Win a $460,000 House for only $250
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House for Raffle
A state-approved raffle gives an opportunity for the community to raise money to renovate the Boys and Girls Club of Johnson City, and the winner of the raffle gets a $460,000 home.
Dana Wachter/11 Connects
Once the house is paid for, all proceeds go to the Washington County/Johnson City Boys and Girls Club.
Washington Co., Tenn.—As foreclosures continue, and the housing market hasn’t yet started to pick up, a community partnership is offering an opportunity to those looking to move, or those hoping make a pretty penny.
A never-been-lived-in, nearly half-million dollar home could be yours, for only $250, just by entering a raffle.
The Boys and Girls Club of Johnson City/Washington County has partnered with developer Scott Smith. A house Smith has been trying to sell, appraised at $460,000, has been slow to move on the market. Since January, the house has been off the market, awaiting state approval to be raffled. Now, 2,500 tickets are for sale, for $250 a piece. The winner is expected to pay taxes and maintenance fees, but the entire house will be paid for.
All proceeds go to the Boys and Girls Club.
The drawing is set for August 22.
If not enough tickets are sold, buyers are given the option to get a refund, or to donate to the Boys and Girls Club. Tickets, and more information, can be found online, at http://www.tndreamhome.org.
Click on the icon above for more.
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Reader Reactions
oh yeah, they are donating it to the Boys and Girls Club. That is so wonderful and nice to see during these hard times.
What a fantastic idea this is. That way the owner still gets their money and one lucky individual gets a beautiful house for $250 - you can’t go wrong really. They should do this more often!
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