Your Tax Return: Bring it Home

Your Tax Return: Bring it Home | Simplifying The Market

This time of year, many people eagerly check their mailboxes looking for their tax return check from the IRS. But, what do most people plan to do with the money? GO Banking Rates recently surveyed Americans and asked the question – “What do you plan on doing with your tax refund?”

The results of the survey were interesting. Here is what they plan to do with their money:

  • 41% – Put it into savings
  • 38% – Pay off debt
  • 11% – Go on a vacation
  • 5% – Make a major purchase (car, home, etc.)
  • 5% – Splurge on a purchase

Upon seeing the research, The National Association of Realtors (NAR) wondered if this could help with a constant challenge cited by many people who wish to purchase a home – saving for the down payment.

In a recent post in NAR’s Economists’ Outlook Blog, they explained:

“With a sizable tax refund, the average American would have a decent down payment depending on which region or market you live in.”

They went on to add:

“Approximately 5 percent of all respondents indicated they would make a major purchase which does not seem like a lot. However, there is a bigger group 41 percent who see saving the tax return is best and that group could be potential home buyers if they are not already.”

In other words, putting that money toward purchasing a home is a form of savings.

Bottom Line

When one considers that first-time home buyers in 2016 had an average down payment of 6%, a decent tax return could go a long way toward the necessary funds needed for a down payment on a house. Or perhaps, the down payment needed by a son or daughter to make their homeownership dream a reality. How are you going to spend your return?  Give me a call for some ideas – J.P. Cook – 602-320-4253.

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4499 E Jones Street Gilbert, AZ 85295

$585,900
3 Beds
2 Baths
1,962 SqFt
Status Active
MLS # 6779168
Property Type Single Family Residence
Price Type --
Stunning model- like home on the Market in Cooley Station! The paver walkway leads you up to the Cobblestone front and travertine covered porch entry. What an inviting space to sip your morning coffee. Three spacious bedrooms and a den complete this floorplan. This home is loaded with upgrades everywhere. Owners suite is spacious and you will appreciate the jetted spa tub in the owners en-suite. The gourmet kitchen is spectacular offering a farmhouse sink, shaker cabinets, SS appliances, large custom island for dining and elegant hardware and lighting. Spacious family room for gatherings and custom built in shelving and storage. Speaking of storage- this home has a lot of it! Large pantry off the kitchen and dedicated storage and sink in the laundry room as well. You will enjoy the added design touches of plantation shutters all throughout the home and custom farmhouse valiances in the living area. Secondary bathroom has double sinks and separate door to the tub shower area. Custom batten board in the 2nd bedroom and designer paint work in the 3rd bedroom. Both of these bedrooms have large walk in closets as well. You will love the outdoor patio area with travertine and low maintenance turf with a beautiful water feature with custom lighting and gorgeous stone work surround. There is a dedicated space for a grill, shed or whatever you want near the back of the lot. Large two car garage with additional storage space near the back. Water softener, R/O system, epoxy in the garage and since this home is newer (2017) so is the roof and AC unit. Cooley Station is a unique place to live and offers 2 community pools, community events, tot lot areas, lots of green space, basketball courts, many walking/biking paths and the Legacy Traditional School within. High end restaurants and shopping are nearby at Verde and the new Fry's is just around the corner. Put this home on your list and check it out today!

2124 E Nighthawk Way Phoenix, AZ 85048

$585,750
4 Beds
2.5 Baths
2,134 SqFt
Status Active
MLS # 6754360
Property Type Single Family Residence
Price Type --
Charming Ahwatukee Foothills home that offers the best of everything. The spacious 4-bedroom home was just updated with new carpet, paint, landscaping and some new lighting. The unique floorplan includes a downstairs bedroom, a large loft and a balcony off the oversized master overlooking the mountains and your resort style backyard with heated pool and spa. All of this in an ideal location only blocks away from the lower 202 for an easy commute to anywhere in the valley. Restaurants, shopping, high end golf courses and a resort casino are all minutes away. The quiet, safe, stable neighborhood has an elite school district and a shocking low HOA of $218 Annually!! This house checks all of the boxes you are looking for.

