet and bath

• Open concept living with dining room area

• Luxury plank vinyl hardwood flooring throughout

• Gas fireplace

• Private entertainment sized deck

• Extra large storage directly next to condo

• 2 parking spots

• Elevator

• No rental cap

• Pet friendly

• HODs 508.53

• Taxes 2023 $3620

• Trails along river connects to Burke Gilman & Sammammish River Trail

*Buyer to verify all information

SELLER’S FAVORITE THINGS

• Kayak to Woodinville’s Wilmot gateway Park and have lunch at the Cut shop

• Bike Ride to Magnuson brewery

• Dog friendly restaurants. Favorites are the patio at Beardslee Public House, McMenamins, Poquitos.  Ranch Drive-In

• McMenanins and The Cottage for music

• Kro Bar for craft cocktails

• Summer music at Bothell Landing park

• Winery concerts at Chateau St. Michelle

• Watching the wildlife along the trail and river including herons, beavers, eagles and an abundant variety of birds. 

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NEARBY AMENITIES

WAYNE PARK 
https://www.bothellwa.gov/1184/Former-Wayne-Golf-Course

BURKE GILMAN TRAIL 
https://www.traillink.com/trail/burke-gilman-trail/
Trail spans 18 miles from Ballard to Bothell 

SAMMAMISH RIVER TRAIL 
https://www.traillink.com/trail/sammamish-river-trail/
https://kingcounty.gov/en/legacy/services/parks-recreation/parks/trails/regional-trails/popular-trails/samm-river

THE PARK AT BOTHELL LANDING 
https://www.bothellwa.gov/1007/Park-at-Bothell-Landing

BOTHELL FOOD TRUCK PARK AT RED BRICK ROAD 
16815 96th Ave NE 
https://www.instagram.com/bothellfoodtruckpark?igsh=MXYya3R1cmFzYWw2eA==

MCMENAMINS AT ANDERSON SCHOOL 
https://www.mcmenamins.com/anderson-school

AMARO BISTRO 
https://amarorestaurant.com/

BEARDSLEE PUBLIC HOUSE 
http://beardsleeph.com/

SUMMER MUSIC SERIES @ BOTHELL LANDING PARK
https://bothellwa.gov/2032/https://bothellwa.gov/2032/Summer-Nights-in-Bothell

THE COTTAGE 
https://thecottagebothell.com/

THE HOP AND HOUND 
http://www.thehopandhound.com/

HILLCREST BAKERY 
http://www.hillcrestbakery.com/

RANCH DRIVE IN 
http://www.ranchdrivein.com/

WOODINVILLE WINE COUNTRY 
https://woodinvillewinecountry.com/

**Buyer to verify all information

SCHEDULE A SHOWING

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JUST SOLD | SUNRISE HEIGHTS CAPE COD

THE STATS

7509 29th Ave SW | Seattle, WA 98126

4+ Bedrooms | 1.75 Bathrooms

1,850 sq ft | 6,125 sq ft lot backed by alley

Sold at $840,000

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WELCOME TO SUNRISE HEIGHTS IN WEST SEATTLE.

Enjoy the sunrise over the Cascades from this lovely 4+ bed 1.75 bath home. Lovingly cared for, there has been so many updates to combine modern living with vintage charm. Updgrades include the roof, electrical panel with upgraded service, windows, kitchen and baths, furnace and A/C, and more! 2 bedrooms up, 2 bedrooms on the main floor, lower bonus room with an attached bathroom could serve as a 5th bedroom, guest suite or office. Large lower family room with wet bar. Updated laundry room with sink. Lovely, fully-fenced and terraced back yard. Garage and plenty off-street parking. Utilize the alley for more parking or a possible view DADU. Mere blocks from coffee shops, restaurants, library, and parks.

Welcome home.

RECENT UPDATES AND AMENITIES

New roof

New electrical panel and upgraded service

Windows with transferable warranty

Plumbing

Furnace & A/C

Tankless water heater

Remodeled kitchen and bathrooms

Backed by Alley for additional parking and potential Cascade view DADU

Lower family room with wet bar

Laundry room with sink

Potential 5th bedroom with en-suite bath

Terraced and fully-fenced back yard

Patio with fire pit

***buyer to verify all information.

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SCHEDULE A SHOWING

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SOLD | Riverfront Bothell Condo

The Stats

9821 Northeast Riverbend Drive #C101, Bothell WA 98011

3 Bedrooms | 2.5 Bathrooms

2,008 sq ft*

Listed at $895,000 | Sold at $1,005,000

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WELCOME TO RIVER PARK.

