LOG HOME ON 40 ACRES CLOSE TO JACKSON HOLE ETNA, WYOMING
This charming, private home sits on 40 lush irrigated acres at the end of the road. Conveniently located approximately 50 minutes from the resort community of Jackson Hole and Idaho Falls, both of which offer commercial airline service. The home features beautiful vistas from every window and is surrounded by lovely mature greenery and flowering trees including lilac bushes, apple trees, aspens, evergreens and succulents galore. Enjoy your morning cup of java on the back deck and watch the sunrise. This is a property to “Come Home To�. VIEW MORE ONLINE AT HTTPS://BIT.LY/THOMPSONDRIVE
The living areas on the first floor have new wood flooring and soft touch light filtering shades on the windows. The stunning remodeled kitchen offers abundant cabinetry, recessed lighting, double ovens, and an induction stovetop with custom wood and metal exhaust hood. The spacious 11-foot island features live edge granite countertop, additional cabinetry, a Farmhouse sink, Kitchenaid dishwasher, trash compactor and a microwave. There is also space for a wine cooler. This is a “Dream Kitchen�. In addition there are all new bathrooms downstairs and new lighting. A custom antler chandelier graces the Great Room.
Included with the property is a detached shop/garage which has been updated with new cabinetry, a half bath and a pellet stove. The backyard is fenced with two single gates and one double gate. A new sewer line from the house to the sewage tank has been installed. Also, there is a new pump on the well system and a new 81gallon pressure tank. In addition, the property comes with water line irrigation. This is an ideal property for horses or livestock. Public access to national forest is just steps away and the property is also close to Palisades Reservoir and the Grey’s and Salt River which offers recreational activities such as fishing, hunting, cross country skiing and snow mobiling.
PROPERTY PROFILE • 40 acres in Etna, Wyoming • 3,900 sqft home • 5 bedroom/4 bathroom • Beautiful views from every window and deck • Detached garage with half bath and pellet stove • New wood flooring • Renovated kitchen includes plenty of cabinet space, granite countertops, farmhouse sink, induction stovetop, double ovens, custom exhaust and space for wine cooler • Renovated downstairs bathrooms • Custom antler chandelier in great room • New roof over deck • Fenced backyard • New sewer line from the house to sewage tank • New pump on the well system • New 81-gallon pressure tank • New well filter • Property has water line irrigation • Public access to hiking • Close to Palisades, Greys River and Salt River • Frequent wildlife
Offered at $1,295,000 VIEW MORE ONLINE AT HTTPS://BIT.LY/THOMPSONDRIVE
Wyoming
TA X B E N E F I T S
One of the most tax-friendly states in America.
There are plenty of reasons to be thankful for owning a home in Jackson Hole, Wyoming: the mountains, the rivers, two national parks and three ski resorts, art galleries and restaurants, a charming Western-style downtown, and a close knit, philanthropic-minded and fun loving community. As enviable as our lifestyle is here, reality does intrude occasionally, as it will in mid-April when we pay our taxes. But even in that area, we as Wyoming residents are better off than most. After all, Wyoming has been cited by Bloomberg Wealth Management magazine as the most tax friendly state in the country. We can stretch our hard-earned dollars further, whether buying real estate, leaving property to our heirs or buying a new mountain bike.
Below is a list of the top 10 tax benefits on why it’s beneficial to own property in Wyoming. No tax on the sale of real estate. No state income tax.
With no state tax on personal or corporate income, you have more disposable income.
Dynasty trusts.
In Wyoming, you can shield your real estate from federal estate taxes for up to 1,000 years through a dynasty trust, which can be established in Wyoming for the benefit of your family or other beneficiaries. You can transfer your real estate into a limited liability company or family partnership and then put that into the dynasty trust, which can continue for a thousand years. As a result, multiple generations can make use of and enjoy the property, without having to pay estate taxes or worse, having to sell the property in order to pay the taxes. A key point to remember: The trust must be administered in Wyoming.
No tax on out-of-state retirement income.
People in Jackson Hole who use Wyoming as a second home may have retirement income that comes from other states where they are a resident. Wyoming does not tax that retirement income earned outside of Wyoming, and if the participant is a resident of Wyoming when they take that income then the original state cannot tax that income either.
No state gift tax.
Somebody who owns property in Wyoming can ‘gift’ that real estate to their heirs without having to worry about paying a state gift tax.
No inheritance or estate tax.
Wyoming does not assess any state inheritance tax. Wyoming repealed its estate tax as of January 1, 2005.
Low property taxes.
Wyoming has very low property taxes compared to other states. The taxes that you do pay here are based on the assessed value of the property.
No excise taxes. When you fill up your car with gas or buy a bag of groceries in Wyoming, you will not pay any state tax on your gas or food.
No tax on mineral ownership. Many states charge owners a tax on their mineral ownership, but Wyoming does not.
No intangible taxes.
Richard Lewis 307-690-8855 richardlewis@jhrea.com
Chopper Grassell 307-231-2603 choppergrassell@jhrea.com
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WWW.LIVEJACKSONHOLE.COM