NEW PRICE!! HOME FOR SALE– 4015 NW Elmwood Drive, Corvallis, Oregon $450,000

HOME FOR SALE– 4015 NW Elmwood Drive, Corvallis, Oregon

Contemporary styling is beautiful, warm and inviting. They say the kitchen is the heart of the home and this gourmet kitchen proves it with space for all. Tons of storage, specialty cabinets and plenty of counter-tops. Designed for fun, formal and informal living areas provide the spaces you need. Upper level suite with second full kitchen is perfect for long term guests or any large gathering. Sumptuous master suite provides a quiet respite. Outdoors find extensive decking, sport court and private yard space. 5 bedrooms, 4 baths, approximately 5,144 sq. ft.

Located in a desirable Northwest Corvallis neighborhood on a quiet cul-de-sac, this beautiful home is close to local parks and schools, Oregon State University Campus, CH2M Hill, shopping, medical facilities, and has easy access to downtown Corvallis. Take advantage of local hike and bike paths and close access to Bald Hill Natural Area. Large windows and skylights throughout this home maximizes use of natural light and views. Established landscaping and multiple outdoor areas allow you to enjoy what’s in your own backyard, literally.

Relax or entertain in the formal living room with large windows, mirrors and skylights that maximize natural light and wooded views. Access to the dining area, lower level, mid level and upper levels of the home. Formal dining rooms is an entertainer’s delight with an open floor plan to both the kitchen, formal living room and large back deck. Pass through counter-top to kitchen allows for passage of food and conversation. Custom built buffet with two inset chaffing dishes is great for large dinner parties and gatherings. Glass fronted cabinets are mirrored and lit for display of all your fancy glassware. Lower cabinet storage is great storage for dishes, linens, serving pieces and more.

Chef’s ultimate dream kitchenhas ample room for multiple chefs and many hands and features black appliances including a side-by-side refrigerator, microwave, double wall ovens, dishwasher, trash compactor and in-island cooktop. Kitchen also has abundant storage for all your kitchen gadgets and food, including step-in pantry, counter-top appliance hideaway and dual storage closets. Custom cabinets have several bells and whistles including pull-outs, divided utensil drawer, spice rack pull-out, wine storage, cookie sheet and cutting board storage, and extra deep divided drawer. Prep area with smal sink and marble pastry board is a great space for cooking projects. Built-in workstation and eat-in dining area makes the kitchen a true hub of activity within the home.

Enjoy the ultimate getaway in your own home. Just a few steps up from the main level find peace and tranquility in the master suite with vaulted ceilings, large windows with wooded views and a private deck. Master suite also features two walk-in closets with built-in dressers and tie rack for all your clothes storage needs. From the attached spa style master bath you can enjoy tree top views from the large jetted soaking tub. Bath also features built-in magazine rack, large make-up counter with huge mirror and separate shower room with vanity and storage. An additional two bedrooms and full are located just down the hall from the master. Hallway features art niche, linen closets and laundry chute.

On the lower level you’ll find a spacious and fun area where you can bring family and friends together. Enjoy game nights, TV and movie viewing, or casual hanging out in the lower level family and game room. Wet bar provides an area for snacks and beverages, woodstove with fossil embedded stone surround keeps the room cozy and warm, and private patio and lawn area is a great space when the games move outdoors. Lower level also features a bedroom, full bath, and large laundry room with lots of storage, folding laundry table and built-in ironing board.

You can get the party started in the upper level great-room style family room. Features a second full kitchen with refrigerator, dishwasher, freestanding range, garbage disposal and counter-top blender, as well as upper glass fronted, mirrored and lit cabinets, ideal for display storage. Great-room style family room also features a large, private patio, vaulted ceilings, and a huge expanse of windows and skylights to maximize the natural light. Upper level also has afull bath, bonus room, multiple storage closets, and a secondary suite with two closets and private patio with wooded views.

Interconnected outdoor areas include main living cedar deck, private master suite cedar deck, sport court, and game room patio and lawn area.

