107 Essex Drive - Irongate Real Estate - Summerville Home for Sale!

107 Essex Drive, Summerville SC
Lovely Traditional Home for Sale
Offered at $212,777
MLS 2911435

I have just listed this wonderful home in the Irongate Subdivision located in Summerville, SC. If you are looking for more than just a cookie cutter house in a cookie cutter neighborhood, this home may be for you!

This is a lovely traditional two-story with a large entry foyer and center hall. To either side of the entry you will find the two formal rooms... the formal dining room to the right and the formal living room to the left. This formal living room has french doors and could also be used as a study or office.

Down the hall to the back of the home, you find an amply sized eat-in kitchen which is open to the family room. This cozy space has a brick fireplace and plenty of windows for natural light.

You'll also find a good sized laundry room and half bath on the first floor.

Upstairs are four true bedrooms. The three secondary bedrooms are all a nice size and share a bath in the hall. The master bedroom is a nice size. Currently there are several large pieces of furniture in the room and it still doesn't feel small! There are dual walk-in closets for him and her. An en suite bathroom has a tub/shower combo and it's own linen closet.

At 2165 square feet, this home is not short on space!

There is also a two car garage and a fully fenced yard. The lot is almost a third of an acre...something else you won't typically find in those newer neighborhoods. Enjoy a little space and privacy and not be on top of your neighbors! There is also a community pool and play area.

Irongate is a community of homes built in the '80's and '90's. They range in price from the mid 100's up to the low to mid 200's.

Located right off of Old Trolley Rd, there is plenty of shopping nearby including Publix Supermarket and a brand new Ace Hardware store. It's just minutes from downtown Summerville where there are numerous other stores such as Lowe's, Home Depot, Target, Kohl's and Walmart just to name a few. Plus the historic district is right there with plenty of little shops and grand old homes and churches.

One thing that is so great about Summerville is it's location! A short 15 minute drive from this home will get you to the Air Force Base, Charleston International Airport, the Mall and Tanger Outlets. The Lowcountry's beautiful sandy beaches are located about 30 minutes away as is Downtown Charleston with it's many fine restaurants, shops and historic venues.

Location, space, community pool and so much more! Come check out this lovely home today!

Give me a call at 843-860-3901 or email at mpettis@century21properties.com to set up an appointment.

For more info and pics visit: 107essexdrive.summervillerealestateonline.com

New Tax Credit May Mean Now Is The Time To Buy!

With the new stimulus plan just passed comes good news for First Time Homebuyers. If you purchase a home between January 1, 2009 and December 1, 2009, you may be eligible for a tax credit up to $8000. The amount is actually 10% of the purchase price of the home with a cap of $8000.

Who exactly is eligible and what does "First Time Homebuyer" mean? If you have never owned a home before or have not owned your own home within the last three years, you qualify as a "First Time Buyer". Your adjusted gross income should be no more than $75,000 for single or $150,000 if you file jointly. The home being purchased needs to be your primary residence, but it can be a single family home, condo or townhouse.

Unlike the previous tax incentive of $7500 enacted in 2008, this one does not need to be paid back. Unfortunately for those folks who purchased and received that original tax incentive, this new one is not retroactive, so you are stuck having to pay back that $7500.

So you qualify for the new incentive...should you get off the fence and start looking for your new home? That's only a question you can answer, but keep in mind the following points:

Interest rates are still at historic lows - If your credit is good, you will probably qualify for a great rate. And the rate can make a huge difference on your monthly payments and how much you pay over the life of the loan even more so than having the seller take a few thousand dollars off the purchase price.

There is an Abundance of Inventory - This means you have lots to choose from and sellers are much more willing to negotiate to get you to purchase their home rather than the competition's. So yes, it's still very much a buyer's market!

Prices Have Dropped - In some parts of the country home prices have declined significantly and are still declining. Don't let this scare you away! For a buyer, this means you can probably find a great deal. Just plan on being in your home for at least 5-7 years. If you are in it for the short term, it may not be the time for you to purchase, but it's great for anyone looking for a primary residence who plans to stay a while.

Still not convinced? Do some homework...

Talk to a lender or two to find out what you qualify for, what kind of rate you can get, etc. Most lenders will help you with this information with no obligation so I am surprised at the number of people who don't bother to make the call. This is key information in helping you decide whether or not you are ready to purchase!

Pull your credit report. You are entitled to one free credit report each year. Make sure you get reports from all three reporting companies: Experian, Equifax and TransUnion. Be sure to get your FICO score as well. Check your report over carefully and start working to either resolve any problems or improving your credit score.

Search the MLS. Either speak with an agent or do your own online search. For example you can search at www.Century21.com or if you live in the Charleston area try my website at www.SummervilleRealEstateOnline.com. Get a feel for what your money can buy you at various price points.

If your credit is good, your job is stable and you plan on living in your new home several years, then this may be the time to make the move! There is no crystal ball to predict the future, but chances are that the bottom of the housing decline is here or near. If you wait too long, you may find yourself looking at prices and interests rates that are on the rise and rmember that the tax credit is only good until December 1, 2009! You must close by midnight on November 30!

So do your research and get going!

For additional information about the tax incentive talk to your lender or tax advisor. You can also visit:
http://www.federalhousingtaxcredit.com/

Maria Pettis
Realtor, e-PROCentury
21 Properties Plus, Inc.
Summerville, SC 29483
843-860-3901
mpettis@century21properties.com