Vinings Real Estate Sites

Atlanta Townhomes and Condos

Vinings Real Estate for Sale, Atlanta Real Estate for sale, Vinings Condos, Vinings townhomes, Atlanta Condos, Atlanta Townhomes, Atlanta Real Estate, Atlanta Homes for Sale, Vinings Homes for Sale, Smyrna Real Estate, Smyrna Homes for Sale, Smyrna Townhomes

 

Home & Community Reviews

Townhouse, Condominiums, Single Family

Atlanta Vinings Real Estate

 

Wednesday
30Dec2009

Vinings Townhome - Hot Deal

Every now and then, real opportunities present themselves and with the current tax credit of $8,000 for new home buyers and $6,500 for existing home owners looking to purchase, the time to get off the fence is now.  In addition, many mortgage companies are offering programs that allow you to use the tax credit in 2010 towards your down payment.  Buyers have until April 15th to sign a contract and July 1st to actually close.

Combined with the recent drop in real estate prices, there are some great deals on townhomes out there.  One such recent listing is in Chattahoochee Bluffs where townhomes were selling for $350,000 just a few years back.  A fully upgraded townhome just hit the market for $289,900 and features hardwood floors, granite counter tops, stainless steel appliances and much more.  The home can be viewed at http://www.AtlantaTownhomes.info


Find more photos like this on Atlanta Townhomes And Condos

One of the most attractive aspects of Chattahoochee Bluffs is the fact that the community is in the 30339 zip code just inside the perimeter with Atlanta address but Cobb County taxes vs. Fulton County.  Plus, there is no City taxes creating a very unique low tax area.  The community is surrounded by hiking trails and protected park lands making it an ideal intown residence.

The Vinings area (not Smyrna or Smyninings) is actually very small and high in demand as there are very few communities in this small enclave.  Home prices have rebounded recently and been steadily marching north since September.

If your goal is to stay inside the perimeter but want to avoid Fulton county taxes or the confines of a small condo, at under $300,000, Chattahoochee Bluffs is by far the best deal out there.



Monday
28Dec2009

$8,000 Tax Credit Extends to April 30th

$8,000 Tax Credit for New Home Buyers and $6,500 tax credit for exisiting home owners. 

New Home Buyers can use their $8,000 tax credit towards their down payment!

 

Following Congress approval, President Obama has signed off on the bill approving an extension of the $8,000 new home buyer tax credit until April 30th 2010. Also, the new provisions in the extension are NOT retroactive. Here is a summary of the new and updated provisions and their impact on you if you have or are planning to buy a house:

- Qualification Time Period : First-time home buyers who bought after January 1, 2009 and before April 1 2010 (with closing to take place before July 1), would get the $8,000 home buyer tax credit. For the purposes of claiming the tax credit, the purchase date is the date when closing occurs and the title to the property transfers to the home owner. This is an update from the original November 30th 2009 deadline.

- Income qualification limits: The home buyers’ credit would be available to individuals with a modified adjusted gross income (MAGI) of up to $125,000, or $250,000 for couples, up from $75,000 for individuals and $150,000 for couples under the original rules. The higher income limits are only for homes purchased after Nov. 6, 2009. That is, the existing MAGI phase-outs of $75,000 to $95,000 or $150,000 to $170,000 for joint filers still apply to purchases on or before Nov. 6, 2009.

- *NEW* Current Homeowners looking for a replacement primary residence could also qualify for a $6,500 (up to $3,250 for a married individual filing separately). They must have lived in the same principal residence for any five-consecutive year period during the eight-year period that ended on the date the replacement home is purchased. This new provision also only applies to homes purchased after Nov. 6th 2009.

Claiming the new home buyer credit: Unless you have already claimed it, the credit can now only be claimed when filing next year’s tax return (in 2010). For qualifying purchases in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 return. A new version of Form 5405, First-Time Home buyer Credit, will be available on the IRS website in the next few weeks (I’ll provide a link to this when available). A taxpayer who purchases a home after Nov. 6 must use this new version of the form to claim the credit. Likewise, taxpayers claiming the credit on their 2009 returns, no matter when the house was purchased, must also use the new version of Form 5405. Taxpayers who claim the credit on their 2009 tax return will not be able to file electronically but instead will need to file a paper return. A taxpayer who purchased a home on or before Nov. 6 and chooses to claim the credit on an original or amended 2008 return may continue to use the current version of Form 5405.

If you and your spouse claim the credit on a joint return (both of you must meet the income and past ownership criteria to qualify), each spouse is treated as having been allowed half of the credit for purposes of repaying the credit. So the total amount claimable is still only $8000 (up to April 30th 2010).

- The new $8000 credit can be used towards the down payment of a house bought in the credit qualifying period. You need to work with your lender to take advantage of this provision.

- Tax Credit Exclusions: Homes that cost more than $800,000 aren’t eligible for the credit and you must be over 18 years old to claim the credit. Those who sell their new home or stop using it as their main residence within three years would have to repay the credit. You cannot claim the credit if acquired your home by gift or inheritance OR if you acquired your home from a related person

- If two or more unmarried individuals buy a main home, they can allocate the credit among the individual owners using any reasonable method. The total amount allocated cannot exceed the smaller of $8,000 or 10% of the purchase price. Note: A reasonable method is any method that does not allocate all or a part of the credit to a co-owner who is not eligible to claim that part of the credit (I would go with 50/50 as a reasonable method if one person is not eligible for the credit)

- The purchase date is how you decide which credit you are eligible for. Only homes purchased from Jan 1 2009 to April 1st 2010 are eligible for the fully refundable $8000 credit. If you constructed your main home, you are treated as having purchased it on the date you first occupied it.

