Price Reduction on 318 Waynebrook Dr, Reserve at Waynebrook, Chester Springs, PA 19425

Better than new! Tons of upgrades, 4 Bedrooms, 3 Baths, Finished basement, 4,125 Sq Ft

View More Photos & All the Details for 318 Waynebrook Dr., Chester Springs, PA 19425

No detail or feature was overlooked in this meticulously maintained, magnificently appointed home in the Reserve at Waynebrook. This 4 Bdrm, 3 ~ Bath Home is located on a premium wooded lot facing passive open space. This home offers a floorplan with plenty of natural light & a great flow- just perfect for entertaining. Enter into center Foyer flanked by Liv Rm & Din Rm with H/W flrs. Exquisite Kitchen features custom cabinetry, stainless steel appliances incl. a 5 burner gas cook top; granite counters; Italian tumbled marble & handpainted tile backsplash. Kitchen opens to Brkfst nook & a 21~ x 15~ family room w/gas fireplace. On the 2nd level you will find a Master Bdrm with tray ceiling; walk in closet & a grand master bath w/ soaking tub & stall shower. 3 large sized bedrooms complete the 2nd floor. Don~t miss the full finished lower level with 11.5 ft ceilings, wet bar, custom cabinetry, home office, garden wndws & outside access. See agent for list of upgrades too numerous to list in these remarks.

$10,000 Price reduction on 112 Whistling Swan, Marsh Harbour, Downingtown, PA 19335

Price just reduced by $10,000 on 112 Whisting Swan in Marsh Harbour, Downingtown, PA 19335

View More Photos & all the details for 112 Whistling Swan, Marsh Harbour, Downingtown PA 19335

Enjoy the good life in this beautiful end unit townhome in wonderful Marsh Harbour community. Foyer enters into a large & bright Living Rm w/slate corner fireplace. Dining Rm is open to Living Rm. Eat in Kitchen has Island w/plenty of space for cooking & entertaining. Nice sized Breakfast Room is open to Kitchen area w/sliders to a large deck. Upstairs you will find a Master Bedroom with double walk-in closets and its own tile & marble Master Bath; two additional bedrooms; updated Hall Bath with tile flooring and a very desirable upper level laundry room! The lower level is expansive and features new laminate wood floors, wainscotting, chair rail, window & outside exit. Combine this w/some newer appliances that are included in the sale & you have a home that's ready to move in! You have the added bonus of living close to Marsh Creek State Park with a 535 acre lake and plenty of outdoor recreational activities including: boating, kayaking, swimming, horseback riding, fishing & so much more!

See more photos & all the details

First Time Home Buyer Tax Credit - Are there other conditions I should know about?

This post is a part of a series of posts that gives the details on the Federal Governments tax credit incentive to First Time Home Buyers. The six parts answer the following questions:

• Am I Eligible?
• How does it work?
• How big is the tax credit, as a single person?
• How big is the tax credit, as a married couple?
• What about repayment?
• Are there other conditions I should know about?

If your questions are not answered by these posts, feel free to contact me directly!

Question 6: Are There Other Conditions I Should Know About?

• You cannot claim both the (Washington) Dc and the national First-time Homebuyer tax credit.


• Purchases by non-resident aliens are not eligible.


• 2009 purchases financed by proceeds from a qualified mortgage issue are now eligible.


• Any single family residence located in the United States that will be used as a principal residence is eligible.
  Generally, this is the place where an individual spends most of his/her time. This includes single-family detached housing, condos or coops, townhouses or any similar type of new or existing dwelling.


• The credit will not result in an individual owing additional federal taxes under the alternative Minimum tax.


• Home purchases between relatives and other gifts of residences are not eligible for the credit.


• Other tax benefits of homeownership are still in place. The mortgage interest deduction, capital gains tax exclusion, and property tax deduction are some well-known examples.

First Time Home Buyer Tax Credit - What about Repayment?

