Assessment
Posted by Ryan at 4/8/2011 7:44 AM 
Categories: Oroville, Journal, Investments, Economy, Real Estate
Tags: Assessment Okanogan Lakefront Prices value
Categories: Oroville, Journal, Investments, Economy, Real Estate
Tags: Assessment Okanogan Lakefront Prices value
Hi Ryan,
Thanks for the update!...and all the info to
date...
This year looks like a good time to buy anything in
the US because of the exchange rate.
The summer rental market looks solid from the info
you sent....does the winter rent as well?
Do all property managers charge as much as you
quoted?
Another question...in 2009 the taxes went up
92%.
Did all properties go up that percentage when the
values were not changing? Did something trigger it? It just seems odd that in
the middle of a huge recession the taxes would go up as opposed to
down?
Cheers
Personally, I think the management fees
seem high. My wife's aunt is a manager of House Keeping at Veranda Beach and she
tells me the tenants that rent these lake front high-end rentals are very clean
and respectful of private property. I think a good website or a paper ad with a
message phone and a great house keeper is all that someone needs to be their own
property manager with 5 night minimums, you would probably see a lot of
two week tenants.
The situation with taxes is
interesting. In mid 2008 I sold a 1/3 acre lot with no improvements for
$890,000. to a very wealthy couple, this one sale story went like wildfire
across the lake and a lot of people listed their properties at an inflated price
(to compare to the town of Osoyoos), this house went on the market for
$1,100,000. and was not over priced compared to other inventory prices. We went
from having 4 listings on the whole lake to 34 listings. But nobody sold all of
2009 and 2010 except for one home. It was sold last summer for $850,000. This
year people are getting real with their prices and we are now seeing activity. I
have already sold 3 Osoyoos Lake properties this year at prices that make more
sense. I sold 1/3 acre of a lot to some Canadian folks for $277,000 with no
improvements. I sold a Cottage at Veranda Beach for $470,000 and I have an
inferior home on Lake Osoyoos "Pending" for $469,000. Sales are being made and
prices are going down... Assessor reassess annually. Some of these people's
taxes will naturally go down with reassessment, some people should appeal their
assessment by using sales that have recently occurred in the county. It is a
really easy process called Appealing through the Board of Equalization. I did it
last last year on some of my lake front properties. Here are some pictures of
the beach:
Private cove stays calm ideal for boat
storage and swimming! Looking north with excellent exposure.
Great
neighborhood
View
out the living room window, notice the see-through hand railing to not obstruct
the view.
With
windows across the front of this home, a two car garage, two separate quarters,
this is just what you described.
Hot
tub in the ground floor patio.
Open
kitchen with lake views through the dinning area. Great storage.
As a disclosure, this is not my listing so
I would be able to represent you through any negotiations. I have represented
Mr. Fisher in the past with two other lake front properties on Sidley Lake, but
as a surveyor he is always spreading around his property listings to all of the
agencies trying to be fair and non-partisan, but in this scenario, I do not
represent him.
-Ryan
Ryan
Milligan
Agent for Oroville Realty,
Okanogan County Health District Board Member,
Okanogan County Health District Board Member,
Notary Public
Office: 509-476-9578
Cellular: 509-429-8567
Office: 509-476-9578
Cellular: 509-429-8567
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