Real Estate

Pros and Cons of the New Tax Bill

Both chambers of Congress have now passed the new tax bill, and its the first overhaul in more than 30 years.  The National Association of REALTORS worked throughout the tax reform process to preserve the existing tax benefits of homeownership and real estate investment. Many of the changes reflected in the final bill were the result of the engagement of NAR and its members, not only in the last three months, but over several years.

The tax bill has been passed with all of its pros and cons.  Last minute changes to the bill include the following improvements for real estate.

-Capital Gains Exclusion.  In a huge win for current and prospective homeowners, current law is left in place on the capital gains exclusion on $250,000 for an individual and $500,000 for married couples on the sale of a home.  Both the House and Senate had sought to make it much harder to qualify for this exclusion.

-Mortgage Interest Deduction.  The maximum mortgage amount for households deducting their mortgage interest has been decreased to $750,000 from the current $1 million limit. The house bill sought a reduction to $500,000.

-State and Local Tax Deductions.  Both property taxes and State and Local income taxes remain deductible, although with a combined limit of $10,000.  Both the House and Senate bills sought to to eliminate the State and Local income tax deduction altogether.

All individual provisions are generally effective after December 31, 2017 for the 2018 tax filing year and expire on December 31, 2025 unless otherwise noted.  The provisions do not affect tax filings for 2017 unless noted.  Individuals should consult a tax professional about their own personal situation.

You may benefit from pre-paying your 2017 real estate/property tax bill before the end of the year.  With the caps on deductibility of state and local income and property taxes at $10,000 for tax year 2018 and going forward, but that cap does not apply in 2017.  If your real estate tax bill is expected to exceed $10,000 in 2018, you may strongly benefit from pre-paying property taxes due in 2018 right now before year end.

County Treasurers in Hamilton County, Butler County, Clermont County and Warren County have confirmed that you can determine and pay your entire 2018 real estate tax expense before December 31, 2017.

If you have any questions about how this may affect your decision to buy or sell real estate in the coming year, reach out to your Real Estate Resource, the Finn Team:  www.Finn-Team.com or holly.finn@cbws.com.  

Dollhouse with Charm and Modern Updates… Just Blocks from Mt Lookout!

Gorgeous Dollhouse Blocks from Mt. Lookout Square!

Adorable dollhouse in fabulous central location in Mt. Lookout! Enjoy the remodeled kitchen with tile floor and maple cabinets. The home boasts a first floor master bedroom and a remodeled full bath with tile. There are hardwood floors throughout, updated siding, windows and roof in 2005. High-efficiency carrier furnace  replaced 2008, new bath ’10, 2nd floor carpet ’10 and finished lower level recreation room with glass block windows.

The backyard has a private fence, with a wooded yard in the rear. Minutes to Downtown and Hyde Park Square, with the shopping in Columbia-Tusculum and Mount Lookout walking distance!

Schedule a showing to see your new home!

513-560-6513   |   holly.finn@cbws.com   |   http://www.Finn-Team.com

PRICE REDUCTION on contemporary Mount Lookout home!

2897 Alpine Terrace, Cincinnati, OH 45208

5 Bedrooms  |  4.5 Baths  |  2 Car Garage

$999,000

An inspiring contemporary home built in 1969, combining architectural details with modern updates.  Located in one of Cincinnati’s most coveted neighborhoods; this luxury home that has it all! Featuring four levels, with elevator access to each.  Truly a unique property with numerous indoor and outdoor living areas.  The original owner spent over a million dollars to completely renovate the home in 2008.  Generous lot size offers plenty of options for outdoor activities.  Situated in a vibrant and highly desirable community, just 10 minutes to downtown Cincinnati.

