In The Loop - A Blog From Beach Loop Realty

L&K Villas takes on New Property Manager!

Formerly known as The Hills apartments in Bandon, new owners have begun a positive transition to this 6 unit apartment building beginning with a new property manager...Gina Morelli of Beach Loop Realty! That's me!

This is a 2 story building that sits off of 1st Street SE conveniently close to the Rays shopping center. Each apartment has two levels, 3 bedrooms, 1 1/2 baths, large open living concept downstairs with breakfast nooks and private patios with small fenced yard.

The owners have tastefully remodeled Apartment #1 which is available now @ $750 per month...

Remodeled Like New 2story apartment conveniently close to Rays shopping center. 3Bd, 1.5 Baths with private patio/yard. Upstairs; 3 Bedrooms, 1 full bath, linen closet, walk in closet & mirrored closet doors in the master bd. Downstairs; large living room, closet, laundry room, 1/2 bath for guests and super cute kitchen with breakfast bar & dining nook. A sliding door leads to a private outdoor patio & small fenced yard. The whole house has been refurbished, fresh paint, brand new floors, new plumbing & light fixtures, new carpet & blinds. Preferably no pets, but owner may consider a pet with a responsible pet owner. Open parking.

The owners are pleasant to work with and I look forward to helping make L & K Villas a pleasant place to live for all of its Bandon residents.

If you are interesting in renting an apartment in L&K Villas, call Gina Morelli at (541) 347-1800.

Whimsical Cottage on 3 Acres $198,000 Bandon, Oregon

Buyers often call me looking for a beach house on a couple acres and you would think since we are a beach town that this should be a simple find. The truth is all the good ones are scooped up quickly by the savvy buyers or the home owners hold onto their properties knowing what they have is special.

Well, this is one of those special finds people! 

There is an adorable cottage with a Bandon address about 2.5 miles North of Hwy 101 on W. Beaver Hill Rd. It is farmhouse style cottage on 3.1 acres with a beautiful lawn, garden, chicken coup, outdoor laundry building, and a monster garage/shop!

At one time, it was located off the grid, so it is all set up with solar power, but now runs off regular power lines. It is a little piece of fairytale land in Bandon!

It is a straight shot down Whiskey Run to one of my favorite beaches, the same beach golfers come from all over the world to see as they play Bandon Dunes! This house is almost whimsical...a little piece of fairy tale land in Bandon...$198,000

 

Property Details:

ML#:

11690583

Area:

260

Status:

ACT

Price:

$198,000

Address:

59613 W BEAVER HILL RD M

City:

Bandon

Zip:

97411

XST/Dir:

Hwy 101 to W Beaver Hill, 2.6 miles to address

Bed/Baths:

2/1

SQFT:

1560

YrBuilt:

1980

Style:

FARMHSE, CABIN

Map Coord:

220/C/4

Type:

DETACHD

PTax/Yr:

$819.73

LotSize:

3-4.99AC

View:

Garage:

2/OVRSIZE

Acres:

3.1

This property is Listed by Pacific Properties, so we can fully represent you as a buyer's broker! Call me if you would like me to send you more information about this home at (541) 347-1800.

Gina Morelli, Broker/Owner of Beach Loop Realty, Bandon Oregon

Open House by Bandon City Park

This Friday, August 19th, from 12-3 PM, I will be hosting an Open House at 915 12th Street SW in West Bandon. Why not stop by during your lunch break for a cookie and a tour through this adorable 3 Bedroom 2 Bath ranch home with gorgeous wrap around yard that backs the park? Close walk to the theatre, Bandon Public Library and Coquille Point (beach access). Only $185,000.

Hosted by Gina Morelli Broker and Owner of Beach Loop Realty (541) 404-1804.

Follow signs from 11th Street and Jackson by the city park!

 

RMLS# 11311491

Great Spot to Live /Work in Bandon's Uptown District

We just reduced our 1097 Baltimore listing to $265,000 (previously $275,000). The hospital leases this space and uses it for office type work and training, so the house is still in tact. It is an excellent business location in Uptown Bandon, Oregon, just kiddie corner from the main post office and the Baltimore Mail N Ship and across the street from Vick G's hair salon. So, there is plenty of local traffic through here.

The exterior of this home has the vintage 1930's appeal but the inside has been remodeled! It is lacking a main kitchen, but the plumbing is still in the walls to get one started. Upstairs has a small kitchenette perfect for office needs.

This building is currently leased through September 2011, with a high probability that it will be renewed. The rent is $1100 a month and could be a nice automatic income if you would like to buy now and hold on to it for a while. Or, buy before the renewal and move in. Either way, this is a great building to live / work, it's zoned commercial and has a 6 space parking lot as well as a garage and street side parking. Come take a look! Click below to view slideshow of photos. Contact Gina Morelli, Beach Loop Realty to view property at (541) 347-1800.

Property Details

Under $100,000 Fixer Bandon, Oregon

Here is a true Oregon Coast fixer cottage for you located just 6 miles south of Bandon near the Art 101 purple building. I happened to take a drive out there to snap some photos of it for a buyer client. They are all exteriors but plenty more than you will find on the multiple listing.

This is one of only three wood frame homes for sale under $100,000 in the Bandon area....the rest are mobile homes or manufactured's.