MLS#623846

Search for more homes for sale in Corvallis here.

HOME FOR SALE – 1175 SW West Hills Place, Corvallis, Oregon $350,000

New Price!

HOME FOR SALE – 1175 NW West Hills Place, Corvallis, Oregon

From the covered front porch to the immaculate interior, this home has many features that make living here a joy! Wood flooring through entry, dining, hallway and kitchen and beautiful finishes include crown moulding, granite counters with glass tile splash in open floorplan kitchen, plus extra space in all-season room. Master is located on the main level with separate tub, shower, and marble counters. Breathe easy, gas forced air with whole house HEPA and UV system. Cul-de-sac location, landscaped yard adjacent to green space with wide sideyard and concrete pad. 4 bedroms, 2.5 baths, approx. 2452 sq. ft.

Located on a quiet cul-de-sac backed by green space in southwest Corvallis, this beautifully immaculate home is convenient to shopping, Oregon State University, Corvallis Country Club, downtown Corvallis and Philomath. Enjoy outdoor recreation opportunities at nearby Bald Hill Natural Area, Starker Arts Park, Sunset Park, Irish Bend Covered Bridge path and several bike paths.

Quaint curb appeal welcomes you home with a lush landscaped yard and wonderful covered porch. Family room is open to kitchen with a great-room style floor plan, ceiling fan, gas fireplace with stone tile surround and sliding door that provides access to sun room. Kitchen is neutral and bright with granite counter-tops and glass tile backsplash, beautiful hardwood floors, white appliances, island with breakfast bar, and large pantry. Dining room is accessible through the kitchen and has beautiful hardwood floors and crown molding.

Main level master suite is spacious and bright with walk-in closet and attached master bath with dual sink vanity with marble counter-tops, large soaking tub and separate walk-in shower. Secondary bedrooms are light and neutral, generously sized, and located on upper level. Upper level main bath has large vanity and shower/tub combo.

Sun Room is located off the family room through sliding doors and is ideal as a rec room, gym, craft area, or a place to read and relax. Finished with heating/cooling, and laminate flooring with access to backyard. Side yard has concrete pad and gravel, great for RV parking, or large toy storage. Home has gas forced air/AC with whole house HEPA filter and UV system. This is an upgrade that’s a huge benefit to those that are dust and allergen sensitive, making living in the Willamette Valley much easier! Laundry and powder bath are located on main level.

Seller is providing a 1 year home warranty.

Search for more homes for sale in Corvallis here.

Investment Property Exchange Pit-Falls

Don’t make these mistakes:  Common errors that create problems with 1031 exchanges.

Most real estate investors know that one of the very best tools for delaying capital gains taxes is to utilize a tax provision called a 1031 exchange.  The 1031 comes from the section of IRS Tax code that is applicable and the “exchange” part comes from the process by which the investor trades-up into the next property without incurring immediate tax consequences (in other words the income and capital gains tax consequences are deferred to a later date).

The rules are stringent and must followed exactly for the exchange to work.  Best intentions are not acceptable to the IRS and your state tax board.

I recently learned that 1o31 Exchanges are identified by the California Francise Tax Board as one of the top audit topics and the four top issues (as provided by IPX1031) are:

“1. Failure to make a proper identification or comply with other technical requirements of Section 1031;

2. That the relinquished and/or replacement property are not held for a qualifying purpose (held for investment or productive use in a trade or business). For example, the property is used for personal purposes or it is held primarily for sale;

3. The taxpayer who sells the relinquished property is different from the taxpayer who acquires the replacement property; and

4. The taxpayer receives non qualifying property in the exchange (boot), but fails to report it on their tax return.”

I understand that only relates to audits conducted by the State of California, but the issues that are found in California will not be that much different than those found in Oregon.  Taxing authorities are looking for areas to make up for lost revenue.  You don’t want it to be the mistakes you make in your real estate purchase or sale.

It also emphasizes the importance of having a 1031 exchange facilitated by a Qualified Intermediary that knows and complies with the requirements contained in the 1031 statute and regulations.

