Sunday, December 5, 2010
Open House Today
OPEN HOUSE 1-4 pm 12/5 Colonialtown downtown 1-4 pm 3/2 pool corner lot home with over 1900 sq ft split plan. Hugh opportunity. REO bank owned. $179,900
Friday, December 3, 2010
DOWNTOWN ORLANDO NEIGHBORHOODS
UPTOWN NORTH ORANGE
Uptown North Orange is a unique and identifiable community that mixes medium to high intensity office and employment uses with residential uses to create a self-sustaining neighborhood...
EOLA HEIGHTS
Eola Heights is a historic neighborhood located within the heart of Downtown Orlando. Shady, tree-lined streets cover this residential area just blocks from Lake Eola Park and the hub of Downtown...
THORNTON PARK
If you're looking to unwind you can find real relief in the brick-lined streets of Thornton Park, the City's most stylish district. Just east of Lake Eola in Downtown's green heart, the residential neighborhood is home to street after street of oak-shaded bungalows...
SOUTH EOLA DISTRICT
Whether you're looking for a unique shopping, dining or entertainment experience - or a little of all three - The South Eola District has it all. With Lake Eola Park at its center the South Eola District is home to numerous events...
LAKE CHEROKEE HISTORIC DISTRICT
Designated in 1981, Lake Cherokee Historic District contains approximately 160 historic structures, primarily residences dating back to 1870’s. General boundaries are East-West Expressway on the north, Orange Avenue on the west, Cherokee Drive and Gore Street on the south and Summerlin Avenue on the east. This area is primarily residential...
HOLDEN / PARRAMORE
The Parramore Heritage Community is a diverse area of residential neighborhoods, businesses and industry west of the Downtown Orlando core. Parramore is the historic home of Orlando’s African-American community, and it is on the cusp of a new surge of growth as a diverse and vibrant Downtown area...
CENTRAL BUSINESS DISTRICT
The business core of Downtown Orlando, the Central Business District consists of theaters, galleries, museums and parks connected by public transit and accentuated by art and cultural elements that attract people of all ages. The Central Business District's thriving retail and office market serve to foster daytime commerce, while entertainment and sporting events are ongoing and evenings are filled with dining and culture that help to illuminate the nighttime atmosphere.
UPTOWN NORTH ORANGE
Uptown North Orange is a unique and identifiable community that mixes medium to high intensity office and employment uses with residential uses to create a self-sustaining neighborhood...
EOLA HEIGHTS
Eola Heights is a historic neighborhood located within the heart of Downtown Orlando. Shady, tree-lined streets cover this residential area just blocks from Lake Eola Park and the hub of Downtown...
THORNTON PARK
If you're looking to unwind you can find real relief in the brick-lined streets of Thornton Park, the City's most stylish district. Just east of Lake Eola in Downtown's green heart, the residential neighborhood is home to street after street of oak-shaded bungalows...
SOUTH EOLA DISTRICT
Whether you're looking for a unique shopping, dining or entertainment experience - or a little of all three - The South Eola District has it all. With Lake Eola Park at its center the South Eola District is home to numerous events...
LAKE CHEROKEE HISTORIC DISTRICT
Designated in 1981, Lake Cherokee Historic District contains approximately 160 historic structures, primarily residences dating back to 1870’s. General boundaries are East-West Expressway on the north, Orange Avenue on the west, Cherokee Drive and Gore Street on the south and Summerlin Avenue on the east. This area is primarily residential...
HOLDEN / PARRAMORE
The Parramore Heritage Community is a diverse area of residential neighborhoods, businesses and industry west of the Downtown Orlando core. Parramore is the historic home of Orlando’s African-American community, and it is on the cusp of a new surge of growth as a diverse and vibrant Downtown area...
CENTRAL BUSINESS DISTRICT
The business core of Downtown Orlando, the Central Business District consists of theaters, galleries, museums and parks connected by public transit and accentuated by art and cultural elements that attract people of all ages. The Central Business District's thriving retail and office market serve to foster daytime commerce, while entertainment and sporting events are ongoing and evenings are filled with dining and culture that help to illuminate the nighttime atmosphere.
Thursday, December 2, 2010
Tax Benefits of Homeownership
The tax deductions you’re eligible to take for mortgage interest and property taxes greatly increase the financial benefits of homeownership. Here’s how it works.
Assume:
$9,877 = Mortgage interest paid (a loan of $150,000 for 30 years, at 7 percent, using year-five interest)
$2,700 = Property taxes (at 1.5 percent on $180,000 assessed value)
______
$12,577 = Total deduction
Then, multiply your total deduction by your tax rate.
For example, at a 28 percent tax rate: 12,577 x 0.28 = $3,521.56
$3,521.56 = Amount you have lowered your federal income tax (at 28 percent
The tax deductions you’re eligible to take for mortgage interest and property taxes greatly increase the financial benefits of homeownership. Here’s how it works.
Assume:
$9,877 = Mortgage interest paid (a loan of $150,000 for 30 years, at 7 percent, using year-five interest)
$2,700 = Property taxes (at 1.5 percent on $180,000 assessed value)
______
$12,577 = Total deduction
Then, multiply your total deduction by your tax rate.
For example, at a 28 percent tax rate: 12,577 x 0.28 = $3,521.56
$3,521.56 = Amount you have lowered your federal income tax (at 28 percent
7 Reasons to Own Your Home
With all the uncertainty of the market going on, many home buyers are on the fence wondering "what are the benefits to buying a home?" In the following breakdown curtosy of Realtor.org, it'll outline just a few of the many benefits there are to owning rather than renting.
1. Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home.
2. Appreciation. Real estate has long-term, stable growth in value. While year-to-year fluctuations are normal, median existing-home sale prices have increased on average 6.5 percent each year from 1972 through 2005, and increased 88.5 percent over the last 10 years, according to the NATIONAL ASSOCIATION OF REALTORS®. In addition, the number of U.S. households is expected to rise 15 percent over the next decade, creating continued high demand for housing.
3. Equity. Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.
4. Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.
5. Predictability. Unlike rent, your fixed-mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will increase.
6. Freedom. The home is yours. You can decorate any way you want and benefit from your investment for as long as you own the home.
7. Stability. Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity.
2. Appreciation. Real estate has long-term, stable growth in value. While year-to-year fluctuations are normal, median existing-home sale prices have increased on average 6.5 percent each year from 1972 through 2005, and increased 88.5 percent over the last 10 years, according to the NATIONAL ASSOCIATION OF REALTORS®. In addition, the number of U.S. households is expected to rise 15 percent over the next decade, creating continued high demand for housing.
3. Equity. Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.
4. Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.
5. Predictability. Unlike rent, your fixed-mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will increase.
6. Freedom. The home is yours. You can decorate any way you want and benefit from your investment for as long as you own the home.
7. Stability. Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity.
Wednesday, December 1, 2010
Orlando Jam
Only $5 gets you into Wall Street Plaza or the Social for 10 local bands and 2 national headliners!
Wall Street Plaza Main Stage Line Up includes: American Bang, The Whitey Tighties, Jonnie Morgan Band, James Boyd Band and Heroine.
For more information, please visit www.wallstplaza.net.
Wall Street Plaza Main Stage Line Up includes: American Bang, The Whitey Tighties, Jonnie Morgan Band, James Boyd Band and Heroine.
For more information, please visit www.wallstplaza.net.
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