JUST LISTED: Coeur d’Alene Lake-View Home with Double Rental Potential!

Lake Coeur d'Alene-view Multi-Level Home

Double Rental Potential!

Multi-Level 3BR/2BA  2601 Sq Ft
300 ft to Water’s Edge & Near Boat Docks
Separate Guest or In-Law Quarters with 2nd Kitchen

$225,000

Enjoy lovely views of peerless Lake Coeur d’Alene from this very spacious Multi-Level home on a treed .33 acre parcel, only 300 ft to the water’s edge! The main level features an updated Kitchen with new appliances & Master Bedroom, plus a deck opening to wide-open lake views. The lower level also has its own lake view from a covered deck. Separate entry opens to the home’s 2nd kitchen, 2 bedrooms & family room. This level would make great Guest or In-Law Quarters! Use your imagination for the 350 sq ft unfinished walkout basement. Man Cave? Workshop? Home Office? Less than 1 mile to Boat Dock. Renovated in 2008, this is a fantastic home, vacation retreat or Potential Double Rental!

Call Christy Oetken

 of Windermere Coeur d’Alene Realty today:

 208-660-0506

 Oetken@RealEstate-Browser.com

Posted on October 13, 2011 at 2:14 pm
Randy and Christy Oetken | Category: Around $200,000, Harrison, Harrison, home, Idaho, Investment Properties, Kootenai County, Lake Coeur d'Alene, Our Listings, Photographs, Pricing, Real Estate, Rental, St Maries & Harrison areas, Vacation or Second Homes, View Property, Water View, Water View, Windermere | Tagged , , , , , , , , , , , , , , , , , , , , , ,

NOW OFFERED: Lakefront Resort/Restaurant on 3.4 Acres or 4.8 Acres

Lakefront Resort

Boat Dock, Restaurant, Lounge, Camping & more on 3+ Acres

Live, work, & play on the waterHauser Lake in gorgeous North Idaho is the perfect venue for your business venture.

This 3+ Acre waterfront resort is a terrific business venture with room to grow.

Lake frontage, beach & boat dock beckon newcomers and returning friends to come and play! Visitors can spend the day swimming or boating in the water, lounging in the sun or the shade on the large lush lawn, and then enjoy a quiet evening under the stars in one of several campsitesGuest accommodations include tent and RV sites with hook-ups and bbq grills. Owners’ quarters may also be available on-site. (See below for purchase/acreage options.)

Hauser Lake Resort is ideal for events of all kinds!

The large 6000 square foot restaurant features indoor water view dining. Or dine “al fresco” in the picnic table seating on the spacious open deck.

The lounge features pool tables and bar with a full liquor license.

Dance floor is perfect for weddings or other group celebrations, and there is plenty of parking. Accommodate 5 or 500 with style and ease.

Happy patrons return year after year.

This property is offered on 3.4 Acres or on 4.6 Acres.

Offered on 3.4 Acres:  $395,000

Offered on  4.6 Acres,  including 2 rental units: $460,000

Acreage includes separate deeded lots for

HUGE Development Potential!

Call

Randy Oetken

 of Windermere Coeur d’Alene Realty
for more details

208-660-0518

Check it out at

www.RealEstate-Browser.com


Take a VIRTUAL TOUR

Posted on September 15, 2011 at 1:56 pm
Randy and Christy Oetken | Category: Acreage, Activities, Businesses for Sale, Commercial, Commercial Property, Community Events, Hauser Lake, Idaho, Investment Properties, Kootenai County, Lakefront Properties, Land, Land, Our Listings, Photographs, Pricing, Real Estate, Rental, Resorts, Resorts, View Property, Virtual Tour, Water View, Water View, Waterfront Properties, Windermere | Tagged , , , , , , , , , , , , , , , , , , , , , , , , ,

GOOD NEWS! Pending Home Sales UP 49%

“The price of new homes is fixin’ to RISE
In other words, Beat the Crowd!”

