We just listed this 2638sf three bed, three bath condo with dynamic views of Mt. Rainier and Commencement Bay. That’s not a typo. 2638sf. A secure elevator opens directly into the unit – the only one on the floor – offering a level of privacy rarely achieved with condo living.
The updated kitchen features new state of the art stainless appliances, granite and quartzite counter tops and a large central island. An adjacent family room with water views and balcony access could easily be used as a dining area instead.
The master bedroom is large enough to accommodate a sitting area with water views and balcony access. A fantastic spot for reflection. The third bedroom is currently used as an art studio with custom built-ins for storage.
A 90 foot view balcony spanning the entire length of the unit is accessible from all three bedrooms and the main living spaces.
- Two master suites
- Gas fireplace in the living room
- New acacia hardwood floors throughout
- Home office
- Laundry room
- Heat pump
- Two car garage
- Two guest parking spaces
- Dedicated storage room
35 Broadway is a five unit condominium community in Tacoma’s historic Stadium District. Anchored by iconic Stadium High School, the district that bears its name is located in close proximity to downtown Tacoma, Wright Park, the medical center and the waterfront. As one of Tacoma’s oldest “suburbs”, the Stadium District features some of the city’s grandest residential architecture. The neighborhood is also home to the Annie Wright Schools, the Tacoma Lawn and Tennis Club and a wide variety of shops and restaurants including Shake, Shake, Shake, Indo and Art House Cafe. Annual neighborhood events include the Dickens Festival and the Art & Wine Walk.
Offered at $739,000. Please visit 35broadway.net for additional photos and more detailed information or contact us directly to schedule a showing.
South Sound Property Group is a top-producing Real Estate Team with Windermere Chambers Bay, specializing in residential real estate in Tacoma, Gig Harbor, University Place and Lakewood.
As a Realtor and current member of the Tacoma Landmarks Preservation Commission, nothing makes me crazier than seeing houses that are marketed incorrectly as Craftsmen. A Craftsman has a distinct architectural style that’s rarely seen with new or newer construction homes. A Craftsman is almost always an older, historic home with hallmark architectural features. With so many intact Craftsman homes in Tacoma, I thought it might be helpful to shed a little light on exactly what makes a house a Craftsman.
The Craftsman was the dominant architectural style for smaller homes built in Tacoma in the early 1900s. The style originated in Southern California but quickly spread to other parts of the country through popular magazines like House Beautiful, Good Housekeeping and Ladies Home Journal. Magazine articles were soon followed by a flood of pattern books with plans for Craftsman bungalows, and companies began marketing “kit” houses, which included pre-cut lumber and detailed instructions for assembly by local laborers.
The following characteristics are typical of a Craftsman home, but not every Craftsman home will include all of them.
- Timber framing
- Wood shingled siding and/or horizontal wood siding
- Low pitched, gabled (or sometimes hipped) roofs
- Decorative beams or braces under the gables
- Exposed rafters
- Wide unenclosed eave overhangs
- Triangular knee brace supports
- Shed, gabled or eyebrow dormers
- Wide window and door casings
- Full or partial-width covered porches
- Tapered porch supports
- Sloping (or battered) foundations
Craftsman homes aren’t all identical to one another. In truth, the term Craftsman encompasses a wide and wonderful variety of substyles.
The typical Craftsman cottage is a one story structure with a symmetrical front façade, a centralized main entry, a partial width front porch, horizontal wood siding, a compact rectangular floor plan and a side-gabled, low pitched roof. This is a listing in North Tacoma that we sold a few years ago.
The typical Craftsman bungalow is a one story structure with broad, low pitched gables. A lower gable covers an open or screened front porch, and a larger gable covers the main portion of the house. With larger bungalows, you may see steeper gables and interesting cross gables or dormers. The bungalow is probably the most common and most popular Craftsman style in Tacoma. This is a listing that we sold in North Tacoma a few years back.
Clipped Gable (Hip Roof) Style
The typical clipped gable Craftsman has a gabled roof with the points “clipped off”. The roof can be front, side or cross gabled and may have hipped or eye brow dormers.
