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Leslie Jones
Principal Broker
    Years of Experience: 22

    GRI: Graduate, Realtors Institiute
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Direct: 503-312-8038

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RE/MAX equity group
237 NE Broadway
Portland, OR
503-287-8989


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Archive for July 2010

Summer Camping at Timothy Lake

Wednesday, July 28th, 2010

My family enjoys camping with friends at Timothy Lake.  Timothy is a large lake (1500 acres), just two hours from Portland, in the Mt. Hood National Forest.  The lake was man made, in the 1950′s by Portland General Electric.  though no power is generated there, it is used to regulate water downstream flow on the Oak Grove fork of the Clackamas River.

There are four campgrounds at Timothy Lake; Pine Point, Hoodview, Oak Fork and Gone Creek.   We tend toward Pine Point and Hoodview; Pine Point for the spacious group sites and Hoodview for the, you guessed it, Mt. Hood views.  There are minimal services at Timothy; pit toilets and running potable water.  No electric hook ups for RV’s, no running hotwater, no showers.  The camphost sells generous bundles of wood for $6.  Most sites are nicely treed with some shade and some sun.  Timothy Lake is at 3300 feet elevation.  Days can be warm, nights nippy and afternoons windy.

Home away from Home at Timothy Lake

The Lake has a speed limit of 10 miles per hour; making it ideal for swimming, fishing, canoeing and kayaking.  Strong winds can also make for good wind surfing and small sail boats.  Motor boats are allowed; most seen are small run abouts, row boats and the like.  Timothy is stocked with rainbow trout and also has a decent crayfish and kokanee population.  Crayfishing is a favorite past time.  Place traps in the coves near inlets, baited with stinky meat; cat food, pastrami, bacon etc.  Crayfish are nocturnal so the best catches are found upon checking the traps in the morning.  Be sure to bring along a bit of crab boil, some butter and lemon.

Crayfish!

A gentle trail encircles the lake; 13 miles is the distance around.  There are a few adjacent trails, and the Pacific Crest Trail meanders by also. There are a few walk-in or boat-in campgrounds around the lake.   Little Crater Lake is a great walk or excursion by car.  It is a small caldera of COLD water; average temperature is 34 degrees F.  The clear blue and 48 foot depth make it quite remarkable.

Check out  this cool 360 degree photo taken from the Day Use/Boat Ramp at Hoodview.

Make reservations at Timothy Lake www.recreation.gov, and search for Timothy Lake in Oregon . 

 Directions to Timothy Lake: From Portland head east to Sandy.  From Sandy, travel east on Highway 26 for approximately 40 miles to Skyline Road (Rd 42). Turn right on Skyline Road, travel south 9 miles. Turn right on FS Road 57, west 2 miles.  The four Timothy Lake campgrounds are on FS Road 57. 

Make note, the nearest services ate at CJ’s, approximately 10 miles from Timothy Lake;  gas, ice, tow truck, pay phone and minimal general store.

The Details of Solarizing My House

Monday, July 19th, 2010

Last Wednesday, we had the site assessment for our solar power project.  Remember from my last solar post, we are participating in Solarize Portland, a group buying cooperative that helps lower the cost of solar power,along with providing a streamlined process to coordinate the various solar power incentives.

The assessment went well.  As expected, our lack of large trees, exposed south facing roof face, newer electric panel and such, will make our house a candidate for solar power.  We were left with a detailed check list of steps in the process, time lines and contacts for the various stages.  I like this a lot .  We were also promised our bid by Friday.

On Thursday, we woke up to an article in the Oregonian outlining cut backs to the tax credits for solar power.  Bummer, kind of.  In an effort to balance the state budget ( which really does need doing), state tax incentives, especially for smaller projects of less than 2000 watts, were trimmed.  The cut had been voted on in early July and enacted quite quickly.  My husband is a master at the excel spread sheet and financial analysis of energy savings vs. cost.  It is what he does for a living.  Lots of research and calculations, but without the bid, he didn’t have much to work with.