If you are interested in finding out more about investing in real estate, 10310 Exchanges, buying or selling real estate in Corvallis, Philomath, Albany or Lebanon, I’d be happy to help!  Contact Dava

related links:

History of 1031 “Starker” Exchange (did you know it originated in Oregon?)

IPX1031 (user friendly, detailed information about exchanging property)

In the News… Economic Tid-Bits

I picked up a couple of interesting bits of news this week about the economy. Thought I would share:

Last week’s Pending Home Sales index from the National Association of REALTORS® (nar) went up 7.3% in November, the highest level since April of 2010.  The 2010 numbers were pumped up because of buyers that were in the market to take advantage of home buyer tax credits available then, that are not available now.

NAR chief economist, Lawrence Yun (and one of Inman’s 100 most influential)  said,  “Housing affordability conditions are at a record high and there is a pent-up demand from buyers who’ve been on the sidelines,  but contract failures have been running unusually high. Some of the increase in pending home sales appears to be from buyers recommitting after an initial contract ran into problems, often with the mortgage”.

I think that some some contract failures are preventable, especially when both the buyer and seller want to see the transaction through — having the right team in place, real estate professional, lender and title/escrow in place, can make a huge difference on an individual basis. Local markets and individual circumstances drive the reasons for contract failures.

According to NAR, It should be noted that “Pending home sales are not affected by the recently published rebenchmarking of existing-home sales because the index uses a different methodology based directly on contract signings, and is adjusted for seasonality.

and

According to USA Today, news sources and the Bureau of Labor Statistics, the, U.S. unemployment numbers are the lowest in 3 years.  “The U.S. job market strengthened in the second half of 2011 and added 200,000 jobs in December while the unemployment rate fell to 8.5% from a revised 8.7% a month earlier.”

Bright spots.  I’m looking forward to serving your Real Estate needs to 2012.  If you have questions about Corvallis, Albany, Philomath or other mid-Willamette Real Estate feel free to get in touch.

Contact Dava

 

HOME FOR SALE– 4471 NW Honeysuckle Drive, Corvallis, Oregon $739,000

HOME FOR SALE– 4471 NW Honeysuckle Drive, Corvallis, Oregon

Enjoy comfortable and gracious living- This beautiful home features it all, VIEWS, LOCATION, STYLE – plus a quiet peaceful setting. Enjoy vaulted ceilings, arched openings, high quality finishes and upscale appliances. MAIN LEVEL MASTER is a spa-style retreat with jetted tub, double vanity and 2 walk-in closets. Upstairs- 3 bedrooms and 2 full baths. Daylight basement has 2 large open areas-great game, media and exercise spa. Landscaped yard with irrigation is a great combination of lawn, natural woodland and spacious decks.

Located in the Meadowridge subdivision of Timberhill, this beautiful and stylish home has it all. Amazing treetop views, convenient location, high quality finishes and comfortable luxury living. Close to medical  facilities, shopping, Timberhill Athletic Club, outdoor recreation trails and just minutes from downtown Corvallis and Oregon State University.

4 bedrooms
3 full baths, 2 half baths
Approx. 4724 sq. ft. on .4 acres
Attached 3-car garage
Schools: Hoover Elementary, Cheldelin Middle, Crescent Valley High
Wonderful formal and informal spaces
Luxurious main level master suite
Large multipurpose area
Beautiful treetop views

Entry and Foyer:
Exposed aggregate driveway and walk
Landscaped front walk
Lovely stone accent façade
Open two story covered entry
Double French doors
Interior light slate tile

Formal Living Room:
Neutral and bright
Large windows with beautiful treetop views
Art niche
Access from foyer

Formal Dining Room:
Light slate tile
Built-in buffet with Granite counter-top
Open to foyer

Kitchen and Eat-in Dining Area:
Light slate tile
Stainless steel appliances including Dacor double wall ovens, Asko dishwasher, JennAir downdraft gas cooktop
Granite counter-tops
Buffet and breakfast bar
Open floor plan with eat-in dining area and informal living room
Walk-in pantry

Informal Living Room:
Two story vaulted ceiling with ceiling fan and recessed lighting
Built-in bookcases and shelves
Stainless steel accented gas fireplace with light slate tile hearth
Open to dining area and kitchen
Access to upper back deck
Wonderful treetop views
Also on the main level are a powder bath, office and laundry room with access to the attached 3-car garage.