Nestled above the Sammamish River in the quiet River Park community,  of River Park, this rare, end- unit townhome offers waterfront retreat living. Thoughtfully designed to showcase the natural beauty and river views, the dramatic vaulted ceilings, wall of windows and open layout of the kitchen with breakfast nook, dining room and living room creates a perfect flow. Dramatic vaulted living room with floor to ceiling windows showcase the natural beauty and river views, dining room & open kitchen & breakfast nook. Main floor primary suite with walk--in closet. Upper floor features 2 large bedrooms, additional bath and lofted tv room/study. New carpet & paint throughout home. Two oversized garages feature parking for 2 with and additional abundant storage. Private gate access to Burke Gilman/Sammamish River Trail & Blythe Park. Embrace healthy lifestyle -bike or walk to vibrant downtown Bothell, local restaurants, breweries, shopping & UW Bothell Campus. River access within community to launch kayak & SUP board.

HIGHLIGHTS

• 2008 sq. ft . 

• Primary suite on main floor with walk-in closet 

• 2 large bedrooms & full bath on 2nd floor 

• High-end closet systems throughout 

• Lofted T.V. room/study on 2nd floor 

• Vaulted ceilings in living room with floor to ceiling windows 

• Gas fireplace 

• Air Conditioning

• Open concept living & dining room 

• Breakfast nook 

• Main floor powder room 

• Rare two garages - parking for 2 plus storage 

• Storage room off garage 

• Gated access to Burke Gilman & Sammamish River Trails & footbridge access to Blythe Park

• Minutes to vibrant downtown Bothell 

• Walk or bike to restaurants, breweries, shopping, parks & more 

• Close to Woodinville wine country  

• Walk to Wayne Park -89 acres of open space & trails along the Sammamish River 

• HODs $630 a month - includes water, sewer, earthquake, lawn service & grounds maintenance

*Buyer to verify all information

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NEARBY AMENITIES

WAYNE PARK  https://www.bothellwa.gov/1184/Former-Wayne-Golf-Course

BURKE GILMAN TRAIL  https://www.traillink.com/trail/burke-gilman-trail/
Trail spans 18 miles from Ballard to Bothell 

SAMMAMISH RIVER TRAIL 
https://www.traillink.com/trail/sammamish-river-trail/
https://kingcounty.gov/en/legacy/services/parks-recreation/parks/trails/regional-trails/popular-trails/samm-river

THE PARK AT BOTHELL LANDING 
https://www.bothellwa.gov/1007/Park-at-Bothell-Landing

BOTHELL FOOD TRUCK PARK AT RED BRICK ROAD 
16815 96th Ave NE 
https://www.instagram.com/bothellfoodtruckpark?igsh=MXYya3R1cmFzYWw2eA==

MCMENAMINS AT ANDERSON SCHOOL 
https://www.mcmenamins.com/anderson-school

AMARO BISTRO 
https://amarorestaurant.com/

BEARDSLEE PUBLIC HOUSE 
http://beardsleeph.com/

THE COTTAGE 
https://thecottagebothell.com/

THE HOP AND HOUND 
http://www.thehopandhound.com/

HILLCREST BAKERY 
http://www.hillcrestbakery.com/

RANCH DRIVE IN 
http://www.ranchdrivein.com/

WOODINVILLE WINE COUNTRY 
https://woodinvillewinecountry.com/

**Buyer to verify all information

SCHEDULE A SHOWING

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JUST SOLD | HAWTHORNE HILLS SEATTLE HOME

The Stats

4308 NE 58th St Seattle, WA 98105

5 Bedrooms | 3.5 Bathrooms

3,131 sq ft | 5,100 sq ft lot

Listed at $2,150,000 | Sold at $2,365,000

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WELCOME TO HAWTHORNE HILLS.

Nestled in the quiet neighborhood of Hawthorne Hills, this stunning contemporary home features 5 bedrooms, 3.5 baths and over 3000 sq ft of living space.  A spacious kitchen family room area opens onto an award winning private backyard.  Perfect for entertaining. 

HIGHLIGHTS

• 5 bedrooms on 2nd floor (2 en-suites)

• 3.5 baths

• Primary Suite features spa bath, massive walk in closet & sitting area

• 3,131 sq ft home

• 5,100 sq ft lot 

• New interior paint

• New engineered hardwoods on main-floor

• New carpet 

• Abundant custom built in storage throughout home

• Large laundry room with utility sink

• Award winning backyard designed with entertaining in mind - deck, stone patio and multiple seating areas

• 450 sq ft 2 car garage 

• Walk to Metropolitan Market, PCC, neighborhood parks & schools

• Minutes to University Village shopping, restaurants & cafes

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NEARBY AMENITIES

GRETCHEN’S PLACE
Favorite neighborhood cafe / 12 min walk

CITY PEOPLE’S MERCANTILE
Unique selection of quality merchandise + hardware / 12 min walk

MAGNUSON PARK
A splendid mile-long stretch of Lake Washington's shoreline / 7 mins away

METROPOLITAN MARKET
Upscale local grocer / 6 min walk

PCC COMMUNITY MARKET
Premier organic grocery store / 12 min walk

THE BURKE-GILMAN TRAIL
A 27-mile trail system popular for runners and cyclists / 5 mins away

COOKIE BREAK
Homemade cookies are baked fresh daily / 3 min walk

UNIVERSITY WINES
Friendly, knowledgeable wine shop / 12 min walk

UNIVERSITY VILLAGE
Outdoor shopping complex with mix of local and national retailers / 6 mins away

**Buyer to verify all information

SCHEDULE A SHOWING

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JUST SOLD | BEVERLY PARK EVERETT HOME

The Stats

6406 Elliott Way, Everett WA 98203

3 Bedrooms | 2 Bathrooms

1,344 sq ft | 4,792 sq ft lot

Listed at $539,000 | Sold at $540,000

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WELCOME TO BEVERLY PARK.