As promised, the bid from Imagine Energy, came in on Friday.   In rough numbers, the total cost of the project came in at just under $20,000.  Ack!  Even with the recent cutbacks, the incentives  (subtracted from that total cost) are $5880 rebate from the Energy Trust of Oregon, $4183 Federal tax credit and a $4880 Oregon tax credit (realized on our state tax returns over the next four years) our cost would be$13,944.  Still kind of spendy.  Had we gotten the system done before the early July changes, we’d have saved an additional $1200 or so.  Phooey

The system proposed is a 3.36 kW Grid-Tied Photovoltaic System.  The system is expected to provide 80% of our power.  The system does include a net metering agreement with Portland General Electric (man you should see how many pages and disclaimers that agreement has !), and a cool dohickey called Sunny Webbox ( my husband calls it Sunny Boy), which will let us see how much power the solar system is generating. 

My husband spent the weekend evaluating the bid and slicing and dicing the data and incentives however many different ways in excel.  He’s got a few questions for the folks at Imagine Energy (I wonder if they put in an upcharge on the bid for dealing with over-involved homeowners?), which I expect will be answered today.

Check back soon for an update to our solar project.

Portland Area market softens, kind of

Friday, July 16th, 2010

Yesterday, the multiple listing service released market statistics for June.  As expected, with the expiration of the home buyer tax credit, we are seeing some slowing in the Portland real estate market.  While pending sales have held steady, listing inventory remains modest at 7.3 months (at the present rate of sales it would take 7.3 months to sell what is currently on the market).  June’s year to date average sale price is down 3.3% from a year ago  to $280,700. 

When they say all real estate is local, I think they are talking about Portland.  The Portland area real estate market is made up of so many micro-markets, kind of like the micro-climates we have where it snows in the West Hills, rains on the Eastside and is sunny in Wilsonville.  Portland’s closer in neighborhoods tend to have shorter market times; 74 days in North Portland, 87 days in Northeast Portland and 93 days in Southeast Portland.  Compare those numbers to 150 days in Lake Oswego/West Linn, 126 days in Clackamas and 129 days in West Portland.  Average declines in sales price range from 4.9% in North Portland to 10.2% in West Portland.  See the latest RMLS stats here.

Interest rates remain at record lows.  Freddie Mac reported in early July, a low 30 year fixed rate of 4.57%.  That has me feeling slightly less smug about our 4.85% fixed rate I’ve been bragging about since 2003.  These low rates, combined with seller insecurity about the future keep Portland as a bit of a buyer’s market.  That being said, sellers, unless they must sell, aren’t giving it away.  Unknown futures go both ways and in many sellers’ minds, the future could be better.

If you are curious what is going on in your micro-market, I’d be glad to provide a current market analysis on your home, or show you properties for sale in your area.  Give me a call!

Solar Power in Portland?

Wednesday, July 14th, 2010

I’m excited!  We’re  taking the first step toward getting solar panels on our house.  My husband works for a local power company that does business in the mountain and western states.  He works on energy efficiency programs for primarily commercial and industrial customers.  Energy efficiency is big in our household.  We have a doohicky on our meter so that we can read, from inside the house, how much power is being used at any given time.  We have a thingamajig that plugs in between an appliance and the outlet to measure the phantom power used by an appliance (to light that little light,keep the clock going on the coffee pot etc.).  Our lights have compact florescent light bulbs and we’re moving toward L.E.D. light bulbs.  I drive a hybrid car, my husband takes the bus to work and drives a bio-diesel truck when he drives.  But we don’t have solar power…yet.

Last year our neighborhood participated in Solarize Portland.  Enrollment ran from June – September 2009, with over 400 households signing up to install solar power.  We missed it (my mother passed away in June 2009, so last summer was kind of consumed by all that goes with a death in the family).

But…though that project is complete, the program still exists; harnessing the power (excuse the pun) of group purchasing and the efficiency of coordinating contractors and project management as a group.

Through Solarize Portland’s on line tools, we passed a preliminary evaluation of  the house and site suitability for solar power (tree coverage, roof area and charachteristics etc).  Today, we get a site visit from a project manager who will define the scope of work; how many panels, where, a projection of how much power we’ll generate  and so on.  From there, a contractor participating in the program will submit a bid for the project, using the scope of work proscribed today. 

The group purchasing power is projected to save us 15 – 20% of the project cost.  In addition, Oregon’s Residential  Energy Tax Credit provides some pretty darn good benefits.  There can also be federal tax incentives.

A recent program launched in Portland, whereby homeowners register for the right to sell solar power back to the power company for above market rates.  Sounds great, but the program is so popular, the designated capacity (how much power the power companies are willing to buy at these rates) sold out in 15 minutes.  You may remember the recent article on this program in the Oregonian.

