Market Stats

Average sales prices are up in 2015 from 2014

Market States Postcard 2015 Front

Posted on February 19, 2016 at 11:46 am
Randy and Christy Oetken | Category: Coeur d'Alene, Idaho, Kootenai County, Pricing, Uncategorized

Under Contract in Just 2 Days!

It only took 2 Days and this Beautiful Post Falls Country Estate is already under contract!

Drive up the paved country lane to this impressive Gated Country Estate with stunning valley views! Bask in the sunlit rooms with huge windows throughout. This impeccable 5039 square foot home with 5 bedrooms and 4 baths enjoys an impressive list of amenities that include gorgeous hardwood floors, lovely kitchen, spacious rooms & Master Suite, library, office. Includes an adorable 900+ sq. ft. guest house, 30 x 40 shop, outbuildings all on a 10 acre park like setting.

Posted on October 24, 2013 at 10:04 am
Randy and Christy Oetken | Category: Uncategorized

The Fiscal Cliff Deal… and How it Affects YOU!

Many of you may be wondering how the FISCAL CLIFF deal affects you and what the Real Estate Tax Extenders will be in 2013. This is just in from the MLS so we thought we would pass it along to you:

On Jan. 1 both the Senate and House passed H.R. 8 legislation to avert the “fiscal cliff.” The bill was signed into law by President Barack Obama on Jan. 2. Below is a summary of real estate related provisions in the bill:

Real Estate Tax Extenders

• Mortgage Cancellation Relief is extended for one year to Jan. 1, 2014

Deduction for Mortgage Insurance Premiums for filers making below $110,000 is extended through 2013 and made retroactive to cover 2012

• 15-year straight-line cost recovery for qualified leasehold improvements on commercial properties is extended through 2013 and made retroactive to cover 2012

• 10 percent tax credit (up to $500) for homeowners for energy improvements to existing homes is extended through 2013 and made retroactive to cover 2012 Permanent Repeal of Pease Limitations for 99% of Taxpayers Under the agreement so called “Pease Limitations” that reduce the value of itemized deductions are permanently repealed for most taxpayers but will be reinstituted for high income filers. These limitations will only apply to individuals earning more than $250,000 and joint filers earning above $300,000. These thresholds have been increased and are indexed for inflation and will rise over time. Under the formula, the amount of adjusted gross income above the threshold is multiplied by 3 percent. That amount is then used to reduce the total value of the filer’s itemized deductions. The total amount of reduction cannot exceed 80 percent of the filer’s itemized deductions. These limits were first enacted in 1990 (named for the Ohio Congressman Don Pease who came up with the idea) and continued throughout the Clinton years. They were gradually phased out as a result of the 2001 tax cuts and were completely eliminated in 2010-2012. Had we gone over the fiscal cliff, Pease limitations would have been reinstituted on all filers starting at $174,450 of adjusted gross income.

Capital Gains:

Capital Gains rate stays at 15 percent for those in the top rate of $400,000 (individual) and $450,000 (joint) return. After that, any gains above those amounts will be taxed at 20 percent. The $250,000/$500,000 exclusion for sale of principal residence remains in place.

Estate Tax:

The first $5 million dollars in individual estates and $10 million for family estates are now exempted from the estate tax. After that the rate will be 40 percent, up from 35 percent. The exemption amounts are indexed for inflation.

Posted on October 24, 2013 at 9:54 am
Randy and Christy Oetken | Category: Uncategorized

The new 3.8% Real Estate Sales Tax from the Patient Protection and Affordable Care Act

Nar_3point8_tax

The new 3.8% Real Estate Sales Tax from the Patient Protection and Affordable Care Act

Will I be taxed 3.8% when I sell my home according to the new Health Care Law? Beginning January 1, 2013, a new 3.8 percent tax on some investment income will take effect. It’s a complicated tax, and will affect only some real estate transactions. Here are some quick facts about the new 3.8% Real Estate Sales Tax from the Patient Protection and Affordable Care Act Applies to:

Types of Income:

Formula: The new tax applies to the LESSER of

  • Investment income amount
  • Excess of AGI over the $200,000 (Individual) or $250,000 (Couples) amount

To get you up to speed about the new 3.8% Real Estate Sales Tax from the Patient Protection and Affordable Care Act, the NATIONAL ASSOCIATION OF REALTORS® has developed an informational brochure.

