Hartford County, CT Real Estate News

By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Market Statistics for Southington CT August 2021    Search for Homes in Southington CT Currently in Southington CT there are 46 active residential listings for sale, with 20 new listings being added in August 2021. The homes for sale in Southington CT range from a 1,056 square ft, 2-bedroom mobile home listed at $70,000 to a 1,807 square ft, 3-bedroom, ranch listed at $1,650,000. The average list price of the homes currently available for sale in Southington CT is $411,366. The average days on market for these homes are 40 days. In addition, there are currently 40 homes under contingency contract and 71 homes under hard deposit.   In August 2021, 77 homes closed in Southington CT. They ranged from a 750 square ft, 2-bedroom mobile home, which sold for $86,900 to a 4,625 square ft, 5-bed...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Open House 627 Pine St, Bristol CT   1-3 PM Sunday 8/29 A public Open House on this comfortable contemporary in the Forrestville section of Bristol CT.  Convenient to schools transportation, services and hghway.New reduced price of $198,000  an ideal starter home with open space.  MLS#170420923   A 3 bedroom property with new furnace, newer roof, upgraded windows.Open House Hosted by Ed Silva  203-206-0754  Open House 627 Pine St, Bristol CT   1-3 PM Sunday 8/29
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
Few things are as frightening as opening the mailbox and finding a letter from the IRS, especially when you know you owe them money. The much feared tax agency does not contact taxpayers just to say hello; receiving communication from them is not likely to be good news.   When your heart stops pounding and you get the courage to open the letter, you get another shock - in the form of a large amount due, one you cannot possibly afford. So what do you do, and how do you react?   The steps you take next could make all the difference, and here are some immediate actions you need to complete right away.     Step #1 - Stop Panicking, Take Action If you owe back taxes, our firm can help negotiate with the IRS and potentially settle your tax debt. Call us today. Our tax resolution specialists ...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
No one wants to be on the bad side of the IRS, yet that is where millions of taxpayers find themselves each and every year. As enforcement efforts ramp up at the IRS, the number of letters landing in mailboxes is continuing to increase and one of them could be heading your way. If you do receive a notice from the IRS, it is important to act fast, especially if you cannot afford to pay what the IRS says you owe. You may be tempted to do nothing or ignore the situation, but every day  you wait will just make an already bad situation that much worse. The good news is you may not have to pay what the IRS says you owe! There are a number of programs designed to give taxpayers relief, in many cases allowing them to settle their tax debts for much less. But before you can enjoy that financial ...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
The rise of freelancing, self-employed and gig work is one of the biggest labor stories of the last 20 years. More and more workers have been looking beyond the normal nine to five and making their own way in the world, creating an income they can rely on, one that is directly tied to their skills and abilities. COVID-19 only accelerated this trend.  Working as a freelancer or gig worker can also open a world of tax savings possibilities. From retirement plans with generous contribution limits to health savings accounts to cover the high cost of private insurance to the ability to write off office supplies and other essentials, this class of workers enjoys some truly phenomenal tax breaks. Generous Deduction or Audit Trap?One of the most generous of those tax breaks is also one of the m...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
People often dream of quitting their jobs and going into business for themselves so that they can pursue a passion and work without a boss. Self-employment can be a rewarding career decision, but it can lead to higher taxes and tax returns that are more complex that what you initially bargained for.  If you’re self-employed, it is important to understand how taxes work so you can avoid making a mistake and owing more than your fair share of taxes.  Note: If you owe back taxes and need tax relief, our firm can help! We specialize in resolving complicated self-employed and small business back tax problems. Contact our firm today!   Definition of Self-Employment The IRS considers you to be self-employed if you work as a contractor, freelancer, small business owner or are otherwise in busin...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Market Statistics for Southington CT June 2021   Search for Homes in Southington CT Currently in Southington CT there are 44 active residential listings for sale, with 12 new listings being added in June 2021. The homes for sale in Southington CT range from a 1,022 square ft, 2-bedroom mobile home listed at $99,900 to a 1,807 square ft, 3-bedroom, ranch listed at $1,650,000.The average list price of the homes currently available for sale in Southington CT is $388,383. The average days on market for these homes are 38 days. In addition, there are currently 154 homes under contract in Southington CT, with 41 having gone under contract in June.  In June 2021, 71 homes closed in Southington CT. They ranged from a 700 square ft, 2-bedroom mobile home, which sold for $61,500 to a 4,582 square...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
