Listing Details: Van Buren and Ft. Smith, Arkansas Real Estate Listings & Homes For Sale Provided by Alice Medlock

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Open House - BETTER THAN NEW

$113,500

Photo of 1581 EASTGATE CIRCLE, GREENWOOD, AR, 72936.

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FRONT OF HOME

Address: 1581 EASTGATE CIRCLE	City/ST: GREENWOOD, AR	Zip Code: 72936
Location: 1581 EASTGATE CIRCLE	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 1353	Bedrooms: 3	Bathrooms: 2
MLS# MWR 2067	Property Tax: 1104.00	Monthly Rent Estimate: $

WOW! This three bedroom, two bath split bedroom home offers 1353 sq feet of living area and has just been professionally painted thru out and new carpet thru out. Features include whirlpool tub in Mastr bath with large walk in closet, cathedral ceiling in living room with plant niches, large dining area, covered patio, two car garage, privacy fenced back yard and is spic & span! Amenities include beautiful neutral colors, breakfast bar, dishwasher, range, built in microwave, fridge, cul de sac location and priced to sell at only $113,500! Located at 1581 EASTGATE CIRCLE, GREENWOOD, AR MWR 2067

Last Updated: 7/7/2010 2:43:24 PM

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FRONT OF HOME
BACK YARD
LI VING ROOM
DINING AREA
KITCHEN
KITCHEN
KITCHEN
LAUNDRY ROOM
SECOND BEDROOM
THIRD BEDROOM
SECOND BATH
MASTER BEDROOM
MASTER BATH

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Tax Considerations >Tax Rewards for Homeowners

The Federal Tax Code has significantly improved the American taxpayer's ability to profit by selling a principal residence. Prior to 1997, homeowners could take advantage of a tax benefit termed the "rollover", which granted exemption from capital gains taxes on the net profit from the sale of a home. Homeowners who used profits to purchase a bigger and better home did not have to pay tax. And homeowners over the age of 55 were given a once-in-a-lifetime exclusion from taxes on profits of up to $125,000 on the sale of their principal residence.

Compare those tax breaks with our current, streamlined and potentially more profitable arrangement that replaced both the rollover and the one-time exemption. If you are a married home-seller filing jointly, you may enjoy up to $500,000 in tax-free home sale profits, provided you have occupied the property as your principal residence during two of the last five years. Taxpayers who file singly get a $250,000 capital gains exclusion. Homeowners are eligible to exclude capital gains on the sale of a principal residence as often as once every two years.

The law allows capital gain exclusions whether you "buy up" to a more expensive home or "buy down" to a less expensive one. The tax-free dollars can be used in any way you want. Consult your tax advisor for detailed advice about your particular circumstance.

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Alice Medlock, REALTOR�, real estate agent and broker for Van Buren and Ft. Smith, Arkansas home listings, property and land for sale - NUMBER1EXPERT

ALICE MEDLOCK
MEDLOCK & WEST REALTY, LLC
906 MAIN STREET
VAN BUREN, AR 72956
479-651-7221
Fax: 479-474-0294
Email: realestatearkansas@NUMBER1EXPERT.com
Alice Medlock has been ranked in the top 2% of agents, worldwide, of the National franchise company she was associated with for seven years. Now the Principal Broker and partner of MEDLOCK & WEST REALTY she offers the same EXCELLENCE and personal service to every buyer and seller. Her company's slogan "WITHOUT YOU, WE WOULDN'T BE HERE" says it all! Her knowledge of the area combined with her dedication to her clients and utilization of every technological tool available to the Real Estate industry, makes buying or selling a home so easy.

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