Welcome to this Craftsman home nestled in the charming Beverly Park neighborhood.

This spacious and light-filled 3 bedroom, 2 bath home is move-in ready. Thoughtfully updated including the kitchen and bathrooms, the home flows with comfort and ease. Look forward to indoor/outdoor living with a slider leading to a sweet deck, perfect for bistro lights and a summer BBQ. The dining room presents a beautiful space for entertaining, but even more to create a serene every-day space for family meals. The cozy and unique upstairs loft-like bedroom, and bathroom really bring the zen. Centrally located, minutes to restaurants, shopping, Mukilteo Waterfront, historic downtown Everett and the fantastic Everett Marina, Boeing & Paine Field. Easy I-5 access for commuting. Welcome home.

HIGHLIGHTS

• Dining room

• Blown-in insulation - 2022

• Hydro-air heating system

• New tankless hot water tank - 2022

• New interior paint

• New windows - 2020

• Newer window coverings throughout

• Newer appliances

• New laminate flooring in mainfloor bath & laundry

• New hard-plank exterior siding with 15 year paint warranty

• New pavement parking strip in front of home

• Leaf guard gutters

• Large storage shed with lofted space

• Off street parking

• Pocket park in neighborhood

• Close to Beverly Food Truck Park, dining, parks & more

• 10 minutes to Historic Downtown Everett

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This close-knit neighborhood in South Everett boasts single family residences, commercial zones, and apartment dwellings. Not to mention its cool claim to fame: The Interurban Trail begins (or ends, per your viewpoint) here!

“The Interurban Trail between Seattle and Everett stitches together a dense residential and commercial patchwork that the original electric railway helped to grow in the early part of the 20th century. The 24-mile trail also goes through the communities of Shoreline, Mountlake Terrace, Edmonds, and Lynnwood. It skirts two regional malls (Alderwood and Everett), a casino, and an abandoned drive-in theater, among other businesses.” - Source, Traillink.com

 

NEARBY AMENITIES

BEVERLY FOOD TRUCK PARK
Favorite local food truck spot / 2 mins away

BEVERLY PIZZA
Pizza, pasta, salad - need we say more? / 3 min away

TAQUERIA EL PASTOR
Local taco shop with authentic Mexican food / 3 mins away

CENTURY PARK
Join neighbors for a picnic or chat / 1 min away

ROCKO’S FIRESIDE BAR + GRILL
Live music, trivia, karaoke, darts and more / 3 mins away

MOTHERSHIP PRO SCOOTERS
Trick scooter specialists! / 3 mins away

INTERURBAN TRAIL HEAD
The start of the trail on the Everett end / 4 mins away

LIONS PARK
Larger park with fields + trails / 4 mins away

HOWARTH PARK
Beach access, trails + views / 8 mins away

FOREST PARK
One of Everett’s oldest + most loved parks / 9 mins away

HISTORIC DOWNTOWN EVERETT
All the amenities (and beyond) you’ll need / 10 mins away

1-5 ENTRANCE
Quick access north and south / 6 mins away

**Buyer to verify all information

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Photo courtesy: Captain’s Cod Company

Photo courtesy: Big Red Truck

Photo courtesy: Mexicuban

SCHEDULE A SHOWING

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Winter Storm Preparedness

We’ve heard rumblings that low temps and snow may be in our future. Whether that happens or not, it’s a good motivator to go ahead and prepare for the worst, and hope for the best.

We’ve had a mild winter so far, which may have made some of us lax in buttoning up our house for the potential of more severe weather. Here are some simple things to tend to, before it’s too late and you’re shoveling your way out of your front door.

• Remove and drain hoses

• Cover hose bibs

• If temps drop super low, leave a faucet dripping inside overnight

• Have salt on hand for those soon-to-be-icy steps

• Get your snow shovel out of storage

• Locate boots, hats, gloves - bonus points if you snag a couple of those fancy hand warmers at the grocery store checkout

• Gather candles and batteries, just in case

• Dig out that old Swiss Miss from the back of the pantry

• Be more aware of your phone battery life and keep that puppy charged

• Looking for extra credit? Notice any branches hanging over your roof and cut them down

Any other tips to share? Let me know!

Celebrate Sustainably: 5 Ideas for an Eco-Friendly Holiday at Home

It's the most wonderful time of the year. But for many families with festive plans and hectic schedules, it's also the most wasteful.

