Thursday, January 14, 2010

Are you getting the Home Buyer Tax Credit You Deserve?

The Home Buyer Tax Credit has been Extended and Expanded.
j0439600

Now Both First-Time Home Buyers and Move-Up/Repeat Home Buyers who qualify can take advantage of the New Tax Credit.

Along with today’s historically low mortgage rates, it creates a Unique Opportunity for Buyers



Key Details:

  • The $8,000 tax credit for first-time buyers has been extended through April 30, 2010.
  • Current homeowners are eligible for a $6,500 tax credit, provided you have lived in the home you are selling as a principal residence for five consecutive years within the last eight years.
  • Income limits for eligible buyers were increased from $75,000 to $125,000 for single buyers and from $150,000 to $225,000 for married couples.
  • Time has been added to allow for closing the home purchase. As long as you have a binding sales contract by April 30, you will then have until June 30, 2010, to close the purchase transaction.
  • To qualify, the home must be your primary residence and have a purchase price of $800,000 or less.
How it works:
  • The amount of your credit will be first credited toward any tax liability for the year of purchase. Then the remainder will be refunded to you. (For example a first-time buyer with a $2,000 tax liability would receive a check for $6,000).
  • Any single-family residence purchased to be used as a principal residence (including condos, co-ops) will qualify if it is purchased by April 30, 2010 for $800,000 or less and closed by June 30, 2010.
  • The full amount of the credit is available for individuals with adjusted gross income of no more than $125,000 or $225,000 on a joint return. Above those incomes, the amount of the tax credit decreases until the maximum limit is reached – $145,000 for an individual or $245,000 in joint income.
For More Details visit Extended and Expanded Home Buyer Tax Credit.

Smitha Ramchandani is a licensed real estate Broker-Salesperson in Morristown West, New Jersey. She is a Buyer Specialist and a Home Marketing Expert.. You can reach Smitha and her team online at: http://www.Morris-Homes.com or http://www.ChathamMoves.com or http://www.EastHanoverMoves.com or http://www.FlorhamParkMoves.com or http://www.MontvilleMoves.com


Monday, January 4, 2010

December 2009 Condo and Townhome Sales Report- Morris County New Jersey Real Estate Recent Townhome/Condo Sales

December 2009 Condominium and Townhouse Sales Report - Morristown, Madison, Chatham, Denville, Randolph, Parsippany, Rockaway, Hanover, East Hanover, Montville, Morris Plains, Morris Township, Florham Park, Roxbury, Butler, Lincoln Park, Morris Twp., Mount Arlington, Mount Olive, Riverdale, Whippany, Washington Twp., New Jersey Real Estate