Master Suite:
Vaulted trayed ceiling with ceiling fan
Large windows
Built-in dresser
Access to upper back deck
Treetop views
Attached master bath with:
Two walk-in closets, one with built-in dresser
Large jetted soaking tub
Step-in shower
Large double sink vanity
Separate toilet room
Linen closet with built-in safe

Upper Level:
Landing with built-in bookcase, ideal as a reading nook or office area
Upper hallway overlooks both the formal living room and informal living room
Three secondary bedrooms with walk-in closets and ceiling fans
One bedroom has an en-suite bathroom with:
Shower/tub combo
Two bedrooms share a jack-and-jill bathroom with:
Dual sink vanity
Separate shower and toilet room
Lower Level Family Room:
Trayed ceiling with recessed lighting
Access to back patio, powder bath, and two multipurpose rooms that are ideal for crafts, gym, home office, play and more

Lower Level Rec Room:
Spacious and multifunctional
Great for games large and small, second family room or to suit your needs
Access to back patio

Lower Level Back Patio:
Access from rec room and family room
Built-in stone fire pit
Ideal for outdoor entertaining

MLS#646716
Search for more homes for sale in Corvallis here.

HOME FOR SALE– 1425 NW Alta Vista Drive, Corvallis, Oregon $379,900

HOME FOR SALE– 1425 NW Alta Vista Drive, Corvallis, Oregon

Location, Location, Location just about a mile to Oregon State University (OSU); even closer to Co-op, Sam’s Station and Cloverland Park. Terrific home with main level master, new slate flooring in living room and laminate in kitchen. Windows have been recently updated (2009). Great new deck off dining area, ideal for entertaining (2009). Leaf-guard gutters (2010) Large lot (.37 acres) with private backyard has plenty of place to play, relax and garden and paved access. Views from deck and upper level rooms.

 

 

 

Solid home located in a highly sought-after northwest Corvallis neighborhood. Close to Cloverland Park, First Alternative Co-op, Sam’s Station, local schools, and Oregon State University. Just minutes from downtown Corvallis and medical facilities.

5 bedrooms, 2 baths
Approx. 2754 sq. ft.
.37 acres
Main level master suite
Generous amounts of storage throughout
Private fenced yard with paved access
Many updates including:
windows (2009), deck (2009),
LeafGuard gutters (2010)
Living Room:
Large windows overlook spacious backyard and treetop views
Wood burning fireplace
Newer slate flooring
Access to both dining area and kitchen
Kitchen and Dining Area:
Newer wood-like laminate flooring (2011)
White appliances
Built-in desk and buffet with display
Access to attached 2-car garage, living room and upper deck

Upper Deck:
New in 2009 with rope lights
Great for entertaining and barbecuing
Overlooks entire backyard with treetop views
Access to the kitchen/dining area and master suite

Main Level Master Suite:
Large linen closet
Cork flooring
Access to back deck
Attached bath with shower/tub combo and eco-flush toilet

Lower Level:
Three secondary bedrooms with cork flooring
Multipurpose room could be a 5th bedroom, craft room, home gym, office or to suit your needs
Full bath with step in shower and two sinks
Spacious laundry room with lots of storage, counter space and utility sink
Family room with large storage closet, gas fireplace and access to patio and backyard

Backyard:
Spacious and private, fenced with paved access
Room for play, gardening, entertaining, relaxing and more

MLS#646710

Search for more homes for sale in Corvallis here.

