Monthly Archives: February 2011

Elegant home for sale in Stratford Woods, Delaware OH

You’ll enjoy living in this wonderful stately home that features many handcrafted upgrades not found in typical homes in this price range. It has a wonderful backyard that is enclosed with fencing. All landscaping has been professionally designed. There’s even a pergola over the patio. Tired of not being able to park your cars in the garage? This home has a unique storage space for lawn equipment, toys or bikes that is accessible from the garage or the outside.

Large rooms are enhanced with crown molding and other special treatments, including the sparkling butler’s pantry, encased molding in formal rooms, pillars defining the Family Room and rich hardwood floors. The large kitchen has a center island with dining extension, custom ceramic backsplash, planning desk and pantry. Nearby is a 1st floor laundry with cabinets and utility sink.

Upstairs are 3 BR’s with the owner’s suite well separated from other bedrooms. A must-see is the room-sized owner’s closet with dressing area. Hardwood floors are throughout the 2nd floor except for the 2 baths. The owner’s bath has a raised 2-sink vanity and jetted tub.

In the lower level is a finished room. The home also has a central vac system for your convenience. There is over 2300 sq ft of finished living space. SOLD for $191,700. Google Map

Home Buyers – get your running shoes on

In the starting blocksPlanning to buy a home this Spring? If so, it’s now time to start viewing homes. You’ve probably been doing the preliminary work in your jammies.

You need to finalize talks with your favorite lender. If you don’t have one yet, that step must come first. Let me know if you need a lender, as I know a couple really good ones.

I expect a rush of new listings to hit the market the first half of March. We’re already seeing some homes go into contract.

Watch this blog for a couple new homes that I’ll be listing next week. They’re really nice homes. Both are 2-stories. One is in Dublin schools. The other is south of Delaware.

Give me a call if you need help buying … or if you want to put YOUR home on the market.

There’s a new real estate broker in central Ohio

The analytics for my blog lets me see the Google search terms that people used prior to clicking on the link to this blog. Most of the terms are pretty predictable as people search for info on buying or selling homes or looking for homes for sale.

Weiner Dog RealtySometimes the combination of terms is rather humorous. Had one of those tonight. What was the term?

wiener dog realty + peanut

My twitter name is ReesesPeanut. My YouTube channel is ReesesPeanutTeam. My LinkedIn profile is also ReesesPeanutTeam. So apparently that is why the word ‘peanut’ is there.

I wonder if Harley E. Rouda, the founder of HER Realtors (now Real Living HER) would be offended if the name changed to Wiener Dog Realty? BTW, Murph has his bluetooth all ready to take client calls. Wanna buy a dog house?

Are you getting your money’s worth?

In Ohio, our property taxes pay a good portion of the funding for schools. That has been a hot topic politically for several years and the issue isn’t resolved yet. Of course, our property taxes pay for more than just the schools, such as police, fire, emergency services, libraries, etc.

For a number of years, I’ve provided readers with a graph of the residential tax rates for all the taxing areas within a school district. With every update each year, the tax rate increases. There are also significant differences from one school district to the other depending on the levies residents have voted on. How much a school has to spend can also rely on the number of homes, the type of property (upscale homes vs farm land) and the concentration of retail, office, and corporate businesses.

This year I added in the Ohio Dept of Education’s report card rating. As I was retrieving all the data, I thought that the higher ODE ratings would match the higher county assessed property values. As you’ll see on the chart, a district such as Buckeye Valley (mostly rural) seems to be “doing more with less” in that their ODE rating is the same as much higher assessed (taxed) districts.

central Ohio assessed tax rates per school district

Click to enlarge chart, then click again

Additional Stats
School District Graduation Rate 2010 Avg Home Price
New Albany 99.6% $429,398
Dublin 98.5% $331,705
Upper Arlington 98.3% $353,377
Hilliard 95.4% $197,642
Buckeye Valley 94.2% $205,342
Westerville 93.4% $193,447
Olentangy 98.1% $335,190
Big Walnut 97.9% $283,001
Worthington 95.5% $231,887
Delaware 91.5% $142,116

Copyright © 2011. Elaine Reese, Real Living HER. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

My tip for your sump pump drain

Last year, about this same time, I wrote an article about the importance of clearing snow from the curbsize drain that leads to your sump pump. We’re to get temps in the mid-30′s this week so it seems a good time to repost this article.

