EAGLESTAR.NET LAND AND PROPERTY REVIEW
http://www.eaglestar.net
Issue #68
May 19, 2009

IN THIS ISSUE:
Properties of the Week:
- AR, CO, KY, & VA
Real Estate Roundup
- $8000 Tax Credit for First-time Buyers
Auction News:
- CA, CT, IL, KY, MI, OK, SC, & VA
Sponsor's Corner:
- Blue Heron Woods, PA
LandTerms.com Term of the Week:
- Tangible property


PROPERTIES OF THE WEEK
For more information about any of these properties, including a Google map,
photos, and seller contact information, please use the link at the end of each
listing.

Lovely 1 1/2 Story Country Home
Russell Springs, Russell County, Kentucky
1.07 Acres - $245,000
This beautiful 1 1/2 story vinyl sided home is in immaculate condition. Home
features 4 bedrooms with master bedroom and bath on main floor, 3 bedrooms
upstairs with full bath plus half bath on main floor and in basement. Spacious
kitchen features all stainless steel appliances; dining room open to kitchen,
living room with fireplace. Finished walkout basement with den and gas
fireplace, office and storage area. Listing ID: 21444. Photos and more
information at http://www.eaglestar.net/nls2-.html

Rustic, Historic Cowboy Cabin
Cotopaxi, Fremont County, Colorado
35.15 Acres - $232,500
Step back in time with this charming 1 bedroom, 1 bath historical 'circa 1898'
cabin. Complete with propane lights and wood burning cook stove, this 480
square foot cabin is ready to live in as is or while building a dream home.
Many building sites offer magnificent views of the Sangre de Cristo Mountains.
A bunk house, corral and barn with lush meadows and perimeter fencing for
horses make this 35 acre parcel an ideal family getaway. Listing ID: 19825.
http://www.eaglestar.net/wsmn27-.html

Scenic Mountain-top Farm
Bland, Bland County, Virginia
60 Acres - $335,000
Beautiful mountain farm with 10 mile views adjoining over 3,000 acres of
Jefferson National Forest with many deer, bear turkey, and grouse hunting
opportunities. 2 streams, timber, fruit trees, and food plots. 3 bedroom, 2
bath house with upgrades and a large workshop. An incredible investment or
family retreat and ideal for a new log home. Just 6 miles from Interstate 77.
Listing ID: 18036. Photos and more information at
http://www.eaglestar.net/phps.html

3BR Home, Numerous Upgrades
Bismarck, Hot Spring County, Arkansas
5 Acres - $166,000
This home is 3 bedrooms and 2 baths on 5 acres located in Bismarck, Arkansas
near Lake DeGray. Featuring new sunroom, updated country kitchen, massive shop,
rare attached green house, new air-conditioning unit, and lots of trees.
Looking to relocate to a quiet country setting close to lakes, golf courses,
hunting properties, and great shopping? Four picturesque green acres, one acre
in many hardwoods, and over 100 trees planted (some will grow more than 12 feet
per year). Listing ID: 19368. http://www.eaglestar.net/crx.html


REAL ESTATE ROUNDUP: $8000 Tax Credit for First-time Home Buyers
With the passage of the American Recovery and Reinvestment Act of 2009,
first-time home buyers (including those who have not owned a home as their
primary residence within the previous three years) are eligible for an $8,000
federal income tax credit from the IRS. We hope this short summary answers most
of your questions; we have also included links to more information. The summary
was provided to the Land & Property Review courtesy of the Cleveland Ohio Real
Estate Blog (http://www.youshouldown.com/blog.asp) and Cleveland Ohio Real
Estate, Howard Hanna, Broker (http://www.youshouldown.com).

*The tax credit is for first-time home buyers only. (You have not owned a
principal residence in the last three years, vacation property not included.)
Single family homes and condos are included.

*Homes purchased in 2009 only (unfortunately, it was not grandfathered or
retroactive.) If you already purchased a principal residence between April 9,
2008 and January 1, 2009, you may be eligible for the $7,500 tax credit but it
will need to be repaid.

*The tax credit is $8,000 maximum or 10% of the cost of the home and it does
not have to be repaid. (You must own the home for at least three years or
you'll have to repay the credit. Death, divorce or other special circumstances
may lead to an exception.)

