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Friday, February 22, 2019

Impeccable home in Lava Ridge! (under $400k)

   
63166 Dakota Dr Bend, OR 97701-7747
$384,900
Immaculately cared for, highly upgraded, beautiful, like-new, Pahlisch Home! This Lava Ridges neighborhood home has been meticulously cared for and has a fantastic, fully-fenced outdoor area w/ a like new high-end Jacuzzi hot tub, oversized custom pergola, and paver patio. Light and bright office on main level, open kitchen, and high end wood laminate flooring downstairs. Large bonus loft w/built-in shelving, walk-in closet in master, and TDBU blinds in main rooms. Two-car alley access garage w/epoxy flooring and additional shop space with room for tools and toys! HOA covers all front yard landscaping and community pool.
 
 ML#:201901219Year Built: 2015
 LevelsTwo
 Property TypeResidential
 ConstructionFrame
 Property SubtypeResidential
 FoundationStemwall
 Map and Taxlot171222BA11700
 RoomsGreat Room, Bonus Room,
 SectionBORN
 Kitchen, Den/Office, Dining
 Beds: 3Baths : 2.50
 Area
 Approx Square Feet1638 Assessor
 InteriorCeiling Fan, Hot Tub/Spa, Walk
 Lot Sq Ft (approx)4792
 in Closet, Low/No VOC Paint
 Acreage0.1100
 FireplaceGas, Great Room
 Price/SqFt$234.98
 FloorsCarpet, Tile, Laminate
 Cross StreetNE Purcell Blvd
 ExteriorFenced, Sprinkler System,
 CountyDeschutes
 Hot Tub/Spa, Sprinkler
 Sub Addition
 Timer(s), Landscaped, Patio/
 ZoningRS
 Deck
 New ConstructionNo
 RoofComposition
 Elementary SchoolPonderosa
 ViewTerrain
 Jr. High SchoolHigh Desert
 Heat/CoolAC-Central, Hot Water, Natural
 Sr. High SchoolMountain View
 Gas, Prog. Thermostat,
 FLOWERYes
 Forced Air, High Eff. Furnace
 HOA Total Amount$97.56
 Existing WaterCity
 CC&RYes
 Sewer/SepticCity Sewer
 IrrigationNo
 Additional FeaturesClubhouse/Rec Room, Park,
 Water DistrictCity
 Community Pool, Paved Streets,
 Electric CompanyPP&L
 Gas Available
 StyleTraditional
 
 
Presented By:
 
February 2019
Mary P Gemba 
Primary: 541-771-8947
 
 
E-mail: bendproperty@yahoo.com
Web Page: http://www.bendproperties.org
Deschutes Realty 
750 nw Lava Road #507
Bend, OR 97703
541-330-1700
Fax: 
The above featured property may not be listed by the office/agent presenting this brochure. Courtesy of Keller Williams R.E.

Thursday, February 21, 2019

Nice buy for Bend...located on the south end on 1 acre with hot tub $239,900

   
17055 Helbrock Dr Bend, OR 97707-2558
$239,900
This well cared for Fuqua 3 bed 2 bath open floor plan home sits in peaceful surroundings with a fully irrigated lawn multi-program sprinklers system creates a beautiful park like setting that is fully fenced. Double detached finished and insulated garage/shop with a 20X 24 attached carport. 250 Sqft mini barn. 6 person Sundance Marques hot tub. This property will sell fast.
 
 ML#:201901019Year Built: 1995
 Electric CompanyMidstate
 Property TypeResidential
 StyleRanch
 Property SubtypeManufactured Home
 LevelsOne
 Map and Taxlot211001A003600
 ConstructionManufactured
 SectionOther
 FoundationBlock
 Beds: 3Baths : 2
 RoomsKitchen, Living Room, Den/
 Approx Square Feet1176 Assessor
 Office, Dining Area, Utility
 Lot Sq Ft (approx)43996
 Room
 Acreage1.0100
 InteriorWalk in Closet, Washer/Dryer
 Price/SqFt$204.00
 FireplaceLiving Room
 Cross StreetWolf St
 FloorsCarpet, Tile, Vinyl
 CountyDeschutes
 ExteriorFenced, Sprinkler System,
 Sub Addition
 Hot Tub/Spa, Sprinkler
 ZoningRR10
 Timer(s), Landscaped, Native
 New ConstructionNo
 Plant Lndscp., Patio/Deck
 Elementary SchoolThree Rivers
 Additional BldgsBarn, Shop
 Jr. High SchoolThree Rivers
 RoofComposition
 Sr. High SchoolSummit
 ViewTerrain
 HOANo
 Heat/CoolElectric, Forced Air, Wood
 CC&RNo
 Existing WaterWell
 IrrigationNo
 Sewer/SepticSeptic Inst, Private Sewer
 Water DistrictWell PVT
 
 
Presented By:
 
February 2019
Mary P Gemba 
Primary: 541-771-8947
 
 
E-mail: bendproperty@yahoo.com
Web Page: http://www.bendproperties.org
Deschutes Realty 
750 nw Lava Road #507
Bend, OR 97703
541-330-1700
Fax: 
The above featured property may not be listed by the office/agent presenting this brochure Courtesy of Bend Premier R.E.