The typical colonial style Craftsman features a symmetrical façade with columns and trellised front and/or side porches. This was a really unique listing in Proctor that we sold a few years back.
The typical airplane style Craftsman features a setback second story and wide overhanging eaves, which give the impression of airplane wings.
The typical structure transitioning from Victorian to Craftsman embodies elements of both – including a more vertical façade than later Craftsman homes.
I love older, historic homes. I’ve renovated and sold more than 50 to date, including quite a few Craftsmen. If you’re thinking about buying or selling a historic home, you should consider working with a Realtor who really understands the value of the architecture. Give me a call. I’d be happy to help.
Despite Redfin’s recent announcement that Tacoma’s housing market is the “hottest” in the nation, the market in Tacoma’s North End looks a lot like it did a year ago. Our median home price is essentially unchanged, the number of homes selling remains steady and inventory levels are still incredibly tight.
The average time on market hasn’t changed much since last year, but it does FEEL like homes are selling more quickly, particularly those priced below $500K. Eager buyers are touring new listings within hours of MLS activation and writing offers immediately – and many listing brokers are letting their sellers accept the first good offer that comes in.
We generally take a different approach when we list properties for sale, encouraging our sellers to delay review of offers for a few days to allow for full exposure to the market. It increases the odds of getting the best offer possible, which is good for our sellers, and it decreases the sense of frenzy, which is good for buyers.
Current Market Conditions
- Geopolitical uncertainty has been applying downward pressure on mortgage interest rates, with 30-year fixed rates dropping below 4% in June. Windermere Chief Economist Matthew Gardner doesn’t expect to see rates over 4.5% before the end of the year.
- Depending on the outcome of trade and tariff discussions with China, the cost of some building materials could rise as much as 25% this year – a cost that would almost certainly be passed on to home buyers already struggling with housing affordability.
- Concerns about a potential economic slowdown persist. A Wall Street Journal survey of economists and a Duke University survey of CFOs both predict a recession in 2020.
- Wages have been trailing rising housing costs for years, but wages for Washington workers did increase an average of 5.5% across all industries in 2018 – a step in the right direction.
The housing market in North Tacoma may feel hot, but it does also seem to be flattening out. Is it a seasonal slowdown or a broader market shift? Hard to say for sure at this point, which is why it remains critical for buyers and sellers to seek expert real estate advice. If you’re thinking about buying or selling a home in the area, please contact us to discuss how we can put our knowledge and experience to work for you.
Mark Pinto is a top-producing Realtor with Windermere Professional Partners, specializing in residential real estate in Tacoma, Gig Harbor, University Place and Lakewood.
Mark Pinto: (253) 318-0923
Before moving to Tacoma in 2010, Mark and I came up from Los Angeles for a couple of exploratory visits. There were a lot of things about Tacoma that appealed to us, but it was ultimately the Tacoma Art Museum (TAM) that played the pivotal role in our decision to make the move. We were blown away by the beauty of the building and by the quality of the exhibits. It was a real “aha” moment for us. If a city the size of Tacoma could support a museum of this caliber, we knew it was a place we could be proud to call home.
We became actively involved at the museum soon after moving to Tacoma, attending exhibits and getting to know the staff and other museum supporters. I was asked to join the museum’s board of directors in 2012, and I’m currently serving as the Vice President of the board (in line for the presidency in 2021). We’ve got three upcoming exhibits at the museum that I wanted to share with you – each one different from the next and all worth a look.
Bart at TAM: Animating America’s Favorite Family
Beginning this month, TAM will be showcasing a private collection of animation cells from America’s longest-running prime time television series – The Simpsons. The exhibit offers an in-depth look at the collaborative process behind this much loved classic. We’re excited to bring this show to the Pacific Northwest and expect it to be a blockbuster, appealing to visitors of all ages. Opens July 20, 2019.
