Author Archives: Amy Manning

Serenity in Beavercreek – $699,900

Nearly 14 private acres in Beavercreek! Approximately 3 acres consist of roughly half of the lake and the remainder deep in the woods in minimally disturbed forest. Click this link for a 2 page printable pdf flyer with all the details! 

New listing! Desirable Westwood Neighborhood Dayranch

Hot new listing in the desirable Westwood neighborhood of Milwaukie! 4+ bedrooms, 3 baths, 2,575 square feet, 2 car garage, .24 acre. Open Saturday, 10/14 from 12-2 Click here for a 2 page printable flyer. $449,900

New listing – sold!

12707 Tidewater Street Oregon City, OR 97045 3 bedrooms, 2 bathrooms, 2 car garage, approximately 1,800 square feet, .15/acre. $399,900

New listing in Milwaukie – bring your paintbrush and make it your own!

Darling Milwaukie bungalow ready for you to make your own! Bring your paintbrush and ideas. The City says the lot is dividable  into two lots, or you could make it a duplex, or even three rowhouses! Please click here for a two page printable flyer. $274,900

New listing. Cute! Cute!

Darling bungalow in the city of Portland – $319,900! (wow)
2 bedrooms – 1 bath –  1,476 total SF
6929 SE 65th Ave. Portland, OR

Calling all budding chefs! The most unique aspect on this darling bungalow is the sizable kitchen… There’s a nice open workspace with ample cabinetry, counters, and a breakfast area (in addition to the formal dining room). Nice mix of hardwood and fir floors. Very cute remodeled bathroom. Bright basement with wide staircase going down and bonus room below for hobby/playroom or…? Level yard with plenty of sunny areas for garden. The neighborhood is within in minutes of Woodstock, Lents, Brentwood Park, and Mt. Scott Park – which has an extensive community center and pool. Click here for a two page printable flyer. Drive by and check it out!

New listing! Sparkling Single Level in Fairway Downs

OPEN SUNDAY 4/9/2017 12-3PM
15067 PEBBLE BEACH DRIVE OREGON CITY, OR 97045
Click on the photos to see them closer, and click here for a printable flyer.

3 bedrooms  –  2 baths  –  1,764 SF  –  2 car garage  –  .19/acre  –  $369,900

The interior is light and bright with many oversized windows and skylights. The layout is a great-room style, with the kitchen, breakfast nook, and family room overlooking the backyard. There is a gas fireplace in the family room. In addition to the family room, a separate formal living room exists with a sitting area overlooking the front yard.

Storage options abound: all closets are generously sized, the 2nd bedroom has double closets, there are 3 hall closets, the kitchen has a large pantry, there are built-in shelves in the garage, and there is a tool shed in the backyard.

The yard has a lot of sunny areas as well as cooling shade in the summer. There is a multitude of mature plantings: maple trees, butterfly bushes, hydrangeas, flowering plum, flowering cherry, heavenly bamboo, rhododendrons, camellia, yucca, iris, forsythia, spirea, ajuga, heather, and more! There is a large deck in the backyard and a front yard patio area.

Appliances are included. Free standing range, refrigerator, dishwasher, built-in microwave, and the high-efficiency washer and dryer are all included with the sale.  

Updates: the home is relatively newer (1998) and still in great shape. Fresh interior and exterior paint. A skylight was replaced. 2 toilets replaced. Carpet in hall and family room recently replaced. The kitchen can lighting was upgraded to LED fixtures.

Utilities: gas heat and hot water. Public sewer and water supply.

The neighborhood: there is a neighborhood park off of Heider. A new park is being developed on Glen Oak Road, ask the Caufield neighborhood association for details. Located about 1 minute driving time to 213, only a few more minutes to 205. Oregon City High is located about 1/2 mile away and the home is located in the Beavercreek and Ogden school boundaries. Check out all that Oregon City has to offer: a highly rated school district, a historic district including a Carnegie library that underwent an impressive $10 million expansion, multiple wineries, u-pick farms nearby, multiple farmers markets, and more! A revitalization of the Blue Heron Paper Mill industrial area and the Willamette Falls on the river is in the works—check out rediscoverthefalls.com for more details!

 

 

House Representative Bill Kennemer speaks to the community

Last night was our monthly Beavercreek Hamlet community meeting, and our guest speaker was Bill Kennemer. Bill spoke at length about real estate issues that are important to me.

Regarding the proposal to limit mortgage interest deduction (links to the bill can be found here) he said that there is currently about 50/50 support and feels that it could pass.

Beyond limiting deductions on primary residences, a huge question exists on how this bill impacts rentals. One of the first lines of the bill states that mortgage interest deductions will be disallowed except for primary residences (which will be limited). Here is the current wording: “Disallows, for purposes of personal income taxation, mortgage interest deduction for residence other than taxpayer’s principal residence.”

My concern regarding this line in the bill is that if mortgage interest is disallowed for rental homes, those rent prices are likely to skyrocket. But those organizations who favor the bill, say that this rule doesn’t apply to rental homes – its just “second” homes (I’m not seeing clear definition on this). Even tax professionals have agreed on this interpretation.

I’ve learned over the years to be skeptical and verify information as much as possible – even when there is a broad consensus – and last night Bill validated my concern that this could impact rentals. He told me that the wording is pretty explicit in disallowing mortgage interest for deductions on anything other than primary, but that behind the scenes amendments are taking place. Some of the revisions include exceptions for rentals, and some of the revisions make it clearer that landlords cannot deduct interest. So… what really passes we won’t know for sure until it goes through.

I’m going to remain somewhat neutral on whether or not the deduction should be granted to landlords. But, what does concern me is that this could have an enormous impact on rent prices, and the public hasn’t had a chance to weigh in.

The good news out of the meeting last night was a discussion on the savings account bill for first-time home buyers. He said that this is getting bipartisan support and is expected to eventually pass once they work out all the information.

The last thought on the deduction: removing these deductions can be passed through the legislature without being voted on.

Representative Bill Kennemer can be reached at repbillkennemer@oregonlegislature.gov for more questions.

On preparing a Market Analysis and the importance of viewing the homes in the report

When I meet with seller clients in discussing listing their home for sale, one of the many things that we discuss is determining an appropriate listing price. I will almost always generate a report called a Market Analysis to help aid our discussions. Most, but not all, agents provide such a report (some agents just give a number, with no evidence supplied on how it was determined).

I feel that it is imperative that clients understand how the recommended price was generated.
One aspect that is rarely discussed in our industry is the importance of driving by properties that are used in the report evaluate the exterior, if the agent has not already seen them.

Yes, this adds literally hours to my process for generating an analysis. But, this gives me SO much more information than relying on the information that is in the database alone, and gives me peace of mind in knowing that I’ve done as much research as possible.

Examples of the information that I obtain from viewing the properties listed in the report: 
-I can see if any major power lines are passing through the property or over the home directly.
-I can determine how busy the road is.
-Similarly, I can determine how much road noise there is from nearby busy roads.
-I will be able to evaluate the entrance to the neighborhood.
-I can see the grade of the driveway to the property.
-I can view more closely neighboring properties.
-Sometimes the condition of the home is more evident in person. I can see paint peeling off the siding or the roof shingles peeling back.
-I can evaluate the house-to-street orientation. Is the home sitting only a few feet back street?
-I can better gauge the distance into town.
-I can view the parking better – is there a good spot for an RV?
-Sometimes the photos that the agents submit are terribly poor in quality and there is no way to know what the home looks like without seeing the home in person.

All of these factors have a tremendous impact on property values. 

For more information on the services I provide to my seller clients, please see my page outlining my Services for Sellers.