DC CLOUT "DC Area Real Estate Buzz"

Outstanding Property, Great Prices in Prince Georges County

Take a Look at what's for Sale In the PERRYWOOD Neighborhood in Upper Marlboro Maryland

Click Address for Property Info Property Address Price Bedrooms Baths 1506 Redhead Ct Upper Marlboro, MD 20774 $445,000 5 3.5 12713 Water Fowl Way Upper Marlboro, MD 20774 $350,000 4 2.5 1408 Barnacle Geese Ct Upper Marlboro, MD 20774 $420,000 4 2.1 1120 Blue Wing Ter Upper Marlboro, MD 20774 $260,999 2 2.5 1004 Whistling Duck Dr Upper Marlboro, MD 20774 $450,000 4 2.1 1202 Shell Duck Ct Upper Marlboro, MD 20774 $415,000 5 3.5 1223 Ting Bill Loop Upper Marlboro, MD 20774 $349,999 3 2.5 1705 Harlequin Ct Upper Marlboro, MD 20774 $660,000 4 3.5 1515 Whistling Duck Dr Upper Marlboro, MD 20774 $373,000 4 2.2 15018 Green Wing Ter Upper Marlboro, MD 20774 $325,000 3 3.5 1205 Ring Bill Loop Upper Marlboro, MD 20774 $369,900 3 3.5 13719 Maned Goose Ln Upper Marlboro, MD 20774 $345,000 3 2.5 13309 Water Fowl Way Upper Marlboro, MD 20774 $339,900 4 3.5 1106 Mandarin Dr Upper Marlboro, MD 20774 $344,999 4 3.5 1227 Blue Wing Ter Upper Marlboro, MD 20774 $259,900 3 2.1 1407 Canadien Geese Ct Upper Marlboro, MD 20774 $409,900 5 3.5 1405 Mute Ct Upper Marlboro, MD 20774 $359,900 6 3.5 12905 Water Fowl Way Upper Marlboro, MD 20774 $335,500 4 2.5 1411 Whooping Ct Upper Marlboro, MD 20774 $370,400 5 3.5 1105 Merganser Ct Upper Marlboro, MD 20774 $414,000 4 3.5 1206 Blue Wing Ter Upper Marlboro, MD 20774 $299,900 3 2.5 905 Whistling Duck Dr Upper Marlboro, MD 20774 $390,000 4 3.5 1305 Merganser Ct Upper Marlboro, MD 20774 $359,100 6 4.5 13177 Water Fowl Way Upper Marlboro, MD 20774 $285,000 4 3 1710 whistling Duck Dr Upper Marlboro, MD 20774 $299,000 3 2.1 1702 Mallard Ct Upper Marlboro, MD 20774 $550,000 4 2.5 1203 Redcrested Ct Upper Marlboro, MD 20774 $599,000 6 3.5 1142 Ring Bill Loop Upper Marlboro, MD 20774 $350,000 3 2.1 911 Andean Goose Way Upper Marlboro, MD 20774 $549,900 6 4.5 2015 Whistling Duck Dr Upper Marlboro, MD 20774 $339,000 3 3.5 1703 Tree Duck Ct Upper Marlboro, MD 20774 $670,000 6 3.5 1109 Andean goose Way Upper Marlboro, MD 20774 $449,999 5 3.5 1206 Chilean Teal Ter Upper Marlboro, MD 20774 $275,000 3 3.5 910 Andean goose Way Upper Marlboro, MD 20774 $385,000 4 2.1 2503 Baikal Loop Upper Marlboro, MD 20774 $269,000 4 3.5

Find you dream home today. It's a great time to buy, low prices, abundant supply, little or no competition, low interest rates, $8,000 first-time buyers credit.   Waiting for the bottom give me a call of drop and email and let's talk about it.. Al Matlock DC Maryland Real Estate  301/452-2278  dcrealtor@live.com  website: www.matlockrealtor.com

Obama's Foreclosure Help - the Homeowner Affordability and Stability Plan

President Obama's Homeowner Affordability and Stability Plan is designed to help between 7-9 million families avoid foreclosure by restructuring or refinancing their mortgages. The links below are the best sources for info on the specifics of the plan I have found... This is great. I see the sufferinbg up close almost daily...

