Famous People and Their Stunning Homes: Discover Idaho Real Estate's Hidden Gems

Idaho is a state that is full of natural beauty, low cost of living, and a laid-back lifestyle. And, it is not just the ordinary people who are taking notice of this; famous celebrities have also taken to Idaho as their residence, adding to the allure of Idaho real estate. At Real Estate Two70, we want to help you discover the hidden gems of Idaho real estate by showcasing the stunning homes of some of Idaho's most famous residents.

Aaron Paul's Breathtaking Sun Valley Home

Aaron Paul, the star of the hit TV show Breaking Bad, owns a stunning property in Sun Valley, Idaho. This six-bedroom house boasts a private gym and movie theater, making it the perfect luxury retreat. The house's interior is stunning, with an inviting fireplace, modern finishes, and spectacular views of the surrounding mountains. The home's exterior is equally as impressive, featuring an expansive patio and manicured lawn. At Real Estate Two70, we can help you find a property that suits your lifestyle, whether you're looking for a cozy cabin or a luxurious retreat.

Wayne Gretzky's Lakeside McCall Retreat

Hockey legend Wayne Gretzky has made his home in McCall, Idaho. His lakeside retreat features a private dock, hot tub, and stunning views of the lake and mountains. The home's interior is elegantly designed, featuring high-end finishes and a modern open-plan layout. The property's outdoor spaces are just as impressive, with a spacious deck perfect for outdoor entertaining. If you're looking for a lakeside retreat, Real Estate Two70 can help you find the perfect property in McCall.

Mark Zuckerberg's Rustic Sun Valley Getaway

Mark Zuckerberg, the founder of Facebook, loves spending time in Sun Valley. His home in the area is the perfect blend of rustic charm and modern luxury, featuring a home theater and wine cellar. The home's interior is beautifully designed, with a cozy fireplace, vaulted ceilings, and high-end finishes. The outdoor space is equally as impressive, featuring a spacious patio and stunning views of the surrounding mountains. At Real Estate Two70, we offer a wide range of properties in Sun Valley to help you find the perfect getaway.

Martha Stewart's Picturesque East Hampton Home

Martha Stewart is known for her expertise in home decor and entertaining, and her property in East Hampton, Idaho is no exception. This picturesque home features a spacious kitchen and cozy living room with a fireplace. The home's interior is elegantly designed, with high-end finishes and a modern open-plan layout. The outdoor space is just as impressive, featuring a lush lawn and stunning views of the surrounding landscape. At Real Estate Two70, we can help you find a property that suits your taste and budget.

Demi Moore's Sprawling Hailey Compound

Actress Demi Moore owns a stunning 5-acre property in Hailey, Idaho. The compound includes a main house, guest house, and horse stables. Its open-plan living area and breathtaking views of the surrounding mountains make it a true masterpiece. The home's interior is elegantly designed, with high-end finishes and a modern open-plan layout. The outdoor space is equally as impressive, with a large pool, expansive patio, and lush gardens. Real Estate Two70 can help you find a property that meets your unique needs, whether you're looking for a ranch or a modern luxury home.

In conclusion, Idaho offers a wide range of real estate options, from cozy cabins to luxurious retreats. Its famous residents have only added to the appeal of this state, making it a sought-after destination for anyone looking for a place to call home. At Real Estate Two70, we have an expert team of agents who are passionate about helping people discover the best that Idaho has to offer. We understand that buying a home is a major investment, which is why we take the time to get to know our clients and their unique needs.

The Teton Dam Disaster: A Tragic Moment in U.S. Engineering History

On June 5, 1976, the Teton Dam in eastern Idaho failed, sending a catastrophic wave of water through the surrounding area. The collapse of the dam resulted in the deaths of 11 people, caused millions of dollars in property damage, and impacted the landscape and lives of those who lived nearby.

Construction and Design of the Teton Dam

The Teton Dam was a federally funded project that was built to provide water storage and hydroelectric power to the eastern Idaho region. It was constructed on the Teton River near the town of Newdale and was designed to be an earth-filled dam with a height of 305 feet and a length of 3,000 feet.

