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Short Sale - URBAN RESIDENTIAL LIVING w/VIEWS!

$339,000 Sort Sale Deal!

Photo of 2939 Laurel # 303, San Diego, CA, 92104.

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Address: 2939 Laurel # 303	City/ST: San Diego, CA	Zip Code: 92104
Location: 2939 Laurel, San Diego, Ca	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 1205	Bedrooms: 2	Bathrooms: 2
MLS# 090050024

Spacious, Upgraded, Views in an Urban Setting surrounded by Single Family Homes. Best Condo Location in North Park/South Park with Views to the Park, the Golf Course, and the Ocean on a Clear day. Over 1200 sq ft of Space makes this condo larger than many of the single family homes in the area- with better views, and almost half the price tag. Granite Counters in Kitchen, remodelled baths,fireplace in living room, community garden...walk everywhere!
Pets: Allowed w/Restrictions
ROOM DIMENSIONS Living Room: 20X15 Master BR: 15X11 Dining Room: 9X10 Bedroom 2: 12X10 Family Room: oXo Bedroom 3: Kitchen: 11X10
Stories in Bldg: 4
Units in Bldg: 16
Bldg Entry Level: 1 Entry Level
Unit: 3 Elevator: Y Construction: Built on Site
Exterior: Wood/Stucco
Roof:Composition Heat Equipment: Fireplace, Wall/Gravity
Natural Gas, Electric
Laundry Location: Closet Stacked Laundry
Utilities: Gas, Electric
Patio: Balcony
Equipment which Transfers: Dishwasher, Disposal, Dryer, Garage Door Opener, Range/Oven, Refrigerator, Microwave, Washer View: Evening Lights, City, Ocean, Greenbelt, Golf Course

Last Updated: 5/31/2010 4:13:12 PM

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Tax Considerations >Your Tax Free Profits

Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the "rollover" deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years of the sale of your principal residence.

With this change, a married couple filing their taxes jointly pays capital gains taxes only on that portion of home sales profits that exceeds $500,000. Single taxpayers, heads of households, and married persons filing separately may exclude up to $250,000. The exclusion is available for all sales of homes that occurred on or after May 6, 1997. Homeowners can use this tax-free provision every two years.

You are allowed to keep these tax-free profits only if you have owned and used the home as your principal residence for two out of the five years prior to the sale of the property. Although the regulations do not require continuous occupancy, the IRS specifies that your principal residence must be the home you use for the majority of time during the year. Consult your tax advisor about your personal circumstance.

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Q	In what real estate market are more than 90 percent of home sales cash transactions?
A	Palm Beach, home to princes, politicians, and CEOs, has homes from 2,000 sq.ft. condos to 56,000 sq.ft. estates.
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The Gail Feldman Group, REALTOR�, real estate agent and broker for North Park, Pacific Beach and San Diego Metro, California home listings, property and land for sale - NUMBER1EXPERT

The Gail Feldman Group
Keller Williams San Diego Metro
3965 5th Ave Suite 300
San Diego, CA 92103
619-840-9701
Fax: 619-330-2005
License Number:: 01365562
gailfeldman@NUMBER1EXPERT.com

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