*In order to be eligible, there are income limits. $75,000 for a single person
and $150,000 for a couple. If you make more, you may still be eligible for
reduced credits.

*The tax credit eligibility will expire December 1st, 2009.

*The bill will restore the 2008 FHA and GSE mortgage limits for the country. If
there is an area that has already increased in 2009, that limit would remain.

You can find an in-depth FAQ with much more information about this topic from
the Cleveland Ohio Real Estate Blog here (scroll down to the Frequently Asked
Questions):
http://www.youshouldown.com/2009/02/housing-bill-tax-credit-and-loan-limit.asp

The National Association of Home Builders also offers information about the
credit at
http://www.federalhousingtaxcredit.com/2009/faq.php


AUCTION NEWS
Browse thumbnail photos and short property descriptions at
http://www.eaglestar.net/Land_Auction_Calendar/index.html

Fully Integrated Smart Home
Auction: Wednesday, May 20, 2009
New Hartford, Litchfield County, Connecticut
Privacy and luxury redefined. This stunning, completely custom "Smart" home on
12 acres features a gated entry, 5,025+/- sf (per seller), 4BR and 4.5BA.
Nothing was spared in the construction of this home built in 2000. Countless
upgrades include a newly renovated kitchen with Viking Professional Series
appliances, a spa room and a custom home theater with retractable screen and
wet bar. Listing ID: 24082. Photos and more at
http://www.eaglestar.net/ww6.html

30 Acres in 3 Parcels - Woods, Home, & More
Auction: Thursday, May 21, 2009
Claremore, Rogers County, Oklahoma
30 acres for sale in 3 parcels. Includes 5 BR home, land, garage, barn, woods,
creeks, and much more. Parcel 1 is 3 acres with 5BR home. Parcel 2 is 23 acres
with barn, pond, pasture, woods, and creek. Parcel 3 is 4 acres, mostly wooded,
with creek and creek views. Listing ID: 24000. Find photos and more information
at http://www.eaglestar.net/ww2.html

Livestock, Development, or Ranchette Land
Auction: Thursday, May 21, 2009
Nowata, Nowata County, Oklahoma
510 acres in 5 parcels with prime opportunities for livestock, ranchettes and
investment. Property is north of Tulsa near Lake Oologah and Nowata, close to
all amenities of Lake Oologah and Nowata including fishing, boating restaurants
and shopping. Parcels range from 40 to 180 acres of rolling pasture including a
barn and working pens located on Parcel 5, as well as scenic land with partial
views of the lake on other parcels. Listing ID: 24001. Photos and more
information at http://www.eaglestar.net/ww3.html

Redevelopment/Commercial Opportunity*
Auction: Thursday, May 21, 2009
Desert Hot Springs, Riverside County, California
General commercial property, previously operated as a 21 unit motel. Site could
be used as a restaurant, coffee shop, drug store or retail sales type property.
Great investment opportunity or potential to redevelop the site. Located
minutes from downtown Palm Springs, at the corner of the signalized
intersection of Palm Dr and Ironwood Dr. Zoned C-G General Commercial. Listing
ID: 24078. See photos and more information at http://www.eaglestar.net/ww1.html

Custom Home on the Shores of Lake Michigan*
Auction: Friday, May 22, 2009
South Haven, Van Buren County, Michigan
Sprawling custom-built home on a private lane just moments south of downtown
South Haven. Nestled on the shore of Lake Michigan with 230+/- feet of
frontage. Enjoy breathtaking views from the wrap-around porch. Additional
features include an in-ground pool, fire pit and dual decks for entertaining. 6
bedrooms, 5 baths, and 5,120 square feet. Listing ID: 24083. Photos and more
information are available at http://www.eaglestar.net/ww7.html

Pine Mountain Estates
Auction: Saturday, May 23, 2009
Independence, Grayson County, Virginia
7 home site tracts to be auctioned in this beautiful gated community located in
the Blue Ridge Mountains. Includes 7 acre mountain ridge-top home site with a
40 mile view. on a clear day. Nature and wildlife are in abundance. Also
available: 13.9 acre home site cleared and ready-to-build. All wooded tract
with stream and private driveway. Additional lots also available. Listing ID:
20361. Photos and additional information at http://www.eaglestar.net/ccr.html