New Price! 830 NW 11th Street, Corvallis, Oregon 97330

Home for Sale, 830 NW 11th Street, Corvallis, Oregon 97330 $299,000

Home for sale in Corvallis, Oregon. Near Oregon State University (OSU) and Downtown Corvallis. Wonderful Craftsman style home with many vintage features preserved.  6 bedrooms (2 on the main level); 2 full baths (one on the main); approx. 2188 sq. ft. not including partially finished basement.

Broker Tour | Knowing the Real Estate Market

Broker tour

Q. What is Broker Tour?

A. Broker Tour is a time when sellers make it easy for Brokers to see properties that are on the market.  The “tour” is a process by which brokers can look at properties without making prior arrangements.  In the Corvallis, Albany and Philomath areas the agents let themselves into homes that are pre-set; in some areas, like Lebanon or Sweet Home there is a “caravan” type tour that is rigorously scheduled and the agents group together and all go in a few cars at once.

Q. How does this process work? 

A. The listing agent sets the tour time up in the MLS system. In Corvallis, Philomath and Albany brokers “tour” on Wednesdays. The time of the tour is flexible, but most commonly around 9:00 am until early afternoon.  One of the nice features about the way we tour here is that we can flex a little and work around our client’s schedules and needs. Other areas have different methods, for instance in Lebanon the tour is more of a “caravan” with a list of pre-scheduled properties.  Additionally, some offices have an established “office tour” which may or may not be established as part of their office meeting agenda.

Q. Which properties are on tour? 

A. Tour is often comprised of the “new” listings for the week. Sometimes a “new” property  has been on the market for a while (days or even weeks) before it is scheduled for tour.  Sometimes homes that have already been on tour once are re-set for additional tours. Generally, those homes have had a “change” like in price or décor.  Occasionally, the first tour had a poor turn-out, so it’s re-set to give the brokers another chance to see the property.  It’s never a bad thing to let brokers have easy access to preview a property.  Broker tour is a little like “open house” just for agents.

Q. Why is it beneficial for brokers to tour?  

A. This is a chance to see the property and be familiar enough to discuss it with clients.  Sometimes, brokers tour with a specific client in mind, other times not. It is also a way to become familiar with the market, understand the various homes that are for sale and associate a price point with them.  This is also a social opportunity, brokers on tour often cross paths and has a chance to talk with colleagues, exchanging ideas and needs.

Q. Why didn’t more agents tour my home?

A. There could be any number of reasons why some agents didn’t tour. Often it’s because they have conflicts in their work schedule. It’s possible that they’ve seen the house (either on tour previously or even when it was on the market in the past).  Sometimes the time that is set is not practical or long enough to allow them to see every property.  Rural properties are often under-toured due to drive times etc.  There may have been a number of properties on tour and the volume made it impossible to see them all. Some brokers only tour if they have a client that may match a property, some never tour at all.

Q. What about a luncheon or give-away?

A.  A lot of brokers offer luncheons or give-a-ways with the idea in mind that more brokers will tour the home.  It’s my opinion that the brokers that need to see a specific home, make a point to visit with or without incentives. 

31364 Peterson Road, Philomath, Oregon | New price $1,110,000

HOME and LAND FOR SALE — 31364 Peterson Road, Philomath, Oregon  *Reduced Price*

Stunning 360 degree views on over 47 private acres. Serene setting, situated well off the road, on gentle south facing slopes. Setting takes advantage of natural light and maximizes views. Exciting design by award-winning architect. Great room floor plan and flexible design allows the home to flow; providing opportunities for entertaining on many levels or restful solitude. Delightful, professionally landscaped gardens. Eco-friendly ground source, geothermal radiant heat system (A/C upstairs); Large shop with office spaces and half bath. Approximately 6 miles to Philomath and less than 10 miles to Oregon State University and Corvallis. 3 bedrooms, 2.5 baths, approx. 4071 sq. ft. on 47.17 acres.

Your own personal get-away. Architecturally designed for artists, this contemporary home is situated on over 47 acres in the heart of the Willamette Valley’s Pinot Noir region. It’s an ideal setting for an artist retreat, hobby farm, or vineyard. Peaceful and serene with beautiful panoramic views of the coastal and cascade mountain ranges including Mt. Hood, Mt. Jefferson and surrounding vineyards and farms. Private, yet convenient to both Philomath and Corvallis.

