The median sales price for homes in Cove - East Side - Shippan, Stamford for Jul 09 to Sep 09 was $403,500 based on 16 sales. Compared to the same period one year ago, the median sales price decreased 30.1%, or $173,500, and the number of sales decreased 38.5%. Average price per square foot for Cove - East Side - Shippan was $244, a decrease of 32.2% compared to the same period last year.

There are currently 129 resale and new homes in Stamford 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 Cove - East Side - Shippan was $802,216 for the week ending Sep 30, which represents an increase of 5.4%, or $41,300, compared to the prior week.

DISTRICT

TYPE

GRADES

SCHOOLS

STUDENTS

Connecticut State Department Of Education

Public

—

41

4,043

Stamford Public Schools

Public

K - 12

21

17,583

SCHOOL NAME

SCHOOL TYPE

GRADES

PARENT RATING

Rogers Elementary Magnet School

Public

K - 5

K T Murphy Elementary School

Public

K - 5

Our Lady Star Of The Sea School

Catholic

PK - 5

Please consult with the school district or a local real estate pro to confirm your eligibility to enroll with a particular district or school.

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The National Association of REALTORS explains the $8000 Tax Credit...

04-24-09

Nicole Borsey

2009 First-Time Home Buyer Tax Credit

Bringing the Dream of Homeownership Within Reach

As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed legislation that grants a tax credit of up to $8,000 to first-time home buyers.

Here is more information about how the 2009 First-Time Home Buyer Tax Credit can help prospective home buyers become part of the American dream.

Who Qualifies?

First-time home buyers who purchase homes between January 1, 2009 and December 1, 2009.

To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.

Which Properties Are Eligible?

The 2009 First-Time Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.

How Much Will the Credit Be?

The maximum allowable credit for home buyers is $8,000. Each home buyer’s tax credit is determined by two factors:

The price of the home—the credit is equal to 10% of the purchase price of the home, up to $8000.

The buyer's income—single buyers with incomes up to $75,000 and married couples with incomes up to $150,000 may receive the maximum tax credit.

If the Buyer(s)’ Income Exceeds These Limits, Can He/She Still Get a Credit?

Yes, some buyers may still be eligible for the credit.

The credit decreases for buyers who earn between $75,000 and $95,000 for single buyers and between $150,000 and $170,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income—over $95,000 for singles and over $170,000 for couples are not eligible for the credit.

Will the Tax Credit Need to Be Repaid?

No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during the three-year period, the credit will be recouped on the sale.