Sabal Creek Port Orange Homes 

Sabal Creek subdivision is situated west of I95 off Airport Rd. in Port Orange. Sabal Creek is located in the
32128 ZIP code area of Port Orange, FL. Most of the single-family estate homes were built by Johnson Group and are block
construction. The 3 to 4 bedroom homes range in price from $249K to $449K

Some of the features of homes for sale in Sabal Creek include heated inground pools,screened lanais, master suites,
high ceilings,crown molding,security systems,in law suites, oversized 3 car garages and more!!! Homes are situated on
quiet cul-de-sacs,lakefront lots, or back up to peaceful and private conservation areas!

The average listing price for similar homes for sale is $309,090 and the average sales price for similar recently
sold homes is $263,750.

Sabal Creek is a highly desired gated community and one of the nest subdivisions of Port Orange and within walking
distance to Creekside Middle and Cypress Creek Elementary!

The new Pavilion at Port Orange, an open-air shopping destination located in Port Orange is just north of Sabal Creek, at the intersection of I-95, Taylor Road and Williamson Boulevard off Dunlawton Avenue.The new Hollywood theater at the Pavillion delivers cutting edge 3-D technology and Dolby Digital Surround Sound in plush auditorium fitted with stadium seating, high back rocking seats and wall-to-wall screens.

Click on this link for the current list of homes for sale:Sabal Creek Home Search

Contact Marty Gagliardi: 386.316.5968

Contact Mike Gagliardi: 386.316.5967 

 

 

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Click on link below to view details of homes in highly sought after WATERS EDGE SUBDIVISION located in Port Orange west of I95 close to shopping , restaurants, Halifax Hopsital, and Daytona Beach!!!

Schools in Waters Edge Subdivision include:

Cypress Creek Elementary
Creekside Middle School
Spruce Creek High

CLICK HERE FOR WATERS EDGE HOME SEARCH

MARTY GAGLIARDI 386.316.5968
GAFFS1077@CFL.RR.COM

MIKE GAGLIARDI 386.316.5967
GAFFS1067@CFL.RR.COM

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Port Orange Homes For Sale

Click on picture above to receive list of foreclosures and hot deals!!!

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Rolling Hills Estate Homes Port Orange

Live large and in luxury at affordable prices in one of the most prestigious Port Orange Neighborhoods!! ROLLING HILLS ESTATES offers 3 to5 bedroom luxury homes on acreage with amenities to die for. Gourmet kitchens, media rooms, resort style pools, cabanas, lanais, and circular drives are some of the offerings of Paytas built Rolling Hills Estates!!

Take advantage of great market prices and potential short sales in Rolling Hills Estates!! Contact the Rolling Hills Estate Real Estate Experts to make a bid on these luxury deals today!!!!

Call Marty Gagliardi  386)-316-5968 or Mike Gagliardi (386)-316-5967!

BID ON ROLLING HILLS ESTATES AND LIVE IN LUXURY! 

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Why the increase in Port Orange Real Estate activity you ask? Some folks are realizing that this is a great time to buy at lower prices. Others perhaps have gained confidence with the vote for Amendment 1 back in January.

If you haven’t noticed, interest rates are holding pretty steady while home prices are stil drifting down a bit. So with this combination it is an excellent time to buy a Port Orange Home!

We have heard some local buyers speaking of waiting for the right time. The only problem with timing the market is that while you’re waiting for prices to maybe go down further you risk paying more if interest rates rise or home prices go up!

Thinking of buying a Port Orange home? Call us today for a Hotsheet of homes for sale in Port Orange.

Need a list of Port Orange short sales and foreclosures? Don’t waste time. Call us today or email Marty!

386–316–5968

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On December 20th, Bush signed into law a measure that will change the tax effects for a homeowner in foreclosure. These are critical changes that may change your client’s outlook on a deal (in fact…maybe you lost a deal last year because of this tax burden…it may not be too late to call that client back and revive the deal!)

In a nutshell: If a homeowner who was in foreclosure worked out a short sale agreement with their lender, the amount of debt that the lender “wrote off” is considered as ordinary income to the seller. That means if you negotiated a $50,000 reduction in the payoff to help get the property sold, that seller would have to claim that $50,000 as taxable income on their tax returns (resulting in a potential tax bill between $7,500 and $17,500). Some sellers decided NOT to sell on a short sale for this very reason…but that’s where this new law comes in!

It makes that “income” from written off debt NOT TAXABLE to the seller under certain circumstances! Here are some key points:

- Only applies to their principal residence, not 2nd home/vacation/rentals/speculation. So many of our clients that are in an upside-down situation on non-owner occupied properties may still owe income tax.

- Effective for debts discharged between Jan 1, 2007 and Dec. 31, 2009

- It applies to debt for acquisition, construction, or substantial improvement to the property. This means that if someone had refinanced and taken cash out or paid debts off, then the forgiven debt WILL be taxable. Think about it…they DID get cash out of the property that they never paid taxes on…..now they will have to.

- Forgiveness is limited to $2,000,000 (I think we’re OK there!)

- The amount of forgiven debt will be reduced from the sellers basis in the house. Most sellers will still be able to sell with no capital gains bill as long as they’ve lived in the house for at least 2 years, but people in their homes less than 2 years may still have a surprise! And for investment properties, they will either pay long or short term capital gains based on how long they held the investment.

Cool Part of the Law #2: Another thing that was in this new law that you will probably like…an extension of the tax deductibility of Private Mortgage Insurance (you know, that monthly bill your clients pay when they don’t put down 20% on a home mortgage!). This extension is good through Dec 31, 2010, and again is only applied to acquisition mortgages on a “qualified residence”

Cool Part of the Law #3: And one last part that might apply to your clients…if a client’s spouse dies, they now have 2 years from the date of the death to sell that home and take the full $500,000 exclusion for a couple in a primary residence. After that time, they will only be entitled to the single person’s $250,000 exclusion on the gain they received from the sale. It used to be only in the year of the death, which would be difficult if they passed away towards the end of the year.

Please remember, I am NOT an accountant, and I am not giving you or your clients legal or accounting advice, and neither should you! Anytime you have a client that asks you about the tax ramifications of ANY deal, refer them back to their CPA or attorney for advice.

Call Team Gagliardi for more information about short sales or if interested in purchasing a Port Orange short Sale! Marty is available 24/7 at 386-316-5968 or Mike 386-316-5967!

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