Don’t let Congress take away your Home Interest Deductions!
Right now, there is a discussion going on in Congress that could have a huge impact on your home and your wallet.
How? Congress is considering eliminating income tax deductions for our homes.
If some lawmakers in Congress have it their way, we could see big changes not only to federal income tax deductions for mortgage interest and property taxes, but also a change to the homeowner’s capital gains exemption. What that means is that current and future homeowners would pay more taxes every year!
In these tough times, we can’t afford to lose important deductions. By signing our petition and sending a letter to your representative, you can tell Congress to keep our home interest deductions intact.
Property Description Circa 1830. Grand scaled “Greek Revival” styled Charleston Single home with a wide side garden. Tall ceilings, period mantels in drawing and dining room, heart pine floors throughout. All four main rooms open nicely to the wide “double piazza”.
The recently renovated kitchen offers stone countertops, Subzero, Bosch dishwasher, and Jennair gas range. There is a charming breakfast area also overlooking the garden. The 2nd level master suite is equally grand with a “drawing room” sized bedroom, separate den/library, and nicely renovated master bath. To the rear of the 2nd level is a charming guest bedroom and full bath. Laundry on this level and access to the 2nd floor piazza from the main rooms.
Sub-Type: Single Family Detached
List Price: $1,279,000
Current Price: $1,197,000
List Price/SqFt: 355.57
Location, Tax & Legal
Tax Map #: 457-03-03-067
Street #: 14
Street Name: Gadsden
Street Suffix: Street
Zip Code: 29401
Area: 51 - Peninsula Charleston Inside of Crosstown
Utility Suppliers: Charleston Water Service; SCE & G
Proposed Financing: Cash; Conventional Loan
The third floor is also spacious and bright with two large dormer styled bedrooms and a bath in the hall. The grand garden is well-landscaped and completely walled for privacy. Off street parking for at least 3 cars, tool-shed, conveys in "as is" condition. HCF exterior only conservation easement. .25% (1/4 of 1%) of sales price of property for transfer fee to buyer. (3,120 at 1,279,000)
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