INGLEHAME FARMS in Brentwood, TN

Inglehame Farms, the master planned community off Wilson Pike at Split Log Road, is now almost built out. The community has about 170 houses on half-acre lots.

Named after the red brick, historic mansion that has been preserved at the top of the hill overlooking the community and the farm that was once there, Inglehame features spacious traditional home designs that attract families of all sizes; some of the largest homes have five bedrooms.

Location, Location, Location is one very desirable feature in living in Inglehame Farms. High school students can walk to Ravenwood High.

The neighborhood is about to get another attraction: the new city park on the Ravenswood Farm property will be within walking distance of many Inglehame houses when it is finished.

Amenities in the subdivision include green space, a neighborhood swimming pool, clubhouse, underground utilities and decorative street lamps.

Many of the houses in Inglehame back up to preserved green space.

The neighborhood, with entrances on both Wilson Pike and Split Log Road, is zoned for Kenrose Elementary, Woodland Middle and Ravenwood High.

Currently the only home for sell is: 1823 Bronwyn Court priced at $719,000

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IT’S THE PRICE THAT SELLS A HOME

Location affects the value of a home, but it’s price that sells a home.

Oceanfront, mountainside, or penthouse, the most desirable location in the world won’t sell at the wrong price.

Every property has a potential buyer, but like rock, paper, scissors, it’s sometimes hard to know which factor is going to win the showdown.

A good location will sell at a fair price. A bad location will sell at a fair price, too. It just won’t be as a high as it would be for a good location.

A home in good condition will sell for a fair price. A home in poor condition will also sell at a fair price. Again, it won’t be as high as a comparable home in better condition.

But neither location or condition will sell any house. Only one thing does that – price.

So if you’re a seller waiting for that “special buyer” who will appreciate your faded pink and black bathroom tile, your vintage orange shag carpet and is willing to help you put your kids through college because of your real estate prowess, you’re going to have a long wait.

So if your home is represented by an agent, and it’s been on the market for a long time, chances are it’s your own fault.

Maybe you didn’t listen to your agent when he said you’re pricing your home above the market. Maybe you got mad at the first few folks who looked at your home and didn’t make offers.

When the showings stopped completely, maybe you accused your agent of not doing a good enough job.

You put the blame on everyone except where it belongs – on you. It’s not about you, what you want, or how much you need for your retirement.

It’s about the price.

a Look at Tennessee Taxes

The Bottom Line

MIXED TAX PICTURE

The Volunteer State has no broad-based income tax, though the state does levy a 6% tax on stock dividends and interest income from bonds and other investments. But be prepared to fork over some substantial sales taxes in Tennessee. It has one of the highest combined sales-tax rates in the nation, at an average of 9.44%, according to the Tax Foundation. Real estate is assessed at 25% of market value, and there are some property tax relief programs
Read more at http://www.kiplinger.com/tool/retirement/T055-S001-state-by-state-guide-to-taxes-on-retirees/index.php?map=&state_id=43&state=Tennessee#ZtXH8bZ11qGDPBvl.99

State Sales Tax

7% on tangible property (prescription drugs are exempt); 5% on food and food ingredients. Prepared food, dietary supplements, candy, alcoholic beverages and tobacco are taxed at 7%. Counties and cities may add another 1.5% to 2.75% to either rate.

Income Tax Range

There’s no state income tax, so salaries, wages, Social Security benefits, IRA distributions and pension income are not taxed. But Tennessee does tax dividends and interest at 6%. The first $1,250 in taxable income for individuals ($2,500 for joint filers) is exempt.

See Kiplinger.com’s Retiree Tax Map to learn how Tennessee taxes Social Security income and other forms of retirement income.

Social Security

Social Security benefits are not taxed.

Exemptions for Other Retirement Income

As of 2013, taxpayers older than 65 with total annual income of $33,000 or less ($59,000 for joint filers) are exempt from the tax on dividends and interest.

Property Taxes

Property taxes are assessed and collected by the local governments. The county commission and city governing bodies determine local property tax rates.

The assessed value of a property is based on 25% of its fair market value. Depending on the location of the residence, homeowners are subject to property taxes from the city only, the city and county, or the city, county and a special school/fire district.

Median property tax on the state’s median home value of $137,300 is $933, according to the Tax Foundation.

Tax breaks for seniors: Tennessee does not have a homestead exemption. However, there is a property tax relief program to reimburse income-eligible seniors age 65 or older, the disabled and veterans for taxes paid on their primary residence. The tax relief for 2013 is calculated based on up to $25,000 of the appraised fair market value of the homeowner’s residence if the owner’s combined income for 2012 is not more than $39,540.

Inheritance and
Estate Taxes

Tennessee’s estate tax (which the state calls an inheritance tax, but which actually taxes property instead of heirs) ranges from 5.5% to 9.5% based on the amount of the value of the property that exceeds the annual exemption. Spouses are exempt. Legislation passed in 2012 will phase out the inheritance tax as of January 1, 2016. The inheritance tax exemption threshold is $1.25 million in 2013, $2 million in 2014 and $5 million in 2015. The legislature has also repealed the state gift tax retroactive to January 1, 2012.

Read more at http://www.kiplinger.com/tool/retirement/T055-S001-state-by-state-guide-to-taxes-on-retirees/index.php?map=&state_id=43&state=Tennessee#ZtXH8bZ11qGDPBvl.99

A Christmas Surprise for me!!

