Property-transfer records reveal Stamford mall’s selling price

STAMFORD — The new owner of Stamford Town Center acquired the downtown mall for $20.15 million, according to property records reviewed by Hearst Connecticut Media.

Ranking as one of the city’s largest property sales of the past year, the price was originally undisclosed when the transaction was announced earlier this week. The amount was outlined in property-transfer forms received Friday by the Stamford Town Clerk’s Office.

As a result of the sale, the state and city governments are, respectively, receiving $251,875 and $100,750 in conveyance taxes.

“As the town clerk, I’m happy with the revenue for the city that’s generated by this sale,” said Town Clerk Lyda Ruijter.

A message left Friday for the mall’s new owner, home-furnishings company Safavieh, was not immediately returned.

In an interview Thursday, Safavieh President Arash Yaraghi discussed the acquisition process for a property that had gone on the market about a year ago. The

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Condo renos must have documents proving they’re legal when selling the suite

I’m selling my renovated condo suite and I’m being asked by a buyer for permits and records of the work done. What should I do?

Renovations are a popular way to update a tired or dated property, whether for your own enjoyment or as a way to potentially add to a property’s resale value.

It is important to know that renovating a condo is much different from renovating a detached property. Notably, condo renovations must, in many cases, be approved by a condo’s board of directors and follow the condominium corporation’s bylaws, in addition to following the municipal bylaws and provincial codes.

As you note in your question, it is not uncommon for a buyer to include a clause in the proposed agreement (offer to purchase) that the seller of a renovated condo suite warrants that all renovations were completed with the permission and required approvals of the condo board.

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Taxes When Selling a Duplex | Home Guides

Selling a duplex poses an interesting tax challenge. If you occupy both sides of the duplex, you can treat it as a single residence for tax purposes, even if you sell them to two different people. If you rent out both sides of it, it’s an investment property. But if you live in one side and rent out the other, it’s essentially two different properties when it comes to paying taxes on the sale. In other words, you would treat half of the duplex as a residential property and the other half as a rental.

Transfer Taxes

Regardless of how you used your duplex, when you sell it, transfer taxes will be collected at the closing. The amount of the transfer tax and whether you pay it or the buyer pays it vary depending on where the property is located. As of 2012, in Sausalito or Walnut Creek, you’ll pay

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Bradenton homes selling significantly faster and for more money than they did a year ago

Manatee County saw another super-heated sales month in September for existing single-family homes with the median price rising by $35,000 to $350,000, compared to the same month in 2019.

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The median is the midpoint of all sales prices. Half the homes sold for more, half for less.

Homes were not only bringing higher prices in September than a year earlier, they were also selling faster: 23 days to contract, compared to 43 days in 2019, according to the Realtor Association of Sarasota and Manatee.

There were 730 new pending sales in September, compared to 492 a year earlier, further depleting inventory and making the Bradenton area even more of a seller’s market. A balanced market is considered one with six months of inventory. There were 1.9 months of inventory in the Bradenton area in September, compared to 3.3 months of inventory a year earlier.

Buyers’ appetite for Bradenton

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Is Selling Your Home Fast Actually a Good Idea?

Selling a home or investment property can be a daunting task. You want to get top dollar for it of course, but it’s also nice to get the money and close the sale as quickly as possible.

There may be certain instances when selling your property fast is actually a good idea, but more often than not, you’ll be leaving money on the table by selling too quickly. The balance between a quick sale and the right price can be difficult. Read on to figure out when it’s a good idea to sell your home fast and why.

Why would someone want to sell fast?

Real estate is very market dependent. High demand but low inventory drives real estate values up and may lead to bidding wars and fast sales regardless of price. Other markets may have a surplus of inventory with low demand, which leads to lower real estate

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Parma close to selling Chevybrook Estates to Cleveland Housing Network

PARMA, Ohio — Nearly a year and a half after announcing its intention to sell Chevybrook Estates, Parma expects to soon close a deal with Cleveland Housing Network (CHN) purchasing the 60-unit public housing property located on Chevrolet Boulevard.



a large brick building with grass in front of a house: Chevybrook Estates is located on Chevrolet Boulevard in Parma.


