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Current Selection:	All Prices	All Types	All Locations	New Selection	Sorted By: Default	New Sort
<Back to Page			Property 53 of 171 Selections

Feature Home - The Meridian

$310,990

Front View

Address: 08 Shoreline Dr	City/ST: Millsboro, DE	Zip Code: 19966
Location: Stonewater Creek	Property Type: Single Family Home	New or Resale: New
Square Footage: 0	Bedrooms: 3	Bathrooms: 2 full, 1 half
MLS# 5596942

To Be Built. The Meridian exterior is reminiscent of a large bungalow and has the convenience of a modern floor plan with 3-4 bedrooms, 2� baths, two car garage, 9 foot ceilings on the first floor, family room with tray ceiling, kitchen with breakfast bar, separate formal living and dining rooms, first floor laundry, and first floor master bedroom with walk-in closet.

Last Updated: 9/29/2009 12:18:49 PM

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First Time Buyers >The Real Bottom Line

An important part of buying a house is sitting down with your real estate agent or a mortgage lender to get a clear idea of how much you can afford. They will add up all of your monthly expenses, the mortgage payment, insurance, real estate taxes, homeowners or condo association fees--and the grand total can throw you into shock!

The important thing to remember is that the grand total isn't really the bottom line. When you add your tax savings to the equation, you may be pleasantly surprised. During the early years of your loan, almost all of the mortgage can be deducted from your state and federal income tax. The same is true of your real estate taxes. If you use part of your house as a home office, you may be able to qualify for additional tax savings. In some areas, homes with ground floor apartments are popular for offsetting part of the mortgage and offering even more tax savings.

When you make calculations about the monthly costs that include the tax savings, you may find that owning your own home is less expensive than renting a house or apartment of comparable size.

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Q	What is the average price for a home in the United States?
A	According to recent data published by the NAR, the national median price for existing single-family homes is now $230,000.
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Main Street Team, REALTOR�, real estate agent and broker for Middletown, Dover and Smyrna, Delaware home listings, property and land for sale - NUMBER1EXPERT

Main Street Team
Keller Williams Real Estate
111 W. Main Street
Middletown, DE 19709
302-285-0600
Fax: 302-285-0599
henryeckhardt@NUMBER1EXPERT.com
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