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<Back to Page			Property 14 of 49 Selections

New Listing - Charming Coupeville Home

$185,000

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Address: 1954 Banjo Drive	City/ST: Coupeville, WA	Zip Code: 98239
Location: Banjo Drive	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 1312	Bedrooms: 2	Bathrooms: 2
MLS# 29158577	Property Tax: 1629

This is a charming home with all the amenities a smaller subdivision has to offer. Pool, clubhouse, and beach access. With a large master and private bath, great laundry room, and lots of storage and cabinet space. Also a den for the home office or 3rd bedroom. Covered front porch for those lazy summer afternoons. PLUS a 2yr home warranty to ease those first time homebuyer jitters.

Last Updated: 1/21/2010 12:29:33 PM

Listing Agent and Office: Patty Folkestad, RE/MAX Acorn Properties

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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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Terri Neilon, REALTOR�, real estate agent and broker for Oak Harbor, Coupeville and Anacortes, Washington home listings, property and land for sale - NUMBER1EXPERT

Terri Neilon
RE/MAX Acorn Properties
32800 SR 20, Suite 2
Oak Harbor
WA, 98277
Office: 360-679-4855
Fax: 360-679-3223
Email: TerriNeilon@number1expert.com

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