Monet, Renoir, Degas and Their Circle: French Impressionism and the Northwest
This fall, TAM will launch a special exhibit of French Impressionism, curated by Executive Director David Setford. The French Impressionists were thought to be radicals in their time, but they had a significant impact on artists in the Pacific Northwest and their work was eventually incorporated into the best public and private art collections in the region. This exhibit will include signature works by Monet, Renoir, Camille Pissarro, Alfred Sisely, Gustave Caillebotte, Gauguin, Berte Morisot, Mary Cassatt and Degas, as well as works by some of the American artists that were influenced by the French Impressionists – Theodore Robinson, Theodore Wendel, CC McKim, and Clara Jane Stevens. Opens September 28, 2019.
Forgotten Stories: Northwest Public Art of the 1930s
I’m particularly excited about TAM’s upcoming exhibit of public art from the 1930s. Many people have forgotten that the U.S. government supported the visual arts all across the country during the Great Depression, employing hundreds of artists and commissioning thousands of works of art. This exhibit will offer an extensive overview of the work that was created in the Pacific Northwest during this period. The exhibit is being developed by TAM’s Curator of Collections and Specific Exhibitions, Margaret Bullock, who has been working with a group of colleagues to produce a major publication to accompany the exhibit, supported by the Henry Luce Foundation. I think Margaret is brilliant so you won’t want to miss this show. Opens February 22, 2020.
The Tacoma Art Museum is a world class institution. Its mission is to connect people through art. The museum is a big part of what makes Tacoma so special to me, and I’m proud to support it. I hope you’ll take the opportunity to visit soon.
Outdoor Living, Year Round
Western Washington is known for its relatively mild weather, but we do have seasons. An outdoor living space that’s enjoyable to use during our Pacific Northwest summers may not be the most practical choice in the winter months. The solution? An outdoor living space that can flex with the seasons. My personal favorite is an outdoor living room with a partially covered patio or deck, an outdoor fireplace and an outdoor kitchen/grill area. Add a little drama with large sliding glass doors or bi-fold walls that open to your outdoor living room from the inside. By creating an outdoor living room that can be used year round, you essentially double your capacity for entertaining.
Adding Value with Outdoor Improvements
The best way to maximize your return on investment is to add outdoor amenities that are easy to maintain and usable rear round. Adding a swimming pool may sound like an attractive idea right about now, but pools aren’t as practical in the Pacific Northwest as some people might hope. Most potential buyers think pools will involve more work than pleasure. That’s exactly what you do NOT want with an outdoor space. When clients ask me for suggestions for outdoor upgrades that will add value, three things come to mind.
1. Functionality. Make sure the improvements you have in mind will actually increase your usable space.
2. Lighting. Put some thought into lighting for your outdoor living space and your landscaping. I can’t overstate the importance of outdoor lighting. It can add a completely new element to the mix, transforming an average outdoor landscape into a work of art.
3. Water features. A well executed water feature can add more impact to your landscaping than you might think. It doesn’t necessarily need to be an elaborate waterfall. An attractive plug and play fountain can do the trick.
Simple Exterior Upgrades to Consider Before Listing
Knocking out a few small weekend projects before putting your house on the market can have a big impact on your sale price at a relatively small cost.
1. Garden bed clean up. Weed the beds, prune the plants, shape the hedges and add some black mulch to give your garden beds a fresh, well-maintained look and create a nice, sharp contrast to your house and your lawn.
2. Lawns. Hopefully you’ve been fertilizing your lawn on a regular basis. It’s a practice that’s often overlooked, but you’ll be thankful if you did it. Either way, make sure your grass is mowed and edged.
3. Staining. If you have a fence or deck that’s been crying out for a face lift, spend a day or two and give it a quick pressure wash and a fresh coat of stain. Stain will make a HUGE difference.
If you’re thinking about putting your house on the market and you’d like some additional guidance from me, please don’t hesitate to give me a call. I’m here to help.
Miles Eaton is a top-producing Realtor with Windermere Professional Partners, specializing in residential real estate in Tacoma, Gig Harbor, University Place and Lakewood.
