HISTORIC PROPERTY FOR SALE: 6701 Providence Road, Charlotte, NC
Because the Grier-Rea House is listed in the National Register of Historic Places, a buyer would qualify for large income tax credits. For the restoration repairs already completed, a buyer would receive the following income tax credits according to an unofficial estimate by the Historic Landmarks Commission. The Buyer should consult a tax accountant to obtain the exact figures.
The effective price assumes a purchase price of $498,000.
As the buyer's home residence: $175,930 of credits, making the effective price of the house and land $322,070.
As a residential rental: $234,523 of credits, making the effective price of the house $263,427. The buyer would have to rent the house for 5 years, after which he, she, it or they could sell the house with no recapture of the income tax credits.
The buyer would receive additional income tax credits for restoration costs he, she, it or they incurs and which are approved by the North Carolina Division of Archives and History for non-income producing properties and by the National Park Service for income-producing properties. For a non-income producing property, the State income tax credit is 30 percent of the approved restoration costs. For an income-producing property, the State income tax credit is for 20 percent of the approved restoration costs, and the Federal income tax credit is for 20 percent of the approved restoration costs.
***PRICE REDUCED*** The Grier-Rea House is located at 6701 Providence Road and was built in 1804. This locally designated historic landmark has 3 bedrooms and 3 baths. LP: $498,000, MLS #2118667 Contact Irving Schwebel with Prudential Realty at 704-227-2526 OR Keith Thompson at 704-619-0887 or email: keith@topcharlotteagent.com
HISTORIC PROPERTY FOR SALE: 7729 White Oak Plantation, Hood Road, Charlotte, NC
Because the White Oak Plantation, located at 7729 Hood Road in Charlotte, is listed in the National Register of Historic Places, a buyer would qualify for large income tax credits. For the restoration repairs already completed, a buyer would receive the following income tax credits according to an unofficial estimate by the Historic Landmarks Commission. The Buyer should consult a tax accountant to obtain the exact figures.
Bring your gentlemen farmers, privacy seekers and history buffs to this beautiful plantation home, originally built in 1792. This home is an historic landmark and comes with 23 gorgeous acres, private lake, and amazing tax benefits. Please note that list price includes 3.28 acres across the street at Parcel ID 111-362-92. For more info: http://www.zillow.com/homedetails/7729-Hood-Rd-Charlotte-NC-28215/6209072_zpid/ or http://tour.charlottevirtualhometours.com/public/vtour/display/99531?idx=1
Contact Eric Gamble: 704-552-9292 or eric@hmproperties.com
HISTORIC PROPERTY FOR SALE: 14335 Huntersville-Concord Road, Huntersville, NC
The Ephraim Alexander McAuley House is located
at 14335 Huntersville-Concord Road in Mecklenburg County.
The McAuley Farm House was built in 1881 and represents the
development of a typical Mecklenburg County farmstead in the
19th and early 20th centuries, the last of its kind in Mecklenburg County Lot size: 116,740 sq ft / 2.68 acres LP: $189,900, MLS #2066855
Virtual Tour: www.tourfactory.com/831539
Contact Gina Harris at 704-589-8166 or email: gina@mayesharrisrealty.com
HISTORIC PROPERTY FOR SALE: 316 Main Street, Pineville, NC
The historic former Younts General Store is located on Main Street in downtown Pineville. Currently occupied by the Civic and Cultural Art Center of Pineville, the space would be ideal for the needs of various organizations. This office/retail space has historic tax credits available: 50% historic tax credit, and 20% Federal, 20% State tax deduction for hard and soft renovation costs. Zoned: D-C Any use allowed by zoning. BRAND NEW ROOF! SQ FT: 2,648 LP: $384,000 Contact John Stipp at (704) 540-1260 or email him at: John@charlotteofficespace.com
330 Main Street 316 Main Street
HISTORIC PROPERTY FOR SALE: 330 Main Street, Pineville, NC
The historic Blakenship Feed and Oil Store is located at the end of Pineville's historic Main Street. This office/retail space has historic tax credits available: 50% historic tax credit, and 20% Federal, 20% State tax deduction for hard and soft renovation costs. Zoned: D-C Any use allowed by zoning. SQ FT: 1,690 LP: $243,600 Contact John Stipp at (704) 540-1260 or email him at: John@charlotteofficespace.com