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Michele Safford

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Current Selection: All Prices All Types All Locations New Selection Sorted By: Default New Sort
<Back to Page Previous Next Property 78 of 111 Selections
    Sold - 46417 Killarney Circle, Canton Twp $159,000 
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Address:   46417 Killarney Circle    City/ST:   Canton Twp, MI   Zip Code:   48188  
Property Type:   Condo   New or Resale:   Resale    Square Footage:   1702  
Bedrooms:   2   Bathrooms:   2 full, 1 half   MLS#   29119614  

Looking for out of the ordinary! Spectacular condo with vaulted ceilings throughout, open and airy 2 story foyer with hardwood floor, formal living room and dining room, two-way gas fireplace, family room with doorwall to spacious deck, kitchen with eat-in nook, all appliances stay, first floor master suite with glamour bath with separate tub/shower, first floor laundry, neutral decor, move-in ready, one look and it's sold!

Last Updated: 11/11/2009 10:22:52 AM
Listing Agent and Office:  Michele Safford, Coldwell Banker Weir Manuel

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Real Estate Tips
Tax Considerations >Your Tax Free Profits

Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the "rollover" deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years of the sale of your principal residence.

With this change, a married couple filing their taxes jointly pays capital gains taxes only on that portion of home sales profits that exceeds $500,000. Single taxpayers, heads of households, and married persons filing separately may exclude up to $250,000. The exclusion is available for all sales of homes that occurred on or after May 6, 1997. Homeowners can use this tax-free provision every two years.

You are allowed to keep these tax-free profits only if you have owned and used the home as your principal residence for two out of the five years prior to the sale of the property. Although the regulations do not require continuous occupancy, the IRS specifies that your principal residence must be the home you use for the majority of time during the year. Consult your tax advisor about your personal circumstance.

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Real Estate Trivia
Q 
What is a Balloon Mortgage?

A 
A balloon is a short-term mortgage which requires the entire balance of the loan to be re-paid at the end of the loan term.
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Michele Safford, REALTOR®, real estate agent and broker for Northville, Novi, Canton and Metro Detroit, Michigan home listings, property and land for sale - NUMBER1EXPERT

Michele Safford
Coldwell Banker Weir Manuel

41860 Six Mile Rd
Northville, MI 48168
248-675-1245
sold@michelesafford.com

Michele is a licensed Realtor with seventeen years of experience in real estate. Her primary areas of expertise are working with sellers and buyers and both family and corporate relocation. She is familiar with Metro Detroit and the Southeastern Michigan counties of Wayne, Oakland, Livingston and Washtenaw. In addition to her real estate license, Michele received her Bachelors degree from Michigan State University and her Masters degree from Oakland University, both in the field of education. She has taught all areas of special education, mentally, emotionally and learning disabled children. She has worked as a Vocational School Presenter. She resides in Northville and has four grown children.

For the last three years Michele Safford has remained the #1 Agent in the Coldwell Banker Schweitzer Northville office. She consistently stays on top of the market trends and has been working with a business coach for several years. With the constantly changing market sellers and buyers need to hire the best real estate expert in the industry. Call 248.675.1245 or email sold@michelesafford.com to meet all your real estate needs.

CDPE CNHS CRB CRS ERC GRI MLS REALTOR


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