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Feature Home - Cumberland Creek

$149,500

Photo of 2302 Loren Springs Ct SW, Marietta, GA, 30008.

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Address: 2302 Loren Springs Ct SW	City/ST: Marietta, GA	Zip Code: 30008
Location: Marietta, Georgia	Property Type: Single Family Home	New or Resale: Resale
Bedrooms: 3	Bathrooms: 2	MLS# 4013574

THIS HOME SHOWS PRIDE IN OWNERSHIP! 3 BIG BDRMS, 2 FULL BATHS, 2 YR OLD ROOF, GUTTERS & PAINT! NEW TILE IN KIT & BOTH BATHS! NEW C'TOPS IN KIT! NEW GRANITE IN MASTER BATH! NEW CARPET THRUOUT HOME! BKYD IS A GARDENER'S DREAM! GREAT BACK DECK! POND W/RUNNING WATER! COME SEE IT!

Last Updated: 4/21/2010 10:58:18 AM

Listing Agent and Office: RE/MAX UNLIMITED, RE/MAX UNLIMITED

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Tax Considerations >New 1031 Exchange Rules

One of the most popular "tax deferring" strategies for real estate owners who are selling one property and acquiring another is the use of Section 1031 of the Internal Revenue Code. It is an effective way to defer paying income tax on capital gain generated by the sale of a property when you intend to reinvest the proceeds in a similar, "like-kind" property. Almost any kind of real property is considered "like-kind" with any other real property.

A recently enacted law closes what was considered a loophole in the Section 1031 rules. In some cases, owners of investment real estate have used the 1031 Exchange to swap their investment property for real estate that could be readily converted to an owner-occupied residential property. After the exchange, they made the property into their principal residence, lived in it for a couple of years, then sold it. Now the American Job Creation Act of 2004 has ruled that properties converted from a 1031 exchange property into a residence must be held and used as a principal residence for at least five years to qualify for the tax exemption. Otherwise, the basic tax-deferring benefits of 1031 exchanges remain the same.

Consult your tax advisor for more detailed information.

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Q	Where is the world's largest mud building?
A	The Grand Mosque in west Africa measures 328 feet long and 131 feet wide, and has been carefully maintained for centuries by local craftsmen, especially during the rainy season.
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Your Results That Move Team, REALTOR�, real estate agent and broker for Acworth, Dallas and Kennesaw, Georgia home listings, property and land for sale - NUMBER1EXPERT

Your Results That Move Team
Judi Wilcher of RE/MAX Unlimited
5205 Stilesboro Road
Kennesaw, GA 30152
Direct: 404-316-2152
Office: 770-419-1986
Fax: 770-218-0018
Email: JudiWilcher@NUMBER1EXPERT.com
Buying and selling real estate has never been so stress-free! We enjoy what we do and our enthusiasm is contagious. For some agents, it's about challenge; for others, it's about money. For us, it's about making dreams come true. The excitement we feel from helping our buyers find that perfect home or negotiating the best terms and price for our seller is invigorating. The secret to our success? We offer old fashioned service. We listen, we know the market, and we provide the latest in today�s technology so you can relax and enjoy your home buying or selling experience. Combining Today's Technology with Old Fashioned Service for Results that Move!

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