While we’d love to participate in selling power back, for now, we are excited for this first step in our solar future.  I’ll post updates as we move closer to solar power.

Real Estate Investing in Portland?

Tuesday, July 13th, 2010

Thinking of buying a piece of rental property?  Here are a few things to think about.  Oh yeah, you want the transaction to make sense financially, and what that means for you may best be left up to your financial advisor or accountant.  Some folks need a write off, others have some cash they need to park someplace.

As the real estate market starts to recover, we are seeing investors come back into the market.  30% of my business last year was investors buying plexes in Portland’s close-in eastside.  Interest rates are low, but non-owner occupied financing does require 25 – 30% down payments, along with great credit and some reserve funds.

This post though,is about the actual property itself.  House or duplex.  Duplexes will be a bit spendier, but give a bit more security; one tenant can move out, but you still have some income coming in.  The downside is tenant issues; noise complaints, yard usage, parking, laundry facilities.    And when it is time to sell, duplexes will usually sell to investors, making decisions on your property’s income and expense statement.

Single family houses are just that. One tenant; no tenant complaints, but when it is vacant, there is no rent coming in.  Single family houses though, when they sell, might sell to an emotional, first time buyer, who could be willing to pay a premium for that nice work you did.

As for duplexes, in Portland you’ll see two basic types;.  First are older family homes that,at one time, were split into duplexes, most likely after the war when housing was scarce.  These reconfigurations were done with varying attention and taste; usually leaving a main floor unit with lots of nice living space and the upper unit a mish-mash of small rooms with a kitchen and bath crammed in somewhere.  Lotsof charm though, a big front porch, nice back yard and usually a common basement.  Utilities may or may not be separate; shared electriuc boxes, shared hotwater heaters and possibly even shared furnaces.   Here is an exterior photo of one my husband and I bought in 1996:

Or, you’ll see duplexes that were originally built as duplexes; some built long ago in the early 20th century, and plenty built mid-century and later.  Most duplexes that were “built-as” have separate utilities, separate basements, sometimes two garages.  Often the floor plan will be well thought out, with stairways and closets acting as sound buffers, and bedrooms far from each other.  These “built-as” tend to fetch a bit higher prices than the house conversions both in rent and sales prices.  Click here to see the listing (not mine) of a nice, well kept, “built-as” plex.

Many investors look only to the bottom line, and the ratio of income and expenses.  To me, this can be short sighted, especially if you are investing for the long haul.  The converted house pictured above was a deal when we bought it, but in the last year we spent $$!! to upgrade the electric panels, a real furnace for the upper unit (it was previously heated with one of those all units).

Thinking of investing in rental property?  Being a landlord isn’t for everyone, but as a long term investment, real estate can help balance mutual funds, 401k’s and the like.  I’d be glad to talk with you about a variety of real estate investments and options.

Bungalow in Portland’s Roseway Neighborhood: Open 7/11/2010

Friday, July 9th, 2010

Portland’s Roseway Neighborhood sits in the Northeast quadrant of the city.  It is a neighborhood with consistent architecture, quiet streets and well kept yards.  This bungalow is for sale, listed at $289,000. View the MLS listing here.

4008 NE 75th Avenue, Portland, Oregon

The house was built in 1929 and has much of the original charm still intact; hardwood floors, glass doorknobs, built-in glass doored shelves, wood burning fireplace and more. 

Living Room with Hardwoods and Built-ins

The house has two bedrooms on the main floor, and in addition, two rooms in the attic; one paneled in classic knotty pine like grandma used to have.  The full bath, on the main floor has vintage hex tile on the floor, and a gleaming, newly enameled bathtub..  Many of the systems of the home have been upgraded including a newer 90% efficiency gas furnace and decommissioned oil tank.  All appliances and window coverings are included with the house, making move-in all the more affordable. The inviting backyard has many flowering perinnials for year after year enjoyment, along with plenty of space for a vegetable garden.

Backyard

Close proximity to NE Sandy Blvd. make for easy access to much of Portland either by public transportation, car or bike.  Restaurants, a major grocery store and other services are just blocks away. 

This home will be open Sunday, July 11 from 2:00 – 4:00 pm. .

