Yarrow Point Neighborhood Blog: February 2011

Investors snap up cheap homes, new buyers miss out

By DEREK KRAVITZAP Real Estate WriterRelatedWASHINGTON — Home sales are starting to tick up after the worst year in more than a decade. But the momentum is coming from cash-rich investors who are scooping up foreclosed properties at bargain prices,...

Risk of foreclosure dips, but remains elevated

By JANNA HERRONAP Real Estate WriterRelatedNEW YORK —Fewer Americans fell behind on their mortgage payments in the final three months of last year, but foreclosures are still rising. The Mortgage Bankers Association said Thursday 8.2 percent of homeowners...

Just for Laughs

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Try to Resist the Temptation to Over Improve

You have received some extra money! You want to remodel! If you are planning a major renovation, take a few sensible precautions before having plans drawn up and signing on the contractor's dotted line. Any time you do any significant remodeling,...

Debt could be a deal-breaker

By Kenneth R. Harney Syndicated columnist WASHINGTON — One loan officer describes it as a "financial colonoscopy" on your credit, and he suggests anybody applying for a mortgage be prepared for it. What he's talking about is the combined effect...

Rate on 30-year fixed mortgage rises to 4.81 pct.

The average rate on the 30-year fixed mortgage edged up this week as bond yields increased.By JANNA HERRONAP Business WriterRelatedNEW YORK — The average rate on the 30-year fixed mortgage edged up this week as bond yields increased. Freddie Mac said...

Welcome to Yarrow Point

The Yarrow Point Neighborhood, known as the Nantucket of the Eastside, is home to 1,010 residents within 405 homes. Most live on waterfront property or can walk a short distance to one of the beach docks or parks on the water. Those that don’t have a house on the water have tremendous views overlooking Lake Washington and downtown Seattle. The peninsula is surrounded by communities like Clyde Hill, Kirkland, Hunts Point, and Medina where there's numerous recreational parks and paths to lead you in to downtown Kirkland and Bellevue.

Yarrow Point sits on the eastern shore of Lake Washington, about seven miles from Seattle. Homeowners enjoy more than 200 acres of the peninsula and over seven miles of streets that are ideal for a drive, walk, or bicycle ride.

Yarrow Point hosts its own 4th of July celebration. This neighborhood is a community that embraces new residents while cherishing those who have been residents for lots of years.

Homeowners here favor the sport court as well as the boardwalk that connects in to Kirkland. Yarrow Point is the fourth wealthiest area in Washington, based on per capita income. Families are provided with the Bellevue School District as well as local private schools like Bellevue Christian.