Category Archives: Connecticut Real Estate

Calcagni Women’s Softball Team Participates in Fundraiser

 

The Calcagni Women’s Softball team participated in the 2nd Annual Sandy Hook Memorial Softball Tournament, held this past Saturday, April 12 & 13 at Westside Field, Wallingford… Great job, ladies!

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Home Selling 101: Capital Gains

for sale

For those who sold their home this year, it’s important to understand how selling your home may impact your tax returns, now that tax season is upon us.  The following information explains how capital gains work for those who have recently sold a home.

If you sell your primary residence, you may be able to exclude up to $250,000 of gain – $500,000 for married couples – from your federal tax return. To claim the exclusion, the IRS says your home must have been owned by you and used as your main home for a period of at least two out of the five years prior to its sale.

There are a few catches: You also must not have excluded gain on another home sold during the two years before the current sale. However, special rules apply for members of the armed, uniformed and foreign services and their families in calculating the 5-year period.

If you do not meet the ownership and use tests, you may use a reduced maximum exclusion amount. But only if you sold your home due to health, a change in place of employment, or unforeseen circumstances.

An extra perk? If you can exclude all the gain from the sale of your home, you do not report it on your federal tax return. If you cannot exclude all the gain, or you choose not to, you must use Schedule D of Form 1040, Capital Gains or Losses, to report the total gain and claim the exclusion you qualify for.

How about for those with more than one home?

You can exclude the gain only from the sale of your main residence. You must pay tax on the gain from selling any other home. If you have two homes and live in both of them, your main home is usually the one you live in most often.

For more information on the home selling process, contact one of our real estate professionals at http://www.calcagni.com

Reprinted with permission from RISMedia. ©2014. All rights reserved.

Calcagni New Agent Spotlight: Donna Myjak

DonnaMyjak, Calcagni Associates Real Estate

DONNA MYJAK, REALTOR

Calcagni Real Estate President Steven Calcagni recently announced the appointment of residential sales agent Donna Myjak to the company’s Southington office.

Donna is a full time REALTOR who specializes in seller and buyer representation, assisting first-time home buyers, new construction, property management and rentals. She is a member of the Midstate Association of Realtors, Connecticut Association of Realtors, and National Association of Realtors.  “Donna is committed to providing professional and personal service to all of her clients. She is a wonderful addition to our growing Southington office,” said Steven Calcagni.

Donna lived in Southington for 13 years prior to moving to Cheshire, where she currently lives. She is very excited to expand her career in real estate, utilizing the tools and the supportive work environment which Calcagni Real Estate offers.  Donna has been involved in many facets of the real estate business, having worked in her family business for over 25 years, dealing with new home construction, property management and rentals.

Donna is available to serve all your real estate needs throughout the Central Connecticut area and beyond and may be reached at Calcagni Real Estate’s office located at 630 Main Street, Plantsville, by calling (860) 860-621-1821 Ext. 523, her cell 860-620-3300 or by visiting:  http://www.calcagni.com/DonnaMyjak

Calcagni Real Estate Announces GNHAR 2013 Q4 Award Winners..

GNHAR Winner Q4 2013

CONGRATULATIONS to our Calcagni REALTORS who were recently awarded with the 2013 4th Quarter Sales Awards by the Greater New Haven Association of Realtors (GNHAR)!! (The award is given to REALTORS who have a minimum of nine completed sales within a quarter of each year)

Calcagni New Agent Spotlight: Leanne DelRosso

Leanne DelRosso  Calcagni Associates Real Estate

Leanne DelRosso, REALTOR

Calcagni Real Estate President Steven Calcagni recently announced the appointment of residential sales agent Leanne DelRosso to the company’s Cheshire office.

Leanne is a full time REALTOR who specializes in seller and buyer representation, assisting first-time home buyers and new construction. She is a member of the Greater New Haven Board of Realtors, Connecticut Association of Realtors, and National Association of Realtors.  “We are thrilled to welcome Leanne back to the team,” said Steven Calcagni, “she is a great addition to our growing team.”

Leanne grew up in Cheshire, where she still lives with her husband and 4 children. She is proud to call Cheshire home and is excited to make real estate her full time career, “It is very rewarding for me to be able to help people transition to the next phase of their lives, whether it is finding their new home or selling their existing home- I will be there for my clients through it all. I love working with people and I am very dedicated and efficient, a great choice for such a big decision.” said Leanne.