Construction of the dam began in 1972, and was completed in 1975. It was designed to hold approximately 300,000 acre-feet of water. An acre-foot of water is equivalent to one acre of land that is covered with one foot of water. The total cost of the dam was around $100 million.

The Disaster Unfolds

On June 5, 1976, a small leak was discovered in the earthen embankment of the dam. A crack approximately 100 feet long was found on the downstream face of the dam. The Bureau of Reclamation, which was responsible for the dam, dispatched an engineering team to investigate the leak. The team concluded that the leak was minor and not a cause for concern.

However, by 11:00 AM that day, the leak had grown to an alarming rate, and water was seeping out of the earthen embankment. The engineers on the scene attempted to stop the flow of water by placing sandbags and other materials on top of the embankment.

As the day progressed, the leak grew in size, and at approximately 4:30 PM, the Bureau of Reclamation declared a state of emergency. Local officials began to evacuate residents from the surrounding communities.

At approximately 7:00 PM that evening, the earthen embankment of the dam collapsed, releasing a massive wave of water. The water rushed through the surrounding area at speeds of up to 20 miles per hour, and reached heights of over 300 feet.

Impact of the Flood

The floodwaters destroyed homes, businesses, and farms in the surrounding communities. The water also carried debris, mud, and silt, which complicated the recovery effort. The flood resulted in the deaths of 11 people, and over 13,000 people were displaced from their homes.

The property damage from the flood was estimated to be over $2 billion, making it one of the most costly dam failures in U.S. history. The floodwaters covered an area of approximately 80 square miles and reached as far as 20 miles downstream.

The aftermath of the disaster was marked by a massive recovery effort. Federal, state, and local officials worked together to provide aid to those affected by the flood. The Army Corps of Engineers was also involved in the cleanup effort, working to remove debris and restore the damaged landscape.

Investigation into the Cause of the Dam Failure

The Bureau of Reclamation conducted an investigation into the cause of the Teton Dam failure. The investigation revealed that the design and construction of the dam were flawed, and that the Bureau of Reclamation had not adequately assessed the risks associated with the project.

The investigators found that the geologic conditions in the area were more complex than originally thought, and that the engineers had underestimated the amount of water that would be held behind the dam. The investigation also revealed that the construction of the dam was rushed, and that quality control measures were not adequate to ensure the safety of the dam.

The investigation ultimately found that the dam failure was caused by a combination of factors, including the inadequate design of the dam, the lack of proper safety controls, and the complexity of the geology in the area.

Lessons Learned from the Teton Dam Disaster

The Teton Dam disaster was a turning point in the history of dam engineering and construction in the United States. The disaster led to significant changes in the way that dam projects are designed and constructed, and the lessons learned from the Teton Dam failure have helped to prevent similar disasters in the years since.

One of the most significant changes that resulted from the Teton Dam disaster was the establishment of the National Dam Safety Program. The program was created in 1978 to provide guidelines for the safe design, construction, and operation of dams in the United States.

The Teton Dam disaster also led to improvements in the way that geologic information is collected and analyzed during the planning and construction of dams. Today, engineers use a wide range of technologies and techniques to analyze the geology of dam sites and assess the risks associated with dam projects.

The disaster also highlighted the importance of effective communication and cooperation among federal, state, and local officials during times of crisis. The recovery effort following the Teton Dam failure was marked by a strong spirit of collaboration and coordination among officials at all levels of government.

Today, the site of the Teton Dam is a memorial to the disaster. Visitors can learn about the history of the dam and the events that led up to its failure. The site also serves as a reminder of the importance of responsible engineering and construction practices, and the need to be vigilant in the face of natural disasters.

In conclusion, the Teton Dam disaster was a tragic moment in U.S. engineering history. The failure of the dam resulted in the loss of life and property damage on an unprecedented scale. However, the lessons learned from the disaster have helped to improve the safety of dam projects in the United States, and the memory of the disaster serves as a reminder of the importance of responsible engineering and construction practices.

Conventional Loan Program: An Overview for Homebuyers

As a prospective homebuyer, you have several options when it comes to financing your new home. One of the most popular options is a conventional loan program. In this post, we will discuss what a conventional loan program is, how it works, and what you need to know before applying for one.

What is a Conventional Loan Program?

