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

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Feature Home - 544 Tabor St.

$49,000 Great New Price!

Photo of 544 Tabor St., Adrian, MI, 49221.

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Address: 544 Tabor St.	City/ST: Adrian, MI	Zip Code: 49221
Location: Adrian	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 1329	Bedrooms: 3	Bathrooms: 2
MLS# 3425778

Better than move in, it's all new! Get the key at the closing table and move in that day! FHA ready buyers, this is a steal of a deal! No repairs will be needed and all appliances are here except washer and dryer. New Electric stove, microwave, dishwasher and refrigerator, furnace and a/c. What are you waiting for?

Last Updated: 2/16/2010 11:28:45 AM

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Tax Considerations >Taxpayer Relief

Legislation included in the 1997 federal budget made significant changes that improve a homeowner's ability to profit from the sale of real estate. The capital gains tax exclusions on the sale of a principal residence is just one of several benefits for homeowners. When you sell a home you have owned and use for two of the five years prior to the sale, married couples are allowed to keep up to $500,000 in tax-free profits and taxpayers filing as singles can keep up to $250,000 before paying capital gains tax.

Long-term capital gain is also taxed at lower rates as a result of the Jobs and Growth Tax Relief Reconciliation Act passed in 2003. The maximum capital gains tax rates dropped from 20% to 15% and from 10% to 5%, effective for sales and exchanges taking place on or after May 6, 2003 and through December 31, 2007. In 2008 the 15% rate continues for higher income taxpayers, while the 5% rate for lower income taxpayers drops to 0%, but only for the 2008 tax year. On January 1, 2009, the 10% and 20% rates will be reinstated.

Consult your tax advisor for advice regarding your particular circumstance.

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Q	Which metropolitan area in America currently offers the most affordable market in which to buy new homes?
A	The housing market in Youngstown, Warren and Boardman, Ohio is currently the most affordable metro area in the U.S.
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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

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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