Leanne is available to serve all your real estate needs throughout the Central Connecticut area and beyond. She may be reached at Calcagni Real Estate’s office located at 330 South Main Street or by calling (203) 272-1821 Ext. 314 and 203-915-9588, or by visiting:  www.calcagni.com/LeanneDelRosso

 

Snapshot of the Central CT Real Estate Market- November 2013

Some interesting stats that give an overview of our local real estate market in Cheshire, Hamden, Southington, Wallingford, as well as New Haven & Hartford Counties.

Cheshire Real Estate Market Summary

Average price per square foot for Cheshire CT was $148, a decrease of 2% compared to the same period last year. The median sales price for homes in Cheshire CT for Aug 13 to Nov 13 was $281,000 based on 64 home sales. Compared to the same period one year ago, the median home sales price decreased 16.1%, or $54,000, and the number of home sales decreased 15.8%. There are currently 240 resale and new homes in Cheshire on Trulia, including 4 open houses, as well as 24 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Cheshire CT was $410,245 for the week ending Nov 20, which represents a decrease of 1.7%, or $7,036, compared to the prior week.

Cheshire- Nov 2013

 

Hamden Real Estate Market Summary

Average price per square foot for Hamden CT was $145, an increase of 9% compared to the same period last year. The median sales price for homes in Hamden CT for Aug 13 to Nov 13 was $210,000 based on 75 home sales. Compared to the same period one year ago, the median home sales price increased 14.8%, or $27,000, and the number of home sales decreased 24.2%. There are currently 384 resale and new homes in Hamden on Trulia, including 1 open house, as well as 112 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Hamden CT was $225,293 for the week ending Nov 20, which was unchanged compared to the prior week.

Hamden- Nov 2013

 

Southington Real Estate Market Summary

Average price per square foot for Southington CT was $152, an increase of 2% compared to the same period last year. The median sales price for homes in Southington CT for Aug 13 to Nov 13 was $205,000 based on 68 home sales. Compared to the same period one year ago, the median home sales price decreased 24.1%, or $65,000, and the number of home sales decreased 21.8%. There are currently 231 resale and new homes in Southington on Trulia, including 8 open houses, as well as 46 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Southington CT was $323,741 for the week ending Nov 20, which represents a decrease of 5.7%, or $19,495, compared to the prior week.

Southington- Nov 2013

 

Wallingford Real Estate Market Summary

Average price per square foot for Wallingford CT was $152, a decrease of 0.7% compared to the same period last year. The median sales price for homes in Wallingford CT for Aug 13 to Nov 13 was $215,000 based on 91 home sales. Compared to the same period one year ago, the median home sales price increased 3.9%, or $8,000, and the number of home sales increased 12.3%. There are currently 253 resale and new homes in Wallingford on Trulia, including 4 open houses, as well as 101 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Wallingford CT was $288,084 for the week ending Nov 20, which represents a decrease of 2.6%, or $7,605, compared to the prior week.

Wallingford- Nov 2013

 

Home Prices in New Haven & Hartford Counties:

New Haven County- Nov 2013Hartford County- Nov 2013

For information on the real estate in your town, please contact one of our REALTORS at WWW.CALCAGNI.COM

(Stats courtesy of Trulia.com)

Calcagni Real Estate Property Highlight: 15 Stonegate Circle, Cheshire

A unique opportunity to live in Cheshire’s exclusive Stonegate community of maintenance-free homes…

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Upon entering the spacious foyer of this elegantly designed luxury home, you will notice the many upgrades throughout, along with features such as:
An inviting gourmet kitchen, vaulted, light-filled ceilings, 3 bedrooms, including a first floor master, 4 bathrooms, a library and expansive loft area.

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Perfect for entertaining, this home features an additional 1,100 sq ft in the finished lower level.            

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Exterior features include a lovely private patio, and professionally landscaping.

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Property Link: http://calcagni.com/find-my-home/#PropertyID=64563980

Private appointments are available to view this spectacular home by contacting the listing agent at 203-272-1821 Ext. 341, or by visiting WWW.CALCAGNI.COM