Listing Details: Littleton, Highlands Ranch and Ken Caryl Ranch/Valley, Colorado Real Estate Listings & Homes For Sale Provided by Jan Phillips

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Feature Property - CASTLE ROCK RANCH HOME

$535,000

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Address: 435 CINNABAR DR.	City/ST: CASTLE ROCK, CO	Zip Code: 80108
Location: 435 CINNABAAR DR.	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 5541	Bedrooms: 4	Bathrooms: 5
MLS# 808016	Property Tax: 8250.00

SPECIAL FEATURES OF THIS HOME: 5571 FINISHED SQ. FT.*QUALITY CONSTRUCTION THROUGHOUT:STONE, STUCCO AND TILE ROOF*BRIGHT OPEN FLOOR PLAN*MAIN FLOOR STUDY*INCREDIBLE MASTER SUITE W/ 5 PIECE BATH*STAINLESS STEEL APPLIANCES* 4 FIREPLACES* WOOD BLINDS*GRANITE COUNTERTOPS* HARDWOOD FLOORS*FINISHED LOWER LEVEL* 4 CAR GARAGE......AMAZING VALUE

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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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Q	What are three of the best indicators of real estate market trends?
A	Existing home sales, new home building and mortgage interest rates.
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Jan Phillips, REALTOR�, real estate agent and broker for Littleton, Highlands Ranch and Ken Caryl Ranch/Valley, Colorado home listings, property and land for sale

Jan Phillips
Metro Brokers Dakota Ridge
13982 West Bowles Ave, Suite 200
Littleton, CO 80127
cell direct: 720-273-6126
Fax: 303-973-6400
business: JanPhillips@BestImageAgent.com
alternative e-mail: jansphillips@msn.com
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