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Current Selection: All Prices All Types All Locations New Selection Sorted By: Default New Sort
<Back to Page 1 Previous Next Property 2 of 7 Selections
    New Listing - CompletlyRenovated $118,000 
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Address:   207 Orchard Rd    City/ST:   Clarksville, TN   Zip Code:   37042  
Location:   Clarksville   Property Type:   Single Family Home   New or Resale:   Resale   
Square Footage:   1500   Bedrooms:   3   Bathrooms:   1 full, 1 half  
MLS#   1152695   Property Tax:   1010  

DON'T MISS THIS GREAT HOME THAT HAS BEEN COMPLETLY UPGRADED*NEW ARCHITECTURAL SHINGLE ROOF*NEW DBL HUNG TILT IN WINDOWS*NEW WATER SAVER TOILET*NEW UPGRADED VINYL IN KITCHEN*CABINETS, COUNTERTOPS ONLY 3 YRS OLD*HVAC UNIT 4 YRS OLD*NEW CHAIN LINK FENCE*3 CAR COVERED CARPORT*DBL CONCRETE DRIVEWAY*ALL BRICK RANCH*CLOSE TO FT CAMPBELL AND SHOPPING*ESTABLISHED NEIGHBORHOOD*WALING DISTANCE TO SCHOOLS

Last Updated: 2/8/2010 6:44:55 PM

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EFFECTIVE AGE OF THIS HOME WITH ALL THE UPGRADES IS 15 YEARS OLD*THIS HOME QUALIFIES FOR THE FIRST TIME HOME BUYER TAX CREDIT OF $8000.00 BUT YOU BETTER HURRY IT END APRIL 30, 2010
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Real Estate Tips
Tax Considerations >New 1031 Exchange Rules

One of the most popular "tax deferring" strategies for real estate owners who are selling one property and acquiring another is the use of Section 1031 of the Internal Revenue Code. It is an effective way to defer paying income tax on capital gain generated by the sale of a property when you intend to reinvest the proceeds in a similar, "like-kind" property. Almost any kind of real property is considered "like-kind" with any other real property.

A recently enacted law closes what was considered a loophole in the Section 1031 rules. In some cases, owners of investment real estate have used the 1031 Exchange to swap their investment property for real estate that could be readily converted to an owner-occupied residential property. After the exchange, they made the property into their principal residence, lived in it for a couple of years, then sold it. Now the American Job Creation Act of 2004 has ruled that properties converted from a 1031 exchange property into a residence must be held and used as a principal residence for at least five years to qualify for the tax exemption. Otherwise, the basic tax-deferring benefits of 1031 exchanges remain the same.

Consult your tax advisor for more detailed information.

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Real Estate Trivia
Q 
What is a "jumbo mortgage"?

A 
The term "jumbo mortgage" currently refers to a mortgage loan in excess of $359,650, although the threshold amount may change as the market fluctuates.
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Mary McCooley, REALTOR®, real estate agent and broker for Clarksville, Sango and Fort Campbell, Tennessee home listings, property and land for sale - NUMBER1EXPERT

Mary McCooley
Prudential Professionals Realty

101 Ringgold Rd.
Clarksville, TN 37042
931-206-0074
Company Phone #: 931-647-8342
Fax: 931-647-9999
KY License No : 65518
TN License No : 00268743
marymccooley@NUMBER1EXPERT.com



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