Waterfront Fixer

Here is my newest property listing:
10018SWBunkerTrail.C21.com

View any time this morning with your real estate broker, but without an appointment - or any time after today, by appointment only.

Major fixer with awesome views!

Happy Investing!

Vacation Waterfront with Financing

Always dreamed of your own Puget Sound waterfront home to dock your fishing boat? Fractionalized ownership gives you 100% of the occupancy rights, and 65% of the equity, as the majority owner. Up to ten years - with no payments and no interest - to cash out the other equity partners.

3650 Steelhead Dr, Lagoon Point, Greenbank, Whidbey Island. $400,000 for 65% equity.

https://www.dropbox.com/s/cdkpwjgr1rag45s/Rocheford3650_HD_Final_MJ_2.mp4?dl=0

Here's the description of this home:
Spacious house, with 60' of waterfront on a well-protected canal for crabbing/boat moorage, just a stone's throw to open water of Admiralty Straits on Puget Sound, in a stunning island community. West-facing, spectacular sunsets. Moor your boat on your backyard shared dock, kayak the canals, or fish for salmon from some of the best shore fishing on Whidbey. Beachcomb at the community beach of coveted Lagoon Point.

Watch container ships and cruise ships sail by as you relax on your back deck. Watch the winter storms safely inside by the gas fire. 

Wildlife abounds here: deer, rabbits, ducks, hawks and eagles. Minutes from south Whidbey State Park & the Greenbank Farm, with miles of trails for both dogs & humans. Easy access to Coupeville, Ft. Casey, Freeland, Langley. Only 20 minutes to the ferry!

Buyer has the option of either 65% (at $400,000 purchase price) or 100% (at $525,000 purchase price) of equity ownership. Seller financing available to help with the down payment. Meet one of the owners at the Open House this weekend, tomorrow, Sunday September 3, 2-4p. 

Happy Investing!

Waterfpront Price Drop

This is one of few 3-bedroom homes priced under $600,000, in Western Washington counties of Pierce, King, Snohomish, Kitsap and Island. Don't miss this listing in Lagoon Point, Greenbank on Whidbey Island (NWMLS #1063093)! New Price: $589,950.

https://www.dropbox.com/s/cdkpwjgr1rag45s/Rocheford3650_HD_Final_MJ_2.mp4?dl=0

Here's the description of this home:
Spacious house, with 60' of waterfront on a well-protected canal for crabbing/boat moorage, just a stone's throw to open water of Admiralty Straits on Puget Sound, in a stunning island community. West-facing, spectacular sunsets. Moor your boat on your backyard shared dock, kayak the canals, or fish for salmon from some of the best shore fishing on Whidbey. Beachcomb at the community beach of coveted Lagoon Point.

Watch container ships and cruise ships sail by as you relax on your back deck. Watch the winter storms safely inside by the gas fire.

Wildlife abounds here: deer, rabbits, ducks, hawks and eagles. Minutes from south Whidbey State Park & the Greenbank Farm, with miles of trails for both dogs & humans. Easy access to Coupeville, Ft. Casey, Freeland, Langley. Only 20 minutes to the ferry! 3650 Steelhead Dr, Greenbank, WA.

Seller financing available to help with down payment. Please hit reply if you are interested in more details! 3650 Steelhead Dr, Greenbank.

Happy Investing!

Waterfront Open House Saturday

Always dreamed of your own Puget Sound waterfront home to dock your boat. $600,000 is the price for this affordable listing in Lagoon Point, Greenbank on Whidbey Island (NWMLS #1063093). Open this Saturday April 15 1-3p.

https://www.dropbox.com/s/cdkpwjgr1rag45s/Rocheford3650_HD_Final_MJ_2.mp4?dl=0

Here's the description of this home:
Spacious house, with 60' of waterfront on a well-protected canal for crabbing/boat moorage, just a stone's throw to open water of Admiralty Straits on Puget Sound, in a stunning island community. West-facing, spectacular sunsets. Moor your boat on your backyard shared dock, kayak the canals, or fish for salmon from some of the best shore fishing on Whidbey. Beachcomb at the community beach of coveted Lagoon Point.

Watch container ships and cruise ships sail by as you relax on your back deck. Watch the winter storms safely inside by the gas fire. 

Wildlife abounds here: deer, rabbits, ducks, hawks and eagles. Minutes from south Whidbey State Park & the Greenbank Farm, with miles of trails for both dogs & humans. Easy access to Coupeville, Ft. Casey, Freeland, Langley. Only 20 minutes to the ferry!

