EDGEWATER, Md.—A Colorado woman who won a $1.2 million house in Maryland in a $50-a-ticket raffle last year has sold the property to a church.
Forty-seven-year-old Karen McHale of Denver says she bought two raffle tickets as a contribution to the Annapolis charity that worked with a mortgage broker to sell his Edgewater home.
McHale put the house on the market in March for $799,000, then dropped the asking price to $749,000 in May.
Last month, Hale made a deal with Unity By the Bay, a Severna Park-based church. McHale says the church paid $450,000 in cash and she made an additional $200,000 tax-deductible contribution.
After McHale pays state and federal taxes, she says she will pocket about $200,000.
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Information from: The Washington Post,