According to one survey, for example, 60% of respondents admitted to throwing away more than usual during the holiday months as they filled up their trash bins with uneaten food, wrapping paper, gift bags, and commercial packaging.1

The reality is, Americans routinely toss about 25% more trash between Thanksgiving and New Year’s than at any other time of year, according to the U.S. Environmental Protection Agency.2 In fact, we throw away so much ribbon during the holidays—around 38,000 miles’ worth—that the discarded material could easily run more than one and a half times around the Earth.3

As our holiday schedules grow busier, many of us also forget to take simple steps at home to shrink our carbon footprints or prepare for a more energy-efficient winter.

Luckily, it’s not that hard to shift our habits and plan for a more sustainable and environmentally-friendly celebration. Here are five ideas for ringing in the holidays this year without overstressing Mother Nature.

PREP YOUR HOME FOR WINTER

Depending on the amount of time and resources you have available, you could cut your carbon emissions significantly this season just by winterizing your home.

Investing in a more sustainable way to warm up your surroundings—such as a geothermal heat pump or solar heating—could be especially impactful if your current HVAC is underperforming and you can afford a more expensive system.4

Replacing old, failing appliances or things like chronically leaking windows with newer, more energy-efficient solutions can also save you money over the long term.5 Plus, you may be able to claim a federal energy-efficient tax credit for up to 30% of your investment.6

You don't necessarily have to spend a lot upfront, though, to prep your home for winter. Even simple tweaks—such as sealing windows and doors or upgrading to more energy-efficient window coverings—can lower your energy consumption and reduce your carbon footprint.7

Incorporating environmentally healthier habits into your routine can also make a meaningful difference. According to the U.S. Department of Energy, for example, dialing back your thermostat by as little as seven to 10 degrees for eight hours a day can trim up to 10% from your bills.8

Consider a home energy assessment to help you pinpoint what needs fixing. Depending on your comfort level, you can audit your home's energy efficiency yourself with the help of the Department of Energy's DIY Guide.9 Or you can hire a professional, such as a home energy auditor or weatherization contractor.10 Call me for a recommendation or personal referral.

DECORATE SUSTAINABLY

Decking your home's halls is one of the most jolly seasonal activities of all. There's something special about gathering 'round with friends and family and relaxing in the comforting glow of a festively decorated space.

But since so much of the holiday-themed decor that's sold in stores is notoriously disposable, it can be a challenge to spruce up your home sustainably. Cheaply produced and rarely recyclable, store-bought decorations are often made with plastic, styrofoam, and other environmentally unfriendly materials that can crowd landfills for generations.2

Luckily, you don't have to trade style for sustainability when making your holiday decor. Thrifting is still in vogue, so consider crafting new and on-trend decorations out of secondhand finds or upcycling items already in your closet.

For example, you could transform an ill-fitting sweater into a holiday-themed pillow, turn teacups into candles, or turn leftover shipping boxes into creative decorations. Alternatively, natural decor foraged from your yard—such as dried leaves, flowers, pine cones, and branches—can make for especially beautiful wreaths and centerpieces.

If you do purchase store-bought decor, proactively look for the most environmentally friendly options. LED lights are now ubiquitous in stores and use far less energy than incandescent versions.11 Similarly, if you celebrate with a Christmas tree, think twice about choosing an artificial option. Plastic trees may be reusable, but natural trees are generally thought to have a smaller carbon footprint.1

CUT BACK ON HOLIDAY SHOPPING

Shopping online or at the mall may be convenient, but it can be costly for the environment. The greenhouse emissions from shipping and transportation alone add up fast, as do the emissions that are produced when an item is first made. According to the online consignment and thrift store, thredUp, 4.5 billion pounds of carbon emissions could be saved if every American bought just one used item instead of new this year.12

Splurging on brand-new products also makes it more likely that the gently used but still functional items that you've got at home will wind up in the trash.

Rather than buy new, check vintage stores and consignment shops for unique gifts that you and your recipient can both feel good about. According to research by thredUp, most people are open to receiving gently-used presents, especially if they're socially-conscious members of Gen Z.12 Alternatively, consider regifting items that you haven't used, upcycling something you own, or try crafting gifts by hand.

Giving away special experiences, such as concert tickets or community memberships, may also be a more eco-friendly option. So is donating to a favorite charity in a gift recipient's name or offering gifts of time, such as promising to help a loved one clean out their garage or fill their freezer with home-cooked meals.

Research shows that gift recipients often value thoughtful gifts with sentimental value, especially if they're homemade or nostalgic or will provide them with a unique experience.13

And if you prefer to buy something tangible, look to local businesses that source or manufacture their goods nearby. Many small businesses offer gift card or certificates! Craft fairs and community markets are a great place to start, too. Or, give mea call and I’d be happy to share a list of my favorite local stores, depending on the type of gift and your budget. I make an effort to patronize the independently-owned shops and restaurants around town and would love to share our recommendations.

GREEN YOUR HOLIDAY DINNER

Do you hail from a family of passionate carnivores? If so, trading your meat for a vegetarian option may seem like a step too far—especially for a holiday dinner.