Call us today to obtain your copy of the NAR Brochure.

208-660-0506

We’d Like To Help! We’d like to help you understand IF and HOW this new tax will apply to your specific situation. Let’s schedule a time to get together at our office or over coffee to discuss your specific circumstances. Should you sell your property before January 1, 2013? If your circumstances fall within the parameters of this new Tax Code, imposed upon us in the Health Care Reform Act, you may decide to try to sell your property before this new tax can go into affect on January 1, 2013.

CALL US TODAYto find out if you should sell your property before the Health Care Act Real Estate Tax goes into effect.208-660-0506
For further information on how Income and Capital Gains taxes may affect you in 2013, read more Market News on our website:

Did you know? Last week, the subscribers to our Newsletter received this information (About the new 3.8% Real Estate Sales Tax from the Patient Protection and Affordable Care Act ) as well as other Market News.

Stay “In the Know”! Subscribe to our Newsletter:

Contact Leslie Barber, Assistant to Randy & Christy Oetken, to subscribe, and to receive the August 2012 Newsletter, containing information about the new 3.8% Real Estate Sales Tax from the Patient Protection and Affordable Care Act Email:

Leslie@RealEstate-Browser.com

 

Posted on August 29, 2012 at 1:42 pm
Randy and Christy Oetken | Category: Uncategorized

Real Estate Market News: Conclusions from CoreLogic’s August 2012 MarketPulse Report

Real Estate Market News: Conclusions from CoreLogic’s August 2012 MarketPulse Report

Hello Friends! Have you been reading news on the Real Estate Market lately? Seems that a lot of the news indicates a v-e-r-y slow but positive turn-around for our industry. We like to keep informed with reports from Market Research groups like CoreLogic. We stay informed, so that we can better keep YOU informed. Well, here’s what appears to be more GOOD NEWS from CoreLogic’s August 2012 MarketPulse Report. You can download these reports from CoreLogic for yourself, but here is the “digest” version of the most recent issue of MarketPulse. We’re encouraged by what we see here, and so we’re passing it along to you. The following quotes and conclusions are not our own; they are pulled directly out of the August 9, 2012 CoreLogic Media Advisory. This quote, directly from the August 2012 MarketPulse Report sums up the great news that we want to pass along today:

But there are three primary reasons to expect that today’s housing market really might be different this time – lower inventories, lower delinquencies and the low likelihood of foreclosures flooding the market – …This and other conclusions from our August MARKETPULSE report include:

  1. This fall, the housing market may avoid the slide that has occurred each of the last three years because of an improving balance between supply and demand, declining REO sale shares and a slowly declining foreclosure inventory.
  2. A lower likelihood of foreclosures flooding the housing market is beneficial because the market is more likely to absorb the inventory without dramatic changes in price.
  3. Many borrowers in both the boom and “rust-belt” markets lack the means to prevent serious delinquency due to their limited ability to refinance at a lower mortgage interest rate. Policies designed to offer options for borrowers to lower their interest rates further can help decrease the flow of future delinquencies.
  4. The current share of non-distressed sales is at its highest level since August 2008, positively impacting home prices, and is a sign of real improvement in the housing market.

Do you have questions about this Real Estate Market News: Conclusions from CoreLogic’s August 2012 MarketPulse Report? If you have questions about the information in this report, or about how you may use it to grow your Real Estate Investment portfolio, we’d love to hear from you! Call us today! We’ll help you untangle the questions or concerns that you may have with this information.We have the knowledge, education and experience to help you achieve your Real Estate goals.

Call Randy and Christy today!

208-660-0506

Of course, as with any Real Estate Market News, this information may indicate that it’s a terrific time to Buy or Sell your Real Estate holdings. We can help with that! Call us to get obtain No-Obligation Comparative Market Analysis, to find out what your property is worth in Today’s Market. We want to help you Own The Lifestyle!

