Listing Details: Bedford, Blissfield and Irish Hills, Michigan Real Estate Listings & Homes For Sale Provided by Jeanee Gilson

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Current Selection:	All Prices	All Types	All Locations	New Selection	Sorted By: Default	New Sort
<Back to Page			Property 24 of 29 Selections

Feature Home - 411 South St.

$154,900

Front View

Address: 411 South St.	City/ST: Blissfield, MI	Zip Code: 49228
Location: Blissfield	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 1326	Bedrooms: 3	Bathrooms: 2
MLS# 3425601

Very nice Kit/dining combo. Open floor plan to LR, Newer sunroom and larger L-shaped deck w/built in seating 14X29X9X9 in size. Garage is pole barn style12X16 2 story barn. Wilsonart laminate floor in Kit/dining area. 10X12 utility shed.

Last Updated: 6/9/2009 12:03:13 PM

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Tax Considerations >Beneficial Tax Laws

American tax law offers a significant capital gains tax exemption that allows taxpaying homeowners to unlock home equity and end the spiraling cycle of "investing up." First-time buyers enjoy expanded rules for Individual Retirement Accounts (IRA) and 401(k) plans, rules that allow penalty-free withdrawals to purchase a home.

Every two years, married sellers of principal residences who file joint federal income tax returns are allowed a $500,000 exclusion ($250,000 for singles) from capital gains tax. For sales that took place after May 6, 2003, the maximum capital gains tax rates for profits above the exclusion dropped from 20% to 15% for higher income taxpayers, and from 10% to 5% for lower income taxpayers.

Homeowners can now consider several new options. People who find themselves at an empty-nester stage (no children at home) in a four or five bedroom home with a large equity have been able to unlock their equity dollars, using the income to help their children buy a first home, take a luxury cruise, remodel the house or purchase a second home for vacation or retirement.

Consult your tax advisor for advice regarding your particular circumstance.

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Q	Which estate has two pools--one on the east side for the morning sun and one on the west for afternoon enjoyment?
A	The former estate of John Lennon in Palm Beach has two pools plus guest quarters.
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Jeanee Gilson, REALTOR�, real estate agent and broker for Bedford, Blissfield and Irish Hills, Michigan home listings, property and land for sale - NUMBER1EXPERT

Jeanee Gilson
Key Real Estate
146 Drew Avenue
Deerfield, MI 49238
517-447-3094
Fax: 517-447-3548
jeaneegilson@NUMBER1EXPERT.com
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