Neighborhood of the week: Harbor View Estates

cdapressReblogged from the Coeur d'Alene Press

Originally Posted: Sunday, January 25, 2015 12:00 am

By BETH HANGGELI/Special to The Press

When you travel south from Coeur d'Alene on Highway 95, it's as if you're entering another world. You trade people and traffic for cattle, horses and elk; prairies and mountains for forested hillsides and pastoral flats.

However, the lake is a constant, stretching 25 miles south of town. Head east from Highway 95 and within minutes, you're gazing at its crystal blue waters. And if you turn onto Kidd Island Bay Road and wind your way through the varied, forested terrain, you'll soon find yourself gazing at those waters from Harbor View Estates.

ROCO Habor View
Randy and Christy Oetken are Realtors with Windermere Coeur d'Alene Realty, representing Harbor View Estates. Photo by BETH HANGGELI

Harbor View Estates is a gated neighborhood located approximately 18 minutes south of Coeur d'Alene. It's a quiet, serene, exclusive community of high-quality homes, with spectacular lake views, towering trees, and abundant wildlife.

"It's a very unique subdivision further out of town, upscale and well maintained," said Randy Oetken, a Realtor with Windermere Coeur d'Alene Realty, representing Harbor View Estates.

"It is a wonderful development, really," said Christy Oetken, also a Realtor with Windermere.

The first thing you notice when you enter this secluded neighborhood – well, besides the trees, wildlife, beautiful homes and incredible views – is how peaceful it is. "The really nice thing is that it's very quiet," Christy said. "There's no freeway or railroad noise. That's the hardest thing to find and still be close to town."

Lots are generally between .39 of an acre and 3 acres, with interior lots averaging .5 acres; most have breathtaking lake or territory views. Houses are scattered throughout the neighborhood, tucked into forested corners, clinging to rocky hillsides, nestled in lavishly landscaped nooks. And everywhere, there are trees. "The properties up here give the owners room to stretch out," Randy said. "Being as though they're on acreage, it's nice; you can get some distance between neighbors."

OLYMPUS DIGITAL CAMERA
The stately homes in Harbor View Estates, are on larger lots, most with abundant natural landscaping and many with stunning lake views.

The developers left naturally landscaped green spaces throughout the neighborhood, and the larger lot sizes mean that there's plenty of natural terrain between the homes. "You have plenty of green space of your own," Christy said. There are a few lots available, both interior and lakeview, if you'd like to build your dream home in this serene neighborhood.

The HOA has a dedicated website to help keep residents informed, and a board of directors that guide the association. Dues are around $95/month, which include water and sewer services as well as maintenance of the roads and common areas, such as the waterfront picnic area and beach. They have their own water and sewage treatment plants.

The HOA pays close attention to every detail in this community, down to requiring builders to sweep the streets each evening, once the day's construction work is done. "The HOA has done a magnificent job maintaining the neighborhood," Christy said. "They've done a good job protecting the quality."

Residents have access to the community beach and pavilion, perfect for swimming or picnicking with family and friends on warm summer afternoons. There's a 17-slip marina owned by the Harbor View Boat Association; slips may become available for lease or purchase from time to time, but interested parties must contact that association directly.

A number of the area's premier homebuilders are represented in Harbor View Estates, such as JLR Developments. President and owner Joe Rumore has been building quality homes in North Idaho for 20 years. His houses regularly appear in the Parade of Homes, and has built in Selkirk Meadows and on Grandview in Hayden, among other prime locations.

"There's a nice variety of architectural styles," Randy said. "It's definitely not a cookie-cutter neighborhood." You'll find log homes next to Northwest Craftsman homes next to brick homes; actively enforced CC&Rs and architectural restrictions help protect their value.

Prices for properties in Harbor View Estates start at $350,000 and go up to $2 million. In 2014, homes that sold were priced from $375,000 to $950,000. There are currently two on the market, ranging from $599,900 to $1,595,000.

Residents take full advantage of the security of their gated community, walking the winding roads and enjoying the views of the lake. You'll find abundant wildlife: deer browse along the sides of the roads and nestle in front yards on sunny winter afternoons, and flocks of wild turkeys are a constant source of entertainment.

As the HOA website states, "Stop and listen to the quiet. It is remarkable."

If you're interested in owning one of the stately homes in this serene neighborhood, contact Randy and Christy Oetken at (208) 660-0506 for more information on the available properties in Harbor View Estates.

If there's a neighborhood that you'd like to see featured in this series, please contact Beth Hanggeli at (208) 659-8367 or bhanggeli@cdapress.com.

