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Current Selection: All Prices All Types All Locations New Selection Sorted By: Default New Sort
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    New Listing - HUD home on Meldrum $45,000  Over 11 acres
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Address:   3324 Meldrum Road    City/ST:   Caso, MI   Zip Code:   48064  
Location:   Casco Township   Property Type:   Single Family Home   New or Resale:   Resale   
Square Footage:   2084   Bedrooms:   3   Bathrooms:   1  
MLS#   30729015  

HUD home. Sold 'AS IS' by Elec Bid only. For Prop. conditions, Forms, Discl, Avail & Owner Occupant Incentives see Website in Agent Remarks*. FHA Case #261-854427. Insured w Escrow repairs $770. Bids due by 12-01-09 11:59 PM or daily until sold. MCB makes no warranty as to current or future existence of mold in this property and is not liable for the potentially harmful effects thereof. Property is connected to a well and septic system. Subject lot is 11.4 acres.

Last Updated: 12/7/2009 7:37:55 AM

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Real Estate Tips
Tax Considerations >Tax Breaks

      Most homeowners are keenly aware of the interest tax deduction on their home loan, but there are many other tax breaks which are often overlooked at income tax time. Pro-rated property taxes and mortgage interest in the year of sale are deductible. You will find these amounts listed on your closing settlement statement. If you paid off your mortgage and had to pay a pre-payment penalty, it qualifies as tax deductible interest. If you paid an "acquisition mortgage loan fee" on a home loan, this fee can be deducted as itemized interest. Home improvement loan fees are also deductible. Any remaining loan fees from re-financed or paid-off mortgages are fully deductible at the time of the mortgage payoff.
      Certain items don't qualify as deductions, but can be added to the cost basis of your home, such as transfer taxes, recording and title fees, and special local property tax assessments for new sidewalks, streets, or sewers.
      Don't be intimidated by the tax code! A little research or consultation with an expert can help you maximize your real estate tax advantages.
     

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Real Estate Trivia
Q 
Where in the United States will you find the largest concentration of million-dollar homes?

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There are almost 314,000 million-dollar homes in the United States, and 41% of these are located in California.
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Holly Peters, REALTOR®, real estate agent and broker for Harrison Township, St. Clair and Macomb, Michigan home listings, property and land for sale - NUMBER1EXPERT

Holly Peters
Keller Williams Macomb St. Clair Market

31525 23 Mile Rd.
Chesterfield, MI 48047
Holly's Cell : 810-300-4015
Office: 586-949-0200
Fax: 586-949-0211
hollypeters@NUMBER1EXPERT.com

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