A conventional loan program is a type of mortgage loan that is not backed by the government, such as an FHA or VA loan. Instead, these loans are offered by private financial institutions, such as banks, credit unions, and mortgage companies. The terms and conditions of conventional loans are determined by each lender, but they typically have similar requirements and guidelines.

How Does a Conventional Loan Program Work?

When you apply for a conventional loan, the lender will evaluate your credit history, income, and other factors to determine whether you are eligible for a loan and what the terms of the loan will be. If you are approved, you will receive a loan that is based on a set interest rate and a set repayment period, typically 15 or 30 years. You will be required to make regular payments to the lender until the loan is paid off in full.

What You Need to Know Before Applying for a Conventional Loan

Before you apply for a conventional loan, there are a few things you should keep in mind:

Credit Score: Lenders typically require a minimum credit score of 620 to qualify for a conventional loan. The higher your credit score, the better your chances of being approved for a loan and getting favorable terms.

Down Payment: Conventional loans typically require a down payment of at least 5%. However, some lenders may require a higher down payment, depending on your credit history and other factors.

Debt-to-Income Ratio: Lenders will also evaluate your debt-to-income ratio, which is the amount of debt you have compared to your income. If your debt-to-income ratio is too high, you may not be approved for a loan.

Documentation: You will need to provide documentation to the lender, including proof of income, proof of employment, and proof of residency.

Appraisal: The lender will also require an appraisal of the property you want to purchase, to determine its value and make sure it is worth the amount you are borrowing.

Conclusion

A conventional loan program can be a great option for homebuyers who want to purchase a home without the backing of the government. If you are interested in applying for a conventional loan, it is important to understand the requirements and conditions and to work with a lender that can help you find the right loan program for your needs. At Real Estate Two70, we are here to help you navigate the home-buying process and find the best loan program for you. Contact us today to learn more!

The Homebuyer's Secret Weapon: How Home Inspections Protect Your Investment

The process of buying a home can be exciting, but it's also important to remember that this is one of the biggest investments you'll ever make. That's why it's essential to have a thorough and comprehensive home inspection before finalizing the purchase. In this blog post, we'll discuss why home inspections are so important and what you need to know before scheduling one.

What is a Home Inspection?

A home inspection is a visual examination of a property that is conducted by a qualified and licensed professional. The inspector will evaluate the condition of the property and identify any potential issues that need to be addressed. This can include anything from structural problems, and electrical or plumbing issues, to mold and pest infestations. The inspector will provide you with a detailed report that includes a description of the property's condition, along with any recommendations for repairs or improvements.

Why are Home Inspections Important?

Home inspections are important for several reasons:

1. Protect Your Investment - A home inspection helps to protect your investment by giving you a clear understanding of the condition of the property before you buy it. This can help you avoid purchasing a property that has hidden problems that could cost you thousands of dollars in repairs.
2. Identify Safety Concerns - A home inspection can help identify safety concerns that may not be immediately apparent to you, such as electrical or structural issues. This information can be used to make informed decisions about whether to proceed with the purchase or renegotiate the terms of the sale.
3. Negotiate Repairs - If the inspector finds any issues with the property, you can use this information to negotiate repairs with the seller. This can help you avoid costly repairs down the road and ensure that the property is in good condition when you move in.
4. Peace of Mind - Knowing the condition of the property you're about to purchase can give you peace of mind and help you feel more confident about your investment.

How to Choose a Home Inspector

Choosing a home inspector can be a daunting task, but it's important to find someone who is qualified, experienced, and impartial. Look for an inspector who is licensed, insured, and affiliated with a professional organization, such as the American Society of Home Inspectors (ASHI).

You can also ask for referrals from friends, family, or your real estate agent. Once you have a list of potential inspectors, be sure to ask them questions about their experience, qualifications, and inspection process. This can help you make an informed decision and ensure that you're working with someone who is right for you. 

If you are in the east Idaho area, we recommend Spartan Home Inspections (https://spartaninspections.com) for a home inspection. They have more 5-star reviews and are the highest-rated company in East Idaho. They are more thorough than any other home inspection company we have come across and they also offer a wide variety of other services such as water testing, radon testing, and more. 