Neighborhood of the week: Harbor View Estates

Posted on January 26, 2015 at 1:03 pm
Randy and Christy Oetken | Category: Browser, Browser's Friends, Business, Buyers, Coeur d'Alene, Coeur d'Alene Listings, Harbor View Estates, Idaho, Kootenai County, Lake Coeur d'Alene, Lake View, Lakefront Properties, Luxury, Market Analysis, Market News, Market Value, Premier Property, Press Releases about the Oetkens, Real Estate, Trakker, Trakkers Tail, Water View, Water View, Windermere | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , ,

Bush Tax Cuts May Expire January 1: Homeowners of $1 M+ Properties Beware

Bush Tax Cuts May Expire January 1: Homeowners of $1 M+ Properties Beware

Capital_gains_tax

Do you own a home valued over 1 million dollars? Beware! Congress may allow the Bush Tax Cuts to expire on January 1, 2013. What does this mean for homeowners of properties valued over $1,000,000? Capital Gains taxes may rise as high as 20% from the current 15%. CNBC reports that if these go into effect, wealthy home owners could owe millions of dollars more in taxes on their home sales. Because Bush Tax Cuts may expire January 1, Homeowners of $1 M+ Properties are contacting REALTORS across the country, hoping to get their home on the market and sold before January 1.

Source: “Wealthy Home Owners Brace for ‘Mansion Cliff,’” CNBC (July 13, 2012)

But don’t panic! Regardless of the rate rise, the $500,000 capital gains exclusion remains in effect. This means that, under the current federal Tax Code, any sales gain of $250,000 or less for single filers and $500,000 or less for married couples filing jointly will still be exempt from capital gains tax. So…is it time to rush right out and sell your $1,000,000+ property? Can you afford to take your time? The best way for you to make that decision is to call The Oetkens! We have our finger on the pulse of the North Idaho Real Estate Market, and we keep a close eye on the news, politics, and other factors that can have a major influence on the Coeur d’Alene Real Estate market. Let’s start by establishing the current market value of your property.

Call us today for a complimentary Comparative Market Analysis.

Randy or Christy Oetken

208-660-0506

Oetken@RealEstate-Browser.com

Once we establish the value of your property, then we can help you determine the wisest course of action based on your specific circumstances. We’re in the business of helping you Own The Lifestyle. We have proven strategies for optimizing your Real Estate Investment Portfolio, and we have the experience, education and expertise you can trust. Call us today! Call

Randy or Christy Oetken

of

Windermere Coeur d’Alene Realty

208-660-0506

Oetken@RealEstate-Browser.com

For more information on our local Real Estate Market, visit

www.RealEstate-Browser.com/MarketNews

Posted on August 1, 2012 at 12:13 pm
Randy and Christy Oetken | Category: Home Ownership, I.R.S., Luxury, Market Analysis, Market News, Market Value, Premier Property, Real Estate, Save Money, Sell, Sellers, Taxes

Register for the Windermere Market Forum & Luncheon at the Garden Plaza of Post Falls

We will be presenting The Windermere Report: 2011 Market Review and discussing how 2011 trends may affect our local Real Estate market in 2012 and beyond.

Please DO JOIN US to find out about the market in North Idaho and how it will affect YOU.

We have WINNING STRATEGIES for your Real Estate investment portfolio. Hope to see you there!

~Randy & Christy Oetken

208-660-0506

Please Join Us for Lunch

Windermere Market Review 2011

Posted on March 8, 2012 at 1:17 pm
Randy and Christy Oetken | Category: Market Analysis, Market News | Tagged , , , , , , , ,

Windermere Market Review for 2011 is Available Now

The annual Windermere Market Review is now available.
Call to get your copy today!
We’d love the opportunity to use that information to help you
achieve your Real Estate goals.

Let’s get together to review your
portfolio and to plan your investment strategies for 2012.

Randy & Christy Oetken

208-660-0506

Oetken@RealEstate-Browser.com

What is your home worth in today’s market?

Call for your FREE Comparative Market Analysis.

Posted on February 9, 2012 at 2:44 pm
Randy and Christy Oetken | Category: home, Idaho, Investment Properties, Kootenai County, Market Analysis, Market News, Market Value, Statistics, Stats, Windermere | Tagged , , , , , , , , , , , , , , ,

North Idaho Real Estate Market Stats: Residential Coeur d’Alene MLS January 1 – December 31 2011

What is Your Home Worth?

Are you interested in what your home is worth in today’s market?

We can help you get the most for your real estate investment.

Give us a call for a Free Market Analysis.