Seller financing available to help with the down payment. Contact HomeLandInvestment@gmail.com with any questions or offers.

Happy Investing!

Waterfront Boating Community

This is one of few 3-bedroom homes priced under $600,000, in Western Washington counties of Pierce, King, Snohomish, Kitsap and Island. Don't miss this listing in Lagoon Point, Greenbank on Whidbey Island (NWMLS #1063093)! Open Saturday, 1-3p. 3650 Steelhead Drive, Lagoon Point, Greenbank, Whidbey Island.

https://www.dropbox.com/s/cdkpwjgr1rag45s/Rocheford3650_HD_Final_MJ_2.mp4?dl=0

Here's the description of this home:
Spacious house, with 60' of waterfront on a well-protected canal for crabbing/boat moorage, just a stone's throw to open water of Admiralty Straits on Puget Sound, in a stunning island community. West-facing, spectacular sunsets. Moor your boat on your backyard shared dock, kayak the canals, or fish for salmon from some of the best shore fishing on Whidbey. Beachcomb at the community beach of coveted Lagoon Point.

Watch container ships and cruise ships sail by as you relax on your back deck. Watch the winter storms safely inside by the gas fire.

Wildlife abounds here: deer, rabbits, ducks, hawks and eagles. Minutes from south Whidbey State Park & the Greenbank Farm, with miles of trails for both dogs & humans. Easy access to Coupeville, Ft. Casey, Freeland, Langley. Only 20 minutes to the ferry!

Seller financing available to help with down payment. Please send email to Wendy at HomeLandInvestment@gmail.com if you are interested in more details!

One of the owners is also a licensed broker in the state of Washington.

Happy Investing!

Western Washington Waterfront

There are currently 282 active residential listings for three+-bedroom waterfront homes in King, Kitsap, Pierce, Snohomish and Island counties listed on the NWMLS right now. The least expensive is listed at $74,900 and the most expensive is listed at $28M. Median price is $1.1M.

The three 3-bedroom homes that are under $125,000 are either teardowns, bank-owned, or both. But that doesn't mean there aren't deals out there! There are 49 waterfront properties with less than three bedrooms, priced under $600,000.

56 3-bedroom homes are priced under $600,000, including this listing in Lagoon Point, Greenbank on Whidbey Island (NWMLS #1063093).

https://www.dropbox.com/s/cdkpwjgr1rag45s/Rocheford3650_HD_Final_MJ_2.mp4?dl=0

Here's the description of this home:
Spacious house, with 60' of waterfront on a well-protected canal for crabbing/boat moorage, just a stone's throw to open water of Admiralty Straits on Puget Sound, in a stunning island community. West-facing, spectacular sunsets. Moor your boat on your backyard shared dock, kayak the canals, or fish for salmon from some of the best shore fishing on Whidbey. Beachcomb at the community beach of coveted Lagoon Point.

Watch container ships and cruise ships sail by as you relax on your back deck. Watch the winter storms safely inside by the gas fire. 

Wildlife abounds here: deer, rabbits, ducks, hawks and eagles. Minutes from south Whidbey State Park & the Greenbank Farm, with miles of trails for both dogs & humans. Easy access to Coupeville, Ft. Casey, Freeland, Langley. Only 20 minutes to the ferry!

 
If you are interested in my list of top ten waterfront buys in Western Washington, please message me privately at wendy@c21nwr.com, and

Happy Investing!

Whidbey Waterfront

https://vimeo.com/199684428

http://www.homelandseattle.com/idx/mls-1063093-

Happy Investing!

Puget Sound Waterfront!

Spacious house, with 60' of waterfront on a well-protected canal for crabbing/boat moorage, just a stone's throw to open water of Admiralty Straits on Puget Sound, in a stunning island community. West-facing, spectacular sunsets. Moor your boat on your backyard dock, kayak the canals, or fish for salmon from some of the best shore fishing on Whidbey. Beachcomb at the community beach of coveted Lagoon Point.

Watch container ships and cruise ships sail by as you relax on your back deck. Watch the winter storms safely inside by the gas fire. 

Wildlife abounds here: deer, rabbits, ducks, hawks and eagles. Minutes from south Whidbey State Park and the Greenbank Farm, with miles of trails for both dogs and humans. Easy access to Coupeville, Ft. Casey, Freeland, Langley. Only 20 minutes to the ferry!

House is vacant, show any time. Access by NWMLS keybox. Listed at $599,999.
 
