NEW LISTING: Laguna Niguel

NEW LISTING

22 Cameray in Cameray Pointe of Bear Brand in Laguna Niguel

This beautiful 3 bedroom, 3 bath home is uniquely situated on one of the largest lots in all Cameray Pointe. You could comfortably put in your own pool and spa should you choose to go that direction. Quiet, tranquil and private, this home has a lovely floor plan, is bright and airy and flows nicely from room to room. Situated across the street from Ocean Ranch shopping center, you can walk to shopping, theatres, restaurants and much more. Convenient access to major road arteries leading to multiple options to freeway and toll roads. Dana Point Harbor, Laguna Beach, Monarch Beach, ocean and beaches very close.

Listing brought to you by Dan Keller of The Keller Home Selling Team at Keller Williams OC Coastal Realty in Orange County. 

Dan Keller: 949.244.0320

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BACK ON THE MARKET & OPEN HOUSE

Gorgeous San Clemente home (with the lowest price per square foot in San Clemente) just went BACK ON THE MARKET today!!! Talk a great opportunity to beat the rush and get your offer in today.

OPEN HOUSE, Sunday the 6th from 2-5pm! Listing agent will be there to answer all your questions!

Click Here to Receive the Property Info and More Pictures from Listing Agent

$624,000  612 Calle Ganadero  San Clemente, CA 92673

Approved short sale! Come home to the coast in this semi-custom 5-bedroom, peek ocean view home on a quiet cul-de-sac. The master bedroom is downstairs, along with two additional bedrooms. There are two more bedrooms upstairs, one with its own private balcony entrance and an en suite bathroom. This home is perfect for extended family living, long-term guests, and more! This lovely home offers wonderful upgrades with bamboo flooring throughout most of the downstairs, tons of natural light from operable skylights, and a completely remodeled downstairs bathroom. This open, flowing floorplan is the perfect great room concept with versatile entertaining spaces. Enjoy the quiet backyard, with mature trees, and numerous fruit trees including persimmon, plum, apricot, and mango. This home needs some cosmetic updating, but it is a wonderful home in a super neighborhood.  

Real Estate Provisions in “Fiscal Cliff” Bill

On Jan. 1 both the Senate and House passed H.R. 8 legislation to avert the “fiscal cliff.” The bill was signed into law by President Barack Obama on Jan. 2.

Below is a summary of real estate related provisions in the bill:

Real Estate Tax Extenders

• - Mortgage Cancellation Relief is extended for one year to Jan. 1, 2014
• - Deduction for Mortgage Insurance Premiums for filers making below $110,000 is extended through 2013 and made retroactive to cover 2012
• - 15-year straight-line cost recovery for qualified leasehold improvements on commercial properties is extended through 2013 and made retroactive to cover 2012
• - 10 percent tax credit (up to $500) for homeowners for energy improvements to existing homes is extended through 2013 and made retroactive to cover 2012

 

Permanent Repeal of Pease Limitations for 99% of Taxpayers 

Under the agreement so called “Pease Limitations” that reduce the value of itemized deductions are permanently repealed for most taxpayers but will be reinstituted for high income filers.  These limitations will only apply to individuals earning more than $250,000 and joint filers earning above $300,000.  These thresholds have been increased and are indexed for inflation and will rise over time.  Under the formula, the amount of adjusted gross income above the threshold is multiplied by three percent.  That amount is then used to reduce the total value of the filer’s itemized deductions.  The total amount of reduction cannot exceed 80 percent of the filer’s itemized deductions.

These limits were first enacted in 1990 (named for the Ohio Congressman Don Pease who came up with the idea) and continued throughout the Clinton years.  They were gradually phased out as a result of the 2001 tax cuts and were completely eliminated in 2010-2012.  Had we gone over the fiscal cliff, Pease limitations would have been reinstituted on all filers starting at $174,450 of adjusted gross income.

Capital Gains

Capital Gains rate stays at 15 percent for those in the top rate of $400,000 (individual) and $450,000 (joint) return.  After that, any gains above those amounts will be taxed at 20 percent.  The $250,000/$500,000 exclusion for sale of principal residence remains in place.

Estate Tax 

The first $5 million dollars in individual estates and $10 million for family estates are now exempted from the estate tax.  After that the rate will be 40 percent, up from 35 percent.  The exemption amounts are indexed for inflation.

   Posted by Kris Forsyth of "The Keller Home Selling Team" and information provided by The National Association of Realtors. 

San Clemente, California Real Estate Professionals & Expert Advisors of "The Keller Home Selling Team"

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San Clemente, California Real Estate Professionals & Expert Advisors of "The Keller Home Selling Team" San Clemente, California Real Estate Professionals & Expert Advisors of "The Keller Home Selling Team" San Clemente, California Real Estate Professionals & Expert Advisors of "The Keller Home Selling Team" San Clemente, California Real Estate Professionals & Expert Advisors of "The Keller Home Selling Team"