Hello, Friends!

When was the last time you heard THAT???

Today, we thought we’d pass along this VERY GOOD NEWS to give your spirits a better-than-average lift.  Reading graphs like this is such a pleasure…

Pending Home Sales are UP 49% over last year!

Great news – statisically speaking. Market stats (as provided by the CDA Multiple Listing Service) shows that PENDING HOME SALES ARE UP 49% when comparing May and June of 2010 to May and June of June 2011. Right now a very hot segment of the market are those homes selling for less than $200k. If you are thinking of selling…there are plenty of investors in the market.

Call us for more info if you’re interested in Buying or Selling
We’d love to help you find the perfect property under (or over!) $200K

208-660-0506

Oetken@RealEstate-Browser.com

AND THERE’S MORE!

We thought you would like the article we posted a few weeks ago, originally posted in Fortune Magazine, by Shawn Tully, senior editor-at-large.

Real Estate: It’s Time to Buy Again

Forget stocks. Don’t bet on gold. After four years of plunging home prices, the most attractive asset class in America is housing.…(click on this link to read the entire article)

Enjoy!

Randy & Christy

Posted on July 21, 2011 at 2:48 pm
Randy and Christy Oetken | Category: Bank-Owned, Buyers, Coeur d'Alene, Foreclosures, graph, Home Ownership, Idaho, Interest, Investment Properties, Kootenai County, Market News, Market Value, Mortgage, Multiple Listing Service, New Construction, Our Listings, Price Reduction, Pricing, Real Estate, Rental, Save Money, Sell, Sellers, Short Sale, Taxes | 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 , , , , , , , , , , , , , , , , , , ,

What is the True Cost of the Interest Rate Increase?

Dear Friends,

It’s probably no surprise that rising interest rates have a significant impact on your pocket book.

But how much of an impact?  The True Cost may shock you!

Consider this:

The average stay in a home is 5 to 7 years

according to the National Association of Realtors®.

Knowing you like to stay informed, we have provided three real-world home buying scenarios in the graphics below.  From these hypothetical comparisons, we hope you can get a better idea of the true cost of the interest rate hikes that are expected in the near future.

Assuming that you remain in your new home for 7 years, it is very clear the HUGE impact of rising interest rates. 

WAITING TO BUY could cost you THOUSANDS of dollars!

(Visit our website to view larger PDF graphics of these three scenarios.)

Home “A” Costs $150,000

At the current interest rate of 4.875%, the monthly payment will be $797.

If you wait until the interest rate rises to 6%,
your monthly payment will increase by $85,
for a total annual increase of $1020!

If you stay in that home for 7 years,
you will be spending $7140 MORE!

What could you do with an extra $7140?

Waiting to purchase this $250,000 home could cost you

$140 per month 
$1680 per year

If you stay in that home for 7 years,
you will be spending $11,760 MORE!

What could you do with an extra $11,760?

 

What could you do with an extra

$21,840?

Thinking of buying?  Now is a great time, if you want to save $$ in your monthly budget, as well as over the life of your potential mortgage.

Are you waiting for a lower purchase price?

The “savings” of a few thousand dollars off the purchase price will actually COST you THOUSANDS when the interest rates rise.

Don’t wait to make your next Real Estate move.

Call Now
to take advantage of
High Inventory and Low Interest Rates!

As experienced REALTORS®, and long-time North Idaho residents, we can provide an impressive list of professionals whom we’ve come to trust over the years.  With our expertise in guiding our clients through all kinds of Real Estate transactions, we are uniquely qualified to help you achieve your real estate goals in 2011!  

We’ll help you navigate through every phase of the process.

Put us to work for you!