Questions and Answers for Borrowers   From the The White House Briefing Room Blog

The New Housing Plan

President Obama's housing plan is expected to help as many as seven million to nine million homeowners by making it easier for them to either refinance their mortgages or renegotiate payments.  continue New York Times

Three Sample Cases   from the United States Department of Treasury

Homeowner Affordability and Stability Plan: Executive Summary - from StockMarketFunding.com

Homeowner Affordability and Stability Plan  Fact Sheet   From the United Stated Department of Treasury

Obama Administration's Home Mortgage Crisis Fact Sheet     From the Washington Post

courtesy Al Matlock Washington DC and Maryland Real Estate

The Obama Stimulus Package 2009 First Time Homebuyer Tax Credit - Answers!

Applying the Home Buyer Tax Credit to Your 2008 Return       Applying the Home Buyer Tax Credit to Your 2009 Return

Tax Credit Can Be Used on Closing Costs

Credit Details

The new Credit is an $8,000 REFUNDABLE Tax Credit (or up to 10% of the purchase price).

So if the property is $75,000, the credit is only $7,500. (Assume a property over $80,000 for the rest of the discussion).

Refundable means that if your total tax liability in the given year is less than $8,000, the IRS will send a refund for the balance.

Refundability - Why it's Important

Many taxpayers do not have tax liability that exceeds $8,000.

For example, according to the 2008 IRS Tax Tables:

A single filer would need $46,600 in taxable income to have $8,000 in tax liability.

A couple would need $58,600 in taxable income to have $8,000 in tax liability.

Those with less tax liability will in most cases get a refund meaning they get the full value of the credit.

First-Time Homebuyer Definition

Defined as someone who owned another main home at any time during the three years prior to the date of purchase.

For example, if you bought a home on January 15, 2009, you cannot take the credit for that home if you owned, or had an ownership interest in, another home at any time from January 15, 2006 through January 15, 2009.

So if the last time you owned a home was 2005, you are eligible for the credit even though it is really not your “first” home.

For married joint filers, both must meet the 1sttime homebuyer test to take the credit on a joint return.

Income Limits

This means that for singles making over $75,000 and couples making over $150,000, the credit is proportionately reduced as incomes approach $95,000 and $170,000 respectively.

So if a couple makes $165,000, the excess amount is used to create a fraction 15,000/20,000 (.75) times the credit amount. 75% or $6,000 of the credit would be disallowed.

They would still get a $2,000 credit.

The Home

The home must be located in the United States.

Vacation homes and rental properties are not eligible.

For new construction, the “purchase date” is the date you occupy the home. So the move in date must be before December 1, 2009.

Recapture-3 Year Residency

If the home is sold prior to three years of ownership, the tax credit must be repaid.

This is an improvement from the prior credit. That credit needed to be repaid in total over 15 years or the balance had to be repaid on sale.

Other Provisions

This provision is designed to prevent flipping homes in order to get the credit.

The new credit is available to residents of the District of Columbia

Purchasers who utilize state/local revenue bond financing can now use the credit.

Purchasers who bought before January 1, 2009 are still subject to the terms of the repayable credit.

When Can You Claim the Credit.

It can be claimed on your 2008 Tax Return (to be filed by April 15, 2009), an amended 2008 Tax Return, or your 2009 Tax Return.

 Who cannot take the credit

If any of the following:

Your income exceeds the phase-out range. This means joint filers with Modified Adjusted Gross Income (MAGI) of $170,000 and above and other taxpayers with MAGI of $95,000 and above.

You buy your home from a close relative. This includes your spouse, parent, grandparent, child or grandchild.

You stop using your home as your main home.

You sell your home before the end of three years.

You are a nonresident alien.

