Maryland and Virginia Real Estate and Homes Blog

WILL THE HOME MORTGAGE INTEREST DEDUCTION SURVIVE THE GOVERNMENT’S NEED FOR $$$$$$$$?

                                            * * * *  HARD CORE REAL ESTATE TALK  * * **

“powerful House Democrats are looking at eliminating most of the $80 billion in annual tax breaks for 401(k) investors. ”

The Wall Street Journal notes that “the prospect of these tax increases is now hanging over the economy like a pall, as investors and businesses wonder where and how heavily an Obama Administration and Congress would strike.”

U.S. News & World Reports details plans to eliminate retirement plans as we know them.

CAN THE HOME MORTGAGE INTEREST BE FAR BEHIND??

If Americans lose the benefits of their private and employer retirement funds to fuel the government’s ever increasing need for tax dollars, will this be THE LAST HOPE FOR WEALTH BUILDING OF THE AVERAGE AMERICAN?

If the government changes the retirement benefits of the American citizens to raise Billions in tax money, how long will it be before they target the home mortgage interest deduction???

RETIREMENT ON OUR PAID OFF MORTGAGE AND 401(k) RETIREMENT BENEFITS, A THING OF THE PAST?

Property Details for listing # LO6616927
Price: $2,950,000 City: LOVETTSVILLE
Bedrooms: 4 Bathrooms: 5 full 1 half
Type of Home: Detached Style: Craftsman
Year Built: 2007 Lot Acreage: 40.130005
Subdivision: FURNACE MOUNTAIN ESTATES County: LOUDOUN, VA
State, Zip: VA, 20180 Status: ACTIVE

Descriptions
Comments: Over 1 mile of RIVER FRONT! 40+ Acres, 4+ BRs, 5+ BAs. New Construction. Au-pair suite w/ full Bath rough in over Garage. 10′ ceilings on 1st floor & 9′ ceilings on 2nd Rough-in on 2nd floor for 2 Bedrooms and 1 Full Bath. Views of mountains and pastures, a true scenic vista.

Home Interior Features
Amenities: Attic-Access Only, Auto Gar Dr Opn, Built-in Bookcases, Chair Railing, Corian Counters, Crown Molding, Entry Lvl BR, Fireplace Equip., Flue for stove, FP Mantels, Granite Counters, Home Warranty, MBA/Sep Shwr, MBA/Sep Tub, MBR-BA Full, Master Walk-in Clo Appliances: Dishwasher, Disposal, Dryer-front loading, Exhaust Fan, Extra Refrg/Frz, Icemaker, Instant hot water, Intercom, Microwave, Oven/Range-Gas, Range hood, Refrigerator, Six burner stove, Washer, Washer-front loading, Washer/Dryer Stacked
Basement: Daylight, Full, Outside Entrance, Rear Entrance, Side Entrance, Space For Rooms, Unfinished, Walkout Level Kitchen / Dining Info: Breakfast Room, Gourmet, Kit-Breakfast Bar, Kit-Island, Sep Dining Rm
Other Rooms: Sun/Florida Room, In-Law/auPair/Ste, Laundry-Kit Lvl, Lndry-Uppr Lvl, Mud Room Disabled Features: 2+ Access Exits, 32″+ wide doors, 48″+ Halls, Doors-Lvr Handle, Grab Bars Modify
Heating System: Heat Pump(s), Radiant, Zoned Heating Fuel: Bottled Gas/Prop, Central
Cooling System: Ceiling Fan(s), Central A/C, Heat Pump(s), Zoned Cooling Fuel: Natural Gas
Water System: Well Hot Water: 60+ Gallon Tank, Bottled Gas
Parking: Drvwy/Off Str, Garage
Room Dimensions Room Dimensions LevelLiving RoomDining RoomBedroom-MasterMainSitting RoomBedroom-SecondUpper 1Bedroom-ThirdUpper 1KitchenFamily RmGarageUnfinished BsmtLibraryFoyerBreakfast RoomBedroom-FirstUpper 1

Home Exterior Features
Construction: Fiber Cement Siding, Shake, Stone Exterior Features: Fenced-Partially, Porch-front
Community Amenities: Horse Trails, Jog/walk Path, Water / Lake Priv Water Oriented Details: NA
Water Access: Yes Waterfront: Yes
Water View: Yes

Your Agent’s Information

Your Agent: LENN HARLEY
Phone: 800-711-7988
Office: HOMEFINDERS.COM

Listing Courtesy Of

Listing Office: Corbin & Associates Realty, Inc.