Miles Eaton: (253) 355-5862
I’ve always had a deep appreciation for historic homes. It’s one of the reasons that I love living and working in Tacoma, with its abundance of intact architecturally significant historic buildings. It’s no accident that Tacoma still has so many incredible old homes. In part, it’s because city leaders recognize and appreciate that historic homes are an important part of Tacoma’s identity AND because the city is committed to protecting and preserving its old homes. In fact, the city’s Historic Preservation Office just won a state-wide award for the outreach programs that they’ve developed to strengthen public understanding of the importance of historic building stock to the fabric of a community. As a City Commissioner on the Landmarks Preservation Commission, I’m grateful for the opportunity that I’ve had to support the city’s efforts.
Historic Homes Workshop
There’s a lot of misinformation out there regarding landmark preservation and how it can and cannot impact homeowners in Tacoma. This disinformation is due in part to the fact that many real estate brokers aren’t as well versed on the topic as they should be. In an effort to help better educate the brokerage community, I’ll be leading an informational workshop for local real estate brokers on Monday, July 8th in association with Windermere and the Tacoma Landmarks Preservation Commission. We’ll cover the potential benefits that landmark designation can have for homeowners and some of the guidelines that owners of landmarked homes must follow when making external modifications. We’ll also discuss the ways in which historic restoration and adaptive reuse can pave the way for increased investment capital in the community.
If you have any questions about buying or selling a historic home, please give me a call. I’m happy to assist.
For More Information Please Visit: cityoftacoma.org/HPEvents
Jeff and I recently bought a duplex in North Tacoma that we’re pretty excited about. We weighed the pros and cons of purchasing in the current market and ultimately decided that the property met our needs, both for the short term and the long. In light of our recent purchase, I thought it might be a good time to share some thoughts and observations about investing in real estate in Tacoma’s North End.
According to a recent report from Redfin, Tacoma has the hottest housing market in the nation. That doesn’t come as a complete surprise to brokers in the know. Tacoma has a lot to offer potential residents in terms of amenities and culture, but a big part of the city’s appeal has to do with affordability. You just get more for your housing dollar in Tacoma than you do in neighboring Seattle.
Not surprisingly, rents are on the rise in Tacoma. Between April of last year and April of this year, rents in Tacoma rose about 10%. Developers have been building new apartment buildings, but not enough to outpace demand. That means rents are likely to continue rising for the foreseeable future, making a strong argument for investing in rental properties in Tacoma.
Investing in real estate is a great long term strategy for accruing wealth but, like any type of investment, it does involve risk. That’s why it’s important to educate yourself before becoming a landlord.
5 Things to Consider BEFORE Becoming a Landlord
- Will you manage the property yourself or will you hire a property management company? If you decide to manage the property yourself, you may still benefit from assistance with screening potential tenants and/or evicting tenants if things don’t work out. Landlord Solutions is a great local resource for those types of services.
- Will you allow pets? Cats? Dogs? Large? Small? Allowing pets will obviously increase your potential applicant pool, but pets can take a toll on a house, which might cost you more than it’s worth in the long run.
- If your property is located near the University of Puget Sound, Tacoma Community College or UW Tacoma, will you rent by the room to attract students? You may be able to earn more income if you rent by the room, but you can also expect more wear and tear on your property.
- Have you talked to your insurance company to find out if there will be an increase in your premium if you convert a homeowner’s policy to a landlord’s policy? Our preferred insurance agent Jerry Hallman at Farmers is a great resource for exploring your insurance options.
- Have you spoken with your accountant about the potential tax implications associated with owning a rental property, converting your primary residence into a rental or selling a rental property? What expenses can be counted as deductions on your tax returns? How can you avoid capital gains taxes when selling a rental property?
Short Term Rentals?
With the emergence of marketing platforms like VRBO and Airbnb, short term rentals have become a very popular way for homeowners to generate income. Short term rentals may offer a greater return on your investment than a traditional rental property, but it feels like the short term rental market in Tacoma is becoming saturated. Jeff and I were initially thinking about using our new duplex units as short term rentals but are now leaning towards a more traditional long term rental approach.
If you have questions about investing in Tacoma real estate, please don’t hesitate to contact me. I’m here to help.
Mark Pinto is a top-producing Realtor with Windermere Professional Partners, specializing in residential real estate in Tacoma, Gig Harbor, University Place and Lakewood.
Mark Pinto: (253) 318-0923