© John Benson/cleveland.com/cleveland.com/TNS
Chevybrook Estates is located on Chevrolet Boulevard in Parma.

“The reason we’re selling is the property is it’s 33 years old and the units have never been updated,” Parma Public Housing Executive Director Priscilla Pointer-Hicks said.

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“They’re really dated, so we decided to find a buyer that would keep the property affordable, while also rehabbing the units.”

In addition to Chevybrook Estates — which is the only public housing estate in Parma — needing a $2 million upgrade, the U.S. Department of Housing and Urban Development (HUD) is currently enticing housing agencies to leave public housing.

“When we hired Priscilla to be director, one of the

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Headed to Iona, Rick Pitino Is Selling Modest Bal Harbour Home for $1.55M

Fresh from the sale of his swanky Miami Beach-area property for $17 million, the basketball coach Rick Pitino is once again dipping his toe in the Florida real estate market.

This time, the college hoops legend is offering a more modestly priced waterfront home in Fort Lauderdale, FL, for $1.55 million. The listing comes just a few months after the well-traveled coach landed a job at Iona College in New Rochelle, NY, to inject new life into the Gaels basketball team.

Pitino purchased this Florida property in 2018 for $1.38 million. Now selling two years later, he may eke out a small profit.

Either way, the remodeled abode will be a score for the next buyer.

Living room in Fort Lauderdale, FL, home, with views of Bal Harbour

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Dining room

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Updated kitchen with island and quartz counters

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One of the three bedrooms

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Grassy lawn

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Dock
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We’re selling our home. What will we owe in taxes?

Q. Can you help me determine tax liability on the sale of our home? My husband and I have owned the home for 25 years and we are doing a cash sale to a contractor. We paid $112,000 and we have $74,000 and $10,000 loans on the house. We are selling it for $175,000. We are seniors and will rent in the future. What is our federal and state tax liability and what happens with the exit tax?

— Selling

A. Good news.

Based on the information you provided it does not appear that you will have to pay any tax on the sale of your home.

Subtracting from the selling price what you paid for the house ($175,000 – $112,000) equals a $63,000 gain, said Howard Hook, a certified financial planner and certified public accountant with EKS Associates in Princeton.

You can also subtract from the gain any expenses

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Windy City Rehab ‘s Alison Victoria Is Selling Chicago Home for $2.3 Million

Windy City Rehab’s Alison Victoria on Starting Over After a Difficult Year: ‘I’m So Much Stronger’

HGTV’s Alison Victoria opens up about what she calls “the worst year of her life”

Windy City Rehab designer Alison Victoria has been cleared to sell her Chicago home amid an ongoing lawsuit.

The HGTV star has listed her own five-bedroom, four-and-a-half bathroom home for $2.295 million with Ryan Preuett of Jameson Sothebys International Realty.

The single-family property boasts a number of notable amenities, including a two-car garage, a theater room with a wet bar, a private rooftop deck and an outdoor kitchen — which is home to a wood-fired brick pizza oven and a built-in grill.

Meanwhile, the kitchen is filled with custom cabinetry, a waterfall-edge marble island and opens up into an intimate family room, which has its own fireplace.

B.R. Lillie Photography Alison Victoria’s Chicago home

B.R. Lillie Photography Alison Victoria’s

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Frisco Real Estate Agent Shortens Selling Timeline for Local Homeowners

FRISCO, Texas, Oct. 19, 2020 /PRNewswire/ — Leading Texas RE/MAX real estate agent Terry Henricks announced today the success of his innovative new sales process designed for Frisco homeowners, with several homes sold this year above asking price in less than two weeks and most homeowners receiving multiple offers within two days. Hendricks’ ResultsWithTerry.com website provides free online property value assessments.

This year, Hendricks partnered with a local construction professional and Set the Stage, a home design and staging company in Frisco; launching a turnkey home renovation and sales program designed to reduce the selling timeline for homeowners and increase offer rates. Key home renovations provide 200% return-on-investment in the current housing marketing. With Hendricks’ program, renovation costs are not paid

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