< Located in Maple Valley Heights, this property is conveniently located to 169 and 405 access, but falls within the Tahoma School District boundaries.
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Looking for a little Elbow room between you and the neighbors? If so, you're not alone.
In 2011, there were 342 Single family homes sold on one or more acre in South King County. The lowest priced home sold was $69,900 and the highest was $1,650,000.
The median price (half sold below, half sold above) was $325,000.
The average market time was 84 days
For larger parcels:
84 Single family properties on 5+ acres sold for an average price of $419,370. The time on market for those listings averaged 100 days.
10+ Acres? There were only 16 Single family home sales in South King County on ten or more acres in 2011. And on 20 or more acres, there were 3 homes sold.
The largest parcel closed in 2011?
A 28 acre horse farm in Enumclaw with a 4,000 square foot home. The property was listed for $949,000 and sold for $860,000
If you're looking for a home on acreage in South King County, whether it's for animals, gardening, hobbies or just some elbow room, you can begin your search here.
The purchase of Acreage properties in King County has some specific considerations you'll want to contemplate; wetlands, set-backs for future building, open-space classification as well as well and septic condition/requirements. You can research many acreage properties on the King County website. Or you can call me to get the process started and I'll be happy to help point you in the right direction!
The nice thing about being snowed in these days, is technology still enables us to get so much done from home.
And today, most of the Seattle area is snowed in due to our first Winter Snow Storm.
I'll be sending off two market analysis reports to owners looking for current values on their property, reducing the price of a local short sale (and altering onling marketing accordingly), following up on two closings scheduled for the end of the month and have a 1:00 call with tech support for some software issues we're trying to resolve.
And when everything's buttoned up and worked out I plan to relax, grab a cup of coffee and watch the snow come down.
Enjoy!
Automated valuation platforms such as Zillow, Corelogic and others, are increasingly being relied upon by Loan Officers counseling sellers on re-fi's, Lien holders weighing the pros and cons of granting a short sale, and sellers with a white-knuckled grip on equity which has been slowly seeping through the fingers of their clenched fists for the last 4 years.
Here is a description of the AVM model from Fannie Mae's website:
AVMs are statistically-based computer programs that use real estate information such as comparable sales, property characteristics, tax assessments, and price trends to provide an estimate of value for a specific property
On one hand, I get it.
The technology is there, the numbers are what they are, and some computer, somewhere, can calculate a "value" far more quickly than a BPO or Market Analysis from a local real estate professional experienced in the area can generate.
Yeah, but on the other hand...
Does a computer smell cat urine in all quadrants of the house? See the nicotine stains lining the walls from years of Cigarette smoke? Take into account the three vehicles (all apparently inoperable) parked in the front yard on the grass?
The list of factors which must be considered when accurately offering a current market value of a property, is far more comprehensive and frankly, more personal, than any computer could ever include.
LOCATION: More than City, State and Zip (All data for the processor), how about factors such as school boundary desirability, backing to a busy street (vs. not), being located under High Tension Power Lines?
Do the robots computers take these calculate these variables?
I know I do.
I know buyers do too.
CONDITION: Seems to be a no-brainer, but if the AVM program is comparing one home in a neighborhood to say, three others that are comparable in terms of BR # and square footage, but otherwise have no similarities, is that an accurate reflection of value?
Or is there is more to property valuation than square footage and lot size?
I think an apple and a pear might weigh the same, take up the same amount of space (even fall into the same fruit category), but they certainly are shaped differently, appeal to different tastes and are priced differently. Does the shape, smell, color and quality of a house matter to a robot computer? It does to me.
And I know it does to buyers too.
BEAUTY: Yes, I said it. Like all those shiny, sparkly, pretty people in a bar, it's the "outside" aesthetic which usually garners the most attention. I doubt an AVM makes value concessions to the "parked out" flat one acre lot vs. the house on an acre which is predominately wetlands, covered in blackberries and unusable land due to septic and well covenants...but I do.
And I know buyers do too.
I could go on and, and in fact, will gladly continue this debate if you're interested in contacting me to contine the discussion.
I'm not saying robots AVM models don't have their place in the industry. I'm just worried they are being given a bit more credence than they deserve.
And frankly....they aren't as good at it as moi.
Just sayin'
PS: If you're in the greater Seattle Area and would like a more personalized AVM based on Human assessments (do computers buy houses?) feel free to request an online analysis here. Or you're welcome to call me for a real life, personalized evaluation of your property's value anytime 425.432.5400
This Bank owned home now has new owners thanks to our Buyer Specialist Patty Worgan and a great Lending & Escrow team.
Buying a HUD home is a completely different process than any other real estate transaction....complete with several hoops the buyer's have to jump through, but in the long run.....it's worth it!
This Maple Valley home, is over 2800 square feet, has a HUGE attached shop and is on 2+ acres.
It sold for $301,000 (and that price included some repairs needed).
In order to buy a HUD home, you must work with a HUD approved Real Estate Broker. It's also wise to work with both a Lender and a Broker who are familiar with the HUD process and have closed HUD sales.
Congrats Rory & Suzan, you got a GREAT deal!
Search Maple Valley Bank owned homes here
Contact us for more information on HUD homes or any real estate listed for sale in South King County
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Broker, Owner, Wife, Mom, Friend & generally Fun Person(if I do say so myself) Helping home buyers & sellers in the greater Seattle area since 1990!
Almost 18 years ago I decided to enter the Real Estate Industry because I loved the house hunting process and was excited about the opportunities and challenges presented by being self-employed.
I was bitten by the "house-hunting bug" as a young girl when I would go through the Sunday papers with my parents, looking for open houses. My father, Mike McCormack was an NFL football coach and we had moved several times throughout my childhood before finally settling in the NW when he took a job with the Seattle Seahawks. I came to view house hunting and the moving process as an adventure, and although it can sometimes be stressful and inconvenient, I love the process as much today as I did back then!
More than anything, I believe my role is to serve as a real estate advisor for my clients...to offer advice and options in order for them to make informed, educated decisions.
What Colleen's Clients Say....
"We wanted to express our gratitude to you for a completely worry-free purchase and sale. From the no-pressure sale, to the very effective marketing of our home, your attention to detail made the entire process pain-free! You anticipated each element with precision, accuracy and, most importantly, caring. We felt as though we were going through this overwhelming process with a friend at our side, and theat eased stress levels considerably."
The Forman's, Maple Valley WA
"Not only did I appreciate knowledge of the market and the area, I really appreciated your warm personality and strategic thinking..."
R. Asay, Auburn WA
"We chose you as our agent because of a personal recommendation from our friends who had seen your work before and they were right...you handled everything in a very professional manner but with a down-to-earth approach and a nice personal touch that we really enjoyed. We felt confident in your guidance and honesty.. So thanks for going the extra mile and for everything you did...
G & L Malmrose, Kent WA
"Colleen really knows the area inside and out, from builders to schools. She is also very knowledgeable when it comes to all the details of buying and selling. Our house sold in under a week for full price...due in part to her marketing skills....There is no doubt we would use Colleen again "
The Marottas, Maple Valley WA
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