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Beautiful quality built custom home features 4-5
bedrooms, 4 baths, 4229 square feet, large game
room, office, loft, gourmet kitchen, gorgeous custom
cabinetry, travertine floors, outdoor paradise includes:
built-in pool with waterfalls, large sports court, outdoor
kitchen, large lot backs to a greenbelt. Near golf
course & clubhouse. This one has it all!!!!
$1,389,000.
Visit me at 2348 Clubhouse Drive Open 1-4PM Sun April 6 I'll give you a map of all the custom homes open in Whitney Oaks |
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Well manicured neighborhood with a fabulous
clubhouse in gated Heritage oaks. The 2634 sq
ft home is situated on a corner lot allowing natural
sunlight throughout the entire home. Single story,
open floor plan with high ceilings throughout. Large
master bedroom and den complete with built-ins.
Spacious formal living & dining room creates a
beautiful entry to home. Relaxing backyard fully
landscaped with numerous
rose bushes, gardens and paths throughout. True
escape! $499,000. 1163 SINCLAIR OPEN 1-
4PM
SAT APRIL 5
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"For those relying on closed sales figures from the
County Recorders Office, standing inventory for
homes
$750,000+ is ranging from 2 years in Sacramento and
up to 5 years in El Dorado County; dismal by anyone's
definition," said Michael Lyon, CEO of Lyon Real
Estate. "Yet pended sales have cut those inventories
in half, most likely a result of sellers dropping their
prices as much as 30%.
For homes below $200,000 it's a different story. We are seeing high inventory levels not seen since the mid 90's: 24% of homes pending sale in the Four County region are under $200,000. Prices have dropped to an average of $125 per square foot (psf), with some homes selling for under $100 psf. In this price range, you will find yourself competing with 5 or more bona-fide offers within days of the home coming on the market. FHA loan limits are up to $580,000 with a 3% down payment - no maximum income levels and no credit scores required equates to a modern day gold rush of investors and first time home buyers. It has become evident that the bottom of the market for homes under $200,000 is near but for homes over $750,000, it's still far off. Exceptions still remain homes close to the major job centers." COUNTY HIGHS AND LOWS Sacramento County sales increased by 7% from January to February 2008. Inventory decreased 1% during the month of February. Pending sales increased by 37% in the month of February. 30% of the homes sold for under $200,000; 56% of the homes sold for between $200,000 and $400,000; and 14% of the homes sold for over $400,000. The average price per square foot increased by 1% during the month of February to $162. Placer County sales increased by 19% and inventory remained the same from January to February 2008. Pending sales increased by 19% from January to February. 2% of the homes sold for under $200,000; 65% of the homes sold for between $200,000 and $400,000; and 33% of the homes sold for over $400,000. The average price per square foot decreased by 7% during the month of February to $173. El Dorado County showed a 15% increase in sales from January to February, and a no changes in the inventory. Pending sales have increased 63% during the month of February. 12% of the homes sold for under $200,000; 40% of the homes sold for between $200,000 and $400,000; and 48% of the homes sold for over $400,000. The average price per square foot increased by 1% during the month of February to $204. From Michael Lyon, CEO Trendgraphix |
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Before you file your taxes, you may want to consider
several last-minute tips before sending your W-2s to
Uncle Sam by April 15.
IRA Contributions The maximum contribution for 2007 to your Individual Retirement Account (either Roth or traditional) is $4,000 (increasing to $5,000 for 2008). Individuals who have reached age 50 before Dec. 31, 2007, are allowed an additional "catch up" contribution of $1,000. It's not too late to make your 2007 IRA contribution: Taxpayers have until April 15, 2008, to make their 2007 contribution. In fact, a deduction may be taken on your 2007 tax return even though the contribution has not as yet been made. Capital Gains The 2007 alternative capital gains tax rate for individuals in the 10 percent or 15 percent tax bracket is 5 percent. Beginning in 2008, a 0 percent rate replaces the 5 percent rate. If you qualify for this rate, you might consider selling capital assets that have appreciated while this 0 percent rate is in effect. While this rate is presently in effect for next year as well, there is no guarantee that there will not be a tax change, so you might want to take advantage of this rate in 2008. Personal Energy Credits Individuals are entitled to a variety of personal energy credits for 2007. Among these are credits for the installation of certain energy saving devices installed in your principal residence prior to Jan. 1, 2008 (e.g. qualified exterior doors, windows, furnaces, and the like). You also may be entitled to an alternative motor vehicle credit on your 2007 tax return if you purchased an eligible vehicle last year (e.g. a qualified hybrid vehicle). Among other requirements you must meet, you must be the original user of the vehicle. You would claim this credit on form 8910. Foreign Tax Credit If you are the recipient of foreign source income (e.g. dividends from a Canadian corporation) from which foreign income taxes were withheld at the source, you may be entitled to a credit against your U.S. income for these taxes. There are limits to the amount of credit to which a taxpayer is entitled, but generally most, if not all, foreign taxes paid is eligible for the credit. Charitable Contributions Unfortunately for tax years beginning after Aug. 17, 2006 (generally meaning 2007), no deduction for any cash contribution will be allowed without some bank record or receipt. For example, weekly cash contributions to your local church would not be deductible without some form of substantiation. Excess FICA If an individual holds two jobs, each employer is required to withhold social security taxes. Since individuals are liable for the FICA portion of such taxes only up to a total wage base of $97,500 (for 2007), in many instances a person's actual FICA payments may exceed the maximum payments due. Don't forget that such excess FICA is a credit against taxes owed. Alternative Minimum Tax In recent years, inflation has overtaken the AMT exemption amount. Congress passed the Tax Increase Prevention Act of 2007 late in December, which, among other things, raises the AMT exemption amount. If you are subject to the AMT, be sure that the AMT form you are using (form 6251) is the current form, reflecting this new exemption amount. Extensions As in prior years, individuals are entitled to an automatic six-month extension to file their individual tax return (1040). Filing form 4868 by April 15, 2008, will extend the filing deadline to Oct. 15, 2008. It will not, however, extend the due date for the payment of taxes. The estimated amount of your taxes is due with the filing of form 4868. Failure pay all taxes by April 15, 2008, will result in the assessment of penalties and interest. By: John Colliander |
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FOR A FREE MARKET ANALYSIS OF YOUR HOME AND ESTIMATE OF VALUE CALL OR EMAIL ME! I WILL GET YOU THE INFO WITHIN 24 HOURS OF YOUR REQUEST. Please contact me with all of your real estate needs and questions. I am always available to you, your family and friends!
Sincerely,
Kia Kapci
Lyon Real Estate
email:
kkapci@golyon.com
phone:
916-782-0558
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