~Randy, Christy & “Trakker

Call us today!
208-660-0506

Want to know more about what’s going on in our area? We post Market News regularly on each of these internet sites:

Check out our blog
 http://realestatebrowser.wordpress.com/category/market-news/

Like us on Facebook
The Oetken Group: Own The Lifestyle

Visit our Website
 http://www.realestate-browser.com

Posted on January 31, 2012 at 2:02 pm
Randy and Christy Oetken | Category: Market Analysis, Market News, Market Value, Multiple Listing Service, Statistics, Stats, Windermere | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , ,

What is Your Home Worth?

Are you interested in what your home is worth in today’s market?

We can help you get the most for your real estate investment.

Give us a call for a Free Market Analysis.

~Randy, Christy & “Trakker

Call us today!
208-660-0506

Want to know more about what’s going on in our area? We post Market News regularly on each of these internet sites:

Check out our blog
 http://realestatebrowser.wordpress.com/category/market-news/

Like us on Facebook
The Oetken Group: Own The Lifestyle

Visit our Website
 http://www.realestate-browser.com

Posted on January 31, 2012 at 1:58 pm
Randy and Christy Oetken | Category: Free, Market Analysis, Market News, Market Value, Multiple Listing Service, Statistics, Stats, Windermere | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , ,

OPEN HOUSE THIS SATURDAY: .92 Acre Dalton Gardens Home, Possible In-Law Quarters

Open House

Saturday, June 4

12 – 3pm

LEASE/OPTION AVAILABLE! 
Dalton Gardens Home on .92 Acre
4 Beds, 2 Baths
3184 Sq Ft

Main Level Suite includes Bedroom, Living Room, Craft/Office & Private Patio.
Will this be quarters for In-Laws, Guests or yourself?

$259,000

6471 16TH STREET DALTON GARDENS

 

 

6471 16TH STREET DALTON GARDENS

Directions:
Hwy 95, E on Hanley, N on 16th to sign

Call

Christy Oetken

208-660-0506

Oetken@RealEstate-Browser.com

 

Posted on June 3, 2011 at 1:26 pm
Randy and Christy Oetken | Category: Activities, Coeur d'Alene, Coeur d'Alene Listings, Community Events, Curb Appeal, Dalton Gardens, Dalton Gardens Listings, home, Idaho, Kootenai County, Luxury, Market Analysis, Open Houses, Our Listings, Photographs, Pricing, Real Estate, Save Money | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Should I Buy or just Rent? A Cost/Benefit Analysis

You might be surprised to find that a careful Cost/Benefit Analysis still favors BUYING, despite increasing interest rates.  Here’s one scenario:

What Does Opportunity Cost Mean?
Here is a great explanation we found at www.investopedia.com:
1. The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action.2. The difference in return between a chosen investment and one that is necessarily passed up. Say you invest in a stock and it returns a paltry 2% over the year. In placing your money in the stock, you gave up the opportunity of another investment – say, a risk-free government bond yielding 6%. In this situation, your opportunity costs are 4% (6% – 2%).
 
 
Investopedia Says
Investopedia explains Opportunity Cost
1. The opportunity cost of going to college is the moneyyou would have earned if you worked instead. On the one hand, you lose four years of salary while getting your degree; on the other hand, you hope to earn more during your career, thanks to your education, to offset the lost wages.Here’s another example: if a gardener decides to grow carrots, his or her opportunity cost is the alternative crop that might have been grown instead (potatoes, tomatoes, pumpkins, etc.).In both cases, a choice between two options must be made. It would be an easy decision if you knew the end outcome; however, the risk that you could achieve greater “benefits” (be they monetary or otherwise) with another option is the opportunity cost.

Of course, we realize that every situation is unique. 
We’d love to help you decide if buying is right for you.  Let us help you calculate your own Cost/Benefit Analysis.
 
Contact Randy & Christy Oetken for more information!

208-660-0506

Posted on April 14, 2011 at 2:11 pm
Randy and Christy Oetken | Category: Buyers, Home Ownership, Idaho, Interest, Market Analysis, Market News, Market Value, Mortgage, Our Listings, Pricing, Real Estate, Rental, Save Money | Tagged , , , , , , , , , , , , , , , , , , ,

Oetkens Named 2011 Windermere Coeur d’Alene Realty Top Listers

Here’s a “sneak peek” at our Front Page Ad that will be published in tomorrow’s Coeur d’Alene Press.

 Thinking of selling?  We’re hard workers.  Put us to work for you!

Call us for your FREE Comparative Market Analysis. 

