New Listing! 1948 Gracewood Drive West Ashley Charleston, SC 29414 Home For Sale

1948 Gracewood Drive West Ashley Charleston, SC 29414 Home For Sale
This better-than-new luxury home is less than 1 year old and has many upgrades. Located in prestigious Essex at Carolina Bay off Glenn McConnell Parkway, you are 3 minutes from Bon Secours Saint Francis Hospital and I-526. Why wait for Pulte to build when you can move in to 1948 Gracewood now. This premium lot sits adjacent to the Nature Trail & marsh, and features a 2+ car remote controlled drive-under garage (the home is elevated so your garage is the size of the home’s entire footprint), 4 bedrooms plus an office that could be a 5th bedroom, an open floor plan, master suite down, multiple porches, designer paint scheme, hardwood flooring, Shaw carpet, Enser ceramic tile… too much to list here.  You really need to see this beautiful home.
04 1948 Gracewood From Side and Street

Jim Bobo, Jr., Realtor, BIC, ABR, RSPS, MBA

SC Land and Homes LLC
Call or text (843) 442-7275
www.JimBoboRealEstate.com
Contact us

The 3.8% “Real Estate Tax”: Myth or Truth?

The 3.8% “Real Estate Tax”: Myth or Truth?

I recently received an email from a former client that claimed the Federal Government was going to tax every real estate transaction at 3.8% of the selling price.  This rumor has been circulating ever since health care reform was enacted into law more than two years ago. The National Association of Realtors released information explaining that the tax is actually a “capital gains tax” that will only affect high-income households that realize a substantial gain on an asset sale, including some real estate sales. NAR estimates 2-3 percent of home sellers will be affected.

The National Association of Realtors has prepared the following brochures to help explain how the 3.8% “real estate tax” will work.  In fact, Congress calls the tax the “New Medicare Tax on Unearned Net Investment Income”, and the tax will take effect January 1, 2013.  While NAR doesn’t support the tax (it was added into the health care law at the last minute and never considered in hearings), it’s not advocating for its repeal at this time.

NAR FAQs: New Medicare Tax on “Unearned” Net Investment Income

NAR Brochure: The 3.8 % Tax Scenarios

Jim Bobo, Jr., Realtor, BIC, ABR, RSPS, MBA

SC Land and Homes LLC
Call or text (843) 442-7275
www.JimBoboRealEstate.com
Contact us

Mortgage Rates Reverse Course

Mortgage Rates Reverse Course

Daily Real Estate News | Friday, August 31, 2012

Mortgage rates fell across the board this week, after having inched higher the last few weeks from all-time lows, Freddie Mac reports in its weekly mortgage market survey.

Here’s a closer look at rates for the week ending Aug. 30.

  • 30-year fixed-rate mortgages: averaged 3.59 percent, with an average 0.6 point, dropping from last week’s 3.66 percent average. A year ago at this time, 30-year rates averaged 4.22 percent.
  • 15-year fixed-rate mortgages: averaged 2.86 percent, with an average 0.6 point, also down from last week’s 2.89 percent average. Last year at this time, 15-year rates averaged 3.39 percent.
  • 5-year adjustable-rate mortgages: averaged 2.78 percent, with an average 0.6 point, dropping from last week’s 2.80 percent average. Five-year ARMs averaged 2.96 percent a year ago at this time.
  • 1-year ARMs: averaged 2.63 percent, with an average 0.4 point, dropping from last week’s 2.66 percent average. A year ago, 1-year ARMs averaged 2.89 percent.

Source: Freddie Mac

Rates are still at historical lows. Home prices throughout the Charleston, SC area are still a bargain compared to the peaks during 2005-2007. It's a very good time to buy. Check out our Lowcountry Community Searches for predefined MLS searches that make home-buying simple: Residential or Commercial.

Jim Bobo, Jr., Realtor, BIC, ABR, RSPS, MBA

SC Land and Homes LLC
Call or text (843) 442-7275
www.JimBoboRealEstate.com
Contact us

West Ashley Land and Homes For Sale MLS Search

The Coburg Dairy Cow is an icon along Savannah Highway near Avondale and Byrnes Downs, two very popular neighborhoods within walking distance to shopping, dining and entertainment. Downtown Charleston is literally minutes away, and accessible by bicycle.

This website has many predefined MLS searches for the different communities of Charleston’s Lowcountry. We are happy to announce that we have added a new MLS search for West Ashley Land and Homes that makes searching for West Ashley Land and Homes For Sale listed in the MLS simple. Make sure to visit West Ashley Land and Homes Slide Show to see some colorful photos of West Ashley.  And we’re adding West Ashley Neighborhood Searches from time to time, too.

While you can still set up your optional MLS account to create custom searches, West Ashley Land and Homes has multiple predefined searches that with 1 click delivers all homes in predefined price ranges to your computer screen instantly. 1 more click will let you view those properties on a map or in a gallery style (our favorite). Hit “Save” for those properties you like – it couldn’t be any easier.

Click here to check it out.

Jim Bobo, Jr., Realtor, BIC, ABR, RSPS, MBA

SC Land and Homes LLC
Call or text (843) 442-7275
www.JimBoboRealEstate.com
Contact us