See IRS Form  5405  'First-Time Homebuyer Credit"

source NAR

Courtesy of Al Matlock Washington DC and Maryland Real Estate 

Washington DC Neighborhood Plus.. Silver Spring Maryland

Looking for a great place close in, then Silver Spring is it. At the Districts northern border it has it all dinning, shopping, movies, gyms, grocers, nightlife and it's very own Metro Stop..  If you're thinking Silver Spring contact Al Matlock Washington DC Maryland Real Estate and let him find your new home for you...  dcrealtor@live.com   www.matlockrealtor.com

Remodel Your Kitchen and Bath without Breaking the Bank

It’s not surprising that two of the most popular rooms for home makeovers are the kitchen and bathroom. When potential homebuyers are searching for homes, they generally are more attracted to homes with updated kitchens and baths. These same rooms rank high in return on remodeling investment at resale, according to Remodeling Magazine’s Cost-vs-Value 2008-09 Study.

However, both can be pricey ventures. According to the same study, the national average for minor kitchen remodel was $21,246. A sample remodel at this cost includes replacing cabinet fronts, flooring, laminate countertops and oven and cooktop; installing mid-priced sink and faucet, adding wall cover and repainting trim.

The national average for a mid-range bathroom remodel was $15,899, which included replacing fixtures, installing a porcelain-on-steel tub, new shower and ceramic tile flooring.

If you’re like many consumers today, you are more budget conscious and may not be able to afford thousands of dollars on a remodeling project. Here are some alternatives that will give your kitchen and bathroom a fresh, modern look without breaking your piggy bank.

Kitchen
Cabinets—Give your cabinets a fresh look by either refinishing or refacing the fronts at a more economical cost than buying new ones. You can even take the center face out and install a glass front.

Hardware—Replacing your cabinet knobs and drawer pulls, can give your kitchen an entirely new look.

Paint—A fresh coat of paint is always a sure bet. And it is one of the least expensive ways to give a room a makeover. To further transform the room, choose more modern hues, such as a warm yellow or deep red.

Countertops—The price of natural quartz or stone countertops can quickly eat away your kitchen remodeling budget. Less expensive, yet still attractive alternatives are solid surface materials such as Silestone® or granite and ceramic tiles. An even more affordable choice is laminate, which is easy to install yourself and comes in a variety of colors and styles.

Faucets and Sinks—Add a fresh new look by replacing your sink and faucet with a high-arched spout in an updated finish, such as brushed nickel, brushed chrome or stainless steel.

Backsplash—Another option to modernize your kitchen’s look is adding a backsplash. But rather than having ceramic tiles, consider creating a mosaic with ceramic or glass or install a faux backsplash panel.

Window treatments—Switch out older valances with options that let the natural light in.

Lighting—By adding under cabinet lights or even track lighting, you can create a dramatic look to your kitchen.

Bathroom
Paint—As with the kitchen, a new coat of paint is a low-cost way to renew a room’s look. Choose a warm color to give the room an intimate feel.

Showerheads—Change out old showerheads with a new rain showerhead.

Shower Doors – If you still use shower curtains for your bathtub, you can update the look by installing glass doors. Frameless doors are preferable. However, if the walls aren’t flush to the tub area, framed doors will still give you the modernized look you’re seeking.

Hardware—Just as with the kitchen, replacing the knobs and handles can give your vanity a fresh new appearance.

Lighting and Mirrors—In addition to the vanity, the lighting and mirrors above that area can combine to make the perfect focal piece for your bathroom. If changing the vanity is not in your budget, consider swapping out your unframed glass for a more decorative mirror and add a new lighting fixture.

You don’t have to spend thousands of dollars to add pizzazz to your kitchen or bath. Just changing one or two elements can make a huge difference in its appeal to you and a potential buyer down the road.

courtesy Al Matlock  for more useful info visit www.matlockrealtor.com

Washington DC's Logan Circle Condos for Sale (2/16/09)

