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<Back to Page 1			Property 4 of 6 Selections

310-312 22nd Ave. SW

$177,900

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Address: 310-312 22nd Ave. SW	City/ST: Albany, OR	Zip Code: 97322
Location: Albany, OR	Property Type: Duplex	New or Resale: Resale
Square Footage: 1920	Bedrooms: 4	Bathrooms: 2
MLS# 624875	Property Tax: 2570	Monthly Rent Estimate: $1,250

Recent energy efficient updates including windows, floor & ceiling insulation. #312 recently remodeled with updated bathroom & kitchen. Solid rental history, quiet residential neighborhood, newer roof in 2002. One owner since 1978. Possible owner financing.

Last Updated: 3/23/2010 2:54:17 PM

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Tax Considerations >Tax Breaks

      Most homeowners are keenly aware of the interest tax deduction on their home loan, but there are many other tax breaks which are often overlooked at income tax time. Pro-rated property taxes and mortgage interest in the year of sale are deductible. You will find these amounts listed on your closing settlement statement. If you paid off your mortgage and had to pay a pre-payment penalty, it qualifies as tax deductible interest. If you paid an "acquisition mortgage loan fee" on a home loan, this fee can be deducted as itemized interest. Home improvement loan fees are also deductible. Any remaining loan fees from re-financed or paid-off mortgages are fully deductible at the time of the mortgage payoff.
      Certain items don't qualify as deductions, but can be added to the cost basis of your home, such as transfer taxes, recording and title fees, and special local property tax assessments for new sidewalks, streets, or sewers.
      Don't be intimidated by the tax code! A little research or consultation with an expert can help you maximize your real estate tax advantages.

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Q	What is the world's most valuable piece of furniture?
A	The 18th century Italian Badmiton Cabinet owned by the Duke of Beaufort sold in 1990 at Christie's, London for $15.1 million dollars.
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Gary Irwin, REALTOR�, real estate agent and broker for Corvallis, Philomath and Albany, Oregon home listings, property and land for sale - NUMBER1EXPERT

Gary Irwin
Investment Realty
504 NW 3rd St
Corvallis, OR 97330
541-231-9616
Fax: 541-752-8330
garyirwin@NUMBER1EXPERT.com

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