But swapping your meat for beans isn't the only way to “'green” your holiday meal. For example, you can consciously source your meat from ethical sellers, prioritize local producers for seasonal sides, and serve enough filling vegetables to satisfy a large portion of your appetite.14

You can also minimize food waste by planning ahead so that you don't cook more than necessary. Check out the Natural Resources Defense Council's dinner party “Guest-Imator” to help you narrow down how much food you and your guests will actually need.15 In addition, consider using the USDA's FoodKeeper App to help track safety recalls and set up calendar reminders for expired food.16

Once you're finished eating, clear the table immediately and either freeze the leftovers you'd like to keep or send guests home with reusable containers. Or, if you have untouched food that's still whole or in unopened packaging, take it to a local food bank or homeless shelter. I’d be happy to share a list of options in the area.

DONATE OR RECYCLE WHAT YOU CAN

Once the festivities are over, the real work on behalf of Mother Nature begins. This is the time when taking a few minutes at the end of your holiday celebration to swiftly collect wrapping paper and ribbons, unwanted packaging, and other discarded items can make a real environmental difference by reducing what you send to landfills. Your goal should be to reuse what you can and compost or recycle what's left over.

For example, if you upgrade any electronic gadgets over the holidays, you can conserve resources and limit pollution by donating or properly recycling your old versions. The U.S. Geological Survey estimated that recycling a million laptop computers could help save the energy equivalent of 3,500 homes' annual usage of electricity.16 Similarly, the EPA says that recycling one million phones can help salvage 35,000 pounds of copper, 772 pounds of silver, 75 pounds of gold, and 33 pounds of palladium.17

It can also help to reimagine new ways to make old traditions more eco-friendly. For instance, if lighting candles is part of your holiday celebration, consider choosing beeswax candles this year instead of the typical paraffin wax, which is a petroleum derivative. Not only are they cleaner burning and less toxic, but the leftover wax is biodegradable and can be composted, unlike traditional candle wax.18

There are also plenty of earth-friendly ways to dispose of a natural Christmas tree without kicking it to the curb. Trees that are sent to landfills release a potent greenhouse gas called methane.19 So, it’s important to properly dispose of a live tree, if you have one, so it can be recycled or composted. If you’re not sure how, reach out for a list of local options.

BOTTOMLINE

We can still celebrate a fun and festive season without draining our community’s resources or sending leftovers to the landfill. And remember, I’m here to lend a helping hand, now or in the new year. This is the perfect time to strategize your next move or set some real estate resolutions with personalized guidance from an expert. Reach out today to schedule a free consultation.

The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

 Sources:

1. Eco Watch - https://www.ecowatch.com/sustainable-decor-winter-holidays.html

2. Architectural Digest - https://www.architecturaldigest.com/story/best-holiday-and-seasonal-decor-for-the-environment

3. The New York Times - https://www.nytimes.com/2019/12/18/style/zero-waste-holiday.html

4. Environmental Protection Agency - https://www.epa.gov/burnwise/heat-pumps

5. U.S. Department of Energy - https://www.energy.gov/eere/buildings/articles/appliance-and-equipment-standards-fact-sheet

6. IRS - https://www.irs.gov/credits-deductions/energy-efficient-home-improvement-credit

7. Energy Star - https://www.energystar.gov/saveathome/seal_insulate/sealing_window_door

8. U.S. Department of Energy - https://www.energy.gov/energysaver/programmable-thermostats

9. U.S. Department of Energy - https://www.energy.gov/energysaver/do-it-yourself-home-energy-assessments

10. Kiplinger - https://www.kiplinger.com/slideshow/real-estate/t029-s001-12-ways-to-prepare-your-home-for-winter/index.html

11. U.S. Department of Energy - https://www.energy.gov/energysaver/articles/reduce-waste-and-save-energy-holiday-season#

12. Thred Up - https://newsroom.thredup.com/news/thredup-releases-thrift-for-the-holidays-report-revealing-that-new-waves-of-consumers-are-planning-to-gift-secondhand-this-year

13. The Conversation - https://theconversation.com/the-4-biggest-gift-giving-mistakes-according-to-a-consumer-psychologist-195169

14. Popular Science - https://www.popsci.com/story/diy/sustainable-holiday-strategies/

15. Natural Resources Defense Council - https://savethefood.com/guestimator

16. USDA - https://www.usda.gov/media/blog/2018/10/04/usda-updates-foodkeeper-app-include-new-food-items

17. U.S. Environmental Protection Agency - https://www.epa.gov/recycle/electronics-donation-and-recycling

18. CanICompostIt.com - https://canicompostit.com/candle-wax/

19. CNN - https://www.cnn.com/2022/11/25/us/real-or-artificial-christmas-tree-climate/index.html

In The Market: Fall 2023 Real Estate Outlook

As we move into the Fall season, the combination of rising interest rates and the traditional winter slowdown is limiting the number of homes for sale. When compared to the same month last year, October 2023 experienced a -23% change in active property listings in Washington counties covered by the Northwest MLS. Across King County, active listings were down 30% compared to this time last year.

