Springfield, IL Real Estate Blog: Stephen J. Klemm
Here I will post various topics about Springfield, Illinois real estate, things going on in the industry, as well as new listings and featured properties.
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Time running out for first time buyer Tax Credit! |
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Written by Steve Klemm
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Tuesday, 04 August 2009 11:12 |
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As you probably already know, there is a first-time home buyer tax credit out there for qualified home purchases in 2009. This is not a tax deduction, but rather a pure tax credit - you are credited the $8,000 (or less depending on the price of the home) after you calculate the taxes owed or the tax refund to which you are entitled.
This tax credit:
- Is for 10% of the purchase price up to $8,000
- Only available to first time home buyers (those that have not owned a home in the last three years)
- Does not have to be repaid (must stay in home minimum of 3 years)
- Income limits of $75,000 for individual taxpayers, $150,000 for married taxpayers (partial credits are available)
- Expires Dec. 1, 2009 - meaning you must CLOSE on the home by November 30, 2009
- Allows tax credit home buyers to participate in the mortgage revenue bond program (in Illinois, this is referred to as the I-Loan program)
More information on the first-time home buyer tax credit can be found at www.federalhousingtaxcredit.com. Please call me with any questions about this tax credit at 341-5274.
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SOLD IN 3 DAYS!!! 2008 North 7th in Springfield |
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Written by Steve Klemm
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Tuesday, 21 July 2009 12:26 |
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SOLD!! This was a wonderful home well-cared for by the owners for over 51 years! Features new carpet upstairs and in main level BR, new kitchen countertop and S/S sink, freshly painted walls, refinished woodwork, arched walkways, lg master suite w/ bonus room, 2.5 car det garage, updated furnace & A/C (replaced w/in last 10 yrs), alarm system, gas FP, and full bsmt perfect for storage or rec area. Just 3 blocks from Lincoln Park!
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SOLD! 3327 Kimberly in Springfield! |
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Written by Steve Klemm
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Tuesday, 14 July 2009 11:28 |
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Great ranch home on quiet street in Westchester! Features 3 good-sized bedrooms, new carpet, new ceramic tile, freshly-painted walls throughout, new roof in 07, 2 car garage, 28x6 covered front porch, large deck overlooking fenced bkyd, gas FP in fam room w/ built-in bookcases, main flr laundry, partially finished basement w/ extra fam room and poss 4th BR (no wndw), new sump pump in 02, and great neighbors! SOLD!!!
Call me at 341-5274 or email me at
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
for more information on this home.
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Last Updated on Thursday, 10 September 2009 18:22 |
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SOLD IN 8 DAYS! - 3548 Benbrook |
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Written by Steve Klemm
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Thursday, 14 May 2009 00:00 |
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SOLD!!! I have a new home that was just listed today on 3548 Benbrook in Springfield! Nothing to do but move into this well-maintained 4 BR, 2.5 BA home in Happy Landing! Great curb appeal, large covered porch, beautiful wall colors throughout, hardwood floors in two-story foyer, bright open kitchen, new granite countertops on the way, wonderful view overlooking fenced backyard & lakes, huge 3.5 car garage, clean basement w/ egress windows ready to be finished. Great price on a quality home in this quiet west-end neighborhood!
Call me at 341-5274 for more information! Virtual tour at www.3548Benbrook.com
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Last Updated on Friday, 22 May 2009 14:49 |
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Written by Steve Klemm
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Tuesday, 14 April 2009 17:23 |
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MARCH: The Capital Area Association of Realtors preliminary home sale statistics for Mar of ‘09 reveal a 13.4% increase in residential transactions with 288 sold and closed as compared to 254 in ‘08. The average sale price of an existing single family home in Mar of ‘09 was $126,500 reflecting a 1.9% decrease from the Mar ‘08 price of $128,900. The median sale price in Mar ‘09 of $115,750 reflects an increase of 9.4% over the $105,750 median sale price in Mar ‘08. Sale pendings in Mar ‘09 were 404 reflecting a 1.2% decrease from the 409 sale pendings in Mar ‘08. Listings were down 11.8% with 463 new listings in Mar ‘09 as compared to 525 in Mar ‘08. Total dollar volume of homes sold in Mar ‘09 of $36.4 million yielded a 11.3% increase over Mar ‘08 dollar volume of $32.7 million.
YTD THROUGH MARCH ‘09: There were 648 home sales YTD through Mar ‘09, reflecting a 3.3% decrease from the 670 home sales through YTD Mar ‘08. For YTD through Mar ‘09 the average sale price was $121,200 reflecting a 1.4% decrease from the YTD through Mar ‘08 price of $122,800. The total dollar volume of property sold YTD through Mar ‘09 of $78.5 million, reflected a 4.6% decrease from the YTD through Mar ‘08 dollar volume of $82.3 million.
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Last Updated on Wednesday, 15 April 2009 10:24 |
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