The Fiscal Cliff Deal… and How it Affects YOU!

Many of you may be wondering how the FISCAL CLIFF deal affects you and what the Real Estate Tax Extenders will be in 2013. This is just in from the MLS so we thought we would pass it along to you:

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Under the agreement so called “Pease Limitations” that reduce the value of itemized deductions are permanently repealed for most taxpayers but will be reinstituted for high income filers.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 3 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 on October 24, 2013 at 9:54 am
Randy and Christy Oetken | Posted in Uncategorized |

Just Listed: Very Private 80 Acre Luxury Cougar Gulch Estate

01_cougar_gulch_twilight

Just Listed: Very Private 80 Acre Luxury Cougar Gulch Estate

Experience the ultimate in Views & Privacy from this Rare 80 Acre Estate (2 40Acre Parcels) in Cougar Gulch, with Year-Round Creek, Pond, Spring & Pasture. Soak in exquisite Sweeping Mountain Views from the climate-controlled comfort of the Luxury 4608 sq’ Home.  Large Picture windows throughout this home, plus the Wrap-Around Deck & Pavered Front Patio boast sweeping views of the Cedar & Fir forested acreage. A spacious & inviting entry opens to a Grand Staircase and the Formal Living Room with spacious elegance.  Gourmet kitchen features upscale built-in Bosch Double Wall Ovens & Dishwasher, plus a Sub-Zero Refrigerator.  Ample food prep space includes a Center Island and large expanses of exquisite Granite Countering.  The Formal Dining Room boasts two of those large view windows.  Relax after dinner in the Great Room near the bricked wood-burning Fireplace, or enjoy some time with Family or Friends in the lower level Family Room. There’s ample space here for a home theater system, and you can serve drinks and snacks from the large Wet Bar.  The Lower Level also boasts Possible In-Law Quarters with Separate Living Space, including a bedroom and full bath with granite counter.
The extra-large Master “En Suite” with Wrap-
around View Windows and Two Walk-in Closets is a space you may never want to leave. The sumptuous Master Bath includes a large Jetted Tub with Granite Surround.
Outside, enjoy the Wrap-Around Deck, which is spacious enough to create an outdoor seating area…perfect for that first cup of coffee in the morning looking at the panoramic Mountain View!
This acreage is terrific for Horses, with 5 Acre Pasture and separate Horse Stalls in the 40×60 Shop.  This building features a 3-Sided Covered Parking and a Heated Workshop area.

$945,000

 

Call

Christy Oetken

of Windermere Coeur d’Alene Realty today:

208-660-0506

Get More Information about this North Idaho Real Estate we just listed:
Very Private 80 Acre Luxury Cougar Gulch Estate

Check out

8072 W Cougar Gulch Road, Coeur d’Alene

or Text 80ACRES to 72727


Posted on November 9, 2012 at 9:17 am
Randy and Christy Oetken | Posted in Cougar Gulch, Curb Appeal |

CNN Money Ranks Coeur d’Alene Idaho Among 25 Best Places to Retire

CNN Money Ranks Coeur d’Alene Idaho Among 25 Best Places to Retire

It’s happened again!  North Idaho continues to outshine other communities in the U.S. for quality of life and economic value.  As recently as July 2010, US News and World Report ranked Post Falls, Idaho as one of the 10 Best Affordable Mountain Towns for Retirement.

Now,  CNN Money gives the nod to North Idaho, ranking Coeur d’Alene #9 out of its 25 Best Places to Retire.

Money compared Coeur d’Alene against 100 communities in the United States, it’s list of  ”100 Best Small Towns“.  Each community was evaluated in seven categories:

  • Financial
  • Housing
  • Education
  • Quality of Life
  • Leisure and Culture
  • Weather
  • Meet the Neighbors

Coeur d’Alene outpaced the averages of Money’s “100 Best Small Towns” in several areas:  Auto Insurance Premiums ($1,304/year); Job Growth (30.27% from 2000 – 2010); State Income Tax Rates (Lowest 1.60, Highest 7.80%);  Median Home Price ($158,562);  Air Quality (Air Quality Index of 96% “Good” Days per year); Median Commute Time (12.6 minutes) and Annual Precipitation (26 inches per year).