City of Portland; On Hold

Thursday, July 8th, 2010

The City of Portland is getting creative while you wait.  Teaming up with the city,  Rumblefish, the Portland-based sonic branding and music licensing company, is providing local contemporary music for your listening pleasure while you hold.  Listen Local aims to connect the public with some of Portland’s current music while supporting local artists and fulfilling Portlanders’ love for all things local.

The music comes from Rumblefish’s catalogue of local music; put together with Rumblefish’s criteria.  Musicians may submit work for consideration, noting that it is intended for the Listen Local project.  The project is a joint venture between the City of Portland and Rumblefish.  Similar projects have occurred in Austin, Texas and Seattle, Washington.

A Community Listening Panel chooses the list quarterly.  They are provided a list of about 40 songs that have been vetted for profanityand controversial content.  The panel then uses criteria to chose the list, including such factors as diversity, tone and mood.   Rimblefish licenses artists’ songs to the City of Portland, giving participating artists compensation for their work.  A new “playlist” is provided quarterly.

Check out this fun commercial for the project here: Listen Local

Follow this link for the complete story and access to the current hold music for the City of Portland.

Lost a Dog in Portland?

Monday, July 5th, 2010

The fireworks of the 4th of July, and surrounding days are notorious for terrorizing pets and causing unexpected and sometimes disasterous behaviors.  Owners often underestimate the impact of unexpected explosions on their furry friends.  I had the opportunity yesterday to help with a lost dog (or two), both with happy endings.  Not all such situations end happily.

It was a sleepy July 4th morning, with me playing on facebook.  Up pops a post from my friend Rita, who is in Europe for the summer.  She had gotten a report from a neighbor that her dog was missing; last seen the previous evening several blocks away at the neighborhood grocery store.  Now, many of you know, I am an animal rescue nut.  Helping animals is my passion.  There was no question but I would help.  Fortunatley Rita had a photo of Greta on her laptop, with her and posted this photo to facebook.

Greta

 I threw together some “Lost” posters using a program through Best Friends Animal Society and headed over to Rita’s neighborhood in North Portland.  There happens to be a very reputible and popular vet close to her, so I posted the flyer on their door as they were closed,  figuring they’d find it when they opened.  I drove around the neighborhood, realizing I really didn’t know it that well, and didn’t have enough posters to plaster everywhere.  I headed to Rita’s house in search of some ideas and for lack of a better plan.  And there, across the street, was my best resource:  a somewhat elderly lady clutching a small white dog, watching the comings  and goings of the neighborhood.  As I explained myself, she lit up (this could have gone either way right).  She was worried sick about Greta, was angry that she was missing at all and filled me in on all the neighborhood scuttlebutt.  Rita has a tenant, who was to be looking after Greta in Rita’s absence.  Clearly the tenant has not been particularly responsible about this. 

The neighbor agreed to post my posters as she REALLY had a bettter idea of the neighborhood.   I planned to refresh her supply the next day.  I then, would go to work on the internet, as that is more my forte.  As I left, the neighbor suggested I check with Dove Lewis, portland’s 24 hour state of the art, emergency vet.  Yeah, yeah, I’d check with them, along with a variety of sites and postings.  But when I got home, I somehow went to Dove Lewis Lost and Found Pets first and posted Greta’s lost profile.  Only then did it occur to me to check the “Found” listings.  There she was!!  Oh, she looked a bit different and they had aged her at four (she must have good teeth) when her real age is closer to ten.  Greta has those spots on her nose and shoulders which are quite distinctive, so I was pretty sure it was her. She had been picked up by some good samaritans in Rita’s neighborhood, and brought in to Dove Lewis at 11:00pm.  Holiday schedules and low funding had prevented the Multnomah County Animal Control from picking her up sooner, so she was actually still at Dove Lewis, a 365 day a year, 24 hour business.  I called the neighbor and let her know I’d be bringing Greta home, texted Rita the good news and set off for Dove Lewis.

But wait, as I pulled out of my driveway, there stood a lovely, but somewhat aging golden retriever, whom I did not recognize (animal nuts like myself know who their neighbor dogs are).  Leash in hand I hopped out and leashed the dog (no collar, but a slip knot worked).  I was about to put said golden in my garage until I had time for him, but down the sidewalk came a dad and his boys, “We just let him out and then he was gone!”.  We led the dog back to their house, and as we approached they took the leash off  thinking the dog would head to his yard. But remember, panicked dogs don’t act like they usually do, so this guy headed again toward my house.  I was able to get him again, and this time led him to his basement, where a nicely asked the owners to please keep him for the night.