Some news on the new tax code regarding rental property...

What you can deduct, such as property tax, and what you can’t — but there are definitely more cans than can’ts.
From finding tenants to fixing faucets, renting out a home can be a lot of work. But the benefits of cash flow and tax deductions can make it worthwhile. 
In fact, you can use many rental property expenses to offset your rental income. IRS Publication 527 has all the details.

Tax Deductions for Landlords

Many rental home expenses are tax deductible. Save receipts and any other documentation, and take the deductions on Schedule E. Figure you’ll spend four hours a week, on average, maintaining a rental property, including recordkeeping.
In general, you can claim the deductions for the year in which you pay for these common rental property expenses:
•Advertising
•Cleaning and maintenance
•Commissions paid to rental agents
•Homeowner association/condo dues
•Insurance premiums
•Legal fees
•Mortgage interest
•Taxes, including property taxes
•Utilities
Less obvious expenses that also may be deductible include fees charged by an accountant to prepare your Schedule E. And don’t forget that a rental home can even be a houseboat or trailer, as long as there are sleeping, cooking, and bathroom facilities. Moreover, the location of the rental home doesn’t matter. It could even be outside the United States.

Travel Expense Deductions

You can deduct expenses for local travel to a rental home for activities such as showing it, collecting rent, or doing maintenance. If you use your own car, you can claim the standard mileage rate, plus tolls and parking. For 2018, it’s 54.5 cents per mile.
Traveling outside your local area to a rental home is another matter. You can write off the expenses if the purpose of the trip is to collect rent or, in the words of the IRS, “manage, conserve, or maintain” the property. If you mix business with pleasure during the trip, you can only deduct the portion of expenses that directly relates to rental activities.

Repairs and Improvement Deduction

Another area that requires rental homeowners to tread carefully is repairs vs. improvements. The tax code lets you immediately write off repairs — any fixes that keep your property in working condition — as you would other expenses. The costs of improvements that add value to a rental property or extend its life must instead be depreciated over several years. (More on depreciation below.)
Think of it this way: Simply replacing a broken window pane counts as a repair, but replacing all of the windows in your rental home counts as an improvement. Patching a roof leak is a repair; re-shingling the entire roof is an improvement. You get the picture.

Depreciation

Depreciation refers to the value of property that’s lost over time due to wear, tear, and obsolescence. In the case of improvements to a rental home, you can deduct a portion of that lost value every year over a set number of years.
You can begin depreciating the value of the entire rental property as soon as the rental home is ready for tenants and you hold it out for rent, even if you don’t yet have any tenants. In general, you depreciate the value of the home itself (but not the portion of the cost attributable to land) over 27.5 years. You’ll have to stop depreciating once you recover your cost or you stop renting out the home, whichever comes first.
Depreciation is a valuable tax benefit, but the calculations can be tricky. Read IRS Publication 946, “How to Depreciate Property,” for additional information, and use Form 4562 come tax time. You may need to consult a tax adviser.

Profits and Losses on Rental Homes

The rent you collect from your tenant every month counts as income. You offset that income and lower your tax bill by deducting your rental home expenses including depreciation. If, for example, you received $9,600 in rent during the year and had expenses of $4,200, then your taxable rental income would be $5,400 ($9,600 in rent minus $4,200 in expenses).
You can even write off a net loss on a rental home as long as you meet income requirements, own at least 10% of the property, and actively participate in the rental of the home. Active participation in a rental is as simple as placing ads, setting rents, or screening prospective tenants.
If your modified adjusted gross income (same as adjusted gross income for most persons) is $100,000 or less, you can deduct up to $25,000 in rental losses. The deduction for losses gradually phases out between income of $100,000 and $150,000. You may be able to carry forward excess losses to future years.
Let’s say that for the year rental receipts are $12,000 and expenses total $15,000, resulting in a $3,000 loss. If your modified adjusted gross income is below $100,000, you can deduct the full $3,000 loss. If you’re in a 22% tax bracket, a $3,000 loss reduces your tax bill by $660, plus any applicable state income taxes.