Washington DC's Logan Circle Condos  for Sale  click address for property info

Property Address	Price	Bedrooms	Baths
1010 Mass Ave NW  704	$940,335	2	2
1450 Church St NW #303	$629,000	2	2
1450 Church St NW #404	$475,000	1	1
1450 Church St NW #601	$950,000	2	2.5
1450 Church St NW #C02	$405,000	1	1.5
1450 Church St NW #104	$925,000	2	2
1450 Church St NW #201	$689,000	2	2
1450 Church St NW #202	$599,000	2	2
1450 Church St NW #302	$629,000	2	2
1450 Church St NW #401	$483,000	1	1
1450 Church St NW #501	$499,000	1	1.5
1450 Church St NW #503	$649,000	2	2
1450 Church St NW #603	$1,250,000	2	2.1
1450 Church St NW #402	$639,000	2	2
1450 Church St NW #403	$639,000	2	2
1450 Church St NW #502	$649,000	2	2
1450 Church St NW #504	$449,000	1	1
1450 Church St NW #602	$990,000	2	2.5
1450 Church St NW #604	$1,125,000	2	2.5
1209 13th St NW #607	$429,000	1	1.5
1010 Mass Ave NW #1005	$539,000	1	1
1125 12th St NW #5	$134,900	1	1
1133 14th St NW #511	$395,000	1	1
1300 N St NW #21	$419,000	1	1

27 Logan Circle #7	$799,900	2	2.5
1515 15th  St NW #224	$826,900	2	2.5
1515 15th  St NW #205	$453,900	1	1.5
1215 10th St NW #1	$242,900	0	1
1215 10th St NW #32	$398,900	2	1
1317 R I  Ave NW  #104	$399,900	2	1
1715 15th St NW #5	$1,295,000	2	2
1125 12th St NW #62	$195,000	1	1
1001 L St NW #804	$549,999	2	2
1124 10th St NW #2A	$739,000	2	2
1117 10th St NW #411	$532,000	2	1
1300 13th St NW #703	$544,500	2	2
1420 N St NW #604	$264,500	1	1
1316 12th St NW #4	$729,900	2	2.5
910 M St NW #1104	$429,000	1	1
1617 12th St NW #4	$699,000	3	2
1441 R I Ave NW #113	$799,000	3	2
1010 Mass Ave NW #1001	$854,000	2	2
1010 Mass Ave NW #1210	$917,000	2	2
1010 Mass Ave NW #1003	$575,000	1	1
1010 Mass Ave NW #1002	$664,000	1	2
1125 11th St NW #101	$639,900	2	2
1125 11th St NW #304	$399,900	1	1.5
1125 11th St NW #ph8002	$899,900	2	2.5
1441 R I Ave NW #308	$410,000	1	1

1117 10th St NW #W-8	$799,900	2	2
1300 N St NW #705	$499,900	2	2
935 M St NW #1	$499,500	2	2
1300 N St NW #119	$315,000	1	1
1001 L St NW #706	$384,900	2	1
1125 12th St NW #42	$199,999	1	1
1300 13th St NW #906	$599,000	2	2
1125 12th St NW #21	$156,900	1	1
1125 12th St NW #34	$205,000	1	1
1213 N St NW #A	$733,500	2	2.5
1125 12th St NW #54	$200,000	1	1
1715 15th St NW #33	$625,000	2	2
1316 12th St NW #5	$697,000	2	2.5
1618 11th St NW #201	$459,746	2	2
1316 12th St NW #2	$329,900	1	1
1618 11th St NW #T103	$275,750	1	1
1618 11th St NW #T101	$299,744	1	1
1125 12th St NW #2	$149,900	1	1
1125 12th St NW #83	$163,900	1	1
1125 12th St NW #44	$200,000	1	1
1117 10th St NW #906	$478,500	1	1
1010 Mass Ave NW #904	$979,900	2	2
1335 Riggs St NW	$450,000	4	2
1330 Mass Ave NW #612	$420,000	2	1
1515 15th St NW #220	$539,900	1	1.5
1101 L St NW #201	$280,000	1	1

