Blog

Local Boston Area Real Estate News & Market Trends. My blog contains new listings, open houses, covering everything from local real estate market statistics and home values to community happenings. 

March 29, 2019

New Listing! 35 Pilgrim Village Rd U:103 - Taunton - $279,000 - Open House Sat 11-1 and Sunday 1-3

35 Pilgrim Village U:103 Taunton - Open House Sat 3/30 from 11-1 and Sun 1-3

 

DESCRIPTION


Beautiful and immaculate FULLY FURNISHED condo with 4 floors of living space! This unit has one of the best locations in the complex with a large, level backyard. All rooms have been freshly painted. This turnkey condo is drenched in sunlight. Featuring two bump outs for a dining room and kitchen table. The kitchen features newer refrigerator and range and a breakfast bar. Newly updated mudroom with a new window, paint, and tile. New solid surface deck that is fully paid for. First floor laundry. Partially finished basement. Most furniture is either brand new or under 2 years old and is included in sale. This exceptionally well run complex is FHA Approved and includes an inground pool, playground, gazebo, & function room. The master suite includes a 3rd floor loft area perfect for an office, sitting room, or 3rd bedroom with a large walk in closet and master bathroom with double sinks and a shower. 2nd Bedroom has a private bath with a Jacuzzi Tub. Open House Sat 11-1 and Sun 1-3

 

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Posted in New Listing, Open House
March 16, 2019

New Construction - Open House - Sunday 3/17 1:30-3:30 pm - 5 Valley St, Canton $599,900

5 Valley Rd - Canton 

 

DESCRIPTION


Great Opportunity to own a Beautiful New Construction Colonial for under 600K in Canton. Features include 3 good size bedrooms, 2 full tile / granite baths - one on each level, an open concept floor plan boasting a beautiful custom kitchen with granite counter tops, oversize 8' island & stainless steel appliances, adjoining living room with slider to deck and a formal dining room. Other amenities include hardwood floors throughout, 2nd floor laundry, central air, vinyl siding, spray foam insulation, walk out lower level and more!.

 

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March 16, 2019

New Construction - Open House - Sunday 3/17 11-1 pm 1641 Washington St, Walpole $499k

1641 Washington Street - Walpole 

DESCRIPTION


NEW CONSTRUCTION in Walpole under $500k! Boyden school district! This townhouse is setback from the street on a large, level lot. Step inside your front door to a beautifully finished living room with gleaming hardwood floors, picture frame and crown molding. Kitchen has tiled floor, quartz counter tops complimented by white subway tile back splash, Samsung stainless steel appliances and large pantry closet. Dining area features slider out to deck and backyard. Enter through attached one car garage to tiled mudroom and main level laundry room with plenty of cabinet space and 1/2 bath. 2nd floor master bedroom has his and her closets and huge master bath, 2 more spacious bedrooms, lots of closet space and full family bath completes the 2nd level. Tasteful colors throughout, Anderson windows, gas heat, C/A, full basement with high ceilings ready for you to finish. Conveniently located near major routes and shopping.

 

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March 5, 2019

Tax Deductions for Homeowners: How the New Tax Law Affects Mortgage Interest


Tax Deductions for Homeowners: How the New Tax Law Affects Mortgage Interest

Tax changes for 2019 change the landscape for homeowners.

Tax season is upon us once again, and to make it even more interesting this year, the tax code has changed — along with the rules about tax deductions for homeowners. The biggest change? Many homeowners who used to write off their property taxes and the interest they pay their mortgage will no longer be able to.

Stay calm. This doesn't automatically mean your taxes are going up. Here's a roundup of the rules that will affect homeowners — and how big of a change to expect.

Related: Are Closing Costs Tax Deductible?

Standard Deduction: Big Change

The standard deduction, that amount everyone gets, whether they have actual deductions or not, nearly doubled under the new law. It's now $24,000 for married, joint-filing couples (up from $13,000). It's $18,000 for heads of household (up from $9,550). And $12,000 for singles (up from $6,500).

Many more people will now get a better deal taking the standard than they would with their itemizable write-offs.

For perspective, the number of homeowners who will be able to deduct their mortgage interest under the new rules will fall from around 32 million to about 14 million, the federal government says. That's about a 56% drop.

"This doesn't necessarily mean they'll pay more taxes," says Evan Liddiard, a CPA and director of federal tax policy for the National Association of REALTORS® in Washington, D.C. "It just means that they'll no longer get a tax incentive for buying or owning a home."

So will you be able to itemize, or will you be in standard deduction land? This calculator can give you an estimate.

If the answer is standard deduction, you'll be pleased to know that tax forms are easier when you don't itemize, says Liddiard. Find instructions for IRS Form 1040 here.

Personal Exemption Repealed

One caveat to the increase in the standard deduction for homeowners and non-homeowners is that the personal exemption was repealed. No longer can you exempt from your income $4,150 for each member of your household. And that might temper the benefit of a higher standard deduction, depending on your particular situation. 

For example, a single person might still come out ahead. Her $5,500 increase in the standard deduction is more than the $4,150 lost by the personal exemption repeal.  