Farm, Stone House, Barn, & Personal Property
Auction: Saturday, May 23, 2009
Russell Springs, Russell County, Kentucky
Bedford stone house and 8-stall horse barn on a beautiful farm, partially
wooded with a creek in back. Personal property also for sale. 16.7 acre
property is located just west of Russell Springs. Listing ID: 23987. Photos and
additional details are available at http://www.eaglestar.net/knp3-.html

Amazing 4BR Brick & Stone Home*
Auction: Wednesday, May 27, 2009
Naperville, Du Page County, Illinois
Beautiful all brick and stone home on a corner lot. Finished basement, 10 foot
ceilings, huge office, nice patio and 3 car side loading garage. 4 bedroom, 4.5
bath, 4,255 square foot home located in Washington Woods. Built in 2004 on 0.29
acres. Elegant home with professional landscaping. Open floorplan with designer
color palette. Great kitchen has custom cabinets and center island. Multiple
living spaces, sitting room adjacent to kitchen has a stone fireplace and
windows overlooking the back yard. Listing ID: 24084. Find photos and more
information at http://www.eaglestar.net/ww8.html

16 New Condo Units in Ashley Park
Auction: Friday, May 29, 2009
Myrtle Beach, Horry County, South Carolina
Ashley Park Homes offers a carefree lifestyle perfect for vacation, 2nd homes,
retirement, primary residence and students. Only 16 units remain, don’t miss
this great opportunity to get a completely move-in ready home convenient to all
the great amenities Myrtle Beach has to offer. Several great beaches
approximately 6 miles away, as well as multiple golf courses, high end shopping
centers and outlet malls, and near Coastal Carolina University,
Horry-Georgetown Technical College and Conway Hospital. Listing ID: 24080. View
photos and more at http://www.eaglestar.net/ww4.html

*You can bid on these properties online. Visit the listing web page for more
information.


SPONSOR'S CORNER
The Land and Property Review would like to thank this week's sponsor:
Blue Heron Woods
Lackawaxen, Pike County, Pennsylvania
11 Acres - $99,500
Located only 2 miles from Lake Wallenpaupack, the property in PA at Blue Heron
Woods is in the heart of the Pocono Mountains and its 4 seasons of recreation.
Rent a slip for your boat on Lake Wallenpaupack and go waterskiing, fishing, or
just enjoy a warm sunny day on the lake. If you're a sportsman you'll have
thousands of acres of state land near our property in PA to hunt on, or go
fishing on the Lackawaxen or Delaware Rivers only minutes away. Listing ID:
24183. Photos, map, contact, and other information at
http://www.eaglestar.net/Detailed/24183.html


BUYERS LIST UPDATE
http://www.eaglestar.net/Land_Buyers_List/index.html
Find the properties you are looking for by placing unlimited free buyer's ads
on Eaglestar.net. This service is intended for serious inquiries only. It's
fast, easy, and best of all, free. Navigate to
http://www.eaglestar.net/pages/buyers.html to begin.

The recent upswing in activity on our Buyers List continues. If you have a Plan
A or Plan B listing on www.EagleStar.net, you might want to check out some of
the new Buyer's Listings that have recently been submitted or updated.

To contact a buyer, please call or email us at 800-239-3448 or
info@eaglestar.net and we will put you in touch with them. Please note this is
a service provided to EagleStar.net clients with PAID property listings only.

Looking near Thurston County, Washington for 5, preferably 10 plus acres. A
structure on the lot and the more trees present on the lot the more interest it
is to me. Please refer to buyer #24243.

Looking in: Georgia. Wanted: Agriculture land in GA over 100 acres. Please
refer to buyer #24177.

Looking in: Mid-East region of USA. Looking for 6-40 acres under $15,000 that I
could live on. No electricity, water, etc. necessary (in fact not preferred).
Prefer small stream(s). Climate must be nice, and location somewhere in the
mid-east regions of USA; Virginia, NC, Kentucky, etc. Willing to pay cash in
full. Please refer to buyer #24179.

Looking in: coastal Washington state. Wanted: Home with acreage, 12+ acres.
Please refer to buyer #24098.

