PRICE REDUCTION!

Backs to Garrett State Forest! 15.43 acres with a ~30×60 pole building in coveted Youghiogheny Mountain Resort. Community has over 2,400 acres and over 50 miles of ATV, snowmobile and hiking trails. Private access, mostly wooded but not too remote – 4G cell service at property. Electric close by. Plenty of storage for all of your outdoor vehicles, campers, etc. The perfect getaway!

Birchwood Drive Price Reduction Social Media

 

New listing! 190 Morning Glory – GA8347218 – $469,000 – 5BR chalet + views

The mountain escape you’ve been waiting for! Newer log home & vacation rental ‘Chalet on the Hill’ boasts amazing 270 degree views of the surrounding mountains, Deep Creek Lake State Park, Meadow Mountain and several working farms of Garrett County. Inside, enjoy modern finishes spanning 2 living areas, loft, 5BR, log beams & more. Enjoy the great outdoors from the hottub or covered porch! More here.
This property is for rent! Click here for details!
Listing Information
Property Type: Vacation Home
5 3 Full/1 Half
65,776 Sq. Ft. 2,576 (approx) 2012
3
NORTH GLADE MEADOWS
Well
Septic
School Information
CALL SCHOOL BOARD
Room Information
Bathrooms
3 1
Kit-Dining Combo, Kit-Living Combo, Eat-In Kitchen, Other
Interior Features
 Propane, Other, Forced Air, Other
Full, Fully Finished, Improved, Heated
 1
 Other, None
Exterior / Lot Features
 Deck, Spa
 Drvwy/Off Str
Wood, Stone, Log
None
Shows Well
 Deck, Porch-wraparound, Backs to Trees, Open, Private

Buyer Client Info – Federal Housing Tax Credit

Here is some clear, concise info regarding the Federal Housing Tax credit. Keep in mind, you are on the clock: Contract by April 30, 2010, close by June 30, 2010:

http://www.federalhousingtaxcredit.com/key_info.php

Key Information

Following are key points that prospective home buyers should be aware of when considering a home purchase under the tax credit program.
•A tax credit of up to $8,000 is available for first-time home buyers purchasing on or after January 1, 2009 and on or before April 30, 2010. In cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
•A tax credit of up to $6,500 is available for repeat home buyers who have owned a home for five consecutive years out of the prior eight years. The repeat home buyer tax credit applies to houses sold after November 6, 2009 and on or before April 30, 2010. In cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
•Income limits of $125,000 for individuals and $225,000 for married couples filing jointly apply to all sales occurring after Nov. 6, 2009.
•The income limits for sales occurring on or after January 1, 2009 and on or before November 6, 2009 are $75,000 for individual taxpayers and $150,000 for married couples filing jointly.
•Homes priced above $800,000 are not eligible for either the first-time home buyer tax credit or the repeat home buyer tax credit.
•Expanded tax credit benefits apply to members of the military, the foreign service and the intelligence community.
•Home purchases in 2010 may be claimed on an amended 2009 income tax return.
•Persons who are claimed as dependents by a taxpayer or who are under age 18 do not qualify for a tax credit.
•Home purchases from relatives of the taxpayer or the taxpayer’s spouse do not qualify for the tax credit. The IRS defines relatives as ancestors (parent, grandparent, etc.), lineal descendants (child, grandchildren, etc.) and spouses.
•Married couples are not eligible to claim the first-time home buyer tax credit if either spouse has previously owned a home. They may, however, qualify for the repeat home buyer tax credit.
•Neither the first-time home buyer tax credit nor the repeat home buyer tax credit have to be repaid unless the home is sold or ceases to be used as the buyer’s principal residence within three years after the initial purchase.
•Taxpayers must submit a copy of the HUD-1 settlement statement and IRS Form 5405 to claim either the first-time home buyer tax credit or the repeat home buyer tax credit.

If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Long & Foster Real Estate for all of your real estate needs! 877-563-5350