3 Bedroom Contemporary for sale in Bristol CTMLS# 170420923 Priced at $205,000Located at 627 Pine St in Bristol CT This comfortable 3 bedroom is a great alternative to a condo. Ideal for a first time home buyer with ample space for entertaining. Private back yard, all fenced for privacy and safety. Ample sized bedrooms and plenty of room for entertaining in the living/dining room. This home also offers a large deck to grill or sit outside and enjoy the peaceful surroundings. It's fantastic location near dining, shopping, highways, ESPN, Lake Compounce, make it a great starter home or downsizer. Bristol CT Contemporary For Sale  627 Pine St
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
If you took on a side hustle last year to make ends meet and earn some extra cash, you may have found a surprise when you filed your taxes. If you did not prepare carefully, you probably ended up with a big tax bill for your troubles, possibly with penalties and interest added on. Given the unpleasant surprises of the past, you may be resigned to a life of higher taxes, all courtesy of the very side hustle you thought would help you gain financial freedom. But before you put away your driving gloves and give up on ride sharing and grocery delivery, you might want to take a second look at your situation. With the right planning and preparation, your side hustle could actually lower your tax bill, giving you an even bigger reason to keep driving, door dashing and doing whatever it takes t...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
Proper tax planning is a year-round proposition. You cannot afford to wait until April to start planning your taxes and assessing your tax liability.   Knowing which factors can raise your taxes is one of the best ways to keep more money in your pocket. These five factors can unexpectedly raise your taxes owed at the end of the year.   Note: If you owe back taxes, our firm can help negotiate with the IRS and potentially settle your tax debt. Call us today. Our tax resolution specialists can navigate the IRS maze so that you have nothing to worry about.     #1 - Cashing in Your Retirement Plan There are many reasons not to cash in your retirement plan early, but the tax penalty is one of the biggest ones. If you take the proceeds from your 401(k) plan in cash instead of rolling it over ...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Market Update  July 2021 Active Adult 55+ Condos in Southington CT  Spring Lake VillageSpring Lake Village in Southington CT is a complex of 640 condos designed for adults that want the comforts of a home but without the added maintenance.The condos at Spring Lake Village have been built up in phases over 30 years so there are a variety of styles, all built with quality and comfort in mind. Almost all have first floor master bedroom suites with walk-in closets and spacious full baths. There are 1, 2 and 3 bedroom units, with a second full bath, and many with attached garages for weather convenience. Full basements for extra storage and first floor laundry are common.As the condos were all built in phases, there are 6 separate associations and management companies that oversee the separa...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
Being an adult has its perks, from being able to rent a car and book a hotel room to the chance to earn a living and rent an apartment. But life as an adult also comes with some challenges, including the burden of filing and paying taxes. If this year is the first time you will be filing a tax return, it is important to plan ahead. Mistakes are common among first-time filers, and those blunders could delay a much-anticipated refund or even trigger an audit from the IRS.  Here are 9 of the mistakes first-time filers are likely to make - and how you can avoid them.  Note: If you or someone you know owes back taxes, our firm can help negotiate with the IRS and potentially settle your tax debt. Call us today. Our tax resolution specialists can navigate the IRS maze so that you have nothing ...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Market Update  June 2021 Active Adult 55+ Condos in Southington CT  Spring Lake VillageSpring Lake Village in Southington CT is a complex of 640 condos designed for adults that want the comforts of a home but without the added maintenance.The condos at Spring Lake Village have been built up in phases over 30 years so there are a variety of styles, all built with quality and comfort in mind. Almost all have first floor master bedroom suites with walk-in closets and spacious full baths. There are 1, 2 and 3 bedroom units, with a second full bath, and many with attached garages for weather convenience. Full basements for extra storage and first floor laundry are common.As the condos were all built in phases, there are 6 separate associations and management companies that oversee the separa...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
If you are working as a freelancer or gig worker, you are certainly not alone. Millions of men and women are earning extra income driving for ride sharing services, designing websites for online entrepreneurs and writing for local businesses.  Some freelancers and gig workers have even said goodbye to their traditional careers, trading the security of a steady paycheck for the freedom and flexibility of gig work and freelance clients. But whether you are freelancing full time or just for extra cash, you need to keep careful records so come tax time, you can stay out of tax trouble.  Note: If you fall behind on filing your taxes, you’re not alone and we can help. Reach out to our tax resolution firm and we’ll help you file late tax returns and negotiate with the IRS if you owe back taxes...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
