Real Estate Information

Custom Home For Sale In Coxby's Estate - Edgewater, Maryland

3748 Colliers Drive, Coxby's Estate, Edgewater, Maryland

Without question, this is one of the most attractive and exciting homes for sale in the Edgewater, Maryland marketplace.  From the moment you enter the 2 story foyer you will say Wow!  All of the rooms are large and have been cared for by the owners.  The large formal living and formal dining room are great for entertaining, while the informal family room with sealed glass gas fireplace is waiting for the informal gatherings to watch football or just hang out.  The stunning kitchen would make any chef want to create special meals with it's custom cabinets and upgraded appliances.  There's also a great study area on the first floor for a home business or a quiet retreat for the kids to get their homework done.  The excitement continues as you climb the stairs to 4 large Bedrooms and a master suite that will knock your socks off.  Sleep in the huge bedroom, relax and read in the sitting room, enjoy serenity in the super bath with a large soaking tub and double showers.  The two walk in closets are an added bonus.  Other special features includes a private deck that backs to the woods, a 3 car attached garage, premium cul-de-sac lot and 3.5 elegant baths.  If special deluxe is what you are looking for in your next home, this is the one!  Call 410-224-4999 The John Collins Real Estate Group, Annapolis, Maryland, today to see all of the custom upgrades in this home.   

 http://www.johncollinsgroup.com/property/3748-Colliers-Drive-Edgewater-Maryland

Best Buy On Broadneck Penisula - Arnold, Maryland

Located on the sought after Broadneck Penisula, in Arnold, Maryland this 3 Bedroom, 1.5 Bath single family home has just been listed with The John Collins Real Estate Group.  It is rare to find a single family home priced below $300,000 in this area, especially without being a short sale or foreclosure.  The owners have taken good care of this charming property and have updated the kitchen cabinets and appliances in the eat-in kitchen.  The most outstanding feature about this house is at this price it has a wood burning fireplace and a large wooded lot.  Make an appointment to see this great home before someone else beats you to it.  Our Buyers agents are standing by to show you this bargain at 410-224-4999.

http://www.johncollinsgroup.com/property/807-Buena-Vista-Avenue-Arnold-Maryland

A Remodeled 1920's Farmhouse under $300,000. 

Just Listed.  This is the bargain everyone has been waiting for in this crazy real estate market.  No short sale, No foreclosure it is a great 3 bedroom house, sited on a large wooded lot with a 1 car garage for your car or workshop.  All of the rooms are good sized, gleaming hardwood floors are throughout the home, 9 ft. ceilings for the taller people, modern kitchen with plenty of counter and cabinet space and a seperate dining room.  This property is located near NSA, Fort Meade, BRAC, and all of the major highways for easy commute.  It also may qualify for President Obama's $8,000 Tax Credit. 

SPECIAL EVENTS:  October 9 - 11 - U.S. Sailboat Show features the hottest new racing and cruising boats from U.S. and foreign builders.  A vast array of boats, sailing equipment, rigging and accessories.  www.usboat.com for more information.

Friday October 9 - SPECIAL EVENTS

Navy Women's Soccer vs Army at Navy-Marine Corp Stadium, Annapolis, Maryland - 7 p.m. - 800-US4-NAVY

Broadway in Annapolis - "Man of La Mancha" is presented by the Annapolis Chorale - Maryland Hall for the Creative Arts - 801 Chase Street, Annapolis - 410-263-1906

Saturday October 10  SPECIAL EVENTS

Light House 8th. Annual Pumpkin Patch -Help the Homeless of Anne Arundel County.  Kids crafts, bake goods, Pumpkins.  Saint Martin's Luthern Church, 1120 Spa Road, Annapolis.  Open Daily 10 to 6 - October 10 through October 31.  Bring a canned goods for the Light House pantry.  410-268-4251.

3rd. Annual EYC Boat Show Bash -  A celebration to highlight the importance of the marine industry and sailing to the City of Annapolis.  Live music, dancing, food, silent auction, raffle and lots of fun.  Proceeds benefit local charities.  317 First Street, Annapolis - 6 to 11 p.m. EYCbach.com for more information.

Sunday October 11 SPECIAL EVENTS

2ND. Annual Bag Lady - Presented by the Arts Council of Anne Arundel County.  Festivities include ligh lunch, silent handbag auction, and entertainment.  Loew's Annapolis Hotell, 126 West Street, Annapolis, Maryland.  Noon to 2 p.m. - $20 - 410-222-7949

Maryland Renaissance Festival - Outdoor event and the second largest Renaissance Festival in the country with more than 1300 participants and 200,000 guests per season.  The English Tudor village is located on 25 acres of woods with more than 130 craft shops.  Crownsville, Maryland - www.rennfest.com  800-296-7304.

Come to Annapolis, Maryland this weekend and enjoy our many events.  Annapolis is not just a great place to play, it is a great place to live.  John Colins - 410-224-4999.

Penisula House Bed & Breakfast, Annapolis MD

 Listed By The John Collins Real Estate Group.