This post is a part of a series of posts that gives the details on the Federal Governments tax credit incentive to First Time Home Buyers. The six parts answer the following questions:

• Am I Eligible?
• How does it work?
• How big is the tax credit, as a single person?
• How big is the tax credit, as a married couple?
• What about repayment?
• Are there other conditions I should know about?

If your questions are not answered by these posts, feel free to contact me directly!

Question 5: What About Repayment?

The American Recovery and Reinvestment act of 2009 made a big change to the credit by removing the repayment provision for credits on homes purchased in 2009. Previously, the tax credit had a payback provision that made it similar to an interest free loan that would have been paid back in full over 15 years (repayment) or at the time of resale (recapture) unless the home was sold at a loss. While the repayment provision is completely gone from the updated credit, a more mild recapture provision remains. If you sell your home within 3 years of purchase, the entire amount of the credit is recaptured, that is, the government takes it back.

For more details, go to http://www.federalhousingtaxcredit.com/

First Time Home Buyer Tax Credit - How Big is the Tax Credit as a Married Couple?

This post is a part of a series of posts that gives the details on the Federal Governments tax credit incentive to First Time Home Buyers. The six parts answer the following questions:

• Am I Eligible?
• How does it work?
• How big is the tax credit, as a single person?
• How big is the tax credit, as a married couple?
• What about repayment?
• Are there other conditions I should know about?

If your questions are not answered by these posts, feel free to contact me directly!

Question 4: How Big is the Tax Credit as a Married Couple?

The tax credit is equal to 10% of the purchase price of your home up to $8,000. The credit passed in 2008 was limited to $7,500 and that limit still applies to homes purchased in 2008. For married couples filing jointly, the credit begins to phase out at an adjusted gross income of $150,000. the dollar amounts in the chart below correspond to a phase out of the full tax credit (percentages are for credits less than $8,000).




NEXT: What about repayment?

First Time Home Buyer Tax Credit - How Big is the Tax Credit as a Single Person?

This post is a part of a series of posts that gives the details on the Federal Governments tax credit incentive to First Time Home Buyers. The six parts answer the following questions:

• Am I Eligible?
• How does it work?
• How big is the tax credit, as a single person?
• How big is the tax credit, as a married couple?
• What about repayment?
• Are there other conditions I should know about?

If your questions are not answered by these posts, feel free to contact me directly!

Question 3: How Big is the Tax Credit as a Single Person?

The tax credit is equal to 10% of the purchase price of your home up to $8,000.
The credit passed in 2008 was limited to $7,500 and that limit still applies to homes purchased in 2008. The full credit is available for single individuals whose adjusted gross income is less than $75,000. If your adjusted gross income is greater than $75,000 and your home purchase qualifies you for the full credit, the credit phases out according to the dollar amount (or percentage if less than $8,000) in the chart below.



NEXT: How Big is the Tax Credit for Married Couples?

First Time Home Buyer Tax Credit: How does it work?

This post is a part of a series of posts that gives the details on the Federal Governments tax credit incentive to First Time Home Buyers. The six parts answer the following questions:

• Am I Eligible?


• How does it work?


• How big is the tax credit, as a single person?


• How big is the tax credit, as a married couple?


• What about repayment?


• Are there other conditions I should know about?

If your questions are not answered by these posts, feel free to contact me directly!

Question 2: How Does It Work?

Like all tax credits, it will DIRECTLY REDUCE THE TOTAL AMOUNT OF TAXES YOU OWE. When you file your taxes, for the year you purchased your home (2008 or 2009), you will be able to subtractthe amount of the credit from your Federal income tax liability, increasing the size of your refund orreducing the amount you owe.

For example, you file your ‘normal’ tax return and find that you owe $2,000 in taxes. With this credit, your tax liability could be lowered by $8,000—which means, youinstead get a $6,000 tax ReFUND check from IRS.

NEXT: How big is the tax credit, as a single person?