The Oetken Group

Randy, Christy & Mark Oetken, Realtors (R) Windermere Coeur d’Alene Realty 208-660-0506 Oetken@RealEstate-Browser.com

Posted on August 14, 2012 at 11:51 am
Randy and Christy Oetken | Category: Uncategorized

Coeur d’Alene 4BR/2.5BA on Shop Lot with 4 Car Garage in The Landings

Coeur d’Alene 4BR/2.5BA on Shop Lot with 4 Car Garage in The Landings

7875 N Banning Lane Coeur d’Alene ID 83815

The Landings at Waterford is one of Coeur d’Alene’s more coveted newer neighborhoods. Residents love the open green space with the Community Park, the paved sidewalks with access to miles of trails, and the proximity to shopping, schools, entertainment & eateries in Northwest Coeur d’Alene. The covered Front Porch might as well whisper “Welcome Home”, because everything else in this newer 2425 sq ft home on Banning Lane invites family and visitors to gather within. The timeless Main Level floor plan features generous spaces with Formal Dining & Living rooms, plus a more casual Family room. The spacious Granite Kitchen is well equipped with Breakfast Bar & Stainless Appliances. Cherry Wood cabinetry provides ample storage, and even includes a built-in desk. This level also includes a Powder Room off the Entry & a convenient Laundry area. The second level focuses on Private living areas, with a total 4 Bedrooms & 2 Baths. The cheerful Master Suite has a large Walk-In Closet, Tiled Soaking Tub & Dual Lav Vanity in the Master Bath. A large .31 Acre lot features a sprinkler system helps keep that lush lawn green all year long with minimal maintenance. Attractive vinyl fencing encompasses the back yard. This space is perfect for entertaining on the Open Patio, or just enjoying private times together with your loved ones. It also has ample room for a Shop! Install a gate in the back fence for access to the paved alley. Of course, you may decide you don’t need a shop or extra storage after you see the HUGE 4Bay Attached Garage! $241,000

Call

Christy Oetken 

of

Windermere Coeur d’Alene Realty today:

208-660-0506

Interested in this Coeur d’Alene 4BR/2.5BA on Shop Lot with 4 Car Garage in The Landings? Check it out at

www.RealEstate-Browser.com

Text BANNING to 72727

Posted on July 30, 2012 at 11:38 am
Randy and Christy Oetken | Category: Uncategorized

Real Estate Price Reduction on Lake Coeur d’Alene Secondary Waterfront Parcel


North Idaho Real Estate Price Reduction on Lake Coeur d’Alene Secondary Waterfront Parcel

Seller’s Loss, Your Gain! This lovely treed .88 Acre parcel is perched above magnificent Lake Coeur d’Alene, close to BLM land & Mineral Ridge. Park this out for peerless lake views from your custom home. Swim, fish, or boat on Lake Coeur d’Alene! Ownership features convenient Community Beach & Recreation/Picnic area, with Rental docks nearby. Possible Owner Terms. $109,000

Now $88,000

Call

Randy Oetken

of Windermere Coeur d’Alene Realty today:

208-660-0518

Check it out at

www.RealEstate-Browser.com

  Text WTRV to 72727

 

Posted on July 13, 2012 at 12:54 pm
Randy and Christy Oetken | Category: Uncategorized

Open House tomorrow! 1 Acre Private Lakefront Estate Open June 30, 1 -2 PM

OPEN HOUSE

Saturday, June 30, 2012

1 – 2 PM

1 ACRE LAKEFRONT ESTATE + DOCK!

10795 N Friar Road, Hayden

Gorgeous Lake Views from Floor-to-Ceiling Windows throughout this Multi-Level Luxury Home. Granite Kitchen, 3 View Decks & lovely Hardwood Flooring.

Directions:

N on Hwy 95, E on Miles, N on Lakeview, W on Friar.

(Click on Google Map below to get directions from your location.)

View Larger Map

Text FRI to 72727

$475,000

Mark Oetken 208-659-9171

Download the Box Flyer

Box Flyer for 10795 N Friar Drive, Hayden Idaho

Posted on June 29, 2012 at 11:37 am
Randy and Christy Oetken | Category: Uncategorized