To see what your home, land, investment or commercial property is worth in today’s market, call

Randy Oetken
208-660-0518

or

Christy Oetken
208-660-0506

of
Windermere Coeur d’Alene Realty

Oetken@RealEstate-Browser.com

We will work hard for YOU!

Visit our websites:

www.RealEstate-Browser.com

www.OwnTheLifestyle.com

 

Posted on April 14, 2011 at 1:10 pm
Randy and Christy Oetken | Category: Acreage, Bank-Owned, Coeur d'Alene, Commercial, Free, home, Idaho, Investment Properties, Kootenai County, Lake Coeur d'Alene, Market Analysis, Market News, Market Value, Our Listings, Photographs, Press Releases about the Oetkens, Pricing, Real Estate, Rental, Sell, Sellers | Tagged , , , , , , , , , , , , , , , , , , ,

4 big money mistakes of first-time homebuyers

First-time homebuyers almost always make a few mistakes when buying their home. Perhaps they pay too much, choose the wrong type of mortgage or neglect to budget for needed home improvements.

Working with a trustworthy, experienced lender can help prevent such mistakes. But consumers also need to take responsibility for their budgets and choices.

“Before buying a home, consumers need to develop a short- and long-term perspective on their purchase,” says Michael Harrison, area director for MetLife Home Loans in Southwest Ohio.

Following are the four biggest financial mistakes of first-time homebuyers:

Spending the maximum on housing

Lenders qualify buyers based on their incomes and debt-to-income ratios without considering how much the borrowers spend on items such as transportation, savings, food and other necessities.

“A lot of first-time buyers are optimistic about the future and excited about buying a home, so they borrow the absolute maximum they can afford instead of allowing themselves wiggle room for a partial loss of income or for future expenses such as children,” Harrison says.

Financial experts recommend that consumers decide how much they want to spend each month on housing before meeting with a lender.

“Every buyer should create their own budget and know their limits,” says Stephen Adamo, president of Weichert Financial Services in Morris Plains, N.J.

Adamo says many first-time homebuyers experience a sizable change in their housing payments. Some new owners may go from $500 per month in rent to a monthly mortgage payment of $2,000, he says.

“You need to deal with payment shock,” Adamo says.

Not getting prequalified early enough
Meeting with a lender for a buyer consultation and prequalification for a mortgage should be the first step toward homeownership. Yet many first-time homebuyers wait until they are ready to start house hunting before contacting a lender.

It’s never too early to set up a free buyer consultation with a lender,” Adamo says. “Every buyer needs to get prequalified early enough in the process so that they can make some changes if they need to or correct errors on their credit report.”Some buyers may need to spend up to a year saving more money, increasing their incomes or cleaning up their credit before making an offer on a home.A buyer consultation should include creating long-term financial goals and strategies for buying property, Adamo says.

Misunderstanding the importance of a high credit score

While most consumers know it’s important to have a high credit score, not everyone understands how costly a low score can be.

All mortgage lending is done with a tier of interest rates and terms based on consumer credit scores,” Harrison says. “A credit score of 720 or above will earn you the best rates and can potentially save you thousands of dollars.”

A score of 680 to 720 can get you good mortgage rates, while a FICO score of 620 is usually about the lowest score to qualify for most loans, Harrison says.

Consumers should learn about credit scores the minute they start working, Harrison says.

Websites such as Bankrate provide information about how to improve your credit score.

Even after a mortgage approval, consumers must avoid applying for new credit or taking on new debt, Adamo says, because a second credit check is often required before settlement.

Choosing the wrong mortgage product

First-time homebuyers today typically opt for a 30-year fixed-rate mortgage. Their conservatism is a reaction to stories about the dangers of interest-only mortgages and adjustable-rate mortgages.

But Harrison says home loan alternatives to a 30-year-fixed sometimes make more sense. For example, buyers certain they will be relocated by their companies within five years may find a 5/1 ARM “could be a much better mortgage,” he says.

“There’s no reason to pay a premium for a product you don’t need like a 30-year loan,” Harrison says.

Homebuyers eager to build equity in their homes or who are older and want to live mortgage-free in retirement should consider a 15-year fixed-rate loan or, if they can afford it, even a 10-year mortgage to reach their goals.

Read more: http://www.bankrate.com/finance/real-estate/4-big-money-mistakes-of-first-time-homebuyers-1.aspx

Posted on April 13, 2011 at 12:48 pm
Randy and Christy Oetken | Category: Build Your Custom Home, Buyers, home, Home Ownership, Market Analysis, Market News, Mortgage, Our Listings, Photographs, Pricing, Real Estate, Save Money | Tagged , , , , , ,

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