Issuu

Billie Jo Downing

REALTOR®, ABR, CDPE, CNE, CNHS, CRS, ePRO, GRI, RCC, SFR, SRES 2007 REALTOR® of the Year

970.481.4150

BillieJo@OwnThisHomeTeam.com www.OwnThisHomeTeam.com

Each Office Independently Owned and Operated.

RE/MAX Alliance Loveland 750 W Eisenhower Boulevard Loveland, CO 80537 (970) 669-1234

Kathy Scribner REALTOR®, ABR, CDPE, CNE, CNHS, ePRO, GRI, RCC, SFR

970.669.4175

Kathy@OwnThisHomeTeam.com www.OwnThisHomeTeam.com

ROCKSBURY RIDGE February 2018 Real Estate Market Report

Visit www.RocksburyRidgeHomes.com for community info and recent sales. HO

H O M E O W N E R TA X C H A N G E S

The National Association of Realtors (NAR) efforts helped save the exclusion for capital gains on the sale of a home and preserved the like-kind exchange for real property. As a result of the change made throughout the legislative process, NAR is now projecting slower growth in home prices of 1-3% in 2018 as low inventories continue to spur price gains. However, some local markets, particularly in high cost, higher tax areas, will likely see price declines as a result of the legislation’s new restrictions on mortgage interest and state and local taxes. The new tax law that was signed into effect at the end of 2017 will affect all taxpayers. Homeowners should familiarize themselves with the areas that could affect them which may require some planning to maximize the benefits. Some of the things that will affect most homeowners are the following: Reduces the limit on deductible mortgage debt to $750,00 for loans made after 12/14/17. Existing loans of up to $1 million are grand fathered and are not subject to the new $750,000 cap. Homeowners may refinance mortgage debts existing on 12/14/17 up to $1 million and still deduct the interest, so long as the new loan does not exceed the amount of the existing mortgage being refinanced. Repeals the deduction for interest on home equity debt through 12/31/25 unless the proceeds are used to substantially improve the residence. The standard deduction is now $12,000 for single individuals and $24,000 for joint returns. It is estimated that over 90% of taxpayers will elect to take the standard deduction. Property taxes and other state and local taxes are limited to $10,000 as itemized deductions. Moving expenses are repealed except for members of the Armed Forces. Casualty losses are only allowed provided the loss is attributable to a presidentially declared disaster. The capital gains exclusion applying to principal residences remains unchanged. Single taxpayers are entitled to $250,000 and married taxpayers filing jointly up to $500,000 of capital gain for homes that they owned and occupied as principal residences for two out of the previous five years. Not addressed in the new tax law, the Mortgage Forgiveness Relief Act of 2007 expired on 12/31/16. This temporary law limited exclusion of income for discharged home mortgage debt for principal homeowners who went through foreclosure, short sale, or other mortgage forgiveness. Debt forgiven is considered income and even though the taxpayer may not be obligated for the debt, they would have to recognize the forgiveness debt as income. These changes could affect taxpayers’ position and should be discussed with their tax advisor. If you would like a detailed summary of what the bill means for homeowners, please let us know and we will email you the NAR summary.

PRESENTED BY BILLIE JO DOWNING & KATHY SCRIBNER Your Rocksbury Ridge Real Estate Specialists

PREPARED ESPECIALLY FOR

Jonathan and Angela-Marie Williams

Billie Jo Downing

ROCKSBURY RIDGE MARKET REPORT

No One in the World Sells More Real Estate than RE/MAX!

REALTOR®, ABR, CDPE, CNE, CNHS, CRS, ePRO, GRI, RCC, SFR, SRES 2007 REALTOR® of the Year

970.481.4150

BillieJo@OwnThisHomeTeam.com www.OwnThisHomeTeam.com

TAKE ADVANTAGE OF A

SELLER'S MARKET

Kathy Scribner REALTOR®, ABR, CDPE, CNE, CNHS, ePRO, GRI, RCC, SFR

970.669.4175

Kathy@OwnThisHomeTeam.com www.OwnThisHomeTeam.com

Rocksbury Ridge

Living, Loving, and Promoting Our Community's Value for Over 13 Years!

C urren t Activity in Rocksbury Ridge

Active

Pending

ROCKSBURY RIDGE HOMES AVAILABLE

Jonathan and Angela-Marie, If you want to know what your home would sell for in today's market, contact us today at 970.481.4150 or 970.669.4175.

There are No Homes Currently Listed in Ro cksb u r y Ri d ge

Sold

AT A GLANCE

Homes Currently Under Contract in R ocksb u r y Ri d ge

There are currently 2 homes accepting back up offers in Rocksbury Ridge. For more information on these homes, call Billie Jo at 970.481.4150 or Kathy at 970.669.4175.

