Archive for the ‘Blog’ Category

BEAR MOUNTAIN RANCH

Posted on: January 11th, 2023 by Terri Taylor

Incredible horse facilities, indoor arena, bunkhouse, guest house, historic cabin, timber, meadows, and more.

Multi-Parcel offering in its Entirety: $24,700,000.

Elk Hill: Unparalleled setting and location, just 19 minutes to Denver, yet a world away. Painstaking renovation was just completed. Room for horses and other livestock. Additional contiguous acreage available.

Purchased separately: $2,750,000.

Horse Heaven! Ranchers Dream equestrian legacy property with stunning barn, hand-hewed beams, 52 acres, 8 stalls, 19,000 square foot indoor arena, shop, office, 2,500 square foot residence with balcony, cross fencing, pasture, solar electrical system.

Purchased separately: $8,900,000.

Smister Road

Posted on: August 2nd, 2021 by Terri Taylor

Smister Road is located in Callera, Oklahoma.

Property has a 1.5 story 4bd, 3 ba, 3200 sq ft home with a metal roof, rock exterior, cedar trim, custom cabinets, granite countertops, and a gas fireplace. The customization and quality of craftsmanship will impress you and your guests!

Custom wood-trimmed office is an eye catcher along with a beautiful view out the front. There is a spacious living room with an open concept kitchen and dining room that is perfect for entertaining friends and family gatherings. The laundry and mudroom have built-in cabinets (24 X 24).

Home Notables

  • Master Loft bedroom with full bath
  • Carport
  • Covered front patio (9×48)
  • Covered back patio (8×30)
  • 30×30 extended patio with fire pit
  • 2 water heaters
  • Electric with two installed A/C unit

The first 30 acres: You are welcomed by a 60-foot wide entry into the property with pipe fencing and lights. As you approach the automatic gates will open (keypad security system) and lead you to your home and the view of a spring-fed pond that has never gone dry even in a drought. The steer pasture is approximately 8 acres of timber that include oak and hickory trees. The N.E. pasture is approx. 12 acres, seeded with prime giant Bermuda horse hay that yields between 2000 to 2500 square bales a year.

The 2.5-acre horse turnout is directly behind the house, pipe fence roping arena with single file return alley. The roping boxes are set up for World Series Team Roping. Boxes are adjustable from 16 to 24 feet deep.

There is a newly finished 1,200 sq ft duplex out of view from the main property to ensure privacy. Both sides of duplex are occupied and generating an income of $1,600 a month for rent. The electrical available provides enough power to build an additional five duplexes or a potential RV park.

Building notables

  • 45 X 264 open-air horse barn
  • 5 large 12×24 stalls which can be used for foaling
  • Automatic heated waterers
  • 12×24 wash bay
  • 24×24 feed/staging area
  • 24×24 tack room with revolving saddle rack wall
  • Tack room includes bathroom
  • Trailer parking in horse barn
  • 36×48 outbuilding with concrete floors
  • 1-12′ rollup door; 1-36′ rollup door; 3-10X10 rollup doors

Resource notables

  • Two water wells (one being used)
  • Three 3,000 gallon water storage tanks for irrigation and watering
  • 5 HP water pump feeds to arena and hay pasture on SW corner
  • Electrical for multiple additional outbuildings or RV hook ups.

Property is listed with AFR Partner Rod Canterbury. Private appointments are now being accepted.  Inquires, please contact Drew Colvin 512-755-2078 or Mike Bacon 512-940-8800.

Abbott Ranch

Posted on: April 2nd, 2021 by Terri Taylor

You will see the beauty of this magnificent property starting from the driveway with tall pines to the stocked 30 acre lake along the drive in to the exquisite 10,000 sq ft European chateau. The chateau is more than move-in ready, it comes fully furnished with unique furnishings and lighting that speak “welcome home.” The chateau has everything from a gourmet chef’s kitchen, multiple living areas, dining areas, 9 fire places and 6 bedrooms, and attached 4,000 ready-to-finish guest quarters. The basement leads you down a bricked stairway to a cocktail room, wine cellar and safe room. The back patio overlooks the stocked 30 acre lake for watching the waterfowl and the bald eagles. A second home on the property consisting of 2,200 sq. ft. overlooks the stocked 10-acre Austin Lake and also has a couple barns and a shop for your UTV, ATV, and tractors. The property hosts an assortment of wildlife with multiple sloughs and the Fourche Maline Creek running through it. The waterfowl flock to this little piece of heaven and the deer and turkey are abundant throughout the property. This ranch is fenced and cross-fenced with multiple grasses throughout. The ranch has tall pines, oak trees and variety of other species surrounding the border of the property making it a hidden gem of secluded 767 acres and exquisite European-style chateau.

North San Gabriel Ranch

Posted on: October 31st, 2019 by Terri Taylor

North Gabriel Ranch
68.93 Acres located on FM 2340 3 miles east of US HWY 281. Numerous really nice building sites. Unspoiled land with great potential. Nice percentage of oaks, mesquite, and cedar to open. Nice views, very quiet, on a low traffic highway about 13 miles from Burnet and 15 miles from Lampasas.

