by Lise Knouse on February 25, 2010
Santa Fe’s Eastside contains many diverse neighborhoods from the quaint to the spectacular, from the downtown barrio, walking distance to Santa Fe’s famous Plaza, to the wooded mountain hideaway. One charming mountain neighborhood, five minutes from downtown, is Hyde Park Estates.
This is a well-established community, begun in the 1970′s, where neighbors demonstrate pride of ownership in their community. Most of the homes in Hyde Park Estates are owner occupied. The community has a private well water system with city water as back-up. And, this neighborhood was planned to have only one entrance and exit to deter any potential crime.
You will often see neighbors outside walking their dogs, enjoying our pristine mountain air and spectacular views. And, there are many places to walk or hike. Hyde Park Estates has direct access to the National Forest. Many hiking trails in the community lead into the National Forest.
One of the nicest aspects of Hyde Park Estates is its location. It is a short drive to downtown Santaf Fe and a short drive to the Santa Fe Ski Basin. Residents have easy access to skiing as well as the many cultural events and restaurants that Santa Fe offers. Even better, the world famous Japanese Spa, Ten Thousand Waves, is directly across Hyde Park Road from Hyde Park Estates. Some residents can easily walk over there for a massage or a soak in one of their soothing hot tubs.
by Lise Knouse on November 23, 2009
If you are thinking of buying a home in the next few months, this is a very good time to take action!. Aside from the fact that inventory is large and prices have come down substantially, the government is offering tax credits to first time home buyers and to repeat home buyers who have owned and lived in their previous home for 5 out of the last eight years. Below are the salient points.
First time Home Buyer Tax Credit – $8,000.
-This is for first-time home buyers only. The IRS defines first-time home buyer as someone who has not owned a principal residence during the three year period prior to the purchase.
-The tax credit does not have to be repaid
-The tax credit is equal to 10% of the home’s purchase price up to a maximum of $8,000.
-The tax credit applies only to homes priced at $800,000 or less.
-The tax credit applies now to sales occurring 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.
-For homes purchases on or after January 1, 2010 and on or before November 6, 2009, the income limits are $75,000 for a single taxpayer and $150,000 for married couples filing jointly.
-For homes purchased after November 6, 2009 and on or before April 30, 2010, the income limits are $125,000 for single taxpayers and $225,000 for married couples filing jointly.
Repeat Home Buyer tax Credit – $6,500.
-Buyers must have owned and lived in their previous home for 5 consecutive years out of the last 8 years.
-The tax credit does not have to be repaid
-The tax credit is equal to 10% of the home’s purchase price up to a maximum of $6,500.
-The tax credit applies only to homes priced at $800,000 or less
-The tax credit is available for homes purchased after November 6, 2009 and on or before April 30, 2010. Where there is a binding sales contract by April 30, 2010, the home purchase qualifies provided it is completed by June 30, 2010
-Single taxpayers with incomes up to $125,000 and married couples, filing jointly, with incomes up to $225,000 qualify for the full tax credit.
As always, if you or any of your friends or family are ready to buy or sell a home, don’t hesitate to give me a call. I am here to serve you!
