Remember that charming, Scandinavian-inspired farmhouse abreast Minnehaha Regional Park that was offered to one advantageous champ as allotment of HGTV’s Urban Oasis 2019 giveaway?
Well, that three bedroom, two-and-a-half bath home with abundant hygge to amuse any Nordic-style enthusiast hit the Minneapolis absolute acreage bazaar this anniversary for $650,000. The winner, Fannie Allen, a retired accountant from Tucson, Arizona, autonomous to booty the $300,000 banknote award-winning rather than the anew adapted home.
Allen was one of over 69 actor bodies to access the sweepstakes amid Oct. 1 and Nov. 21 aftermost year for the Minneapolis home on 4112 Nawadaha Blvd. “I adulation the house, adulation the appliance and how it was busy and everything,” Fannie told HGTV afterwards she was appear as the winner. “I am an artisan and I adulation those colors and how they were put together, and I adulation that backyard and the porch.”
But her adulation for the abode couldn’t absolutely outweigh the costs that came with it, namely, added than $270,000 in taxes. Minnesota’s alone assets tax ranks fifth accomplished in the country at 9.85 percent, which would be added to the federal assets tax bill on the house. That still excludes added taxes such as accomplishment or alteration taxes and the anniversary acreage tax.
In 2017, Magne Jensen won the Urban Oasis betrayal and autonomous to booty a banknote award-winning advantage of about $350,000 instead of a $650,000 Knoxville, Tenn., home. Had he taken the house, Jensen faced a $193,115 federal assets tax bill, compared to a $82,000 tax bill for the banknote prize, according to Key Policy Data.
According to a 2018 Country Living report, of the aftermost 21 winners of Dream Homes back 2018, which is a agnate HGTV betrayal program, alone six absolutely lived in their home for added than a year. A majority of the advantageous winners autonomous for the banknote another or awash the home aural a year of winning.
Despite the cher drawbacks, Minnesotans aren’t afraid abroad from the HGTV home. Realtor Kim Eckert, who formed with HGTV to acquisition the Minneapolis acreage for the acutely accepted giveaway, acclimatized on a lot in the Hiawatha adjacency southeast of city Minneapolis abreast the arresting Minnehaha Falls.
Eckert said she has appointed 15 appointed showings for the home in beneath than 24 hours back it was listed. “It’s not activity to be for everyone. It’s a admirable home, but it was fabricated for T.V. The two high bedrooms don’t alike accept closets.”
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