Randy Oetken  208-660-0518

Christy Oetken  208-660-0506

Oetken@RealEstate-Browser.com

Posted on April 14, 2011 at 1:43 pm
Randy and Christy Oetken | Category: Acreage, Benewah County, Build Your Custom Home, Buyers, Coeur d'Alene, Commercial, Cougar Gulch, Dalton Gardens, Hayden, home, Home Ownership, Idaho, Interest, Investment Properties, Kootenai County, Lake Coeur d'Alene, Luxury, Market News, Mortgage, Mountaintop Listings, New Construction, Our Listings, Post Falls Listings, Premier Property, Pricing, Rathdrum, Real Estate, Rental, Riverfront Properties, Sandpoint, Save Money, Shoshone County, Silver Valley | 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 , , , , , , , , , , , , , , , , , , ,

Ross Point Estates Duplex: Great Rental History

Posted on March 17, 2011 at 1:58 pm
Randy and Christy Oetken | Category: Investment Properties, Kootenai County, Our Listings, Post Falls, Post Falls Listings, Post Falls Listings, Real Estate, Rental, Video | Tagged , , , , , , , , , , , , , , , , , , , , , , , ,

1099 Rental Reporting: What does this have to do with Health Care?

Rental Property Owners have been handed another huge burden for reporting income and expenses in 2011 & 2012.  

The  Small Business Jobs Act of 2010 and Patient Protection and Affordable Care Act, PL 111-148, signed into law in 2010, both beef up 1099 reporting requirements and pentalties for rental property owners.

Between the two acts, Rental Property owners will be responsible for sending 1099’s to perhaps hundreds of service and retail vendors over the next two years.  Corporations are not exempt.

IRS Forms 1099 must be issued by every person in business paying $600 or more during the year for services.  If you pay a plumber to unplug the sink in your restaurant 6 times during the year at $100 a visit, you’ve got to issue a form to your plumber and the IRS.  If your plumber is incorporated, you don’t have to issue the form.  Well, until now. http://blogs.forbes.com/robertwood/2010/11/23/got-irs-forms-1099-more-soon/

Chris Neefus of CNSNews.com explains it this way:

The Patient Protection and Affordable Care Act, President Obama’s health care law, requires that small businesses file a Form 1099-MISC with the IRS for any goods they purchase from an outside vendor valued at over $600.

But the new bill, the Small Business Jobs and Credit Act (H.R. 5297), extends the mandate to private individuals who own property from which they receive rental income. Those people would also now have to fill out paperwork reporting any expenditure they make on that property valued over $600 for the year.

“There’s 10 million people who don’t know that they’re now suddenly going to be required to do this,” Ellis said. “They don’t have to issue them until January 2012 because it’s a 2011 requirement, but they’ve got to start tracking in January (2011). So I hope their internal accounting is good.”

Writing for ATR, Ellis said, “So imagine that you’re renting out your starter condo. You pay a property manager, a plumber, a repairman, a locksmith, a condo association, etc. Imagine having to get a taxpayer identification number, order 1099-MISCs from the IRS, fill them out by hand, keep a copy for yourself, send a copy to each payee (from whom you had to get a tax ID number and other information), and then finally take your legitimate rental deduction. Then the IRS finds some hiccup somewhere, and you get audited — all to placate an insane Congress.”http://www.cnsnews.com/news/article/75911

Quick figuring…At .44 postage per sheet, a ream of paper (which might be required for all those 1099’s) could cost you big.   Do the math:

                          500 Sheets per ream X .44 = $220

How many 1099’s will you be sending?

Not that you could actually PRINT your own 1099’s anyway.  You’ll have to order those from the IRS.  See page 1 of the IRS 1099msc form, which has been generously made available for downloading.  Caveat? You can’t USE the downloadable pdf! It’s not scan-able.  Sorry.  Enticing though it may be, if you send the downloadable PDF, you may be fined $50!)

And…what in the world does this have to do with HEALTH CARE???

This is our government’s version of assisting Small Business??

Posted on December 8, 2010 at 11:26 pm
Randy and Christy Oetken | Category: I.R.S., Market News, Real Estate, Rental | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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