Eastern Panhandle Real Estate Blog

"Almost Heaven With Lake View & Stream"

• 1,100 sq. ft., 1 bath, 1 bdrm 2 story ""Room To Expand"" - MLS® $269,900 USD - "Just Reduced $20,000"

Lakewood Acres, Hedgesville

Looking for the best of both worlds? This outstanding home on 5+ acres offers country lifestyle in a quite community plus the convenience for commuting, shopping and all those necessary day-to-day errands. At sunrise, begin your day sipping coffee on the covered deck overlooking the private community lake and stream with waterfall, then cozy up in front of one of the warm fireplaces at sunset. This custom built home boasts so many timeless features that will be appreciated for many years to come.

The possibilities are endless and future expansion is already in the planning with an installed 4-bedroom septic. The lower daylight level is already studded out for a bedroom, office, full bath and a 23x18 family room with warming woodstove/stone fireplace. Move right in and finish with ease.

Need space for a hobby or artisan profession? There’s plenty of space in this tranquil stream side setting utilizing the two available buildings with water, electric and phone lines in place and ready for hookup. Both buildings are conveniently situated along the circular driveway for easy access.

Property information

Perfect Farmette

• 1,985 sq. ft., 2 bath, 3 bdrm single story - MLS® $299,900 USD

Hedgesville, Berkeley County  -  Farmette with 5 unrestricted fenced acres and remodeled home with new: roof, windows, HVAC system, hot water heater, carpet and a full-house backup generator. Over 1900 sq’ living area offering large bedrooms, country kitchen, sunroom, formal dining and living room with wood burning fireplace.

Turnkey operation ready for horses and small livestock. The 3-stalll barn with individual paddocks features a tack/feed room and heated automatic watering system.

Property information

Just Reduced For Quick Sale - $159,900

Seller is offering $5,000 toward closing costs + AHS Home Warrany. This well maintained home features an open floor plan loaded with extras:

• Built 2000
• 3 Bedrooms/2 Baths 
• Gas fireplace
• Dual line-in for fax & phone 
• Deck with private enclosed hot tub
• Separate dining deck
• 12x12 storage/workshop unit with electricity
• Fenced back yard
  
  
  

Property Information

 

 

West Virginia State Tax Department Publication TSD-389 (December 2007) West Virginia Withholding Requirements for Sales of Real Property by Nonresidents

This publication is intended to provide basic information regarding compliance with the withholding requirements imposed by W. Va. Code § 11-21-71b. This publication is meant to be a source of general information and not a substitute for tax laws or regulations.

Senate Bill 2009, enacted during the November 2006 special legislative session, added a new section (§ 11-21-71b) to the West Virginia Personal Income Tax Code.

This new provision states that for taxable years beginning on or after January 1, 2008, a real estate reporting person is required to withhold income tax on sales or exchanges of West Virginia real property and associated tangible personal property when the seller is a nonresident individual or entity. Withholding is only required when the sale causes a change of ownership on the land books of a county assessor.

The term "nonresident entity" is defined as an entity that is not formed under the laws of West Virginia and is not qualified or registered with the Tax Commissioner to do business in West Virginia. If the entity holds a current West Virginia business registration certificate, no withholding is required.

The "real estate reporting person" is any of the following persons involved in the real estate transaction, in the order stated below:
1)   The person (including any attorney or title company) responsible for closing the transaction,
2)   The mortgage lender,
3)   The seller's broker,
4)   The buyer's broker, or
5)   Such other person designated in regulations prescribed by the U.S. Secretary of the Treasury. (Treasury Regulation 26 CFR § 1.6045-4)

The buyer of the property is not the real estate reporting person (and so is not required to withhold personal income tax on the transaction) unless there is no attorney, mortgage lender or broker involved in the sale.

"Total payment" is defined as the total sales price paid to the transferor less:
1)   Debts of the transferor secured by mortgage or other lien on the property being transferred that are being paid upon the sale or exchange of the property, and
2)   Other expenses of the transferor arising out of the sale or exchange of the property and disclosed on a settlement statement prepared in connection with the sale or exchange of the property, not including adjustment in favor of the transferor.