Interest rates have pushed some buyers out of the market. This combination of fewer buyers and especially low inventory resulted in pending sales being down 13% from one year ago in King County and down 10% in the City of Seattle.

Economists are pointing to the current market as a transition to a more stable market. While continued mortgage rate increases will make additional home price gains more challenging, home values should continue to slowly rise.

“The combination of low inventories and pent-up demand suggest that home price pressures will continue to mount and drive home prices up some 5% by next September,” said Selma Hepp, executive and chief economist with CoreLogic.

What does this mean for you?

FOR BUYERS

For buyers, if you're looking to stay in a home for 5 years or more, this is a good time to find a home with less competition than we've seen in the past years. Still be prepared for competition for homes in key locations. Interest rates are expected to ultimately lower. When that does happen, buyers who are on the sidelines will jump back into the market creating more competition for limited inventory. If you are in the market to purchase, a trusted local lender is crucial. They will watch interest rates and advise when it's time to lock in a rate and refinance.

FOR SELLERS

For sellers, limited inventory supports a continued sellers market. There are crucial differences with this market compared to that of 2 years ago. Market times are longer as a whole. The homes that are selling quickly are in key locations, move-in ready often with cosmetic updates and priced correctly.

Get in touch if you have any questions. Rely on my 25 years of experience to help you make the best decisions for your future real estate goals. Whether you're looking for an immediate change or something in the next 3 years, connecting now will help pave the way.

Questions about the real estate market? Reach out!

Local Business Spotlight: Bobby Jo's Plants & Mercantile

We have a fabulous new neighbor and addition to the Ravenna neighborhood. Bobby Jo’s Plants & Mercantile - a plant and gift boutique - opened its doors in Ravenna this past summer.

With over 20 years experience, the shop owner, Theresa Venice, knows all things plants. Guided by her dad, Theresa had a garden plot from the time she was small. Her dad instilled a love of gardening, plants, and science which carried through to her college years where she received a BS in Horticulture at Oregon State University. Bobby Jo, the shop’s honored namesake, was her dad’s childhood nickname.

Theresa carries a wide variety of plants, succulents, pots, home goods, and giftable items, and she is one of the only places in the area to carry the cult-favorite Probiotic Mother potting soil out of Port Townsend. If you’re shopping and don’t find the exact plant you’re hunting for, she can often locate and bring it in for you. Bobby Jo’s is the perfect spot to pick up a gift for your friend… or yourself.

Theresa will be carrying seasonal items throughout the holidays, providing the perfect opportunity to shop local and support this small business. Stop by and welcome Theresa to the neighborhood!

You can find Bobby Jo’s at 2252 NE 65th Street. Open nearly every day, 11-7pm. Theresa is whole heartedly community-oriented, and her shop is a welcomed addition to Ravenna.

Around Town | Public Art Around Seattle

Any time of the year, art is all around you in this city.

Source: Wikipedia

As a real estate agent, I spend a lot of time driving around our fine city, and I run across a lot of beautiful spots that inspire and transport me. I’ve been moved while sitting in traffic, just looking to my left to see the Bettie Page House mural along the I-5 corridor. All of the awesome wood trolls around town are getting a lot of attention, but let's not forget the original Fremont Troll. You can visit this car-eating-curmudgeon any day of the week! Continue reading for a list of great spots around Seattle to view some of our city’s most talented artists’ work. From the big installations to the small, incredibly moving pieces, you’ll be stunned into silents and perhaps find inspiration in the most unusual places.

FREEMONT TROLL - STEVE BADANES

Source: Wikipedia

The Troll is a mixed media colossal statue, located on N. 36th Street at Troll Avenue N., under the north end of the George Washington Memorial Bridge (aka the Aurora Bridge). It’s clutching an actual Volkswagen Beetle, as if it had just swiped it from the roadway above. The vehicle has a California license plate. Originally the car held a time capsule, including a plater bust of Elvis Presley, which was stolen with the sculpture was vandalized. The Troll is 18ft high, weighs 13,000 lbs, and is made of steel rebar, wire, and concrete.

BLACK SUN - ISAMU NOGUCHI

Black Sun is a 1969 sculpture by Isamu Noguchi located in Volunteer Park. The statue is situated on the eastern edge of the park’s man-made reservoir, across from the Seattle Asian Art Museum. The view from the sculpture includes the Space Needle, Olympic Mountains, and Elliott Bay. Many mistakenly believe Soundgarden’s hit single “Black Hole Sun” was inspired by Noguchi’s sculpture, as the band took their name from another outdoor public art work in Seattle, A Sound Garden, and the resemblance of the song’s title to Noguchi’s work. However, singer-songwriter Chris Cornell attributes the song’s inspiration to a misheard news broadcast.

