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Email: luby@thelubygroup.com
Phone: 847-691-3150
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Feature Home - Waterfront on Green Lake,WI Price: $1,995,000  A Great Value!  
 
Location:   Green Lake, Wisconsin
Type:   Single Family Home
Bedrooms:   7
Bathrooms:   6 full, 1 half
MLS#:   70152
Listing Agent and Office:  Jeffrey E. Shadick, Special Properties, LTD
PRICED TO SELL The views speak volumes about this private retreat with 153 feet of beautiful frontage on Big Green Lake, Wisconsin less than three hours from Chicago! For more information or to arrange a private showing, call Susan Prokos at 224-639-0227.
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Feature Home - Magnificent Nearly New Price: $1,975,000  Upscale Finishes  
 
Location:   Barrington
Type:   Single Family Home
Bedrooms:   5
Bathrooms:   6 full, 1 half
MLS#:   07283725
Fab finishes thruout w/travertine & HW floors, volume & tray ceilings, 2 stone fireplaces, chef's Kitchen, main Master BR, 4 BR's up all w/baths. Full finished Lower Level w/stunning bar, stone fp, game area plus theater room w/equip, bath & exercise room
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Feature Home - Unique Home w/ Upscale Amenities Price: $1,699,000  Resort-Like Living  
 
Location:   Lake Barrington
Type:   Single Family Home
Bedrooms:   4
Bathrooms:   4 full, 2 half
MLS#:   07205400
Home has Old World craftsmanship & Tuscan warmth in every detail. A 3-stop elevator services all levels. Main Floor Master BR w/Sitting Area w/bar & deck, 2 walk-in closets & stunning bath. Wall of windows in LR. Eye-popping kitchen
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Feature Home - Barrington Hills Ranch - Horses Welcome Price: $1,150,000  Country Setting  
 
Location:   Barrington Hills
Type:   Single Family Home
Bedrooms:   4
Bathrooms:   4
MLS#:   06790579
This sun-splashed 4 BR, 4 Bath Ranch has a country feel but is close to the Village. Gleaming hardwood floors, a cathedral ceiling in the LR & soft neutral colors enhance this charming home. Steps from the home are a 2-stall barn, pastures & horse trails
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Feature Home - Minutes to Barrington Village Price: $1,089,000  Better Than New  
 
Location:   Barrington
Type:   Single Family Home
Bedrooms:   5
Bathrooms:   4 full, 1 half
MLS#:   07129487
Village Victorian offers absolute luxury w/great charm. Huge home w/5 BR's, 4.1 Baths, finished LL & unfinished attic w/indoor stairs. Five years new w/all upscale features. Wrap-around porch, w/professional gardens, paver patio, large garage w/storage.
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Feature Home - Oaksbury Elegance Price: $849,000  Fabulous Remodel  
 
Location:   North Barrington
Type:   Single Family Home
Bedrooms:   4
Bathrooms:   3
MLS#:   07327283
This 4 bedroom 3 bath Colonial offers a stunning Family Room addition, gourmet Kitchen & picture perfect patio for entertaining!
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Feature Home - All Brick Inverness Georgian Price: $750,000  3-Stop Elevator!  
 
Location:   Inverness
Type:   Single Family Home
Bedrooms:   4
Bathrooms:   3 full, 2 half
MLS#:   07241285
Brick Georgian features elevator, 3 fpls, 3.2 Baths & 4 Bedrooms. Foyer w/stone flrs, oak front doors, palladian windows & curved stairs. Elegant LR & DR w/bay windows & HW. Ample storage in Eat-in Kitchen. Partially finished LL w/Rec Rm, fp & wet bar.
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Feature Home - Upscale Inverness Shores Price: $650,000  Convenient Location  
 
Location:   Inverness
Type:   Single Family Home
Bedrooms:   4
Bathrooms:   3 full, 1 half
MLS#:   07268033
This 4 or 5 Bedroom, 3.1 Bath home is situated on 1.95 acres backed by a quiet conservation area. Expansive yard with paver patio, deck, gazebo, play set, child's play house (storage shed), locked indoor lap pool. Main floor bedroom or study. Rec Room.
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Feature Home - Move in Ready in the Village Price: $639,000  Cape Cod Charm  
 
Location:   Barrington
Type:   Single Family Home
Bedrooms:   3
Bathrooms:   2 full, 1 half
MLS#:   07203867
Eyecatching 3 BR brick Cape Cod in Village location wows from the curb w/new roof & siding plus a mix of personality & great living space. Hardwood floors in LR w/FP & in DR w/vintage cabinet promise elegant entertaining. 2 newer baths. Eat-in Kitchen.
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Feature Home - Park & Pond View on Wooded Acre Price: $639,000  Stylish & Updated  
 
Location:   Lake Barrington
Type:   Single Family Home
Bedrooms:   4
Bathrooms:   2 full, 1 half
MLS#:   07328274
This stately 2-story Colonial is situated on a beautiful wooded acre across from a park & pond. Updates include new siding, windows, brick paver patio & more.
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Real Estate Tips
Tax Considerations >New 1031 Exchange Rules

One of the most popular "tax deferring" strategies for real estate owners who are selling one property and acquiring another is the use of Section 1031 of the Internal Revenue Code. It is an effective way to defer paying income tax on capital gain generated by the sale of a property when you intend to reinvest the proceeds in a similar, "like-kind" property. Almost any kind of real property is considered "like-kind" with any other real property.

A recently enacted law closes what was considered a loophole in the Section 1031 rules. In some cases, owners of investment real estate have used the 1031 Exchange to swap their investment property for real estate that could be readily converted to an owner-occupied residential property. After the exchange, they made the property into their principal residence, lived in it for a couple of years, then sold it. Now the American Job Creation Act of 2004 has ruled that properties converted from a 1031 exchange property into a residence must be held and used as a principal residence for at least five years to qualify for the tax exemption. Otherwise, the basic tax-deferring benefits of 1031 exchanges remain the same.

Consult your tax advisor for more detailed information.

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Real Estate Trivia
Q 
What is the maximum interest you can deduct on your federal tax return to purchase or improve a first or second home?

A 
One of the greatest benefits of home ownership is the federal tax deduction for interest up to, but not exceeding, $1million.
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The Luby Group, REALTOR®, real estate agent and broker for Chicago Northwest Suburbs, Barrington, Inverness and Palatine, Illinois home listings, property and land for sale - NUMBER1EXPERT

The Luby Group - Suzanne & Liz Luby - IL Licensees
Coldwell Banker

303 E. Main Street, Suite 100
Barrington, IL 60010
Suzanne: 847-922-7773
Liz: 847-691-3150
Office: 847-277-2777
Fax: 847-382-4990
Luby@TheLubyGroup.com

Suzanne and Liz Luby begin each client relationship with a simple commitment to superior service. With more than twenty years of experience in the Barrington, Inverness and Chicago Northwest Suburban markets, Suzanne and Liz Luby offer home buyers and sellers expert real estate guidance based on the highest professional and ethical standards. The Lubys believe their business is about building lasting relationships through communication, trust, knowledge and expertise. Their team approach has consistently ranked them among the top 100 of Coldwell Bankers’ Chicagoland agents, and top 1% nationally.

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Coldwell Banker real estate and homes for sale in Chicago Northwest Suburbs, Barrington, Palatine, Arlington Heights, Illinois

Coldwell Banker real estate and homes for sale in Chicago Northwest Suburbs, Barrington, Palatine, Arlington Heights, Illinois

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