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Sold - 809 Delray Drive

$369,900 SOLD!

Photo of 809 Delray Drive, Fallston, MD, 21050.

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Front Exterior View

Address: 809 Delray Drive	City/ST: Fallston, MD	Zip Code: 21050
Location: 809 Delray Drive Forest Hill, MD 21050	Property Type: Single Family Home	New or Resale: Resale
Bedrooms: 4	Bathrooms: 2 full, 1 half	MLS# HR6834629
Property Tax: 3585

Walk In and Feel at Home! Meticulously Maintained 4 Bedroom, 2.3 Bath Victorian Colonial w/NEW Roof and recent HVAC on 1/3 Acre. 3 Fully Finished Levels. Eat In Kitchen with Ceramic Floors. Recent Appliances, Lighting and Corian Countertops. Family Room (26x12) with Fireplace. Large Owner's Bedroom w/Updated Bath. Finished Lower Level w/2nd Family Room, Recreation Room/Playroom, Office. Storage Galore. 20x40 2-Tiered Deck with Hot Tub overlooking Level Landscaped Back Yard. Stacked Stone Gardens. So Much More to See.

Last Updated: 5/18/2009 9:06:46 PM

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Front Exterior View Entrance/Foyer
Dining Room
Dining Room
Kitchen
Kitchen
Kitchen
Kitchen and Breakfast Area
Breakfast Area
Family Room
Family Room
Family Room
Fireplace
Laundry Area
Master Bedroom
Master Bath
2nd Bedroom
3rd Bedroom
4th Bedroom
2nd Floor Hall Bath
Recreation Room
Recreation Room
Finished Lower Level
Finished Lower Level
Finished Lower Level
Deck
Hot Tub
Back Yard
Deck
Exterior Rear View

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First Time Buyers >Your Principal Residence

The Federal Tax Code allows married taxpayers to exclude from capital gains taxes up to $500,000 in profits from selling a home (singles can exclude $250,000). In order to qualify for this exemption, you must prove that that the home has been your principal residence for at least two out of the last five years. The establishment of the home as a principal residence depends on the facts of each homeowner's circumstance. Here are two cases to consider.

Homeowner A has lived at 25 Pine Drive for 12 years. Although he stays at his vacation cottage in another town for up to three months out of each year (sometimes more), 25 Pine Drive is his principal residence, where he lives most of the time. When he sells the home, Homeowner A (filing as a single individual) can keep up to $250,000 in tax-free profit.

Homeowner B buys 108 Maple Street, intending to live there. He rents it out while waiting to sell his current home, where he has lived for six years. His principal residence sells at the end of two years. Homeowner B moves into his new house, lives there for three months, and then decides to travel. After a six-month trip, he regrets buying 108 Maple Street and sells it. Even though he has owned the house on Maple Street for over two years, it won't qualify as "owner-occupied", because he only lived in it for a few months. Thus Homeowner B is not eligible to claim the tax exemption when he sells the house on Maple Street.

Consult your tax advisor for advice about your particular circumstance.

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Q	What mortgage transactions between borrowers and lending institutions operate in the private sector of the economy?
A	Conventional mortgages are private sector transactions that are not insured or guaranteed by the government.
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Suzanne Burton, REALTOR�, real estate agent and broker for Harford County, Bel Air and Cecil County, Maryland home listings, property and land for sale - NUMBER1EXPERT

Suzanne Burton
RE/MAX American Dream
620 S. Main Street
Bel Air, MD 21014
410-420-7355
Fax: 410-879-4771
suzanneburton@NUMBER1EXPERT.com

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