With today’s busting travel industry, it can be difficult to find a destination that is such a rare gem, just getting its feet wet in the tourism business. With a variety of exceptionally-hospitable and generously-welcoming businesses, Amador County is most famous for their 45+ award winning wineries.

“If I had a dollar for every time someone said ‘This is what Napa was like 25 years ago,’ I’d be a millionaire!” — Jody Franklin, tourism director

Just 40 minutes east of downtown Sacramento and 55 minutes from Sacramento International Airport, the City of Plymouth is centrally located in Amador County, the heart of “Gold Country,” and is known as the gateway to Shenandoah Valley’s extraordinary vineyards.

Experience wine country the way it used to be; quaint, family-owned and nestled along scenic backroads in some of California’s most picturesque rural settings, where chatting with the winemaker isn’t all that uncommon and unpretentious hospitality is the norm. The county showcases award-winning Zinfandels, Barberas, and Rhones, guaranteed to satisfy even the most refined palate.

Outside of the amazing vineyards, Amador County is an area rich with parks and lakes including the Eldorado National Forest and Mokelumne Wilderness. The county provides outdoor playgrounds for everyone from toddlers to extreme athletes. Camping, boating, kayaking, swimming, fishing, biking, hiking, hunting, ATV riding, skiing, snowboarding or just enjoying the scenery are all available within a short drive from Plymouth.

A unique opportunity arises for an individual or investor to take part in building “The next Napa Valley!” Currently a large mixed-use parcel (±167acres) and a small commercial parcel (±1.37 acres) in Plymouth, CA are available for purchase individually via online auction. For property details, due diligence materials, and auction information, visit, https://www.fre.com/real-estate-auctions.

“Authenticity proves key in the growth of Amador County – California’s most approachable wine scene.” — Tyler Forvé, writer for Comstocks Business Insight for the Capital Region

Visit our website
for full documentation on this rare property.

 

 



 

 

 

 

 

By Alan R. Seher, Esq.

ALANSLAW

    After a long hiatus, San Francisco tax attorney Alan R. Seher has agreed to resume writing a semi-regular column for the Real Estate Reader.  Here is his latest.

——————————————————————

    On December 22, 2017, President Trumps signed the new tax law, called the “Tax Cuts and Jobs Act.”  This law has a far-reaching effect on home ownership,  some of which goes beyond taxation.

Mortgage Interest

The first major impact is to the mortgage interest deduction. Formerly, there was a $1 million acquisition indebtedness limitation as well as a $100,000 home equity debt limitation.  The new law reduces new acquisition debt [after 12/14/17] to $750,000 and eliminated all home equity interest deductions.

    California real estate is expensive.  Many counties have median home prices exceeding $1M.  In such cases, assuming a typical 20% down payment, some of the interest payment made would not be deductible.  The more expensive the property and hence more debt, the more deductible  interest would be lost.  Second properties can still have qualified debt, subject to this limitation.  Existing acquisition debt is grandfathered until it is refinanced.  Home equity debt is not grandfathered but may be deductible if used to substantially improve one’s home.

State and Local Taxes

    The second major impact is a limitation on state and local taxes.  It used to be that both property taxes and state income taxes could be used as itemized deductions without limitation. Now, there is a combined  cap on their use set at $10,000. Although this was offset in part by raising the standard deduction.  This limit applies without regard to marital status and is not indexed.

    In California, our property tax rate is relatively low, but the cost of property is high.  The result is a high property tax bill.   California income tax rates are one of the highest in the nation.  The combination of both will exceed the cap for most people.  As such, Californians have practically lost the ability to deduct taxes.

    Moreover, the new tax law further adds to the Marriage Penalty.  If unmarried people owned a home, they could deduct $20,000 combined, but is marries, only $10,000.

Moving Expenses

    Under the prior law, qualified moving expense reimbursements were excluded from an employees income for both income and employment tax purposes.  The new law suspends this exclusion until 2025, except for members of the Armed Services and their families.

    Likewise, moving expenses were an “above-the-line” deduction under prior law.  The new act eliminated them, at least until 2025.

    The net result is that it will be mor expensive to move.

Casualty Losses

    Previously, an itemized deduction could be taken for casualty losses that were not reimbursed by insurance, subject to some limitations.  Now, no such deductions are allowed unless they were incurred in a declared federal disaster area.  Once again, this will expire in 2025.

    Given the recent Wine Country Fires, such losses are on people’s minds.  Given that a declaration of a federal disaster area is done by the executive branch of the government, the potential of a loss without a declaration exists.

Beyond Taxes

    Scholars anticipate that the cost of real estate will decline as a result of these changes.  They also predict that rental rates will remain relatively stable.  As such, home ownership will become more attractive, at least in some states.

Next week I will discuss how the new law affects real estate investors.

 

Alan R. Seher
Niesar & Vestal LLP
90 new Montgomery St, 9th Floor
San Francisco, CA 94105
415-882-5300 x-244

Hotel Sutter is a fully-restored boutique hotel and restaurant in Amador County, where historic charm meets modern elegance. Many are even calling this quaint up-and-coming wine region, “The Next Napa Valley.”

Hotel Sutter is a fully-restored boutique hotel and restaurant, where historic charm meets modern elegance. Built in 1858 and carefully renovated to preserve its historic charm, the hotel is situated in the heart of Gold Country in the picturesque foothills of the Sierra Nevada Mountains, offering a unique experience to both tourists and locals alike.