Town
Address
List Price
Style
Beds
Baths
Garages
Sold Price
Butler Boro
47 HAMBURG TPKE   $249,000 Multi Floor Unit 1 2 0 $244,000
Butler Boro 476 Cambridge Drive  $256,000 First Floor Unit, Townhouse-End Unit 2 2 0 $240,000
Butler Boro
207 TERRACE LAKE DR   $374,900 Multi Floor Unit 2 2.1 1 $357,500
Chatham Twp.
11G SENTINEL CT   $247,000 One Floor Unit 1 1 1 $233,000
Chatham Twp. 20 LEXINGTON CT  $349,900 Townhouse-Interior 2 1.1 1 $337,450
Denville Twp. 33 DIAMOND SPRING RD  $319,900 Multi Floor Unit, Townhouse-Interior 2 1.1 0 $302,500
Denville Twp.
64 GLATTLY DR   $579,000 Multi Floor Unit 3 2.1 2 $560,000
East Hanover Twp.
127 CASTLE RIDGE DR   $435,000 Townhouse-End Unit 2 2.1 1 $418,000
East Hanover Twp.
53 CASTLE RIDGE DR   $499,900 Townhouse-Interior 3 2.1 1 $461,000
Florham Park Boro 58 Brooklake Road  $359,900 First Floor Unit, One Floor Unit 2 1 1 $355,000
Florham Park Boro 250 Ridgedale Ave. A-3  $420,000 Townhouse-Interior 2 2.1 2 $385,000
Hanover Twp.
132 SUNRISE DRIVE  $309,000 One Floor Unit, Townhouse-Interior 2 2 1 $297,500
Hanover Twp.
64 SUNRISE DR   $325,000 One Floor Unit 2 2 1 $320,000
Hanover Twp.
1204 FOX CHASE LN   $474,000 Townhouse-Interior 2 2.1 2 $445,000
Hanover Twp. 503 Spring Hollow Drive  $499,000 Townhouse-Interior 2 2.1 2 $508,861
Hanover Twp. 702 Spring Hollow Drive  $525,000 Townhouse-Interior 3 2.1 2 $525,121
Harding Twp.
3 POPLAR LN   $459,000 Townhouse-Interior 2 2.1 1 $420,000
Jefferson Twp.
34 PINE HOLLOW CT   $205,000 Townhouse-Interior 2 2 1 $217,300
Jefferson Twp. 18 Petersburg Ct  $215,000 Multi Floor Unit, Townhouse-Interior 2 2 1 $210,000
Jefferson Twp. 12 Old Fourth  $385,000 Multi Floor Unit, Townhouse-Interior 2 2.1 1 $370,000
Lincoln Park Boro
65 HOMESTEAD LN   $299,900 First Floor Unit 2 2 0 $295,000
Madison Boro 318 Main St  $444,900 Townhouse-Interior 3 2.1 1 $439,900
Madison Boro
95 GREENWICH CT   $499,000 Townhouse-End Unit 3 2.1 1 $480,000
Montville Twp.
26 EUGENE DR   $495,000 Townhouse-Interior 2 3.1 1 $485,000
Montville Twp.
49 LENOX CT   $549,900 Townhouse-Interior 3 2.1 1 $525,000
Montville Twp. 11 Duryea Place  $998,800 Colonial 5 4.1 2 $980,000
Morris Plains Boro
3D FOXWOOD DR   $246,900 First Floor Unit 1 1 0 $225,000
Morris Twp.
212 Pitney Place  $229,000 One Floor Unit 2 1 0 $215,000
Morris Twp. 37 PIPPINS WAY  $675,000 Townhouse-Interior 3 2.1 1 $650,000
Morris Twp.
5 CARRIAGE HILL DR   $1,225,000 Townhouse-End Unit 4 4.1 2 $1,400,000
Morristown Town
12-E DORADO Drive, Unit 12-E  $319,900 Townhouse-Interior 2 2.1 0 $330,000
Morristown Town
12-B DORADO DR   $350,000 Townhouse-Interior 2 2.1 0 $345,000
Morristown Town 7 Thomas Trail  $356,000 Townhouse-Interior 2 2.1 1 $330,000
Morristown Town
7 PROSPECT STreet 709  $389,900 Hi-Rise, One Floor Unit 1 1 0 $330,000
Morristown Town
13 TAFT LN   $405,000 Townhouse-Interior 2 2.1 1 $377,500
Morristown Town
36 TWOMBLY CT UNIT B   $409,500 Townhouse-End Unit 2 2.1 1 $345,000
Morristown Town
89 TAFT LN   $425,000 Townhouse-Interior 2 2.1 1 $410,000
Mount Arlington Boro 68  Zachary Way  $426,900 One Floor Unit 2 2 1 $426,900
Mount Arlington Boro
28 LAKESHORE DRIVE  $498,900 Townhouse-Interior 3 3.1 2 $490,000
Parsippany 201 N BEVERWYCK RD APT 5  $164,900 One Floor Unit 1 1 0 $139,999