4098 S Lois Lane Sierra Vista, AZ 85650

$585,000 - 4Br/3Ba -  for Sale in N/a, Sierra Vista
New
$585,000
4 Beds
2.5 Baths
2,380 SqFt
Status Active
MLS # 6787249
Property Type Single Family Residence
Price Type --
Stunning brand new build in the highly desired Sierra Reserve subdivision. This property has majestic views outside. Along with a perfectly positioned covered patio to enjoy them. Constructed with every detail carefully thought out. High end metal roof atop this 4 bedroom and 2 and a half bathroom home. Primary bedroom has its private bath with a stand alone soaking tub and separate shower along with a large walk in closet. Open concept living room to kitchen with vaulted ceilings makes the entry exceptionally grand. Finishes to this home are equally stunning to the counter tops and cabinets to the floors and fixtures. Who doesn't want a new home for Christmas? View this one today and be the first to call this home.

11590 N 170th Lane Surprise, AZ 85388

$585,000
3 Beds
2.5 Baths
2,467 SqFt
Status Active
MLS # 6633496
Property Type Single Family Residence
Price Type --
MLS#6633496 Ready Now! The Appaloosa at Paradisi Venture is a single-story floor plan that boasts 2,467 sq. ft., 3 beds, 2.5 baths, a 2.5-car garage, and a study. A captivating paver courtyard, enclosed by the home, offers privacy for relaxation or entertaining. The foyer leads you to secondary bedrooms, study and into the living area. The open layout of the gathering room, kitchen, and dining area forms the heart of the home. The gourmet kitchen features upgraded 42'' maple cabinets with undermounted lighting, white quartz countertops, & gas cooktop with double oven. The owner suite features walk-in closet, double sinks and countless design upgra Structural options include: pavers at courtyard, garage service door, gourmet kitchen, and gas line for future outdoor kitchen.

10902 E Silver Mine Road Gold Canyon, AZ 85118

$585,000
2 Beds
2 Baths
1,838 SqFt
Status Active
MLS # 6724593
Property Type Single Family Residence
Price Type --
!! ASUMMABLE 4.5% Mortgage!!! Come take a look at this Immaculate home with breathtaking views of the Superstition Mountains on a cul-de-sac. This 2 bedroom home with den, and bonus room, with 2 bathrooms features tile flooring, large kitchen with granite countertops, stainless steel appliances, and breakfast bar, updated bathrooms as well as extended garage with built in cabinets. Whether it's morning coffee or an evening glass of wine. Your very own backyard oasis will not disappoint with heated pool and spa, putting green, BBQ, and AMAZING mountain views. All this in the gated community of Peralta Trail where you are close to amazing golf, hiking trails, mountain biking trails, off roading trails and much more. Come take a look. You'll be glad you did!!

14450 N Thompson Peak Parkway Unit 216 Scottsdale, AZ 85260

$585,000
2 Beds
2 Baths
1,421 SqFt
Status Active
MLS # 6727148
Property Type Townhouse
Price Type --
Stunning 26 foot ceilings in this modern and elegant townhouse. Conveniently located off the 101 and Raintree with access to great shopping and all that Scottsdale has to offer. Two bedrooms and two bathrooms with updated kitchen, appliances, and bathrooms. 1 car attached garage with extra storage. Spacious loft perfect for a home office. Beautiful community pool and heated spa. Very private and quiet.

6830 N 10th Place Phoenix, AZ 85014

$585,000
4 Beds
2 Baths
1,401 SqFt
Status Active
MLS # 6746114
Property Type Single Family Residence
Price Type --
Located in central Phoenix, this beautiful 4bd/2bt split floor plan offers a great room, upgraded stainless steel appliances, and granite countertops. The house features tile flooring throughout the home, lots of storage rooms, and a beautiful green/lush backyard with a large patio. This beautiful home is in Madison school district-2nd Best Elementary School District in Arizona - Ranking Arizona: Top 10 elementary school districts for 2024.

