Listing Details: Littleton, Highlands Ranch and Ken Caryl Ranch/Valley, Colorado Real Estate Listings & Homes For Sale Provided by Jan Phillips

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Feature Property - CASTLE ROCK ranch

$950,000

CACTUS ROSE CIRCLE : CLOSE FRONT VIEW

Address: 1478 Cactus Rose Circle	City/ST: CASTLE ROCK, CO	Zip Code: 80104
Location: 1478 Cactus Rose Circle	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 6363	Bedrooms: 4	Bathrooms: 4 full, 1 half
MLS# 802993	Property Tax: 11822

THIS CUSTOM RANCH BACKS TO OPEN SPACE, HAS A COVERED PATIO,DBL PANE WINDOWS,ALL APPLIANCES,GOURMET KITCHEN,VAULTED CEILINGS....BREATH TAKING MOUNTAIN VIEWS, 6 OUTDOOR LIVING SPACES ....HEATED 4 CAR GARAGE. TAKE A LOOK AT THE EXTRA PHOTOS....THIS ONE IS REALLY NICE!!

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CACTUS ROSE CIRCLE
CACTUS ROSE CIR.
KITCHEN
FAMILY ROOM
LIVING ROOM WITH VIEWS
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Tax Considerations >Taxpayer Relief

Legislation included in the 1997 federal budget made significant changes that improve a homeowner's ability to profit from the sale of real estate. The capital gains tax exclusions on the sale of a principal residence is just one of several benefits for homeowners. When you sell a home you have owned and use for two of the five years prior to the sale, married couples are allowed to keep up to $500,000 in tax-free profits and taxpayers filing as singles can keep up to $250,000 before paying capital gains tax.

Long-term capital gain is also taxed at lower rates as a result of the Jobs and Growth Tax Relief Reconciliation Act passed in 2003. The maximum capital gains tax rates dropped from 20% to 15% and from 10% to 5%, effective for sales and exchanges taking place on or after May 6, 2003 and through December 31, 2007. In 2008 the 15% rate continues for higher income taxpayers, while the 5% rate for lower income taxpayers drops to 0%, but only for the 2008 tax year. On January 1, 2009, the 10% and 20% rates will be reinstated.

Consult your tax advisor for advice regarding your particular circumstance.

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Q	What city boasts eight of the world's ten biggest hotels?
A	Las Vegas has eight of the largest resort hotels; the latest and most extravagant is the $2.7 billion, 2,716-room Wynn Las Vegas.
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Jan Phillips, REALTOR�, real estate agent and broker for Littleton, Highlands Ranch and Ken Caryl Ranch/Valley, Colorado home listings, property and land for sale

Jan Phillips
Metro Brokers Dakota Ridge
13982 West Bowles Ave, Suite 200
Littleton, CO 80127
cell direct: 720-273-6126
Fax: 303-973-6400
business: JanPhillips@BestImageAgent.com
alternative e-mail: jansphillips@msn.com
WORKING WITH BOTH BUYERS AND SELLERS,SPECIALIZING IN THE SOUTHWEST VALLEY

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