But consider a family of four with two kids over 16 in the 22% tax bracket. They no longer have personal exemptions totaling $16,600.  Although the increase in the standard deduction is worth $2,420 (11,000 x 22%), the loss of the exemptions would cost them an extra $3,652  (16,600 x 22%).  So they lose $1,232 (3,652 – 2,420).

But say their two kids are under 16, giving them a child credit worth $2,000. That offsets the loss resulting in a $758 tax cut.

The takeaway: Your household composition will probably affect your tax status.

Mortgage Interest Deduction: Incremental Change

The new law caps the mortgage interest you can write off at loan amounts of no more than $750,000. However, if your loan was in place by Dec. 14, 2017, the loan is grandfathered, and the old $1 million maximum amount still applies. Since most people don't have a mortgage larger than $750,000, they won't be affected by the cap.

But if you live in a pricey place (like San Francisco, where the median housing price is well over a million bucks), or you just have a seriously expensive house, the new federal tax laws mean you're not going to be able to write off interest paid on debt over the $750,000 cap.

State and Local Tax Deduction: Degree of Change Varies by Location

The state and local taxes you pay — like income, sales, and property taxes — are still itemizable write-offs. That's called the SALT deduction in CPA lingo. But. The tax changes for 2019 (that's tax year 2018) mean you can't deduct more than $10,000 for all your state and local taxes combined, whether you're single or married. (It's $5,000 per person if you're married but filing separately.)

The SALT cap is bad news for people in areas with high taxes. The majority of homeowners in around 20 states have been writing off more than $10,000 in SALT each year, so they'll lose some of this deduction. "This is going to hurt people in high-tax areas like New York and California," says Lisa Greene-Lewis, CPA and expert for TurboTax in California. New Yorkers, for example, were taking SALT deductions around $22,000 a household.

Rental Property Deduction: No Change

The news is happier if you're a landlord. There continue to be no limits on the amount of mortgage debt interest or state and local taxes you can write off on rental property. And you can keep writing off operating expenses like depreciation, insurance, lawn care, and utilities on Schedule E.

Home Equity Loans: Big Change

You can continue to write off the interest on a home equity or second mortgage loan (if you itemize), but only if you used the proceeds to substantially better your home and only if the total, combined with your first mortgage, doesn't go over the $750,000 cap ($1 million for loans in existence on Dec. 15, 2017). If you used the equity loan to pay medical expenses, take a cruise, or anything other than home improvements, that interest is no longer tax deductible.

Here's a big FYI: The new rules don't grandfather in old home equity loans if the proceeds were used for something other than substantial home improvement. If you took one out five years ago to, say, pay your child's college tuition, you have to stop writing off that interest. 

4 Tips for Navigating the New Tax Law

1. Single people may get more tax benefits from buying a house, Liddiard says. "They can often reach [and potentially exceed] the standard deduction more quickly." You can check how much you're likely to owe or get back under the new law on this tax calculator.

2. Student loan debt is deductible, up to $2,500 if you're repaying, whether you itemize or not.

3. Charitable deductions and some medical expenses remain itemizable. If you're generous or have had a big year for medical bills, these, added to your mortgage interest, may be enough to bump you over the standard deduction hump and into the write-off zone.

4. If your mortgage is over the $750,000 cappay it down faster so you don't eat the interest. You can add a little to the principal each month, or make a 13th payment each year.

Written by Leanne Potts
Posted in Article, Tax Tips
March 2, 2019

Open House $1.35M 50 Beatrice Way Canton Sunday 3/3 12-2pm

 

DESCRIPTION


Exquisite custom built colonial with intricate and thoughtful details throughout the home. Located in desired Spring Valley, this better than new construction is an entertainers dream. Gorgeous gourmet chef's kitchen featuring state of the art appliances; Thermador Pro Grand Steam 48" range, Thermador Fridge, Freezer and Wine cooler, and a 48" custom built vent hood. The well-planned breakfast bar and added wet bar creates a huge space for entertaining. Step out your oversized slider onto the deck overlooking the beautiful abutting acres of private woods right off the kitchen. The top floor offers an ideal bonus space with a second wet bar designed for entertaining, a private deck and hot tub. In every room, you experience the unparalleled details, from the crown molding, coffered ceilings, and wainscoting, this home will surpass your expectations. Four levels of incredible living space, this home is perfect for entertaining all occasions. 

 

 

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Posted in Canton, Open House
Feb. 9, 2019

555 Chapman St Canton – Open House Sunday 2/10 12-2pm – $699,000

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555 Chapman St Canton - Open House Sunday 2/10 12-2pm – $699,000

Rare Opportunity to own a Young & Beautiful Custom Built Home that is located on desired Chapman St & is set far back off the street to provide exceptional privacy. Features include a grand foyer w/ bridal staircase, large granite eat in kitchen w/ vermont casting wood stove, desk area, Thermador stove & a butcher block island w/ prep sink, 2nd cooktop & grill, living room w/ slider to front farmers porch, master suite boasting a private full bath w/ jacuzzi tub, surround sound & w-in closet, 2nd flr accessory apartment w/ kitchenette, full bath & studio living area, 1st floor mudroom w/ built in's, 1st floor guest bedroom suite w/ private full bath, Other amenities include a 2 car garage, c/a, c/v, alarm system, freshly painted int & ext, recessed lights, pella windows, on demand hot water, water filtration system, walk out l/l w/ 9' ceilings & pre plumbed for kitchen & bath, storage shed & a large back deck that overlooks private yard that is only steps away from the commuter rail. 