Now, to Dove Lewis to retrieve Greta.  Dove Lewis was BUSY.  They are usually busy, but animals do wierd things when panicked; they eat unusual things, they injure themselves, they are more likely to fight, and they run away.  So Dove Lewis was REALLY BUSY.  An amount of $’s and time later, and Greta was sprung; sedative prescription in hand for the coming night’s fireworks.  I drove her home, and with the neighbor’s help talked with the tenant explaining what Greta would need: to be kept insode, a dose of the sedative later and to be closely watched when she was outside.

A little late, I headed to friends to BBQ and take in the fireworks over Portland, feeling good about those I had helped, but a bit worried a few less lucky dogs and cats.

Please play it safe, keep your pets inside; such an easy thing to do can prevent so much.  Also, make note, the hero here is the unknown person whp took the time late on a Saturday night, to pick up Greta and take her to Dove Lewis.  Without that, Greta could easily still be out there, scared more than ever by last night’s revelry.

Portland’s 4T Trail and its Urban Counterpart

Saturday, July 3rd, 2010

Portland is known for its many and varied parks from the well coiffed Rose Garden to the wild and natural Forest Park.   Portland is also known for being a leader in public transportation.    The mixture and proximity of  trails and transit makes for some fun excursions.  The Oregonian had a nice article this morning on the unofficial 4T Trail .    This of course, reminded me of the original 4T Trail that debuted in 2009. 

The original trail was the vision of Portland neighborhood activist and retired timber executive Don Baack.  Yes, in Portland a retired timber executive really can be a neighborhood actrvist, but that is another story.  The original trail is a nine mile loop starting at the Oregon Zoo. From there one hikes to Council Crest, the highest point in the city, allowing views to Mt. St. Helens, Mt. Adams, Mt. Rainier and of course Mt. Hood.  A bit more hiking brings you to the aerial tram, connecting Oregon Health Sciences University’s Marquam Hill Campus to the South Waterfront Campus.  The Portland Tram is actually part of Tri-Met, our public transportation provider.

Tram picture at sunrise

From the tram drop off at the South Waterfront, the Portland Streetcar runs along the waterfront, up through Portland State University and into downtown.  Change from the streetcar to MAX for a quick train ride back to the Oregon Zoo.  Make note, on the way to the zoo you’ll be in the deeepst tunnel in the United States.

The unofficial, slightly more urban version of the 4T Trail starts at Council Crest, with a walk down to the Orgon Zoo.  Entering the Zoo, you can take time to see a few exhibits, before boarding the Zoo Train to Washington Park.  Here you can stroll the International Rose Test Garden and the Japanese Garden, before taking a short walk to the shops and restaurants of NW 23rd Avenue.  NW 23rd might be the place to grab some lunch or a snack before boarding the streetcar for Powell’s Books. 

Don”t get too involved in Powell’s as you still have a ways to go.  Board the streetcar again, to wind through downtown and Portland State University to the tram station located at the South Waterfront.  Ride the tram up to Oregon Health Sciences University.  From OHSU, walk back up to Council Crest.

Both of these “trails” have a lot to offer, both have their share of verticle rise in hiking, varying modes of transportation and access to distinct parts of Portland.  Enjoy!

Check out this video on taking transit to trails in the Portland area.

Portland, Oregon ranks #6 in Best Cities for Families

Saturday, July 3rd, 2010

Parenting Magazine ranked 101 cities in their suitabilityfor families.  The magazine looked at several factors education, health, safety, economy and recreation.  Portland scored high in safety, air quality and recreation.  In addition, Portland’s real estate market is seen as more active than many other communities, something I like to hear.  It is no surprise that Portland would do so well in the listed categories; especially recreation.   

 Our friends to the north, in Seattle faired worse,  ranking #28, which surprises me.  I’ve always thought of the two cities as fairly similar.  Though both Seattle and Portland have great access to recreation, Portland ranks better on both health and safety – factors that are important to families.    And interestingly, Seattle and Portland had very similar average commute times. Make note though, Seattle is the most literate city in the United States.

Also notable in the article were Arlington, VA as #1 and Detroit, MI at 101.  Kudos or Ann Arbor MI for coming in at #4.

Read the complete Parenting Magazine story.

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