Five Design Elements Buyers are Choosing

2013 Real Estate Review | Dec 5, 2013 | By: Angela Colley |
New home construction has seen consistent growth in the last three years and sales of new homes are expected to increase by about 16 percent, or 580,000 homes, in 2014, according to Kiplinger’s Economic Outlooks. And as more homes are built, new architecture trends will begin to appear — slowly.

“Building is not an industry where big changes happen really fast,” said Amy Albert, editor of Custom Home Online. ”Things happen over time.”

Still, Albert named five home-design elements she expects to see more often in 2014:

1. Tranquility

More homeowners are seeing their homes as a place to get away from it all and relax, especially in certain rooms — particularly the bathroom. “The spa bathroom is really big as a result of more people traveling to nice hotels,” Albert said. In 2014, we’re likely to see bathrooms with walk-in showers, roomy bathtubs and tranquil designs become a big trend for homeowners.

2. Mission Control

In the past the kitchen was often built at the back of the house, attached to the garage, and away from high traffic areas, but that tradition is changing. In 2014 we’ll see the kitchen as the focal point of the house, often placed in the center of an open floor plan, especially as more homeowners start to use their kitchen space as a multitasking room, or as Albert calls it, “mission control.” By having the kitchen centered and open, parents can help children with homework, talk or pay bills — all while making meals.

3. Traditional Design

While “midcentury modern design is thriving” and will continue to do so in 2014, more homeowners are looking at traditional home styles, Albert said. For example, Craftsman homes with large porches, front columns and detailed gables will make a comeback in 2014. Queen Anne-style homes with asymmetrical facades and detailed gables may also see a resurgence. However, attention to detail will be important as homeowners look for exact replicas of the original styles.

4. Passive Homes

More U.S.-based architects are expected to include passive-house elements in their 2014 designs. Originally a European design, a passive house is built to work with the climate. For example, its roof may be pitched to make use of wind power, or it could have large windows installed to attract sunlight that heats the home. A passive-house design can slash energy consumption by up to 90 percent, according to Passive House Institute U.S.

5. Flex Rooms

Between the recession and the growing number of senior citizens in the United States, more households are becoming multigenerational. That change is leading to a developing trend in home building – flex rooms. Typically bedrooms, flex rooms are designed to give more privacy to larger families and usually include a separate space such as a reading area or study off the main bedroom area. These rooms may also be built with a change in mind. “Many flex spaces include a private entrance, which could later become a rental unit,” Albert said.

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Brentwood Keeps Title of State’s Most Business Friendly City

Brentwood keeps title of state’s most business friendly city
Filed under News.

November 19,2013

The Tennessean
By Bonnie Burch

BRENWTOOD – For two years in a row, Brentwood has been named the most business friendly city among the 50 most populous cities in Tennessee.

Brentwood is the first city to top the eighth annual list compiled by The Beacon Center of Tennessee, the state’s free market think tank, for consecutive years.

In the “How Business Friendly Are Tennessee’s Cities?” report, the Beacon Center ranked each city in three main categories: economic vitality, business tax burden and community allure. The cities received a score in these categories while the think tank also took into account other statistics, such as violent crime rate, population growth, median household income, cost of living and high school graduation rates.

Brentwood residents rely on a pool of businesses and office space in a small area – mostly on the northern and southern boundaries of the city – for lower rates on their property taxes. Only about 4 percent of the land is zoned for commercial use, but tax revenue from these businesses pay about 60 percent of the city’s operating budget.

Other Williamson County cities were high on the list including Franklin, which came in third in the business-friendly rankings, down from second place in 2012, and Spring Hill, which was in fifth place last year, holding the fourth spot now.

Tim McGraw and Faith Hill Farm For Sale!

How’s this for country music pedigree: A farm once owned by Harry Williams Sr. has hit the market in Franklin, TN. The property owners who are selling? None other than Tim McGraw and Faith Hill. According to a report, the country music power couple purchased the property, a 753-acre parcel — which has a pair of residences, a 12-stall barn and other horse facilities — from Williams in 2001 for $8.75 million. McGraw and Hill stand to make an $11.25 million profit on the rural estate if they get their current asking price of $20 million. In his 1983 biography of Williams, “Hank Williams, So Lonesome,” George William Koon reflects on the country legend’s favorite pastimes, which included riding his horse on the property. “He liked to ride his horse Highlife out on the Franklin farm. Tennis and golf must have struck him as a little strange and fraudulent, if they struck him at all; bowling was sophisticated enough for Hank.” So there you have it, folks. Tim McGraw and Faith Hill are selling the farm, literally. And Hank Williams Sr. rode a horse named Highlife.

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Patio Perfection

This outdoor paradise would be the perfect place to relax on a warm summer night; wouldn’t you ‘like’ to kick your feet up here? As your local agent, I can make your home dreams like this a reality!

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This Home has a Story

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Listed and SOLD same Day

Listed on Sunday, June 16, 2013 and SOLD on June 16, 2013

In 1958 a young couple built this home. He worked for the US Postal Service and she worked for Nashville Electric. They were blessed at ages 42 and 50 to have a beautiful daughter. They lived in this house their entire life!

As you walk into this house, you can tell it was a house filled with love.

One owner.

Sold to a friends young daughter to continue their love story in this home……

2329 Ridgeland Dr
Donelson, TN

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Decorating a Contemporary Dining Room

Decorating a Contemporary Dining Room

There are so many places to get great ideas when getting ready to decorate your dining room. Magazines, DIY shows and more.

Talking to experts can be a great thing.