1515 15th St NW #607	$1,875,000	2	2
1515 15th St NW #212	$689,900	1	1.5
1515 15th St NW #429	$984,900	2	2.5
1117 10th St NW #708	$459,000	1	1
1514 12th St NW #3	$549,000	2	2.5
1300 13th At NW #108	$524,950	2	2
1117 10th St NW #709	$369,000	1	1
1125 11th St NW #801	$1,100,000	2	2
1715 15th St NW #36	$569,900	2	2
1217 10th St NW #C	$998,900	3	3
1741 Johnson Ave NW #205	$599,000	2	2
1441 R I Ave NW #512	$530,000	2	1
1300 N St NW #618	$365,000	1	1
1117 10th St NW #W-2	$759,000	2	2
1006 M St NW #201	$499,900	2	2
1117 10th St NW #807	$219,900	0	1
1618 11th St NW #202	$539,162	2	2
1440 N St NW #404	$199,900	0	1
1320 13th St NW #2	$400,000	2	2
1400 Church St NW #410	$499,900	1	1
1133 14th St NW #408	$649,000	2	2
1715 15th St NW #43	$465,000	2	1
1715 15th St NW #D	$625,000	2	1
1224 R St NW #2	$849,900	3	2.5
1440 Church St NW #603	$899,000	2	2

1210 R St NW #209	$819,000	3	2
1330 Mass Ave NW #420	$279,950	1	1
1621 12th St NW #2	$1,195,000	2	2.5
1115 12th St NW #104	$299,900	1	1
910 M St NW #126	$434,900	1	1.5
910 M St NW #903	$449,900	1	1.5
1300 13th St NW #104	$399,000	1	1
1440 N St NW #808	$190,000	0	1
1326 Vermont Ave NW #6	$600,000	2	2
1239 Vermont Ave NW #510	$269,555	1	1
1441 R I Ave NW #407	$437,500	1	1
1441 S St NW #1	$765,000	2	2
1529 14th St NW #303	$489,000	1	2
1737 Johnson Ave NW #A	$1,495,000	3	2
910 M St NW #806	$435,000	1	1
1125 12th St NW #45	$149,900	1	1
910 M St NW #706	$429,900	1	1
1111 11th St NW #105	$469.500	2	2
1101 L St NW #705	$149,000	0	1
1125 11th St NW #504	$485,900	1	1.5

data source MRIS

courtesy of DC's Condo Guy

Washington DC's Columbia Heights Condos For Sale (2/16/09)