In conclusion, home inspections are an important step in the home-buying process and can help protect your investment, identify safety concerns, negotiate repairs, and provide peace of mind. Don't skip this important step and ensure that you work with a qualified and experienced inspector who can provide you with a comprehensive report of the property's condition.

Homeownership is a dream for many people, and for good reason. Owning a home comes with a number of benefits that can improve your quality of life and provide financial stability. Here are just a few of the many advantages of becoming a homeowner.

Building Equity

One of the biggest benefits of home ownership is that you build equity over time. As you make mortgage payments, you gradually pay down the loan and increase the amount of your property that you own outright. This equity can be used to take out loans or used as a source of retirement income.

Tax Advantages

Homeowners can also benefit from tax advantages. The interest paid on your mortgage, as well as property taxes, can be deducted from your taxable income, reducing the amount of taxes you owe each year. This can add up to substantial savings over time.

Stable Housing Costs

Renting a home can be a financial rollercoaster, with landlords able to raise the rent whenever they choose. On the other hand, with a fixed-rate mortgage, you can lock in your monthly housing costs for the life of the loan. This can help you plan your budget and avoid unexpected housing expenses increases.

Personalization and Investment

Owning a home also gives you the freedom to personalize and improve your living space. You can paint the walls, install new fixtures, or even add an addition to the house. These improvements can not only increase your enjoyment of the property but also increase its value, making your home a wise investment.

A Sense of Community

Homeownership can also provide a sense of community. When you own a home, you become part of a neighborhood and are more likely to form relationships with your neighbors. This can lead to a stronger sense of community and a greater sense of belonging.

In conclusion, homeownership is a great investment that provides financial benefits, stability, and a sense of community. If you're ready to take the next step and become a homeowner, Real Estate Two70 is here to help. Our experienced real estate agents will work with you to find the perfect home and guide you through the buying process from start to finish. Contact us today to learn more!

The Snake River Multiple Listing Service (SRMLS) is an important player in the real estate industry, serving real estate professionals and their clients in the East Idaho region. But how did this MLS come to be? Let's take a closer look at the history of the Snake River MLS.

The concept of an MLS, which allowed agents to share information about listings with each other, was a revolutionary one. The creation of the SRMLS was a response to the growing demand for a more organized and efficient way of conducting real estate transactions.

In the early years, the SRMLS operated as a manual system, with listings and sales information being recorded on index cards. Over the years, the MLS has continued to evolve and adapt to changing technology. Today, the SRMLS is a fully integrated, digital platform that provides its members with access to a vast database of listings, market data, and other real estate resources.

One of the key strengths of the SRMLS has always been its commitment to providing its members with the tools and resources they need to succeed. From its early days as a manual system to its current state as a cutting-edge, digital platform, the SRMLS has consistently worked to stay ahead of the curve and provide its members with the best possible tools and services. This commitment to innovation and excellence has helped to establish the SRMLS as one of the most respected and trusted MLSs in Idaho.

Another important aspect of the SRMLS is its focus on collaboration and cooperation. From its inception, the MLS has been designed to promote cooperation and collaboration among real estate professionals, allowing agents to work together to better serve their clients. This spirit of cooperation and collaboration remains a defining characteristic of the SRMLS today, helping to foster a sense of community among its members and making the MLS a valuable resource for real estate professionals.

The Idaho Association of Realtors: A Rich History of Serving the Real Estate Community

The Idaho Association of Realtors (IAR) has been serving the real estate industry in the state for over a century. Founded in 1916, IAR has grown to become one of the largest and most influential trade organizations in the state, representing the interests of real estate professionals and promoting the highest standards of ethical behavior in the industry.

One of the main objectives of IAR is to provide support, resources, and advocacy for its members. Over the years, IAR has been at the forefront of many important initiatives that have helped shape the real estate landscape in Idaho. From advocating for fair housing laws to promoting continuing education opportunities for real estate agents, IAR has been a consistent voice for the industry and a trusted resource for its members.

In the early days of IAR, the organization was focused on building a strong network of real estate professionals and providing them with the resources they needed to succeed. This included hosting educational workshops and seminars, providing legal support, and offering networking opportunities for agents to connect with one another.