Parsippany
189-59 LITTLETON RD   $169,000 First Floor Unit, One Floor Unit 1 1 0 $155,000
Parsippany
2467 ROUTE 10   $179,000 One Floor Unit 1 1 0 $170,000
Parsippany 2467 ROUTE 10 E Bldg 2 / 3A   $188,335 First Floor Unit, Townhouse-Interior 1 1 0 $183,475
Parsippany
2467 ROUTE 10 29-7B  $189,900 One Floor Unit 1 1 0 $192,000
Parsippany
2350 STATE ROUTE 10-E26  $194,900 Development Home, One Floor Unit, Townhouse-Interior 1 1 0 $190,000
Parsippany 74 STOCKTON CT  $369,000 Townhouse-Interior 3 2.1 1 $353,000
Parsippany 83 PATRIOTS RD  $379,900 Townhouse-Interior 2 2.1 1 $377,000
Parsippany
75 PATRIOTS RD   $382,000 Townhouse-End Unit 3 2.1 1 $373,000
Parsippany 63 ALBERT CT  $419,000 Townhouse-Interior 3 2.1 1 $405,000
Parsippany
5 SUMMERHILL DR   $449,000 Townhouse-End Unit 3 2.1 1 $422,000
Pequannock Twp. 4101 Tudor Drive  $309,900 Townhouse-End Unit 2 2.1 0 $285,000
Pequannock Twp.
3305 TUDOR DR   $316,575 Townhouse-End Unit 2 2.1 0 $308,000
Randolph Twp.
207 BOULDER RIDGE DR   $337,000 Townhouse-End Unit 2 2 1 $318,000
Randolph Twp. 149 ARROWGATE DR  $400,000 Detached, Townhouse-End Unit 3 2.1 2 $400,000
Riverdale Boro 5102 SANCTUARY BLVD  $199,990 One Floor Unit 1 1 0 $199,990
Riverdale Boro 5119 SANCTUARY BLVD  $199,990 One Floor Unit 1 1 0 $199,990
Riverdale Boro 5118 SANCTUARY BLVD  $209,990 Townhouse-Interior 1 1 0 $199,990
Riverdale Boro 5201 SANCTUARY BLVD  $214,990 Townhouse-Interior 1 1 0 $214,990
Riverdale Boro 5220 SANCTUARY BLVD  $219,990 One Floor Unit 1 1 1 $219,990
Riverdale Boro 5115 SANCTUARY BLVD  $239,990 Townhouse-Interior 1 1 1 $239,990
Riverdale Boro 5420 SANCTUARY  $244,990 One Floor Unit 1 1 1 $244,990
Riverdale Boro
80 MOUNTAINVIEW CT   $259,900 One Floor Unit 1 1 0 $255,000
Riverdale Boro 6204 BROOKHAVEN COURT  $334,990 One Floor Unit, Townhouse-Interior 2 2 1 $300,000
Riverdale Boro
1210 WHARTON CT   $339,000 One Floor Unit 2 2 1 $320,000
Rockaway Twp. 2208 FRANKLIN LN  $159,000 One Floor Unit 1 1 1 $150,000
Rockaway Twp.
322 RICHARD MINE RD C8  $199,000 First Floor Unit, One Floor Unit, Townhouse-End Unit 2 1 1 $175,000
Rockaway Twp.
16 HILLSBOROUGH CT   $285,000 Townhouse-Interior 3 2.1 0 $270,000
Rockaway Twp.
66 WOODLEDGE CT   $319,999 Townhouse-End Unit 3 2.1 0 $310,000
Rockaway Twp.
3311 CLEVELAND LN   $339,000 One Floor Unit, Townhouse-End Unit 2 2 2 $310,000
Roxbury Twp.
62 DRAKE LN   $274,900 First Floor Unit, One Floor Unit 2 2 1 $268,000
Roxbury Twp. 127 DRAKE LANE  $284,500 First Floor Unit, Townhouse-End Unit 3 2 1 $275,000
Roxbury Twp. 119  Autumn Court  $295,000 Townhouse-Interior 2 2.1 1 $280,000
Washington Twp.
2 SCHINDLER SQ   $239,000 Townhouse-Interior 2 1.1 1 $231,000
Washington Twp. 72 Schindler Square  $239,900 Townhouse-End Unit 2 2.1 1 $225,000
Washington Twp. 13 Trafalgar Ct.  $275,000 Townhouse-End Unit 3 2.1 2 $260,000
Wharton Boro
23157 WESTVIEW   $265,000 Townhouse-Interior 2 1.1 1 $242,500




Smitha Ramchandani is a licensed real estate Broker-Salesperson in Morristown West, New Jersey. She is a Certified Buyer Specialist and a Home Marketing Expert.. You can reach Smitha online at: http://www.Morris-Homes.com or http://www.ChathamMoves.com or http://www.EastHanoverMoves.com or http://www.FlorhamParkMoves.com or http://www.MontvilleMoves.com