Washington DC's Columbia Heights Condos for Sale   click address for property info    Property Address Asking Price Bedrooms Baths 1438 Columbia Rd NW #203 $314,990 1 1 1440 Columbia Rd NW #104 $457,250 2 2 1440 Columbia Rd NW #303 $169,500 0 1 1423 Newton St NW #204 $419,900 2 1 1390 Kenyon St NW #516 $453,000 1 1 1390 Kenyon St NW #518 $373,000 1 1 1458 Columbia Rd NW #108 $313,900 2 2 1458 Columbia Rd NW #110 $361,200 2 1 1390 Kenyon St NW #326 $495,000 1 2 1423 Newton St NW #202 $349,900 1 1 1423 Newton St NW #304 $429,900 2 1 1354 Euclid St NW #202A $524,500 2 2 1458 Fairmont St NW #2 $375,000 2 1 1390 Kenyon St NW #201 $537,000 2 2 2750 14th St NW #402 $415,000 2 1 1354 Euclid St NW #303A $474,500 2 2 2639 15th St NW #205 $299,500 1 1 2639 15th St NW #202 $199,500 0 1 2639 15th St NW #304 $349,500 1 1 2639 15th St NW #301 $349,500 1 1 1358 Monroe St NW #A $540,000 2 2 1337 Harvard St NW #0 $350,000 2 2 2639 15th St NW #106 $299,500 1 1 3512 New Hampshire Ave NW #1 $489,900 2 2.5 3512 New Hampshire Ave NW #2 $499,900 2 2.5 1433 Clifton St NW #2 $469,000 2 1 1433 Clifton St NW #1 $545,000 2 1 1354 Euclid St NW #203A $448,500 2 2 1326 Girard St NW #CH $549,000 1 2 1420 Harvard St NW #405 $288,000 2 1 1495 Newton St NW #204 $299,900 2 1 1427 Clifton St NW #2 $599,000 2 2 2750 14th St NW #209 $457,682 2 2 1421 Columbia Rd NW #B2 $193,000 1 1 1221 Harvard St NW #1 $673,320 2 2.5 1221 Harvard St NW #2 $724,523 2 2.5 2656 15th St NW #C-1 $399,900 2 1 1495 Newton St NW B102 $219,900 1 1 1354 Euclid St NW #403A $674,500 2 2.5 1354 Euclid St NW #402B $378,500 2 2 783 Irving St NW #2 $429,000 2 2.5 1438 Columbia Rd NW #203 $314,900 1 1 1519 Park Rd NW #303 $319,000 2 1 2920 Sherman Ave NW #3-1 $410,000 2 2 1309 Fairmont St NW #A $649,000 3 2.5 1309 Fairmont St NW #B $729,000 3 2.5 2535 13th St NW #105 $539,900 2 2 1126 Columbia Rd NW #ph4 $549,000 2 2.5 1126 Columbia Rd NW #1 $449,000 2 2 1126 Columbia Rd NW #2 $419,000 2 2 1126 Columbia Rd NW #3 $439,000 2 2 1390 Kenyon St NW #801 $699,000 2 2 2639 15th St NW #302 $209,500 0 1 1454 Newton St NW #101 $299,997 2 2 1001 Otis St NW $549,000 2 2.5 3534 10th St NW #130 $164,900 0 1 3534 10th St NW #200 $249,900 1 1 3534 10th St NW #210 $264,900 1 1 3534 10th St NW #240 $234,900 1 1 3534 10th St NW #250 $234,900 1 1 3534 10th St NW #220 $262,900 1 1 3534 10th St NW #230 $174,900 0 1 1366 Monroe St NW #A $529,000 2 2 2639 15th St NW #105 $299,500 1 1 2639 15th St NW #305 $309,500 1 1 1457 Park Rd NW #509 $149,000 0 1 1423 Newton St NW #101 $379,000 2 1 1457 Park Rd NW #204 $149,900 0 1 1457 Park Rd NW #410 $169,900 1 1 1390 Kenyon St NW #319 $360,000 1 1 2543 13th St NW #2 $649,000 2 3         data source MRIS Courtesy of DC's Condo Guy

 

 

President Obama Stimulus Package First Time Homebuyer Tax Credit

UPDATE: First Time Homebuyer Tax Credit -Answers!

Homebuyer Tax Credit – The bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009.  The credit does not require repayment.  Most of the mechanics of the credit will be the same as under the 2008 rules:  the credit will be claimed on a tax return to reduce the purchaser's income tax liability.  If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser.

First look at Proposes Obama Stimulus Package. source: realtor.org

courtesy of Al Matlock DC Realtor   al@wdc411.com   301/543-2278 

January 2009 Home Sales Statistics for Washington DC

Washington DC  Home Sales Statistics are in for January  2009. Here's a brief snippet- more details coming.....  The 1st numbers are for 2008/2nd number for 2007/3rd change percentage 

Average. sold price $495,380 - $556,511  (-10.98%)
Total Units Sold - 253 - 318  (- 20.44%)
Of that  253,  98  were condos/coop
Average sold price Condos - NA

Avg. Days on Market  112 - 87   (28.74)

For Washington DC Home Sales Statistics by zip code click here  Also compare stats for 2007, 2006, 2005

source Mris

January 2009 Home Sales Statistic for Montgomery County

Montgomery County Home Sale statistics are in for January 2009. Here's a brief snippet- more details coming.....  The 1st numbers are for 2008/2nd number for 2007/3rd change percentage

Average. sold price $421,840 - $494,623    (-14.72%)
Total Units Sold - 387- 425 (-8.94%)
Of that 387, 86 were condos
Average sold price Condos - NA

Avg. Days on Market - 120 - 120  (0.00%)

Compare 2007/2006/2005  Real Estate Statistics for Montgomery County Maryland and Washington DC click here

source mris

courtesy Al Matlock real estate professional Washington DC and Maryland - Realtor