One of the key turning points in IAR's history came in the 1960s, when the organization played a crucial role in the passage of the Fair Housing Act. This landmark legislation, which prohibited discrimination in housing based on race, color, religion, national origin, or sex, was a major victory for the real estate industry and helped to level the playing field for all buyers and sellers.

Today, IAR remains one of the most active and influential organizations in the state, with a membership base that includes some of the most successful and dedicated real estate professionals in the industry. Through its extensive network of local and state-level committees, IAR provides its members with access to a wealth of resources, including educational programs, professional development opportunities, and legislative advocacy.

As the real estate industry continues to evolve and change, IAR remains committed to serving the needs of its members and promoting the highest standards of professionalism in the industry. Whether you are a seasoned veteran or just starting out in the real estate business, IAR is the place to be for the support, resources, and advocacy you need to succeed.

In conclusion, the Idaho Association of Realtors has a rich and storied history of serving the real estate community in the state. Through its tireless efforts and unwavering commitment to its members, IAR has helped to shape the industry and promote the highest standards of professionalism and ethical behavior. If you are a real estate professional in Idaho, there has never been a better time to join IAR and become a part of this rich tradition.

Rexburg, Idaho Real Estate Market Update

February 3, 2023

Welcome to this week's market update! This week we have seen a slight improvement in market activity, but not much. It still continues to be much slower than in the last several years. Year to date in Madison County Idaho, there have been 12 homes that have sold. The is a 53% decrease compared to last year at this time. Interest rates have fallen slightly to 6.09%, but we are still 72% higher than last year. The biggest obstacle continues to be the prices of homes not coming down as quickly as they should. The median sale price in Madison county is currently $319,000. That is a 16.5% decrease compared to last year.

Should I Wait to Buy or Sell?

What I generally recommend to my clients is if they are planning to purchase property as a long-term investment, you will most likely be just fine. Markets will always recover, and if you look at all of the historical trends in the United States over the last 70 years, we are always on an upward trend. Timing the market is extremely difficult, but if you plan to hold your property for more than five years, I would say that you will probably be in good shape. 

What About the High-Interest Rates?

The beautiful thing about interest rates is that they always change. If rates drop significantly over the next few years, you have the ability to refinance your property and lock in a much lower interest rate. However, if interest rates go up even more, you will be locked into your interest rate. That is unless you do an adjustable-rate mortgage. You have to remember that these are still historically low-interest rates compared to history. Although they might seem high it is just because we became so used to 2 1/2% and 3 1/2% interest rates for a few years. We definitely were spoiled!

Madison County Idaho YTD Real Estate Market Statistics

Why You Should Join Your Local Chamber of Commerce

Introduction

As proud members of the Rexburg Chamber of Commerce, we figured we'd write an article about the importance of joining your local chamber! Joining your local chamber of commerce can be a great way to get your business off the ground and make valuable connections with other entrepreneurs in the area. By joining forces with like-minded businesses, you can pool resources and grow together. But it isn’t just about networking; there are financial benefits to joining a chamber of commerce as well. In this blog post, we will discuss why you should join your local chamber of commerce and how it can help your business succeed. From exclusive discounts and access to shared knowledge, there is plenty to gain from joining this organization. Read on to learn more.

What is the Chamber of Commerce?

The Chamber of Commerce is a business organization that represents the interests of business owners in a particular community or region. The Chamber of Commerce can be involved in many different activities, such as promoting economic development, advocating for pro-business legislation, providing networking opportunities, and offering educational programs.

The Chamber of Commerce is often one of the most influential voices in the business community and can be a powerful advocate for its members. By joining the Chamber of Commerce, businesses can gain access to a wide range of resources and support.

The Benefits of Joining the Chamber of Commerce

The Chamber of Commerce is a great way to network with other businesses in your area. By joining the Chamber, you will have access to resources and programs that can help your business grow. The Chamber also offers discounts on products and services, which can save you money. In addition, the Chamber can provide you with information about new businesses in your area, as well as help you connect with potential customers.

How to Join the Chamber of Commerce

Most chambers of commerce will have an online presence where you can learn more about the benefits of joining and Chamber membership dues. You can also usually find a form to join the Chamber or contact information to get in touch with someone who can help you join.

