Tax on Capital Gains

[Mia Edgar]

I need some quick tax knowledge.  I've currently accepted an offer of $760,000 on a property with a $655,000 loan.  My real estate agent is getting 5% about $38k so I'd have $64,000 in  capital gains.  How much of that will be going towards taxes?  Approx $30k?

I considered doing a 1031 exchange but with that little equity I feel like I would have a hard time finding that much value of property with such little equity and not much cash from the capital gains to make a bunch of down payments on different properties.

Thanks for any advice!

Mia