The "amount to be withheld" is either:
1)   2.5% of the total payment to a nonresident individual or entity who sells or exchanges real property located in West Virginia after December 31, 2007, or
2)   6.5% of the estimated capital gain derived from the sale or exchange.

The amount of tax withheld must be paid to the real estate reporting person before the deed or other instrument transferring title to the realty is presented for recordation or filing in the county clerk's office. The withheld amount must be remitted to the Tax Commissioner within 30 days after it is withheld.

There are 6 statutory "exceptions" from withholding under this provision:
1) The Transferor is a resident or a resident entity in West Virginia.
2) If the Transferor presents to the real estate reporting person, a certificate issued by the Tax Commissioner stating:
     a. No tax is due from the transferor in connection with that sale or exchange of property; or
     b. A reduced amount of tax is due from the transferor in connection with that sale or exchange of property and stating the reduced amount that should be collected by the real estate reporting person before recordation
or filing; or
     c. The transferor has provided adequate security to cover the amount required to be withheld.
3)   The transfer is pursuant to a foreclosure of a mortgage deed of trust or other lien instrument or pursuant to a deed in lieu of foreclosure.
4)   The transferor is a governmental agency.
5)   The property is the principal residence of transferor.
6)   The property is transferred pursuant to a deed or other instrument of writing that includes a statement of consideration that indicates consideration payable for the transfer is zero.

Applicable reporting forms can be found on our website at http://www.state.wv.us/taxdiv/.

Assistance may be obtained by calling Taxpayer Services Division (304) 558-3333 or 1-800-WVA-TAXS (1-800-982-8297) A TDD Service is available for the hearing impaired by calling 1-800-2TAXTDD (1-800-282-9833) To order forms or publications call the automated information system at: (304) 344-2068 or 1-800-422-2075 Or visit our website: http://www.state.wv.us/taxdiv

 

Aside from their beauty, trees provide many significant benefits to homes, streets and cities. They keep the air supply fresh, provide shade and shelter, and minimize noise pollution. They can also increase the value of your property by up to 25 percent. Professional tree appraisers can determine the dollar value of your trees and plants by evaluating their size, type, condition and location. But regular care is what's ultimately more cost-effective and important in maintaining and protecting the value of trees.

Proper tree maintenance involves pruning, watering, mulching, pest management and, sometimes, removal. Inspect your trees for signs of disease or insect damage as well as potential hazards, such as large dead or detached branches, mushrooms at the base of the tree, and proximity to utility lines.

When you need professional help, be sure to find a certified arborist with a reputable tree care company. You can start by looking in the Yellow Pages, but remember that some of the most highly regarded companies rely more on word-of-mouth marketing. Seek recommendations from neighbors and friends, make calls to several companies and interview each one. Before you hire a company, ask for copies of valid and current insurance certificates and get a detailed written estimate of the work needed and costs. Also be sure to get a complete diagnosis before a tree is cut down. Beware of companies that solicit work door to door, demand payment in advance or advertise topping - a harmful practice of cutting back a tree's crown.

MLS® $410,000 - Turnkey Farmette.
 
Here it is, the "picture perfect" gentleman's horse farm close to the Charles Town Racetrack and the new Henry Arena. This stately 5 acre horse farm is located in a quiet country setting and still minutes from the I81 corridor featuring a gorgeous 3 bedroom/2.5 bath colonial nestled in the trees overlooking 4 acres of fenced pastures with mountain views. The well planned 3 stall barn with water and electricity offers a tack room, large loft and run-in sure to please any horse lover.

 

Property information

3,000 sq. ft. - 4 Bedrooms - 3 Baths - "The Berkeley" Model - MLS® $324,000

This home is better than new because if shows like a model. The owners have babied their home and made many wonderful improvements in such a short time including a new deck and firepit area with a water feature. Close to schools and shopping in the fast growing Spring Mills area. The close proximity to interstates 81 and 70 make this an easy commuter's location to the Washington DC/Baltimore beltway.

 

Property information