Homes Sold Since January 1st, 2017: 32

Homes Sol d Since January 1 st, 2 01 7 in R oc ksb u r y Ri d ge

Own This Home Team’s Keys to Success • Consultation with Professional Stager • Professional Photography • Marketed to the Top Real Estate Websites

• Direct Mail Exposure to Qualified Buyers • Optimized MLS Listing Designed to Reach and Entice More Buyers and Realtors • Marketing & Negotiation Specialists • Invaluable Expertise of Rocksbury Ridge • Vast Network of Agents & Repeat Referrals

For your complimentary home evaluation, call Kathy or Billie Jo today at 970.481.4150 or 970.669.4175.

Status

Street Name

Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold

Sandstone Drive Redrock Lane Fossil Drive Sandstone Drive Fossil Drive Gypsum Lane Flagstone Drive Fossil Drive Alabaster Way Gypsum Lane Gypsum Lane Marble Lane Onyx Place Alabaster Way Boulder Lane Fossil Drive Alabaster Way River Rock Drive Fossil Drive Limestone Lane Granite Way Fossil Drive Onyx Place Gemstone Lane Redrock Lane Redrock Lane Onyx Place Gemstone Lane Gypsum Lane Gypsum Lane Sandstone Drive Alabaster Way

Bedrooms

Bathrooms

Est. Square Feet

Year Built

List Price

List Date

Sold Price

Sold Date

3 4 3 3 4 3 4 4 4 5 3 3 3 3 3 4 4 3 4 4 4 4 4 3 3 5 3 3 3 3 4 5

3 4 3 2 3 2 3 3 3 3 2 3 3 3 2 3 4 2 4 4 3 3 3 3 2 4 3 3 2 2 3 3

2,516 2,855 3,858 3,088 3,254 2,994 3,085 3,190 3,825 2,806 2,654 2,831 2,544 2,382 3,097 3,178 2,924 3,088 3,949 2,693 3,072 3,947 2,994 2,625 3,002 2,442 2,504 2,479 2,642 2,790 2,812 3,064

2002 2002 2006 2003 2008 2005 2004 2006 2002 2004 2005 2003 2006 2002 2004 2007 2003 2003 2006 2002 2003 2006 2005 2005 2003 2003 2006 2012 2004 2004 2003 2002

$300,000 $349,000 $349,000 $334,900 $350,000 $325,000 $359,000 $325,000 $360,000 $339,900 $308,000 $335,000 $325,000 $349,900 $329,000 $344,900 $344,900 $310,000 $348,900 $335,000 $349,900 $354,900 $334,900 $314,900 $304,000 $339,900 $299,900 $309,000 $300,000 $312,000 $337,900 $309,900

11/13/17 10/17/17 06/05/17 05/15/17 08/18/17 07/20/17 07/06/17 06/01/17 07/06/17 07/19/17 07/05/17 06/15/17 06/22/17 05/03/17 05/08/17 04/20/17 04/14/17 04/20/17 03/31/17 03/01/17 03/25/17 02/07/17 02/09/17 02/04/17 01/21/17 01/20/17 11/27/16 12/06/16 12/08/16 12/01/16 11/09/16 12/08/16

$300,000 $343,000 $349,000 $334,900 $348,000 $323,000 $364,000 $323,000 $370,000 $338,500 $308,000 $335,000 $340,000 $349,900 $331,000 $344,900 $352,000 $321,000 $360,000 $335,000 $350,000 $360,000 $334,900 $320,000 $304,000 $357,133 $299,900 $307,500 $295,000 $312,000 $337,500 $315,000

12/15/17 12/14/17 10/06/17 09/29/17 09/26/17 09/14/17 08/31/17 08/30/17 08/25/17 08/21/17 08/04/17 07/28/17 06/28/17 06/19/17 06/16/17 06/09/17 05/26/17 05/25/17 05/19/17 04/27/17 04/26/17 04/03/17 03/30/17 03/22/17 03/08/17 02/24/17 02/15/17 02/07/17 01/27/17 01/23/17 01/13/17 01/11/17

Billie Jo Downing, Kathy Scribner, and RE/MAX Alliance do not imply that this is in any way an official advertisement or publication of RE/MAX®. © 2018 All rights reserved. This representation is based on data reported as of January 22nd, 2018 by multiple brokers/agents to the IRES. This information is not intended to represent any existing listings but is general marketing information based on IRES data, however, neither RE/MAX Alliance, nor the IRES guarantees the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE. This market report is not intended to solicit properties already listed for sale nor is it intended to cause or induce a breach of an existing agency agreement.