Jerry helped the seller save $37,125 on the transaction.
This home, located at 1312 Lone Pine Trail in Severn, Maryland, was recently sold by Jerry Kline, listing agent, Keller Williams Flagship of Maryland. The home was donated to the Sterling Charitable Gift Fund Trust several years ago, and the trust recently chose Jerry to liquidate the asset to more fully support the group’s mission.
The recent sale of Jerry Kline’s listing at 1312 Lone Pine Trail in Severn, Maryland, has extra special meaning for those involved. Many needy people will benefit from the sale of the home because the seller, an IRS Section 501(c)(3) non-profit organization, will use the sale proceeds to bolster the organization’s philanthropic mission.
Jerry’s listing client, Sterling Charitable Gift Fund Trust, is an organization established to promote a variety of educational and cultural projects and provide emergency relief funds to those in need. The home was donated to the group several years ago, and the trust recently chose Jerry to liquidate the asset to more fully support the group’s mission.
The kitchen of 1312 Lone Pine Trail in Severn, Maryland. The home was recently sold by Jerry Kline, realtor, Keller Williams Flagship of Maryland. Jerry was able to help the non-profit avoid a $37,125 charge by facilitating a partial state property sales tax waiver for the seller.
Because the trust’s administrators are located outside Maryland, they needed help preparing the property for sale. So, Jerry worked to line up various contractors to tackle the painting, flooring and miscellaneous repair work. The end result was an updated and appealing colonial-style home that generated maximum funds for the group’s mission.
One particular step Jerry took saved the group $37,125 on the transaction. The state of Maryland normally charges an extra 8.25 percent property sales tax on homes sold by owners who live outside the state. But Jerry was able to help the non-profit avoid that charge by facilitating a partial property sales tax waiver for the client. Obtaining the waiver was tricky and time consuming. But the end result means more needy people will benefit from the additional sale proceeds.
The foyer and living room of 1312 Lone Pine Trail in Severn, Maryland. The home was recently sold by Jerry Kline, realtor, Keller Williams Flagship of Maryland.
Many thanks and congratulations to the trust’s administrators for making the project happen! It was a real pleasure working with you.
If you or someone you know needs to buy or sell a home in the greater central Maryland area, call Jerry Kline at (443) 924-7418 today!
