How much did the HGTV Dream Home 2019 winner win?
The place sold for $2.7 million, more than a million less than the $3.8 million HGTV said it was worth. The 2019 winner, Beverly Fulkerson of Osgood, Ind., won a 3,650-square-foot Montana mountain retreat. Finally, last year’s HGTV Dream Home winner took home a 3,500-square-foot house valued at more than $2 million in Pittsburgh, Pa.
Where did Beverly Fulkerson win the dream home?
Every year, HGTV gives away a luxe, fully-furnished home somewhere in America as part of its Dream Home contest. Beverly Fulkerson, a former preschool teacher from Osgood, Indiana won the 2019 home, a 3,650-square-foot mountain-side home located in Whitefish, Montana.
Who won the HGTV smart home sweepstakes?
Meet the lucky winner of HGTV Smart Home 2022 in Wilmington, NC. Congratulations to Leah Nadorff of Columbia, South Carolina; she is the winner of the HGTV® Smart Home 2022 sweepstakes, a grand prize package valued at over $1.2 million dollars. " It’s a whirlwind. Totally surreal.
What is the HGTV Dream Home 2022?
Congratulations on your once-in-a-lifetime win, Karey! HGTV Dream Home 2022 is a Scandinavian-inspired mountain retreat located in Warren, VT, an idyllic town in the heart of the Mad River Valley known for its stunning views, top-notch ski resorts and more.
What taxes do you pay on HGTV?
If you’re lucky enough to win an HGTV Dream Home, you’ll be responsible for federal income taxes on the value of the property or improvements, plus state income tax, depending on your state of residence. That means you’ll pay taxes at your marginal rate because the value of the prize is on top of any income you’ve earned from employment and investments.
How much did the 2011 Vermont ski in ski out lodge sell for?
The place sold for $2.7 million, more than a million less than the $3.8 million HGTV said it was worth.
Why do winners of contests have to sell their homes?
As it turns out, it’s not unusual for winners of contests like this to be forced to sell the properties because they can’t afford the income taxes, property taxes or even the upkeep. Even winners of home make-overs must often sell.
How long did the first 10 Dream House winners live in their new digs?
According to HGTV, only one of the first 10 Dream House winners has been able to hang on to their winnings. Just six of the first 21 winners actually lived in their new digs for more than a year. The longest “survivor,” the 1998 winner, kept her dream home in Florida for eight years before selling it. But after taking out a mortgage on the place ...
How much was the 2009 Manse house worth?
The sales tax on the 2009 house was $500,000, and the property tax was $25,000. So three months after winning the Sonoma, Calif., manse, the winner sold it for $2.2 million. The buyer was the builder, who marked it up 10% and resold it. But there was a bright spot – the winner donated the contents of the home, valued at $187,000, to charity.
How much did the 2008 winner of the Florida Keys sell for?
The 2008 winner would have had to pay sales tax of roughly $700,000 plus $20,000 more annually for property taxes, so she sold her new Florida Keys house for $1.65 million. But just 14 months later, her buyer listed it for sale $1.599 million. It took two more years to sell, and for only $899,000.
Why did the 2007 Texas Mansion go bankrupt?
The 2007 winner actually ended up declaring bankruptcy, in part because he couldn’t afford the $2.5 million Texas mansion he won, though not for lack of effort. He listed the place for $5.5 million, but after it went into foreclosure it sold for $1.43 million – $1 million less than the local real estate community said it was worth.