Looking in: Upstate New York. Buildable land, at least 5 acres, in Upstate NY.
Preferably within a few hours of NYC. Land with cabin or house also considered.
Please refer to buyer #24100.

Looking in: Colorado, New Mexico, Wyoming or Utah. Large acreage wanted. Please
refer to buyer #23995.

Looking for irrigated acreage minimum 5,000 acres anywhere in United States.
Please refer to buyer #23996.

Looking in: South Carolina. I need some land for my horses. Please refer to
buyer #23986.

Looking in: Nova Scotia, Canada. 20 or more acres or abutting crown land,
preferably on a lake or river. Vacant land is fine, but an old barn or
outbuildings would be great. Please refer to buyer #23908.

Looking in: Texas or Midwest
Good Midwest to Texas agriculture land in large sections. Prefer private
sellers and none market speculated or over exposure. Looking for buyer for the
interest of that family farm. We are a generational farm family. Please refer
to buyer #23897.

Looking in: Arkansas
Property with owner financing. Please refer to buyer #23811.

Looking in: Wichita Kansas area
2-10 acre property with house that has or has the potential to have at least 4
bedrooms. We are interested in the rural area west of Wichita, KS. Please refer
to buyer #23813.

Looking in: Washington
30 acre mostly wooded near a creek or river, hunting within 20 miles from the
nearest town. No house or buildings. Please refer to buyer #23815.

Looking in: Rapid City South Dakota area
80-100 acres within 1 hr of Rapid City SD. 2-3 bedroom home, barns and/or
livestock pens, corrals, etc. would be nice. No restrictions on building wind
or solar. Call only, no email.
Please refer to buyer #23801.

Looking in: Kansas.
Farmland with a house. Please refer to buyer #23705.

Looking in: Argentina, Brazil, Canada, Europe, Russia and USA.
100,000 acres of land or greater. This can be either existing agricultural land
as a working farm or a ranch. It can be Arable, Beef, Cereal or mixed or other
purpose and can be with Forest. Buyer Prepared to look at Argentina, Brazil,
Canada, Europe, Russia and USA Please refer to buyer #23625.

Looking in: Lexington, Kentucky area
Approximately 50 acres in Lexington outskirts. Looking for small house, barn
and shop/studio. Fully fenced is a plus. Must be priced right or up for
auction. Cash purchase or seller financing. Ideal if set up for horses. Please
refer to buyer #23610.

Looking in: California
20/40 acres w/ house, water, well or spring in Humboldt County, price range
400,000 pre- approved loan. Will pay more if party is willing to carry 2nd.
Looking for a place to call home. Please refer to buyer #23613.

Looking in: Hillsbrough County Tampa, FL area
I am interested in cash purchase of 1 to 2 acre of lot in Hillsbrough County
Tampa, FL area. Please provide me with any listings and information by email.
Please refer to buyer #23533.

Looking in: Tennessee
Historic luxury home on around 15 Acres Size 8,000 plus sq.ft. and a guest
house would be nice. Like for a B&B, or Restaurant, or Retail. In close
proximity to Old Hickory Lake. Please refer to buyer #23525.

Looking in: NW Arizona Mohave County vicinity
1,000 acres minimum around 5,000 ft elevation. Needs to be remote raw land. NW
Arizona Mohave County vicinity, Properties near Kingman, Az, Laughlin NV.
Please refer to buyer #23455.

Looking in: Wyoming
Cabin or home in Wyoming $200,000 or less. Acreage, home and out building if
available. No Emails, Call only please. Please refer to buyer #23452.

Looking in: Kansas
Older, historic type farm home. Acreage and woods 50 acres or more ok. Mainly
use for recreation and hunting. Please refer to buyer #23448.


LANDTERMS.COM TERM OF THE WEEK
http://landterms.com
Each issue we feature a real estate, forestry, natural sciences or other
land-related term from our partner site, LandTerms.com.

This week's term: Tangible property
1. Real or personal property that is visible and has physical form, as opposed
to incorporeal property such as rights or patents. Also known as corporeal
property.
2. Real property consisting of land, improvements to the land (tenements), and
physical appurtenances such as sidewalks.

Find thousands of land-related terms, definitions, articles, abbreviations,
quotations, and more at Landterms.com! Click on the "Categories" button at the
top of each page to see the list of over 35 categories.


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