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New Listing - Great Midtown Location

$199,900

Photo of 3264 Montpelier Crt, Anchorage, AK, 99503.

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Address: 3264 Montpelier Crt	City/ST: Anchorage, AK	Zip Code: 99503
Location: Anchorage	Property Type: Condo	New or Resale: Resale
Square Footage: 1446	Bedrooms: 3	Bathrooms: 2 full, 1 half
MLS# 10-822	Property Tax: 2650

Beautiful grounds surround this spacious midtown townhouse. Fifteen acres of land to be exact including a walking trail for your enjoyment. Very nice remodel including new flooring, paint and more. Energy efficient gas burning fireplace and on demand H2O heater/Gas furnace. Garage has built in shelving for more storage and an automatic opener.Lilac tree and perennials in your own private court

Last Updated: 1/27/2010 3:47:12 PM

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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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Q	What acclaimed house built of stone, concrete, and glass is built over a waterfall?
A	Fallingwater in Mill Run, PA, built by architect Frank Lloyd Wright, is one of the most-visited homes in the U.S.
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Ranna & Associates, REALTOR�, real estate agent and broker for Anchorage, Eagle River and Wasilla, Alaska home listings, property and land for sale - NUMBER1EXPERT

Ranna Fekrat
Keller Williams Realty Alaska Group
101 Benson Suite 503
Anchorage, AK 99503
907-441-5815
Fax: 907-865-6565
rannafekrat@NUMBER1EXPERT.com

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