$489,900 :: 1004 WIMBLETON DR, Birmingham MI, 48009-7605

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3 beds, 2 full, 1 part baths
Home size: 2,299 sq ft
Lot Size: 8,712 sq ft
Added: 05/09/14, Last Updated: 07/31/14
Property Type: 2 Story, Residential
MLS Number: 31192386
Community: Birmingham (63192)
Tract: BIRMINGHAM FOREST HILLS
The price of this listing was last reduced on 6/10/2014 by 0%
Status: Sold

NEWLY RENOVATED POPPLETON PARK OF BIRMINGHAM-MASTER SUITE & EVERYTHING IS NEW! HIGH END FINISHES SUCH AS TRAVERTINE, TUMBLED MARBLE,GRANITE,STAINLESS, 2 FP, KIT, BATHS,FIXTURES, FURNACE, WINDOWS & MORE

Listed with RE/MAX in the Hills


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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$506,500 :: 496 GEORGE ST, Birmingham MI, 48009-1748

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3 beds, 3 full, 1 part baths
Home size: 1,622 sq ft
Lot Size: 4,356 sq ft
Added: 06/19/14, Last Updated: 07/31/14
Property Type: 2 Story, Residential
MLS Number: 31198900
Community: Birmingham (63192)
Tract: BUELL’S ADD
Status: Sold

WALK,ROLL,SKIP,CRAWL, TO BARNUM PARK AND ALL OF DOWNTOWN BIRMINGHAM! THIS EXCEPTIONAL BIRMINGHAM COLONIAL FEATURES 3 BEDRMS W CATHEDRAL CEILINGS & 3 FULL BATHS. KIT INCLUDES GRANITE COUNTERS,CENTER ISLAND,STAINLESS STEEL APPLIANCES,HRDWD FLOORS W OPEN SPACE TO EATING AREA & COZY FAM RM. FIN LOWER LEVEL. FABULOUS LOCATION AND PRIVATE REAR YARD W BRICK PAVER PATIO. 24 HR NOTICE PLEASE. LET THE FUN BEGIN! POS: 10 DAC

Listed with Hall & Hunter Realtors


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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$3,000 :: 411 S OLD WOODWARD, Birmingham MI, 48009-6649

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2 beds, 2 full baths
Home size: 995 sq ft
Lot Size: 0 sq ft
Added: 05/19/14, Last Updated: 07/31/14
Property Type: Condo/Apt 1st Flr, Residential
MLS Number: 31193801
Community: Birmingham (63192)
Tract: BIRMINGHAM PLACE OCCPN 1605
Status: Sold

SPECTACULAR RENOVATED 2BEDRM,2BA CONDO ON THE 9TH FLR IN THE BIRMINGHAM PLACE CONDOMINIUM W FEATURES THAT INCLUDE FLR T/O, NEW KIT W STONE BACKSPLASH & COUNTERS, FULL BA & MASTER BA RENOVATED TO PERFECTION. MSTR BEDRM HAS LARGE WALK IN CLOSET. LIV RM W BALCONY OVERLOOKING S OLD WOODWARD. HEAT & WATER INCLUDED IN THE RENT. POS: IMMED. NO PETS OR SMOKERS, MIN 1 YEAR LEASE. POS: CLOSE

Listed with Hall & Hunter Realtors


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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$199,700 :: 1356 BENNAVILLE AVE, Birmingham MI, 48009

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2 beds, 1 full bath
Home size: 742 sq ft
Lot Size: 4,791 sq ft
Added: 06/16/14, Last Updated: 07/30/14
Property Type: 1 Story, Residential
MLS Number: 31198331
Community: Birmingham (63192)
Tract: leinbach-humphreys woodward ave sub
Status: Sold

THIS HOME HAS ORIGINAL NATURAL WOODWORK,PEDESTAL TUB,NEW FURNACE & ELECTRICAL PANEL. LARGE DIN RM & GREAT SIZE LIV RM. ADD YOUR DECORATING TOUCHES TO MAKE THIS HOME EVEN MORE CHARMING. NICE FENCED IN LOT. GOOD LOT TO REBUILD A NEW HOME. MANY NEWER BUILDS IN THE LAST FEW TEARS. POS: 30 DAC

Listed with RE/MAX in the Hills


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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Viewpoint: How to Make Mortgage Interest Deduction More Fair

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By Bonnie Lee

One of the most lucrative tax deductions for homeowners is the mortgage interest deduction. The deduction is the government’s way of incentivizing people to become home owners by offering a significant tax break. While effective, it’s inherently unfair.