PROPERTY ENHANCEMENTS

  • Complete $1 million renovation in 2008.
  • 5,500 square feet of living space.
  • Contemporary home designed by local architect, Robert H. Springer in 1969.
  • Elevator
  • Over half acre lot (0.6 acres).
  • 2 Wood burning fireplaces.
  • Zoned HVAC system for high efficiency (2 furnaces/2 central air).
  • First Floor Master Suite.
  • 5 Bedrooms plus Study.
  • Hardwood floors, closet organizers, built-ins, surround sound, plenty of storage.
  • Screened in patio with built-in gas grill.
  • Gourmet kitchen includes: vaulted ceilings, skylight, huge island with Wolf cooktop & electronic downdraft system, Double oven, built-in refrigerator, secondary sink, bar.
  • First Floor Master Suite has walk-in closet, luxury master bath with double shower head, large vanity area.

Call us today so we can schedule a private showing!

 

Move-in Ready Bridgetown Ranch

3316 Starhaven Trail
3 Beds | 2.5 Baths | 2-Car Garage
$219,900

This updated brick ranch with no HOA fees boasts an open floor plan with vaulted ceilings, skylights, imported Italian tile, hardwood floors, built-ins, first floor master suite and a new roof (2016)! The completely finished lower level was updated with new carpet in 2016 and has a gas fireplace and walk-out to a wooded, level rear yard.

Enjoy the summer on the tiered deck and rear patio in this Bridgetown beauty! Call us today for a private showing! 513-533-8081

Urban lofts in OTR; one block from Washington Park!

All units are one bedroom, 1.5 bath.

UNIT PRICE SIZE HOA STATUS
1A $264,900 650 sq ft  $130/month  Available
1B $309,900 800 sq ft  $154/month  Available
2A $264,900 650 sq ft  $130/month  Available
2B $309,900 800 sq ft  $154/month  Available
3A $264,900  650 sq ft   $130/month  Available
3B $309,900  800 sq ft   $154/month  PENDING
4A $274,900  650 sq ft   $130/month  Available
4B $309,900  900 sq ft   $154/month  Available

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Originally built in 1890, Vivian Lofts has just been revamped by 1422 Elm, LLC into chic loft space. This 4-story stone building is a contributing structure in the OTR landscape. The developer had the vision and passion to maintain historic elements, while adding all of the modern features buyers are looking for. He wanted to create a product that stood out from the rest of the condos downtown by integrating elements from Cincinnati’s history into each nook and cranny. The design intent for this building was to save the important architectural features, such as plaster walls, winding wood staircase, exposed masonry, stone facade, bay windows, and decorative detailing. The developer went above and beyond to reclaim bits of Cincinnati history to add to the already unique character of Vivian Lofts. To accomplish this, the developer brought in barrister cabinets, wooden mantles, newel posts in kitchen, and more.

 

 

Unique contemporary in the heart of Mount Lookout!

2897 Alpine Terrace, Cincinnati, OH 45208

5 Bedrooms  |  4.5 Baths  |  2 Car

$1,075,000

An inspiring contemporary home built in 1969, combining architectural details with modern updates.  Located in one of Cincinnati’s most coveted neighborhoods; this luxury home that has it all! Featuring four levels, with elevator access to each.  Truly a unique property with numerous indoor and outdoor living areas.  The original owner spent over a million dollars to completely renovate the home in 2008.  Generous lot size offers plenty of options for outdoor activities.  Situated in a vibrant and highly desirable community, just 10 minutes to downtown Cincinnati.

PROPERTY ENHANCEMENTS

  • Complete $1 million renovation in 2008.
  • 5,500 square feet of living space.
  • Contemporary home designed by local architect, Robert H. Springer in 1969.
  • Elevator
  • Over half acre lot (0.6 acres).
  • 2 Wood burning fireplaces.
  • Zoned HVAC system for high efficiency (2 furnaces/2 central air).
  • First Floor Master Suite.
  • 5 Bedrooms plus Study.
  • Hardwood floors, closet organizers, built-ins, surround sound, plenty of storage.
  • Screened in patio with built-in gas grill.
  • Gourmet kitchen includes: vaulted ceilings, skylight, huge island with Wolf cooktop & electronic downdraft system, Double oven, built-in refrigerator, secondary sink, bar.
  • First Floor Master Suite has walk-in closet, luxury master bath with double shower head, large vanity area.