Elegant and modern covered breezeway welcomes you home. Arched and lit it provides access from 3-car detached garage to house. Upon entering the home you’re greeted by a bright and open sitting area with west facing views and access to dining area and back patio. Dining area has 17’ vaulted ceilings and is open to kitchen, living room, sitting area, and family room/sunroom. Family room/sunroom is bright and cozy with large windows that maximize light and panoramic views and a built-in bookcase with plant display. Family room also has access to dining area and back patio that is great for outdoor parties and backyard barbecues.

Great-room style living room is open to the kitchen and dining area and is bright and spacious with lots of windows and 17’ vaulted ceilings. Get cozy with Yodel wood stove with one-of-a-kind figured stainless steel floor-to-ceiling surround. Living room also has access to covered wood storage and front yard. A wonderful open floor plan for easy entertaining. Kitchen has vaulted ceilings with skylight, granite counter-tops with built-in cutting board, additional prep sink, and breakfast bar, top of the line stainless steel appliances: Subzero refrigerator, Dacor wall oven and range, Bosch dishwasher, ample cabinet storage and counter space. Kitchen is open to living room and dining area and has access to the powder bath, office, and mudroom.

Powder bath is unique and artistic with corner vanity with granite counter-top and under cabinet storage, built-in bookshelf, and galvanized steel wainscoting. Office area has built-ins which include a desk, bookshelves, and file cabinet, trimmed with exotic Purple Heart wood. Mudroom area is accessable from the covered breezeway. Main level bedroom/studio is open and light with French double doors off entry and French double doors with access to the courtyard, and high ceilings with two skylights. Main level bedroom/media room has access to back patio and large built-in entertainment center with 51” screen TV. Full bath has large shower with glass block surround and granite counter-tops.

Private upper level master retreat encompasses entire second floor and is a serene in-home get-away. Spacious and bright with vaulted ceilings and large windows, the master suite has a sitting area takes advantage of views, in addition to the energy efficient ground source geothermal heat system throughout, the upper level is also served by geothermal ducted air conditioning, access to large upper level deck with sweeping panoramic views, spacious linen closet, attached master bath, walk-in closet, and access to laundry room. Attached master bath has separate water closet with built-in storage and magazine rack, dual headed shower with glass block surround, soaking tub, vanity with granite counter-tops, and access to laundry room. Laundry room is conveniently located between master bath and walk-in closet with built-in shelves and clothes folding counter. Walk-in closet is spacious and light with skylight with lots of built-in closet organizers and hanging bars and is accessible through the laundry room and main master suite area.

Garden and outdoor areas include approximately 2 acres deer fenced gardens, wonderful paver courtyard with pond, grape arbor, established flower and ornamental gardens, back patio with south facing views and pond, and upper level deck with panoramic views. Out buildings include a shop and barn with pastures. Shop is a steel building on concrete slab with approximately 3000 interior sq. ft., approximately 5200 total covered sq. ft., 400 amp electrical, 3 finished interior rooms, and half bath. Barn is a steel building with earthen floor with approximately 800 sq. ft. and water and electrical. 17 gently sloping pastures are fenced and cross fenced with lanes and electrical fencing and water piped to all pastures. Potential as hobby farm, vineyard or horse property.

MLS#641074
Search for more homes for sale in Corvallis here.

Coldwell Banker | Web “Awesomeness”

Just a little brag-fest. Coldwell Banker awards for an awesome and innovative web site.

Coldwell Banker Wins Two Web Awards for Website Awesomeness.

Want a taste of what makes Coldwell Banker’s web site awesome?  Try BlueScape Search.  It’s a wishing and dreaming rating system that helps you hone in on the the house of your dreams…  Absolutely not the same old thing!

Want to find the home of your dreams?  Get in touch with Dava and let’s get looking.

 

 

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