MLS #1063093

Happy Investing!

Puget Sound Waterfront

Sotheby's International Realty reports on the first quarter of activity around the sale of waterfront homes in the four-county region of Puget Sound.

As you might expect, demand for waterfront in the Puget Sound region is rather seasonal – not only because buyers surface when the sun comes out but because brokers and sellers are more inclined to list properties during the peak sales season of April through October each year.  Therefore the first quarter trends lead into pivotal April statistics, which provides a glimpse of how the following sales season will respond.  Here’s a hint – it’s going to be hot!

4 County (King, Pierce, Kitsap and Island) Waterfront Homes For Sale in April 2015: 756 properties
Up 16.3% compared to the last month
Down 10.3% compared to the last year

4 County Waterfront Closed in April 2015: 163 properties
Up 28.3% compared to the last month
Up 53.8% compared to the last year

4 County Home Placed under Contract in April 2015: 235 properties
Up 23% compared to the last month
Up 50.6% compared to the last year

The average selling price of waterfront homes by County was:

Island - $477K

Pierce - $483K

Kitsap - $635K

King - $1.186M

For the central Puget Sound region including King, Kitsap, Snohomish and Pierce counties the long term trend has been for fewer new listings, increasing sales and expanding demand since the market rebound began in 2012.  

From a macro perspective median home prices along the water’s edge have increased at least 5-percent per annum but far more extraordinary trends can be found when exploring microclimates such as West Bellevue where demand for waterfront has reached a boiling point.   For example the greater Eastside lakeside market has experienced an 87.5-percent increase in homes placed under contract in April compared to the prior year and that’s only what is published with the Northwest Multiple Listing Service – private and off-market transactions only add to the spectacle.  

By numerous accounts wealthy Chinese nationals are amongst the top consumer group.  It helps too that the local economy and the surrounding single family home markets are robust allowing move-up buyers to successfully sell their current house and explore the waterfront lifestyle they’ve long desired.

 Please email HomeLandInvestment@gmail.com for a complete list of waterfront properties for sale in your favorite Puget Sound location.

Happy Investing!

King County Waterfront under $400K!

There are 33 active listings of waterfront property in King County for sale for under $400,000. They range in price from $125,000 to $399,000. The average listing has two bedrooms, one bath and is listed for $299,000, on the market for approximately 90 days. The largest has five bedrooms, 2.5 baths in over 2800 sf of living space and is listed for $399,000.

For a complete list with photos of residential waterfront properties for sale in King County, please contact HomeLandInvestment@gmail.com or call 888-621-4999.

Happy Investing!

King vs. Kitsap Waterfront

Here are ALL the 3BR waterfront homes that sold for under $300K in the past three months in King County:

27319 SE 306th St Black Diamond 3BR/2BA 1300sf .3ac $151,052
Driving time to downtown Seattle (according to Mapquest): 52 minutes*

17408 SE 196th Dr Renton 3BR/1BA 1470sf 5ac $292,972
Driving time to downtown Seattle (according to Mapquest): 32 mins*

Here are ALL the 3BR waterfront homes currently listed for under $300K in King County:

3808 I Place NE Auburn $175,000

Drive time: 31 mins*


5124 S 234th St Kent $194,950

Drive time: 26 mins*


29641 196th Ave SE Kent $245,000

Drive time: 45 mins*


14824 439th Place SE North Bend $250,000

Drive time: 38 mins*


3713 S 272nd St Kent $285,000

Drive time: 24 mins*

*Add 50% for rush hour and traffic accidents

And here is what you can get in Kitsap, just a 3 mile drive to a scenic one-hour ferry ride from downtown Seattle:

2525 Rocky Point Road NW 3+BR/2.5BA 2323sf .5ac 120' of saltwater frontage w/boat dock, boat launch, bulkhead + outdoor firepit $280,000
see www.RockyPointRoadNW.com for more details

Why fight the traffic? Kitsap County has more miles of shoreline than any other Washington county! Live on the water for an affordable price; and sleep, work or sightsee on your commute into downtown Seattle!

HURRY! Still time to take advantage of the Home Buyer Tax Credits before they expire April 30! Contact me for details.

Hurry on Waterfront before Tax Credits Expire Next Week!

