10635 Black Oak Drive, Baton Rouge, La 70815

TIMOTHY HOUK OFFICE 225.768.1800 CELL 225.301.7467 EMAIL TIM@TIMHOUK.COM

RESIDENTIAL – DSF- Click photo to enlarge or view multi-photos.
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MLS#: B0916771md H ListPrice: $135,000
Status: ACTIVE LivingSF: 1,362/X
Address: 10635 BLACK OAK DR List$/Sqft: $99.12
BATON ROUGE, LA Bedrooms: 3
Zip: 70815 BthFull/Pt: 2/
Parish: EAST BATON ROUGE Stories: 1
Area: (41) EBR MLS AREA 41 YrBlt/Age: /21-30Yrs
MapPage: 603 Key:E OccStat: VACANT
Subdiv: RED OAKS Zoning
ParcelID: Style: Cottage
ElemSch: CALLSCHLBRD Middle: CALLSCHLBRD High: CALLSCHLBRD
Dir: From Florida Blvd head North on Sharp. Take a right on Red Oak, left on Gum, then right on Black Oak. Home will be ahead on the left.
Lot: 94
Legal:
Builder: Model Name:

MUST see this completely remodeled cottage style home on a half acre lot. All new appliances, roof, A/C system, ceramic tile counters and backsplash…its practically new throughout. You won’t find a home of this quality for this price in Baton Rouge.


Realtor Remarks: Measurements not warranted by Realtor. Call Centralized showing for lockbox code. (Report an error on this listing)


LowerSqFt: UpperSqFt: PorchSqFt: CarportSqFt: 357
GarageSqFt: StorageSqFt: 132 TotalSqFt: 1,852 SourceSqFt: APPROX
AssnFee: N/ AssnFeeAmt: AssnFeeIncl: MinrlRghts: CONVEYED
Warranty: LotDim: 100.1X250.1 StFront(Ft): Acres:

Room Type Lvl Dimnsns
LIVINGROOM 1 19×11.3 Constrc: Siding: Other Parking: 2Cars, Carport
KITCHEN 1 15.4×9.6 Fndatn: Piers Roof: CompShingle Heating: CentralHeat
DEN 1 15.3×11.5 Cooling: CntralAir Fireplc: WdBurn Floors: VinylTile, Wood
BATH: MASTER 1 12×12 Fence: ChainLink Patio: WatrFrnt:
BEDRM:ADDITNL 1 11.9×11.3 Wat/Sew: PubSew, PubWat Finance: Cash, Conv, FHA Reserved:
BEDRM:ADDITNL 1 11.2×11.4 Lot: Pool: Utilities: E:Entergy
UTILITYROOM 1 6.1×5.1 IntFeatrs: AllWndwTrtmt.
Applncs: Dishwsh, Rnge/Ovn
Equip: CableReady, CeilingFans
Exterior: Lndscpd, Workshop
Amenities: Misc:

Baton Rouge home sales up on October

From the Baton Rouge Business Report:
Second-consecutive month sales topped 2008: Home sales in metro Baton Rouge were up 4.3% in October compared with the year before. There were 555 houses sold in the area, according to figures obtained today from the Greater Baton Rouge Association of Realtors Multiple Listing Service. That compares with 532 sales in October 2008. The average sale price was down slightly, from $196,542 in October 2008 to $187,185 last month, showing the continued popularity of the starter-home market. Livingston Parish saw the biggest jump, with the number of houses sold going up 21%, from 85 in October 2008 to 103 last month.

Frequently asked questions about the NEW tax credit through april 2010

Question: Existing homeowner credit: Must the new house cost more than the old house?
Answer: No. Thus, for example, individuals who move from a high cost area to a lower cost area who
meet all eligibility requirements will qualify for the $6500 credit.
Question: I am an existing homeowner. On October 25, 2009, I signed a contract to purchase a
new home. I have lived in my current home for more than 5 consecutive years and
am within the new income limits. I will go to settlement on November 20. If
President Obama has signed the bill by the time I go to settlement, will I qualify for
the new $6500 tax credit?
Answer: Yes. The existing homeowner credit goes into effect for purchases after the date of enactment
(when the bill is signed). There is no reference to the date of contract for the new credit. The
provision looks solely to the date of purchase, which is generally the date of settlement.
Question: I am a firsttime
homebuyer but was not within the prior income limits at the time I
entered into my contract to purchase on October 30, 2009. I will be covered,
however, by the new income limits. If the new rules have been signed into law by the
time I go to settlement, will I be eligible for a credit?
Answer: Yes. The new income limitations go into effect as soon as the President has signed the bill.
The income limit and other eligibility rules will look to your status as of the date of purchase,
which is the settlement date. So if the new rules have been signed when you go to settlement,
you should be eligible for the credit (or a portion of the credit if you’re within the phaseout
range).
Question: I am an eligible existing homeowner. I have a fair amount of equity in my home. I
have found a home with a nonnegotiable
price of $825,000. Will I be able to use any
of the $6500 tax credit?
Answer: No. The $800,000 cap on the cost of the purchased home is firm at $800,000. Any amount
above $800,000 makes the home ineligible for any portion of the credit. The $800,000 is an
absolute ceiling.
Question: I owned my home for 10 years, but sold it two years ago year and have been renting
since. If I purchase a home, will I be eligible for the $6500 tax credit if I meet all the
other eligibility tests?
Answer: Yes. Because you lived in the home for more than 5 consecutive years of the previous 8, you
will qualify for the $6500 credit. For example, Say John and his wife bought a home in 2000
and lived there until 2008 when he got a divorce. Whether John has been renting or bought in
the interim, he WOULD INDEED be eligible for the credit because he owned a home and
occupied it as his principal residence for 5 consecutive years out of the last 8 years. The
keyword here is “consecutive.” As long as he lived in that house for 5 years straight what he
did since 3 years doesn’t impact eligibility.
Question: I am an eligible firsttime
homebuyer. I entered into a contract to purchase on
November 1, 2009. Do I have to go to closing before December 1? How does the
extension date affect me?
Answer: You do not have to close before December 1. Once the legislation has been signed, it will be as
if the Nov 30 date had never existed. Therefore, so long as the contract settles before April 30
(or July 1, worst case), the purchaser will be eligible for the credit

