Open House on Saturday July 11, 2009.

Open House from 12:00- 4:00 pm.

Address: 2002 Shasta Ridge Dr Conroe 77304

All 1-story on serene wooded 1-acre home site. New constr w/ 12 to14 ft ceilings throughout w/arches, extensive crown & cove molding & fluted trim throughout. Convenient MUD room off garage & side door. Enormous unfinished bonus room over garage (37′x12 & 37′x20 combined room), workshop in large 3-car garage. Fantastic open plan w/large covered back porch. 2 gas water heaters, gas heat & gas cooktop. Double ovens, 2 pantries & quality construction. 16 tile throughout-only bedrooms have carpet.

Lake Conroe Fishing Report

By Larry J. LeBlanc

Updated: 07.07.09

Fishing on Lake Conroe is good but the wind is still causing anglers some problems as has been the heat. The surface temperature of the water is running in 88 degrees in the main lake and the water is clear. The level is 200.12 feet, approaching a foot below pool which is 201 feet.

The black bass have slowed a little according to fishing guide Butch Terpe. He said now is the time to fish around the rocks and riprap, dock pylons and other structures, which are producing good results.

Terpe said Carolina rigged worms in Watermelon, Pumpkin Seed or black with 5/0 hooks will all work well on brush at 12 to 15 feet deep. Early shallow lures in the grass and other shallow structures are producing good catches. The key is a slow presentation.

Catfish are excellent around the FM 1097 bridge pylons and on baited holes along the edges of the river channel in 20 feet of water. Some being caught are up to 3 1/2 pounds. The fish are biting on prepared stink bait, or cheese dip on sponge hooks or shrimp.

[adsys_ad::instory]

–>Terpe said one party caught 40 keepers in 2 1/2 hours.

Crappie are being caught in 15 feet of water over brush and other with the brush 10 feet above the bottom. Terpe said minnows and jigs are both good producers and he has also had good luck with small, white hair jig. Terpe said a lot of small fish are being caught and you need to remember the 10-inch minimum size.

White bass and hybrids are showing up and Terpe said the whites and hybrid are following the shad and he has caught some nice hybrids at 20 to 22 feet on humps, trolling Pet Spoons behind deep diving crank baits. He had a party out last week that caught 10 keeper hybrids in 2 1/2 hours.

Guide Butch Terpe, who works out of Stow-A-Way Marina, has made the facts and information for this fishing report available. Terpe has been a full time guide for over twelve year. For information about his services, he can be reached at (936) 856-7080. For information about Stow-A-Way Marina call (936) 856-4531.

MARK YOUR Calendars. The Lake Cunroe Communities Network will sponsor its

In MLS area œ39 which encompasses most of the Lake Conroe area, the total number of single-family home sales in June of this year were 105 homes.   The total number of single-family home sales in June of 2008 was 130 homes.   For the month of June, sales were down by 20% compared to sales in the month of June in 2008.

The total number of home sales, in the Lake Conroe area, for the first half of 2009 (January 1, 2009 “ June 30, 2009), was 527 homes.   The total number of home sales for the first half of 2008 (January 1, 2008 “ June 30, 2008), were 605 homes.   Sales for the first part of 2009 are down by 13% as compared to the first part of 2008.

The average sales price for a single-family home, in the Lake Conroe area, is down for the first part of 2009, as compared to 2008.   In   2008, the average sales price for a single-family home in the Lake Conroe area was $102.42 per square foot.   In 2009, the average sales price for a single-family home in the Lake Conroe area was $93.73 per square foot.   This is a sales price decline of 8%.

These numbers reflect all single family homes in area 39.   If you are interested in a specific type or location of a property, such as golf course, waterfront, wooded, farm and ranch, home on acreage, home, vacant lot, land, condominium, town home or in a particular subdivision, please contact my office directly or email me at www.LakeConroeFineLiving.com with specific details of your property and I can send you statistics for your particular area.   You can also call my office anytime at 936-525-3220.   Thank you and have a nice day.

Karen Monshaugen,

Broker Associate, Keller Williams Realty

Q:   I’m planning on buying a home for $50,000.   Will I get a tax credit of $8,000?

A:   No.   The credit is equal to 10% of the home’s purchase price, up to a maximum of $8,000.   So your credit would be $5,000.

   Best price in Estate section of Bentwater!   Bentwater Bay Estates is a gated community next to Bentwater Yacht Club! Almost 1/2 acre lot, bulkheaded, very wooded, with a fantastic view out to the lake. Plenty of room for a beautiful home and pool and still have some trees!

 For more information on this property and others please visit: www.LakeConroeFineLiving.com

Karen Monshaugen, Broker Associate

Office: 936-525-3220

Karen@LakeConroeFineLiving.com

If you are a first time homebuyer and are looking for government programs to help assist you for your loan, visit www.MyFirstTexasHome.com .

The Tax Credit is for home buyers (either spouse if filing jointly) who have NOT owned a principle residence during the three-year period prior to the purchase.   Ownership of vacation property or rental property does not disqualify home buyers from this program.
The maximum credit is $8,000 or 10% of the home purchase, whichever is less.
The credit is available for homes purchased on or after January 1, 2009 and before December 31, 2009.  
To qualify for the full tax credit, married couples’ modified adjusted gross income (MAGI) should be under $150,000 and single filers’ MAGI should be less than $75,000. Partial tax credits may be available for married couples with MAGI incomes of over $150,000 but under $170,000 and single filers with incomes over $75,000 but under $95,000.   If married couples who qualify for the first-time tax credit file separately, they would both claim 5% of the home purchase or $4,000 each (whichever is less) on their tax returns.
Home buyers who qualify for this program, but who do not intend to purchase a home till the end of 2009, may elect to alter their tax withholdings (up to the amount of the of the tax credit) in order to save up money for a down payment.   However, if the purchase of the home does not occur, the taxes must be repaid to the IRS.
There is no recapture or repayment clause IF the home is owned for at least 36 months.
The effective date of purchase for new construction (even if buyer owns title to the lot) is the date the owner first occupies the house.   So even if construction began in 2008, as long as the home and buyers qualify for the tax credit, they will be eligible if they take possession any time during 2009.     However, new construction bought from the builder is only eligible if the settlement date (closing) takes place between January 1, 2009 and December 31, 2009.
The law allows taxpayers to elect to treat qualified 2009 purchases as a 2008 purchase so that they can receive the tax credit on their 2008 tax returns.
The full amount of the eligible tax credit is refunded to the buyer, regardless of whether the buyer has paid an equivalent amount in taxes.  

FIRST-TIME HOMEBUYER TAX CREDIT As Modified in the American Recovery and Reinvestment Act

Major Modifications Italicized