That’s right. Today the Brevard County Property Appraiser updated their tax records for 2010. You can do a tax search here: http://www.brevardpropertyappraiser.com/asp/real_search.asp
What’s this mean? Our tax records are now reflective of current market conditions and the proposed taxes for next year have gone down a bit which is a welcome relief to home owners and potential buyers. On the flip side, home sellers will most likely have to adjust their prices down a bit if they want to sell since many home buyers, real estate agents, home appraisers and home evaluation website tools use tax records to help ascertain market value.
The U.S. Senate passed two bills last evening previously passed by the House. Both bills still need President Obama’s signature to become law, but that’s expected to happen quickly.
Home buyer tax credit
The Senate passed HR 5623, which extends the mandatory closing date to qualify for the home buyer tax credit. The contract deadline does not change – homebuyers must have a contract signed by April 30, 2010 (an exception for active duty military) – but the previous closing deadline of June 30, 2010, has been extended to Sept. 30, 2010. The National Association of Realtors estimates that the approved bill will benefit more than 14,000 deals in Florida.
National Flood Insurance Program
Congress once again reauthorized a short-term extension for the National Flood Insurance Program to Sept. 30, 2010. The bill, HR 5569, makes the program retroactive to May 31, 2010, the date the program went on hiatus.
We just closed on this amazing property located on Riverside Drive in Indialantic Florida today.
It is the highest recorded residential sale in Brevard County since November of 2008. The final sales price was $2,500,000.
A true classical estate that offered the finer things in life as one would expect to enjoy on a daily basis. Featuring over 8000+ square feet and 101′ of direct inter-coastal access this home boast 6 bedrooms, 6 baths and 2 half baths, a formal dining room ,a great room featuring 28′ ceilings open to the mezzanine with hardwood floors and detailed crown molding throughout. The upper level features 4 bedrooms with walk in closets 3.5 baths and a entertainment room with over 1300′ feet, a cheery-wood built in bar with granite and a fridge/micro for those to enjoy cold drinks and warm popcorn. The lower level offers marble floors throughout the entire home inside and out. Detailed crown molding flows in every room! A classical European fashioned custom gourmet kitchen with marble counter-tops and custom chandelier lighting. Pool, Spa, Steam Shower, Tennis Court, Cherry and Marble elevator, 4 car plus garage, spacious laundry room this estate offers pure luxury from the moment you arrive through the private gates till the moment you picture the wrought iron close in your rear view window. A true masterpiece has been created by the hands of a true craftsmen.