2012 "Raising the Roof for Charity" Raffle House
Construction on the 2012 “Raising the Roof for Charity” Raffle House is now complete! This year’s home was built by Kenny Adams, Jr., CGP, CSP of Integrity Builders, Inc. on a lot donated by Wainer Companies in Maison du Lac Subdivision, 456 N. Corniche du Lac, in Covington, LA.
You can view the house in person on Saturdays and Sundays in April from 12pm-4pm and Saturdays and Sunday in May from 12pm-4pm.
The beautiful courtyard style home features 4 bedrooms and 3.5 baths and was designed by DesignTech Residential Planners. Valued at approximately $470,000, with 2 stories and almost 3,000 square feet of living space, this home could be yours for only $100 (plus taxes). Other valuable prizes will also be given away, including the display furniture, provided by American Factory Direct, valued at approximately $10,000. The Grand Prize drawing will be held on June 2nd at 11am at the house.
Floor Plan for 2012 Raffle House
Each year The St. Tammany Home Builders Association members join together to build a house for charity. Proceeds from the ticket sales of this year’s house will benefit local charities such as the Good Samaritan Ministry, Habitat for Humanity-St. Tammany West, the Tammany Trace Foundation, Support Our War Heroes and St. Tammany HBA Charitable Trust.
You have the chance to help the community with each purchase and you could win a beautiful new home for just $100 (plus taxes).
Thanks to the support of the community and our members, we have been able to donate over $4 million to local charities since 1994!
Please note that Maison du Lac is no longer an age restricted community.
How much would the taxes be on this house and would you have to pay the taxes up front.
The taxes would be approximately $117,000. You are required to pay the taxes to the IRS when you sign the papers at closing. Since most of us don’t have that kind of money lying around, winners have historically taken a mortgage against the house.
I TRYING TO MAKE SOME SENSE OF THIS FOR A IMMEDIATE EXPENSE OF $117,000. TO TAXES AND NOT IN THE CALENDAR YEAR. Is this the real Estate law as we know it are there some thing that can be done with this.
Thanks
Calvin White
03.26.12
Hi Calvin,
The $117,000 is paid the the IRS as raffle winning. IRS regulations stipulate that on prizes over $5,000, the winner must pay 25% of the fair market value of the prize minus the amount of the wager. This is how it is calculated: Value of the Home – entry fee) x 25% = IRS Taxes, so ($470,000 – $100) x 25% = $117,475. It has nothing to do with real estate law, but rather taxes on raffle winnings and it would be the same if you won a car.
Since most people don’t have that kind of money just lying around, most people will take a mortgage against the house. I hope this explains your question and good luck!
When is the drawing?
The Early Bird Drawing is THIS Saturday, March 10th and the Grand Prize Drawing is June 2nd.
How many tickets are sold??
A maximum of 7,000 tickets will be sold for the house.
Is this neighborhood still restricted to age 55 and over?
Hi Karen,
No, it is no longer an age restricted community.
Can I buy tickets online?
You sure can Mike. At the top right of of this site you will see a red button that says “Buy a Ticket!”. Just click that and buy as many tickets as you like.
However, the deadline for purchasing early bird tickets on-line has passed so if you want in on the early bird drawing you will need to purchase your ticket at the house today before 11am.
Good Luck!
What are the HOA fees?
Hi Jennifer! Home Owners Association fees are $1,200 per year for this beautiful gated community.
Is this home located in a flood zone?
Hi Ryan,
The home is located in flood zone “A”.
Hi Jessica, Is the house gas are all electric? Those it come with any appliances?
Hi Mike,
The home is all gas and the included appliances are cook top, oven, microwave, dishwasher, wine cooler & downdraft system. As with most homes, you will have to provide your own fridge and washer/dryer. Good Luck!
Hi Jessica, Is it natural gas are propane for the dryer and stove.
It is natural gas for the dryer and stove.
Any vehicle garage storage,if so how much.Thanks Jessica.
Hi Kathleen,
There is a two car garage.
Please,tell me the size of the property-is there an driveway to the back yard.
Hi Kathleen,
The lot is 66.62′ in width and 120.00′ in length. No, there isn’t a driveway in the backyard. The driveway is in the front and the back has a small patio. Good Luck!
Approximately how wide are the “side yards?”
The side yards are 8-10′ wide.
There is conflicting info regarding the quantity of ticket available. On one part of this website it says 5000 tickets but in a previous response by Jessica she says 7000 tickets. Can you confirm?
Hi Carl,
We are selling 7,000 tickets. We looked on the website to find the 5,000 number you mentioned, but can’t seem to locate it. Can you tell me where it is so we can make the correction. Thanks!
will we be able to veiw/walk through the house at saturday’s easter egg hunt/event? thx
Yes, the house will be open for viewing at the Easter Egg Hunt. It is about 98% complete and looks beautiful.
thanks, one more question – regarding the raffle for a ticket on saturday morning at 11:45. how do i enter the drawing, is there a cost, what time do i need to be there by to be entered into it? thx
For this Saturday’s drawing for a FREE ticket, there is no cost to enter. We will take entries from 10an until the 11:45am drawing. You do have to be present to win the free ticket, but not present at the Grand Prize drawing on June 2nd.
thanks jessica!
must we be present to win??? when is the drawing? and may i purchase a ticket online??
Hi Andrew. The Grand Prize Drawing is on Saturday, June 2nd, 11am at the Raffle House. No, you don’t need to be present to win and you can select the link on the right side of the page to purchase your ticket. Good Luck!
Any chance for more Progress Gallery pictures?
Steve:
We will be taking some more pictures tomorrow at the Easter Egg Hunt.
Could you tell me about how much the property taxes in St. Tammnay Parish would be on $470,000.
Thanks,
Based on the current millage rate for St. Tammany, property taxes would be about $6600 annually.
Is this something that would be paid yearly or monthly?
What payments are you referring to?
Do I need to be a Louisiana resident in order to participate?
No, you do not need to be a Louisiana resident to participate in the Raffle.
Jessica -
Has the St. Tammany Home Builders Association registered as a 501(c)(3) organization for the raffle – will the tax ID be printed on the raffle ticket?
Regards,
Ben
Hi Ben,
No, we are not a 501(c)(3). Also, purchase of raffle tickets for any organization are not tax deducible as a charitable contribution because it is gambling. It can be deduct as a gambling loss, but please discuss this with a certified tax professional for your options.
Jessica,
Do you have any room sizes on the house? Will dining room accomodate a large china cabinet along with table and eight chairs?
The dining room is designed for more intimate gatherings and measures 13′x13’1″. A complete list of room sizes can be found at the following link: http://raisingtheroof.net/wp-content/uploads/2012/05/Raffle-House-Statistics.pdf
Is there a way to see pictures of the inside of the home? I’m looking for a new home and like this builders work.
Hi Anne,
We have pictures of the house on the site. Just take a look at http://raisingtheroof.net/progress-gallery/?album=1&gallery=12
Good Luck!
Kenny
Can I pay 100.00 online?
You sure can Anne,
On the top right if every page is a red “Buy a Ticket!” button.
Click that and you can buy as many tickets as you like and pay with a credit card.
Good Luck!
Kenny
Does an independent firm audit and supervise the raffle?
The drawing was overseen by a representative from the account firm of Bernard & Franks. The audit is conducted by the Louisiana Office of Charitable Gaming.