Money recommends Coeur d’Alene to those who are looking for a Resort area, and cites “the 25-mile-long Lake Coeur d’Alene, plus three ski resorts” as its biggest draws.

Read the full article from Money.CNN.com about Coeur d’Alene at

http://money.cnn.com/gallery/retirement/2012/10/16/best-places-retire.moneymag/9.html

Want more information about Beautiful Coeur d’Alene, Idaho’s premier Resort community? Visit www.RealEstate-Browser.com for an abundance of information on its history, economy and the innumerable amenities that draw thousands to live and thrive in this vibrant community.

Interested in Retiring in Coeur d’Alene?  Find out more about Coeur d’Alene area Real Estate.  Visit Bit.ly/CDAHomes4Sale.

Search all of the Coeur d’Alene Real Estate listings in one convenient location!  Visit Oetken.CDARealtySearch.com .

                                                                                   

Related posts:

  1. US News: Post Falls Named one of 10 Best Affordable Mountain Towns for Retirement (10.4)
  2. We Have What Santa Wants! (9.6)
  3. Randy and Christy Oetken Quoted about Coeur d’Alene Idaho in Language of Luxury Blog (9.1)
  4. North Idaho Real Estate: Search the MLS Now for Downtown Coeur d’Alene Homes (8.9)
  5. 4 big money mistakes of first-time homebuyers (7.9)

Posted on October 31, 2012 at 1:50 pm
Randy and Christy Oetken | Posted in Coeur d'Alene, Lake Coeur d'Alene, Market News, Post Falls |

PRICE REDUCED Central Coeur d’Alene Commercial Property – Great School or Church

02_covered_front_porch

PRICE REDUCED

Central Coeur d’Alene Commercial Property – Great School or Church

Now $400,000

720 E Poplar Avenue
Coeur d’Alene ID  83814

PRICE REDUCED

Great for Investors!

4400 sq ft Air Conditioned Single Level Commercial venue on 1.02 Acre in a quiet neighborhood location off the 3rd/4th St Corridor.

Current use for small private school.

Lots of paved parking.

Includes Lawn with Play Area and 1280 sq ft Storage Building.

NOW $400,000

Call

Randy Oetken

of Windermere Coeur d’Alene Realty today:

208-660-0518

See more information on this property listing:

720 E Poplar Avenue

Text POPLAR to 72727

See more properties with recent Price Reductions

or

Explore Brand New North Idaho Real Estate Listings – Updated Daily

 

Related posts:

  1. PRICE REDUCED Lake Coeur d’Alene Secondary Waterfront Home on 1 Acre with Boat Slip (29.5)
  2. NORTH CENTRAL IDAHO REAL ESTATE: $300,000 Price Reduction in Kamiah! (20.7)
  3. NORTH CENTRAL IDAHO REAL ESTATE: Price Reduction on 20 Acre Resort (20.6)
  4. North Idaho Real Estate Price Reduction: Reduced Price on Lake Coeur d’Alene Waterfront (19.9)
  5. MODERN MARVEL: Price Reduced on Coeur d’Alene Luxury View Estate (19.4)

Posted on October 18, 2012 at 4:25 pm
Randy and Christy Oetken | Posted in Acreage, Coeur d'Alene, Coeur d'Alene Listings, Commercial, Commercial Property, Idaho, Investment Properties, Our Listings, Photographs, Price Reduction, Pricing, Real Estate, Waterfront |

We Sold this Downtown Coeur d’Alene Bungalow in Just 1 Day!

We Sold this Downtown Coeur d'Alene Bungalow in Just 1 Day!

We Sold this
Downtown Coeur d’Alene Bungalow in Just 1 Day!

Thinking of selling?

The market is picking up, and
We have buyers!

Call us today.
We’d love to help you Own The Lifestyle.

208-660-0506

Here’s a link to the available residential listings in Coeur d’Alene

Schedule a tour of any of the homes available in the Coeur d’Alene area.  We LOVE to show property.  Let us arrange your private tour of homes in Downtown Coeur d’Alene, or other North Idaho property listings.

Search the Coeur d’Alene MLS

with our New Search Tool!
No Hassle, One Time Account Registration lets you
“Get In, Get Out & Get ON with It!