The first step is usually to attend a meeting or event. This will give you a chance to see what the Chamber is all about and if it’s a good fit for your business. Once you’ve decided that you’d like to join, the next step is to fill out a membership application. The application will ask for basic information about your business, such as your business name, contact information, and type of business.

After you submit your membership application, someone from the Chamber will get in touch with you to discuss the payment of dues and any other questions you may have. Once your dues are paid, you’ll be officially part of the Chamber and can start taking advantage of all the benefits that come with membership!

Conclusion

Joining a local chamber of commerce is an excellent way to bolster your business’s reputation and make meaningful connections with other businesses. The benefits that chambers offer are varied and numerous, from networking opportunities to marketing resources, from discounts on events to exclusive access to members-only areas. With the help of a local chamber, you can take your business to new heights. So why not join up today?

Simple Ways to Avoid Vehicle Corrosion During the Winter Months in Idaho

Winter in Idaho can be a magical time of year, but it can also be hard on your vehicle. From the cold temperatures to the snow and ice, there are a lot of things that can cause corrosion on your car or truck. Fortunately, there are ways to prevent this damage. In this article, we will share tips for avoiding vehicle corrosion during the winter months in Idaho. From using protective coatings to rustproofing, these tips will help keep your car looking and running its best all winter long. Read on to learn more!

Keep Your Vehicle Clean

When it comes to preventing vehicle corrosion during the winter months, one of the best things you can do is keep your vehicle clean. This means washing it regularly and waxing it to create a barrier against the elements.

If you live in an area where salt or ice melt is used on the roads, be sure to wash your vehicle as soon as possible after driving in order to remove any salt that could potentially cause corrosion. In addition, be sure to inspect your vehicle for any signs of rust or corrosion on a regular basis so that you can address any problems early on.

We understand that it can be extremely difficult to wash your vehicle during the wintertime. We recommend using high-quality car wash such as Nitro Car Wash in Rexburg. We like to go to Nitro because of the underbody wash, their pre-wash prior to entering the tunnel, and the amount of foamy soap that helps dissolve all of the salt and ice melt from the roads. We would recommend signing up for one of their unlimited plans to ensure a clean vehicle all year long. If you want to check out Nitro Car Wash, check out their website here: Nitro Car Wash Rexburg.

You can also see what it's like to go through the Nitro Car Wash by watching our video below:

Inspect Your Vehicle Regularly

It’s important to inspect your vehicle regularly during the winter months in Idaho. Look for any signs of corrosion, such as rust or pitting, on the body of your car. If you see any corrosion, clean it off immediately and apply a rust-inhibitive coating.

You should also check the underbody of your vehicle for any signs of corrosion. Pay particular attention to areas where there is metal-to-metal contact, such as suspension components and brake lines. If you see any corrosion, have the affected parts replaced as soon as possible.

Finally, make sure to keep an eye on your vehicle’s battery. Corrosion can cause batteries to fail, so it’s important to clean off any terminals and connections that are covered in rust. If your battery is more than three years old, consider replacing it before the winter season.

Use a Rust Inhibitor

If you live in an area with a lot of winter weather, it's important to take steps to avoid vehicle corrosion. One way to do this is to use a rust inhibitor. Rust inhibitors help to prevent rust and corrosion by creating a barrier between the metal and the elements. There are many different types of rust inhibitors available on the market, so be sure to choose one that is compatible with your vehicle's metal.

Store Your Vehicle in a Garage or Carport

One of the best ways to prevent corrosion or rust on your vehicle during the Idaho winters is to store your vehicle in a garage or carport. This will protect it from the elements and help keep it clean.

If you don't have a garage or carport, you can still take steps to avoid corrosion. Be sure to wash your vehicle regularly, especially if it's exposed to salt or other chemicals that can cause corrosion.

Conclusion

Vehicle corrosion can be a major headache during the winter months in Idaho. Thankfully, there are several methods you can use to protect your car from rust and other forms of damage. By making sure that you always keep it clean, waxed, and covered when possible; by using protective sprays or coatings; and by checking regularly for any signs of wear and tear, you can keep your vehicle looking its best all year round. With these simple tips in mind, you’ll have peace of mind knowing that your car is safe from the elements this winter!