Rocky River Ranch

Posted on: September 25th, 2019 by Terri Taylor

Rocky River Ranch 435 +/- Acres

Location: This is that hard to find place you’ve been looking for! 41 miles to downtown Austin, an hour and 20 from loop 1604 in San Antonio and just 8 miles from Johnson City. It’s the Perfect Location just minutes from amenities like Pedernales Falls State Park, Good Texas Dance Halls, a Real grocery store, restaurants and WINE, WINE and more WINE with vineyards and tasting rooms just minutes west of the Ranch. Fredericksburg’s wine region LBJ State Park and Fast Growing Dripping Springs are all within 20-30 minutes of the gate.

Property Description: This ranch has spectacular views, Huge Old Oaks and Cedar Elms shade the land some cedar has been left as cover for game. Fertile well drained soil sets this one apart and makes it very horse friendly and tillable (see wine). The surrounding neighborhood has some of most well known High End ranches in the Hill Country of which many are in Conservation easements insuring the setting for future generations.

This is NOT the cedar infested rocky stuff with thin soil that you have come to believe is all there is in the Hill Country. Nope, the size of this ranch packs a lot of diversity and that is what sets it apart. It has 3700 ft road frontage but maintains a quiet setting without a lot of road noise. There are three nice hilltops with a good elevation changes from about 1280 ft down to 1000 with beautiful 360 degree views of the Pedernales River Valley and best of all you aren’t looking at rooftops. Great deer Hunting, turkey hunting and bird hunting awaits.

This ranch is YOUR blank canvas. It has One water well and good fences making it an opportunity to own a fine piece of property that YOU can mold and create without paying for someone else’s idea of “improvements”. There are a couple of good spots to put in some tanks if one desires. This will be someone’s Family Legacy Ranch. *For those desiring more acreage or potential Pedernales River and Creek Frontage please call the Broker for more information.

Taxes: Property is agriculture exempt. Approximately $540/year

History: It is currently a part of the famed Alonso Robinson Ranch which was established in 1838. Members of the Robinson family still own it. Robinson Road is named after him and the land that the State Park was once a part of the Ranch.

Capital Gains Tax

Posted on: July 15th, 2013 by Terri Taylor No Comments

Capital Gains Tax
Posted by Andy Gustafson on Mon, Jul 08, 2013

Capital Gains Tax, as most taxpayers already know, the sale of a capital asset potentially exposes the seller to a capital gains tax obligation. In order to avoid owing capital gains taxes, a basic understanding of capital assets and gains is in order.

What Is a Capital Asset?

Whether you realize it or not, you likely own capital assets. In fact, almost everyone owns some type of capital asset. According to the Internal Revenue Service, capital assets include almost everything you use for personal or investment purposes, including your home, your household furnishing, collectibles, and stocks and bonds held in a personal account.

What Triggers a Capital Gains Tax Obligation?

Typically, the goal of selling an asset is to make a profit as a result of the sale. When you sell a capital asset, the profit is referred to as capital gain. More specifically, capital gain refers to the difference between the basis of the asset and the ultimate sale price. Usually, the basis of an asset is the original purchase price; however, there are exceptions to this general rule. For example, if you purchased a home ten years ago for $100,000 and you sell it tomorrow for $150,000, then the capital gain on the sale is $50,000. The capital gain of $50,000 is then subject to capital gains tax unless it qualifies for an exemption or deferral.

Long-Term vs. Short-Term Capital Gains

Capital gains are divided into two categories – long-term and short-term capital gains. Long-term capital gains include gains realized on assets that were held for more than one year while short-term capital gains refer to the gain on assets held for less than one year. Long-term capital gains incur different tax obligations than short-term capital gains.

How Are Capital Gains Assessed?

Assessing the capital gains tax starts with determining your basis in the asset. You will then subtract your basis from the sale price to arrive at the realized gain upon which the tax is levied. Determining your basis in a capital asset is typically done in one of three ways:

1.Purchased. If you purchased the asset outright then the price you paid for the asset is considered your basis.
2.Inherited. If you inherit an asset then the basis is determined by the value of the asset on the date of death of the original owner.
3.Gifted. If you received the asset as a gift, your basis is the amount that was originally paid for the asset unless the market value on the date of the gift was less than what was originally paid for the asset.
While these are the three most common methods of determining your basis, there are numerous exceptions to these general rules as well as adjustments to the calculations that may be required before you are ready to start figuring your capital gains tax obligation.

What Are the Current Capital Gains Tax Rates?

Because the IRS wants to encourage people to hold onto assets, gain realized on long-term assets are taxed at a lower tax rate than gain realized on short-term assets. Long-term gains are taxed at 0 to 23.8 percent rate dependent upon adjusted gross income except in the following circumstances:

•The taxable part of a gain from selling Section 1202 qualified small business stock is taxed at a maximum 28 percent rate.
•Net capital gains from selling collectibles (such as coins, precious metals or art) are taxed at a maximum 28 percent rate.
•The portion of any un-recaptured Section 1250 gain from selling Section 1250 real property is taxed at a maximum 25 percent rate.
Short-term capital gains, on the other hand, are taxed at your ordinary income tax rate.

© 2013 Atlas 1031 Exchange, LLC. All rights reserved.
Atlas 1031 Exchange, LLC is a Qualified Intermediary of 1031 exchanges. Information provided is without warranty and in no event shall Atlas 1031 Exchange or principals be liable for damages, including lost profits, arising out of information offered on this website. Taxpayers are encouraged to seek the counsel of their attorney and accountant.