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<Back to Page			Property 43 of 87 Selections

Affordable Brick Colonial!

$64,900

Photo of 710 Pacesetter, Rantoul, IL, 61866.

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Address: 710 Pacesetter	City/ST: Rantoul, IL	Zip Code: 61866
Property Type: Townhouse	New or Resale: Resale	Square Footage: 1260
Bedrooms: 3	Bathrooms: 1 full, 1 half	MLS# 2094204

Charming three bedroom, one and a half bath Colonial style townhouse offers quality brick construction, convenient location to park, commons & recreation areas. Surrounded by beautiful mature trees, there's also a full basement and a 1-car detached garage. A terrific value for first-time or scale down buyers or investors!

Last Updated: 8/31/2009 3:29:03 PM

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Tax Considerations >Not at ARMs Length

A sale of a house is just a sale, right? Not necessarily. If you are selling your house to your children or transferring title outside the open market, then the transaction may be characterized as "not at arm's length". Since such a transfer may have tax consequences, you should discuss it with a tax attorney or accountant before taking action.

The transfer of title to a son or daughter may cause the parents to lose favorable property tax treatment, require the payment of state gift taxes, or have other unexpected consequences. From a capital gains point of view, it may be more prudent for children to inherit property than to receive it as a gift. The disposition of any real estate should be considered within the entire framework of your tax and estate planning.

For answers to all your real estate questions, consult experienced professionals who are familiar with this area.

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Q	What are the three most common environmental toxins for which homes are tested?
A	Mold, asbestos, and lead are tested by specialized inspectors as a regular part of many real estate contracts.
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Russ Taylor, REALTOR�, real estate agent and broker for Mahomet, Champaign and Urbana, Illinois home listings, property and land for sale - NUMBER1EXPERT

Russ Taylor
RE/MAX Realty Associates
116 S. Lombard
Mahomet, IL 61853
217-898-7226
Fax: 217-586-3774
russtaylor@NUMBER1EXPERT.com

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