Buying and Selling in Grangeville Idaho Real Estate Market Stirring

Spring is on its way, and I’d like to apologize for my lack of postings on my blog.  By not having posted a new article in a week or two, I’m breaking my own cardinal rule of being consistent when communicating with readers.  Anyhow, I am working hard in the background and would like to provide a report of the Grangeville Real Estate market to keep you updated (from my own perspective, of course).

In the past several weeks, I have listed a beautiful 1768 Sq. Ft. Home, with gorgeous interior detail (such as crown molding throughout) and quality home and bath fixtures, as well as a spacious Master Suite with cast iron jetted tub and large shower.  Click here for photos of this home.  Detailed info will be available today as well. The home is located on the corner of Red Barn Lane and Mount Idaho Grade Rd. with unencumbered east and southeast views of the mountains and includes 2.75 Acres. Uou won’t have to lift a finger inside this home.  Its immaculate, well maintained and well built, all the way around, inside and out.  Hire someone to mow the lawn, plenty of space to park your RV or even build a shelter or shop for the RV, and travel when you want.   Value priced at $295,000.

Also recently listed, is a family size home on East South 7th and Scott St.  I’ll update you on the particulars of this home in a day or two.  The home is in great condition and has been very well maintained.  More to come.

Today, I’ll be listing a smaller 2 Bed/1 Bath home, great for a rental or for starter, or if you just want something small to maintain.  The owners have completely gutted and remodeled the interior and its absolutely beautiful with meticulous design.  This could be in architectural digest.  I’m so impressed.  The pricing will be somewhere in the $140K to $150K range.  Move in ready, with a shop in the back. This will be a great home for someone. 

I have also written up several offers lately, one of which has been accepted.  A south fork home with river frontage is under contract. 

Calls are trickling in and the activity is stable.  I look for a good season.

I’ll update you on the new listings real soon.  Enjoy the sunshine since our time change!

Beautiful Grangeville Idaho Home with Acreage Near Town

Coming soon is a listing of a 1768 Sq. Ft Home, absolutely beautifully decorated and very well constructed, built in 1998 with unobstructed mountain views, a great private well, very close to town on a couple of acres.  You won’t find a better maintained home than this with crown molding, excellent insulation throughout, Kohler fixtures through the home, with a large 2 car garage.   If you’re a baby boomer looking for a home that is not too big to maintain, this will be one you should monitor.  Information will begin to show up online, here at marymangold.net and in the Lewis Clark Board of Realtors MLS system.

Priced at $295,000.

Grangeville Idaho Residential with Acreage

Grangeville Property 

Super Snow Bowl Weather

The temperatures were mild today.  Highs of upper 30’s.  Around 10am or so, it began to snow.  Little tiny flakes in a mist like snow, fell and continued to fall all day, throughout the evening too. 

I just opened the window for a peek, and did not detect any wind, breeze nor snow fall.  Its quiet, soft, and cold enough to remain as light puffy snow.

Tomorrow is another day.

Listing Season is in Full Gear

There aren’t many real estate sales that closed in January.  7 or 8 pending transactions on the books.  The 3 sales from the past 5 days involved vacant land deals in the region.  72 Acres did sell on Red River Road, same location where my new listing for a custom log home resides.  The 72 Acres was listed for $699K and closed substantially lower to a non-resident of the area.

This winter has been especially healthy in the amount of cold and snowfall, replenishing are drought ridden acquifers and will help when fire season returns.   Once better weather begins to appear more readily, folks who want to escape the cities to a simpler existence, or to search for a vacation getaway, will return with funds to spend. 

As most seem to agree, we are somewhat insulated here in the region of Idaho County from the fraud and foreclosure pony show going on in other states, and even in densely populated cities of Idaho.   Nonetheless, there are those even in our midst who will suffer from the seeds sown in the markets of yesterday. 

I spent a few minutes this morning catching up on the last 60 minutes segment that spun the story of complete and utter mortgage fraud.

The whole story is downright disgusting, from the words of the consumers all the way to the impacts to our world economy.   The Global Economy needs an INTERVENTION.  Reality TV may be able to shake some sense into the world.  But of course, its someone elses fault.  Lets blame it on Sadam Hussein.  He’s dead, so he won’t care.

Breaking News :: Mortgage Fraud and Now Foreclosure Recovery Fraud

Wow, the news is full of ripe news (or is it “overripe” news) about the investigations of mortgage fraud sweeping the country by the FBI, the SEC, the DUMB, the CONS. 

As a real estate agent, I put my trust in the banks who qualify buyers for loans.  But things just don’t add up for many of the lending practices.

The big tip off that something was awry in the mortgage banking industry came for me in 2006.  I was working with a gal and her significant other we’ll call Samantha and Dale.  Both essentially unemployed, they had purchased a home in another state based on some sort of income producing endeavor 2 years previous, and now they were ready to move to Grangeville Idaho to buy a new home.  They sold the home in the other state, providing a means for sustaining their lives for a time, and producing a handsome downpayment on the new loan in Grangeville. 

Both talented in their own entrepreneurial spirit, Sam and Dale found the home of their dreams and set out to buy it through one of the larger traditional banks in the country, known for its strict guidelines.  Who was I to question the loan of $200,000 to a single borrower who had credit and stated income enough to purchase a $275,000 home.   What bank in its right mind would lend that much based on W2’s for a couple appearing to ”not work” at all.   Without question, there was no real solid business base to effectively show a consistent income stream.    Sams credit not worthy, the couple pursued the purchase of their home based on the Dales credit worthiness alone. 

Dale closed on the new home and they moved in, setting up their new lives, in a new town, with new people to meet.  

In the meantime, I continued to question the banks sanity in the endeavor to lend such a big chunk to a couple who didn’t seem to be in a real big hurry to secure jobs.   A year later, refinancing was the game plan, and the home was used as a cash cow to extract equity that could be used to purchase lots of new fun toys.  Cha-ching. 

Next story:  Banks hiring appraisers to inflate values on homes for refinancing.

5 Acre building sites for sale in Grangeville Idaho Real Estate Market

Just 3/4 miles south of Grangeville, these five acre lots are in an excellent location on Fish Hatchery Road.  Unencumbered views of the mountain range to the south also make these lots a beautiful site for your future ranch.

Investors!  These lots are in such an excellent location close to Grangeville, you definitely don’t want to miss out on the potential of this investment to grow your money faster than the banks, while interest rates are low. Appreciation of land values are increasing quickly in this area.  Get in while prices are still low and per acre prices are $15,000 ea.

Download the flyer. Flyer  Grangeville Real Estate, Building lots for sale in Idaho County,

Download the parcel map. Aerial Map with Overlay

Questions?  Contact Mary Mangold:  208-983-7602

Welcome to Mary Mangold’s Blog!

Welcome to Mary Mangold’s Blog! This blog will provide you with valuable information, tips, and general insight into the real estate market in Grangeville.