Visit Oetken.CDARealtySearch.com

Click the link below to see the MLS’ Current Inventory of Single Family Homes in Coeur d’Alene, Idaho
including Short Sales & Foreclosures!

Coeur d’Alene Single Family Homes

Related posts:

  1. We Just Sold this Downtown Coeur d’Alene Bungalow (46.6)
  2. We Just Sold this lovely Coeur d’Alene Area home in Whispering Pines Estates (38)
  3. Just Sold: Shadow Wood Estates home in Coeur d’Alene, Idaho (36.4)
  4. Just Sold: Another Mill River Condo in Coeur d’Alene Idaho (36.2)
  5. Just Sold: Sunshine Meadows 4BR/3BA (30.2)

Posted on October 18, 2012 at 3:48 pm
Randy and Christy Oetken | Posted in Coeur d'Alene, Coeur d'Alene Listings, Foreclosures, Idaho, Just Sold!, Market News, Short Sale, Thinking of Selling?, We Have Buyers |

We Just Sold this Downtown Coeur d’Alene Bungalow

Just_sold_a_street_25k

We Just Sold this Downtown Coeur d’Alene Bungalow

Thinking of selling?

The market is picking up, and
We have buyers!

Call us today.
We’d love to help you Own The Lifestyle.

208-660-0506

Here’s a link to the available residential listings in Coeur d’Alene

Schedule a tour of any of the homes available in the Coeur d’Alene area.  We LOVE to show property.  Let us arrange your private tour of homes in Downtown Coeur d’Alene, or other North Idaho property listings.

Search the Coeur d’Alene MLS

with our New Search Tool!
No Hassle, One Time Account Registration lets you
“Get In, Get Out & Get ON with It!

Visit Oetken.CDARealtySearch.com

Click the link below to see the MLS’ Current Inventory of Single Family Homes in Coeur d’Alene, Idaho
including Short Sales & Foreclosures!

Coeur d’Alene Single Family Homes


Posted on October 10, 2012 at 3:25 pm
Randy and Christy Oetken | Posted in Coeur d'Alene, Foreclosures, Market News, Short Sale, Thinking of Selling?, We Have Buyers |

Video Tour: 4 Bedroom 2.5 Bath Home on 8.8 Acres Bordering Forested Land

Video Tour: 4 Bedroom 2.5 Bath Home on 8.8 Acres Bordering Forested Land

Diamond_Road_Virtual_Tour.mp4 Watch on Posterous

click the graphic above to view the Video Tour of this4 Bedroom 2.5 Bath Home on 8.8 Acres Bordering Forested Land, or click on the link below to visit the YouTube page for this listing

Video Tour: 4 Bedroom 2.5 Bath Home on 8.8 Acres Bordering Forested Land

For a property description, visit

Just Listed: Private 4 Bedroom 2.5 Bath Home on 8.8 Acres Bordering Forested Land

$255,000

9 Acre Mountain Retreat

Bordering Hundreds of Forested Acres,  With End of Road Privacy

4BR/2.5BA, 2632 sq ft on 8.84 Acre

Spacious Kitchen with Island and Large Pantry

French Door Entry off the Covered Front Porch

Cozy Wood Stove Heat in the Living Room

Main Level Master Suite with Private Patio

Newer 4th Bedroom in Lower Level

Full Basement with Family Room & Huge Storage/Workroom

Huge Yard, Huge Dog Run, Oversized 2 Car Garage & RV Parking,

$255,000

12052 S Diamond Road  Harrison

 Call

Christy Oetken

of Windermere Coeur d’Alene Realty today:

208-660-0506

Get more info on our Featured Property listing:

9 Acre Mountain Retreat

Text DIAM to 72727

Want to see more Virtual Tours like this Video Tour: 4 Bedroom 2.5 Bath Home on 8.8 Acres Bordering Forested Land? Subscribe to our Newsletter to get Market News, Info on New Listings, more Video Tours and More:

Email

Oetken@RealEstate-Browser.com

to subscribe today!

Write “Subscribe Me” in the subject line.


