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Address:   6321 S 162 Ave    City/ST:   Omaha, NE   Zip Code:   68135  
Location:   6321 S 162 Ave, Omaha, NE 68135   Property Type:   Single Family Home   New or Resale:   Resale   
Square Footage:   1722   Bedrooms:   4   Bathrooms:   3  
MLS#   21002122   Property Tax:   3134.74  

Very lovely 4 bedroom, 3 bathroom, Two-Story in Mission Ridge. The Kitchen features white cabinets, a laminate floor, and a sliding door to the patio. The Dining Room offers a ceiling fan and window coverings. The Family Room includes a fireplace with a gas log, window coverings and a cut out for a large TV. The Master Bedroom features a vaulted ceiling, a ceiling fan, a walk-in closet plus a 3/4 Bath with double sinks and cabinet. Bedrooms two and three both have walk-in closets and ceiling fans. Bedroom four has a walk-in closet. Outside you’ll find a full wood fence, a patio, a sprinkler system and a 2 car Garage. Don't miss this one, it will go fast.

Last Updated: 2/4/2010 4:59:53 PM

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Real Estate Tips
Tax Considerations >Your Tax Free Profits

Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the "rollover" deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years of the sale of your principal residence.

With this change, a married couple filing their taxes jointly pays capital gains taxes only on that portion of home sales profits that exceeds $500,000. Single taxpayers, heads of households, and married persons filing separately may exclude up to $250,000. The exclusion is available for all sales of homes that occurred on or after May 6, 1997. Homeowners can use this tax-free provision every two years.

You are allowed to keep these tax-free profits only if you have owned and used the home as your principal residence for two out of the five years prior to the sale of the property. Although the regulations do not require continuous occupancy, the IRS specifies that your principal residence must be the home you use for the majority of time during the year. Consult your tax advisor about your personal circumstance.

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Real Estate Trivia
Q 
What little-known folk remedy is said to help keep bats away from your home?

A 
According to some rural homeowners, if you tar and feather a two-by-four board and place it in your yard, it will ward off bats!
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Bobbi's Omaha Houses Team, REALTOR®, real estate agent and broker for Omaha, Bellevue and Papillion, Nebraska home listings, property and land for sale - NUMBER1EXPERT

Bobbi's Omaha Houses Team
Prudential Ambassador Real Estate

13340 California Street
Omaha, Nebraska 68154
Direct: 402-496-7499
Office: 402-493-4663
Toll Free: 800-376-3799
Fax: 402-498-2672
Bobbi@OmahaHouses.com

If you are considering relocating, buying or selling real estate in the Omaha metropolitan area and the surrounding suburban areas of: Bellevue, Blair, Elkhorn, Ft. Calhoun, Gretna, and Papillion, you've come to the right place -- Bobbi and her Real Estate Team.


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