10 Acre North Idaho Estate with Luxury Home, Guest House & 4-Bay Shop

Country…Music 10 Acre North Idaho Country Estate Stylish Comfort, Grounded Refinement. In 2005, this 5161 sq ft Country Home was nestled in the wooded privacy of this private acreage, close enough to city amenities for convenience, yet far enough out so that you can still sit out on your Open Deck and try to count about a million stars against an inky evening expanse. Family and Friends Gather Here. The open floor-plan demonstrates a commitment to informal togetherness and comfortable familiarity. The Family Table is a prominent feature here in the extra-long 26 ft Dining area off the Great Room. Heart, Home. A Gourmet Kitchen does not need to be stuffy in order to be stylish. Cook & Company alike can enjoy the warm & inviting beauty of this kitchen, adorned by a Trio of Mullioned Palladian View Windows above the Sink. Natural light filters through the French Doors Opening to the Covered Deck. A Massive Granite Island with Prep Sink & Full-Length Breakfast Bar will surely become a favored gathering place. Knotty Alder Cabinetry with Pan Drawers & Pull-Outs keep everything orderly and accessible. Entertaining and food prep are a breeze with this suite of Kitchen Aid Appliances: Wine Cooler, Built in Refrigerator, Double Wall Ovens, 6 Burner Commercial Gas Cook Top with Hood as well as Built In Microwave, Dishwasher & Trash Compactor. Island, Cabinetry, & Appliances are settled atop an expanse of beautiful Hardwood. After dinner, cozy around the Wood-Burning Fireplace in the Magnificent 26×44 Great Room. You cannot imagine how enchanting simple Rock Work can be when it is beautifully fashioned into a massive Floor-to-Ceiling Fireplace wall like this rugged edifice, crowned with Log Mantle. From the Great Room, sliders open to the large, open deck & beautiful woodland & mountain viewing. In-floor Radiant Heat add to the ambiance & efficiency of this space. An upward glance reveals Hand-Hewn Log Stair & Loft Railings &Vaulted Faux-Painted Ceiling. Showcase personal collections or Artwork in the Built-in Niches that adorn the wall space above the Great Room. The Open Loft Living/Sitting Room could serve as a serene Library or Office Area. Also upstairs are Two additional Bedroom “EnSuites” & 14X39 Bonus or Rec Room. Main Floor Master Suite is stunning. Chandeliers gently illuminate the Travertine-Tiled Jetted Tub, Walk-In Shower, “Hubbardton Forge” Mirror & Fixtures. This Bedroom features a HUGE Walk-In Closet. Large Main-Level Laundry/Craft Room has Crackle-Finished Built-in Cabinetry, Pantry & Under-Cabinet Lighting that illuminates a desk-level work counter. This is a well-equipped & flexible work space. A 4 ft Staircase with Hand-Hewn Railing & Treads descends to the Lower Level. This Finished space reveals a Family Room or possible Theater Room with 8’ Ceilings, Radiant Hot Water Heating & Track Lighting. The Old Home Place The property’s original Bungalow home now serves as a charming Guest House, with Bedroom, Kitchen, Bath, Wood Stove & Covered Porch. It has a dedicated Septic & Drain Field. In addition to the Finished, Insulated & Heated Attached 2 Car Garage on the Main House, the property also features a 50×26 4Bay Insulated & Heated Shop with 8ft Doors. Each Bay measures 10×26. Proudly Presented at $750,000 Call Christy Oetken of Windermere Coeur d’Alene Realty to schedule your private tour. 208-660-0506 Get more info on this property: 29201 N Hindman Street, Athol Text HIND to 72727

Posted on June 22, 2012 at 1:24 pm
Randy and Christy Oetken | Category: Uncategorized

N Idaho Real Estate: Hauser Lake Resort Restaurant/Lounge, Beach, Dock

Hauser Lakefront with Boat Dock & Beach

N Idaho Real Estate: Hauser Lake Resort Restaurant/Lounge, Beach, Dock

Boat Dock, Restaurant, Lounge, Camping & more on 3.4 Acres

Live, work, & play on the water! Hauser Lake in gorgeous North Idaho is the perfect venue for your business venture. This 3.4 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 campsites. Guest accommodations include tent and RV sites with hook-ups and BBQ Grills. Hauser Lake Resort is ideal for events of all kinds! The large 6000 sq ft 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 ease. Happy patrons return year after year.

$395,000

Acreage includes separate deeded lots for

HUGE Development Potential!

Call

Randy Oetken

of Windermere Coeur d’Alene Realty for more details

208-660-0518

Take a VIRTUAL TOUR of this listing:

N Idaho Real Estate: Hauser Lake Resort Restaurant/Lounge, Beach, Dock

 

Posted on June 22, 2012 at 1:22 pm
Randy and Christy Oetken | Category: Uncategorized

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