- Foreign or Overseas Homes: You are considered a first time home buyer when buying an American residence, even if you owned principal residence outside of the United States within the previous three years. Non-resident alien’s cannot claim the credit.

Read More Here

Sunday
18Nov2007

The Timbers of Vinings

The Timbers of Vinings at cool in a sort of funky way.

And I mean this with all the best intentions, the Timbers at Vinings are a townhome, townhouse, condo or condominium styled community (not quite sure) built about in the 70s - I think. It has been about five years since I was last in one.

Click to read more ...

Saturday
17Nov2007

James Creek Townhomes

James Creek townhomes in Historic Vinings is something of a surprise.

There are three quality levels of townhomes being built around Atlanta now. The first level comprises of what you might say is a “traditional” town house design typical of the 1970’s, 80’s and early 90’s. This “traditional” design consisted of 8-foot ceilings, 1,500 to 1,800 square feet of living space and built of the cheapest possible materials. This “traditional” style is rarely built close to the city anymore and you tend to only find them further out in the suburbs as entry-level homes by entry-level builders.

Click to read more ...

Saturday
17Nov2007

Vinings Central

Vinings Central is not exactly in central Vinings, but more towards the furthest possible southern tip. Located near the intersection of I-285 and Atlanta Rd., this community sits on 21 acres of forested property and easy highway access.

Click to read more ...

Saturday
17Nov2007

The Heights at Spring Road Condos

The Heights at Spring Rd. is a multi-unit condominium complex built in 1999 and 2000 respectively. Located on Spring Rd., just outside I-285 in Smyrna, The Heights at Spring Road is in an area that is aggressively growing with new construction.

Click to read more ...

Saturday
17Nov2007

Oakley Downs

Oakley Downs Townhomes in Vinings and Smyrna are probably one of the coolest townhouse communities around Vinings.  Although I would classify Oakley Downs as being very much in Smyrna, this community definitely deserves to be written about.  Of course, with all of Vinings communities, there is both bad to go along with the good, but for now, we will focus on the good.

Click to read more ...

Saturday
17Nov2007

Essex House Condos

Essex House Condos in downtown Historic Vinings are a personal favorite of my mine. If you are ones of those naysayers who complain about the quality of modern construction, you need to check out Essex House Condominiums.

Click to read more ...

Saturday
17Nov2007

Chattahoochee Chase

Chattahoochee Chase Townhomes are well known. You probably do not recognize the name, but you have seen them hundreds of times. As you pass over the Chattahoochee River on I-285, they are positioned right on the rivers banks opposite from Ray’s on the River. If you have looked for a townhome in the 30339 or 30080 zip code, this is probably one community will want to check out.

Click to read more ...

Saturday
17Nov2007

Creatwood at Vinings Townhomes

Home Review coming soon……..

Click to read more ...

Saturday
17Nov2007

Vinings Vineyard

Vinings Vineyard Condominiums Bring Luxury Living to Vinings.

Click to read more ...

Saturday
17Nov2007

Stonewall Townhomes

Stonewall Townhomes are located more less right above historic Vinings and behind Cumberland mall.

Click to read more ...

Saturday
17Nov2007

Mosaic at Vinings Townhomes

Mosaic at Vinings is a perfect example of why Atlanta Townhomes have become so popular.

Mosaic at Vinings Townhomes are located on Spring Rd in the Smyrna/Vinings areas about 2 miles outside of I-285. Starting in the mid $250s, Mosaic at Vinings represents probably one of the most affordable Atlanta Townhome offerings along the perimeter.

Click to read more ...

Saturday
17Nov2007

Vinings View Condos

The owners who live in Vinings View Condominiums are probably elated at this point.

For years, Vinings View has been sort of tucked away on some bluffs overlooking Historic Vinings. Although they are within walking distances of the historic district, nobody ever knew they were there. Most still don’t.

Click to read more ...

Saturday
17Nov2007

Oakdale Bluffs

While Oakdale Bluffs is well outside the Vinings area, however this particular community has caught the interest of home buyers. Currently under construction by Ashton Woods, Oakdale Bluffs features floorplans popular among two other Vinings area communities with one notable addition. The builder has allowed for an upgrade that extends the back bedroom outward and hence, the mid-level as well which creates a sunroom.

Click to read more ...

Saturday
17Nov2007

Paces Mill Condos

Paces Mill is within easy walking distance of the downtown Historic Vining market square and surrounded by acres of lush forest and well manicured grounds. Buyers are drawn to this community because of the calm and relaxing feeling of the area yet still being in the heart of everything. With the growing popularity of Vinings, Paces Mill offers a good long-term investment.

Click to read more ...

Saturday
17Nov2007

Vinings Forest

Vinings Forest was constructed on Atlanta Rd. around 1998 and for the most part is an exact duplicate of The Heights at Spring Road. Since these are identical communities you can read a more extensive description under that particular community review.

Click to read more ...

Saturday
17Nov2007

The Preserve at Vinings Walk

The Preserve at Vinings Walk is a community located in the heart of Historic Vinings and priced from the mid $500s to mid $600s. Consisting of single family homes the blur the line with townhomes and cluster style homes, The Preserve at Vinings Walk is more than just luxury new home construction, but an open door to debates on real estate values and home prices.

Click to read more ...

Saturday
17Nov2007

Park Vinings

Park Vinings high-rise and condominium, will it ever be built?

For quite some time, the sign has boldly displayed Park Vinings as now “accepting applications.” But application for what?

Click to read more ...

Saturday
17Nov2007

Riverview at Vinings

Riverview at Vinings townhomes is a new townhouse community built by Centex homes located right inside I-285 at South Cobb Drive.

Click to read more ...