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  Kentlands & Lakelands Real Estate
Kentlands is an upper class suburb of Washington, D.C. located in the Gaithersburg city limits. Like its sister development Lakelands, Kentlands is one of the most successful New Urbanism developments in the country. Begun in 1988 on more than 350 acres of farmland previously owned by Otis Beall Kent, the Lakelands and Kentlands communities have grown into a veritable city all their own. By planning the community around an idea of open spaces, symmetry and beauty, the designers of Kentlands have created more of a sculpture than a housing plan.
Located 20 minutes northeast of the Washington, D.C. beltway along Highway 270, Kentlands is in the perfect position for you to have an easy commute to the capital. Many residents living in the area work for the federal government or one of Washington’s many large companies. The city of Gaithersburg, Maryland surrounds Kentlands and Lakelands and offers all the conveniences of a metropolis without the hassles. Gaithersburg has a population of approximately 60,000 people, and many large employers are located here including IBM, Lockheed Martin, Sodexo and ACE*COMM.
In the developments of Lakelands and Kentlands, there are three central shopping and business districts – Market Square, Kentlands Square and the Boulevard Shops. Here you will find grocery stores, banks, offices, stores, boutiques, restaurants and a 10-screen cinema. These gathering places are reminiscent of the charming village square-style architecture found on small town main streets around the country. Many residents enjoy walking past the quaint storefronts, grabbing a cup of coffee or tea at a nearby café or taking in all the sights on a warm fall night. By blending commercial and office spaces with residential properties, the planners of Kentlands have created a self-contained community that provides a variety of resources and services right at every resident’s fingertips. Everything you need is right next door.
What really makes the Kentlands a success is the people that reside here. The community brings people together who have a shared passion for community and family. Every resident takes an active interest to ensure the needs and wants of every person are met for the better of the community. The growth of this community is expected to continue for the near future, and everyone is committed to making the community the best that it can be. The population is diverse and even during this time of economic turmoil, demand remains high for Kentlands and Lakelands real estate. The Kentlands and Lakelands encompass more than 1,800 homes including single family, townhomes, condos and apartments. Without a doubt these neo-traditional communities are two of the most successful urban communities in the country.
Looking for Kentlands and Lakelands homes for sale?
Looking for real estate in Kentlands or Lakelands? Search our local listings database for access to listings in Kentlands, Lakelands and surrounding communities. Whether you want to buy or sell real estate in Gaithersburg, you can browse through properties or find a wide variety of real estate resources available on this website.
Kentlands and Lakelands Real Estate Agent
If you are looking for a REALTOR® in Kentlands and Lakelands, choose Mary Charters & Associates. As your Kentlands and Lakelands real estate agent, Mary Charters can assist you with all of your home buying and selling needs. We can provide you with access to the local listings database and offer our experience and knowledge to make the home buying or selling process easier for you and your family. Contact Mary Charters & Associates today to get your home search started! Request our Free Gaithersburg, North Potomac, and Darnestown Relocation Package. It's packed full of useful and important information about the Gaithersburg, North Potomac, and Darnestown, Maryland area. Don't move here without it! Remember: we'll send it to you for free and without obligation. It's our job to know EVERYTHING about Gaithersburg, North Potomac, and Darnestown! Ask us any question. Just fill out this form or call (301) 590-5500 to get your package or to ask us something.
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Tax Considerations >Taxable Profits
If you are thinking of selling your home and your house has risen in value since you purchased it, or you have accumulated a lot of deferred profit from previous sales, the Taxpayer Relief Act passed in 1997 could be of tremendous value.
Prior to this law, when a homeowner moved to a smaller home, relocated to a less costly area, or made a decision to rent, they were left with unfavorable tax consequences. The old tax law allowed people who sold their homes to defer tax on any profit by buying a replacement home of at least equal value within two years. At age 55, they could permanently escape tax on up to $125,000 of profit, but any profit in excess of that amount was taxable unless a new home was bought.
The good news is that with homes sold after May 6, 1997, homeowners can make as much as $500,000 tax-free profits on the sale of a principal residence for joint filers or $250,000 for single filers. The $500,000 capital gains exclusion removed taxes as a consideration for most home sellers by giving them flexibility to trade up or down. It has also allowed homeowners to preserve the savings value of a home when they sell, provided they use the property as their principal residence for two of the prior five years prior to the sale.
Consult your tax advisor for your particular circumstance.
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How did actress Jayne Mansfield decorate her Hollywood "Pink Palace" without buying any furniture?
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She wrote to furniture suppliers asking for free samples, telling them they could brag that their furniture was in her outrageous mansion. She received over $150,000 worth of free merchandise. |
 See More Real Estate Trivia > |
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Mary Charters & Associates
Mary Charters & Associates / Keller Williams Team Realty
301 Inspiration Lane
Gaithersburg, MD. 20878
Phone: 301-590-5500
Fax: 301-330-3772
Email: info@marychartersandassociates.com
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