We are proud to announce this amazing property located in Annapolis/Eastport was just listed on the market for sale.  Peninsula House is a romantic Bed & Breakfast located in the maritime neighborhood of Eastport in Annapolis, Maryland.  It is located just steps away from the Chesapeake Bay, Historic Annapolis Harbor, the U.S. Naval Academy and numerous museums and wonderful shops.  This delightful 4 ensuite bedrooms, 5 full baths property is professionally decorated and staged and features lovely English Gardens.  As you enter the welcoming 2 story entry foyer the rooms open to a lovely flow that lends itself to entertaining a few or many guests.  Relax in the 24 x 24 family room w/fireplace, enjoy a good book in the library w/built-ins, the kitchen is a cooks delight w/granite counter tops and extra storage space for all the cook's tools.  There are gleaming harwood floors, a lower level entertainment room, wine cellar, 2 additional fireplaces, a rocking chair front porch for casual entertaining, covered wrap porches, a 1-car detached garage for storage and off street parking.  The property is currently used as a Bed and Breakfast however it would make a great family home or second home.  Charm Galore!  Shown by appointment only. Call John Collins at 410-693-6000 to make arrangements.

http://www.johncollinsgroup.com/property/11-Chester-Avenue-Annapolis-Maryland

Tax Credit - Marine Trade Properties Maryland Legislative - 2009

SB 644 Tax Credit - Marine Trade Properties - Authorizes local governments to pass laws granting a tax credit for businesses on the waterfront that are engaged in marine trades.  This is similar to legislation that passed last year, granting a tax credit for waterfront businesses engaged in commercial fisheries.  As defined under the legislation, marinas, fisheries, and related boating facilities would qualify as marine trades.  Status: PASSED - Effective June 1, 2009

Long and Foster Announces Top 150 Agents - August, 2009

Long and Foster is pleased to announce that John Collins of The John Collins Real Estate Group was recognized as the #22 agent Year-To-Date out of 10,000 Agents in the Maryland, Washington, D.C. Pennsylvania, Delaware and New Jersey Division.  John's exceptional negotiation skills, listening abilities and hard work,  have place him in the L&F top 25 throught 2009. John and his team specialize in the Annapolis/Anne Arundel County market area.  Congratulations John and his team, on a job well done!

Classic Colonial Just Listed On Broadneck Penisula

785 Dividing Creek Road, Arnold, Maryland

The John Collins Real Estate Group has just listed a fantastic 4 bedroom, 2.5 bath colonial two story in Arnold, Maryland.  Priced at $449,000 makes this home the best buy on the Broadneck Penisula.  Special features include granite counter tops in the Island kitchen, a large family room w/fireplace, a master bedroom with a super bath and walk-in closets.  Take a look at this classic beauty.  Call John today at 410-224-4999 to make an appointment.

http://www.johncollinsgroup.com/property/785-Dividing-Creek-Road-Arnold-Maryland

  LEGAL BULLETIN

Buying Real Estate Inside Your IRA

 A little-known Internal Revenue Code provision permits individuals to purchase land, homes, commercial property and condominiums with funds held in many common forms of IRAs, including a traditional IRA, a Roth IRA and a Simplified Employee Pension Plan (“SEP-IRA”).  In order to purchase the property in your IRA you must find a registered IRA custodian that will allow you to make non-traditional investments with funds held in your IRA.  You can locate an acceptable property for purchase (with the assistance of a real estate broker/agent) and then arrange for the custodian to complete the purchase in the custodian’s name, for your benefit, with funds held in the IRA account.

Unfortunately, the IRS regulations prohibit you or your family from using the property for any purpose (personal or commercial use) and you can not acquire the property from certain, related parties (e. g. spouse, parents, children).  You can not have any personal use or benefit from the property and violation of this prohibition can result in the imposition of taxes and penalties. Once you’ve chosen a property your IRA custodian (not you personally) must purchase it in its name for your benefit (e. g. “XYZ Trust Company, as Custodian for John Smith”). Therefore, financing the purchase with a mortgage can be difficult and complicated.  Many custodians, therefore, require that the property be purchased solely with cash held in your IRA account.

All operating expenses for the property, including taxes, insurance and repairs must be paid from funds in your IRA.  All income generated from the property will be deposited into your IRA account so you can use that money to cover your costs (or for the purchase of other investments (including real estate) in your IRA.  If you wish to sell the property, the IRA custodian will enter into the contract as seller and the funds (including any gains on the sale) are put back into your IRA account for use in making other investments (or buying other or additional real estate).

You can withdraw real estate from your IRA and use it as a residence or second home when you reach the age of 59&1/2 or older (for a penalty-free withdrawal) or you can elect to have the IRA sell the property or take a distribution of the property from your IRA by having the custodian sign over the title to you (there will be taxes owed on this distribution if the property was held in a traditional IRA, just as there will be taxes owed on cash distributions taken from a traditional IRA).

This is a potentially powerful and relatively unknown avenue to build wealth for retirement.  Due to complex rules and regulations involved, however, anyone interested in pursuing this option should make sure that they work with a custodian which has expertise and experience in this area.

  Goldstein & Levy, P. A.

General Counsel

  Capitol Title Insurance Agency, Inc.

This bulletin is for informational purposes only and is not intended as legal or tax advice to be used or depended upon in any specific transaction. All parties are advised to seek competent legal and tax advice / counsel with respect to these issues before entering into any transaction. 

©Capitol Title Insurance Agency, Inc. 2009