Posted on October 5, 2012 at 4:00 pm
Randy and Christy Oetken | Posted in $200K - $300K, Acreage, Harrison, Mountain Acreages, Our Listings, Real Estate, St Maries & Harrison areas, Video, View Property, Virtual Tour |

Just Listed: Private 4 Bedroom 2.5 Bath Home on 8.8 Acres Bordering Forested Land

Just Listed: Private 4 Bedroom 2.5 Bath Home on 8.8 Acres Bordering Forested Land

We Just Liste this Private 4 Bedroom 2.5 Bath Home on 8.8 Acres Bordering Forested LandJust Listed:
Private 4 Bedroom 2.5 Bath Home on 8.8 Acres Bordering Forested Land

8.8 ACRE MOUNTAIN RETREAT

Turner Creek runs through this 8.8 Acre Mountain property bordering hundreds of forested acres for hunting & exploring.

Enjoy the great outdoors without leaving home! This acreage is well-watered with a great sprinkler system, and features a lush 8000sq’ lawn.

Invite friends & family for a reunion. With custom Cedar Log Playset, HUGE Dog Run & plenty of RV Parking, you’ll have lots of opportunities for fun and relaxation with your loved ones.

Indoors, an open kitchen makes for convenient food prep & boasts a large pantry.

Slip away to your private oasis off the Master Suite. The Master Bath features access to Private Covered Patio.

The Lower Level is partly finished, featuring a newer Bedroom, unfinished Family Room and large indoor storage/ work room area with additional access to the oversized 2-Car Garage.

With Living Room Wood Stove, Covered Wood Shed & Wired for Generator, this Spacious Home accommodates a truly autonomous lifestyle. Plan your escape to your wooded wonderland.

$255,000

Call

Christy Oetken

of Windermere Coeur d’Alene Realty today:

208-660-0506

Get More Information about this North Idaho Real Estate we just listed:
Private 4 Bedroom 2.5 Bath Home on 8.8 Acres Bordering Forested Land

Check out

12052 S Diamond Road, Harrison

or Text DIAM to 72727


Posted on October 5, 2012 at 3:12 pm
Randy and Christy Oetken | Posted in St Maries & Harrison areas |

Search for North Idaho Waterfront Real Estate

Search for North Idaho Waterfront Real Estate

Interested in North Idaho waterfront real estate? With hundreds of Waterfront property listings in the Coeur d’Alene MLS, your search could be quite daunting! But we’ve made your search easy with our new Search Tool!

Visit

Oetken.CDARealtySearch.com

to search for North Idaho Waterfront Real Estate.

Our Search Tool features a one-time, no-hassle registration, so you can

“Get In, Get Out and Get ON with it!”

Here’s a list of our current North Idaho waterfront listings. Click on any of the graphics below to get more information on these listings in your search for North Idaho waterfront real estate.

   


Posted on September 19, 2012 at 11:09 am
Randy and Christy Oetken | Posted in Lake Coeur d'Alene, Real Estate, Search the MLS, Secondary Waterfront, Waterfront |

We Just Sold this lovely Coeur d’Alene Area home in Whispering Pines Estates

3784_whisper

We Just Sold this lovely
Coeur d’Alene Area home in Whispering Pines Estates

Great News!  Our Local Real Estate Market is improving!

Thinking of selling?  We have buyers!
Call us today.
We’d love to help you Own The Lifestyle.

208-660-0506

Here’s a link to the available residential listings in Coeur d’Alene

Schedule a tour of any of the homes available in the Coeur d’Alene area.  We LOVE to show property.  Let us arrange your private tour of homes in Whispering Pines Estates, or other North Idaho property listings.

Search the Coeur d’Alene MLS

with our New Search Tool!
No Hassle, One Time Account Registration lets you
“Get In, Get Out & Get ON with It!

Visit Oetken.CDARealtySearch.com

Click the link below to see the MLS’ Current Inventory of Single Family Homes in Coeur d’Alene, Idaho
including Short Sales & Foreclosures!

Coeur d’Alene Single Family Homes


Posted on September 17, 2012 at 11:08 am
Randy and Christy Oetken | Posted in Coeur d'Alene, Coeur d'Alene Listings, Foreclosures, Just Sold!, Market News, Short Sale, Thinking of Selling?, We Have Buyers |

Categories