2 Bedrooms, 1 Bath, Detached Garage, year built 1954 on a .65 Acre Lot

Asking Price $79,000

View Property Details

 

Call Beach Loop Realty (541) 347-1800 to view this property and others! We are not the listing firm of this property, so we can represent the buyer exclusively!

Gearing up for more Property Management business

I am managing 36 properties in the Bandon Oregon area right now and climbing. They are mainly single family homes and my job is to keep them occupied with good tenants that like to keep their homes clean and pay the rent on time!

These days it is a challenge to find credit approved renters, but so far I have been doing a pretty nifty job using my screening company to pull current credit reports and my picking up the phone to make a simple call to check landlord references. I often wonder how interesting it is that I don't get a phone call from a property manager when one of my tenants is moving....?

All of my rentals are occupied with the exception of a handful of homes that are in pretty poor shape. The owners have asked me to "step in" and help bring these back to condition. After seeing some of these "project" homes, I quickly saw how important it is that we keep track of the dates of our last inspection, gutter cleaning, chimney sweeps, etc. That is now something I can proudly say we have implemented! Regular routine maintenance is a serious matter, especially when you live on the coast.

So with that, I am gearing up! I am ready to take on more property management business. My goal is to have 80 rental units (good clean homes) by the end of this year, 2011. Preferably occupied.

The Challenge: 80 rental units

Deadline: December 31, 2011

Current #: 36 rental units (31 occupied)

Waiting for the Tsunami, Bandon Oregon

It was 3 am or so, when we awoke to the Tsunami sirens here in Bandon. Not knowing what was going on, we immediately checked the internet to see what we could find out. Japan was on the headlines, having just had a devastating 8.9 earthquake and a tsunami wave was to be heading its way to the West Coast shortly. We looked out the window to see if the neighbors were up, still quiet. We turned on the news and I checked my phone to see if any of the locals were on Facebook chatting. Sure enough, there was conversation taking place right away, lots of worry about whether or not people should be evacuating or not.

The warnings were for those that live in low lying areas, like the jetty area. I have to admit that even though we live on higher ground, we are really close to the beach, so there was still some panic at first running through my veins. We calmed down after we made a few calls to friends and to our neighbors. They were relying on Bandon's  Tsunami Evacuation Map, so we decided to stay put for now. 

The first wave was due to hit our area at approximately 7:20 - 7:30 am. Our nerves were settled after hearing that the Hawaii islands made it through okay, but then one of the CNN reporters said some unsettling words...that the West Coast was more of a straight shot than the islands, so the impact could be greater. Hmmm.

Furtunately, for everyone that lives in Bandon, there was no major tsunami wave, just a bunch of small surges throughout the day. The two places that were hit with the most damage were Santa Cruz and Crescent City, California, approximately $50 million, according to this LA Times article.

Click on the links below for local info:

Download Bandon's Tusnami Evacuation Map

Watch Bandon Tusnami Video

Local News Article "Tsunami is all washed up" 

Waiting for the Tsunami...

 

Oregon Mortgage Payment Assistance deadline Jan14!

Beginning Friday, December 10th, the state of Oregon will launch a new foreclosure prevention program - The Oregon Homeownership Stabilization Initiative (OHSI).  The program will help at least 5,000 Oregon homeowners pay their mortgages for up to one year, or $20,000, whichever comes first. More information can be found on the OHSI website: http://www.oregonhomeownerhelp.org.

You have until January 14th to complete your application and the last day for appointments is January 16th. Umpqua Coastal Housing  is scheduling appointments to review applications at the Hotel North Bend open Mon-Fri 8 am to 8 pm and Saturdays 9 am to 5 pm. There are even open on New Years Day! The phone number (541) 751-0838.

USDA 502 guaranteed and Direct Loan programs are fully funded!

USDA 502 guaranteed and Direct Loan programs are fully funded! This is good news for buyers and sellers in Oregon and nationwide.

I  personally know there were several USDA buyers in Bandon and Coos County area that were ready to buy months ago but were left in the cold without funding this year. The demand for one of the only 100 percent loan programs for borrowers was so great that money ran out early this year. On July 29th, President Obama signed into law House Bill 4899 allowing USDA to charge a 3.5% guarantee fee (originally 3%). The increased fee structure was signed to help keep the program better funded.

The 502 Direct Loan is an incredible program that targets low and very low income borrowers. USDA is offering 100% financing, 1% interest rates, 38 year loan terms, no mortgage insurance and no minimum credit score.

Here is a great link for more information on the Single Family rural housing programs in Oregon 

Broker Caravan, Something Special

There is something special about living in a small town and getting together with the local realtors on a Thursday morning for a tour of our newest listed properties. It's nice to be able to visit and learn the latest inventory of homes and real estate news. This morning we had two homes presented by Beach Loop Realty on the hot sheet! 390 2nd St SW and 275 Bandon Ave, both view homes on Coast Guard Hill.

So, to make it even more special, I stopped at Bandon Coffee Cafe for some hot coffee and Bandon Bakery for some baked yummies.

Some of our top brokers in Bandon Oregon...

 Left to Right; Ruby Berry/Beach Loop Realty, Misty Berry/Beach Loop Realty, Penny Allen/Allen & Company Real Estate LLC, Fred Gernandt/David L.  Davis Real Estate, & Chas Waldrop/Chas Waldrop Real Estate