3055 N Red Mountain Unit 77 Mesa, AZ 85207

$585,000
3 Beds
2 Baths
1,571 SqFt
Status Active
MLS # 6781421
Property Type Single Family Residence
Price Type --
Welcome home to this gorgeous single-story, 3BR/2BA split-level home situated on a north/south facing corner lot in the highly coveted community of Las Sendas! Enter to a light, bright and spacious home through a wide hallway leading to the extensive great room with vaulted ceilings, built-in book shelves, upgraded tile flooring and plenty of space to host family and friends. The beautiful kitchen opens to the great room and showcases a breakfast bar, gas range with dual ovens, plenty of cabinets plus an eat-in kitchen with bay window. Retreat in the evening to your expansive and stunning owner's suite w/private access to backyard and an exceptional owners bath complete with exquisitely upgraded vanity w/dual sinks, lighting and mirror; separate soaking tub & shower and a huge walk-in closet. The additional 2 bedrooms and guest bath are split from the owners suite, for maximum privacy. Plus one of the bedrooms has private access to the guest bath which exhibits a beautifully upgraded vanity, lighting and mirror. See Documents section for a complete list of home upgrades & features! Relax at days end in your private backyard oasis complete with a sparkling pool, large turf area, beautiful stamped concrete patio, large stepping stones and low maintenance landscaping throughout. BRAND NEW ROOF (Sept 2024) w/double underlayment and transferable 10-year warranty completes this amazing home! Home is walking distance to two of Las Sendas' largest parks featuring numerous amenities to suit every lifestyle. Minutes away from Saguaro Lake, Salt River, Tonto National Forest, Usury Park and Loop 202. Las Sendas offers activities for every age group, including hiking/biking trails, 2 heated pools and spas, fitness center, lighted tennis courts, basketball courts, volleyball courts, parks w/playgrounds, splashpad, bocce ball, pickleball courts, an 18-hole golf course designed by Robert Trent Jones Jr., and dining at the Las Sendas Patio & Grill which features breathtaking views of city lights and sunsets.

901 S Smith Road Unit 1012 Tempe, AZ 85281

$585,000
3 Beds
2.5 Baths
1,805 SqFt
Status Active
MLS # 6758678
Property Type Townhouse
Price Type --
Welcome to modern living in Tempe. This lux beauty has 3 bedrooms with 2.5 baths and is conveniently located to all that Tempe has to offer. Looking to be close to ASU, but not in the thick of it, look no further. Or if having easy access to the 101 for commuting to other parts of the valley is important, then this is the place. You'll appreciate the gated access to the community and a two car garage with direct entry into your home. Other pluses are the downstairs guest bath and the upstairs laundry room where the bedrooms are located. You'll also enjoy your private backyard and the balcony off the primary suite. There's much to love about this place and its location!

875 S Newport Street Chandler, AZ 85225

$585,000
3 Beds
2 Baths
1,488 SqFt
Status Active
MLS # 6760729
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the desirable Willis Ranch community! This spacious three-bedroom, two-bathroom residence sits on a huge pie-shaped lot, offering a massive backyard that's perfect for outdoor gatherings. With ample room for gardening, play areas, or even a future outdoor kitchen, this backyard is a blank canvas for your creative vision. Located in a vibrant community with nearby parks and amenities, this home offers the perfect blend of comfort and leisure. Don't miss your chance to own this gem!

7216 W Judy Lynn Lane Peoria, AZ 85382

$585,000
4 Beds
2.5 Baths
2,287 SqFt
Status Active
MLS # 6772487
Property Type Single Family Residence
Price Type --
This inviting 4-bedroom, 2.5-bathroom, 2-story home features recent updates and owned solar with loan assumption! With a family room, great room, and loft, this 2,287 sqft home offers ample living space. Updates include a fully remodeled kitchen in 2024, new flooring in 2021, new A/C and water heater unit in 2022, and fresh exterior paint in 2022, ensuring a move-in-ready experience. The bright and airy interior features tall ceilings and dual-pane windows. The split primary bedroom is conveniently located downstairs and includes a full ensuite bathroom and walk-in closet. The kitchen boasts a walk-in pantry, stunning quartz countertops and an island with a breakfast bar. The backyard has been transformed into an outdoor oasis, complete with a newly built BBQ with a bar, and a gorgeous pool with a waterfall feature and new pool equipment including pool filter (2020), pool pump (2020) and pool vacuum (2021). Don't miss out on this impeccable home!

4711 N Greenview Circle Litchfield Park, AZ 85340

$585,000
3 Beds
2 Baths
1,897 SqFt
Status Active
MLS # 6762975
Property Type Single Family Residence
Price Type --
The search is over! Your dream home is here at Litchfield Greens! Inside this charming, recently renovated, 3 bedroom property, you'll find an open floor plan with soaring ceilings. It's functional design with soft paint, tile flooring, plantation shutters, stylish light fixtures, and recessed lighting promotes a modern, but comfortable feel. The elegant white kitchen showcases staggered cabinets with tall crown molding, custom tile backsplash, granite counters, SS appliances, and a dark-stained island with breakfast bar. The spacious owner's suite has direct access to the backyard and hosts a pristine ensuite with dual porcelain sinks, soaking tub, glass block window, step-in shower, and a walk-in closet. Outside you'll relax and enjoy your private pool and sitting areas. All this and walking distance to the Wigwam and downtown Litchfield Park. Attended security gate provides extra security for this prestigious community. Don't miss out. Act now!

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