Winner of Raffled Mansion Sells to Church

by Mark Wellborn


Back in January, we wrote about a 6,000 square-foot property in Edgewater, Maryland that was being raffled off by the owner who had grown tired of it sitting on the market without so much as an offer. After 24,000 tickets were sold at $50 a piece, a Colorado woman named Karen McHale was announced as the winner. Soon after winning, McHale said that she planned to put the house on the auction block.

It appears that the auction route did not garner that much interest either.

The Washington Post is reporting that McHale finally sold the house to a local church last month, however the sales price did not come close to its appraised value of $1.2 million:

McHale finally sealed a $650,000 deal in November with Unity By the Bay, a church that has outgrown its modest quarters in a Severna Park strip mall. The church paid $450,000 in cash, McHale said, and she made a tax-deductible contribution of the additional $200,000 to stem the flow of her winnings to the IRS.

While that final sales price would certainly be a disappointment to some, McHale’s return on her investment was fairly staggering: She paid just $100 for two raffle tickets.

See other articles related to: the washington post, home raffle, editors choice

This article originally published at https://dc.urbanturf.com/articles/blog/winner_of_raffled_mansion_sells_to_church/1582


  1. Cory said at 10:18 am on Tuesday December 8, 2009:

    Good for her! That house sits right on Rt. 2 next to the South River bridge.  It would be like having a huge house overlooking Lee Highway. And it’s not exactly that spectacular to begin with.

  1. SimonF said at 10:37 am on Tuesday December 8, 2009:

    I agree with Cory. Kudos to this woman for getting rid of a fairly unattractive home, and making an enormous profit on it at the same time.

  1. DCAdonis said at 5:23 pm on Tuesday December 8, 2009:

    I’m not real sure what you guys are talking about. There are plenty of us out here that have no home of our own and rent. I’m all for profit, etc., etc. but if god shined his light on you don’t turn around and seek profit. Perhaps she could have deferred to a person on that list that truly needed a home. Perhaps even a homeless family. This is why I hate raffles etc. it’s always the person that doesn’t need it. They stack their names in the pot and take away chances for those that do. If you don’t need it, have no reason to have it, don’t really want it don’t put your name into the raffle. There’s someone whose dreams were crushed when they didn’t win.

  1. K said at 11:38 am on Wednesday December 9, 2009:

    Keep in mind the monthly expenses of maintaining this house.  The taxes, electricity/gas/water, maintenance expenses, and insurance add up.  A homeless family or a person who needs it would likely not be able to afford it. 

    The people who entered the lottery knew the risk but believed the possibility of winning was worth it.

  1. Eric said at 1:35 pm on Wednesday December 9, 2009:

    K is correct, a needy person would have been unable to pay for the house.  The Post article says that she would have had to pay $300,000 in taxes if she kept the home past December 31.


  1. DCAdonis said at 12:40 pm on Thursday December 10, 2009:

    K & Eric, all very valid points that I hadn’t considered when first crafting my post. I wouldn’t have been able to afford the winnings either when I think of it on those terms.


  1. Matt said at 12:04 am on Tuesday December 15, 2009:

    The appraised value of the home was $1.2 million… The original owner earned just that by selling 12,000 $50 raffle tickets. WOW.

Comments are closed.

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