Call us today so we can schedule a private showing!

 

COMING SOON! 3648 Michigan – Great location, big deck, finished lower level!

3648 Michigan Ave, Cincinnati OH 45208

3 Bedrooms | 1.5 Baths

$369,900

Coming Soon!

OPEN HOUSE! This Sunday (April 2) from 12 pm to 2:00 pm, J. Webb will be hosting an Open House. Drop in, look around, say hi to J, then make an offer!

Fantastic Hyde Park location in between Hyde Park Square and Wasson Way! The welcoming front porch, rebuilt in 2014, leads into the gracious foyer with stained and leaded glass. The kitchen opens to the dining room and includes exposed brick, counter brick, counter bar, with stainless steel appliances. The dining room opens to a large deck and a yard (200 feet deep lot!) with a wooded view.

The second floor boasts three bedrooms, a full bath, and hardwood floors. The master bedroom offers two closets, and the third floor was recently updated with the new carpet (2015), insulation, recessed lighting and new windows.

Head down and enjoy the finished lower level, then get out of the house and be the envy of all your friends, with restaurants, shopping, grocery and more, just a short walk away.

Welcome to your home, sweet home!! Come out on Sunday (or call J. Webb at 513.356.3292 for a private showing TODAY!)

 

No Maintenance near Mariemont Square

3809 Petoskey Ave Unit 3, Mariemont, OH 45227

2 Bedrooms | 2 Full Baths

$104,900

Awesome buy in Mariemont! Condo life has some major perks. Maintenance? Done. Updates? Done. Yard care? Done.

This lower level unit comes move-in ready with neutral decor, off-street parking and a dog run for your pooch (if you have one). The basement is huge. Coin-operated laundry on the premises, with plenty of private storage areas.

Walk in to the tile entry and enjoy carpet (or parquet, since that’s under the carpet) and replacement windows throughout the condo.

With heat and water included, and an average electricity bill of $30 a month, you better hurry if you want to see this one!

Call us for a private showing TODAY, before this deal passes you by!

 

Large Fenced Yard in Mt Lookout!

3215 Lookout Drive | Cincinnati, OH 45208

3 Bedrooms | 1.5 Baths

$324,900

OPEN HOUSE! This Sunday from 12 pm to 1:30 pm. Drop in, look around, say hi, then make an offer!

Check out this updated brick home in Mt Lookout! This fantastic one-of-a-kind home with a 2-car garage boasts hardwood floors throughout first floor, and new carpet (2017) on second floor. Located in the highly sought after Mt Lookout community, and just a short walk to Mt Lookout Square, Hyde Park Square, and Kilgour Elementary!

Before you even walk in this beauty, you’ll want to sit on the front porch with a big glass tea and take in the neighborhood! Once you walk inside, you’ll not just see, but FEEL the updates! The natural light leads you through the house, and you’ll be remiss if you don’t see the new granite counters in the kitchen, along with the subway tile backsplash, 42 inch wood cabinets and recessed lighting.

Walk out the back door, and accept the truth: You’re home.

The large deck matches the large yard, both ready for you to start enjoying Spring in the Queen City! This is the home you’ve been waiting for! Come out on Sunday (or call us for a private showing TODAY!)

 

Move-in Ready 3 BR in Anderson Twp

8653 Glenrose Lane | Anderson Twp, 45244
3 Bedrooms | 1 Bathroom
$124, 900

For less than the average rent in Cincinnati, you could own this updated and move-in ready ranch home!

Located just a few minutes from Eastgate Mall in Anderson, this home boasts an open floor plan with NO steps! The owners have put a lot into making sure this home is completely updated and pristine… They added a one-car garage in 2009, replaced the roof/gutters/soffits in 2014, updated the kitchen with stainless steel appliances in 2008, and new HVAC in 2012.

The backyard (which is HUGE), newly replaced windows, landscaped exterior, fenced yard and sandstone patio all add to the charm of this property.

Give the Finn Team a call at 513.702.4090 to schedule your private showing so we can introduce you to your new home on Glenrose Lane!