Home buyers tax credit – Extened and expanded

From yahoo

“WASHINGTON – Buying a home is about to get cheaper for a whole new crop of homebuyers – $6,500 cheaper.

First-time homebuyers have been getting tax credits of up to $8,000 since January as part of the economic stimulus package enacted earlier this year. But with the program scheduled to expire at the end of November, the Senate voted Wednesday to extend and expand the tax credit to include many buyers who already own homes. The House is scheduled to vote on the bill Thursday.

Buyers who have owned their current homes at least five years would be eligible for tax credits of up to $6,500. First-time homebuyers – or anyone who hasn’t owned a home in the last three years – would still get up to $8,000. To qualify, buyers in both groups have to sign a purchase agreement by April 30, 2010, and close by June 30.

“This is probably the last extension,” said Sen. Johnny Isakson, R-Ga., a former real estate executive who championed the credits.

The homebuyers tax credit is one of two tax breaks totaling more than $21 billion that the Senate included in a bill extending unemployment benefits for those without a job for more than a year. The other would let companies now losing money recoup taxes they paid on profits earned in the previous five years.

“We are still in a world of economic hurt, and Congress must continue to act boldly and creatively,” said Sen. Max Baucus, D-Mont., chairman of the Senate Finance Committee. “With the right mix of tax breaks and investments we will get through this recession and get folks working again.”

The real estate industry has been pushing to extend and expand the housing tax credit. About 1.4 million first-time homebuyers have qualified for the credit through August. The National Association of Realtors estimates that 350,000 of them would not have purchased their homes without the credit.

Extending and expanding the tax credit for homebuyers is projected to cost the government about $10.8 billion in lost taxes. While the measure passed the Senate by a 98-0 vote, Sen. Kit Bond, R-Mo., questioned its efficiency in stimulating home sales.

“For the vast majority of cases, the homebuyer tax credit amounted to a free gift since it did not affect their decision to purchase a home,” Bond said. “And for the small minority of buyers whose decision was directly caused by the credit, this raises the question of whether we are subsidizing buyers who may not have been able to afford buying a home in the first place.”

The credit is available for the purchase of principal homes costing $800,000 or less, meaning vacation homes are ineligible. The credit would be phased out for individuals with annual incomes above $125,000 and for joint filers with incomes above $225,000.

The credit would be extended an additional year, until June 30, 2011, for members of the military serving outside the United States for at least 90 days.

Expanding the tax credit for money-losing companies is projected to cost $10.4 billion.

The business tax break would allow money-losing companies to use current losses to offset taxable profits earned in the previous five years, giving them refunds of taxes paid in those years. Under current law, businesses with annual gross receipts of more than $15 million can claim losses back only two years.

The tax break would help industries suffering losses in 2008 or 2009, including retailers, homebuilders and newspapers. Congress included a scaled-back version of the tax break – for companies with revenues of $15 million or less – in the economic recovery package enacted in February. The new tax break would be available to companies of any size, providing a quick source of cash.

The U.S Chamber of Commerce has been a big backer of the tax break for money-losing companies.

“It frees up capital that they can use to maintain jobs and potentially even hire new people as the economy returns,” said Caroline Harris, senior tax counsel for the U.S. Chamber of Commerce.

The tax breaks would be paid for largely by delaying a tax break for multinational companies that pay foreign taxes. It was passed in 2004 and originally was to have taken effect this year, but would now be delayed until 2018.”

Baton Rouge home prices down slightly

From the Baton Rouge Business Report:

B.R. home prices down slightly

A new report says Baton Rouge home prices dropped 0.41% in August from the year before. First American Core Logic says the local Home Price Index was down from August 2008, after a 0.8% increase in July. That local decrease is much better than the 10.1% drop reported in First American’s national index in August. Louisiana’s index was down 3.9% during the month. First American predicts U.S. home prices will hit bottom in March, because of the increasing number of homes entering the foreclosure process and the expiration of a tax credit for first time homebuyers — although members of Congress are working to extend the credit into next year. By August 2010, First American projects the home price index will be up 4.6% nationally and 0.51% in Baton Rouge.”