Source: Wikipedia

A SOUND GARDEN - DOUGLAS HOLLIS

A Sound Garden is one of six such works on the National Oceanic and Atmospheric Administration (NOAA) campus, which lies adjacent to Warren G. Magnuson Park on the northwestern shore of Lake Washington. Designed and built by Sculpture Douglas Hollis from 1982 to 1983, the sound sculpture is composed of twelve 21-foot high steel tower structures, at the top of each of which hangs an organ pipe attached to a weather vane that produces soft-toned sounds when stirred by the wind.

BETTIE PAGE MURAL

Source: MyNorthwest.com

The story begins in 2006 when homeowners Chris Brugos and Jessica Baxter asked friend John Green to add some pizazz to his home along the Roosevelt/Ravenna area of the I-5 cooridor. Bettie is not alone, however. Joined by Divine, a famous drag queen, in a bright red dress and hard-to-miss makeup, painted by local mural artist Matthew Brennan IV, aka Two Thangs. The mural has been vandalized a few times over the years, but continues to stand tall, representing, according to Baxter, “there is no wrong way to be feminine, no wrong way to be a woman, despite the status quo.”

HAT ‘N’ BOOTS PARK (OXBOW PARK)

Hat ‘n’ Boots is a roadside attraction and landmark in the Georgetown neighborhood of Seattle. Built in 1954 as part of a Western-themed gas station, it is billed a the largest hat and cowboy boots in America. To preserve this landmark, the City of Seattle moved the Hat ‘n’ Boots to the new Oxbow Park in December 2003. You can spot the Hat ‘n’ Boots in two films - National Lampoon’s Vacation (opening credits) and Hype.

Source: Wikipedia

For a longer, more comprehensive list of awesome public art in and around Seattle, I recommend this great article from Curbed!

Many descriptions and photos of these art pieces are pulled from Wikipedia. Thanks, Wikipedia!

Income Properties Are Trending, But Is Landlord Life for You?

If the thought of investing your money into brick and mortar—or perhaps some stylishly-painted siding—excites you, join the club.

Investing in real estate has long been one of Americans' favorite ways to grow their wealth. In fact, over 70% of single-family rental properties are currently owned by individual investors rather than corporations, according to Census data.1

Moreover, a decade's worth of Bankrate surveys has found that Americans often prefer real estate for long-term wealth building over other investments. According to Bankrate's latest survey, for example, Americans have historically embraced real estate, in part, because of the strong return on investment it can offer—especially to investors willing to stick with a property over time.2 It’s also a popular way to hedge against inflation since both rental income and property values tend to rise in tandem with overall prices.3 

Now, as higher interest rates continue to push priced-out homebuyers to the sidelines, a new crop of “mom and pop” investors are eyeing the mushrooming rental market as a potential goldmine.4 Interest in buying a home to both live in and rent is also on the rise, especially amongst cash-strapped buyers looking to supplement their mortgage payments.5 

But how do you know if you’re well-suited to take advantage of these real estate investment opportunities? Here are three signs that owning a rental property could be right for you. 

YOU'RE A HOMEBUYER WHO WANTS HELP COVERING THE MORTGAGE

If you're looking for a creative way to buy a home without overspending, “house hacking” could be the answer. Increasingly popular with first-time homebuyers and budget-conscious investors, house hacking simply means buying a home that you intend to live in while renting out a portion of it to one or more tenants.5

BIG NEWS from FANNIE MAE:  Starting Nov 18th buyers can purchase a 2-4 unit primary home with just 5% down! WOW!!!! For context: 2 units used to require 15% down (some exceptions), and 3-4 units required 25% down. Home buyers will be able to generate rental income with minimal out of pocket as long as you occupy one of the units. 

If you house hack, the money you collect for rent each month can help cover your mortgage and other homeownership expenses. Depending on your setup, you may also be able to save on utility bills by splitting them with your tenant or tacking a portion onto their monthly rent. Another major advantage of house hacking is that it entitles you to certain tax benefits and deductions available only to landlords.8

When it's time to start your search, I can help you find a property that's ideal for house hacking, such as a house with a walkout basement, a multifamily unit, or a home with enough outdoor space to build an accessory dwelling unit or garage apartment. 

YOU'RE AN INVESTOR LOOKING FOR STEADY AND RELIABLE INCOME

If you’re not crazy about the idea of a live-in tenant but still desire an additional stream of income, a dedicated long-term rental property could be a better option for you. Besides the monthly proceeds, purchasing a rental home can also add diversity and long-term stability to your investment portfolio and help you build wealth over time.9

According to data from the Federal Reserve, real estate owners have historically prospered. In early 2020, for example, the median home was worth almost triple what it was 30 years prior. Then, during the pandemic-era real estate boom, average home prices grew at an especially frenzied clip, climbing by nearly 50%, on average, in just two and a half years.10  

However, the rate of appreciation can be hard to predict, so it’s prudent to invest in a property that also offers positive cash flow, which means the rent you take in exceeds your expenses. This strategy helps to ensure that you’ll put money in your pocket each month, even if the property’s value takes time to grow.