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Posted in Open House
Jan. 21, 2019

Open House Monday 1/21 from 4-6pm 105 Gilbert Dr Stoughton $434,900

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Open House Monday 1/21 from 4-6pm 105 Gilbert Dr Stoughton $434,900

New Listing!! Beautiful and Meticulously Maintained Raised Ranch Located in one of Stoughton's Most Desirable Neighborhoods and nestled at the end of a Cul-De-Sac. This Lovely Home Features 3 + Spacious Bedrooms, Hardwood Floors, 2 1/2 Bathrooms, Dining Room, Large Living Room, Finished Lower Level w/ Fire Place, Bonus Room (4th BR or Office) and a Utility Room. MAJOR UPDATES INCLUDE : Roof (3yrs), Heating and Central AC, Windows, 2 BRAND NEW Modern Bathrooms featuring top of the line fixtures, Updated 1/2 Bath, and a Large Back Deck overlooking Private Yard Great for Entertaining (recently cleared of 30 trees). This Location is Conveniently Located Close to Train, Elementary School, Shopping, Restaurants & Parks. This Will Not Last..don't miss out, CALL AND SEE IT TODAY!!!

 

 

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Posted in Open House, Stoughton
Jan. 18, 2019

555 Chapman St Canton – Open House Saturday 1/19 12-2pm – $699,000

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555 Chapman St Canton - Open House Saturday 1/19 12-2pm – $699,000

Rare Opportunity to own a Young & Beautiful Custom Built Home that is located on desired Chapman St & is set far back off the street to provide exceptional privacy. Features include a grand foyer w/ bridal staircase, large granite eat in kitchen w/ vermont casting wood stove, desk area, Thermador stove & a butcher block island w/ prep sink, 2nd cooktop & grill, living room w/ slider to front farmers porch, master suite boasting a private full bath w/ jacuzzi tub, surround sound & w-in closet, 2nd flr accessory apartment w/ kitchenette, full bath & studio living area, 1st floor mudroom w/ built in's, 1st floor guest bedroom suite w/ private full bath, Other amenities include a 2 car garage, c/a, c/v, alarm system, freshly painted int & ext, recessed lights, pella windows, on demand hot water, water filtration system, walk out l/l w/ 9' ceilings & pre plumbed for kitchen & bath, storage shed & a large back deck that overlooks private yard that is only steps away from the commuter rail

 

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Posted in Canton, Open House
Jan. 10, 2019

Gorgeous 5k sq ft, $1.35M in Canton! Open House Sat 1/12 from 12-2pm - 50 Beatrice Way Canton


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Gorgeous 5k sq ft, $1.35M in Canton! Open House Sat 1/12 from 12-2pm - 50 Beatrice Way Canton

Exquisite custom built colonial with intricate and thoughtful details throughout the home. Located in desired Spring Valley, this better than new construction is an entertainers dream. Gorgeous gourmet chef's kitchen featuring state of the art appliances; Thermador Pro Grand Steam 48" range, Thermador Fridge, Freezer and Wine cooler, and a 48" custom built vent hood. The well-planned breakfast bar and added wet bar creates a huge space for entertaining. Step out your oversized slider onto the deck overlooking the beautiful abutting acres of private woods right off the kitchen. The top floor offers an ideal bonus space with a second wet bar designed for entertaining, a private deck and hot tub. In every room, you experience the unparalleled details, from the crown molding, coffered ceilings, and wainscoting, this home will surpass your expectations. Four levels of incredible living space, this home is perfect for entertaining all occasions.

Click here for more information.

 

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Posted in Canton, Open House
Dec. 9, 2018

Open House - $618,000 - 49 Beaumont St - Unit 49 - Canton - 12/9 11-1pm

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Open House – $618,000 – 49 Beaumont St – Unit 49 – Canton – 12/9 11-1pm

Beautiful NEW CONSTRUCTION Luxury Townhouses in a Commuters Dream Location. This well thought out duplex style unit with spacious rooms and an open floor plan is conveniently located directly across from Canton Junction train station. Features & amenities include 4 bedrooms, 2.5 baths, a custom granite kitchen with island & large dining area and an adjoining fireplaced family room, master suite with private full bath and walk in closet, hardwood floors throughout, 9' ceilings, 2nd floor laundry, 1st floor mudroom, walk out basement with full windows that is pre plumbed for a full bath and has great potential to finish, 2 car garage, plenty of parking, pets allowed, low HOA fee & more. Enjoy the spacious feel of a single family home combined with exclusive use of your own private exterior yard space yet the convenience of maintenance free condo living. Still time to customize and make this your dream suburban home and still be only 20 minutes to Back Bay.

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Posted in Canton, Open House