About the Northbrook Area
Find homes for sale in Northbrook, IL as well as luxury real estate and property in Northbrook, Illinois. Search the MLS for Northbrook real estate and get Northbrook listing alerts on all properties.  |  | | Northbrook Village Hall |
 Affectionately called “the village of friendly living,” Northbrook in Cook County is one of the more desirable and affluent communities within the greater Chicago area. During the 1950s, careful zoning attracted light industry that provides a broad tax base. Outstanding school districts are crowned by the advantage of Glenbrook North High School—one of the nation's finest and most impressively equipped. With nearly 400 acres of parkland, Northbrook provides abundant facilities and opportunities for recreation including golf, tennis, swimming, team sports, and ice skating. Residents can shop in the quaint downtown area with its fine shops and restaurants or at Northbrook Court, one of the premier malls in Chicagoland. Many of Chicagoland’s most popular attractions are within a few minutes of Northbrook including the Chicago Botanic Garden, the dazzling Ravinia Music Festival, and Six Flags Great America. Commuters rely on the Tri-State Tollway (I-294), the Edens Expressway (I-94), and Metra’s Milwaukee North Line to reach the Loop. Bus service is also available.
Helpful Links About Northbrook: Nancy Gibson is the top realtor in Northbrook, Illinois and specializes in real estate, homes and property for sale in the North Shore and the surrounding areas of Northbrook, Glenview, Deerfield, Wilmette, Winnetka, Deerfield, Lincolnsire, Riverwoods, and Winnetka. Whether you are buying or selling real estate in Northbrook, Illinois or on the North Shore, let Nancy Gibson be your realtor. Nancy Gibson and her team continually strive to make service their #1 commitment and results their #1 promise! 
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Tax Considerations >Tax Breaks
Most homeowners are keenly aware of the interest tax deduction on their home loan, but there are many other tax breaks which are often overlooked at income tax time. Pro-rated property taxes and mortgage interest in the year of sale are deductible. You will find these amounts listed on your closing settlement statement. If you paid off your mortgage and had to pay a pre-payment penalty, it qualifies as tax deductible interest. If you paid an "acquisition mortgage loan fee" on a home loan, this fee can be deducted as itemized interest. Home improvement loan fees are also deductible. Any remaining loan fees from re-financed or paid-off mortgages are fully deductible at the time of the mortgage payoff.
Certain items don't qualify as deductions, but can be added to the cost basis of your home, such as transfer taxes, recording and title fees, and special local property tax assessments for new sidewalks, streets, or sewers.
Don't be intimidated by the tax code! A little research or consultation with an expert can help you maximize your real estate tax advantages.
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| Q |
In what 2003 comedy does a very large family move to a new house on Forest Avenue in Evenston, Illinois?
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| A |
"Cheaper by the Dozen", starring Steve Martin, was actually filmed in a house in Los Angeles near the Farmer's Market. |
 See More Real Estate Trivia > |
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Nancy Gibson
Coldwell Banker
1330 Shermer Rd
Northbrook, IL 60062
847-753-6239
Nancy@Number1Nancy.com
Nancy Gibson is the top realtor in Northbrook, Illinois and specializes in real estate, homes and property for sale in the North Shore and the surrounding areas of Northbrook, Glenview, Deerfield, Wilmette, Winnetka, Deerfield, Lincolnsire, Riverwoods, and Winnetka. Whether you are buying or selling real estate in Northbrook, Illinois or on the North Shore, let Nancy Gibson be your realtor.
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