Must sell! 3+ BR home on TWO tax lots w/sunset views, dock, 120' no-bank WFT. $100K below tax value! EZ commute to dwtwn Seattle. Just $280,000 OBO. Open House this Sunday 2-4pm. www.2525RockyPointRoadNW.com

FREE list of waterfront properties like the one above, priced under $300,000 in King, Pierce, Snohomish and Kitsap Counties on fresh and saltwater frontage. NOW is the time to buy waterfront! Hurry and make an offer before the Homebuyer Tax Credits expire on April 30th! For your free list of waterfront bargains, including fixers, short sales and REOs (or for more details on the home above), contact HomeLandInvestment@gmail.com

Easter Sunday Waterfront Open Houses

Wendy Ceccherelli | 888-621-4999 2525 Rocky Point Road, Bremerton, WA Spacious house on 120' of no-bank waterfront 4BR/2+1BA Single Family House offered at $300,000 Year Built 1961 Sq Footage 2,323 Bedrooms 4 Bathrooms 2 full, 1 partial Floors 2 Parking 2 Car garage Lot Size 22,000 sqft HOA/Maint $0 per month DESCRIPTION FREE LIST OF KITSAP WATERFRONT PROPERTIES UNDER $400k at today's Easter Sunday waterfront open house, 2-4 pm, 2525 Rocky Pt Rd Nw! More miles of shoreline than any other county in Washington State, with waterfront property at surprisingly affordable prices and within easy proximity to Seattle and Tacoma, Kitsap County offers some of the most picturesque scenery in the Puget Sound. Our featured property is this 1960’s Northwest contemporary home with spacious 2323 sq ft, priced below market for a quick sale (currently listed with adjacent parcel for $390,000)!! Just 3 miles from the Seattle ferry dock! Home boasts a main floor entry which leads into a dramatic great room with floor-to-ceiling windows, new hardwood flooring, refurbished kitchen cabinets, and vaulted ceiling atop heavy timber construction. Located off the main living area, the custom kitchen includes tiled counters, skylight, and JennAir cooktop range. The main level has three carpeted bedrooms with good-sized closets. A separated full bath is located in the main hallway, with one room having a tub/shower combo and vanity, and the adjacent room with a toilet and vanity. The large master suite has a vaulted ceiling, double closets with louvered doors, and private bath, with two skylights, double vanity, vinyl flooring, and tiled shower and countertops. The finished, daylight basement level of the house opens to a large family room with views of the water, a wood stove fireplace, and its own separate lower level entry from the yard or from the garage. An additional ¾ bath is located off the lower level bedroom. The lower level also has a built-in one-car carport and a one-car garage. Adjacent parcel with three car garage, RV carport and shop, may be purchased separately. The house has been well-maintained with new septic (2004), new roof (2006), and new oil furnace (2006). Now with new hardwood flooring, new dock, refurbished cabinets!! Potential renovations for additional equity might include bathroom and kitchen upgrades and adding a downstairs kitchen to create an ADU or MIL unit. Don't wait long!Check Zillow and CyberHomes to verify this big bargain! Please go to www.2525RockyPointRoadNW.com for more photos and documents. Stop by the Open House today, between 2 and 4 pm for our FREE listing of AFFORDABLE waterfront properties for sale in Kitsap, all listed under $400K! Find out why Money magazine voted the Bremerton/Silverdale area among the top areas in which to invest in housing!! see additional photos below PROPERTY FEATURES - Central heat - High/Vaulted ceiling - Family room - Office/Den - Dining room - Dishwasher - Refrigerator - Stove/Oven - Microwave - Basement - Laundry area - inside - Balcony, Deck, or Patio - Yard COMMUNITY FEATURES - Garage parking - Covered parking - Laundry on-site OTHER SPECIAL FEATURES - Private boat ramp, boat dock, 1 cozy wood stove fireplace, skylights, JennAir cooktop ADDITIONAL PHOTOS firepit on water's edge Photo 1 Photo 1 Photo 2 Photo 1 Photo 1 Contact info: Wendy Ceccherelli 888-621-4999 For sale by agent/broker Equal Opportunity Housing Posted: Apr 4, 2010, 7:42am PDT

Price Reduced! Exceptional Waterfront Value!