Sutter Creek in Amador County is the perfect place to get away from the hustle and bustle of everyday life. This enchanting area, rich with breathtaking parks and lakes, is one o f California’s hidden g ems. Many are even calling this quaint up-and-coming wine region, with 45+ award winning wineries, “The Next Napa Valley,” making it a growing travel – and lifestyle – destination.

With today’s busting travel industry, it can be difficult to find a destination that is such a rare gem, just getting its feet wet in the tourism business. This historic hotel offers tourists 21 charming guest rooms, each appointed with stylish decor and all the comforts of home, while the Sutter, a full-service restaurant/bar seating 85, is the late-night hotspot for both tourists and locals alike. Patrons can enjoy delicious American cuisine, wine from the award-winning vineyards, hand-crafted cocktails and, “The coldest beer in Amador County” poured straight from their super cooled taps. The restaurant features a full-functioning kitchen, prep area, walk-in refrigerator, and front and back cooking stations.

The Hotel Sutter is currently available for purchase via online auction. This turnkey opportunity awaits that unique buyer who can develop the hotel and restaurant to its full potential.

For detailed property info, due diligence documents, and auction info, visit: www.FRE.com/264D4

Video Tour

 

 

 

 

With today’s busting travel industry, it can be difficult to find a destination that is such a rare gem, just getting its feet wet in the tourism business. With a variety of exceptionally-hospitable and generously-welcoming businesses, Amador County is most famous for their 45+ award winning wineries.

“If I had a dollar for every time someone said ‘This is what Napa was like 25 years ago,’ I’d be a millionaire!” — Jody Franklin, tourism director

Just 40 minutes east of downtown Sacramento and 55 minutes from Sacramento International Airport, the City of Plymouth is centrally located in Amador County, the heart of “Gold Country,” and is known as the gateway to Shenandoah Valley’s extraordinary vineyards.

Experience wine country the way it used to be; quaint, family-owned and nestled along scenic backroads in some of California’s most picturesque rural settings, where chatting with the winemaker isn’t all that uncommon and unpretentious hospitality is the norm. The county showcases award-winning Zinfandels, Barberas, and Rhones, guaranteed to satisfy even the most refined palate.

Outside of the amazing vineyards, Amador County is an area rich with parks and lakes including the Eldorado National Forest and Mokelumne Wilderness. The county provides outdoor playgrounds for everyone from toddlers to extreme athletes. Camping, boating, kayaking, swimming, fishing, biking, hiking, hunting, ATV riding, skiing, snowboarding or just enjoying the scenery are all available within a short drive from Plymouth.

A unique opportunity arises for an individual or investor to take part in building “The next Napa Valley!”

Currently a large mixed-use parcel (±167acres) and a small commercial parcel (±1.37 acres) in Plymouth, CA are available for purchase individually via online auction. For property details, due diligence materials, and auction information, visit, https://www.fre.com/real-estate-auctions.

“Authenticity proves key in the growth of Amador County – California’s most approachable wine scene.” — Tyler Forvé, writer for Comstocks Business Insight for the Capital Region.

Visit our website for more information about this unique opportunity.


 

 The Best of Sonoma County Wine Country, from the quaint Sonoma Square, to the sweeping Dry Creek Valley, the Coastal Sonoma towns of Gualala, Bodega Bay, and Dillon Beach… Sonoma County has so much to offer. Wineries, Vineyards, and Country Estates, with fine dining just around the corner.  SEE ALL Sonoma County Listings 

Experience the Mendo Coast the Preferred Way. You’ll enjoy homes such as “Edge of the Sea” “Ocean Splendor” and “Whale Song” All brought to you by Mendocino Preferred- We live on the Mendocino Coast and know all its ins and outs. Call us, 800-942-6300 We will help you plan the perfect getaway…

Your Vacation Starts Here

 

Northern Sonoma Coast, Mendocino & Humboldt County. This amazing Northern California area is stunning unique and beautiful, with the rolling valleys from Yorkville to Booneville, incredible sweeping vineyards, foothill terrain, and looming redwoods, to the Coastal regions offering jagged rocky cliffs and Redwood forests. From Gualala’s Sea Ranch homes all the way to Fort Bragg, Noyo Harbor, and Westport’s lovely harbors, quaint cottages, and estates. A wonderful area to discover. Don’t forget Humboldt County the land of opportunity, and the emerging income, agricultural properties of Northern California.  Search All Mendocino Listings

From estates to investments, the very best of Napa Valley. Featuring properties from Napa Valleys own Calistoga, St Helena, Oakville, Yountville, the City of Napa, and American Canyon. Great Estates, Wineries, Vineyards and fantastic dining choices. Come for the Wine, Stay for the Lifestyle. Search ALL NAPA COUNTY LISTINGS

Shop all Lake County Real Estate listings and Current Open Homes.

Clear Lake is the largest natural lake in California and is the center of Lake County, stretching from Middletown, just North of Napa Valley to the vacation homes of Cobb, and the wonderful and quaint town of Kelseyville. Lake County has so much to offer. 5 golf courses, numerous smaller lakes, and mountains, as well as newest National Monument, Berryessa Snow Mountain, a destination for campers, hikers and mountain bikers. The Red Hills appellation produces high altitude wines in this emerging Wine Country, quickly approaching 50 wonderful wineries. Come visit Lake county and all it has to offer.

The Best of Sonoma County Wine Country, from the quaint Sonoma Square, to the sweeping Dry Creek Valley, the Coastal Sonoma towns of Gualala, Bodega Bay, and Dillon Beach… Sonoma County has so much to offer. Wineries, Vineyards, and Country Estates, with fine dining just around the corner.  SEE ALL Sonoma County Listings