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by johnhenrehan from Fox Five

Last Post 49 days, 19 hours Ago


$100 house
Jan 8, 2008 | 8:13 AM
Category: News
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On Saturday I covered the story of a couple from Washington County, Maryland who are having a very hard time selling their refurbished, four-bedroom farm house.  It sits on a three-and-a-half acre lot with a year-round stream.

Linking up with a local non-profit, they are going to sell their house using a raffle.  Tickets will cost $100 each.  The owners will get no more than the fair market value of the house; the remainder goes to the local orphanage.

Ticket sales will be capped at 7,000, so the odds for any participant will be no greater than 7,000-to-1.  Those are actually far better odds than any state lottery.

BUT, the house is in the middle of nowhere.  It would take more than an hour and a half to commute to DC.  Even living there as a retiree, I would go nuts from the solitude.  But, it's some people's dream to live in the country.  About 900 people so far have signed up to buy raffle tickets.  You can search for my story on this website (HOUSE RAFFLE), or go to the orphanage's website for more info:  sanmarraffle.com  

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Member Comments Total Comments: 7
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beagle_buddy read my blog view my photos
Jan 8, 2008 | 9:26 AM

...if they're looking for creating $100,000 for San Mar upon the sale of this property than that's to say they're looking for raffle purchases to be on the order of at least 500-600 ...nothing more than a novel approach to realize their investment recovery and a moderate net profit...perhaps a realtor's fee
for her involvement?? ...is their a "reserve"??? ...

...John, did they take on this property's purchase and rehabilitation with the noble intent that it be for the benefit of San Mar???? …possibly, but I think not

…Best thing I can say for it all is you can’t go wrong with the pleasure, peace and contentment this property’s location can offer…
Starrman1 read my blog view my photos
Jan 8, 2008 | 12:43 PM

Hey John, your statements, "BUT, the house is in the middle of nowhere. It would take more than an hour and a half to commute to DC. Even living there as a retiree, I would go nuts from the solitude."
There are MANY of us retiree's that would not. And if it is a fish maintaining and / or stocked stream, I'm in!!
beagle_buddy read my blog view my photos
Jan 8, 2008 | 9:05 PM

hey "Starr" ...trout stocked in that stream in all likelyhood!!!
carrie-guy read my blog view my photos
Jan 8, 2008 | 9:19 PM

I am trying to sell my house. That sounds like a pretty good alternative.
Sam_in_DC read my blog
Jan 9, 2008 | 7:14 AM

I'm with Starrman. I hope to find a nice secluded place to live after I retire.
RED-DOG1 read my blog view my photos
Jan 9, 2008 | 11:05 PM

Theres an Orphanage in the middle of nowhere?
beagle_buddy read my blog view my photos
Jan 11, 2008 | 4:33 PM

it's not an orphanage ...it's a home for "troubled" girls...
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johnhenrehan

I am a general assignment reporter at Fox Five, and very much enjoy getting to know the different neighborhoods and personalities in our metropolitan area.

Member Since: 4/20/2007


 

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