Beautiful sunset waterfront property a steal at this new price! Just $300K!!!Spacious, secluded home on 120' of no-bank waterfront
w/boat dock, boat launch & outdoor firepit in coveted Rocky Point neighborhood! Views from every room, incl all 4BRs & huge decks for
entertaining! Abundant wildlife, gorgeous sunsets, mature landscaping in wooded, parklike setting. Bring your kayak! Pre-inspected, w/AHS
Home Warranty. Cash flow rental? B&B? MIL/ADU duplex? Best value for Kitsap waterfront!
Possible seller financing with top offers. Adjacent (buildable) .7acre parcel may be purchased separately. For more details, email HomeLandInvestment@gmail.com

Waterfront Bargain Property Bus Tour

Come join us on a Sunday afternoon bus tour focusing on Kitsap waterfront properties at great prices, including distressed properties, foreclosures, bank-owned properties and properties we consider to be bargain waterfront deals! More miles of shoreline than any other county in Washington State, with waterfront property at surprisingly affordable prices and within easy proximity to Seattle and Tacoma, Kitsap County offers some of the most picturesque scenery in the Puget Sound. The next bus tour is scheduled for Sunday, February 28th from 1-4 pm. This tour begins at 2525 Rocky Point Road in Bremerton. Please RSVP to HomeLandInvestment@gmail.com as space is limited for these tours.

Lease Option on Rocky Point Waterfront Home

Here is a case study of how I might work with a lease-option buyer on the purchase of the property highlighted in the last few blogs. In my next blog, I will discuss how an investor would profit by underwriting the mortgage for the lease-option buyer.

On a lease option, I typically pay the selling agent 1% of their commission up front, and the remainder when the option is exercised. So the down payment has to cover commission costs, option fee, and other related costs. I typically like to see 3 1/2 - 5% down as a non-refundable option fee. I used to bump up the purchase price by about 10% per year for seller financing and future value on an option, but in this market I'd be okay with $357,500 as a purchase price in three years for the house parcel.

Monthly payments should be equivalent to what monthly payments would be on the take-out loan, including taxes and insurance. Lenders like to see this too, as it demonstrates ability to repay.

If the buyer went FHA with a loan amount of $345,000, the FHA funding fee would be $6,000 so the loan would be for $351,000 then the payment with a 5.50% rate would be $1993 plus $161 for Mortgage Insurance (MI), and $308 for taxes and $50 for a total of $2512 a month.

Assuming the buyer put $12,500 down as an option fee (applied toward the purchase price), then monthly payments on the loan amount above would be roughly $2500 with taxes and insurance. I would be willing to apply $500 of the monthly rent as rent credit towards the purchase price, assuming payments were made on time.

At the end of the three year term, the house would be purchased for $357,500 less the option fee of $12,500 and rent credits of $18,000. The loan amount would actually be for $337,000--and payments would be even less per month. This is a good option for a buyer who cannot qualify for a loan today, but may in 2-3 years.

Featured Waterfront Under $400K!

FREE LIST OF 37 KITSAP WATERFRONT PROPERTIES UNDER $400k! Here's one featured property: Craigslist special price on 1960’s Northwest contemporary home with spacious 2323 sq ft, priced below market for a quick sale (currently listed with adjacent parcel for $390,000)!! Just 3 miles from the Seattle ferry dock! Home boasts a main floor entry which leads into a dramatic great room with floor-to-ceiling windows, new hardwood flooring, refurbished kitchen cabinets, and vaulted ceiling atop heavy timber construction. Located off the main living area, the custom kitchen includes tiled counters, skylight, and JennAir cooktop range. The main level has three carpeted bedrooms with good-sized closets. A separated full bath is located in the main hallway, with one room having a tub/shower combo and vanity, and the adjacent room with a toilet and vanity. The large master suite has a vaulted ceiling, double closets with louvered doors, and private bath, with two skylights, double vanity, vinyl flooring, and tiled shower and countertops. The finished, daylight basement level of the house opens to a large family room with views of the water, a wood stove fireplace, and its own separate lower level entry from the yard or from the garage. An additional ¾ bath is located off the lower level bedroom. The lower level also has a built-in one-car carport and a one-car garage. Adjacent parcel with three car garage, RV carport and shop, may be purchased separately. The house has been well-maintained with new septic (2004), new roof (2006), and new oil furnace (2006). Now with new hardwood flooring, new dock, refurbished cabinets!! Potential renovations for additional equity might include bathroom and kitchen upgrades and adding a downstairs kitchen to create an ADU or MIL unit. Don't wait long! Buy direct--This great price is available without real estate commissions! Check Zillow and CyberHomes to verify this big bargain! Priced as is, discount w/o real estate commissions....Buy direct from Agent/Owner for this great price! Please go to www.2525RockyPointRoadNW.com for more photos and documents. Leave a comment below to request our free listing of 36 other waterfront properties for sale in Kitsap, all listed under $400K! Find out why Money magazine voted the Bremerton/Silverdale area among the top areas in which to invest in housing!!