Those who can afford to buy a home are rewarded with a reduced tax liability thanks not just to the mortgage interest deduction, but also the deduction of property tax payments. The ability to take advantage of these deductions opens up the entire Schedule A Itemized Deductions that often leads to

“The upwardly middle-class, aged 25-35, who have not yet reached their peak earning years, with no home, no kids, are the ones who receive no benefit from the existing tax code.”

substantial deductions for things like: charitable contributions, medical expenses, vehicle registrationfees and state income taxes paid, just to name a few. This benefit enables taxpayers to often double, triple and even quadruple the amount of the standard deduction taken by taxpayers who don’t own homes.

The less fortunate don’t miss out completely. The Earned Income Credit, which can refund as much as $5,666 with three qualifying children, can bring significant tax benefits for low income individuals and families. Taxpayers with dependent children receive extra dependency exemptions: the child tax credit, dependent care credit, additional child tax credit and tax credits for post-secondary education costs, to name a few.

The very wealthy or the elderly on fixed incomes may have paid off their homes and aren’t eligible for the mortgage interest deduction. However, they tend to enjoy lower tax rates for capital gains income from their investments. There seems to be a little bit of something for everyone.

Not necessarily. I can easily construct a situation in which a taxpayer essentially enjoys no tax benefits whatsoever. How about the single individual or possibly a married couple without children, who make just enough to make ends meet but still cannot save to buy a house? Or possibly, they prefer renting to the onerous commitment of home ownership. There doesn’t appear to be any tax breaks for them.

Jason Fichtner, senior research fellow at the Mercatus Center at George Mason University agrees. “The upwardly middle-class, aged 25-35, who have not yet reached their peak earning years, with no home, no kids, are the ones who receive no benefit from the existing tax code.”

Fichtner along with research analyst Jacob Feldman have written a paper, “Reforming the Mortgage Interest Deduction,” proposing the replacement of the mortgage interest deduction with a fixed $900 tax credit for all taxpayers with a mortgage. Fichtner states, “It would be revenue neutral and would encourage homeownership without encouraging greater debt-financing by home purchasers.”

According to the report, in 1986 when the deduction for consumer debt was repealed, taxpayers began to shun credit card debt in favor of increasing debt secured by their personal residences.

Fichtner is also in favor of the Tax Reform Act of 2014 by House Ways and Means Chairman David Camp (R-Mich.), which would repeal the mortgage deduction and replace it with a higher standard deduction.
The move would level the playing field and not favor homeowners over renters. But like all major tax reform proposed during the last 20 years, it sits on the shelf, waiting for a Congress to take action. “It won’t happen this year,” Fichtner says. “It’s an election year and no one wants to stick his neck out.”

Well, there’s always next year. One can hope.

Note: The views and opinions expressed in this article are those of the author and do not necessarily reflect the opinion or position of AOL.

Bonnie Lee is an Enrolled Agent admitted to practice and representing taxpayers in all 50 states at all levels within the Internal Revenue Service. She is the owner of Taxpertise in Sonoma, Calif., and the author of Entrepreneur Press book, Taxpertise, The Complete Book of Dirty Little Secrets and Hidden Deductions for Small Business that the IRS Doesn’t Want You to Know. Her new e-book Taxpertise for the Creative Mind Murder, Mayem, Romance, Comedy and Tax Tips for Artists of all Kinds is available at all major booksellers. Follow Bonnie Lee on Twitter at BLTaxpertise and at Facebook.

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