While today’s higher mortgage rates can make it more challenging for landlords to turn a profit, investment opportunities aren’t reserved for cash buyers. In fact, currently, almost 60% of real estate investors take out a loan to finance their purchase, according to Thomas Malone, an economist at the real estate data firm CoreLogic.4  He also notes that more small investors are stepping in to meet demand for rental housing, which has grown since many would-be buyers remain priced out of the purchase market.4

If you want to explore opportunities for a residential rental property that's good for your wallet and attractive to renters, I can help. Reach out with questions or to schedule a free consultation.  

YOU'RE AN EXPERIENCED INVESTOR LOOKING TO MAXIMIZE YOUR POTENTIAL RETURNS

Another increasingly popular way to draw income from an investment property is to convert it to a short-term vacation rental. But beware: This strategy can be riskier as some municipalities have tightened rental restrictions and others are suffering from market oversaturation.11,12

With that said, if you're an experienced investor who can afford to take on some uncertainty, then investing in a short-term rental could make sense for you.

If you find the right property, for example, you could earn significantly more renting it short-term on a platform like Airbnb than if you rented the home to a long-term tenant.11

The key is to keep it occupied as much as possible at a premium nightly rate. To do that, you’ll need some marketing savvy, hospitality skills, and business acumen. Of course, you can always hire a professional property manager, but you’ll need to factor the cost into your budget.

The vacation rental market enjoyed a boom during the pandemic, and some inexperienced investors are finding they bit off more than they can chew. As a result, there's an opportunity to snap up some of these properties, but you'll need some cash on hand and a willingness to learn the business.12

I can help you scout opportunities in our local market or, if you’re interested in investing in another area, I can refer you to an agent there for assistance. 

BOTTOMLINE

Investing in real estate can be a great way to build your wealth long-term and earn some extra income. But to make the most of your investment, it pays to be strategic.

Call me for a consultation so we can discuss your goals and budget. I’ll help you discover neighborhoods with the best income potential, point out the homes most suited to renting, and help you brainstorm the best investment strategy for you.   

Before you take the plunge, make sure you can answer “YES” to these three questions:

1. Are you ready to be a landlord?

Owning a rental property can take a lot of time and energy. You're not just buying passive income, you're also building sweat equity since the time you spend maintaining, marketing, and managing your rental can add up quickly. So be prepared to do some soul-searching to ensure you’ll not only flourish as a landlord, but actually enjoy it.

If you want to invest in real estate but aren’t prepared to put in the day-to-day effort required, I can refer you to a property management service for help.

2. Can you afford to invest in real estate?

The last thing you want is to get over-extended with your new real estate venture. Besides the cost of purchasing the property, you’ll need to consider additional expenses, like property taxes, insurance, administrative costs, and maintenance and repairs. You will also need a cash reserve for unexpected issues or potential vacancies.

I can help you run the numbers to determine whether you can charge enough rent to offset your expenditures.

3. Have you found the right income property?

Even if you’ve got your finances in order and are emotionally ready to invest, your success as a landlord will also depend on the property you buy. The criteria for a good rental home and a good family home are often different, so it’s important to lean on professionals for advice.

I can help you find an ideal rental property, taking into account your budget, risk appetite, and investment goals. If you decide to invest in a different area, I’ll connect you with an agent who's more plugged into that community. Reach out today to schedule a free consultation.

The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

Questions or need help? Fill out this form and I’ll get right back to you.

Sources:

1.     PR Newswire - https://www.prnewswire.com/news-releases/census-data-show-individuals-continue-to-own-largest-share-of-single-family-rental-homes-301725024.html

2.     Bankrate -
https://www.bankrate.com/investing/survey-favorite-long-term-investment-2022/

3.     Forbes -
https://www.forbes.com/sites/forbesbusinesscouncil/2022/04/14/why-income-generating-real-estate-is-the-best-hedge-against-inflation/?sh=1081ce921746

4.     MarketWatch -
https://www.msn.com/en-us/money/realestate/another-challenge-for-homebuyers-more-investors-are-snapping-up-homes-and-40-of-them-are-using-cash/ar-AA1foWSB

5.     Realtor.com - https://www.realtor.com/advice/buy/on-the-house-house-hacking-your-way-into-your-first-home/

6.     NerdWallet -
https://www.nerdwallet.com/article/mortgages/government-home-loans

7.     LendingTree -
https://www.lendingtree.com/home/mortgage/down-payment-for-rental-property/

8.     Quicken Loans -
https://www.quickenloans.com/learn/house-hacking

9.     Investors Business Daily - https://www.investors.com/etfs-and-funds/personal-finance/rental-properties-investing-experts/

10.   St. Louis Fed FRED Economic Data -
https://fred.stlouisfed.org/series/MSPUS

11.   Story by J.P. Morgan - https://story.jpmorgan.com/real-estate-news/thinking-about-investing-in-short-term-rentals-heres-what-to-know

12. Skift - https://skift.com/2023/07/21/short-term-rental-saturation-leads-to-a-correction-and-lots-of-home-sales/