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Although the weather forecast isn’t calling for any days above freezing yet, we certainly hope that these FEET of snow go away eventually. When the melting begins, we’ll need to be ever present for potential damage to our homes.

I learned a lesson a few years ago regarding the exterior sump pump pipe. We had some melting days, but then the nights would cause refreezing. The drain that opens to the street was still packed with snow. This meant that the melting snow flowing into the inside sump pit couldn’t eject the water into the street. As a result, the water stayed in the ground pipe and froze. Once it froze, there was no where for the sump water to go.

A local news station had a report on how to fix this problem that apparently others were having as well. First step is to clear the snow from the curb drain so that when melting does start, there is a place for the flowing water to go.

sump pipeIf the drain from the house to the street is already blocked with frozen water, then you may need to unscrew the cap near the top of the sump pipe (see arrow in photo) to allow the water to eject. The TV station mentioned that there was a special extender that could be purchased at a store like Home Depot or Lowe’s that could be attached to the sump pipe to carry the water away from the home’s foundation. By the time I went to the store, they were all sold out so I had to jerry rig a 5-ft long piece of PVC pipe to expel the water away so that it wouldn’t just flow back down near the foundation, causing the sump pump to recirculate the same water over and over.

So, as you’re out shoveling the drive and sidewalks, you should also shovel the snow from the sump’s curb drain to allow the water to flow freely which might avoid having it freeze in the pipe to the house. When the chunk of ice on my drain finally thawed enough to flow out to the street, it was a nearly 30″ long cylinder of ice.

I learned my lesson and will be clearing that curb drain … just as soon as the snow plows quit piling it up again and again.

Copyright © 2011. Elaine Reese, Real Living HER. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

What will housing prices do in 2011 in Central Ohio

Let me start by saying that I don’t believe anyone knows what home prices “will do” in 2011. There are just too many variables and too many national or global events that can have an impact. It also depends on the data the “forecaster” is using and the area the forecaster is considering.

Recently Forbes projected that the Columbus metro area housing prices would see a 2.1% price increase. Columbus was 5th of the 10 markets projected to increase in 2011.

“There really is this segmentation of these markets occurring where the one-size-fits-all national level numbers to represent all numbers really isn’t valid anymore,” notes Alex Villacorta, senior statistician at Clear Capital. “Overall we’re seeing prices start to stabilize going into 2011, but unfortunately some of those markets will stabilize in the downward direction where others will see a sustained recovery.”

Business 1st just released a 2011 projection with a headline that prices “will stink”. Their source was Fiserv, Inc.

Fiserv Inc. reports average home prices in Central Ohio fell 1.5 percent from the third quarter of 2009 through the end of the same period in 2010. Battered homeowners could see those prices sink an additional 2.8 percent by the third quarter this year and, according to Fiserv’s projections, and not begin to turn around until mid-2012.

That’s two totally opposite points-of-view. We all know that all real estate is local. In January, I did a year-end review of 10-Year Average Prices for the area I service. For my service area, I would project that prices may be stable-to-increasing for southern Delaware County (Powell, Lewis Center, Galena) and Dublin. Someone reporting on Hilliard, Westerville or Delaware real estate might have a different viewpoint.

The one thing I DO know is to not pay attention to National numbers. Another good idea is to always look at the source of the data the forecaster is using AND whether there is a motive to skewing the numbers to fit a particular objective.

If real estate is “location, location, location” then quoting data is “challenge, challenge, challenge”.

Copyright © 2011. Elaine Reese, Real Living HER. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.