Tax returns can be complicated and tricky to understand. Even for a professional, it can be surprisingly difficult to get every number and detail right.  Often, you only notice the mistakes when you take a casual look at your return days after you submit it online or drop it in the mailbox. Or worse, the IRS sends you a letter telling you something is off. So, is there anything that you can do after your return is in? Actually, there's a lot that you can do. But if you don’t know where to start, it’s best to leave it to a professional. Our tax resolution specialists can navigate the IRS maze so that you have nothing to worry about. We help people who owe back taxes or have back tax debt. Call us today for a free consultation. 3 Major Types Of MistakesThere are many red flags the IRS loo...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Market Statistics for Southington CT April 2021   Search for Homes in Southington CT Currently in Southington CT there are 45 active residential listings for sale, with 8 new listings being added in April 2021. The homes for sale in Southington CT range from a 924 square ft, 2-bedroom mobile home listed at $139,900 to a 1,807 square ft, 3-bedroom, ranch listed at $1,750,000. The average list price of the homes currently available for sale in Southington CT is $395,717. The average days on market for these homes are 35 days. In addition, there are currently 95 homes under contract in Southington CT, with 24 having gone under contract in April.   In April 2021, 55 homes closed in Southington CT. They ranged from a 805 square ft, 2-bedroom mobile home, which sold for $60,000 to a 2,828 squ...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
            A lot of our clients that come to us with back tax problems are self-employed. For one reason or another, they fall behind on their taxes. With COVID-19, small businesses have been hit the hardest and despite the government stimulus bills, there are still millions of businesses teetering on the border of failure. It’s understandable that a few of them fell behind on their taxes and we’re here to help.   Our firm specializes in tax problem resolution. We can represent you before the IRS. We serve clients virtually so don’t hesitate to reach out. If you want an expert tax resolution specialist who knows how to navigate the IRS maze, reach out to our firm and we’ll schedule a no-obligation confidential consultation to explain your options to permanently resolve your tax proble...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Market Statistics for Southington CT March 2021   Search for Homes in Southington CT Currently in Southington CT there are 41 active residential listings for sale, with 15 new listings being added in March 2021. The homes for sale in Southington CT range from a 1,196 square ft, 3-bedroom ranch style home listed at $189,700 to a 3,526 square ft, 3-bedroom, ranch listed at $1,750,000. The average list price of the homes currently available for sale in Southington CT is $434,614. The average days on market for these homes are 89 days. In addition, there are currently 84 homes under contract in Southington CT, with 28 having gone under contract in March.   In March 2021, 46 homes closed in Southington CT. They ranged from a 924 square ft, 2-bedroom mobile home, which sold for $80,000 to a 7...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Market Statistics for Southington CT February 2021    Search for Homes in Southington CT Currently in Southington CT there are 84 active residential listings for sale, with 22 new listings being added in February 2021. The homes for sale in Southington CT range from a 700 square ft, 2-bedroom mobile home listed at $58,900 to a 4,478 square ft, 4-bedroom, colonial listed at $819,888. The average list price of the homes currently available for sale in Southington CT is $348,089. The average days on market for these homes are 73 days. In addition, there are currently 76 homes under contract in Southington CT, with 13 having gone under contract in February.  In February 2021, 37 homes closed in Southington CT. They ranged from a 800 square ft, 2-bedroom half-duplex, which sold for $120,000 ...
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By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
If you are a procrastinator, tax filing season is probably the worst time of year. With deadlines looming, filling out all those complicated forms and making sense of an increasingly complex tax code that changes almost every year can seem like an overwhelming task. But no matter how long you put it off, the April 15 tax filing deadline will arrive, and what you do to get ready will make all the difference. Most Americans voluntarily file their tax returns and pay their taxes. Most people explain it by saying they want to pay their fair share. Others file to get a refund, claim a credit or avoid breaking the law. There are times when normally law-abiding citizens fail to file. Why? IRS research shows that sometimes people don’t file in years their filing status changes, such as due to t...
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